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NIGERIA’S RELIANCE ON LOCAL CRUDE RISES AS IMPORTS DROP IN APRIL By: Safiya Abdulrahim Dabban Nigeria recorded a sharp decline in crude oil imports for domestic refining in April 2026, as local crude supply continued to dominate refinery operations across the country.
DANGOTE REJECTS NNPC’S MOVE TO ACQUIRE MORE SHARES IN REFINERY By:.Safiya Abdulrahim Dabban President of Dangote Group, Alhaji Aliko Dangote, has revealed that the company turned down attempts by the Nigerian National Petroleum Company (NNPC) Limited to increase its stake in the
NUPENG FLAGS RISING JOB LOSSES, RIGHTS VIOLATIONS IN OIL SECTOR By: Safiya Abdulrahim Dabban The Nigeria Union of Petroleum and Natural Gas Workers has raised concerns over increasing job losses and alleged suppression of workers’ rights in Nigeria’s oil and gas industry.
FILLING STATION EXPLOSION KILLS TWO, INJURES THREE IN PLATEAU By: Safiya Abdulrahim Dabban Two persons have been confirmed dead and three others injured following an explosion at a filling station in Daffo District, Bokkos Local Government Area of Plateau State. The Plateau
OIL SURGES ABOVE $100 AS IRAN WAR ESCALATES By: Safiya Abdulrahim Dabban Global oil prices rose above $100 a barrel as the war involving Iran entered its third week, raising fears of supply disruption in the key Strait of Hormuz. Crude prices
TINUBU ORDERS DIRECT REMITTANCE OF OIL, GAS REVENUES TO FEDERATION ACCOUNT By: Safiya Abdulrahim Dabban Bola Ahmed Tinubu has signed a sweeping Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, aiming to plug leakages, boost
DANGOTE REFINERY CAN SUPPLY FUEL ABOVE NIGERIA’S DEMAND By: Safiya Abdulrahim Dabban Dangote Petroleum Refinery has confirmed it can supply 75 million litres of petrol, 25 million litres of diesel, and 20 million litres of aviation fuel daily, well above Nigeria’s estimated
NNPCL RAISES PETROL PRICE IN LAGOS, ABUJA By: Safiya Abdulrahim Dabban NNPC Limited has increased the pump price of petrol to ₦835 per litre in Lagos and ₦839 per litre in Abuja following adjustments across its retail outlets. The new prices reflect
DANGOTE REFINERY SLASHES PETROL PRICE TO ₦699 PER LITRE By: Safiya Abdulrahim Dabban Dangote Petroleum Refinery has cut its petrol price from ₦828 to ₦699 per litre, a drop of ₦129, or about 16%. The new rate takes effect from December 11,
FG LAUNCHES GAS TRADING LICENSE PLATFORM By: Safiya Abdulrahim Dabban The Federal Government has unveiled the Gas Trading License, Clearing House & Settlement Authorisation platform to boost transparency and efficiency in Nigeria’s gas market. Minister of State for Petroleum Resources (Gas), Ekperikpe