News
Dangote increases price of petrol, one week after direct distribution plan
Dangote Petroleum Refinery and Petrochemical (DPRP) has raised its ex-depot price of Premium Motor Spirit (PMS), otherwise known as petrol by N55 from N825 to N880 per litre.
Though the company did not make the hike public, TheCable quoted Abubakar Shettima, National President of the Independent Petroleum Marketers Association ot Nigeria (IPMAN), as confirming the new development on Saturday.
“We are aware that the refinery has reviewed the price to N880 per litre. Our members have been informed,” he was quoted of the development, which seems the first time the company, which has reduced the price of the product on about three occasions since December last year, is taking this step.
On Sunday, June 15, the company announced that it would commence the direct distribution of products to end users nationwide with the acquisition of 4,000 new Compressed Natural Gas (CNG)-powered tankers, as well as credit facility for the customers.
Hear him: “This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability, and supporting Nigeria’s economic development.
“It affirms our dedication to improving the availability and affordability of fuel in support of broader efforts to strengthen the economy and improve the well-being of all Nigerians.
“Under this initiative, all petrol stations purchasing PMS and diesel from the Dangote Petroleum Refinery will benefit from this enhanced logistics support.
“Key sectors such as manufacturing, telecommunications, and others will also gain from this transformative initiative, as reduced fuel costs will contribute to lower production costs, reduced inflation, and foster economic growth. Players in these key sectors and others can purchase directly from the Dangote Petroleum Refinery,” Tony Chiejina, spokesman of the company, had said in a statement.
But in a quick riposte, oil marketers under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), on Tuesday cried out to the Federal Government and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), urging them to halt the company’s move, saying it was a killer punch to their own source of daily bread.
Billy Gillis-Harry, PETROAN President, who trumpeted the cries of his members while appearing on The Morning Brief, a breakfast programme on Channels Television told his host on Tuesday: “If one company that is as massive as our brother’s (Aliko Dangote) can do all of this, of course, it is going to take us out of business.”
While insisting that regulators must correctly interpret and enforce the Petroleum Industry Act (PIA) in this regard to protect the jobs of tanker drivers and owners, he argued: “There are rules for that and I don’t think one company should take the responsibility to interpret and operationalise what the regulators should do. We need the regulators to interpret very efficiently.
“Right now, we are struggling to feed family and get things going and suddenly we are going to be out of business from August. It is going to take us transporters, many retail outlets owners and marketers out of business and that will affect all the jobs that have been created by these operators in this sub-sector.
“We don’t want one strong man but many strong men. We hope that the industry leaders would be able to get everybody together on the same table to address issues so that everybody will be at peace. Yes, it is competition but competition of what size? Is it a competition of one winner takes all? It should be a competition of everybody winning and Nigerians winning on the ultimate term.
“We are not sitting down. PETROAN is also gathering momentum to be able to look for alternatives on how we can source our product for our teeming members. There is a PIA that has been passed and is functioning that rules the industry. Pricing is regulated by Article 207. Licensing also has its procedures and processes.
“Everybody has to have a license to operate in a certain way. So, if you have a license to operate as a refinery, please refine and let those who have licensing and operational permits also do so. Let those who have operational permits and requirements for logistics do so. And those of us who have operational approvals for retail outlets should also do our bits and do it effectively.”
Justice Muhammad Nuraddeen Bello of High Court sitting in Sokoto State has sentenced three men, including a foreign national, to death by hanging, after convicting them on charges bordering on terrorism and arms proliferation.
The convicts, Yusuf Muhammad (alias Sallau), a Nigerien; Jabbi Alhaji Yalle; and Kabiru Muhammad, were apprehended on 13th June, 2025, by the Department of State Services (DSS) Counter Terrorism Unit in connection with cross-border criminal activities bordering on arms trafficking and terrorism.
Bello, who found all three defendants guilty as charged and sentenced them to death by hanging, while also ordering the forfeiture of all monetary exhibits recovered from the convicts to the Federal Government, said: “The conviction is the latest in a series of successful prosecutions by the DSS in its sustained operations against terrorism and organised cross-border criminal networks across Nigeria.”
The sentencing is coming about two weeks after the Federal High Court sitting in Abuja sentenced each of the five suspects arrested on May 31, 2026, by the DSS for their involvement in the November 21, 2025, attack on St Mary’s Catholic School, Papiri, Niger State, to 25 years’ imprisonment.
Justice Binta Nyako, had handed down the judgment after the men, including two Nigeriens, pleaded guilty to all four terrorism-related charges, bordering on support for the commission of an act of terrorism, breaching both Section 16 of the Terrorism (Prevention and Prohibition) Act, 2022, and the Firearms Act, were pressed against them.
According to Count One, the men were accused of jointly conspiring to assist a terrorist by agreeing and intentionally playing various roles towards conveying 15 AK 103 rifles as well as about 1,434 rounds of 7.62mm live ammunition from the Diffa region, Republic of Niger, to one Malam Ahmad, a member of the Boko Haram terrorist group based in Borgu, Niger State, and thereby committed an offence contrary to Section 26(1) of the Terrorism (Prevention and Prohibition) Act, 2022.
Primate Elijah Ayodele, is on the verge of coughing out a whopping N10billion, if he fails to offer unrestrained apology to Rabiu Musa Kwankwaso, former Governor of Kano State within the next 24 hours, and retract his claim that the former Minister of Defence is bidding his time to betray Peter Obi, to whom he is to contest the 2027 presidential election as a running mate.
Without doing so, the controversial cleric, should be ready for a major court battle with the vice-presidential candidate of the Nigeria Democratic Congress (NDC), the platform on which the pair is to contest the election.
In a letter indicating a legal action against Ayodele of the INRI Evangelical Spiritual Church over defamatory remarks, Kwankwaso, through Magaji Mato Ibrahim, SAN & Co., his lawyers demanded an immediate retraction and apology from the cleric over the allegations.
Details of the letter, dated June 11, and unveiled through the X platform of the legal team, was based on a viral video recorded during a live-streamed church service, where the preacher made allegations targeting Kwankwaso’s integrity as Peter Obi’s running mate under the NDC.
Quoting the cleric as stating: “KWANKWASO IS A FAKE TO OBI, KWANKWASO WILL BETRAY YOU. KWANKWASO HAS BEEN PAID TO BE VICE PRESIDENT TO OBI AMONG OTHER LIBELOUS COMMENTS WHILE PRETENDING TO BE A PREACHER,” the former governor said the comments were unprovoked, grossly unfounded, and carefully designed to create a rift within the ranks of the political party and its supporters.
Handing Ayodele a 24-hour ultimatum to publish a full and unequivocal retraction across all social media platforms and news outlets with the same prominence as the original video, they also demanded a written undertaking that he would cease and desist from making any further malicious statements against their client, warning that failure to comply, would lead to full legal actions.
The letter stated: “We shall claim substantial damages to the tune of Ten Billion Naira and cost of the action on a full indemnity basis amongst other reliefs.”
President Bola Ahmed Tinubu on Tuesday demanded the immediate end to the exportation of minerals from countries in Africa in their raw forms, which he said had led to massive exploitation of the continent.
The President, told member countries of the African Minerals Strategy Group (AMSG), a forum of Ministers in charge of Mining and Solid Minerals on the continent to speak with one voice to promote, collective interests, ensure value addition, and prevent the continent from becoming merely a source of raw materials for the rest of the world.
As the Grand Patron of the group, chaired by Dele Alake, Nigeria’s Minister of Solid Minerals Development, gave the charge while receiving a delegation of AMSG in the State House, Tinubu told the delegation that the group had a critical role to play in strengthening Africa’s bargaining power in the global mineral market and ensuring that the continent derives maximum value from its natural resources.
His words: “ What we should do is avoid bureaucracy and deceit; we must put an end to exploitation. The rest of the world won’t mind if your country is a cesspit of dams and rubbish and excavates your raw materials without giving value.
“It is our responsibility to collaborate and cooperate to ensure that these metals and minerals bring value to us, bring technology to us, and we can do it. It is how much each country will put into the research, development and refinery. I don’t see reasons we cannot demand centralisation of that conversation somewhere on the continent. So why not utilise that in our research and development and knowledge-based economy to enhance the quality of life and bring prosperity to our people.”
Emphasising that Africa possessed enormous mineral wealth that should be strategically harnessed to drive industrialisation, create jobs and accelerate economic transformation across the continent, the President, said the era of exporting raw minerals without local processing and beneficiation must give way to a new model that encourages investment in local industries, technology transfer and the development of value chains that retain wealth within Africa.
Alake, who had earlier expressed gratitude to the President for his exemplary leadership under the Renewed Hope Agenda, said the gesture had shown support for Nigeria’s mineral sector, especially in the local value-addition and economic diversification drive, where artisanal miners are empowered.
He told the President: “You encouraged us to look at the focal point of the establishment of this group, which is to ensure that the African natural resources, especially with regards to minerals, critical matters, are localised, the beneficiation coming directly to Africans generally.
“You charged us that we should set our sails very high and ensure that local value addition is a pivot around which all the objectives of this organisation should revolve.
“So, sir, we have gone implemented your charge and we are quitted that today local value addition is reverberating all over Africa.”
He added that some member countries have gone ahead to ban the export of raw minerals.
He explained members of the body were in Abuja for the Fifth edition of the African Natural Resources and Energy Investment Summit (AFNIS 2026), to push for a new continental approach to resource management and industrial development.
-
News3 weeks agoBREAKING: Terrorists strike Ibadan again! Abduct ex-Minister’s sister, twin children
-
News2 weeks agoBREAKING: Troops rescue wife of kidnapped General! *Terrorists flee scene
-
News3 weeks agoEmeka Ike: I’ll make example of Lere Olayinka for prying into my privacy
-
News2 weeks agoBREAKING: Count me out, Okonkwo tells Atiku *Amaechi VP’s choice an insult to Ndigbo
-
News4 weeks agoTinubu’s $9million lobby deal in jeopardy *Group goes after US firm
-
News2 weeks agoDickson: Obi, a big asset to NDC, we’re working together … but!
-
Columns4 weeks agoAtiku-Amaechi tag-team: An indication of ADC’s hideous plan for Obi
-
News2 weeks agoOvia, ex-Zenith Bank boss swings into luxury apartments *Flats hit $2.8million price tag