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featured News

NOA urges NASS to criminalise fuel scooping from tankers

The National Orientation Agency has called on the National Assembly to criminalise the act of scooping fuel from fallen tankers. The call was contained in a statement posted on the NOA’s official X account and attributed to the Director General, Mallam Lanre Issa-Onilu. The appeal follows growing concerns over repeated fuel tanker accidents, including a […]

Investment

Putin pledges uninterrupted fuel supply to India despite US pressure

Russian President Vladimir Putin has declared that Moscow is ready to provide “uninterrupted shipments” of fuel to India, as Delhi continues to face mounting pressure from the United States to cease purchasing Russian oil. Speaking alongside Indian Prime Minister Narendra Modi in Delhi, Putin questioned why India should be punished for buying oil when the […]

Dangote refinery to begin fuel distribution with 4,000 CNG trucks
Oil and Gas

Marketers fault Dangote’s 500,000-litre fuel delivery threshold

The Dangote Petroleum Refinery has introduced a minimum purchase requirement of 500,000 litres of petrol for oil marketers wishing to benefit from its free delivery scheme, sparking debates across Nigeria’s downstream petroleum sector. The PUNCH reported that a senior refinery official said, “Yes, the Minimum Order Quantity for the free delivery is 500,000 litres.” At […]

Technology

Tango Brook launches fuel card for individuals, businesses

Tango Brook Technologies has launched the Tango Fuel Card, a digital fuel management system designed to provide individuals and corporate customers with greater transparency, control, and rewards in managing fuel expenditure. The Tango Fuel Card offers access to physical payment cards accepted at fuel stations nationwide, as well as tools, detailed reports, analytics, and devices […]

Fuel prices drop in Niger Republic as Nigeria supplies petrol
News

Fuel prices drop in Niger Republic as Nigeria supplies petrol

The price of Premium Motor Spirit (petrol) in Niger Republic has begun to decline following fuel shipments from Nigeria, The PUNCH reports. Residents in border communities and security sources confirmed that hundreds of petrol tankers from Nigeria have been making their way into Niger Republic, easing the country’s fuel crisis. On March 16, 2025, Sunday […]

Fuel import drop by 1bn liters in seven months – Report
Oil and Gas

Fuel import drops by 1bn liters in seven months – Report

The National Bureau of Statistics has revealed that following President Bola Tinubu’s removal of fuel subsidies in June, the nation’s monthly imports of petrol decreased by almost 1 billion liters. According to the NBS statistics, the nation imported 2.09 liters of petroleum in January 2023 and 1.99 billion liters in February of the same year. […]

Dangote names Lekki refinery road after Wigwe
Business featured

Dangote refinery fuel delayed by govt – Report

Dangote Petrochemical Refinery’s plan to release aviation fuel and diesel for sale in the Nigerian market in January appears to have been delayed by unfinished business with regulatory authorities. According to The PUNCH, the largest refinery in Africa is still struggling to get through the several levels of regulatory permissions, one week after the management […]

Why fossil fuel phaseout is unavoidable - UN
Oil and Gas

Why fossil fuel phaseout is unavoidable – UN

The United Nations Secretary-General, António Guterres, stated that phasing out fossil fuels was not only necessary but also unavoidable. The PUNCH reported that he urged countries to take action and hasten the switch from fossil fuel to clean energy, with the largest emitters setting the example, during a speech on Friday in honour of the […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
Business

IMF expresses concerns over Kenya’s fuel subsidy reintroduction

The International Monetary Fund has raised concern over Kenya’s plan to reintroduce fuel subsidies. Business Insider reported that the global lender expressed reservations about the scheme’s feasibility, stressing that Kenya may not be able to pay oil traders due to financial constraints. The bank also mentioned an unpaid bill in the sector stating that Kenya may […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

Dangote fuel will be sold in naira not dollars – IPMAN

Juliet Buna Oil marketers clarified on Monday that the refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters. According to The PUNCH, the National Public Relations Officer, IPMAN, Chief Ukadike Chinedu, admitted that it was true that […]

Dangote fuel will be sold in naira not dollars - IPMAN
featured Oil and Gas

Dangote refineries to supply 150,000 IPMAN fuel stations

The Dangote Petroleum Refinery will deliver fuel to around 150,000 retail outlets managed by the Independent Petroleum Marketers Association of Nigeria, following a meeting between refinery management and IPMAN executives. The PUNCH reported that last week Monday, IPMAN booked a meeting with Dangote refinery management to discuss the supply of products to independent marketers. The IPMAN President, Abubakar […]

Top 10 African countries with highest fuel price in 2024
Oil and Gas

Top 10 African countries with highest fuel price in 2024

A significant increase has hit the prices of fuel across the globe, especially in Nigeria following the removal fuel subsidy, which marked the beginning of the Bola Tinubu era in 2023. Since then, Nigerians have experienced a surge in the price of petroleum motor spirit from about N198/N200 per liter to over N1300 per liter. […]

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