Major filling stations, including MRS and AA Rano, have cut petrol pump prices, offering relief to Nigerian motorists. The reductions follow a fresh wave of price cuts at private depots, with Dangote Refinery’s pricing strategy shaping the market. A market survey on Saturday showed MRS filling stations in Abuja reduced the retail price of Premium…
The Nigerian National Petroleum Company Limited (NNPCL) has officially deployed more than 1,000 young Nigerian professionals into its workforce after they completed a one-year internship, intensive training and performance evaluation programme. Group Chief Executive Officer Bayo Ojulari made the announcement on NNPCL’s official social media platforms, describing the exercise as a significant milestone in the…
The Organisation of Petroleum Exporting Countries and its allies, OPEC+, has approved a 188,000 barrels per day increase in oil production quotas for September. This is the fourthconsecutive monthly output hike as the group continues unwinding supply cuts introduced in 2023. The decision was announced on Sunday after a virtual meeting involving seven key members…
The Nigerian National Petroleum Company (NNPC) Limited has released new pump prices for Premium Motor Spirit (PMS) across its retail stations nationwide. Motorists in Lagos now pay N1,265 per litre, a N35 cut from N1,300, while Abuja buyers pay N1,335 after a N15 reduction from N1,350. Bayelsa and Akwa Ibom have the lowest NNPC petrol…
Nigeria’s average Domestic Gas Delivery Obligations performance reached 2.05 billion cubic feet per day (Bcf/d) as of June 2026, representing a 65 percent compliance rate against the allocated target of 3.16 Bcf/d Oritsemeyewa Eyesan, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), disclosed this during a stakeholders’ workshop on the proposed Gas Swap…
Global crude oil prices have surged above $100 per barrel for the first time since May, driven by escalating conflict between the United States and Iran. The spike is expected to push petrol prices higher in Nigeria and worsen the cost of living, even as the government faces billions of naira in unexpected revenue. Nigeria’s…
Dangote Petroleum Refinery has resumed the sale of Automotive Gas Oil (AGO), commonly known as diesel, after an eight-day suspension. But marketers will now pay a higher price as the company raises its gantry rate to ₦1,650 per litre. The latest pricing marks a ₦150 increase from the previous ₦1,500 per litre, a 10% rise….
Dangote Group has proposed building a petroleum products storage terminal in Cameroon to expand distribution across Central Africa. The project, still under discussion, could improve Cameroon’s fuel security and supply neighbouring countries. The proposal was presented on July 21, 2026, to Cameroon’s Prime Minister, Joseph Dion Ngute, by the Group’s Vice President for Oil, Gas…
The Nigerian National Petroleum Company (NNPC) Limited has increased petrol pump prices at its retail outlets in Lagos and Abuja, with Lagos recording the steeper jump of N182 per litre. The price hike came as petrol loading at Dangote Refinery remained suspended for a fifth consecutive day, leaving marketers scrambling for supply. A survey conducted…
Media practitioners have been tasked to uphold the core tenets of their profession based on diligence and public interest. They are also to integrate modern technologies, including Artificial Intelligence, into their reportage. This formed the crux of deliberations at a Media Capacity training organised for members of the Nigeria Association of Energy Correspondents, NAEC, in…
