UK Imports £1.02bn in Refined Petroleum From Nigeria as Dangote Refinery Expands
Nigeria exported £1.02bn worth of refined petroleum products to the UK in the year ending June 2026, overtaking crude oil as its largest export category to Britain.
Tag: Crude Oil
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FCCPC warns fuel marketers against exploiting consumers despite falling crude prices
The Federal Competition and Consumer Protection Commission (FCCPC) says it is concerned that fuel marketers have failed to reduce pump prices in line with the sharp decline in global crude oil prices. The commission disclosed this in a statement on Sunday following an ongoing surveillance of the downstream petroleum market. ‘Price cuts not commensurate’ The…
NNPC Targets 3 Million Barrels Daily Crude Oil Output by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its goal of raising Nigeria’s crude oil production to two million barrels per day (bpd) by 2027, and to three million bpd by 2030. This assurance came from Mr. Udy Ntia, Executive Vice President, Upstream, NNPC Ltd., during his presentation at the 2025 Abu Dhabi…