Several APC state chairmen have rejected Nyesom Wike’s proposed coalition ahead of the 2027 election, urging the FCT minister to formally join the party.
The NNPCL has reduced petrol prices in Lagos and Abuja by up to N25 per litre following Dangote Petroluem Refinery’s latest N25 gantry price cut.
Stakeholders have hailed the role of Gbenga Komolafe in the recent deal, which sealed a Production Sharing agreement for two offshore blocks in the country.
Dangote Refinery’s plan to bypass middlemen with direct petrol supply and free logistics has forced depots to slash prices amid competition for customers.
According to data by the National Bureau of Statistics, the price of cooking gas jumped by 44.51% in July, with a 12.5kg cylinder refill selling at N20,609 in July.
The Dangote Refinery has diversified its crude feedstock, importing Ghana’s Sankofa crude, a medium-sweet grade, into its processing mix to boost production.
Dangote Refinery has intensified its fuel exports to the Middle East, Europe and Asia as global refiners embark on turnaround maintenance and shutdowns.
Compressed Natural Gas (CNG) pump prices have surged to as high as N500 per SCM, narrowing cost advantages over petrol despite government expansion plans.
Nigerians will begin to pay 5% on every fuel purchased beginning from January 2026, in a controversial policy that aims to discourage fossil fuel consumption.
Official data show Nigeria’s petrol consumption dropped 28% in two years as pump prices surged above N800, forcing motorists toward cheaper alternatives like CNG.
The Dangote Petroleum Refinery has ended Nigeria’s decades-long reliance on imported fuel by producing diesel, petrol, and jet fuel for both local use and export.
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