Trending Naija Newsrefineries Archives

Fuel Prices May Drop to N500 per Litre in 2025 – Marketers

January 4, 2025 by Ferdinand Miracle

Industry experts predict a significant drop in fuel prices in 2025, with petrol prices potentially falling to as low as N500 per litre. Currently, prices range from N900 to N950 at many fuel stations. The expected price reduction is attributed to the deregulation of the downstream sector, a stable foreign exchange policy, and the Naira-for-crude … Read more

NNPCL Challenges Obasanjo on $2bn Refineries Claim, Invites Him for Tour

January 3, 2025 by Ferdinand Miracle

The Nigerian National Petroleum Company Limited (NNPCL) has rejected claims by former President Olusegun Obasanjo about the mismanagement of Nigeria’s refineries. Obasanjo alleged that over $2 billion had been wasted on repairs since 2007, with no results. Obasanjo said his administration tried to privatize the Port Harcourt, Warri, and Kaduna refineries. He revealed that Aliko … Read more