The Nigerian National Petroleum Company Limited (NNPCL) has reduced its premium motor spirit pump price for the second time in less than two weeks, lowering it from N1,210 to N1,150 per litre. This adjustment was confirmed by a market survey conducted by DAILY POST.

The Nigerian National Petroleum Company Limited (NNPCL) reported significant financial growth for April, with revenues reaching N4.97 trillion, an increase from N2.77 trillion in March. Profit after tax also rose to N481 billion, up from N276 billion the previous month. Despite these impressive figures, concerns about public dissatisfaction persist, highlighting a disconnect between corporate profits and the experiences of the populace, according to Daily Trust.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted new fuel import permits to seven major oil marketers amid rising concerns about domestic fuel supply levels. This approval is part of a fresh round of permits for the third quarter of 2026, aimed at ensuring adequate fuel availability in the country, according to Vanguard Business.

TotalEnergies Marketing Nigeria Plc announced it will not pay a dividend for the financial year ending December 31, 2025, due to significant challenges in the downstream petroleum industry. The company reported a loss after tax of N13.853 billion, a reversal from a profit of N27.496 billion in the previous year, attributed to the ongoing petrol price war.

Chinese engineers have initiated an assessment of Nigeria's Warri Refining and Petrochemicals Company, with the goal of modernizing the facility to improve profitability and decrease petroleum production costs. This effort is part of the Nigerian National Petroleum Corporation's (NNPC) plans to revamp the refinery.

The Federal Capital Territory Administration (FCTA) and IHS Nigeria have distributed 10,000 liquefied petroleum gas (LPG) cylinders to households in Abuja. This initiative aims to improve air quality and reduce the incidence of respiratory diseases among residents.