Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining
Nigeria’s foreign exchange demand for oil-sector imports rose sharply by 114.91 per cent in 2025, underscoring the country’s continued reliance ...
Tag: NNPCL
NNPC Reduces Petrol Price to N1,299 as Competition Intensifies with MRS and Depots
The Nigerian National Petroleum Company Limited has cut the pump price of petrol from N1,335 to N1,299 per litre, a ...
Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million
Seplat Energy Plc has entered a legally binding agreement to dispose of a 10% working interest in its joint venture ...
Petrol Climbs to N1,400 per Litre as Transport Fares Rise Across Nigeria
Petrol prices have surged to as high as N1,400 per litre in parts of Nigeria, prompting a fresh wave of ...
Depots Increase Petrol Prices to N1,230 per Litre Following Dangote Refinery’s Pricing Shift
Private fuel depot owners across Nigeria have raised the price of petrol to between N1,200 and N1,230 per litre after ...
Nigeria Retains Cheapest Petrol Price in West Africa Despite 15% Jump in Import Costs
Nigeria has maintained its position as the country with the lowest petrol price in West Africa, with an average pump ...
NNPC Lowers Petrol Price to N1,110 per Litre as Competition Intensifies
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the retail price of petrol at its filling stations to N1,110 ...
NNPC Lowers Petrol Price to N1,210 per Litre in Lagos and Abuja
The Nigerian National Petroleum Company (NNPC) Limited has reduced the retail price of petrol at its filling stations nationwide, citing ...
Petrol Price Climbs to N1,596 per Litre in May, Edo Leads States
Nigerians paid an average of N1,596.25 per litre for petrol in May 2026, according to the latest report from the ...
Diesel Price Soars to N3,277 per Litre in May 2026 Amid Persistent Cost Pressures
The average retail price of diesel (Automotive Gas Oil) in Nigeria climbed sharply to N3,277.47 per litre in May 2026, ...
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