Downstream

Billionaire industrialist and President of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to remove the petrol subsidy, arguing that its elimination would bring transparency to Nigeria's actual fuel…
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President Bola Tinubu has said that the removal of fuel subsidy has helped reduced Nigeria’s petrol daily consumption from several millions of liters to about 30 million liters. He made this statement on Thursday during a meeting…
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The Nigerian National Petroleum Company Limited (NNPC) has authorized major marketers to lift petrol from Dangote Refinery, but independent marketers remain excluded. The new arrangement raises concerns over pricing and access,…
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Olufemi Soneye The daily average production of Utapate, Nigeria’s new low-sulphur crude oil grade, has risen to 32,000 barrels per day, the Federal Government has said. It disclosed this in a report obtained on Wednesday from the…
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A socio-cultural group, Yoruba Stakeholders Assembly, has reacted to the recent misinformation surrounding the pricing of Premium Motor Spirit (PMS) in the country, commending the efforts of the Nigerian National Petroluem Company at…
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A Peoples Democratic Party (PDP) chieftain, Chief Sunny Onuesoke who is the former Delta State gubernatorial aspirant, has faulted the Nigeria National Petroleum Company Limited (NNPC) over what he said is their middleman role in the…
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Afrobeat musician Seun Anikulapo-Kuti has berated President Bola Tinubu over his decision to remove fuel subsidy. He said contrary to the President’s claim that the removal of fuel subsidy was a “tough” decision he made for the…
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The NNPC, on Monday, September 16, released pricing details for petrol, also known as premium motor spirit (PMS), produced by the Dangote Petroleum Refinery. Despite the euphoria that greeted the commencement of activities by the…
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Founder, Dangote Refinery, Aliko Dangote Although Dangote Refinery has started producing and distributing petrol in Nigeria, the Federal Government has said that marketers who have the necessary licence can still import the product. …
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The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says it is suicidal for Dangote Refinery to sell petrol below its production cost. Rewane stated this on Channels Television’s Business…
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