
MSM Group chairman has revealed that his company discovered a large oil reserve worth $15bn and that the NNPC Limited was not even aware of its existence.
MSM Group chairman has revealed that his company discovered a large oil reserve worth $15bn and that the NNPC Limited was not even aware of its existence.
Dangote Petroleum Refinery has decided to slash the fuel price for marketers and has instructed its retail partners to drop fuel prices below N900 per litre.
Dangote Petroleum Refinery and Petrochemicals has decided to once again reduce the cost of Premium Motor Spirit (PMS), popularly known as petrol by N30.
The Nigerian National Petroleum Company Limited (NNPCL) has also joined other downstream players such as Ardova, MRS, Hyden to slash fuel pump price.
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has said that petrol prices could be sold as low as N350 per litre if crude falls to $50 per barrel.
The Lagos state government has declared that residents of the state spend about N14 trillion on fuel to power their generators for homes and businesses.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned of further price cuts in filling stations as some lowered costs below Dangote's rate.
Nigeria’s crude oil production rose in the first quarter of Nigerians despite the challenges of March as the federal government looks to meet revenue target.
The Lagos State Deputy Governor, Obafemi Hamzat, has decried the N29 million electricity bill he received from Eko Electricity Distribution Company in April 2025.
The Nigerian government has promised to address the N4 trillion debt owed to electricity companies following threats by the firms to shut down operations.
Energy
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