Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)…
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Europe uses subsidies, taxes and policy pauses to offset pain of high fuel prices
FILE - Gas prices are displayed at a gas station in Frankfurt, Germany, Monday, Sept. 14, 2026. (AP Photo/Michael Probst, File)
Wars in the Middle East and Ukraine are driving governments across Europe to craft subsidies, taxes and…
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PETROAN seeks open competition in products supply
Dr. Billy Gillis-Harry
Dr. Billy Gillis-Harry, National President, Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has called for an open and competitive petroleum products market.
Gillis-Harry…
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Regulator launches nationwide enforcement
The operation started on Thursday, a day after the NMDPRA notified major industry groups that it would act against outlets involved in under-dispensing.
The warning was sent to the Independent Petroleum Marketers Association of…
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FG urged to build regulatory capacity to safeguard gas revenue
Nigeria needs to invest more in building the expertise of regulators in gas metering as the country expands its gas infrastructure, an energy expert, Dr Sunday Kanshio, has said.
Kanshio, who is the Managing Partner of Fleissen…
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In Saudi Arabia, Local Refineries Receive Crude at $25 While Nigeria Sells at Benchmarks — Iroegbu
According to a video posted on Trust TV on Thursday September 24, 2026, a member of the Nigeria Democratic Congress (NDC) media team, Dickson Ikeoegbu, said local refineries in Saudi Arabia receive crude oil at about $25 per barrel…
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Petrol costs over N3,000/litre in UK, Nigerians are enjoying — Okpebholo
Edo State Governor, Monday Okpebholo.
Edo State Governor, Monday Okpebholo, has said petrol costs more than 3,000 per litre in the United Kingdom, claiming that Nigerians are “doing very well” with the current price of the commodity in…
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Nigeria imports N2.7trn crude oil in 6 months
Crude oil cargo vessel.
Nigeria’s crude oil import in the first half of 2026 dipped by 4.84 per cent, year-on-year, to N2.694 trillion, compared with N2.831 trillion recorded in the first half of 2025, according to data released by the…
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Nigeria’s gas future will depend on production-ready infrastructure
liquefied natural gas (LNG) infrastructure
Nigeria’s ability to sustain its position in the global liquefied natural gas (LNG) market and advance domestic gas projects will depend on production-ready infrastructure, operational…
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UN launches energy transition minerals scheme for Nigeria, five other countries
Antonio Guterres, UN Secretary-General
The United Nations has launched a new support mechanism to help Nigeria and five other resource-rich developing countries build sustainable and responsible value chains for critical energy…
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₦729bn bond drives power debt cleanup to ₦1.23trn
A ₦728.9 billion second-series bond has pushed the Federal Government’s power-sector debt-reduction programme to approximately ₦1.23 trillion, bringing fresh liquidity to generation companies burdened by years of unpaid electricity…
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