BREAKING; Dangote Refinery crashes petrol price per litre again
BREAKING; Dangote Refinery crashes petrol price per litre again
Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday.
Mr Anthony Chiejina, the Group Chief Branding and Communications Officer, Dangote Petroleum Refinery, said this in a statement on Saturday in Lagos.
Chiejina said that the price adjustment was in response to favourable developments in the global energy sector and a significant decline in international crude oil prices.
He explained that this latest move followed a similar decision made on Jan. 19 when a modest price increase was implemented due to rising crude oil costs.
Chiejina said with recent global market trends indicating a decline, Dangote Refinery had once again adjusted its pricing structure, providing relief to Nigerians.
The statement also noted that the price reduction would significantly lower the cost of petrol across the country, generating a positive ripple effect throughout the broader economy.
“Dangote Petroleum Refinery firmly believes that this reduction from N950 to N890 will result in a meaningful decrease in the cost of petrol nationwide,” he said.
He said the reduction would drive down the prices of goods and services as well as the overall cost of living, with a positive ripple effect on various sectors of the economy.
The refinery called on marketers across the country to ensure that the benefits of the reduced price were passed on to Nigerians.
Dangote refinery reiterated its support for the economic revival spearheaded by President Bola Tinubu.
According to the refinery, the Tinubu administration is focused on making Nigeria self-sufficient in refined petroleum products and positioning the country as a leading oil export hub.
The News Agency of Nigeria (NAN) reports that the refinery’s decision is expected to play a vital role in stabilising the country’s economy.(NAN)
News
Expatriate kidnapped as Police officer is shot dead by suspected gunmen
Expatriate kidnapped as Police officer is shot dead by suspected gunmen
Unknown gunmen on Saturday invaded Aqua Triton Company in Ogunmakin, near Ibadan, abducting an expatriate and killing a police officer attached to him.
The Police Public Relations Officer, DSP Ayanlade Olayinka, confirmed the incident in a statement made available to journalists in Ibadan.
Olayinka said the police officer was killed while repelling the attack, adding that some of the abductors sustained gunshot injuries.
“There was an attack at Aqua Triton Company in Ogunmakin, near Ibadan, where unidentified gunmen stormed the facility in a commando-style operation.
“One police officer tragically died while repelling the attack, injuring some assailants, and the Chinese expatriate principal was abducted,” Olayinka added.
He said the Commissioner of Police, Femi Haruna, ordered the Assistant Commissioner in charge of Operations to lead anti-kidnapping and tactical teams to the scene.
According to him, bush-combing operations are ongoing, while investigations continue to rescue the victim and arrest those responsible. (NAN)
News
President Tinubu returns to Nigeria after Abu Dhabi outing
President Tinubu returns to Nigeria after Abu Dhabi outing
President Bola Tinubu has returned to Nigeria after participating in the 2026 Abu Dhabi Sustainability Week (ADSW 2026).
Presidential spokesperson, Mr Bayo Onanuga, disclosed this in a statement issued on Saturday in Abuja.
The president attended the summit alongside some members of his cabinet.
On the sidelines of the summit, Nigeria signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE).
The agreement is aimed at deepening economic cooperation, boosting bilateral trade and investment, and enhancing technology transfer.
It will also expand collaboration in key sectors, including energy, infrastructure, agriculture, mining and renewable energy.
In his address at the summit, Tinubu announced that Nigeria and the UAE would jointly host INVESTOPIA in Lagos in February.
The initiative is designed to attract global investors and accelerate sustainable investment inflows into Nigeria.
Tinubu also said Nigeria targets mobilising up to $30 billion annually in climate and green industrial finance.
He said the funds would support energy transition reforms and expand nationwide access to electricity. (NAN)
News
APC clears air on receiving letter of defection from another State Governor
APC clears air on receiving letter of defection from another State Governor
The Zamfara chapter of the All Progressives Congress (APC) has denied receiving a letter from Gov. Dauda Lawal seeking to defect to the party.
The News Agency of Nigeria (NAN) reports that there were speculations across the state over Lawal’s move to defect to APC.
A statement issued in Gusau on Saturday by the state APC Publicity Secretary, Malam Yusuf Idris, described the speculations as fabricated.
“The party came across a fabricated report purported to have emanated from one Tambarin Gusau claiming that Go Dauda Lawal has sent a letter to the party wanting to join the APC.
“The report is malicious, unfortunate, unfounded, mischievous and showed the unprofessional manner which some people can go in misleading others and causing chaos in a stable and a peaceful party like the APC.
“The APC has responsible channels where everything is done in a guided manner,” Idris said.
According to him, the party has not received any letter from Lawal as claimed through the imagination of the writer nor was the party aware of any recent moves by the governor to defect from the PDP to the APC.
“All members of the party and indeed the public especially in Zamfara should therefore disregard such report.,” Idris added.(NAN)
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