Petrol price to drop further as Warri refinery commences operations – Marketers
Petrol price to drop further as Warri refinery commences operations – Marketers
Oil marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have said the prices of refined petroleum products are to drop further following the commencement of operations at the Warri Refining and Petrochemicals Company Limited.
Dealers in the downstream oil sector said competition in the space would now be stiffer, as domestic refiners would be forced to reduce prices to get buyers.
They stated this on Monday following the announcement by the Nigerian National Petroleum Company Limited that the 125,000 barrels per day WRPC in Delta State had commenced operations.
NNPCL also announced plans to begin the export of locally refined products to foreign countries in exchange for foreign currency.
According to Punch the development comes barely a month after the commencement of operations at the 60,000 barrels per day-old Port Harcourt Refinery in Rivers State.
During an inspection tour of the facility on Monday, the NNPCL Group Chief Executive Officer, Mele Kyari, explained that the inspection aimed to show Nigerians the level of work completed so far.
Kyari, addressing a tour team, which included the Chief Executive Officer of NMDPRA, Farouk Ahmed, and the NNPC Board Chairman, Pius Akinyelure, noted that the repairs on the facility were not yet 100 per cent complete, but refining operations had commenced and would focus on producing straight-run kerosene, diesel, and naphtha.
However, President Bola Tinubu, in a statement celebrating the milestone, said the facility is operating at 60 per cent, representing 75,000 barrels per day capacity.
Kyari said, “We are taking you through our plant. This plant is running. Although it is not 100 per cent complete, we are still in the process. Many people think these things are not real. They think real things are not possible in this country. We want you to see that this is real.”
He stated that the restart of the Warri refinery will help the nation become a net exporter of petroleum products, as some of these products will be sent to the international market.
“Secondly, this plant had three stages; we have started plant one, which we call Area One. It’s able to produce AGO (diesel), kerosene, naphtha, and a blend of crude oil. These are high-grade quality products that are required in the country, and we may need to export them. So this will give us cash, this company will make money and the promise of Mr President that this country must be a net exporter of petroleum products is already happening. Some of these products will go into the international market.
“Most importantly, I must put on record that Mr President believes that we can get this to work and get them to start and gave us the charge that we must start all three refineries. It’s already happening; we have started the 60,000 barrels per day refinery, and Area One of the Warri refinery is already working. Other plants that would produce PMS are being streamed and they would also come alive.
“Lastly, the Kaduna refinery is also on stream. We are not going to give you a date, but we would surprise Nigerians as we did the other day, and Kaduna would start operations. We thank Mr President for supporting us all the way through. I must congratulate our team for their determination and extreme belief that this country can restart this plant. This has brought this result in collaboration with our contractors and our entire staff. I would like to thank them and appreciate them for making history and that it’s possible to start a plant that you deliberately shut down. It’s possible and we have proved it,” he added.
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Scores of terrorists neutralised after Major attacks on military base
Scores of terrorists neutralised after Major attacks on military base
Nigerian troops have successfully neutralised several terrorists and thwarted coordinated attacks in Adamawa and Borno States.
The Joint Task Force, Operation Hadin Kai, announced that the successes followed swift and decisive responses by soldiers to attempts by insurgents to overrun military formations in the North-East.
In a statement issued on Friday, Acting Media Information Officer of the Task Force, Lieutenant Solomon Atokolo, confirmed that the operations resulted in heavy casualties for the terrorists.
He explained that the first attack took place in the early hours of January 16, 2026, when insurgents targeted a patrol base at Sabon Gari in Madagali Local Government Area of Adamawa State.
Atokolo stated that troops under Sector 4 of Operation Hadin Kai quickly engaged the attackers and successfully repelled them. He added that reinforcements from Gulak and the Battalion Quick Reaction Force were promptly mobilised to support the operation, ensuring that the assault was decisively crushed.
“The terrorists were successfully repelled without any casualty to our troops or damage to equipment, forcing them to abandon the attack,” the statement said.
He added that security forces later carried out clearance operations in the surrounding area, scanning for improvised explosive devices and booby traps to guarantee the safety of both civilians and personnel.
In a separate incident on the same day, terrorists staged a large-scale, multi-directional attack on Forward Operating Base (FOB) Azir in Borno State.
The attackers attempted to breach the base’s defensive perimeter but were met with fierce resistance from troops. With support from the Air Component and other Nigerian Army aerial platforms, the soldiers unleashed sustained firepower that compelled the insurgents to retreat.
Although rocket-propelled grenade fire from the terrorists damaged some troop-carrying vehicles and partially affected the base’s CCTV control room, Atokolo said troops maintained full control of the situation and prevented any further breach.
The military spokesperson disclosed that several weapons and ammunition were recovered from the fleeing terrorists.
Items seized included a 60mm mortar tube, mortar bombs, locally fabricated explosives, heavy machine gun rounds, and hundreds of rounds of 7.62mm NATO ammunition.
The Joint Task Force commended the professionalism and resilience of the troops, reaffirming its commitment to sustaining operations aimed at restoring lasting peace and security to the North-East region.
Scores of terrorists neutralised after Major attacks on military base
Nigerian troops have successfully neutralised several terrorists and thwarted coordinated attacks in Adamawa and Borno States.
The Joint Task Force, Operation Hadin Kai, announced that the successes followed swift and decisive responses by soldiers to attempts by insurgents to overrun military formations in the North-East.
In a statement issued on Friday, Acting Media Information Officer of the Task Force, Lieutenant Solomon Atokolo, confirmed that the operations resulted in heavy casualties for the terrorists.
He explained that the first attack took place in the early hours of January 16, 2026, when insurgents targeted a patrol base at Sabon Gari in Madagali Local Government Area of Adamawa State.
Atokolo stated that troops under Sector 4 of Operation Hadin Kai quickly engaged the attackers and successfully repelled them. He added that reinforcements from Gulak and the Battalion Quick Reaction Force were promptly mobilised to support the operation, ensuring that the assault was decisively crushed.
“The terrorists were successfully repelled without any casualty to our troops or damage to equipment, forcing them to abandon the attack,” the statement said.
He added that security forces later carried out clearance operations in the surrounding area, scanning for improvised explosive devices and booby traps to guarantee the safety of both civilians and personnel.
In a separate incident on the same day, terrorists staged a large-scale, multi-directional attack on Forward Operating Base (FOB) Azir in Borno State.
The attackers attempted to breach the base’s defensive perimeter but were met with fierce resistance from troops. With support from the Air Component and other Nigerian Army aerial platforms, the soldiers unleashed sustained firepower that compelled the insurgents to retreat.
Although rocket-propelled grenade fire from the terrorists damaged some troop-carrying vehicles and partially affected the base’s CCTV control room, Atokolo said troops maintained full control of the situation and prevented any further breach.
The military spokesperson disclosed that several weapons and ammunition were recovered from the fleeing terrorists.
Items seized included a 60mm mortar tube, mortar bombs, locally fabricated explosives, heavy machine gun rounds, and hundreds of rounds of 7.62mm NATO ammunition.
The Joint Task Force commended the professionalism and resilience of the troops, reaffirming its commitment to sustaining operations aimed at restoring lasting peace and security to the North-East region.
News
Federal Govt warns States against negotiating with Bandits
Federal Govt warns States against negotiating with Bandits
The Minister of Defence, Christopher Musa, has urged state governments across the country to stop engaging in negotiations with bandits, warning that such actions undermine national security efforts.
Musa made the call during an interview with BBC Hausa, where he expressed concern that dialogue with criminal groups weakens ongoing military operations.
According to him, reaching agreements with bandits often proves futile, as they cannot be trusted to honour their commitments.
He argued that many of the criminals lack genuine remorse and are likely to renege on any deals struck with them.
The minister disclosed that the Katsina State Government was cautioned over its recent decision to facilitate the release of 70 suspected bandits from custody.
However, the Katsina government had defended the action, describing the move as essential to consolidating community-driven peace agreements with “repentant bandits” in several local government areas.
“Negotiation with bandits is not a way out, those people are not real, whenever they come for reconciliation, they need something,” Musa spoke in Hausa language.
“What’s happening in Katsina we told them, don’t ever make the mistake of reconciling with those people, they are liars.
“We begged people to stop negotiating with them and the government should stop. It’s not right and they will surely come back again. They don’t fear God.
“We already informed them it damages our work, we asked them to stop, you know it’s democracy now not military rule. But we are in talk with them.”
The defence minister refuted claim that the federal government pays ransom to kidnappers.
“Paying ransom is not good. People should stop paying ransom when they kidnap people. Report should be made and actions will be taken.”
“Federal government doesn’t pay for ransom. It might be other people and they are doing that on their own.”
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