The Nigerian National Petroleum Company Limited (NNPCL) has concluded plans to increase crude oil allocation to the Dangote Petroleum Refinery to seven cargoes in May 2026, up from the five cargoes supplied in previous months. The development is part of the national oil company’s efforts to priorities domestic crude supply to local refineries. Despite the…
The cost of goods and services across Nigeria is expected to increase further following a fresh hike in petrol prices by the Dangote Petroleum Refinery, which has raised the gantry price of Premium Motor Spirit (PMS) to ₦1,175 per litre. The adjustment marks the third petrol price increase within one week, intensifying concerns over rising living costs…
By Babatunde Tiamiyu The Muslim Media Watch Group of Nigeria has commended President Bola Tinubu for evolving new leadership and Management for the Nigerian National Petroleum Company Limited, NNPCL. In a Press Statement issued and signed by the National Coordinator of the Group Alh. Abdullahi Ibrahim and the National Secretary Dr. Nasir Balogun, the Group…
In a sweeping reconstitution of the Nigerian National Petroleum Company Limited board, President Bola Tinubu has removed the chairman, Pius Akinyelure and the Group Chief Executive Officer, Mele Kyari. Consequently, the President appointed Bashir Ojulari as the new CEO, effective from April 2, 2025. Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, revealed the…
There are indications that the naira-for-crude policy of the Federal Government may continue, as impeccable insider sources familiar with the development insisted on Monday that all parties involved in the deal would reconvene soon. The first phase of the six-month deal involving the Federal Government, Nigerian National Petroleum Company Limited, and Dangote Petroleum Refinery ended…
The Petroleum Products Retail Outlets Owners Association of Nigeria has commended the Nigerian National Petroleum Company Limited for successfully running the revamped Port Harcourt Refinery for 180 days non-stop National Public Relations Officer, Dr Joseph Obele, who gave the commendation in a statement on Tuesday, also commended the host communities for their cooperation and support…
The Nigerian National Petroleum Company Limited, NNPCL, says the 150,000 barrels per day, bpd, Port Harcourt Refinery and Kaduna Refinery are currently undergoing a total overhaul designed to meet world-class standards. According to the NNPCL, the rehabilitation done at the 60,000 bpd Port Harcourt Refinery and Warri Refinery was not the typical Turnaround Maintenance, TAM,…
By Yetunde Oke Two Public Affairs Analysts have urged federal government and other stakeholder in the petroleum sector to be transparent about their dealings in respect to Port Harcourt and Dangote Refineries. The analysts, Engr. Kemi Babawale and Comrade Ogundele Ayodele, made this know while featuring on Pensioners’ FM Current Affairs Programme, “The Searchlight.” According…
The Nigerian National Petroleum Company has released a breakdown of estimated prices of Premium Motor Spirit (Petrol) from Dangote Refinery in retail stations across the country based on September 2024 pricing. The Spokesperson of NNPCL, Olufemi Soneye disclosed this in a statement on Monday. The company confirmed that it is paying Dangote Refinery in United…
Marketers have demanded direct access to Premium Motor Spirit (petrol) from the Dangote refinery, criticising the firm grip of the Nigerian National Petroleum Corporation on the market. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said the market should be open for all in line with the willing-buyer and…