…over the latter’s comments on his proposal to introduce a targeted intervention in the petroleum sector if elected president in 2027. Tinubu, while hosting Osun Governor Ademola Adeleke on Thursday, had described Atiku’s promise to restore fuel subsidy as evidence of “serious ignorance” […] The post You lack understand…
Nigeria may possess one of Africa’s largest hydrocarbon endowments, but the Petroleum and Natural Gas Senior Staff Association of Nigeria has warned that the country can no longer rely on the sheer size of its oil and gas reserves to win the increasingly competitive battle for global investment capital. PUNCH Online re…
…former Vice President Atiku Abubakar to explain how he would fund his promise to restore petrol subsidy if elected president in 2027. Alfindiki, in a statement made available to journalists in Kano on Friday, said Nigerians deserve clear answers on how a renewed subsidy regime would be financed without putting more pre…
…for Energy Accountability and Development (CFEAD) has commended the Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for what it described as significant progress in restoring confidence and attracting investment into Nigeria’s oil and gas industr…
…fuel subsidy if elected in 2027Onanuga argued the subsidy plan conflicts with the Petroleum Industry Act and could undermine Nigeria's growing domestic refining capacityThe presidency questioned how the subsidy would be funded and whether Atiku would seek to amend existing petroleum legislationPAY ATTENTION: Mark Legit…
…Government’s rural women empowerment initiative and the distribution of Liquefied Petroleum Gas cylinders in Uyo, the state capital, on Thursday. Eno, who described women’s empowerment as critical to social welfare and a major component of his administration’s ARISE Agenda, said at least 300 women would be selected fro…
…on penalties, when a strait most people had never thought about pushed up the price of petrol The post A World Cup, a feud and a meme called ‘Six Seven’: Summary of what Nigerian have Googled from January to July this year appeared first on Tribune Online.
…reduction in pipeline losses and improved security of oil assets. The Nigerian Upstream Petroleum Regulatory Commission’s July report showed that oil losses through pipelines had fallen to historical lows. Nigeria’s combined crude oil and condensate production also rose to approximately 1.735 million barrels per day in…
…the African Democratic Congress presidential candidate, Atiku Abubakar, to restore the petrol subsidy if elected in 2027 as a demonstration of “serious ignorance” of governance and the economy. Tinubu said this while receiving Osun State Governor Ademola Adeleke at the Presidential Villa, Abuja, following his re-electi…
…being summoned," he said.Subsidy restoration and military welfareOn the removal of the petrol subsidy, Atiku was direct. He said the policy had failed to translate into any meaningful improvement in the daily lives of Nigerians, and he would reverse it upon assumption of office, Vanguard reported. He also weighed in on…
…he had alleged that fuel subsidy was?” he queried. The minister noted that under the Petroleum Industry Act, the Nigerian National Petroleum Company NNPC Limited has been fully commercialised and is no longer the sole importer or producer of fuel, making Atiku’s promise difficult to actualise. “Is he going to give fuel…
Dangote Petroleum Refinery raised its diesel gantry price by N100 per litre, effective from midnightThe new price of N1,670 per litre is N21 above the diesel landing cost but still N30 below what several Lagos depots currently chargeNigerian businesses that rely on diesel-powered generators could face higher operating…
…individuals to revive Nigerian refineries and carry out reforms in the country’s petroleum sector. According to him, Nigeria needs more “mad men”—his description of courageous public officials prepared to confront powerful interests, dismantle dysfunctional systems and deliver measurable results in the country’s oil an…
Dangote Refinery expands free petrol delivery to 10 states, lowering ex-depot price to ₦1,165 per litreEligible bulk fuel buyers can benefit from a 10-day credit facility and reduced transportation costsChanges aim to enhance competition and affordability in Nigeria's petroleum market while improving access to refined…
…gantry price reduction. Checks by DAILY POST showed that MRS, Nigerian National Petroleum Company Limited (NNPCL), AA Rano, Nigerian Independent Petroleum Company (NIPCO), Emedab and other filling stations in Abuja and its environs have reduced their petrol prices to between N1,210 and N1,275 per litre, down from N1,30…
…fertiliser and other agricultural inputs, while expanding irrigation through solar and petrol-powered pumps, tube wells and other interventions. “These investments are deliberately designed to strengthen food production because the most sustainable response to food insecurity is to empower our farmers to produce more f…
…and December 2025 to ease the effects of its economic reforms, including the removal of petrol subsidy. According to the government, the policies generated N15.8tn in savings for the Federation, while additional expenditure exceeded the extra resources available to the Federal Government by N10.24tn. Read here: https:/…
…activity would also strengthen industrial output, reduce dependence on imported refined petroleum products and improve Nigeria’s external position. “Moreover, manufacturing activity is expected to sustain growth momentum as lower inflation, continued exchange rate stability, and improved foreign exchange liquidity ease…
…to Nigeria’s production within the next four to five years, the Nigerian Upstream Petroleum Regulatory Commission has said. The Executive Commissioner for Development and Production at the NUPRC, Enorense Amadasu, disclosed this during an interview on NTA where he represented the Commission Chief Executive, Oritsemeyiw…
…areas, power tanks have become an increasingly attractive option compared to traditional petrol or diesel generators. They run silently, require no fuel purchases, and do not produce the fumes associated with generator use indoors or in tightly packed residential buildings.The cost, however, remains a significant barri…
Heavy truck traffic surges at Dangote Petroleum Refinery as marketers flock for competitive pricingDangote undercuts Lagos depots, with significant price gaps driving direct purchases from the refineryLower procurement costs may lead to adjusted pump prices, intensifying competition in the downstream marketPAY ATTENTIO…
The Federal Government said on Wednesday that the removal of petrol subsidy and the unification of the foreign exchange market generated N15.8tn in additional resources for the Federation between June 2023 and December 2025, with states and local governments receiving the larger share of the amount. The government, how…
…degree in Industrial Relations and Personnel Management, has gotten a job with Dangote PetroleumAugustine joined Dangote Petroleum and Petrochemicals as an HR Business Partner in Technical Support, marking a major milestone in his HR careerHe shared his excitement on LinkedIn, expressing gratitude to God and everyone w…
NNPC retail stations offer the cheapest petrol in Nigeria at N1,205 per litre, amid rising oil market volatilityDangote-affiliated stations sell petrol above N1,200, highlighting competition in Nigeria's deregulated fuel marketRising depot prices and crude oil tensions signal potential pump price increases for motorist…
By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals FZE, DPRP, has secured $1 billion in underwriting backing from Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group ahead of its planned initial public offering, IPO. The $1 billion programme comprises a completed and funded $600 million private pl…