…at the pump are not guaranteedG7 nations plan to release 100 million barrels of oil and petroleum products to cool supply pressuresPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks,…

…technology, energy, stocks, investment, and the economy for over a decade.Nigeria’s petroleum depot market faces intense pricing pressure as weaker demand, aggressive bargaining, and Dangote Petroleum Refinery’s growing influence force suppliers to compete harder for buyers.Frequent adjustments have pushed some depot o…

…Grant Initiative that will give qualifying Nigerian students 10 free shares in Dangote Petroleum Refinery and Petrochemicals FZE after they subscribe to the company's ongoing initial public offering (IPO).The programme is open to students aged 18 and above who are enrolled in public or private tertiary institutions acr…

…given an opportunity to buy petrol at a N66 discount per litre as the Nigerian National Petroleum Company Limited (NNPCL) retail rolls out a special promotion to mark Nigeria’s 66th Independence Day.NNPC announced that the discount applies to every litre of petrol purchased at participating NNPC Retail stations.Nigeria…

…Now, renewed discussions between the Ogun State Government and the Nigerian National Petroleum Company Limited (NNPC) are placing the stalled project at the centre of a broader plan to transform the state’s coastline into an energy, maritime and industrial hub. The talks on the development of the OGLNG project in Ogun…

…a statement said the SGF categorically declared that; “We will not return to the ruinous petroleum subsidy regime of the past”. He said the administration took hard decisions from the day it assumed office. “This administration took office in 2023 and immediately took bold decisions needed to save the nation from immin…

By Uzoma MarvellousThe Dangote Petroleum Refinery is reshaping West Africa’s refined petroleum products market, reducing the region’s reliance on distant imports while increasing the flow of Nigerian products to neighbouring countries, Gary Clark, Associate Director, EMEA Clean Refined Products Pricing at S&P Global Pl…

…market trends.Asiko Energy Holdings Limited has completed a 5,000-metric-tonne Liquefied Petroleum Gas (LPG) and propane terminal in Ijora, Lagos, with the company saying the facility will help it source cheaper cooking gas supplies and reduce prices for Nigerian consumers.The completion ceremony took place on Tuesday,…

The Nigerian National Petroleum Company Limited recorded a 33 per cent increase in profit after tax, to N7.2tn in 2025, despite a decline in revenue amid falling crude oil prices and reduced product volumes. The Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, disclosed this on Tuesday in Abuja during a med…

…Inyang Ekwo found that the NMDPRA's conduct put it in direct conflict with the Petroleum Industry Act 2021Petroleum dealers pushed back on the ruling, raising concerns about product quality and the role of the Dangote Refinery in domestic supplyPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will ap…

…price cut reaches filling stationsThe reduction comes about a week after the Dangote Petroleum Refinery lowered its petrol gantry price by ₦25 per litre.The refinery reduced its ex-depot price from ₦1,350 to ₦1,325 per litre, raising expectations that filling stations supplied by the facility could pass some of t…

…came as the Crude Oil Refinery-Owners Association of Nigeria, CORAN, and the Independent Petroleum Producers Group, IPPG, demanded measures to guarantee reliable and commercially viable crude supplies to domestic refineries. CORAN said some local refineries still struggle to access crude despite Nigeria’s substantial o…

…decades, Nigeria has exported crude while importing significant quantities of refined petroleum products. The lesson is broader than petroleum: resource ownership without domestic value addition does not automatically produce industrialisation. Mahama therefore placed industrialisation, jobs and mineral processing at t…

…of all three aircraft to the government.Dantata founded MRS Holdings, the downstream petroleum group with fuel stations across Nigeria, and belongs to the Kano-based Dantata business family. Customs seeks ownership and disposal powersThe motion, dated June 2026, seeks final seizure, condemnation and forfeiture under se…

…possible downward adjustment by other filling stations, including the Nigerian National Petroleum Company Limited, NNPCL, which rely on petrol from Dangote Refinery. BREAKING: Dangote Refinery: MRS filling stations reduce fuel price

…ceasefire tied to reopening the Strait of Hormuz, a key route for global crude oil and petroleum-product shipments.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Depot prices fell sharply the previous weekThe rebound follows a broad-based drop in depot prices between Monday, September…

…regulations would require fair access to pipelines, depots, jetties and other essential petroleum infrastructureCourt orders continued import licences for three marketers as Dangote separately challenges fuel importsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google fe…

…to domestic refineries in July, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).Nigeria Gets More Petrol From Dangote Refinery as Crude Supply to Local Refineries Surges>PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!The regulator disclosed th…

…in July, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The Authority revealed this in its August 2026 Midstream and Downstream Sector Factsheet released yesterday which showed that crude supply to domestic refineries increased by 16.75 percent month-on-…

…because he has produced more of the things we all need, from sugar and cement to refined petroleum. How many of those politicians and so-called businessmen who bought off previously state-owned enterprises have been able to turn them around and add value to them, let alone build new large-scale ventures from the start?…

By Udeme Akpan Kenyan President William Samoei Ruto has described the Dangote Petroleum Refinery as “a masterpiece of science, engineering and art” following a tour of the world-class facility in Lagos, while reaffirming Kenya’s commitment to partnering with Dangote Group on the proposed $17 billion East African Oil Re…

…day in office in May 2027. He also outlined plans for a targeted production subsidy on petroleum products refined in Nigeria and sold domestically, to be governed by a spending cap, public accounting and independent auditing."Nigerians do not eat FAAC figures. A full treasury is no answer to an empty kitchen," he said.…

…rise in global crude prices can therefore increase the cost of petrol, diesel and other petroleum products, even when domestic refining capacity expands.The impact goes beyond motorists. Higher diesel and petrol prices raise transportation and logistics costs, increase the cost of moving food and goods, and put pressur…

…below:Dangote increases petrol price by N85Legit.ng earlier reported that the Dangote Petroleum Refinery has raised its ex-gantry price for petrol by N85 per litre over the weekend, bringing the new wholesale price to N1,350, as rising global crude oil costs put pressure on Nigeria's fuel market.

Nigerian National Petroleum Company Limited (NNPC Ltd) has reiterated its commitment to activate multiple pathways aimed at transforming Nigeria into a global gas hub. The Executive Vice President, NNPC, Gas, Power & New Energy, Olalekan Ogunleye disclosed this on Monday, while speaking at the 2026 Gas Technology & Exh…