NEWS
FG Ends NNPC’s Monopoly, Opens Direct Purchase of Petrol From Dangote Refinery
In a landmark move aimed at fully deregulating Nigeria’s downstream oil sector, the federal government has announced that oil marketers can now purchase petroleum products directly from the Dangote Refinery and other local producers, effectively ending the Nigerian National Petroleum Company (NNPC) Limited’s decades-long monopoly as the sole distributor.
The announcement was made on Friday, signaling the government’s resolve to open up the oil market to foster competition and enhance efficiency.
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This comes on the heels of the NNPC stepping away from its intermediary role with the Dangote Refinery, allowing for a direct purchase arrangement between marketers and local refineries.
The federal government had already commenced the sale of crude oil to local refineries, including Dangote, in naira as of October 1, an effort to address fuel supply shortages that had been exacerbated by NNPC’s financial challenges.
Under the previous arrangement, Dangote Refinery was only permitted to sell petrol to NNPC in local currency, leaving marketers reliant on the national oil company.
The new policy now enables marketers to bypass NNPC and negotiate directly with refineries for petroleum products.
Wale Edun, Minister of Finance, provided key updates during a post-commencement review meeting of the naira-based crude oil and refined products sale initiative on Thursday.
According to Edun, the initiative is progressing smoothly, in line with directives from the Federal Executive Council (FEC).
He said,“This committee is pleased to report a successful transition in line with the FEC directive. We have established a robust framework for local production and the distribution of crude oil and refined products, all for local consumption in naira.
“With this mechanism fully operational, we are on track to achieving a fully deregulated market for all petroleum products.”
He emphasized that oil marketers are now encouraged to engage in direct commercial negotiations with refineries, a step he believes will increase market competition and drive efficiency across the sector.
The government remains confident that these measures will, in the long run, create a more favorable market for Nigerian consumers.
The federal government’s decision to deregulate the sector comes at a critical time when the country is grappling with petrol shortages and rising energy costs.
By allowing direct purchases from refineries, the government aims to stabilize the supply chain and reduce costs associated with fuel distribution.
Industry stakeholders are now watching closely to see how the deregulated market will evolve and what impact this shift will have on fuel prices and availability for Nigerians.
NEWS
FCT Police Chief Inspects Worship Centres, Commends Residents for Peaceful Conduct
The Commissioner of Police, Federal Capital Territory (FCT) Command, CP Ahmed Muhammad Sanusi, has inspected security deployments at churches across the territory, urging officers to maintain professionalism and vigilance during religious activities.
The inspection was disclosed in a statement issued on Sunday by the FCT Police Public Relations Officer, SP Josephine Adeh.
Sanusi conducted the inspection on November 8, 2026, to assess the operational readiness of personnel deployed to worship centres and evaluate security arrangements for residents and worshippers.
SEE ALSO: October 1 Protests: FCT Police Call For Increased Vigilance Among Residents
The exercise followed a similar inspection of mosques across the FCT on Friday, November 6, as the Command sustained efforts to strengthen security around religious centres.
During the visits, the police commissioner charged officers to remain professional and responsive in the discharge of their duties.
He also commended residents for their peaceful and orderly conduct following mosque and church services, noting that public cooperation remained essential to maintaining security and public order across the territory.
The commissioner urged residents to continue cooperating with the police and other law enforcement agencies, remain security-conscious and promptly report suspicious persons, movements or activities to the nearest police station.
He further encouraged residents to utilise the Command’s emergency lines, 08032003913 and 08061581938, to report security concerns.
Adeh said the Command’s Public Relations Office remained open and accessible to members of the public for enquiries, complaints, information and other security-related matters.
The FCT Police Command reiterated its commitment to protecting residents and worshippers and maintaining security across the Federal Capital Territory.
NEWS
2027: Shettima Arrives in Uyo for APC Presidential Campaign Rally
Vice President Kashim Shettima has arrived in Uyo, the Akwa Ibom State capital, for the All Progressives Congress (APC) presidential campaign rally ahead of the 2027 general elections.
The development was disclosed on Friday by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President.
Akwa Ibom occupies a strategic position in President Bola Ahmed Tinubu’s Renewed Hope Agenda, with major federal investments expected to strengthen infrastructure and economic activities across the state.
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One of the major projects is the Lagos–Calabar Coastal Highway, which has an approximately 82.8-kilometre stretch passing through Akwa Ibom.
The project, according to the statement, “promises improved connectivity, expanded trade, greater investment and new economic opportunities for communities across the region.”
Beyond infrastructure, the administration’s interventions in education, agriculture, healthcare, youth empowerment and social protection are also designed to improve livelihoods and broaden economic participation.
The Nigerian Education Loan Fund (NELFund) is among the initiatives highlighted, complementing Governor Umo Eno’s investments in roads, aviation, tourism and human capital development.
The statement noted that the Uyo rally provides “another opportunity to strengthen the APC’s growing political presence in the South-South and make the case for continuity in 2027.”
NEWS
Elohor Aiboni Honoured with DTN@100 Changemaker Award
Executive Vice President and Country Chair, Shell Companies in Nigeria, Elohor Aiboni was among 100 people honoured with the DTN@100 Award.
She joined a list of distinguished recipients recognised by the Daily Times newspapers. The contributions of the awardees to national development will be documented in a special publication, titled Nigerian Grand Book.
Daily Times which started publication in 1926 gave the awards as part of its centenary celebrations in Lagos. The centenary theme is: “Honouring the Past, Shaping the Future.” Chairman, Folio Media Group and Publisher Daily Times of Nigeria Fidelis Anosike said: “We proudly celebrate Elohor Aiboni, Executive Vice President and Country Chair of Shell Companies in Nigeria, for her well-deserved recognition at the Daily Times Heroes Award. As a visionary female leader, Elohor has shown that true leadership is defined by action. Her forward-thinking policies continue to drive real, positive change across our nation.”
In her response, Elohor said: “Although this award is presented to me, I do not regard it as mine alone. I share it with my colleagues across the Shell Companies in Nigeria, our partners, and the many people I have had the privilege of working with and learning from over the years.”
Elohor was commended for her achievements in a career in the energy industry that started in Shell in 2002. In addition to serving in operational roles within and outside Nigeria, she has worked as asset manager for Bonga, leading up to her appointment as Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) in 2021, the first female to hold the post. Early this year, she took up the role of Executive Vice President and Country Chair, Shell Companies in Nigeria, also the first female and Nigerian to hold both roles.
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In her acceptance speech, Elohor also called for concerted efforts towards educating the girl-child. She said: “If we are serious about shaping Nigeria’s future, we must be equally serious about educating and empowering the Nigerian girl child. Education provides not only knowledge, but also confidence, choice and the opportunity to contribute meaningfully to her community and country.”
Photo Caption – L-R: Energy and Investment Solicitor, Sam Aiboni; Executive Vice President and Country Chair, Shell Nigeria, Elohor Aiboni; actress Rita Dominic; and Daily Times Chairman, Fidelis Anosike, during the award presentation at Harbour Point, Lagos.





