…Oyedele, has said Nigeria does not currently have enough crude oil to supply the Dangote Petroleum Refinery with its daily requirement of 700,000 barrels. Oyedele explained that the country was yet to reach a production level that would enable it to meet the refinery’s entire crude oil demand while also satisfying othe…

…clarified that President Bola Tinubu’s administration is not restoring the subsidy on petroleum products. Recall that Tinubu declared an end to the fuel subsidy regime during his presidential inauguration in Abuja in 2023. The removal led to an increase in the pump price of fuel across the country. On Thursday, Oyedele…

…Taiwo Oyedele, had announced a 30-day fuel price discount at all Nigerian National Petroleum Company Limited, NNPCL, filling stations across Nigeria. However, the former vice president accused the president of copying his proposal for fuel subsidy removal. Addressing journalists in a video, Atiku said: “Wait a minute B…

…government announced a 30-day petrol discount scheme through the Nigerian National Petroleum Company Limited's retail network.Public transport operators are expected to receive priority under the initiative, while NNPC plans to forgo its retail profit margin to reduce pump prices for customers.The measures are intended…

…of Nigerian Students, North-Central Zone, has urged the Federal Government and relevant petroleum regulators to address the impact of rising petrol prices on transportation costs, warning that the burden is making education increasingly expensive for students. The association also called on Aliko Dangote and the manage…

…Ojelu LAGOS — The approximately US$1.5 billion Initial Public Offering, IPO, of Dangote Petroleum Refinery & Petrochemicals FZE has been completed, with AELEX acting as Solicitors to the Offer in the landmark transaction. The offering is the largest single IPO undertaken in Africa and the first public offering by a Fre…

…plans to introduce a temporary margin discount on petrol sold by the Nigerian National Petroleum Company Limited for an initial 30 days, prioritising public transport operators nationwide.The minister said the discount would involve selling petrol at cost and would not constitute a return to fuel subsidy. Other proposa…

…The government will offer a margin discount on petrol dispensed by the Nigerian National Petroleum Company Limited for the next 30 days. “We are offering a discount on petrol dispensed by NNPC Limited for the next 30 days, with priority for public transporters nationwide,” Oyedele said. Oyedele said the measure was not…

…Abuja, Lagos, Other States>In Lagos, for instance, some retailers were selling Liquefied Petroleum Gas (LPG) for as much as ₦1,600 per kilogramme, meaning a 12.5kg cylinder costs about ₦20,000 to refill.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!The latest figures come as Niger…

…Nigeria would qualify under the arrangement, effectively excluding importers of refined petroleum products from the scheme.Reactions to Amaechi's fuel planThe proposal generated debate on social media, with several Nigerians questioning its practicality.@NigIsland wrote: "Amaechi is simply repackaging subsidies under a…

…names 20 companies cleared to buy its petrolEarlier, Legit.ng reported that the Dangote Petroleum Refinery has named 20 petroleum marketers authorised to buy Premium Motor Spirit (PMS) from its facility, introducing a consortium-based structure that reshapes how petrol from the plant reaches the Nigerian market.A commu…

The Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) is now open. The offer is expected to run from Monday, 14 September to Tuesday,13 October 2026, giving eligible investors an opportunity to acquire shares in the company. The offer comprises 4.1 billion ordinary shares at ₦525 per share…

…up to two million Nigerian women through the ongoing Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE. The initiative, which was announced by the foundation recently, is aimed at increasing women’s participation in Nigeria’s capital market, particularly among low- and middle-income earners a…

…he had a plan to cut petrol prices significantly for NigeriansDuke argued that petroleum products for local consumption should be priced based on production costs, not international market ratesThe former Cross River governor outlined a crude oil allocation strategy he said would make his proposed pricing model possibl…

…Financial Crimes Commission has asked the Federal High Court in Abuja to reject former Petroleum Resources Minister Diezani Alison-Madueke's argument that her acquittal by a United Kingdom court affects forfeiture orders covering assets linked to her.In a further counter-affidavit, the EFCC opposed Alison-Madueke's app…

…committed to working with the state government, host communities, the Nigerian Upstream Petroleum Regulatory Commission and other stakeholders to resolve the crisis. Wilbert said the immediate priority was to complete the ongoing technical operations, including installation, stopping the spill and pressure testing, req…

…structure recently approved by the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, Bayo Ojulare. The workers gave the NNPCL management a 48-hour ultimatum to implement the new salary structure or risk the total shutdown of the Port Harcourt Refining Company, located in Eleme, Rivers Sta…

…Crimes Commission (EFCC) has opposed the application filed by former Minister of Petroleum, Diezani Alison-Madueke, to present evidence of her acquittal by the Southwark Crown Court, London, UK. EFCC, in a further counter-affidavit to Diezani’s request, prayed Justice Inyang Ekwo to dismiss the application. The commiss…

…reduced their petrol pump prices as competition intensifies in the country's downstream petroleum market.Checks by Legit.ng showed that MRS and Ardova filling stations in Lagos have reduced their petrol prices to N1,355 per litre.Petrol prices drop again as MRS and Ardova cut pump prices Photo: BloombergImagesThe lates…

…the final figure households pay at the retail level.At the plant level, liquefied petroleum gas (LPG) was sold at about N1,350 per kilogram in Lagos, N1,300 in Osun, N1,400 in Ogun, and N1,200 in Oyo.Cooking gas prices hit N1,600 per kg in Lagos as households face rising living costs. Photo: NurphotoImagesBy the time t…

…in their operating and procurement costs. He appealed to relevant stakeholders in the petroleum industry to promote pricing transparency and ensure consumers benefit from favourable market conditions. Mr Chinedu Ukadike, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPM…

…Polytechnic graduate, announced her new role as an Electrical Technician at Dangote Petroleum Refinery & Petrochemical FZEEjike earned a Higher National Diploma in Electrical Engineering before securing the position at one of Africa's largest refineriesShe shared her excitement and gratitude on LinkedIn on 3 October 20…

One person has been confirmed dead while another sustained serious injuries in a petroleum tanker inferno opposite the Odukpani Local Government Secretariat, Odukpani, Cross River State. The incident occurred on Saturday, October 4, 2026, when a tanker conveying petroleum product was involved in a road traffic accident…

…during the period, according to an analysis of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s monthly fact sheet. The data analysed on Friday showed that domestic aviation turbine kerosene receipts averaged about 3.1 million litres daily over the eight months, with supplies falling to 1.6 millio…

…The Federal Government’s Special Prosecution Team of the Inter-Agency Task Force on Petroleum Theft said that since its inception, it has secured 137 convictions of oil thieves from different courts of competent jurisdiction. This comes as the Nigerian Navy and the Inter-Agency Task Force discovered a 40,000-litre capa…