MSM Group chairman has revealed that his company discovered a large oil reserve worth $15bn and that the NNPC Limited was not even aware of its existence.
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- Kerosene price in Nigeria ranked 12th cheapest worldwide
- Nigeria’s oil output hits 12-month High at 1.71m bpd, boosting naira and reserves
- Petrol price hike looms as global crude hits $70, depots adjust Nigeria rates
- Fuel Distribution: Dangote receives 1,000 trucks, set to begin direct supply from South-West
- FG, marketers' deadlock stalls Dangote Refinery’s fuel distribution plan
Energy Latest News
Dangote, foreign refineries buy over N300 billion worth of crude oil from NNPCL in 3 months
The NNPCL made N336.37 billion from crude oil sales in the first quarter of 2025. Over 32% of these sales were made to the Dangote Petroleum Refinery.
Firm opens new filling stations, sells petrol cheaper than Dangote, NNPC rates
Nigerians now have another option to buy fuel as Dangote’s licensed marketer opens two new fuel stations, selling at a rate lower than that most stations.
Dangote refinery releases new fuel prices for all partner filling stations nationwide
Dangote Petroleum Refinery has cut the prices of petrol at its six partner filling stations, promising to make fuel more affordable for Nigerians.
NNPC, Dangote’s new fuel costs place Nigeria among countries with cheapest petrol prices
The new petrol prices from the Dangote Refinery and NNPC Limited have helped rank Nigeria among the countries with the lowest fuel prices in the world.
Lists of key issues as FG announces plan to investigate NNPC's dealings under Mele Kyari
Wale Edun, Nigeria’s Finance Minister and Coordinating Minister for the Economy has announced ongoing investigation of Nigerian National Petroleum Company Limited.
Fresh competition emerges for NNPC, others as another company prepares to sell fuel to Nigerians
Bellazir Energy will be the latest entrant into Nigeria’s downstream market, bringing competition to other players in the country’s oil and gas industry.
60 million barrels of Nigerian crude are stranded as key buyer dumps Nigeria for another country
About 60 million barrels of Nigeria's crude oil are currently stranded and floating at high seas with no buyers, while Indonesia, a top buyer, turns to the US.
Economy at risk as Nigeria’s biggest crude oil buyer turns to another country
Indonesia, one of Nigeria's key crude oil buyers, has concluded plans to reduce purchases from Nigeria and increase its imports from the US to avert tariff.
More competition as petrol landing cost drops, Dangote Refinery, NNPC announce new pump prices
The price war between the Dangote refinery and Nigerian National Petroleum Company Limited is set to get better as cost of importing petrol in Nigeria drops.
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