Oil & Gas

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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Sep
17
2025
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By Abia ThinkTank
Nigeria’s Dangote Refinery Petrol Lands In US For The First Time

Nigeria’s Dangote Refinery Petrol Lands In US For The First Time

Business, Economy, FGN, News Flash, Oil & Gas
Nigeria’s Dangote Refinery Petrol Lands In US For The First Time Nigeria’s Dangote Refinery’s premium motor spirit, PMS, has arrived in New York, United States, for the first time. According to Reuters, Sunoco and Vitol organised the shipment on Monday. The delivery on the tanker, Gemini Pearl, marks a major milestone for the 650,000-barrel-per-day Dangote refinery. Reuters reported that an additional shipment of Dangote petrol, which Glencore sold to Shell, is planned to reach New York on September 19. The deliveries represent an important achievement for the $20 billion Ibeju Lekki-based refinery. Aliko Dangote, the President of Dangote Refinery, at…
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Sep
10
2025
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By Abia ThinkTank
NUPENG Suspends Strike As Union Reach Agreement With Dangote Refinery

NUPENG Suspends Strike As Union Reach Agreement With Dangote Refinery

Business, News Flash, Oil & Gas
NUPENG Suspends Strike As Union Reach Agreement With Dangote Refinery The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its strike following an agreement with the management of Dangote Refinery to recognise workers’ rights to unionise. The deal was reached at a closed-door meeting convened by the Department of State Services (DSS) and attended by the Minister of Finance, Wale Edun and representatives of the Nigeria Labour Congress. Acting NLC General Secretary, Benson Upah, confirmed the outcome, while the Ministry of Labour said it would issue a formal statement soon. The resolution followed a conciliation meeting convened…
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Aug
11
2025
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By Abia ThinkTank
Nigeria’s N54.99 Trillion Budget Suffers Setback As Oil Drops To $66 Per Barrel

Nigeria’s N54.99 Trillion Budget Suffers Setback As Oil Drops To $66 Per Barrel

Economy, News Flash, Oil & Gas
Nigeria’s N54.99 Trillion Budget Suffers Setback As Oil Drops To $66 Per Barrel The execution of Nigeria’s N54.99 trillion budget suffered a major setback as the crude price dropped to $66 per barrel from $70 per barrel, indicating a 5.7 percent decrease, yesterday. This was even as Nigeria’s oil output, including condensate and foreign exchange, stood at 1.8 million barrels per day and more than N1,500 per dollar, respectively. The nation’s budget was based on 2.06 million barrels per day (bpd), N1,500 per dollar, and $75 per barrel oil output, exchange rate, and oil price, respectively. However, in an interview…
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Aug
04
2025
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By Abia ThinkTank
NNPC CEO’s Fate Hangs In The Balance Over Deals With Atiku’s Son-In-Law

NNPC CEO’s Fate Hangs In The Balance Over Deals With Atiku’s Son-In-Law

News Flash, Oil & Gas, Politics
NNPC CEO’s Fate Hangs In The Balance Over Deals With Atiku’s Son-In-Law The days of Bashir Bayo Ojulari as the group CEO of the Nigerian National Petroleum Corporation (NNPC) Limited are numbered, TheCable has been informed. Although there are reports that he has resigned, TheCable learnt from insiders that he has not thrown in the towel yet, “but only a miracle will keep him in office at this stage”. President Bola Tinubu, who appointed him to replace Mele Kyari only four months ago, is said to be “livid” over security reports on Ojulari’s activities so far in office. The NNPC…
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Jul
29
2025
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By Abia ThinkTank
NNPC Resumes Oil Drilling In Northern Nigeria

NNPC Resumes Oil Drilling In Northern Nigeria

News Flash, Northern Nigeria, Oil & Gas, Politics
NNPCL Resumes Oil Drilling In Northern Nigeria The Governor of Gombe State, Inuwa Yahaya, said the Nigerian National Petroleum Company Limited (NNPC Ltd) has resumed crude oil drilling at a field in the boundary of Bauchi and Gombe states. Mr Yahaya said this at the ongoing two-day Interactive Session on Government-Citizens Engagement at the Arewa House, Kaduna. The forum, organised by the Ahmadu Bello Memorial Foundation, was to assess President Bola Tinubu’s administration’s performance in the northern region in the first half of the administration’s term. Mr Yahaya recalled how Mr Tinubu almost missed the flag-off ceremony of the oil…
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