Former Ogun State Governor, Otunba Gbenga Daniel, has declared that the recent recognition of Ogun State as a frontier state for oil exploration by the Nigerian National Petroleum Company Limited…
Global oil prices climbed sharply on Monday as renewed tensions in the Middle East increased fears of possible disruptions to global energy supply. Investors are becoming increasingly concerned that continued…
Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) from N1,750 to N1,650 per litre in a significant move aimed at easing cost pressures on…
The United Arab Emirates has temporarily suspended operations at the Ruwais Refinery, one of the world’s largest crude oil processing facilities, after a drone strike ignited a fire in the…
Dangote Petroleum Refinery and Petrochemicals has announced a significant reduction in the ex-depot prices of Premium Motor Spirit (PMS/petrol) and Automotive Gas Oil (AGO/diesel), offering immediate relief to Nigerian motorists…
Global crude oil prices corrected sharply on Tuesday, March 11, 2026, with Brent crude dipping 8.45% to $90 per barrel and US West Texas Intermediate (WTI) falling 8.58% to $86.77…
Nigerians should prepare for petrol prices to climb toward ₦1,500 per litre in the coming days or weeks as the ongoing U.S.-Israeli military campaign against Iran enters its second week…
Freight rates for supertankers carrying crude oil from the Persian Gulf have surged to record levels in the past 48 hours as escalating military conflict between Iran, the United States,…
Dangote Petroleum Refinery has reached a major milestone, now producing 50 million litres of Premium Motor Spirit (PMS), commonly known as petrol, per day, the company announced on Wednesday, January…
By Ogungbayi Beedee Adeyemi adeyemi@ddnewsonline.com Africa’s richest man, Aliko Dangote, celebrated the one-year anniversary of petrol production at his $20 billion Dangote Refinery on Thursday by declaring an end to…
