The Nigerian government has responded to the UK's advice for its citizens to avoid travel to six states, including Katsina and Adamawa, due to security concerns.
Dangote Refinery has reduced the petrol price by N49, triggering fresh price reductions at filling stations as competition intensifies in the downstream sector.
Nigerian Refinery owners have blamed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for their failure to meet local fuel demand.
Refinery owners in Nigeria have said that the Dangote Refinery has about 500 million litres of petrol, enough to meet local demands for more than 10 days.
The price of crude oil has risen above $76 per barrel, putting refinery owners on high alert over the possible hike in petroleum product prices.
The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigerian government to achieve crude oil production of 4 million barrels per day.
The NNPCL has withheld a record N13.763 trillion in revenue from the Federal Government, making it more challenging to fund the national budget according to report.
The prices of liquified natural gas and petrol have crashed drastically across Nigeria due to the reduction in energy costs as reflected in the CPI rebasing by NBS.
Two months after December 2024, Nigeria has achieved a major milestone in electricity generation, with peak record of 5,543MW, but is still behind FG target...
Mele Kyari, the GCE) of NNPC has revealed that security and legal actions have been taken against reviewers misleading Nigerians about the company's fuel.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has confirmed that Nigeria still imports petroleum products to meet the shortfall.
Energy
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