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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CBN launches student initiative on currency preservation
...Warns against naira abuse
The Central Bank of Nigeria has raised alarm over the growing misuse of the naira, warning that persistent abuse of the country’s banknotes is driving up replacement costs and shortening their lifespan.
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MEMAN: Reform Nigeria’s Energy Sector Now, Global Tensions Won’t Wait
The Major Energies Marketers Association of Nigeria (MEMAN) has warned that recent geopolitical tensions involving Iran and their impact on global oil markets have exposed the fragility of West Africa’s energy security architecture,!-->!-->!-->…
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IPMAN Seeks Petroleum Industry Reform
The Independent Petroleum Marketers Association of Nigeria (IPMAN), says Federal Government should focus on reforming the petroleum industry to fast track the nation’s economic growth.
The National Publicity Secretary of IPMAN, Mr.!-->!-->!-->!-->!-->…
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How NNPC, Dangote Imported 38,000 Barrels Daily In May As Petrol Imports Rebound
The Nigerian National Petroleum Company (NNPC) Limited and Dangote Refinery imported a total of 38,000 barrels per day of petrol in May 2026 as the country returned actively to the importation of the fuel.
According to a report by!-->!-->!-->!-->!-->…
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LPG Supply Gap: NMDPRA To Issue Import Permits – Umar
Rabiu Umar, NMDPRA boss
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will issue and closely monitor import permits to bridge 165,000-metric-tonnes of Liquefied Petroleum Gas (LPG) supply gap in!-->!-->!-->…
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Petrol Import Landing Cost Drops To N1,017/Litre
Landing cost for imported premium motor spirit (PMS) also known as petrol, fell to N1,017 per litre this month, driven mainly by a drop in global crude oil prices industry sources said.
The decline is expected to reduce pressure on!-->!-->!-->!-->!-->…
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NERC approves N21bn for DisCos to meter customers in 60 days
The Nigerian Electricity Regulatory Commission (NERC), under the Meter Acquisition Fund (MAF) scheme, as part of efforts to bridge the metering gap in the Nigerian Electricity Supply Industry (NESI) which is in excess of seven million!-->!-->!-->…
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Fed’s higher-for-longer stance raises pressure on Nigerian Eurobonds
Nigeria’s Eurobond yields edged higher last week as investors reassessed risk across emerging markets following renewed signals that US interest rates could remain elevated for longer, increasing pressure on frontier-market debt!-->!-->!-->…
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WIEN Congratulates Mrs Aiboni On Appointment As EVP/Chairman Of Shell Companies In Nigeria
Mrs Elohor Aiboni
Africa’s leading gender equity advocate in the energy industry, the Women in Energy Network (WIEN), has congratulated one of its distinguished Board of Trustees members and prominent professionals, Mrs. Elohor Aiboni,!-->!-->!-->…
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ICPC Tasks Customs Officers on Integrity, Transparency in Revenue Collection
The Borno State Office of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has urged officers of the Nigeria Customs Service (NCS) to uphold the highest standards of integrity, transparency and!-->!-->!-->…
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