By NINI NDUONOFIT-AKOH AS global oil prices continue to slide, now hovering around $64 per barrel, Nigeria’s economy faces mounting pressure due to its heavy dependence on crude exports. The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has proactively introduced a series of measures aimed at cushioning the economy, maintaining […]
By OBIOMA TORI THE Major Energies Marketers Association of Nigeria (MEMAN) has called on the Federal Government to review the newly approved 15 percent ad-valorem tariff on imported petrol and diesel, describing it as excessive and potentially harmful to the economy. MEMAN Chief Executive Officer, Clement Isong, made the appeal during a webinar co-hosted by […]
By ESTHER McWILLIS-IKHIDE AS Nigeria prepares to implement a 15% tariff on imported petrol and diesel, the Dangote Refinery has assured that it produces enough fuel to meet the country’s demand. Anthony Chiejina, Chief Branding and Communications Officer of Dangote Industries Limited, said the refinery loads over 45 million litres of petrol and 25 million […]
By NINI NDUONOFIT-AKOH TENSION is quietly building across Nigeria as the depot price of Premium Motor Spirit (PMS), popularly known as petrol, climbed to ₦889 per litre this week — a fresh record that has left consumers and marketers uneasy ahead of the government’s planned 15 percent fuel tax. According to depot data obtained yesterday, […]
By ESTHER McWILLIS-IKHIDE NIGERIA’S fuel prices may soon cross the ₦1,000-per-litre mark following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on Premium Motor Spirit (PMS). The new tariff, which takes effect after a 30-day transition period ending 21 November 2025, is part of the Federal Government’s plan to protect local […]
By ESTHER McWILLIS-IKHIDE THE Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has called on the Federal Government to urgently upgrade the nation’s decaying energy infrastructure, warning that outdated pipelines, congested ports, and poor logistics could undermine Nigeria’s refining gains. DAPPMAN Chairperson, Mrs. Moroti Adedoyin-Adeyinka, made the appeal on Wednesday during the OTL Africa […]
By ESTHER McWILLIS-IKHIDE PIPELINE Infrastructure Nigeria Limited (PINL) has announced the expansion of its oil and gas surveillance operations “pro bono” to cover all facilities near the Trans Niger Pipeline (TNP), in what it described as a commitment to national development and energy security. Speaking at a stakeholder meeting with TNP host communities in Bayelsa, […]
By ESTHER McWILLIS-IKHIDE Dangote Refinery Expansion Sparks Optimism for Nigeria’s Energy Future NIGERIA is on the cusp of a new industrial revolution as the Dangote Refinery embarks on an ambitious expansion to increase its crude oil processing capacity from 650,000 barrels per day (bpd) to a staggering 1.4 million bpd. Industry watchers say the move […]
By ESTHER McWILLIS-IKHIDE DANGOTE Industries Limited has dismissed reports of petrol scarcity, price hikes, and disputes with PENGASSAN. Vice President Devakumar Edwin said the refinery currently holds 312 million litres of PMS ready for loading and can meet Nigeria’s fuel demand. He noted that the refinery also exports about 50% of its products to countries […]
By NINI NDUONOFIT-AKOH & ESTHER McWILLIS-IKHIDE ENERGY expert Fatai Quadri says Nigeria is strengthening its climate action through methane reduction and clean energy initiatives. Quadri, CEO of Alfa Designs Nigeria Ltd., noted that the country’s participation in global partnerships such as the OGMP 2.0 and the Global Methane Pledge reflects its deepening environmental commitment. He […]