Senate Uncovers $303bn Crude Oil Diversion Under NNPC’s Defunct DSDP Scheme
A Forensic Shockwave in Nigeria’s Oil Heartland Nigeria’s Senate Ad-hoc Committee on Oil Theft has revealed staggering losses from crude oil diversions worth more than......
NNPC
The Tariff Gamble — Inside Tinubu’s 15% Fuel Import Duty and the War for Nigeria’s Refining Future
The Federal Government’s approval of a 15% import tariff on petrol and diesel is reshaping Nigeria’s oil market. Beyond the headlines lies a calculated economic gamble to fortify local refining, restore forex stability, and tilt power away from foreign traders...
Dangote Assures Stable Fuel Prices Despite 15% Import Tariff
The Dangote Group has moved to calm public concern, assuring that fuel prices will remain stable despite the Federal Government’s approval of a 15% import tariff on petrol and diesel....
Dangote Refinery Deploys CNG Trucks as Petrol Prices Rise Nationwide
The Dangote Petroleum Refinery has begun using compressed natural gas (CNG)-powered trucks to distribute petrol at ₦850 per litre, amid nationwide price surges. Market data show retail prices rising to ₦955 per litre in major cities, despite hopes that direct Dangote supply would stabilise costs. The move signals a deepening realignment in Nigeria’s fuel economy....
Petrol Nears ₦1,000/Litre Nationwide as Dangote Refinery Supply Glitch Tightens Market
Petrol prices have surged to as high as ₦1,000 per litre across major Nigerian cities following reported supply disruptions at the Dangote Refinery. Independent marketers blame depot operators for hiking ex-depot prices after the refinery halted loading. The resulting scarcity has sparked panic buying, long queues, and fears of fresh inflationary pressure nationwide....
Dangote vs PENGASSAN: Refinery Strike Fallout Threatens Nigeria’s Energy Security
The PENGASSAN strike against Dangote Refinery shut down crude and gas flows, costing Nigeria 16% of oil output and 20% of power supply before a fragile truce....
NNPC Claims Fuel Subsidy Savings Used to Pay Debt, Not Stolen – World Bank Flags Transparency Gap
Subsidy Funds Not Missing, We Used It for Debt — NNPC Replies World Bank Over ₦500bn Gap ✍️ By: IDNN Policy & Petroleum Economy Desk......
Dangote Refinery Price Slash to Drop Petrol Below ₦900/L Nationwide — Marketers Predict Industry Shock
Fuel marketers predict a petrol price crash to below ₦900/litre following a fresh Dangote Refinery slash, intensifying pressure on competitors and reviving price wars....
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....