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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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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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25 dead bodies recovered as families remain uncertain over fate of 500 residents abducted from Niger communities

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25 decomposing bodies belonging to victims of a mass abduction that took place in four communities in Niger state have been recovered.

They were part of residents that were abducted by terrorists Dekara, Kpenya, Sabon-Gida and Gidan-Zana in Borgu Local Government Area.

The bodies were recovered after the communities were reportedly alerted on Monday by the abductors to come and identify and retrieve the bodies.

The victims were said to be among about 500 worshippers abducted after Friday Jumm’at prayers on August 21, 2026.

25 bodies were recovered and later given a mass burial in a nearby bush.

The reported killings have heightened anxiety among families whose relatives remain in captivity, with residents saying they are increasingly uncertain about the fate of the remaining abductees.

A source said the abductors allegedly warned that more captives could be killed if their ransom demands were not met.

“They first asked each family to bring N10 million for each captive, but later reduced it to N5 million. There is no way we can afford it,” he said.

 

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Democracy: NHRC calls for people-centered policies, robust debate, respect for human rights, dignity

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Ahead of the 2027 general election, the National Human Rights Commission (NHRC), has urged authorities and policy makers to prioritize rights of citizens and respect for human dignity over and above the quest to win election and occupy leadership position,

The Executive Secretary of the Commission, Chief Tony Ojukwu, SAN, made the call on Wednesday, as Nigeria joins the rest of the world to commemorate the 2026 International Day of Democracy.

Ojukwu said the day reminds us that democracy is not just about elections, but about the dignity, voice, and rights of every citizen.

He stated that democracy represents the freedom to speak, to choose, to participate, and to hold power accountable without fear; and called on all politicians, political parties and their supporters to exercise restraint and responsibility in public utterances.

He further stressed that democracy thrives on debate, not on hate speech, inciting statements, ethnic profiling, or threats.

A statement by Hajia Fatimah Agwai Mohammed, Director Corporate Affairs and External Linkages at the Commission, quoted Ojukwu to have reiterated that words can build peace or destroy the nation, and urged the political class to make campaigns issue-based and shun any language capable of inciting violence or undermining national unity.

The Chief Human Rights Officer of the country noted that the Commission will continue to monitor hate speech and electoral violence. He called on every eligible Nigerian to rise above voter apathy and actively exercise their civic rights, adding that citizens should not stay away from the polls, sell votes, or believe that votes do not count as these emanate from voter apathy.

Chief Ojukwu lamented that democracy dies when citizens withdraw, and remain silent, he emphasized that the Permanent Voter’s Card remains the power of the people to choose desired leaders.

He therefore urged citizens to come out, vote, and make votes count, describing the choice of leaders as both a right and a duty to Nigeria.

The Executive Secretary who is also the President of the Network of National Human Rights Institutions in West Africa (NNHRI-WA) called on the Federal Government, the Independent National Electoral Commission, and all security agencies to ensure a level playing field for all.

He further stated that government must guarantee the safety of voters, journalists, observers, human rights defenders and the citizens at large.

“Anyone regardless of status or party affiliation, who attempts to make the polity unbearable, who sponsors violence, vote-buying, voter suppression, or attacks on democratic institutions ahead of the 2027 General Elections, must be promptly investigated and prosecuted in accordance with the law, adding that impunity remains the greatest threat to democracy.

In conclusion, Chief Ojukwu called for commitment to a democracy that delivers not just elections, but justice, equality, and human rights for all.

 

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