Business
Nigerians Buy One Million Air Conditioners Annually, Says UN
Published
2 years agoon
By
Editor
Nigeria must not be dumping ground, FG Warns
Nigeria must not be a dumping ground for air conditioners and refrigerators with energy efficiency ratio that are below internationally acceptable minimum energy performance standard, the Federal Government declared on Thursday.
This came as the United Nations says Nigerians purchase about one million air conditioners every year.
Meanwhile, the Federal Government told the Nigeria Customs Service, Standard Organisation of Nigeria, and other relevant agencies, to be alive to their responsibilities, stressing that the influx of substandard cooling appliances posed danger to the climatic conditions across the country.
This came as the United Nations Environment Programme announced that over one million air conditioners were sold annually in Nigeria, adding that this was eating deep into the finances of Nigerians with respect to energy bills.
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Speaking at the National Stakeholders’ Consultative Workshop on Energy Efficient and Climate-Friendly Cooling in Nigeria, the Minister of Science, Technology and Innovation, Adeleke Momara, said the enforcement of laws should be intensified.
After listening to a presentation by the UNEP Programme Management Officer, Brian Holuj, on the magnitude of pollution caused by the influx of substandard cooling devices imported into Nigeria, Mamora charged the NCS and SON to be alive to their duties.
“I listened to your presentation and certain issues were raised in it. There is the issue of monitoring and enforcement of protocols. Often times, we have beautiful policies and laws, but it is not the beauty of the policy, guideline or law that matters. It is the zeal for implementation that is most important.
“You mentioned this issue of Minimum Energy Performance Standard. What I think is that you have a minimum standard, but if there is no compliance with that, then we cannot get results. And if we must get results, it means the enforcement agencies must be alive to their responsibilities.
“The customs, Standard Organisation of Nigeria, and other relevant agencies need to be alive to their responsibilities and ensure that Nigeria does not become a dumping ground, where you just bring in all sorts of products that are not in line with what we expect by way of standards,” the minister stated.
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He said the workshop, which was organised by the Energy Commission of Nigeria and UNEP, was aimed at promoting energy efficiency best practices in the cooling sector in Nigeria.
Momara said UNEP officials flew into Nigeria to support the country’s transition from inefficient cooling appliances to the most efficient ones in line with Nigeria’s commitment to mitigating climate change challenges.
He said, “It is a fact that Nigeria is the largest market in Africa, and this also applies to the cooling sector. With the current growing population, combined with improving lifestyle, urbanisation and rising global warming, Nigeria will continue to experience growing demand for air conditioners, refrigerators and other cooling devices.
“Thus becoming one of the fastest growing air conditioners and refrigerators market in the world. Unfortunately, most of the air conditioners utilised in the country have an energy efficiency ratio below internationally acceptable minimum energy performance standard.”
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Business
NNPCL Reduces Fuel Price After Dangote Refinery’s Adjustment
Published
1 week agoon
August 14, 2025By
Editor
The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday, according to DAILY POST.
It was confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945.
This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza, Central Area, Wuse Zone 4, Wuse Zone 6, and other of its filling stations in the nation’s capital.
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The latest downward review of fuel price in NNPCL outlets represents an N55 reduction in fuel pump price.
“It was reduced to N890 per litre this afternoon, down from N945,” an NNPCL fuel attendant told DAILY POST anonymously on Thursday.
This comes a Nigerian filling station, MRS Empire Energy, on Thursday adjusted their fuel pump price to N885 and N946 per litre, down from N910 and N955 per litre.
The latest fuel price reduction trend is unconnected to Dangote Refinery’s ex-depot petrol price adjustment by N30 to N820 per litre from N850 and the price of crude oil in the international market.

Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly known as petrol, by N30, from N850 to N820 per litre, effective from August 12, 2025.
This was disclosed in a statement by the company’s spokesman, Anthony Chijiena, on Tuesday.
The 650,000-barrel-per-day plant said the move is part of its unwavering commitment to national development, assuring the public of a consistent and uninterrupted supply of petroleum products.
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“In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 CNG-powered trucks for fuel distribution across Nigeria, effective August 15, 2025,” said Chijiena.
The announcement comes as the refinery prepares to commence direct fuel distribution nationwide. The development is expected to lead petroleum product marketers to reduce their pump prices in the coming days.
In Abuja, the retail fuel price stood between N885 and N970 per litre as of Tuesday evening.
Business
Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US
Published
2 weeks agoon
August 11, 2025By
Editor
India Refineries have abandoned Russian crude for Nigerian crude, while domestic refiner Dangote Refinery relies heavily on West Texas Intermediate crude from the United States of America.
This followed a recent sanction threat by US president Donald Trump on India over continued patronage of Russian crude.
According to Reuters, industry sources said that Indian Oil Corporation recently bought one million barrels of Nigeria’s Agbami crude for September 2025 delivery in a tender awarded to global trader Trafigura.
Also included are one million barrels of Angola Girassol, one million barrels of US Mars, three million barrels of Abu Dhabi Murban, and two million barrels of Nigerian oil, according to Reuters.
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The report noted that the purchase is part of a broader sourcing spree that has seen Indian refiners secure millions of barrels from non-Russian sources post July 2025.
Meanwhile, Indian refiners secured purchases of Nigerian crude grades; the $20bn Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, is relying on around 60 percent on US and other imoorts to feed its processing units.
Data showed that the refinery imported an average of 10 million barrels in July 2025, saying it was increasingly relying on the US for its feedstock despite the naira-for-crude deal with the Federal Government, which kicked off in October last year.
According to Reuters, the Indian Oil Corp and Bharat Petroleum have bought a million barrels of non-Russian crude billed for delivery in September and October after the US pressured India to halt purchases from Russia.
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Indian state refiners had been largely absent from the Nigerian crude market spotlight since 2022; they have in the past concentrated on Russian crude amid the Russian-Ukrainian war. However, the Indian refiners paused Russian purchases in late July 2025 after pressure from US President Donald Trump.
On the part of Dangote Refinery, data from commodities analytics firm Kpler showed that in July, US barrels accounted for about 60 percent of Dangote’s 590,000 barrels per day of crude intake, with Nigerian grades making up the remaining 40 percent.
In July, the Dangote refinery’s crude imports surged to a record 590 kbd—driven largely by US barrels overtaking Nigerian supply for the first time—amid ongoing domestic sourcing challenges, Kpler reports.
“While WTI has held a significant share in Dangote’s import slate since March, this is the first time US crude has overtaken Nigerian supply—a shift driven by several factors,” Kpler stated.
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