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Aliko Dangote has renewed his legal war against the Nigerian government over fuel imports. The billionaire’s 650,000-barrel-per-day refinery filed a fresh lawsuit at the Federal High Court in Lagos to nullify import permits granted to marketers and the state oil company. The legal challenge targets the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The regulator…
Billions of dollars in rehabilitation contracts and a decades-long search for efficiency have failed to shift former President Olusegun Obasanjo’s conviction that Nigeria’s state-owned refineries are beyond repair. As the Nigerian National Petroleum Company (NNPC) Limited pushes toward a June 2026 deadline to secure technical partners for the Port Harcourt, Warri, and Kaduna facilities,…
The Nigerian National Petroleum Company (NNPC) Limited has significantly scaled its crude supply to the Dangote Oil and Gas Company, delivering over 1.03 million metric tonnes of crude in April 2026. This volume equates to roughly 6.8 million barrels or 1.08 billion litres. Eight major cargoes handled by the NNPC trading arm facilitated this flow,…
The Nigerian National Petroleum Company Limited has increased crude oil supply to the Dangote Petroleum Refinery to seven cargoes for May 2026, up from the five cargoes supplied in previous months, two trade sources and a refinery official told Reuters. The increase follows a directive to prioritise domestic crude supply and comes as the…
On Wednesday, March 4, 2026, the Nigerian National Petroleum Company Limited (NNPC) adjusted its pump price to ₦937 per litre, while major independent marketers like Petrocam and Javy followed suit, pricing the product at ₦935 and ₦930, respectively. The price hike is being driven by the escalating war between the United States, Israel, and Iran,…
The Federal Government has initiated a fresh strategic framework to synchronize domestic gas production with national power requirements. This policy aims to eliminate the persistent supply bottlenecks currently hindering the stability of the national electricity grid. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, officially disclosed this directive during a recent industry summit. The…
The Nigerian National Petroleum Company Limited recently shifted the narrative regarding our nation’s dormant refineries. The Chief Executive Officer, Engr. Bayo Ojulari attributed the persistent failure of these facilities to weak internal operational structures. This admission contradicts the long-standing public belief that insufficient funding stalled the necessary rehabilitation work. Leadership within the state-owned oil firm…
The Dangote Group has officially secured a long-term gas supply agreement with subsidiaries of the NNPC. This landmark pact ensures a steady flow of natural gas to the conglomerate’s massive industrial complex. Specifically, the Nigerian Gas Infrastructure Company will facilitate the delivery of feedstock to the Dangote Refinery. The agreement also covers energy requirements for…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has opened talks to sell stakes in some of its oil and gas assets as part of efforts to optimise its portfolio and attract fresh investment into the energy sector, a Reuters report has revealed. According to an invitation document released on Monday, the state-owned energy firm…
A few days ago, news broke out that the Nigerian National Petroleum Corporation (NNPC) has moved to acquire 20 per cent stake in the 650,000 barrels per day from Dangote Refinery in Lagos. The corporation in a follow-up statement signed by its Group General Manager Group Public Affairs Division, Dr Kennie Obateru explained that the…
