Nigeria’s oil and gas pipelines, managed primarily by the Nigerian National Petroleum Company Limited (NNPCL), are critical to the nation’s economy.However, repeated incidents of pipeline vandalism and oil theft have cost the nation trillions of naira. (Tinubu,NNPCL must act fast!) President Bola Ahmed Tinubu’s administration…
In a move that’s likely to spark renewed competition in Nigeria’s downstream sector, Dangote Refinery has once again slashed the ex-depot price of Premium Motor Spirit (PMS) to ₦835 per litre. This latest pricing update, effective Wednesday, 16 April 2025, comes amid volatile global oil…
The retail price of Premium Motor Spirit (PMS), also known as petrol, has reached a staggering ₦1,000 per litre across most filling stations in Nigeria’s Northeast and Northwest regions. This price surge is deepening economic woes and intensifying security concerns in areas already grappling with…
Nigeria has seen a major drop in petrol imports as local refineries begin to meet more of the country’s fuel demand, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said on Tuesday. Speaking during a press briefing in Abuja, NMDPRA’s Chief Executive Officer, Farouk…
In a world where energy costs are rising and putting immense pressure on businesses and households, Nigeria has emerged as…
The average motorist in Nigeria may not realize it, but petrol pump fraud is more widespread than you’d expect, and…
Nigeria’s oil and gas pipelines, managed primarily by the Nigerian National Petroleum Company Limited (NNPCL), are critical to the nation’s…
As of Friday and Saturday, 18th and 19th April 2025, Nigeria’s downstream sector saw a spike in major vessel traffic,…
Oil prices are poised to log their first weekly gain in three weeks, bolstered by supply-side developments and improved macro…
As of today 17th April 2025, two major PMS tankers, AMIF and Front Capella were recorded at Lagos ports, with…
Oil prices are slowly recovering from a steep dive triggered by U.S. President Donald Trump’s aggressive global tariff campaign. Brent…
Nigeria’s oil and gas pipelines, managed primarily by the Nigerian National Petroleum Company Limited (NNPCL), are critical to the nation’s…
INTERNATIONAL MARKET
Crude oil prices ticked upward on Thursday, buoyed by renewed market optimism despite a backdrop of uncertainty involving U.S.-Iran diplomacy, global trade tensions, and evolving OPEC+…
Crude oil prices dipped slightly today, April 24, 2025. According to Oilprice.com: Big drop on April 23On Wednesday, Brent crude fell nearly 3% to $65.60, while…
TRENDING
The average motorist in Nigeria may not realize it, but petrol pump…
As global oil markets react to deepening trade tensions and weakening demand…
As Nigeria’s downstream sector grapples with persistent supply chain challenges, fuel prices…
