Entries by AllAfrica News: Petroleum

Nigeria: Petrol Prices Jump By 47 Percent, Diesel 28.6 Percent in One Year /in /by

[This Day] Abuja -- The price of petrol, arguably Nigeria's most consumed fuel, increased by a whopping 47.18 per cent on a year-on-year basis between April 2022 and April 2023, new data from the National Bureau of Statistics (NBS), has shown.

Nigeria: How Policy Reversal Prevented Me From Acquiring Refinery in 2006 – Dangote /in /by

[Daily Trust] Africa's richest man, Aliko Dangote, has narrated how he couldn't acquired Brownfield Refineries under the Federal Government's Privatization Programme in 2006.

Nigeria: OPL 245 Scam – U.S., Netherlands Urged to Reopen Investigations /in /by

[Premium Times] Both the US and the Netherlands had previously opened investigations into the OPL 245 deal but closed them due to a court case in Italy.

Nigeria: Dangote Refinery Game Changer for Nigerian Economy – Buhari /in /by

[Premium Times] "I am confident that my successor, His Excellency Asiwaju Bola Ahmed Tinubu, will sustain the improvement in our economic and business environment...," the president said.

Nigeria: Our Refinery Will Supply First Product to Market By July – Dangote /in /by

[Premium Times] "This is a clear opportunity for Nigeria given the African Union's commitment to the creation of an African Common Market through the recently established African Continental Free Trade Area (AFCFTA) regime," Mr Dangote said.

Nigeria: What Buhari Told Me When I Wanted to Quit – Dangote /in /by

[Daily Trust] President of Dangote Group, Aliko Dangote, on Monday said President Muhammadu Buhari stopped him from quitting the establishment of Dangote Refinery and Petrochemicals, the world's largest single-train refinery.

Africa: Dangote Launches Africa’s Biggest Oil Refinery – 4 Ways It Will Affect Nigeria /in /by

[The Conversation Africa] Nigeria's new Dangote petroleum refinery is Africa's biggest - it will produce 650,000 barrels a day, giving it the potential to address the country's energy supply crisis.

Nigeria: Buhari Inaugurates Dangote Refinery, Calls It Game Changer for Nigeria’s Economy /in /by

[Vanguard] President Muhammadu Buhari Monday inaugurated Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, which is expected to enable Nigeria to achieve self-sufficiency in refined products and even have surplus for export.

Nigeria: World Bank Advises Govt, States to Stop Payment of Petrol Subsidy /in /by

[This Day] Abuja -- The Country Director of the World Bank, Shubham Chaudhuri, has asked the federal and state governments to consider the financial implications that a continuous fuel subsidy regime could have on their revenues, as the government cont...

Nigeria: NUPRC Set to Unlock Nigeria’s Potential in Upstream Petroleum Sector – Official /in /by

[Premium Times] Despite the global clamour for decarbonization and energy transition, oil and gas remain relevant in the global energy mix, an official said.