Massive Bank Borrowing Hits N3 Trillion as Interest Rates and Fuel Prices Soar
By DAYO ADESULU Nigeria’s leading petroleum marketers have recorded a staggering rise in bank borrowing, with loans surging by 76.5% to over N3.0 trillion in...
Category : Oil and Gas
Dangote Refinery Slashes Petrol Price to ₦890/Litre: What It Means for Marketers & Consumers
By DAYO ADESULU Dangote Refinery Reduces PMS Price to ₦890/Litre Marketers Bear the Brunt as Old Stock Loses Value Why Dangote Took This Bold Step...
Dangote Petroleum Refinery Slashes Petrol Prices: A Game Changer for Nigeria’s Economy
By DAYO ADESULU New Price of N890 per litre Reflects Global Market Trends and Aims to Ease Cost of Living In a significant move for...
[penci_ads id="penci_ads_1"]
Dangote Petroleum Refinery Secures 12 Million Barrels of US Crude Oil Amid Local Supply Challenges
By DAYO ADESULU Strategic Move to Enhance Refinery Operations and Meet Production Goals The Dangote Petroleum Refinery is set to receive a substantial shipment of...
Dangote Petroleum Refinery Awards Scholarships to 473 Students
.. Donates Furniture, Educational Materials to Host Communities Joy and elation enveloped the Idotun Community Junior High School, a suburb of Lekki, on Thursday when...
Dangote Addresses Recent Increase in Petrol Prices
By DAYO ADESULU Dangote Petroleum Refinery has clarified that the recent rise in the ex-depot price of Premium Motor Spirit (PMS) is a direct consequence...
Dangote Refinery Raises Petrol Price to Reflect Rising Global Oil Costs
By LEVI JOHNSON The Dangote Petroleum Refinery has announced an increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, due to...
OPEC: Dangote Refinery Disrupting Europe’s Premium Motor Spirit Market
By DAYO ADESULU The Organisation of the Petroleum Exporting Countries (OPEC) has acknowledged the significant impact of the Dangote Petroleum Refinery on the global Premium...
Nigeria’s Oil Production Rises Despite Challenges
By DAYO ADESULU Year-on-Year Increase in Production Nigeria’s daily average oil production rose by 7.38% in December 2024, reaching 1.667 million barrels per day (bpd)...
Dangote Refinery Resumes U.S. Crude Purchases Amid Rising Oil Production Goals
By DAYO ADESULU Lagos, Nigeria – The Dangote Petroleum Refinery has restarted the importation of crude oil from the United States after a three-month pause,...