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Dangote Refinery announces further reduction in price of petrol per litre

In response to shifting global oil dynamics and intensifying competition in Nigeria’s downstream sector, Dangote Petroleum Refinery has reduced its depot price for Premium Motor Spirit (PMS), commonly known as petrol, from N840 to N820 per litre.

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This latest cut comes amid a significant decline in international crude oil prices, which dropped to $70 per barrel on Monday—down from over $77 per barrel recorded in June 2025.

Other depot operators have also adjusted their petrol prices to remain competitive, although the extent of the reductions varies across companies.

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It was gathered that Dangote Refinery implemented the steepest reduction. However, Fatgbems made the smallest cut, trimming its depot price by just N1 to N837 per litre.

Further adjustments saw Integrated Oil and Bovas reducing their prices to N836 per litre, down from N837. AIPEC brought its price down by N3 to N837 per litre, while First Royal set its depot rate at N838 per litre.

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Commenting on the development, Olatide Jeremiah, CEO of Petrolprice.ng, told Vanguard: “We are seeing a lot of dynamics in the global and domestic market. With the ceasefire in the Israel-Iran conflict, crude oil prices have dropped to about $70 per barrel from more than $77 per barrel. Consequently, operators in the domestic market have adjusted accordingly. We look forward to seeing more adjustments in the coming weeks.”

Just recently, Dangote Refinery had also reduced its gantry price of petrol by 4.5 percent—from N880 to N840 per litre—reflecting an earlier crude oil price dip to $67.50 per barrel.

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The global energy market has been volatile in recent weeks, largely influenced by geopolitical tensions, especially the conflict between Israel and Iran. These fluctuations have continued to impact local pricing structures in Nigeria’s petroleum sector.

Earlier this month, when the price of Nigeria’s Bonny Light crude fell to $68 per barrel from over $80, depot operators responded by cutting petrol prices by about five percent.

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Scores of terrorists neutralised after Major attacks on military base

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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.

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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.

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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.

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“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.

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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.

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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.

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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.

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Published

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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.

Advertisement

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.

Advertisement

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.

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“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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

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Federal Govt warns States against negotiating with Bandits

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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.

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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.

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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.

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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.

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“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.

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“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.

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“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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