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 …

The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit (PMS), otherwise known as petrol, according to The PUNCH. This is coming a few days after the 650,000-capacity refinery engaged in a test-run of the product. Industry sources confirmed to The PUNCH that the product would hit the market soon. The sources, who pleaded anonymity, …

Unified Nigerian Youth Forum (UNYF), a prominent civil society organization, has described individuals and groups calling for an independent leadership and the sack of the Nigerian National Petroleum Company Limited (NNPCL) CEO, Mele Kyari, as enemies of Nigeria. This is as the group stated that the public disclosure of NNPCL net profit to a tune of N3.297 trillion for the …