Nigerian crude sold to Dangote Refinery through London, Dubai middlemen at $18 higher price – Ugochinyere

      By Ogaga Ariemu Chairman of the House of Representatives Committee on Petroleum Resources (Downstream), Ikenga Ugochinyere, has alleged that Nigerian crude is being sold to Dangote Refinery and others through middlemen based in London, United Kingdom, and Dubai, United Arab Emirates. He made the claim during a press briefing on Thursday, where […]

Nigerians to buy shares in refinery — Dangote

By Udeme Akpan President of Dangote Group, Aliko Dangote, said that Nigerians will soon be able to invest directly in the Dangote Refinery, describing the move as part of efforts to broaden public ownership of the project. Dangote stated this on Saturday during the visit of the Group Chief Executive Officer of NNPC Limited, Bayo […]

Diezani Alison-Madueke denies bribe-taking at London corruption trial

  Former OPEC president Diezani Alison-Madueke arrives to attend her corruption trial at the Southwark Crown Court in London on January 26, 2026. The 65-year-old faces five counts of accepting bribes and one count of conspiracy to commit bribery, all related to her time as Nigeria’s Minister for Petroleum Resources between 2010 and 2015 when […]

Nigerians will soon become co-owners of my refinery upon NGX listing – Aliko Dangote

  By Ogaga Ariemu The President of the Dangote Group, Aliko Dangote, has announced that Nigerians will soon have the opportunity to own shares in his $20 billion refinery upon listing on the Nigerian Exchange Limited. He disclosed this at a conference in Abuja organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority and […]

Major marketers begin lifting petrol from Dangote Refinery

By Udeme Akpan, Energy Editor, Obas Esiedesa, Ediri Ejoh & Mariam • We want to import, compete with NNPC, Dangote — Independent Marketers • FG, others should be transparent — CPPE The Nigerian National Petroleum Company Limited, NNPCL, has authorised major petroleum marketers to commence lifting the premium motor spirit, PMDS, otherwise known as petrol, […]

‘I’m ready to let go so they can run it,’ Dangote offers to sell refinery to NNPC

‘I’m ready to let go so they can run it,’ Dangote offers to sell refinery to NNPC President of the Dangote Group, Aliko Dangote has offered to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited (NNPCL) to address allegations of monopoly in the industry. In an exclusive interview with Premium Times, Dangote […]

Why I decided to remove subsidy on petrol – Tinubu

By Mo2n President Bola Tinubu has explained why he removed subsidy on petrol. According to Tinubu, it was a challenging decision to make, but necessary to ensure a transparent energy sector. The President stated this while speaking at the opening of the 2024 Nigeria International Energy Summit, NIES, in Abuja. Tinubu was represented by his […]

Over 80% of Nigeria’s crude oil stolen — Obasanjo

Obasanjo stated this in Abuja at the launching of a book titled, ‘Court and Politics,’ written by Dr. Umar Ardo, a former associate of the ex-Vice President, Atiku Abubakar. According to the former president, one of the reasons why Nigeria’s economy is in ruins is that while other oil-producing countries have records of their oil […]

Shell to exit oil exploration in Nigeria

  By Sandra Nwaokolo Shell has announced its withdrawal from oil exploration in Nigeria and has reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies consisting of four exploration and production firms based in Nigeria and an international energy […]

Why I was happy when Tinubu increased petrol pump price — Buhari

By Muhammad Sabiu FORMER president, Muhammadu Buhari has said he was happy when his successor, President Bola Tinubu increased the price of petrol. There were several attempts by Buhari to remove the fuel subsidy but all failed. However, the former Nigerian leader made his feelings known at the annual dialogue of Katsina Consultative Forum (KCF) […]

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