Aliko Dangote disowns misinformation. He does not believe in claims that US President Donald Trump does not support Dangote Refinery. Rather he says Trump is pleased with the project. Dangote’s claim allays fears in the oil industry in Nigeria. Background on the Refinery The Dangote Refinery stands as a massive $20 billion investment. Located in…
Nigeria’s fuel market sees a big shift today. Dangote Petroleum Refinery cuts its ex-depot petrol price to N699 per litre. This move drops the cost from N828 per litre. Officials confirm the change takes effect immediately. As a result, drivers and businesses gain relief during the busy December season. Details of the Price Adjustment The…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported that Nigeria petrol consumption averaged 56.74 million litres per day in October 2025. This figure reflects nationwide demand across fuel distribution channels. Domestic Production and Imports According to the NMDPRA’s fact sheet released on Friday, local refineries produced 17.08 million litres daily, while imports…
The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has welcomed the federal government’s suspension of the planned 15 per cent import duty on petroleum products. He described it as a strategic decision that shields consumers and also supports local production. Suspension Result of Behind-the-Scenes Dialogue Speaking to…
