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NNPC Ends Fuel Imports, Focuses on Dangote Refinery to Meet Local Demand

The Nigerian National Petroleum Company Limited (NNPC) announced an end to decades of fuel importation, declaring its shift to sourcing all petroleum products domestically from the 650,000 barrels per day Dangote Refinery in Lagos. The move, expected to save Nigeria approximately $10 billion annually, was announced by NNPC’s Group Chief Executive Officer, Mele Kyari, at […]

Petrol Price Battle: PETROAN Claims Dangote’s High Prices Harm Market Competition

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused Dangote Refinery of attempting to suppress competition in the downstream sector. PETROAN’s accusation follows Dangote Refinery’s recent statement that marketers criticising its petrol prices only sought to import lower-quality products at reduced prices. According to Channels TV, Dangote Refinery disclosed on Sunday that […]

Dangote Group to Withdraw ₦100bn Lawsuit as Conciliatory Talks Progress

In a surprising development, the Dangote Group has announced plans to withdraw its ₦100bn lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The suit had been filed in opposition to the granting of import licences to the Nigerian National Petroleum Company Limited (NNPCL), Matrix Petroleum Services Limited, AA Rano Limited, and four […]

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