fuel

Transforming Nigeria's Energy Landscape: Dangote Petroleum Refinery's Fuel Distribution Initiative The Dangote Petroleum Refinery is poised to ignite a transformative wave within Nigeria's downstream petroleum sector. With an official launch date set for August 15, 2025, this major fuel distribution initiative is expected to not just change the game, but also significantly influence the economic landscape of the entire nation. In a recent announcement via the platform X, the refinery…

In recent years, there has been a noticeable surge in the demand for secure, flexible, and cost-effective remote work solutions, particularly as local companies and global employers increasingly turn to Africa's remarkably talented workforce. One standout solution in this burgeoning market is TSplus, a platform dedicated to helping African professionals and businesses navigate their infrastructure challenges while seamlessly integrating into the global digital economy. Remote access tools have evolved beyond…

Nigerian fuel traders are navigating a challenging landscape filled with unmet expectations. Despite proclamations made six months ago that the state-owned Port Harcourt and Warri refineries were ready for operation, traders still find themselves struggling to secure gasoline from these facilities. It raises an important question: How long can a nation, rich in resources, rely on aging infrastructure? This situation has led traders to maintain their dependence on imports and the privately-owned $20 billion Dangote…

New Regulations for the Petroleum Sector in Somalia The recent implementation of new regulations within Somalia's petroleum sector marks a significant turning point for the industry. At the core of these changes lies a collaborative effort between the Ministry of Petroleum and the Somali Quality Assurance Authority. Together, they are on a mission to ensure that fuel shipments are not only properly inspected but also compliant with established standards. This initiative isn't merely bureaucratic; it represents a…

The Nigeria Customs Service, represented by its Comptroller General, Adewale Adeniyi, recently brought attention to an alarming and ongoing issue: the booming illicit fuel trade that continues to thrive in the country. This insight not only underscores a pressing economic challenge but also raises critical questions about the efficacy of policy changes aimed at curbing such illegal activities. During a recent performance review conference held in Abuja, Adeniyi provided a candid assessment of the current state of…

Fuel prices are more than mere numbers on a meter; they often symbolize momentary relief, economic stability, and political goodwill. For people living in African nations, a drop in fuel costs can have far-reaching implications, extending beyond the pump and into their day-to-day lives. When the fuel prices in a country decrease from the previous month, it brings a flurry of benefits. These advantages are not limited to the immediate, tangible financial savings. There exists a more nuanced, symbolic optimism associated with…

The recent adjustment in fuel prices by Dangote Refinery has turned heads in the economic landscape. With a notable reduction of ₦30, the price now stands at ₦835 per litre, marking a total drop of ₦45 from the relatively recent figure of ₦880 just a mere six days ago. This change, while appearing simple on the surface, has profound implications for consumers and the broader economy. Anticipations abound regarding how this price cut will ripple through the market. Retailers, especially partner stations like MRS,…

Fitch Ratings Highlights Nigeria’s Rising Debt Service Obligation Amid Economic Optimism In a recent assessment, Fitch Ratings drew attention to Nigeria's projected rise in debt servicing costs for the year 2025. This insight emerges even as the rating agency expresses growing confidence in Nigeria's evolving economic policies. One might wonder, how does a country bolster investor confidence while simultaneously facing increasing costs of managing its external debt obligations? The…

Edited by Ali Musa, Axadle Times International–Monitoring Fuel prices—those defiantly fluctuating metrics that often dictate our frustrations at the pump and influence our day-to-day choices. I mean, who hasn't spent that fleeting moment wondering if it's worth driving across town just to save a few cents per litre? According to recently compiled data from GlobalPetrolPrices.com, some countries have either mastered the art of keeping these prices low—or have strategies so elusive that they look like they've cracked…

In a world where the price at the pump can alter the very fabric of society, it's fascinating and somewhat alarming to see how the domino effect of rising gasoline prices influences every societal layer. Be it the bustling corridors of corporate giants or the humble abodes of low-income households, fuel costs permeate deeply into the routine affairs of daily life. Take a moment to reflect on this: in some African countries, the cost of gasoline has stubbornly remained steep over recent months. Despite some hopes to…