Oil & Gas

Feb
11
2026
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By Abia ThinkTank
Port Harcourt Refinery Ready To Resume Operations- PENGASSAN

Port Harcourt Refinery Ready To Resume Operations- PENGASSAN

Business, Economy, News Flash, Oil & Gas
Port Harcourt Refinery Ready To Resume Operations — PENGASSAN The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said the old Port Harcourt Refinery has been rehabilitated to about 90 per cent and could resume operations within one week if the Nigerian National Petroleum Company Limited (NNPC Ltd) approves its restart. The PENGASSAN President, Mr Festus Osifo, disclosed this on Tuesday while speaking on Channels Television’s The Morning Brief. His remarks come amid renewed debate over the future of Nigeria’s state-owned refineries, following comments by NNPC Ltd’s Group Chief Executive Officer, Bayo Ojulari, who described the reopening…
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Feb
11
2026
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By Abia ThinkTank
Dangote Refinery Slashes Petrol Price To N774 Per Litre

Dangote Refinery Slashes Petrol Price To N774 Per Litre

Business, News Flash, Oil & Gas
Dangote Refinery Slashes Petrol Price To N774 Per Litre Dangote Petroleum Refinery has reduced its Premium Motor Spirit gantry price by N25 per litre, lowering its ex-depot rate from N799 to N774 per litre in what industry analysts describe as a strategic price recalibration amid evolving market dynamics in 2026. The refinery communicated the price adjustment to marketers on Tuesday, noting that the new rate takes immediate effect. In a notice issued by its Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE stated, “This is to notify you of a change in our PMS gantry price from N799…
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Dec
17
2025
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By Abia ThinkTank
NMDPRA Boss, Farouk Ahmed, NUPRC Chief, Komolafe Resigns Amid Face-Off With Dangote

NMDPRA Boss, Farouk Ahmed, NUPRC Chief, Komolafe Resigns Amid Face-Off With Dangote

Economy, News Flash, Oil & Gas
NMDPRA Boss, Farouk Ahmed, NUPRC Chief, Komolafe Resign Amid Face-off With Dangote Farouk Ahmed has resigned as Chief Executive of the NMDPRA. Also, Gbenga Komolafe has stepped down from his position as Chief Executive of the NUPRC. Both officials were appointed in 2021 by former President Muhammadu Buhari after the enactment of the Petroleum Industry Act. The development was disclosed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. STATE PRESS RELEASEEngineers Farouk Ahmed, Gbenga Komolafe resign, President Tinubu nominates successors to the Senate for approval. President Bola Ahmed Tinubu has asked the Senate…
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Dec
17
2025
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By Abia ThinkTank
NMDPRA Boss, Farouk Ahmed, Finally Responds To Dangote’s Allegation

NMDPRA Boss, Farouk Ahmed, Finally Responds To Dangote’s Allegation

Columns/Opinions/Letters, Human Rights, News Flash, Oil & Gas
NMDPRA Boss, Farouk Ahmed, Finally Responds To Dangote’s Allegation The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has responded to recent claims regarding the financing of his children’s education and his integrity in office, insisting that the allegations are misleading and ill-timed. In a detailed statement, Ahmed said the allegations “necessitated this response, not because I fear scrutiny of my finances, which I welcome, but because the timing and nature of these claims demand context that only three decades of public service can provide.” Ahmed highlighted his career in Nigeria’s petroleum…
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Dec
15
2025
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By Abia ThinkTank
Filling Stations To Sell Petrol At N739 From Tuesday – Dangote

Filling Stations To Sell Petrol At N739 From Tuesday – Dangote

News Flash, Economy, Oil & Gas
Filling Stations To Sale Petrol At N739 From Tuesday – Dangote Barring any last-minute change, MRS and other partners of the Dangote Petroleum Refinery are set to begin selling petrol at N739 per litre. This comes two days after the refinery slashed its petrol gantry price from N828 to N699 per litre. Speaking at a press briefing at the Lekki refinery on Sunday, the President of the Dangote Group, Alhaji Aliko Dangote, said he was aware that despite lower gantry prices, some filling stations often choose to keep pump prices high, thereby sabotaging his efforts. According to him, MRS would…
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Dec
15
2025
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By Abia ThinkTank
Petrol Price War Turns Dirty As Dangote Attacks NMDPRA Boss

Petrol Price War Turns Dirty As Dangote Attacks NMDPRA Boss

News Flash, Oil & Gas
Petrol Price War Turns Dirty As Dangote Attacks NMDPRA Boss The President of the Dangote Group, Alhaji Aliko Dangote, on Sunday alleged that the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, paid about $5m for the secondary school education of his four children in Switzerland, calling for a full investigation and public explanation. Dangote said Ahmed must appear before the Code of Conduct Tribunal to explain to Nigerians how he was allegedly able to raise $5m for his children’s school fees, accusing him of economic sabotage. Our correspondent reports that the NMDPRA dismissed a…
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Nov
08
2025
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By Abia ThinkTank
Dangote Refinery Slashes Ex-Depot Petrol Price

Dangote Refinery Slashes Ex-Depot Petrol Price

Economy, News Flash, Oil & Gas
Dangote Refinery Slashes Ex-depot Petrol Price The Dangote Petroleum Refinery has slashed its ex-gantry petrol price to N828 per litre. According to sources at the refinery, the price of the product was reduced by N49 from the prior price of N877 per litre. “The refinery reduced its petrol price to N828 per litre,” a source said. The development comes amid plans by the refinery to increase its output to 1.4 million barrels per day (bpd), a scale that would surpass the world’s largest 1.36 million bpd refinery in Jamnagar, India. On November 1, the Dangote refinery said the supply of…
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Oct
31
2025
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By Abia ThinkTank
Tinubu Approves 15% Import Duty On Petrol, Diesel

Tinubu Approves 15% Import Duty On Petrol, Diesel

FGN, News Flash, Oil & Gas
Tinubu Approves 15% Import Duty On Petrol, Diesel President Bola Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), commonly known as petrol. The approval was contained in a letter dated October 21, 2025, where Damilotun Aderemi, the Private Secretary to the President, conveyed the directive to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). According to the letter, the decision followed a request by the FIRS seeking the president’s consent to apply a 15 percent duty on the cost, insurance, and freight (CIF) value…
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Oct
29
2025
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By Abia ThinkTank
PENGASSAN Crisis: Dangote Refinery Redeploys Sacked Workers To Borno, Zamfara

PENGASSAN Crisis: Dangote Refinery Redeploys Sacked Workers To Borno, Zamfara

Labour, News Flash, Oil & Gas
PENGASSAN Crisis: Dangote Refinery Redeploys Sacked Workers To Borno, Zamfara The Dangote refinery has re-employed the engineers sacked last month during the crisis between it and the Petroleum and Natural Gas Senior Staff Association of Nigeria. Our correspondent reliably gathered that the engineers were now being posted to Borno, Zamfara, Benue and others. The engineers, some of whom were still graduate trainees during their sack, were invited to pick up their re-employment/redeployment letters. The workers, who did not want to be mentioned because of how sensitive the matter is, told our correspondent that some were sent to a coal mine…
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Oct
03
2025
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By Abia ThinkTank
President Tinubu To Commission Nigeria’s First $400m Crude Export Terminal In 50 Years

President Tinubu To Commission Nigeria’s First $400m Crude Export Terminal In 50 Years

Economy, News Flash, Oil & Gas
Tinubu To Commission Nigeria’s First $400m Crude Export Terminal In 50 Years President Bola Tinubu is expected to commission the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, 2025. It is the first new crude export facility to be built in Nigeria in more than 50 years. The Executive Director of Legal and Corporate Services of Green Energy International Limited, GEIL, Olusegun Ilori, disclosed this in a statement on Thursday. The facility, built by GEIL, operators of the Otakikpo field in OML 11, Ikuru Town, Andoni Local Government Area of Rivers State, will become…
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