In a significant boost to its oil output, Nigeria’s state oil firm, the Nigerian National Petroleum Corporation (NNPC), announced on Thursday that it has increased oil production to 1.8 million barrels per day (bpd). This marks a substantial rise from the 1.3 million bpd recorded in October, as reported by the Organisation of the Petroleum Exporting Read More…
The Nigerian National Petroleum Corporation (NNPC) Limited has announced the estimated pump prices of Premium Motor Spirit (PMS), popularly known as petrol, for retail stations across the country, following negotiations with the Dangote Refinery. In a press statement released on Monday, the NNPC revealed that the new prices reflect the cost of PMS supplied from Read More…
In a significant development for Nigeria’s energy sector, the Nigerian National Petroleum Corporation Limited (NNPCL) has commenced the loading of Premium Motor Spirit (PMS), commonly known as petrol, at the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos. This marks a major milestone in the country’s efforts to boost local fuel production and reduce dependency on imports. Read More…
The bustling streets of Lagos have come to a near standstill as a severe fuel shortage continues to grip the city. From Ejigbo to Surulere, residents are facing long queues and empty petrol stations, exacerbating the daily struggles of millions. “I drove for hours and couldn’t find a single station selling petrol,” said Chinedu Okeke, Read More…
Nigeria’s NNPC, the state oil company, is anticipated to provide four crude shipments from its February schedule to the Dangote refinery, set to begin operations following extensive construction delays, disclosed three sources familiar with the situation to Reuters. The highly-anticipated Dangote refinery, touted as Africa’s largest, is on the verge of commencing test runs and Read More…
Nigerian state-owned oil firm NNPC Ltd. has announced that it will complete test runs at the Port Harcourt refinery in the south this month, marking a major step towards resuming operations after five years of shutdown. According to NNPC spokesperson Femi Soneye, “Testing will conclude shortly, ensuring the refinery’s efficient operation. That phase will be Read More…
The Nigerian National Petroleum Company (NNPC) Ltd. has refuted claims of an imminent rise in the cost of Premium Motor Spirit (PMS), also known as petrol, urging citizens to dismiss unfounded speculations regarding a potential fuel price hike. Mr. Olufemi Soneye, the Chief Corporate Communications Officer of NNPC Ltd., reaffirmed this stance in a statement Read More…
The Nigeria Security and Civil Defence Corps (NSCDC) in Lagos State successfully prevented a potential oil pipeline explosion that could have caused massive devastation in Alimosho, Lagos. According to DSC Oluwaseun Abolurin, the Command’s Public Relations Officer, this incident aimed to vandalise the Nigerian National Petroleum Corporation’s (NNPC) oil pipelines in Liberty Estate and surrounding Read More…
The Nigerian National Petroleum Corporation (NNPC) Ltd announced on Tuesday the introduction of a new crude grade named Nembe as part of Nigeria’s efforts to increase crude oil production. Africa’s largest oil producer has been grappling with declining output due to issues like crude theft, pipeline attacks in the Niger Delta, and underinvestment, leading to Read More…
It has been revealed that Nigeria’s state oil corporation, NNPC Ltd, is set to provide the Dangote oil refinery with crude oil for testing purposes in a groundbreaking deal. This landmark agreement, exclusively reported by Reuters, marks a pivotal moment in the development of the 650,000 barrel-per-day Dangote oil refinery, funded by Africa’s wealthiest individual, Read More…
