
Nigerian National Petroleum Corporation (NNPC)







The Nigerian National Petroleum Company (NNPC) Limited's retail division has announced new stations in the states amid ongoing price competition with Dangote.

Shell Petroleum Development Company (SPDC) has completed its $2.4 billion asset sale to the Renaissance Group, exiting Nigeria's onshore oil and gas sector.

The Dangote Refinery has quietly lowered its petrol prices again from N825 to N815 at its loading gantry following the crash in petrol landing costs.

Participants at the recently concluded Nigeria Energy Week (NOG) have harped on ensuring a robust oil production to ensure that Nigeria is energy-strong.

The Dangote Petroleum Refinery is nearing full production capacity and in need of crude oil and has begin discussing with the NNPCL for anew deal.

The Dangote Refinery has reportedly lost about N32.5 billion as it lowered petrol prices twice in February, leading to petroleum product marketers lamenting.

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have suggested to the government to step in over the price of fuel in the country.

The National Bureau of Statistics has revealed that the federal government of Nigeria made over N55 trillion from crude oil sales from January to December.

While the naira-for-crude renegotiations are still ongoing, Dangote Refinery is not slacking and has moved ahead to source from international suppliers.
Nigerian National Petroleum Corporation (NNPC)
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