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Tag: Refineries

featured Opinion

ICYMI: Why NNPC refineries will never work — Obasanjo

As the Nigerian National Petroleum Company Limited continues its search for technical partners to operate the Port Harcourt, Warri, and Kaduna refineries, former President Olusegun Obasanjo has once again insisted that the facilities will never work. Obasanjo spoke during a television interview aired on Saturday night by Sony Irabor Live, which was monitored by our […]

Opinion

Foreign interests hindering Africa’s refineries, Dangote warns

Africa’s richest man and President of Dangote Group, Aliko Dangote, has said that entrenched foreign interests are undermining Africa’s industrial development and slowing the continent’s push toward economic self-sufficiency. Dangote made the remarks while speaking at the Investing in Africa Forum, held on the sidelines of the ongoing IMF/World Bank 2026 Spring Meetings in Washington […]

Price of of cooking gas rose by 13.75% in May 2024
featured Oil and Gas

Local refineries supplied 87% of Nigeria’s cooking gas in 2025

Local refineries and gas processing plants, led by the Dangote Petroleum Refinery and NLNG Limited, supplied 87 per cent of Nigeria’s domestic Liquefied Petroleum Gas, also known as cooking gas, in 2025, significantly reducing the country’s dependence on imports. Vanguard reported that the sharp rise in domestic supply marked a major shift from 2023, when […]

Oil and Gas

Dangote, local refineries drive 111% surge in Nigerian petrol supply

Nigeria’s domestic petrol supply experienced a significant surge, increasing by 111 per cent in 2025 to reach a record 3.8 billion litres in the first 10 months of the year, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority. This dramatic increase, driven by the ramp-up of the Dangote Refinery and other local facilities, […]

Oil and Gas

Ex-IPMAN boss backs 15% import duty to protect local refineries

The former National Operations Controller of the Independent Petroleum Marketers Association of Nigeria, Mr. Mike Osatuyi, has commended President Bola Tinubu for approving a 15 per cent import duty on petrol and diesel. In an interview with Newsmen in Lagos on Sunday, Osatuyi said that the policy would protect local refineries and attract new investments […]

featured Oil and Gas

Reps probe $18bn spent on non-functional refineries

The House of Representatives on Thursday mandated its relevant committees to investigate the non-functionality of state-owned petroleum refineries in Port Harcourt, Warri, and Kaduna, despite the reported expenditure of about $18 billion on their rehabilitation over the past two decades. The resolution followed the consideration and adoption of a motion on notice moved by Lagos […]

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 […]

NNPC, First E&P provide free healthcare in host communities
News

How NNPCL spent N4.8trn operating state-owned refineries 10 years

Operating state-owned refineries cost the Nigerian National Petroleum Company Limited N4.8 trillion between 2010 and 2020. Nairametrics reported that the Federal House of Representatives said that since 2010, the Port Harcourt, Warri, and Kaduna refineries’ output has not surpassed 30%. Although the House of Representatives report claimed that the refineries had been idle for years, […]

How Nigeria’s refineries lost 218 workers, N69bn
Oil and Gas

How Nigeria’s refineries lost 218 workers, N69bn

  Data from the financial statements of Nigeria’s refineries, newly provided by the Nigerian National Petroleum Company Limited, showed that the number of employees dropped by 218 within a year, while the facilities registered a cumulative comprehensive loss of N69.03bn over the review period. The Nigerian National Petroleum Corporation runs Nigeria’s three refineries: the Kaduna […]

Nigerians bought petrol N191.65 per litre September- NBS
Oil and Gas

FG spent N1.593tn on fuel subsidy in six months – Report

The Federal Government spent a total of N1.593 trillion on subsidy of Premium Motor Spirit, often known as petrol over a six-month period between January and June 2022. This was discovered in recent data on the subject cited by The PUNCH. It was also learned that the Nigerian National Petroleum Company Limited invested N54.66bn in […]

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