Petrol price cut: Dangote refinery and marketers disagree over reason for drop
Dangote Refinery and Nigerian petroleum marketers have offered differing explanations for the recent drop in petrol prices.
NNPC
P/Harcourt Refinery closure costs Nigeria N366.2bn loss in five months
The shutdown of the Port Harcourt Refinery has cost Nigeria an estimated ₦366.2 billion in five months, highlighting structural inefficiencies and governance issues in public refining operations.
Dangote sets new terms for NNPCL to raise its stake in $20bn refinery
Dangote says NNPCL can only expand its stake in his refinery after it proves its operational capacity.
Dangote to sell 10% refinery stake, aims to boost capacity to 1.4m bpd
Aliko Dangote plans to sell up to 10% of his multi-billion-dollar refinery and double its capacity to make it the world’s largest refining complex.
Reps launch probe into $18bn spent on dead refineries
The House of Representatives has launched a probe into over $18 billion spent on Nigeria’s state-owned refineries, which remain non-functional despite decades of rehabilitation efforts.
Reps to investigate $18bn spent on refineries that remain non-functional
The House of Representatives has ordered a probe into $18 billion reportedly spent on reviving Nigeria’s refineries, which remain non-functional.
Fire guts section of Rivers state secretariat in Port Harcourt
A fire on Monday destroyed part of the Rivers State Secretariat in Port Harcourt, with officials confirming the incident and ongoing firefighting efforts.
Nigeria projects 1.8m barrels per day oil output by year-end – Ojulari
Ojulari says Nigeria’s crude oil production is on track to reach 1.8m barrels per day before year-end after hitting its highest level in five years.
Petrol still N865 despite Dangote’s price cut, free delivery
Despite Dangote Refinery’s logistics-free petrol delivery at N820 per litre, most filling stations continue to sell above N865, frustrating motorists expecting price relief.
NNPC says PENGASSAN strike cuts oil and gas production in Nigeria
NNPC says strike caused 283,000 barrels per day oil loss, 1.7 bscf of gas and over 1,200 MW power shortfall.