Oil Above $106 Raises Petrol Pressure as NNPC Discount Faces Subsidy Questions
The government says NNPC’s temporary petrol discount is funded by foregone retail margin, not restored subsidy, as crude above $106 increases market pressure....
Crude Oil
Dangote, marketers cut petrol depot prices as crude eases below $100
Dangote Refinery cut its Lagos PMS depot price from ₦1,350 to ₦1,325 per litre, while other marketers also reduced prices. The next test is whether lower wholesale prices reach motorists at the pump....
NNPCL Targets 1.8 Million Barrels Per Day as Nigeria’s Oil Output Rebounds
Nigeria’s crude oil production is on track to hit 1.8 million barrels per day by December 2025, the highest in five years, following reforms and conflict resolution in the energy sector. The Nigerian National Petroleum Company Limited (NNPCL) says the rebound reflects renewed investor confidence and operational stability....
Dangote, NNPC Pledge Strategic Synergy to Power Nigeria’s Energy Future
Dangote and NNPC’s new CEO agree to drive synergy in refining and energy development after months of strained ties....