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NNPC, Zuid Energies Partner on New CNG and LNG Plants in Ajaokuta

Fola Badmus2 months ago2 months ago02 mins

By Kamal Yalwa August 2, 2025 The Nigerian National Petroleum Company (NNPC) Gas Marketing Limited (NGML), a subsidiary of NNPC Limited, has signed a joint venture agreement with Zuid Energies Limited to construct compressed natural gas (CNG) and liquefied natural gas (LNG) plants in Ajaokuta, Kogi State. The announcement was made during the Mobility-CNG Stakeholders Workshop in Abuja, themed “Deepening Industry Alignment for a Sustainable Mobility-CNG Sub-Sector.” The event brought together regulators and downstream operators to explore collaborative solutions for Nigeria’s energy transition and expansion of commercial gas opportunities. Under the agreement, the new gas infrastructure will include: According to a statement from the NNPC, the initiative underscores NGML’s commitment to “leveraging private sector partnerships to deliver innovative virtual pipeline solutions for efficient gas supply to off-grid and underserved areas.” The new project adds to a growing list of gas infrastructure developments in Ajaokuta. Earlier in January, NNPC began constructing five mini-LNG plants in the area with a combined target output of 97 mmscfd. These include: The Federal Government continues to prioritize CNG as part of its clean energy and mobility agenda, in line with its national gas expansion program.

NNPCL Restates Commitment to Oil, Gas Development in Northern Nigeria

Fola Badmus2 months ago2 months ago01 mins

The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed its commitment to the exploration and development of oil and gas resources in northern Nigeria. Yusuf Usman, a director at NNPCL, gave the assurance on Wednesday during a government-citizen engagement session organized by the Sir Ahmadu Bello Foundation in Kaduna. Usman disclosed that the company has drilled four wells in the Kolmani area of Bauchi State and is currently assessing the appropriate technology for the next phase of drilling operations. He also announced that five Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) plants are under construction in Kogi State as part of President Bola Tinubu’s CNG Initiative. The plants are expected to improve gas supply and accessibility across the northern region.

Petrol Price Hits ₦945/Litre at NNPC Stations Amid Soaring Global Oil Prices Petrol Price Hits ₦945/Litre at NNPC Stations Amid Soaring Global Oil Prices

NNPCL Slashes Petrol Price to N910 per Litre in Abuja Following Dangote Refinery’s Adjustment

Fola Badmus3 months ago3 months ago02 mins

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, across its retail outlets in Abuja. News360 Nigeria reports that NNPCL stations at locations such as Zone 6, Kubwa Expressway, and Wuse Zone 4, on Saturday, lowered their pump price from N945 to N910 per litre — a N35 decrease. The move brings significant relief to motorists grappling with high fuel costs in recent weeks. This reduction comes just four days after Dangote Refinery cut its petrol ex-depot price from N880 to N840 per litre, citing a drop in global crude oil prices. Independent marketers have also responded, adjusting their pump prices accordingly. In Abuja, prices have dropped to between N930 and N940 per litre, down from N945–N975, while Lagos motorists now pay around N890, a reduction from the previous N925 per litre. Industry watchers see the development as a potential signal of further fuel price stabilisation, depending on global market trends and domestic supply improvements.

NNPC, Dangote biker over Petrol pump price

Fola Badmus1 year ago1 year ago04 mins

The Nigerian National Petroleum Commission (NNPC) and Dangote Refinery are at loggerheads over the price of Premium Motor Spirit otherwise known as petrol. Both parties have issued conflicting press statements on the matter in the recent time. The NNPC Ltd, in a statement by signed its Chief Corporate Communications Officer, Olufemi Soneye on Monday, the Company has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. The NNPC Ltd also wished to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms length. The NNPC Ltd confirmed that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024. The NNPC Ltd assured that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100% to the general public. Dangote Refinery however denied selling the product to the Nigerian National Petroleum Corporation (NNPC) at N898. The Group refuted the claims in a statement on Sunday. The statement read; “Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL. “This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years. “We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars. “It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing. With this action, there will be petrol in every local government area of the country regardless of their remote nature. “We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country.”

Dangote Refinery denies selling PMS at N898

Fola Badmus1 year ago1 year ago02 mins

Dangote Refinery has denied selling Premium Motor Spirit (PMS) otherwise known as petrol to the Nigerian National Petroleum Corporation (NNPC) at N898. The Group refuted the claims in a statement on Sunday. The statement reads; “Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL. “This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years. “We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars. “It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing. With this action, there will be petrol in every local government area of the country regardless of their remote nature. “We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country.”