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Crude Price Surge: Importers, Depots Hike PMS to N940, Dangote Maintains at N825/L

The volatility of crude oil prices in the international market has had a negative impact on Nigeria’s downstream oil sector, with importers and depot operators raising petrol prices to between N905 and N940 per litre. In contrast, Dangote Petroleum Refinery has maintained its ex-depot price at N825 per litre. According to data gathered, Rainoil increased its price to N920 from N850 per litre, while Fynefield and Mainland raised their ex-depot prices to N930 and N920, respectively, an increase of N50 and N10. Additional pricing data showed Sigmund selling at N920 per litre, Matrix Warri at N910, and NIPCO rising sharply to N920 from N827 the previous week. Aiteo was reported selling petrol at N920 per litre. Further increases were recorded as Swift Oil moved to N920, Emadeb and Wosbab to N910, and First Royal to N905. Pinnacle made the most significant adjustment, now selling at N940 per litre. These price hikes follow sustained gains in global crude oil markets, with Brent crude tradin...
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Energy Group Knocks PETROAN, Accuses Marketers of Sabotaging Petroleum Sector Reforms

The Centre for Oil Sector Accountability and Reform (COSAR) has dismissed claims by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) that Dangote Refinery’s business model poses a threat to competition and employment in the downstream petroleum sector. In a detailed statement issued on Monday by Dr Raymond Osaremen Okojie, president of COSAR, the group said PETROAN’s criticisms of the refinery’s adoption of a forward integration strategy and its planned use of a private sector equalization system reflect a fundamental misunderstanding of free-market economics. “The recent statement credited to PETROAN on the impact of the introduction of a private equalization fund betrays the very ethos of running a free market,” Dr Okojie said. “What Dangote is offering is a private sector equivalent of the petroleum equalization fund that was established in 1975 by General Yakubu Gowon, amended in 1989 by General IBB, and modified into bridging allowances in 2021.” He ex...
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Exposed: Zamfara State Speaker, Bilyaminu Moriki Full Military Kitted Pictures Emerged With Suspected People Alleged To By Bandits In Zurmi Local Governments Forest

  As the Nigerian Security Forces are recording success dialy on the ongoing fight against bandits in the Northwest, the full Military kitted pictures of the Zamfara State House of Assembly Speaker Hon. Bilyaminu Moriki emerged from one of the no go area forest in Zamfara having pleasantries with some Fulani's believed to be bandits terrorizing Zurmi local government area of Zamfara State.   Investigations from Moriki Locals revealed that, the bandits dent visited by the Honourable Speaker is that of Kachallah Dammaka Dole situated in Moriki death Zone no go area under Zurmi local government.   It was also confirmed from one the State own security outfit Zamfara State protection Community Guards personal who begged for his name to not appear on the print that,"Even last week huge amount of ransom was paid to same bandits enclave visited by the Honourable Speaker, added that last year Nigeria Air force strike and neutralized Several bandits Commanders but are gradually reg...
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DANGOTE PETROLEUM REFINERY TO BEGIN DISTRIBUTION OF PMS AND DIESEL NATIONWIDE ...Deploys 4,000 CNG Tankers To Enhance Distribution Network Nationwide …Offer open to Marketers, Petrol Dealers, Manufacturers, Telecoms Firms, Aviation and other large users

Dangote Petroleum Refinery is pleased to announce the commencement of a significant national initiative designed to transform Nigeria’s fuel distribution landscape. Effective 15th of August 2025, the Refinery will begin the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country, with free logistics to boost distribution network. To ensure smooth take-off of this scheme, Dangote Refinery has invested in the procurement of 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers. This phase of the programme will continue over an extended timeframe. The refinery is also investing in Compressed Natural Gas (CNG) stations, commonly referred to as daughter booster stations, supported by a fleet of over 100 CNG tankers across the country to ensure seamless product distribution. This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing en...
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Managing Director/CEO of Fendini Homes Ltd , Prince Adelaja Adeoye Arrested for Alleged Document Falsification, Forgery

The Managing Director/CEO of Fendini Homes Ltd , Prince Adelaja Adeoye Arrested for Alleged Document Falsification, Forgery, Fraud and Intimidation as regards the Ownership of Rayfield Garden City, Alao Akala Housing Estate, Ibadan Oyo State. We express deep concern over the recent arrest of Prince Adelaja Adeoye, Chairman and Managing Director of Fendini Homes Ltd, in connection with the alleged fraud, falsification of official documents in connivance with some Government officials of Oyo state Public Private Partnership agency (OYSIPA) to forge documents belonging to the Rightful Project proponent, Messrs. Privus Crest Limited as originally approved by the state government through the Oyo state Public Private Partnership agency (OYSIPA). The case of alleged forgery was formally brought to the attention of the Inspector General of Police via a petition dated 9th of May, 2025. Following due process, approval was granted for the arrest of Prince Adelaja Adeoye for interrogation and furt...
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Renewed Hope Agenda And The Catalyst Within

By Daniel Aruwa The North East Development Commission (NEDC) was established in 2017 to extirpate the problems of poverty, insecurity and the long and intractable devastation caused by insurgency through Boko Haram and other criminal elements in that region, thereby enhancing resettlement and rehabilitation, the reconstruction of physical infrastructures, provision of social infrastructures in terms of poverty alleviation and palliatives, various intervention in education, the provision of greener environment both for the present and in the future and also the improvement of the healthcare of the people. To actualize its mandate and as an interventionist agency of the Federal Government of Nigeria, the North East Development Commission was saddled with the responsibility of devising means of attracting funds both from the Federal Government and other international donors, and ensuring its meticulous management, targeting and prioritizing resettlement, rehabilitation, integration, and r...
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Zamfara APC Youth Group Rejects Governor Dauda Lawal’s Rumoured Defection

A youth coalition under the banner of the Zamfara APC Integrity Network (ZAIN) has strongly rejected the speculated defection of Governor Dauda Lawal from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), describing him as a political liability with a trail of poor governance. In a statement signed by its president, Comrade Murtala Sani Gummi, and made available to journalists in Gusau on Monday, the group said it had credible intelligence suggesting that Governor Lawal was lobbying to join the APC ahead of the 2027 general elections in a bid to realign with the centre and retain political relevance. The group, however, warned that such a move would backfire, noting that the APC in Zamfara and across Nigeria “cannot afford to inherit a non-performing politician whose leadership has worsened the socio-economic conditions of Zamfara people”. “We want to make it categorically clear that Governor Dauda Lawal is not welcome in the APC. He is a huge liability, and an...
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