Oil & Gas

Dangote Petroleum Refinery & Petrochemicals FZE says the Federal Government of Nigeria and the Nigerian National Petroleum Company Limited (NNPC Ltd.) are limiting the amount of crude oil sent to its refinery. According to Dangote, this has reduced the feedstock available and made it harder for the refinery to run…

Dangote Refinery has strengthened Nigeria’s position in the global aviation fuel market after becoming the world’s biggest exporter of jet fuel. The Lagos-based refinery has exported about 57 million barrels of jet fuel over the past two years, according to Business Insider Africa, citing Kpler shipment data. The report said…

Diesel remains one of the most important fuels in Africa. It powers trucks, buses, farms, factories, generators, and trade routes. That is why diesel prices matter beyond the pump. A small change can affect transport fares, food prices, business costs, and household spending. In May 2026, the global average diesel…

In May 2026, Nigerian households are experiencing increased financial pressure. Petrol and cooking gas prices have increased, while diesel is driving up business expenses. Rising energy costs now impact transport, food, power, and household income. Cooking gas is priced between ₦1,500 and ₦1,600 per kilogram in most markets. A 12.5kg…

Nigeria, Africa’s largest crude oil producer, is facing a serious revenue challenge after the United Arab Emirates officially announced its withdrawal from the Organisation of the Petroleum Exporting Countries (OPEC), effective May 1, 2026. The development is sending shockwaves through global energy markets, and the consequences for Nigeria could be…