Petrol prices may drop as Dangote Refinery resumes naira sales at N865

“We are relieved, although it’s a mixed one… Some of us who bought and haven’t exhausted our stock are now selling at a loss—it’s a huge loss,” said IPMAN’s Chinedu Ukadike.
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Comment 0 0 Embed April 11, 2025 at 6:26 am

Fuel prices may drop as FG restores naira-for-crude deal

The initiative, which allows local refineries to purchase crude in naira, was reaffirmed by the Federal Executive Council on Wednesday as a long-term measure to boost domestic refining and reduce forex pressure.
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Comment 0 0 Embed April 10, 2025 at 7:11 am

FG doubles down on Crude-for-Naira deal

Key stakeholders, including representatives from the Central Bank of Nigeria and NNPC, participated in the meeting, where they discussed progress and addressed challenges. The government remains focused on leveraging strategic fiscal measures to...
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Comment 0 0 Embed April 9, 2025 at 3:31 pm

Why Nigerians pay more for fuel as global oil prices fall – Refinery owners explain

“The price will continue to rise because these middlemen are the elements that want to see that local refining is not sustained. "
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Comment 0 0 Embed April 7, 2025 at 12:07 pm