Cooking gas price drops 39% as NLNG seeks action to sustain relief
The price of cooking gas has dropped by 39 per cent nationwide, falling to between N1,100 and N1,650 per kilogramme as increased supply provides relief to consumers. The reduction followed Federal Government interventions that increased national…
Crude Oil Rises Above $90 As US-Iran Tensions Renew Supply Fears
According to a report by Vanguard on August 31, 2026, crude oil prices climbed above $90 per barrel on Monday after renewed military exchanges between the United States and Iran increased concerns about possible disruptions to global energy supplies.…
Fuel Is 1,300, Nigerians Need 130k To Fill 100 Litre Tank In Nation Where Minimum Wage Is 70k — Okonkwo
In a recent statement via his official X account on Monday August 31, 2026, Kenneth Okonkwo, a spokesperson for the African Democratic Congress (ADC) presidential campaign of Atiku Abubakar, has called for stronger support for local refineries to…
Dangote Breaks Silence On Third Petrol Price Hike In 8 Days As Pump Price Nears N1,400/Litre
According to a report by PUNCH on Monday 31 August 2026, this is the third price change announced by the Dangote Petroleum Refinery in the past eight days, and the refinery has now provided an explanation for its most recent petrol price hike.…
FCT Motorists Lament Rising Petrol Prices As Stations Adjust Pump Rates
Some motorists in the Federal Capital Territory (FCT) have expressed concern over the rising pump price of Premium Motor Spirit (PMS), popularly known as petrol. Dangote Refinery increased its gantry price from N1,165 per litre to N1,185, N1,200 and…
Domestic refining should be the foundation of Nigeria’s fuel supply — Prof Iledare
Renowned Professor of Petroleum Economics, Wumi Iledare, has said domestic refining should serve as the foundation of Nigeria’s fuel supply. This approach, according to him, will enhance energy security, reduce vulnerability to foreign exchange…
Nestoil Deploys Indigenous Rig, Boosts Oil Output From OML 42
Nestoil Group has completed workover operations on two producing wells in Oil Mining Lease (OML) 42, using an entirely Nigerian-crewed drilling rig, in a move aimed at increasing crude oil production from the asset. The company said the successful…
Dangote Refinery Warns It May Export Petrol As Imports Rise
According to a report by The Punch on Thursday, August 27, 2026, the Dangote Petroleum Refinery has warned that it may continue exporting excess petrol as rising imports create uncertainty over demand in Nigeria’s domestic market. According to the…
NMDPRA Pledges Faster Regulation To Drive Investment, Industrial Growth
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has pledged to deepen regulatory certainty and accelerate its processes to attract investment, strengthen energy security and support sustainable employment in Nigeria’s…
Crude Imports By Domestic Refineries Jump 151.5% In July — NMDPRA
Crude oil imports by domestic refineries rose by 151.5 per cent to 5.13 million barrels in July 2026, from 2.04 million barrels recorded in June, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. The…