The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Nigeria’s petrol market is showing a sharp reversal after months of declining dependence on imported fuel, with new regulatory data showing that imports accounted for 43.3 per cent of petrol receipts in July 2026, even as the country’s largest refinery had demonstrated the capacity to process more than its original design level. The latest…
Nigeria’s local petrol production fell for a second consecutive month in July 2026, sliding to its lowest level this year and pulling the country back towards the fuel imports that the Dangote refinery was expected to displace. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, showed that average daily petrol supply…
Global oil prices slipped below $80 a barrel as energy traders bet on a diplomatic breakthrough between Washington and Tehran. Brent crude fell to three-month lows following signs of an impending deal and the reopening of the Strait of Hormuz. Traders stripped away the heavy geopolitical risk premium that previously inflated energy costs. Additional crude…
Nigerian motorists and commuters are facing a severe cost-of-living squeeze as retail petrol prices climbed to fourteen hundred naira per litre across major cities. The surge follows a sharp rally in global benchmark crude prices driven by escalating conflict in the Middle East. Rising international oil prices forced domestic refiners and private importers to hike…
Brent crude closed above $100 a barrel on Thursday for the first time since late May, after Iran aligned Houthi fighters struck Saudi oil tankers in the Red Sea and opened a second maritime front in a conflict that has already crippled traffic through the Strait of Hormuz. The international benchmark settled 7 percent…
Dangote Petroleum Refinery has resumed gantry loading of petrol in local currency after a week-long suspension. The facility simultaneously increased its ex-depot price by N141 to N1215 per litre. The thirteen per cent price hike will immediately force filling stations to adjust pump rates upward across the country. Customer notices reveal that all outstanding, uncollected…
Petroleum marketers returned to naira transactions at the Dangote Petroleum Refinery on Wednesday after a week of dollar denominated pricing that unsettled Nigeria’s downstream market, but the relief arrived with a higher bill, as the refinery lifted its ex depot petrol price by N140 per litre. A notice issued by the refinery’s commercial department,…
Private petroleum depots have resumed loading petrol and diesel after a week-long operational hiatus triggered by market volatility and price recalibrations. The Independent Petroleum Marketers Association of Nigeria confirmed on Tuesday that depot operators reopened gantries following temporary shutdowns to adjust wholesale prices. Operators halted operations to recalculate replacement costs and demand top-up payments on…
Fuel marketers have resumed lifting petrol and diesel from private depots across the country after nearly a week of disrupted loading, even as ex depot prices climbed again in Lagos and moved unevenly in other coastal hubs, signalling that the volatility unleashed by Dangote Petroleum Refinery’s shift to dollar pricing is far from over….
Nigeria’s daily petrol imports surged by 207 per cent in June, reversing months of steady progress toward domestic energy self-sufficiency. Fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority reveals that daily foreign fuel receipts jumped to 18.1 million litres, up from 5.9 million litres in May. The massive influx of offshore fuel…