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Dangote to sell petrol N739 per litre from Tuesday

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Aliko Dangote, Chairman of Dangote Petroleum Refinery, has disclosed that MRS and other filling stations purchasing Premium Motor Spirit (PMS) from his refinery will begin dispensing fuel at N739 per litre starting Tuesday in Lagos.

Dangote stated this on Sunday during a press briefing, recalling the earlier reduction of the ex-depot price from N828 to N699 per litre.

The latest reduction which has been widely acknowledged represents a N125 per cent reduction at a go.

The new pricing took effect on December 11, 2025, marking the 20th petrol price adjustment implemented by the refinery this year as Dangote continues to fine-tune domestic supply dynamics.

Speaking at the refinery yesterday, Dangote called on members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to patronise the refinery, reaffirming that sales to marketers would remain at N699 per litre.

“We are going to start with MRS stations, most likely on Tuesday, in Lagos. We have also asked members of IPMAN to come. Anybody who can buy 10 trucks, come and buy at N699,” Dangote said.

He expressed confidence in his company’s determination to ease the burden of fuel prices during the Yuletide season.

“We are going to use whatever resources we have to make sure that we crash the price down. By the grace of God, within a week to 10 days, we will be able to deliver. We don’t want to see, at least for this December and January, petroleum products sold above N740 nationwide,” he added.

Dangote warned that his company would resist any attempts to sabotage efforts to stabilise fuel prices.

Dangote criticised the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for what he described as “reckless issuance of licenses.”

“The NMDPRA has issued reckless licenses. We have to complain to the government because they normally issue licenses in the middle of the month. Now, they are ready to issue about 7.5 billion litres for the first quarter of 2026. Despite that, we are still guaranteed to supply enough,” he said.

He revealed that his company purchases over 100 million barrels of crude oil annually from the United States, despite the high naira-to-crude premium.

“We buy from Ghana and some African countries, but the U.S. has been our major supplier. On average, we buy no less than 100 million barrels yearly from the U.S. When we double capacity, they will likely supply us over 200 million barrels per annum. The U.S. is a major beneficiary, and we also supply them with aviation fuel and gasoline,” he said.

Dangote said the refinery would soon list its shares on the exchange, allowing every Nigerian to own part of the business.

“Our main interest is to list at the exchange so that every living Nigerian can own part of the refinery. When we sell shares, we won’t put a cap. If Nigerians buy 55% and I’m left with 45%, so be it — this is about legacy,” he said.

He added that dividends for diaspora investors would be paid in dollars due to the refinery’s significant foreign sales.

“We’ll ensure dividends are paid in dollars since a major part of our sales are in foreign currency. We’ll be a major supplier of forex into the market,” he said.

Dangote revealed that the highest volume of crude the Nigerian National Petroleum Company Limited (NNPCL) supplies to his refinery is between 4.5 and 5 million barrels monthly.

“It’s between four and a half to five million barrels in total, out of 19,” he said.

Dangote noted that the President had approved the immediate implementation of a 15 percent import duty on refined petroleum products to protect domestic industries.

He said despite the suspension of the policy in November, his refinery still reduced the pump price by N49, demonstrating commitment to affordability.

“The 15 percent is just a warning to discourage imports. Even though the implementation was suspended, we still reduced the price by N49. That’s about N60 billion in a month — not a small amount,” he said.

Dangote expressed frustration over the actions of some fuel marketers, accusing them of undermining local refining efforts through continued importation.

“I pray and wish the marketers will lose more because I’m not printing money — I’m also losing. They want imports to continue, but that’s not right. This is a $20 billion investment; it’s too big to lose. It’s a game of cat and mouse — someone will give up, but it won’t be me,” he stated.

 

 

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How NiMet Data Hub will benefit farmers, livestock keepers, others

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The Nigerian Meteorological Agency (NiMet) is advancing a national digital platform intended to give farmers, livestock keepers and agricultural advisers more reliable access to location-specific weather and climate information. The NiMet Data Hub, developed with the International Livestock Research Institute (ILRI) and Crea2Solutions, has moved from design and mock-up review to an advanced Minimum Viable Product, with NiMet weather and climate services now under testing.

Work on the hub began in February 2026 under the Climate Services for Youth (CS4Y) and AGRA programmes. By July 2026 the project had progressed from early design to a testable product. The initiative is intended to improve access to historical, monitored and forecast climate information and to support risk analysis, seasonal planning and climate-informed decision-making.

Officials and partners have described the hub as a response to persistent weaknesses in agricultural climate services, including fragmented data, limited coordination among information providers, and the difficulty of turning technical forecasts into timely, practical advice. Stakeholder engagement co-hosted by NiMet and ILRI has focused on mapping Nigeria’s agro-meteorological data and advisory landscape, identifying information and delivery gaps, strengthening institutional linkages, improving last-mile communication, and supporting gender and social inclusion.

The platform is expected to serve farmers, pastoralists, extension professionals, researchers, government institutions and private advisory providers. NiMet resources such as online map rooms and agricultural climate products are expected to feed the system, enabling the development of context-specific agro-weather advisories. ILRI’s contribution is aligned with its wider work of organising research data, developing digital tools and making information more usable for partners and decision-makers.

The project is consistent with the food security, climate-smart agriculture and digital service priorities of President Bola Ahmed Tinubu’s Renewed Hope Agenda. By seeking to place usable climate information in the hands of producers and advisers, the hub is intended to support preparedness, reduce climate-related losses and strengthen agri-food livelihoods.

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OK Movement to NDC: We don’t need your validation

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The internal dispute between the Obi/ Kwakwanso support group also known as OK Movement and the leadership of National Democratic Congress, NDC has escalated over the presidential campaign council set up by the movement ahead of the 2027 general election.

Recall that the Movement recently unveiled a 57 member presidential campaign council to work for the Peter Obi and Rabiu Kwakwanso ticket but the NDC issued a statement weekend and disowned the council.

Reacting to the development, the, OK Movement said tt does not require the personal validation or approval of any individual within the Nigeria Democratic Congress (NDC) before exercising its legitimate organisational functions in accordance with established processes.

The ‌‍‍‍‍‌OK Movement National Secretary Saadatu Sani said this in a statement on Sunday in Abuja.

Sani rejected a statement credited to the party’s National Chairman, Sen. Moses Cleopas, urging him to familiarise himself with NDC’s constitution before making assertions.

Sani, in her statement, said the movement recognised the supremacy of political parties within constitutional and statutory spheres, but maintained that it remained an independent organisation with its leadership and internal processes.

She insisted that the movement would campaign for the NDC presidential and vice-presidential candidates as well as other party candidates where it had resolved to support them.

“The OK Movement does not require the personal validation or approval of any individual before exercising its legitimate organisational functions in accordance with established processes,” she said.

Sani said the movement was established from the grassroots and did not depend on sponsorship from any individual or political office holder for its activities.

She added that the movement was not seeking political appointments or positions within the NDC as a condition for its support, saying its principles remained its guiding values.

She said the movement had developed a nationwide grassroots structure, with internal membership records indicating approximately 2.5 million registered members and coordinators, supported by relevant data.

 

 

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NDC disowns presidential campaign council unveiled by OK Movement

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The leadership of Nigeria Democratic Congress, NDC, has disowned the Presidential Campaign Council, PCC, set up by the OK Movement ahead of the 2027 general elections.

This is contained in a statement signed by the party’s National Chairman, Cleopas Moses, on Saturday.

Moses stated that the announcement made by one John Ugulu was not authorised and did not come from the party.

According to him, going forward, no individual or group is authorised to announce, constitute or publish any campaign structure or organ in the name of the party without the approval of the party’s National Working Committee, NWC.

The statement partly read: “The leadership of our party, the Nigerian Democratic Congress, NDC, has noted with concern a publication credited to one John Ugulu, announcing a Presidential Campaign Council, PCC, under the guise of the OK Movement.

“For the avoidance of doubt, the party wishes to state categorically as follows: The party hereby dissociates itself in totality from the said OK Movement PCC announcement. It did not emanate from the party and should be disregarded by the public and the media.

“All candidates of the party must appreciate that they are not running as independent candidates. They are products of the party and remain subject to the authority and discipline of the party. Therefore, only the party’s leadership can constitute and announce a PCC.

“No member, candidate or support group should, under any guise, undermine the party or demarcate the party. The party recognises and deeply appreciates the contribution of all support groups and encourages their continued support. We welcome even more support groups who identify with our mission to rescue Nigeria.

“While the party will continue to work collaboratively with all support groups, such groups should not see themselves as alternative party structures or parallel organs of the party.”

 

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