NewsReports

Scotland’s 100-year-old Grangemouth refinery is set to close in 2025, turning into a fuel terminal amid mounting global competition. Dangote Refinery may have recorded its first casualty as Grangemouth, Scotland’s only refinery, is to shut down in 2025 with the loss of 400 jobs, as competition tightens. The refinery’s operator, Petroineos, said the refinery was increasingly unable to compete with …

Governor Godwin Obaseki of Edo State has said his party, the People Democratic Party (PDP) was pleased with the commitment of the Inspector General of Police (IGP), Kayode Egbetoku and Chairman of the Independent National Electoral Commissioner (INEC), Prof. Mahmood Yakubu, to ensure a free, fair and credible election in the State. Obaseki said this while addressing journalists after a …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it doesn’t make sense for the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol lifted from the Dangote Refinery higher than imported ones. This was disclosed by the IPMAN National Welfare Officer, John Kekeocha on Channels Television’s The Morning Brief breakfast programme on Monday. He said, “If NNPC can sell …

*NNPC sets Lagos price at N950/litre, Borno’s at N1,019 for Dangote fuel *National oil company assures fuel queues to disappear in few days. *Declares naira-for-crude arrangement to ease FX volatility. *Fuel scarcity in Nigeria over, Otedola says  The federal government yesterday expressed excitement over the commencement of lifting of Premium Motor Spirit (PMS), also known as petrol from the 650,000 …

The Nigerian National Petroleum Company Limited (NNPCL) has challenged the Dangote refinery to provide a discount on its Premium Motor Spirit (PMS) following the refinery’s statement disputing the sale of petrol to NNPCL at N898 per litre.  Tribune Online reports that Olufemi Soneye, NNPC spokesman, disclosed that the nation’s oil company lifted petrol from Dangote Refinery at N898 per litre.  In a swift reaction, …

•N898 per litre based on crude imported in dollars — DANGOTE•NNPC lifts 16.8m litres out of 25m The Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery yesterday disagreed over the pricing of the petrol to be supplied by the refinery. The disagreement came against the backdrop of the first lifting of the product from the refinery by NNPCL yesterday. …

The Nigerian National Petroleum Company Limited (NNPCL) has announced the estimated prices of Premium Motor Spirit (PMS), commonly known as petrol, to be sourced from the Dangote Refinery in September 2024. The released pricing estimates forecast what Nigerians can expect to pay at NNPCL retail stations across different country regions. In a statement issued on Monday via X by the Chief Corporate …

*Targets over one million free kits The Presidential Compressed Natural Gas Initiative (PCNGI), a scheme which seeks to expand the use of gas for fuelling vehicles in Nigeria, has signed separate deals with 75 conversion firms nationwide as part of government’s  policy of reducing addiction to petrol and diesel.With the agreements now covering eight states and expansion set for nine …

FORT LAUDERDALE, Fla. — Former President Donald Trump is safe following what the FBI says “appears to be an attempted assassination” while playing golf two months after another attempt on his life at a rally in Pennsylvania. Local authorities said the U.S. Secret Service agents protecting Trump fired at a man pointing an AK-style rifle with a scope as Trump was playing on one …

*Moves to stop petrol import by October  *Scotland’s only refinery to shut down as competition heightens• Lagos promises free flow of traffic along Lekki-Ajah corridor The Nigerian National Petroleum Company Limited (NNPCL) has deployed over 100 trucks, lighter vessels and personnel to the Dangote Refinery in Lagos for the lifting of petrol from the 650,000 barrels per day facility from …