The Crude Oil Refinery Owners Association of Nigeria, CORAN, has explained why Nigerians cannot get cheaper Premium Motor Spirit, PMS, prices amid the crude oil price drop. CORAN argued that the suspension of Naira-for-crude deals, profiteering by middlemen, and rising foreign… Why Nigerians can’t get cheaper fuel amid crude price drop – Refiners …C0NTINUE READING … Read more
Petroleum products marketers and depot owners in Nigeria’s oil and gas sector have accused Dangote Refinery of blackmailing the Nigerian government over a naira-for-crude sales deal, amid the premium motor spirit price uncertainty. This comes as the federal government’s… Fuel price, Naira-for-crude: Dangote Refinery blackmailing Nigerian govt – Marketers, depot owners …C0NTINUE READING HERE >>>>
A fuel-laden tanker has caught fire at the A.A Rano filling station in Hannun Riga, near the General Hospital and the ‘B’ Division of the Nigeria Police in Kontagora, Niger State. The incident occurred around 7 pm on Sunday while… Fuel Tanker Explodes In Niger, Destroys Filling Station …C0NTINUE READING HERE >>>>
Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira. In a statement issued on March 19, 2025, the refinery explained that its sales of petroleum products in Naira had exceeded the value of Naira-denominated crude received, necessitating an… JUST IN: Dangote refinery suspends sale of fuel in Naira …C0NTINUE READING … Read more
Nigeria’s fuel subsidy removal nearly two years ago has been attributed as one of the reasons Niger has been experiencing fuel scarcity in recent weeks. Recall that in May 2023, President Bola Ahmed Tinubu’s government removed the fuel subsidy, leading to a sharp rise in… How Nigeria’s fuel subsidy removal worsened Niger’s petrol scarcity …C0NTINUE … Read more