Petroleum

Gist

Dangote Refinery Opens IPO to Nigerians with Minimum Investment of N5,250

Africa’s richest businessman, Aliko Dangote, has announced that Nigerians can become shareholders in the Dangote Petroleum Refinery through its upcoming Initial Public Offering (IPO) with a minimum investment of just…

AyobamiBlog September 7, 2026

News

Why Fuel Prices Keep Climbing: NMDPRA Speaks on Sourcing, Logistics, and Single-Source Refining

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that ongoing petrol price fluctuations are driven by complex market realities, including crude oil procurement costs, reliance on a…

AyobamiBlog September 7, 2026

Economy

Dangote Group responds to DAPPMAN, accuses them of “manipulating labour”

The Dangote Group has accused powerful oil import cartels of manipulating labour unions and industry associations to frustrate the operations of its refinery, warning that their actions threaten Nigeria’s quest…

AyobamiBlog September 16, 2025

News

Dangote Refinery to begin direct PMS supply to 11 states from Sept 15

The Dangote Group has announced that its Dangote Petroleum Refinery will commence direct supply of petrol (PMS) to 11 states starting Monday, September 15, 2025. The disclosure was contained in…

AyobamiBlog September 12, 2025

Economy

PETROAN to shut down petrol stations from Tuesday, September 9

Filling station owners under the auspices of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) have given a three-day notice for its planned suspension of lifting and dispensing…

AyobamiBlog September 7, 2025

News

Nigerians Benefit from Fuel Price War Between NNPC and Dangote Refinery

A competitive fuel price war has emerged between the Nigerian National Petroleum Company Limited (NNPC) and Dangote Petroleum Refinery, leading to reduced petrol prices for consumers across Nigeria. NNPC recently…

AyobamiBlog March 4, 2025

News

NNPC denies claim of Port Harcourt refinery shutdown

The Nigerian National Petroleum Company Limited (NNPCL) has denied claims in media reports that the newly refurbished Port Harcourt refinery has shut down. The national oil company denied the claim…

AyobamiBlog December 21, 2024