Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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Almost All OPEC-member Countries Outside Gulf Have Refinery Problems
Port Harcourt Refinery
By Saidu Abubakar
Checks by the Valuechain have revealed that Nigeria is the most famous case, but not the only OPEC-member nation with dysfunctional refineries. In fact almost all the OPEC-member countries!-->!-->!-->!-->!-->…
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Petrol Costs About N1,959 in Cameroon, N2,070 In Ghana & South Africa,While Nigeria Is N1,430 –…
Lokpobiri
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has compared petrol prices across several countries, saying Nigeria’s average pump price remains lower than figures in Cameroon, Ghana and South!-->!-->!-->…
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NCDMB Deepens Energy Ties with China, Seeks Boost In Manufacturing
The Nigerian Content Development and Monitoring Board (NCDMB) has intensified its drive to attract Chinese investment, technology and manufacturing capacity into Nigeria’s oil and gas industry, engaging more than 100 Chinese Original!-->!-->!-->…
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NMDPRA threatens to revoke licences of fuel stations under-dispensing products
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has directed petroleum retail outlet operators nationwide to immediately calibrate and verify their dispensers and totalisers to stop under-dispensing of!-->!-->!-->…
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Nigeria: NMDPRA Speaks On Petrol Price Rise, Regulatory Action
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is aware of the financial pressure caused by the recent increase in petrol prices, but maintains that it does not fix pump prices under Nigeria's!-->!-->!-->…
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Petrol Price Drops by N24 as Dangote, Lagos Depots Slash Rates
According to a report by Vanguard Newspaper on Wednesday, September 23, the price of petrol has dropped by as much as N24 per litre at several major depots in Lagos, raising expectations that motorists could begin to see lower pump!-->!-->!-->…
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FG targets tougher rules to curb monopoly, market abuse in petroleum sector
According to the Punch Newspapers, the Federal Government has moved to strengthen competition in Nigeria’s midstream and downstream petroleum sector, with the Nigerian Midstream and Downstream Petroleum Regulatory Authority proposing!-->!-->!-->…
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$5 billion swap deal raises questions despite Nigeria’s record $54.6 billion reserves
Bola Tinubu
There is a particular kind of quiet that settles over a shop in Balogun Market when the owner returns from the moneylender.
Consider a textile trader who has just closed the best season of her working life.
The lace is!-->!-->!-->!-->!-->!-->!-->…
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NMDPRA unveils new rules in bid to curb monopoly, market abuse in petroleum sector
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled proposed regulations aimed at curbing monopoly, abuse of market dominance, collusion and other anti-competitive practices in Nigeria’s petroleum!-->!-->!-->…
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UNGA81: Tinubu calls for fresh push to end exploitation of Africa’s mineral resources
President Bola Tinubu has called for a fresh continental push to end the exploitation of Africa’s critical mineral resources.
Tinubu, represented by Vice-President Kashim Shettima, made the call at the third Africa Minerals Strategy!-->!-->!-->!-->!-->…
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