HOMAH🐴
185 posts

HOMAH🐴
@omoiyajunction
Breaking down Nigeria energy, refineries & money in plain English 🇳🇬 $0 → $200M in 10yrs. Building in public. Python + Energy Data ↓





Dangote pitied us and reduce ex-gantry petrol price by N50, bringing it down from ₦1,125 to ₦1,075 per litre after he received ₦593 Billion as dividends from cement

A new prediction by Citi suggesting that Brent crude prices could fall to $60 per barrel by the end of the year would mean increased challenges for Nigeria’s economic outlook. A substantial shortfall in anticipated revenues could widen Nigeria’s fiscal deficit, resulting in cuts to public spending with current production at this rate and oil prices falling below $60 per barrel.




Dangote Refinery claimed petrol prices don’t track the daily crude oil price mechanism, but price action showed a rapid upgrade in petrol prices in March

Statutory remittances by the Nigerian National Petroleum Company (NNPC) Limited has risen significantly, reaching N4.85 trillion in May, from N726 billion in January 2026. This increase is on the back of the implementation of executive order 9, signed by President Bola Tinubu earlier this year. The presidential directive effectively stripped the national oil company of its historic revenue-deduction powers, specifically halting its ability to withhold the controversial 30 percent Frontier Exploration Fund and 30 percent management fees at the source...

A new prediction by Citi suggesting that Brent crude prices could fall to $60 per barrel by the end of the year would mean increased challenges for Nigeria’s economic outlook. A substantial shortfall in anticipated revenues could widen Nigeria’s fiscal deficit, resulting in cuts to public spending with current production at this rate and oil prices falling below $60 per barrel. nairametrics.com/2026/07/03/nig…

BREAKING: President Bola Tinubu has inaugurated West Africa’s largest lithium processing plant in Nasarawa State, Nigeria 🇳🇬 with a daily processing capacity of 6,000 metric tonnes and an annual processing capacity of three million metric tonnes.



Nigeria’s crude oil and condensate production hits highest level in one year (May 2025-May 2026)
May 2025: 1.63mb/day
Jun 2025: 1.68mb/day ⬆️
Jul 2025: 1.69mb/day ⬆️
Aug 2025: 1.64mb/day ⬇️
Sep 2025 : 1.61mb/day ⬇️
Oct 2025: 1.58mb/day ⬇️
Nov 2025: 1.60mb/day ⬆️
Dec 2025: 1.54mb/day ⬇️
Jan 2026: 1.64mb/day ⬆️
Feb 2026: 1.51mb/day ⬇️
Mar 2026: 1.56mb/day ⬆️
Apr 2026: 1.68mb/day ⬆️
May 2026: 1.73mb/day ⬆️
mb/day: million barrels per day






Average petrol prices per litre in some West African countries (June 29, 2026)
1. Nigeria 🇳🇬: N1,127.10
2. Niger 🇳🇪: N1,198.66
3. Liberia 🇱🇷: N1,514.16
4. Togo 🇹🇬: N1,741.55
5. Benin 🇧🇯*: N1,741.55
6. Guinea 🇬🇳: N1,890.33
7. Ghana 🇬🇭*: N1,990.29
8. Burkina Faso 🇧🇫*: N2,041.81
9. Mali 🇲🇱: N2,101.87
10. Ivory Coast 🇨🇮*: N2,101.87
11. Senegal 🇸🇳: N2,209.96
12. Sierra Leone 🇸🇱*: N2,316.09
13. Cape Verde 🇨🇻*: N2,330.12
*Prices updated weekly. Others are updated monthly






