NEWS
NNPC Ltd, IOCs Raise Crude Supply to Local Refineries by 103% in 4 Months
The Nigerian National Petroleum Company Limited (NNPC Ltd) and International Oil Companies (IOCs) in Nigeria increased crude oil supply to domestic refineries, led by the Dangote Refinery, by over 103 percent between January and April 2026.
An analysis of the data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday showed that crude supplied locally to domestic refineries rose from 8.83 million barrels in January to 17.96 million barrels in April, reflecting a rise of 103.4 percent.
In contrast, imported crude and feedstock supplied to the refineries dropped from 9.43 million barrels in March to just 0.41 million barrels in April, representing a decline of approximately 95.6 percent in the period under review.
The data underscored a major shift in Nigeria’s downstream petroleum sector as the Dangote Refinery increasingly relies on locally supplied crude oil for the production of refined petroleum products, especially Premium Motor Spirit (PMS), commonly known as petrol.
Overall crude receipts by domestic refineries stood at 20.92 million barrels in March before declining to 18.37 million barrels in April. However, the structure of refinery feedstock changed significantly during the four-month period.
The NMDPRA data also showed that local supply of petrol rose substantially during the period, reflecting increased production from the Dangote refinery, currently the only refinery producing PMS in Nigeria.
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According to the report, domestic petrol supply rose from 34.2 million litres per day in March to 40.7 million litres per day in April, indicating an increase of approximately 19 per cent. At the same time, imported petrol products volumes declined from 5.9 million litres daily in January to 3.7 million litres daily in April, representing a drop of about 37.3 percent.
The figures indicated that locally refined petrol is steadily displacing imported fuel in the Nigerian market as output from the Dangote refinery expands.
The NMDPRA data disclosed that average refinery capacity utilisation by the Dangote refinery reached 99.12 per cent in April, achieving 100 per cent utilisation “for most of the days in April.”
The sharp increase in crude allocation to domestic refineries reflected improved collaboration among upstream producers, regulators and refiners following persistent concerns over inadequate crude supply for local processing.
The increase in local refining came amid elevated global crude prices triggered by geopolitical tensions involving Iran and the United States.
According to the NMDPRA report, dated Brent crude averaged $120.55 per barrel in April, while international petrol prices rose to $1,074.97 per metric tonne during the month. The increase in global oil prices translated into higher domestic petrol prices across the country despite the rise in local refining activity.
The report showed that average actual pump prices stood at N1,271.50 per litre in Lagos, N1,326 per litre in Abuja, N1,340 in Kano and N1,371.50 in Maiduguri during April. Maximum retail prices reached N1,400 per litre in Sokoto and N1,413 per litre in Maiduguri.
Despite the increase in fuel prices, petrol demand remained relatively resilient. The NMDPRA stated that average daily petrol truck-out into the domestic market stood at 51.1 million litres in April, slightly above the agency’s benchmark national consumption estimate of 50 million litres per day.
Petrol production averaged 53.6 million litres daily during the month, while domestic PMS supply stood at 40.7 million litres daily. Besides, diesel production averaged 23.6 million litres per day, while aviation fuel production stood at 22.9 million litres daily.
Nigeria’s fuel reserve position also remained stable during the period despite volatility in international oil markets. According to the report, the country maintained average stock sufficiency levels of 18 days for petrol, 39 days for diesel and 70 days for aviation fuel in April.
The report further showed that the three modular refineries currently in operation, namely WalterSmith Refinery, Edo Refinery and Aradel Holdings continued to produce diesel during the month.
Collectively, the modular refineries supplied an average of 0.559 million litres of diesel daily in April. WalterSmith operated at 56.14 percent capacity utilisation and produced 0.250 million litres of diesel daily, while Edo Refinery achieved 79.20 percent utilisation with output of 0.086 million litres daily. Aradel operated at 33.95 percent utilisation with production of 0.181 million litres daily.
In the gas sector, total average gas supply stood at 5.142 billion standard cubic feet per day (Bscf/d) in April. Out of the volume, 2.012 Bscf/d was supplied to the domestic market. Also, gas supplied to the power sector averaged 0.549 Bscf/d, while commercial consumers utilised 0.671 Bscf/d and gas-based industries consumed 0.468 Bscf/d.
Liquefied Petroleum Gas (LPG) supply averaged 4,545 metric tonnes daily, while consumption stood at 4,818 metric tonnes daily. Retail LPG prices ranged between N1,100 and N1,450 per kilogramme during the period.
NEWS
Tinubu Congratulates Lula on Re-Election, Seeks Stronger Nigeria-Brazil Ties
President Bola Ahmed Tinubu has congratulated Brazilian President Luiz Inácio Lula da Silva on his reported re-election for a fourth term, expressing his desire to strengthen Nigeria-Brazil relations across trade, investment, energy and other key sectors.
Tinubu conveyed his congratulations in a statement dated October 26, 2026, in Abuja, describing Lula as his friend and emphasising the historical ties between Nigeria and Brazil.
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The Nigerian president said Lula’s renewed mandate presents an opportunity for both countries to strengthen their longstanding friendship and expand cooperation in areas of mutual interest.
“Your renewed mandate offers an opportunity to strengthen the longstanding friendship and historical ties between Nigeria and Brazil,” Tinubu said.
He noted that Nigeria and Brazil, as leading nations of the Global South, could work together to promote economic integration and advance their shared interests amid a rapidly changing global order.
Tinubu said he looked forward to expanding cooperation between both countries in trade and investment, agriculture and food security, energy, oil and gas, manufacturing, science and technology, education, aviation and cultural exchange.
He also reaffirmed Nigeria’s commitment to strengthening multilateral cooperation with Brazil and advancing shared priorities across Africa, South America and the wider Global South.
“I affirm Nigeria’s continued commitment to working with Brazil to strengthen multilateral cooperation and advance shared priorities in Africa, South America, and across the Global South,” he said.
Tinubu, on behalf of the Nigerian people, wished Lula success in his new term in office.
“On behalf of the people of Nigeria, I wish you a successful new term in office,” the president added.
NEWS
Ebola: IGP Warns Nigerians Against Contact With Suspected Patients’ Body Fluids
The Inspector-General of Police, Olatunji Rilwan Disu, has urged Nigerians to remain calm and vigilant following the Federal Government’s reported confirmation of an Ebola case in the Federal Capital Territory (FCT), warning against contact with the blood and body fluids of suspected patients.
Disu also called for strict adherence to preventive measures, improved personal hygiene and cooperation with public health authorities to protect lives and prevent further transmission of the disease.
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In a statement issued on Monday, October 26, 2026, by the Force Public Relations Officer, CSP Ani Iniedu, the IGP emphasised the importance of public awareness and collective responsibility in combating the outbreak.
Know the Warning Signs
The Nigeria Police Force urged Nigerians to familiarise themselves with the symptoms associated with Ebola and seek medical guidance if they develop symptoms following possible exposure.
The warning signs highlighted in the police awareness campaign include: Fever,Severe, headache, Muscle pain, Weakness, Vomiting, Diarrhoea, Unexplained bleeding.
The public was cautioned not to wait until bleeding occurs before seeking medical assistance.
Anyone who suspects they may have been exposed to the virus should promptly contact health authorities for guidance.
How Ebola Spreads
According to the awareness information provided by the Nigeria Police Force, Ebola can spread through direct contact with the blood or body fluids of an infected person.
Transmission can also occur through contact with contaminated items or the body of someone who has died from the disease.
Members of the public were therefore advised to avoid direct contact with the blood, body fluids and personal items of suspected patients.
The police also warned against touching or washing the bodies of people suspected to have died from Ebola.
Preventive Measures Nigerians Should Follow
The IGP urged Nigerians to observe basic preventive measures to reduce the risk of infection.
The measures include washing hands regularly with soap and water, avoiding contact with suspected patients’ body fluids and staying away from potentially contaminated items.
The public was also advised not to handle the bodies of suspected Ebola victims and to cooperate with healthcare workers and contact-tracing teams.
According to the awareness poster, individuals who may have been exposed to the virus should avoid physical contact with others if they begin feeling unwell and contact health authorities for immediate guidance.
The poster further advised anyone experiencing symptoms following possible exposure to contact the Nigeria Centre for Disease Control and Prevention (NCDC) through its toll-free helpline, 6232.
IGP Directs Police Officers to Observe Safety Measures
Disu also directed police personnel to observe appropriate infection prevention measures while carrying out their duties and promptly refer suspected cases to qualified health professionals.
The police said suspected patients, contacts and healthcare workers must be treated with dignity and without discrimination.
The Force further called on Nigerians to cooperate with contact-tracing teams, provide accurate information when required and refrain from spreading unverified reports capable of causing unnecessary panic.
Members of the public were encouraged to rely on official updates from the Federal Ministry of Health and Social Welfare, the NCDC and other authorised public health agencies.
Police Warn Against Stigmatisation
The Nigeria Police Force assured Nigerians of its commitment to supporting relevant health authorities in protecting lives and maintaining public order throughout the period.
The Force also urged the public to share accurate information, remain vigilant and avoid stigmatising people affected by or suspected of having the disease.
The awareness campaign stressed that protecting public health is a shared responsibility and encouraged Nigerians to stay informed and follow appropriate preventive measures.
Members of the public should seek guidance from authorised health officials if they suspect exposure to Ebola.
NEWS
‘Nigeria Cannot Do What China Did’ – Oxford Economist Warns
Professor Stefan Dercon, a development economist at the University of Oxford, has warned that Nigeria cannot replicate China’s economic development model, urging the country to adopt pragmatic policies that reflect its own institutional realities.
Dercon made the remarks on Monday at the opening ceremony of the 32nd Nigerian Economic Summit (NES #32) in Abuja, where he highlighted the importance of leadership commitment, economic transformation and policies that promote sustainable growth.
According to him, Nigeria lacks the institutional structures that supported China’s development and must therefore identify an economic model suited to its own circumstances.
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“Nigeria does not have a Chinese state, and it can dream of it, but it doesn’t. But it also means it can’t do a China,” Dercon said.
He explained that China’s development was supported by a long history of meritocratic institutions, including a rigorous public examination system for civil servants that had existed for approximately 1,300 years.
The economist noted that many countries developed their state institutions through patronage and personal connections rather than merit-based systems, creating differences in their capacity to implement development policies.
Dercon, however, said Nigeria could still learn from successful economies by identifying approaches that fit its own circumstances rather than attempting to copy another country’s model.
He pointed to China’s shift away from an ideology-driven economy under former leader Mao Zedong towards a more pragmatic approach focused on economic growth and progress.
According to him, countries that achieve economic success share a commitment among their leadership to growth, regardless of the specific economic model they adopt.
“That’s actually what all countries that are successful, whatever the blueprint or the models they try to use, have in common. That’s an elite commitment to actually growth using a model that fits the context,” he said.
Dercon Calls for Economic Transformation
The Oxford economist urged Nigeria to demonstrate a serious commitment to transforming its economy, creating jobs and improving prosperity.
He argued that the country needed to move away from an economic system that benefits a limited group of people towards one that delivers broader opportunities and sustainable development.
“So what Nigeria needs is that. It needs a really serious commitment to begin to change this model,” Dercon said.
He added that the government must recognise its capabilities and limitations while identifying and correcting policies that undermine economic growth.
Dercon also emphasised the importance of learning from experience, testing policies and making necessary adjustments to achieve better results.
“But all these places, they learned, they tried, and they corrected, and then they made progress,” he said.
Indonesia Offers Lessons for Nigeria
Dercon also identified Indonesia as a country Nigeria could study for lessons on economic development, while acknowledging that the two countries have important differences.
He argued that economic growth should be treated as a national security priority because a stronger economy is essential to national development and stability.
“You need to grow the economy, you need to develop. That’s an issue of national security. I don’t think I have to explain that in Nigeria’s context either,” he said.
He advised Nigerian policymakers to maintain macroeconomic stability, remain consistent with sound economic policies and focus on practical measures capable of supporting long-term growth.
Dercon stressed that Nigeria’s priority should be to develop an economic strategy that reflects its institutional realities while promoting productivity, job creation and shared prosperity.





