Nigeria Becomes Net Petrol Exporter as Dangote Refinery Ships 44,000 bpd
Nigeria has become a net exporter of petrol for the first time in decades, as the Dangote Refinery shipped approximately ...
Tag: Crude oil
Ghana’s Trade Surplus Hits Record $4.2bn on Gold-Led Exports
Ghana recorded a sharp rise in its trade surplus to a record $4.2 billion in the fourth quarter of 2025, ...
Dangote Refinery Reduces Petrol Price Back to N1,200 per Litre
The Dangote Refinery has reduced its ex-depot price of Premium Motor Spirit back to N1,200 per litre, offering modest relief ...
From Ceasefire to Recovery: Analysing the Potential Effect of the Iran Truce on Nigeria’s Economy
US President Donald Trump's announcement of a two-week ceasefire with Iran, contingent on Tehran's agreement to reopen the Strait of ...
FAO Warns of Severe Global Food Supply Disruption from Gulf Conflict
The Food and Agriculture Organization (FAO) has warned that intensifying conflict in the Persian Gulf has triggered one of the ...
Nigeria Slashes Permit Timelines to Boost Oil Output
Nigeria is accelerating oil production by slashing approval timelines for well permits from several weeks to just hours, as global ...
Crude Oil Prices Surge to $112/Barrel as US-Iran Tensions Escalate
Global crude oil prices have risen by 8.22% to $112 per barrel, driven by escalating tensions between the US and ...
Nigeria’s Oil Output Falls to 1.31 Million Bpd, Misses OPEC Quota
Nigeria's crude oil production fell to 1.31 million barrels per day (bpd) in February 2026, a 10.69% decline from January's ...
Fuel Sells As High As N1,080 In Abuja, Lagos After Dangote Price Increase
Petrol prices rose across several filling stations in Lagos and Abuja on Saturday, a day after the Dangote refinery increased ...
Modular Refineries Can Meet Up to 10% of Nigeria’s Diesel Demand — CORAN
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has said modular refineries in the country can supply more than 10 ...
