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Nigeria

Dangote Refinery Says Price Cut Prompted Reduction in Pump Prices

Dangote Petroleum Refinery has clarified that the recent reduction in pump prices by oil marketers was driven primarily by its own cut in PMS gantry and coastal prices—not by a reversal of the Federal Government’s 15% import tariff. In a statement, the refinery described reports linking the price adjustment to government policy as “false, misleading, and inconsistent with market dynamics.” On November 6, Dangote cut its PMS gantry price from ₦877 to ₦828 per litre (down 5.6%) and its coastal price from ₦854 to ₦806 per litre. These changes, implemented ahead of wider market adjustments, were publicly announced across leading media outlets. Dangote emphasized its role in ending seasonal fuel scarcity, citing repeated price reductions, absorption of logistics costs, and a long-standing commitment to nationwide price uniformity. The refinery also condemned the practice of importing substandard fuel, which it said […]

Abdulmumini Auwal SA November 17, 2025

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Nigeria

 NNPCL Launches Health Insurance for Retail Attendants Nationwide

The Nigerian National Petroleum Company Limited (NNPCL) has announced the launch of a nationwide health insurance scheme for its retail station attendants. This initiative is part of NNPCL’s wider commitment to improving the welfare and healthcare access of frontline staff working in its petroleum retail outlets across Nigeria. Unveiled in a recent ceremony, the health insurance plan is designed to cover the medical needs of thousands of retail workers, offering essential healthcare benefits and reducing the financial burden of unexpected illness or injury. NNPCL’s management emphasized that the scheme underscores the company’s dedication to staff well-being and aligns with its broader goal of corporate social responsibility. The move has been widely lauded by industry watchers and labor groups, who see it as a positive step towards advancing the rights and welfare of employees in Nigeria’s oil and gas sector. Stakeholders […]

Abdulmumini Auwal SA November 16, 2025

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Nigeria

Nigeria’s oil production to rise, says NUPRC

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has expressed optimism that Nigeria’s crude oil production will soon receive a significant boost following the completion of a new offshore production facility. Komolafe made this known in a statement issued on Thursday by the Commission’s Head of Media and Strategic Communications, Eniola Akinkuotu, after an official visit to Dubai Drydocks World in the United Arab Emirates. The visit was part of the Commission’s regulatory oversight to assess the EMEM Floating Production Storage and Offloading (FPSO) vessel’s readiness for deployment to Nigerian waters. According to the statement, the EMEM FPSO is being converted for Oriental Energy Resources Limited and will be deployed to the Okwok Field, operated by Oriental Okwok Limited, offshore Nigeria. During a four-hour inspection, the NUPRC boss examined critical facilities, including the Oil and […]

Abdulmumini Auwal SA November 6, 2025

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Nigeria

Dangote Refinery to expand capacity from 650,000 to 1.4 million barrels daily

The Dangote Petroleum Refinery has unveiled plans to expand its production capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, a move that will make it the largest refinery in the world once completed. President of the Dangote Group, Alhaji Aliko Dangote, announced the development during a press briefing in Lagos on Sunday, stating that the expansion work will commence immediately. According to Dangote, the project will position the refinery ahead of India’s Jamnagar Refinery, which currently holds the title of the world’s largest. “We are expanding the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million barrels per day. Upon completion, this will make it the largest refinery in the world, surpassing the Jamnagar Refinery in India,” Dangote said. He explained that the expansion project will create about 65,000 jobs, with 85 percent reserved for […]

Abdulmumini Auwal SA October 26, 2025

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Nigeria

Tinubu Hails GEIL for Pioneering New Crude Export Terminal

President Bola Ahmed Tinubu has commended Green Energy International Limited (GEIL) for setting a new benchmark in Nigeria’s oil and gas sector with the successful commissioning of its crude oil export terminal in Otakikpo, Rivers State. The terminal, the first built by a Nigerian company and the only one constructed in the country in over five decades, marks a major milestone in Nigeria’s quest to boost crude oil production and enhance local participation in the energy industry. According to the President, the new export facility will provide an efficient evacuation route for marginal and stranded oil fields across the Niger Delta region. This, he said, will unlock billions of barrels of reserves, drive investment, and create significant economic value — key priorities of his administration. Speaking through the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, President Tinubu […]

Abdulmumini Auwal SA October 12, 2025

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