The President of the Dangote Industries Limited (DIL), Aliko Dangote, has called on the House of Representatives to investigate the quality of diesel and petrol at filling stations. Dangote made the call yesterday when he received the leadership of the House of Representatives led by Speaker Tajudeen Abbas and his deputy Benjamin Kalu in his refinery located at Ibeju-Lekki, Lagos. …

The importation of refined petroleum products into Nigeria is going to continue alongside the production of the commodities by the Dangote Petroleum Refinery to prevent monopoly and ensure energy security, the Federal Government has declared. It warned against being over-dependent on the $20 billion refinery located in the Lekki Free Zone in Lagos, stressing that the demand by the refinery …

The landing cost of Premium Motor Spirit (also known as petrol) was N1,117/litre as of Tuesday, according to the Major Energies Marketers Association of Nigeria (MEMAN). During a webinar with journalists on Wednesday, MEMAN revealed that the landing cost of diesel was N1,157/litre, while that of aviation fuel was N1,127/litre. The N1,117 landing cost of petrol is far above the pump …

The National Assembly has thrown its weight behind NNPC Limited’s ongoing efforts to boost crude oil production and grow its reserves, saying it will consider stiffer consequences for crude oil thieves and vandals of the nation’s critical hydrocarbon infrastructure. According to a statement by the Chief Corporate Communications Officer NNPC Limited, Mr. Olufemi Soneye on Tuesday, after the National Assembly’s …

The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari on Tuesday said President Bola Tinubu has given marching orders to the Chief of Defence Staff, General Christopher Musa, to curb oil theft and vandalism in the Niger Delta region within the shortest possible time. According to him, the menace has become a national issue that needs …

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation no longer owns a 20 per cent stake in the refinery. Dangote said this while briefing journalists in Lagos State on Sunday. He said, “NNPC no longer owns a 20% stake in the Dangote refinery. They were met to pay their balance in …

Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, Bloomberg reported on Friday. It said this would add to the large number of overseas barrels of crude feedstock that the Nigerian firm was importing. Indigenous crude oil refiners, including Dangote refinery and modular refineries, as well as local crude producers have repeatedly raised concerns about the low …

The Federal Government and crude oil producers in the country have committed to working towards a sustainable supply of crude oil to local refineries under a market-determined pricing system, according to statement on Wednesday by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC). The commission said that the aim is to ensure that while the operators do business optimally, the refineries …

A fresh oil spill has hit the Bodo community in the Gokana Local Government Area of Rivers State, destroying farmlands. It was learnt that the oil spillage occurred on Thursday from a pipeline belonging to Shell Petroleum Development Company. This came barely two months after a similar incident occurred along the pipeline at different locations in the area. One of …

The Nigerian National Petroleum Corporation Retail Limited has denied allegations circulating on social media about a fuel pump attendant coercing customers to purchase lubricants or engine oil as a prerequisite for buying petrol. In a statement signed on Sunday, the Chief Corporate Communications Officer of NNPC Ltd. Olufemi Soneye, clarified the situation, stating, “The attention of NNPC Retail Limited has …