…Atiku has brought to the table the policy alternatives, including what he would do with petroleum subsidy if elected. His policies are about the people and they are not hidden. Come January 2027, Nigerians will make their choice. This is where we are today,” he said. He urged Nigerians to assess the presidential candid…

…countries teamed up with Nigeria and other non-Arab nation to form the Organisation of Petroleum Exporting Countries, OPEC, aimed at controlling the production and price of crude oil. The measure succeeded in the short run. But, it backfired in the long run. Within weeks, the price of a barrel of crude which hitherto h…

By Victor Ahiuma-Young, ABUJA Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, have ushered in a new era with the election of Bosun Olabiyi-Agoro as its elected National President.He took over from Festus Osifo, who is the President of the Trade Union Congress of Nigeria, TUC.Ola…

A new era began for the Petroleum and Natural Gas Senior Staff Association of Nigeria on Saturday as Bosun Olabiyi-Agoro emerged as the new President of the association, succeeding Festus Osifo after six years at the helm. But Olabiyi-Agoro, in his first major address after assuming office, signalled that the battle ag…

…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…

…subsidy system placed a heavy burden on public finances and distorted the country’s petroleum market. Alfindiki also questioned Atiku’s current position, noting that during the 2023 presidential campaign, the former vice president had proposed removing the petrol subsidy within his first 100 days in office if elected.…

…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…

…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…

…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…

…transportation costsChanges aim to enhance competition and affordability in Nigeria's petroleum market while improving access to refined productsPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the eco…

…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…

…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…

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…

…import duty before, at N460, it became one dollar at N1,004, N1,003, N1,005. “The NRS, Petroleum Profit Tax that it collected before, same dollar, higher amount in naira. So, the savings showed up in the Federation accounts by way of higher revenue collections as a result of the reforms.” The minister said the addition…

…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…

…and the economy for over a decade.Retail stations operated by the Nigerian National Petroleum Company Limited (NNPC) have emerged as the cheapest major outlets for petrol in several parts of Nigeria, offering motorists some relief amid renewed volatility in the downstream oil market.Industry data obtained by Legit.ng s…

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…

…for Nigeria’s long-term economic growth. HAI cited key policy interventions, including petroleum sector reforms that ended fuel scarcity, greater foreign exchange market stability, increased foreign reserves, local government autonomy, police reforms, the Nigerian Education Loan Fund (NELFUND), tax reforms, and extensi…

…cost of bringing petrol into Nigeria from abroad has climbed above what Dangote Petroleum Refinery charges for the same product, according to new industry data that points to a widening price advantage for locally refined fuel.Figures published in the Major Energies Marketers Association of Nigeria (MEMAN)'s latest Ene…