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Nigeria

Crude Oil Imports Hit Record High as Dangote Refinery Reshapes Nigeria’s Trade Flow

Nigeria’s crude oil imports surged by 26.5% in the first half of 2025, reaching 5,665,602 metric tons, compared to 4,478,413 metric tons in the same period of 2024, according to fresh data from the Nigerian Ports Authority (NPA). The rise has been largely attributed to the 650,000 barrels per day Dangote Petroleum Refinery, which has been sourcing crude oil from countries including the United States, Brazil, Angola, and Equatorial Guinea. Financial Vanguard’s quarterly analysis shows a mixed trend: Q1 2025: Imports dropped to 2,400,553 MT, down 30% from Q1 2024 (3,037,209 MT). Q2 2025: Imports spiked to 3,265,099 MT, a 126% increase compared to Q2 2024 (1,441,204 MT). The Dangote Refinery, which began refining diesel and aviation fuel in January 2024, has since become a key player in both domestic and global energy trade, exporting petroleum products while importing crude […]

Abdulmumini Auwal SA September 22, 2025

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NORTH EAST

Fuel Shortage in Damongo Worsens Despite NPA Promises.

Motorists and businesses in Damongo, the capital of the Savannah Region, are grappling with a persistent fuel shortage, despite recent assurances from the National Petroleum Authority (NPA) about normalizing supplies.A Sunday night survey revealed that only two out of five fuel stations—Zen and Dukes—had petrol and diesel in stock. Other stations, like Petrosol and Nasona, are still awaiting deliveries, with their managers reportedly in Accra to secure fuel supplies.Sofo Danjemah, a sawmill operator, expressed his frustration, noting that the uncertainty forced him to stockpile petrol. Meanwhile, some transport operators have resorted to sourcing fuel from Tamale to stay operational.If the situation remains unresolved by Tuesday, businesses in the region could face severe disruptions.

Edem 4Style January 14, 2025

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Ahafo

Fuel Prices Skyrocket in Ghana, Sparking Public Outcry.

Fuel prices in Ghana have surged dramatically, causing widespread concern among citizens and businesses alike. The National Petroleum Authority (NPA) announced the increase following global oil market fluctuations, which have seen crude oil prices rise due to geopolitical tensions and supply chain disruptions.As of this week, the price for a litre of petrol has risen by nearly 10%, now standing at GHS 15.50 per litre, while diesel has shot up to GHS 17.30 per litre. This marks one of the steepest increases in recent months and has triggered reactions from transport unions, market vendors, and consumers across the country.Transport operators, including the Ghana Private Road Transport Union (GPRTU), have already hinted at possible fare hikes, as their operational costs have become unsustainable. Many Ghanaians fear that this will further worsen the cost of living, as fuel price increases typically result […]

Edem 4Style October 18, 2024

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