Israel has resumed bombing of Lebanon, a top ally of Iran, after President Donald Trump of the United States announced a ceasefire and gave reason for the onslaught.
MEMAN’s latest bulletin shows import parity prices, different ex-depot fuel costs, and crude benchmarks influenced by exchange rates and global market conditions.
The planned nationwide fuel distribution plan of the Dangote Refinery has hit a snag as talks between the Nigerian government and marketers were deadlocked.
Dangote Refinery has announced the receipt of 1,000 out of the 4,000 CNG-powered trucks for nationwide fuel distribution, which will start in the South-West.
The price of petrol could change again at filling stations and depots, including the Dangote refinery, as crude oil prices rise following fears of supply disruption.
The Nigerian government has commenced the second phase of the Siemens power project to boost the country's electricity supply and stabilise the national grid.
Dangote Refinery, AA Rano, and Aiteo have raised petrol prices from N821 per litre to N823, with analysts warning that further hikes are likely this week.
Nigerians still pay less for petrol than in other West African countries as Dangote Refinery's ex-depot adjustments influence nationwide pump prices.
The National Bureau of Statistics has disclosed that the price of diesel in July 2025 increased again, indicating that companies are spending more on power.
The mega Dangote Refinery is nearing its full 650,000 bpd-capacity as new data showed that it is now producing approximately 610,000 bpd from 440,000.
NLNG signs 20-year gas supply agreements with NNPC Ltd. and partners to boost Nigeria’s energy security, industrial growth, and global market presence.
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