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BREAKING: Again, Dangote Cuts Petrol Price To N835 per Litre

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NNPCL Raises Official Fuel Pump Price To N537 Per Litre

In a fresh move to ease pump prices and support supply stability, the Dangote Petroleum Refinery has once again slashed the ex-depot price of its Premium Motor Spirit (PMS), popularly known as petrol, to N835 per litre.

This marks a N30 reduction from the N865 per litre price introduced just six days ago, and a total drop of N45 from the N880 per litre rate it sold at last Wednesday — representing a 3.5 per cent decrease.

The latest adjustment, which was confirmed via a customer notice on Wednesday morning, brings the refinery’s total number of price cuts to three in less than six weeks, underscoring its push to offer more competitive rates amid shifting market conditions.

READ MORE: JUST IN: Dangote Refinery Cuts Petrol Price To N865 Per Litre

The new pricing structure, according to the Pro forma invoice and data verified on petroleumprice.ng, already includes all statutory charges from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Industry analysts had earlier hinted at a possible price slash following a drop in the landing cost of imported petrol, which fell to N853 per litre as of Tuesday.

Meanwhile, in a bid to boost nationwide fuel availability, marketers have secured regulatory clearance to import 117,000 metric tonnes — roughly 156.9 million litres — of petrol between April 8 and 16, 2025.

The import volumes were confirmed through documents obtained from the Nigerian Ports Authority and the Major Energies Marketers Association of Nigeria (MEMAN).

 

 

 

More to follow……… 

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Tanker Drivers Suspend Strike after FG Intervention

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The National Union of Edible Oil Tanker Drivers of Nigeria (NUEOTDN) has suspended its planned nationwide strike scheduled to begin Wednesday following Federal Government intervention in its dispute with operators in the edible oil industry.

The last-minute suspension averted a potential disruption in the transportation and distribution of edible oil across the country, with the union directing members to maintain normal operations while negotiations continue.

READ ALSO: Tinubu Applauds $800m FID on Ima Gas Project

NUEOTDN President, Ilias Aperun, announced the decision in a statement dated September 22, saying interventions by President Bola Tinubu and the Department of State Services (DSS) had opened discussions towards resolving the issues that prompted the planned industrial action.

“The planned industrial action scheduled to commence today, 23rd September 2026, has been suspended.”

Aperun said the union decided to give the government intervention time to produce results in the interest of economic stability and protection of the edible oil supply chain.

“In the interest of peace, national economic stability and the protection of the edible oil supply chain, the Union has decided to suspend the planned action and give room for the ongoing government intervention,” he said.

The union consequently directed its members and other stakeholders to halt preparations for the strike and continue normal operations pending further directives.

Aperun said discussions aimed at resolving the dispute were already underway, adding that the union remained committed to protecting the welfare and legitimate interests of its members without jeopardising the supply of edible oil.

“The NUEOTDN remains committed to the protection of the public health of the masses, welfare and legitimate interests of its comrades, while also supporting a peaceful and sustainable resolution of the issues at stake,” he said.

He urged stakeholders in the industry to cooperate with the ongoing negotiations, saying constructive engagement remained necessary to resolve the issues raised by the tanker drivers.

The union expressed appreciation to the Federal Government for its intervention and urged members to remain calm while awaiting the outcome of the discussions.

Aperun said further developments would be communicated as negotiations progressed.

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Tinubu Welcomes $12m Abuja Entrepreneurship Centre to Boost MSMEs, Create Jobs

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President Bola Ahmed Tinubu has welcomed the construction of a $12 million Abuja Centre for Entrepreneurship, saying the facility will strengthen Nigeria’s Micro, Small and Medium Enterprises (MSME) ecosystem and create more opportunities for businesses to grow and generate jobs.

The President made this known in a statement issued on Wednesday by his Special Adviser on Information and Strategy, Bayo Onanuga.

The Abuja Centre for Entrepreneurship (ACE) is being developed at the SMEDAN Industrial Development Centre in Idu, Abuja, with funding from the Republic of Korea through the Korea International Cooperation Agency (KOICA).

SEE ALSO: Tinubu Applauds $800m FID on Ima Gas Project

The project is being implemented in partnership with the Federal Government through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the United Nations Development Programme (UNDP).

The centre will provide workspaces, digital facilities, training, incubation and enterprise support for aspiring entrepreneurs, start-ups and existing businesses.

According to the statement, the facility has an initial target of supporting 500 entrepreneurs, 400 start-ups and 1,500 MSMEs.

About $5.9 million of the investment will be allocated to construction, while $6.1 million will fund equipment and programmes designed to support entrepreneurs and businesses.

Tinubu said the centre would help establish, strengthen and grow businesses.
“Small businesses are an important part of our economy. They employ people, support families and create activity in communities across the country.

“Many entrepreneurs already have the ideas and the determination to succeed. What they often need is better access to facilities, technology, training and the support that can help their businesses grow.

“This Centre will provide more of that support and strengthen the ecosystem around them,” he said.

The centre is expected to serve businesses in Abuja and surrounding cities, including Kaduna, Jos, Keffi, Lafia, Minna, Makurdi and Lokoja.

It is also expected to contribute to strengthening the wider entrepreneurship and MSME ecosystem across Northern Nigeria.

The President said the Federal Government would continue to expand the conditions that allow small businesses to grow and compete.

“We want more Nigerians to be able to start businesses, grow them and employ others.
“We also want existing small businesses to have better access to the tools and support they need to become stronger and more productive.

“That is important for jobs, incomes and the wider economy,” Tinubu said.
He added that the project complements the administration’s wider investments in digital skills, entrepreneurship, enterprise development and support for MSMEs.

The centre has also been designed to accommodate women and persons with disabilities. It will include accessible facilities and crèche services for women with young children.

While construction is ongoing, SMEDAN, KOICA and UNDP will work with universities, incubators, financial institutions, private-sector organisations and entrepreneur networks to build a wider support system around the centre.

The partners will also identify businesses that can benefit from the centre’s programmes.

Tinubu thanked the South Korean government for the $12 million investment and commended KOICA, UNDP and SMEDAN for advancing the project to the construction stage.

He said Nigeria would continue to welcome investments and partnerships that strengthen local businesses, deepen enterprise development and create more jobs.

“Our economy will be stronger when more Nigerian businesses can start, survive and grow.

“We must keep building the support around them and opening more opportunities for enterprise across the country,” the President said.

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Who Is Running Nigeria? ADC Demands Answers Over Tinubu, Shettima’s Absence

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The African Democratic Congress (ADC) has demanded clarification over who is currently exercising the constitutional powers of the President as President Bola Ahmed Tinubu and Vice-President Kashim Shettima remain outside Nigeria.

The opposition party, in a statement issued on Tuesday by its National Publicity Secretary, Bolaji Abdullahi, said Tinubu’s continued absence had raised questions about compliance with Section 145 of the Nigerian Constitution.

SEE ALSO: Shettima Arrives Yola to Condole With Bamanga Tukur’s Family

The ADC said the provision requires the President, when proceeding on vacation or otherwise unable to discharge the functions of his office, to transmit a written declaration to the President of the Senate and the Speaker of the House of Representatives, after which the Vice-President performs the functions of Acting President.

According to the party, Tinubu left Nigeria on August 30 and has now been away for more than 21 days.

“President Tinubu left Nigeria on 30 August and has now been away for more than 21 days. We therefore demand to know whether the required declaration was transmitted by the President,” the ADC said.

The party also questioned why the National Assembly had not addressed the issue if such a declaration had not been transmitted.

The ADC rejected the Presidency’s description of Tinubu’s stay abroad as a “working vacation”, arguing that the phrase does not create a separate constitutional category.

“There is no constitutional category known as a ‘working vacation’. Presidential authority cannot be transferred by convenience, protocol or press statement,” the party said.

The opposition party also dismissed the suggestion that Secretary to the Government of the Federation, George Akume, could effectively represent the President in the discharge of presidential responsibilities.

“Representing the President at events and ceremonies does not confer constitutional powers. The Secretary to the Government of the Federation is a mere appointee of the President,” it said.

The ADC stressed that attending official functions or delivering speeches on behalf of the President was different from exercising the constitutional powers of the President or Acting President.

“Representation is not governance. Attendance at official functions is not presidential authority,” the party added.

The controversy comes as Vice-President Shettima is in New York for the United Nations General Assembly, where he is representing Nigeria.

The ADC said the simultaneous absence of the President and Vice-President was particularly concerning given what it described as Nigeria’s security, unemployment and cost-of-living challenges.

The party also criticised Tinubu’s continued stay in Paris while French President Emmanuel Macron travelled to New York for the UN General Assembly.

“The irony would be amusing if it were not a national disgrace,” the ADC said, arguing that the situation created poor optics for Nigeria.

Macron had hosted Tinubu at a private dinner at the Élysée Palace in Paris before travelling to New York for the UN General Assembly.

The ADC therefore called on the Presidency and the National Assembly to answer what it described as a fundamental constitutional question.

“Who presently exercises the constitutional powers of the President of the Federal Republic of Nigeria, and under what provision of the Constitution?” the party asked.

 

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