Petrol depot prices have dropped across Lagos, Port Harcourt and Calabar, with Dangote Refinery and major marketers reducing their rates by as much as ₦20 per litre. However, the reductions may not immediately reflect at filling stations. Nigerian motorists may be heading for some relief as petroleum marketers have reduced petrol depot prices across three … Read more
Nigeria’s petrol import rate fell 58.9% from January to September, yet September receipts were 5.7 million litres a day below reported consumption. Here is what the regulator’s figures show—and what they do not prove.
Motorists using the Lekki-Epe Expressway in Lagos should prepare for 35 days of traffic disruption as the state government begins repairs on damaged sections of the busy highway. The rehabilitation will cover sections from Bonny Camp to Admiralty Way Junction and around Victoria Garden City (VGC) in Eti-Osa Local Government Area. The Lagos State Government … Read more
President Bola Tinubu’s administration and former Vice-President Atiku Abubakar have different approaches to reducing petrol prices in Nigeria. While the Federal Government is offering temporary relief through the Nigerian National Petroleum Company Limited (NNPC), Atiku proposes supporting domestic refineries to lower production costs. The debate has gained attention following the government’s 30-day petrol discount and … Read more
Dangote Refinery will continue to face competition from imported petrol after Nigeria’s downstream petroleum regulator approved another 830,000 metric tonnes of Premium Motor Spirit (PMS) imports for six oil marketers. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) issued the latest approvals on September 18, 2026, allowing Matrix Energy, A.A. Rano, AYM Shafa, NIPCO, … Read more
Petrol retail prices have climbed to ₦1,500 per litre in parts of Nigeria as the global increase in crude oil prices triggered by the US-Iran war continues to affect the domestic market. However, there is another side of the story that is hardly told: Nigeria has also made billions of naira in additional oil revenue … Read more
Dangote Petroleum Refinery and Petrochemicals has reduced the gantry price of Automotive Gas Oil (AGO), popularly known as diesel, by N200 per litre in a move that is already reshaping competition within Nigeria’s downstream petroleum sector. The latest adjustment lowers the refinery’s ex-depot diesel price from N1,800 per litre to N1,600 per litre, offering fresh … Read more
Africa’s richest man, Aliko, has finally opened up about why he abandoned his long-standing dream of buying English Premier League club Arsenal FC despite years of public interest in acquiring the North London side. Dangote disclosed that he decided to prioritise the completion of his multi-billion-dollar refinery and industrial projects rather than invest heavily in … Read more
Nigeria’s fuel market may be on the verge of a much-needed breather after Dangote Petroleum Refinery announced a fresh reduction in its ex-gantry petrol price, a move that is expected to ripple across filling stations nationwide and potentially lower pump prices for millions of motorists and businesses. The latest adjustment, which brings the refinery’s ex-gantry … Read more
Petrol prices across Nigeria have surged again, with motorists in major cities now paying up to ₦100 more per litre. The latest increase is already sending shockwaves through household budgets, transport costs, and small businesses. From Lagos to Abuja and beyond, the reality is the same: Nigerians are paying more for fuel at a time … Read more
Petroleum marketers in Nigeria have released fresh depot prices for petrol, triggering renewed concerns among consumers already grappling with rising fuel costs. The updated pricing template follows a recent adjustment by the Dangote Petroleum Refinery, which has once again influenced how much marketers pay to lift Premium Motor Spirit (PMS), commonly known as petrol, across … Read more
In a significant move that may ease pressure on fuel prices nationwide, the Dangote Petroleum Refinery has once again reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol. The new price is now ₦820 per litre, down from the previous ₦940, marking a fresh milestone in the refinery’s ongoing efforts to … Read more