Marketers have demanded direct access to Premium Motor Spirit (PMS, also known as petrol or fuel) from the Dangote Refinery, criticising the firm grip of NNPC Limited (NNPCL) on the market. This is as sources said Dangote Refinery would sell its petrol at N766 to NNPCL. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. …

Recently, Olufemi Soneye, the Chief Corporate Communications Officer of the NNPC Limited, utilised his “right-of-reply” privilege to debunk the assertions made by Dr. Muiz Banire, a Senior Advocate of Nigeria (SAN), when he described NNPCL as the “black hole of Nigeria” in his opinion piece. To the best of my knowledge, Banire is not the only person who is concerned …

The Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Petroleum Refinery are wrapping up discussions on crude oil sales by NNPCL to the Dangote refinery in naira and the buy-back of refined petroleum products from the $20 billion plant in naira. Parties in the deal may conclude discussions next week, the Vice President of Oil and Gas at Dangote …

In the months and years ahead, Nigerians and Africans would have a choice of buying refined petroleum products produced on our soil.  In North and West Africa, only Libya and Algeria have functioning refineries.  Nigeria, in the past 20 years, has expended enormous resources in trying to revive its four comatose refineries.  In the last few years, Aliko Dangote and …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the price of Premium Motor Spirit (PMS, popularly known as petrol or fuel) will determine if it will buy from NNPC Limited (NNPCL) or Dangote Petroleum Refinery. According to its National Publicity Secretary, Mr. Ukadike Chinedu, the association is prepared to buy from either Dangote or NNPCL depending on …

No doubt, photographs evoke metaphors, imageries and diverse interpretations. The imagery was evoked in my mind as I read President Bola Tinubu’s remarks during his recent adventure to China. He spoke while addressing Nigerians living in that country. “Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from …

The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the NNPC Limited (NNPCL) to be the sole buyer of its product. In a statement on Saturday by its spokesman, Mr. Olufemi Soneye, NNPC said that it would not buy Dangote fuel unless it was cheaper than that of the international market. This is …

The Nigerian National Petroleum Company Limited (NNPCL) has denied claims that it is responsible for the recent hike in Premium Motor Spirit, commonly called petrol, in the country. The company said the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces, stating that there is no guarantee of lower prices associated …

Traders and commuters in Kano metropolis have expressed worry over the recent hike in the pump price of Premium Motor Spirit (PMS). The News Agency of Nigeria (NAN) reports that NNPCL Retail Management had on Tuesday approved an upward review of the pump price from N617 per litre to N897 litre, effective from 3 September This is amid economic hardship …

There are strong indications that the Nigerian National Petroleum Company Limited (NNPCL) has directed its retail outlets to raise the pump price of petrol to N855 per litre. Nigerians woke up on Tuesday to find a change in pump prices, rising from around N600 to N855 per litre. Sources informed our The PUNCH that there was a directive for retail …