NEWS
Int’l Trading Coy Hires Blending Facility Next To Dangote Refinery, Hoping To Flood Nig With Substandard Products
Another intriguing twist has emerged in the flux of narratives around the prices of refined petroleum products in the Nigerian market.
The Dangote Refinery in a statement on Sunday cautioned that “an international trading company has recently hired a depot facility next to the Dangote Refinery, with the objective of using it to blend substandard products that will be dumped into the market.”
The Group Chief Branding and Communications Officer, Dangote, Anthony Chiejina, signed the statement, which was vented at its verified handle on micro-blogging site, X.
Biztellers reports that Dangote was reacting to recent stance by members of the refined petroleum marketing community, that imported products were more affordable that what the Nigerian based refinery was offering.
ALSO READ: Sustainability: Dangote Eyes Planting 10,000 Mangrove Trees In Nigeria
The Nigerian based refinery has now countered that the only such possibility would be, if the products were of less quality, which would consist a risk to the public health, though it lamented that this might be hard to ascertain because the industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) lacked the facility to assess and enforce quality control.
Chiejine stated, “Unfortunately, the regulator (NMDPRA) does not even have laboratory facilities which can be used to detect substandard products when imported into the country.”
He made it clear that the company had benchmarks “our prices against international prices”, and the Nigerian National Petroleum Company Limited (NNPC Ltd) had set the pricing tone at N971/litre and N990/litre to marketers and into trucks, respectively, which guided the Dangote Refinery into selling to trucks for the domestic market at a discounted N960/litre.
“Post deregulation, NNPC set the pace by selling PMS to domestic marketers at N971 per litre for sale into ships and at N990 for sale into trucks. This set the benchmark for our pricing, and we have even gone lower to sell at N960 per litre for sale into ships while maintaining N990 per litre for sale into trucks,” he added.
The statement reads, “We had lately refrained from engaging in media fights, but we are constrained to respond to the recent misinformation being circulated by IPMAN, PETROAN, and other associations.
“Both organisations claim that they can import PMS at lower prices than what is being sold by the Dangote Refinery. We benchmark our prices against international prices, and we believe our prices are competitive relative to the price of imports. If anyone claims they can land PMS at a price cheaper than what we are selling, then they are importing substandard products and conniving with international traders to dump low quality products into the country, without concern for the health of Nigerians or the longevity of their vehicles. Unfortunately, the regulator (NMDPRA) does not even have laboratory facilities which can be used to detect substandard products when imported into the country.
“Post deregulation, NNPC set the pace by selling PMS to domestic marketers at N971 per litre for sale into ships and at N990 for sale into trucks. This set the benchmark for our pricing, and we have even gone lower to sell at N960 per litre for sale into ships while maintaining N990 per litre for sale into trucks.
“In good faith, and in the interest of the country, we commenced sales at these prices without clarity on the exchange rate that we will use to pay for the crude purchased.
“At the same time, an international trading company has recently hired a depot facility next to the Dangote Refinery, with the objective of using it to blend substandard products that will be dumped into the market to compete with Dangote Refinery’s higher quality production.
“This is detrimental to the growth of domestic refining in Nigeria. We should point out that it is not unusual for countries to protect their domestic industries in order to provide jobs and grow the economy. For example, the US and Europe have had to impose high tariffs on EVs and microchips in order to protect their domestic industries.
“While we continue with our determination to provide affordable, good quality, domestically refined petroleum product in Nigeria, we call on the public to disregard the deliberate disinformation being circulated by agents of people who prefer for us to continue to export jobs and import poverty.”
NEWS
Katsina Cracks Down on Bandits, Bans Fuel Sales in Jerrycans and Motorcycles
The Katsina State Government has announced a series of stringent security measures aimed at tackling the growing menace of banditry and kidnapping across the state.
Governor Dikko Radda unveiled the new directives through an Executive Order issued after an emergency security meeting attended by security agencies, traditional rulers, and key stakeholders.
SEE ALSO: NSC Chair Dikko Vows to End Salary Delays for Nigerian Coaches, Players
According to a statement issued on Tuesday by the Governor’s Chief Press Secretary, Ibrahim Mohammed, the measures are intended to cut off logistics and communication channels allegedly used by criminal groups operating within the state.
Among the new directives is an immediate ban on the sale, purchase, transportation, and storage of petroleum products in jerrycans across Katsina State.
The statement said, “The measure is designed to prevent the diversion of fuel supplies to criminal elements operating in remote locations.”
The government also ordered the immediate closure of all Point of Sale (POS) businesses and commercial phone-charging points in Matazu and Musawa Local Government Areas, citing security reports indicating that such facilities were being exploited by criminal networks.
In addition, the use of motorcycles has been prohibited throughout Matazu and Musawa LGAs. Authorities believe the restriction will significantly disrupt the movement and operations of bandits and kidnappers who frequently rely on motorcycles for transportation.
Explaining the rationale behind the decision, the statement noted, “Security assessments have shown that these facilities are being exploited by criminal networks to facilitate their activities.”
Governor Radda reaffirmed his administration’s commitment to safeguarding lives and property, stressing that the safety of residents remains a top priority.
He assured citizens that the government would continue collaborating with security agencies to restore peace and stability across all parts of the state.
The governor also urged residents to support ongoing security efforts by complying with the new directives and providing useful information to security agencies whenever necessary.
Warning against violations of the order, the government stated that defaulters would face the full weight of the law.
“The Katsina State Government remains committed to taking all lawful and necessary measures to ensure that communities across the state remain safe, secure and conducive to economic and social activities,” the statement added.
International News
Putin Faces New Blow as UK Unleashes 70 Sanctions, Targets Russia’s Shadow Fleet
The United Kingdom has announced 70 new sanctions against Russia, escalating efforts to pressure Moscow into ending its prolonged war against Ukraine.
The measures were unveiled on Tuesday by British Prime Minister Keir Starmer during a special session of the G7 Summit in Evian-les-Bains, France, where leaders of the world’s leading economies gathered to discuss support for Ukraine and ways to increase pressure on the Kremlin.
The latest sanctions target Russia’s so-called “shadow fleet” of oil tankers, military procurement networks, and financial channels allegedly used to bypass existing international restrictions.
ALSO READ: JUST IN: Putin Pushes New Nuclear Doctrine
Announcing the move, Starmer reaffirmed Britain’s commitment to working with its allies to weaken Russia’s war capabilities.
“Working with our G7 allies, we will continue to increase the pressure on Putin and his circle of collaborators until Russia’s war machine is brought to a halt and peace returns to our continent,” Starmer said.
According to a joint statement issued by the UK Foreign, Commonwealth and Development Office and the Prime Minister’s Office, the sanctions are aimed at Russia’s “decrepit shadow fleet, military procurement supply chains and illicit finance networks used to circumvent sanctions.”
The statement added that the measures “will choke Russia’s war effort across multiple fronts” by targeting key sectors supporting Moscow’s military operations.
Among those affected are more than 20 oil tankers linked to Russia’s shadow fleet, a network of vessels reportedly used to transport energy products and other assets under different national flags in an attempt to evade sanctions.
The UK government also revealed that Britain has become the first G7 member nation to sanction several Liquefied Natural Gas (LNG) vessels recently acquired by Russia to support its already-sanctioned Arctic LNG project.
The announcement comes shortly after fresh Russian missile and drone attacks struck several locations across Ukraine on Monday, killing at least 11 people and triggering a fire at one of Kyiv’s most significant Orthodox monasteries.
Starmer is expected to urge fellow G7 leaders to take stronger collective action in support of Ukraine.
According to his office, the British leader will tell the summit that “the G7 should collectively go further to ensure Ukraine secures the just and lasting peace it deserves.”
In addition to the sanctions package, the UK government announced a new agreement to provide enriched uranium for Ukraine’s nuclear power stations.
The deal, backed by £210 million ($282 million) in export finance, will allow UK-based nuclear fuel supplier Urenco to deliver enriched uranium to Ukraine’s state-owned nuclear energy company, Energoatom.
British officials said the arrangement is expected to help power Ukraine’s nuclear facilities for the next two years as the country continues to grapple with the impact of the ongoing conflict.
NEWS
Dangote Expects over $4bn Annual Forex Earnings from Fertiliser Exports
The Dangote Group has reinforced its long-standing partnership with the Africa Finance Corporation (AFC) through the signing of a $600 million loan facility to support the expansion of its fertiliser production capacity, an important milestone in advancing food security across Nigeria and the African continent.
The financing, extended to GreenView Fertilizer Corporation (Greenview), the Dangote Fertiliser Holding Company, will partly fund the expansion of urea production capacity in Nigeria as well as the development of a new fertiliser plant in Ethiopia.
This investment forms a key component of the Dangote Group’s broader $7 billion fertiliser expansion programme. The initiative is expected to increase production capacity in Nigeria from 3 million metric tonnes per annum (MTPA) to 9 MTPA, while also supporting the establishment of a new 3 MTPA urea plant in Ethiopia. Upon completion, the programme will significantly boost Africa’s fertiliser output, strengthen regional food security, enhance agricultural productivity, and reduce dependence on imports.
The facility underscores AFC’s strong confidence in Dangote Group’s vision to drive industrial growth and agricultural transformation through large-scale infrastructure investments. The funds will primarily support the ongoing expansion of the Dangote Fertiliser Plant at Ibeju-Lekki, Lagos, one of the largest granulated urea fertiliser complexes in the world.
The expansion is expected to substantially scale up production, improve supply chain efficiency, and ensure consistent availability of high-quality fertilisers to farmers across the continent. It will also contribute to price stability, reduce import dependency, and enhance crop yields, strengthening Africa’s overall food security framework.
Speaking on the development, President of Dangote Group, Aliko Dangote, said the expansion would generate significant foreign exchange earnings for Nigeria. “This investment positions us to deliver over $4 billion annually in fertiliser exports within the next three years. It represents a major contribution to Nigeria’s foreign exchange earnings and underscores our commitment to national economic growth.
“Our growth vision is not in isolation, we are building alongside strategic African partners like AFC and other institutions committed to the continent’s progress.”
Also commenting on the transaction, President and CEO of Africa Finance Corporation, Samaila Zubairu, highlighted the strategic importance of the deal: “This transaction reflects AFC’s capital recycling model in action. Following the successful repayment of our earlier investment in Dangote Industries Limited, we are reinvesting and doubling that capital into Dangote Group’s next growth phase.
By supporting the expansion of Dangote Fertilizer, AFC is backing a proven African industrial leader whose investments will strengthen food security, reduce import dependence, and create long-term economic value across the continent.”
This development builds on AFC’s strong track record of successful investments and exits across Africa, including projects in renewable energy, port infrastructure, digital connectivity, and industrial platforms.
ALSO READ: Food Security: AFC Deepens Partnership with Dangote Group with $600m Loan for Fertilizer Expansion
The Dangote Fertiliser Plant currently plays a critical role in meeting domestic demand while exporting to international markets, thereby generating valuable foreign exchange for Nigeria. With this new phase of expansion, the company is poised to consolidate its leadership position in the global fertiliser market while advancing Africa’s agricultural and economic resilience.





