NEWS
Africa Needs More Refineries to Complement DPRP — Lokpobiri
It has been observed that the Dangote Petroleum Refinery and Petrochemicals (DPRP) alone cannot meet Africa’s growing demand for refined petroleum products.
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, expressed the view, urging local and international investors to pour more capital into Nigeria’s refining, midstream and downstream sectors.
He maintained that Nigeria must build on the success of the DPRP and attract additional investments, to demonstrate eagerness to move beyond supplying the West African market and become a major refined petroleum products hub for the African continent.
Lokpobiri spoke on Tuesday at the second West Africa Refined Fuel Market Conference in Abuja, where regulators, refiners, traders, financiers and other energy industry stakeholders gathered to advance plans for a transparent regional pricing system for refined petroleum products.
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The conference was jointly hosted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), S&P Global Commodity Insights and the West Africa Regulators Forum (WARF).
It was themed, “Funding West Africa Infrastructure & Distribution to Create a Transparent Market for Regional Price Benchmarks.”
The minister described the conference as a turning point in Africa’s pursuit of greater energy sovereignty, saying Nigeria must now build on the progress recorded in its refining and midstream sectors.
He said the DPRP had demonstrated what could be achieved through private-sector investment but stressed that its growing capacity would still not be sufficient.
“The Dangote Refinery is not enough. Despite the fact that the refinery is increasing its refining capacity to 1.4 million barrels. But it is not enough for the African continent.
“It’s the final capacity to open for middle buyers to be able to sell this entire African continent on top of the entire world,” Lokpobiri said.
The minister called on investors with capital to seize the opportunity presented by Nigeria’s expanding energy market, saying the country was strategically positioned to serve both regional and international markets.
He said Nigeria’s location also offered an advantage because the country was not directly dependent on the Strait of Hormuz for its crude and petroleum product supply routes.
The minister added, “It’s the best time for us to attract as many investors as we can. Not just into the upstream, but into the midstream, and then the downstream.”
He said Nigeria must move beyond the traditional model of exporting raw commodities and importing processed products, arguing that the country’s growing refining capacity provided an opportunity to change the pattern.
Lokpobiri urged stakeholders to replicate the success recorded by the DPRP by attracting more investment into domestic processing.
He said Nigeria should not be content with capturing the West African market but should position to serve the wider African market.
Lokpobiri recalled that European demand for the DPRP’s jet fuel had affected local market conditions, pointing out that the development is a great example of the need to deepen domestic refining capacity and develop pricing structures that could respond appropriately to market forces.
He assured stakeholders that the Federal Government would continue to support the development of a regional petroleum market and the institutions required to make it work.
He said the objective was not merely to increase Nigeria’s refining output but to develop the infrastructure, regulatory framework and pricing system required to turn the country into a major African energy hub.
Also speaking, the Special Adviser to the President on Energy, Olu Verheijen, said West Africa was not short of energy resources or demand but was constrained by fragmented markets and inadequate infrastructure.
She said Nigeria’s growing refining capacity and declining dependence on imported petrol had created an opportunity for the country to serve as an anchor for a more integrated regional petroleum market.
NEWS
C’River: Man Takes Own Life Inside Obudu Market, Community Demands N300,000 Cleansing Fee
A 56-year-old shoemaker identified simply as Anthony has reportedly died by suicide inside the Obudu Main Market in Obudu Local Government Area of Cross River State.
The incident occurred in the early hours of Sunday, August 23, 2026.
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Anthony, who was said to be from Bekwarra Local Government Area, was found dead inside the market, prompting community leaders to shut down the facility.
The leaders reportedly demanded N300,000 from the deceased’s family for cleansing rites, insisting that the circumstances surrounding his death were considered sacrilegious.
Confirming the incident, the Cross River State Police Public Relations Officer, ASP Sunday Eitokpah, said the deceased was a 56-year-old man simply identified as Anthony.
Eitokpah said the police had commenced an investigation to establish the circumstances surrounding the death and determine whether foul play was involved.
He said, “Police operatives visited the scene, documented the area, and recovered the body to the mortuary. The circumstances surrounding the death are yet to be established.
“Further updates will be provided as the investigation progresses.”
The police spokesman’s statement indicates that the exact circumstances of Anthony’s death remain under investigation.
NEWS
“Tinubu Deserves to Be President for Long, Long Time” — Olubadan
The Olubadan of Ibadan, Oba Rasheed Ladoja, has said President Bola Tinubu deserves to remain in office for a long time, citing the performance of his administration.
Ladoja made the declaration on Monday at the flag-off ceremony for the dualisation of the Ibadan-Ijebu Road in Ogun State, where Tinubu was represented by Ogun State Governor, Dapo Abiodun.
The monarch said the event should not be interpreted as an All Progressives Congress, APC, rally, despite repeated references to the ruling party during the ceremony.
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“I’ve been hearing everybody talking APC, APC. Bola Tinubu is not an APC man, no. Bola Tinubu is working and deserves to be president for a long, long time,” Ladoja said.
According to him, the gathering was primarily organised to appreciate Tinubu for approving the road project, which he described as important to the safety and economic wellbeing of residents of Ibadan and surrounding areas.
“This is not an APC rally. It is a rally that we are here to thank Mr President for making this road project possible,” he said.
Ladoja said the road had been associated with security concerns, particularly kidnapping incidents, adding that its reconstruction would improve safety and connectivity.
“Those of us in Ibadan know that the only area in Ibadan, where terrorists have been kidnapping people is this road,” the monarch said.
He maintained that Tinubu’s decision to approve the project demonstrated his concern for the people and argued that the President’s performance should not be viewed solely through the lens of party politics.
“He deserves more than being an APC president. He’s not an APC president. He’s president of Nigeria,” Ladoja said.
The Olubadan, however, acknowledged that the President’s performance could strengthen the APC’s chances in future elections.
“The only thing I can look at is that his performance is likely to help the APC win elections. So, we are not discounting the performance of Mr President at all,” he said.
Ladoja added that opposition parties seeking to challenge the ruling party would have to convince voters that they could provide a credible alternative.
“We believe he deserves a long tenure, even though other parties are scrambling to say they are there when they are not visible,” he said.
He expressed confidence that voters in Ibadan would ultimately determine their political choice when the time comes.
“We believe that by the time election comes, the people of Ibadan land will talk,” the monarch said.
The event was attended by Minister of Works, Dave Umahi; Ogun State Deputy Governor, Noimat Salako; APC governorship candidate in Oyo State, Sharafadeen Abiodun Ali; and other dignitaries.
NEWS
JUST IN: Midnight Fire Razes Nearly 300 Shops in Ibadan Market
An early Monday morning fire has destroyed several shops at the popular Oranya Market in Ibadan North-East Local Government Area of Oyo State.
The fire, which reportedly started around midnight, affected traders dealing in gold, furniture, second-hand clothes and other goods.
A trader identified as Iya Alia said nearly 300 shops were affected by the inferno.
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“The fire started around midnight. I cannot be specific about that time. And those affected were gold sellers, furniture sellers, second-hand clothes sellers and many others. The shops affected were almost 300.”
Another eyewitness described the incident as devastating, saying close to 300 shops were destroyed.
Confirming the incident, the Special Adviser to Governor Seyi Makinde on Fire Reforms and State Chairman of Fire Services, Morof Akinwande, said the fire started in the middle of the market following an explosion.
He, however, said the exact number of shops destroyed could not yet be established.
“Yes, it occurred. That number we cannot ascertain, but what is known is that some shops were destroyed and the fire incident started in the middle of the market with an explosion.”
Akinwande said it was too early to determine whether the explosion was caused by gas or another source, adding that the situation had been brought under control since about 1am.
“Whether it’s a gas explosion or other things. And when you have a gas explosion, it would spread, but as I am talking to you, the situation has been under control since 1 am.”
He explained that determining the number of affected shops and the value of goods lost would require a post-fire investigation.
“On the number of shops and inventory, that is too early because that’s post-fire outbreak investigation. So, I cannot be accurate about the number of shops that were destroyed. But shops were actually gone.”
The incident comes barely two days after another fire outbreak destroyed nine locked-up shops at the Nigerian Railway shopping complex along the popular Aleshinloye Market in Ibadan South-West Local Government Area.
The August 22 fire reportedly destroyed goods, household items and other properties worth millions of naira.
One of the affected traders, Busari Olayemi, said products worth about ₦21 million were destroyed, including window blinds, curtain fabrics, industrial sewing machines and other equipment.
Oranya Market also witnessed a major fire outbreak in 2024, when more than 200 shops in the herbal section were reportedly completely destroyed.





