Business
PETROAN and Dangote Refinery Team Up to Improve Gas and Fuel Distribution
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has emphasized the importance of issuing gas distribution licenses to petroleum marketers as a key step in reshaping Nigeria’s oil and gas industry.
In a statement released on Tuesday, PETROAN’s spokesperson, Joseph Obele, mentioned the significance of the move. The National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had granted these licenses to oil marketers on the same day.
PETROAN further explained that these licenses were crucial to ensuring the success of Nigeria’s gas expansion plans, which are part of the broader vision of President Bola Ahmed Tinubu’s administration.
The statement outlined that licensees were expected to use their new authorization to contribute to the nationwide distribution of gas, with the goal of covering all 774 local government areas across the country.
In another important development, PETROAN also announced a strategic partnership with Dangote Refinery and MRS, aimed at enhancing the distribution of petroleum products across the nation.
This collaboration is set to provide Nigerians with more value for their money when purchasing Premium Motor Spirit (PMS), while also addressing price disparities by factoring in transportation costs.
It has been noted that there is now an increase in fuel all around Nigeria, from … to 1000 plus in fuel stations.
It was also noted that Dangote Petroleum Refinery increased the price to 1,175 per litre and diesel has been increased to 1,620 per litre.
This new spike in fuel increase has caused Nigerians to lament widely, wondering why this change happened all of a sudden.
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
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