Importers

Fuel Price Dynamics in Nigeria: A Closer Look In recent weeks, the fuel market in Nigeria has witnessed an intriguing shift. Surprisingly, it is not the refinery driving prices but rather the marketers who are aggressively lowering them. This change presents a fresh perspective on the dynamics within the country’s petroleum sector. Recent investigations by The Punch revealed that several filling stations are now offering petrol for under ₦860 per liter. This is a noteworthy reduction when compared to…

In a surprising turn of events, Dangote Refinery has opted to withdraw its lawsuit against Nigeria’s petroleum regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), alongside several key fuel importers, notably the state-owned NNPC Ltd. This unexpected move raises a multitude of questions, especially considering the significant stakes involved in Nigeria’s burgeoning oil sector. Initially, the refinery, hailed as Africa’s largest, had taken legal action to contest the issuance…

In a world where oil is king, a document from the Nigerian Port Authority brings to light intriguing developments reported by Punch Newspaper. Between the dates of March 17 and March 23, no less than seven vessels teeming with imported petrol are anticipated to make their way to Nigeria's seaports. These seaports dot the country's coastlines, serving as gateways to millions of Nigeria’s inhabitants dependent on petrol imports. Delving deeper into the numbers, these vessels are not just mere…