NEWS
Petrol Imports Surge 989% to N952bn Amid Dangote, Importers Feud
Nigeria spent N952.15bn on imported Premium Motor Spirit, popularly known as petrol, in the second quarter of 2026, representing a staggering 989.4 per cent increase from the N87.40bn recorded in the first quarter.
The latest figures contained in the National Bureau of Statistics’ foreign trade report showed that petrol accounted for 6.60 per cent of Nigeria’s total imports of N14.42tn during the quarter, making it the country’s largest imported commodity.
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Despite the sharp quarterly increase, the value of petrol imports declined significantly year-on-year, falling from N2.83tn in the second quarter of 2025 to N952.15bn in Q2 2026, representing a 66.4 per cent reduction.
The surge in petrol imports came amid an ongoing dispute between the Dangote Petroleum Refinery and fuel importers and marketers over the continued importation of petrol despite rising domestic production.
The Dangote refinery had reportedly considered stopping petrol sales to major marketers that continue to import the product, citing concerns over the quality of imported petrol and the possibility of imported fuel being blended with its products.
Dangote also raised concerns over the lack of sufficient independent laboratory and quality-control infrastructure to verify the quality of imported petrol.
The refinery said imported petrol accounted for about 43 per cent of fuel supplied into the Nigerian market in July, adding that the issuance of import licences made it difficult to accurately plan production and inventory.
It said excess stock could eventually be exported if the situation continued.
However, fuel importers and marketers rejected the position, describing the move as an attempt to restrict imports. They challenged Dangote to provide evidence that imported petrol failed to meet Nigeria’s required quality standards.
Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed that average daily petrol imports fell from 11.23 million litres in Q1 to 9.23 million litres in Q2, representing a 17.8 per cent decline.
However, imports increased sharply in June, reaching 18.1 million litres per day compared with 3.7 million litres per day in April.
At the same time, domestic petrol supply increased, with domestic refineries supplying 38.23 million litres per day in Q2, up from 34.57 million litres per day in Q1, representing a 10.6 per cent increase.
Consequently, the share of domestic refineries in Nigeria’s petrol supply rose from 75.5 per cent in Q1 to 80.5 per cent in Q2, while the import share dropped from 24.5 per cent to 19.5 per cent.
Industry data also indicated that imported petrol was more expensive than Dangote’s locally refined product.
According to the Major Energy Marketers Association of Nigeria, Dangote’s gantry price stood at N1,265 per litre, compared with an import-parity price of N1,310.64 per litre under the approved pricing benchmark.
This meant imported petrol was about N45.64 per litre more expensive.
The Independent Petroleum Marketers Association of Nigeria subsequently called on the Federal Government to halt petrol imports, arguing that import licences were resulting in higher prices and undermining domestic refineries.
Meanwhile, Nigeria exported N546.02bn worth of petrol in Q2 2026, up 20.67 per cent from N452.48bn in Q1.
Of the Q2 petrol exports, N416.78bn went to African markets, while N376.46bn was exported to West African countries.
Despite the increase in exports, Nigeria remained a net importer of petrol by value during the quarter, importing N952.15bn worth of the product against exports valued at N546.02bn—a difference of N406.12bn.
The higher import bill was also linked partly to international market conditions, as the period coincided with disruptions to global oil supplies and rising international fuel prices.
NEWS
Makinde Fires Back at Presidency, Insists on ₦9tn NLNG Dividend Shortfall
Oyo State Governor Seyi Makinde has challenged the Presidency to explain how Nigeria Liquefied Natural Gas (NLNG) dividends were distributed among states and local governments, insisting that a reconciliation exercise identified a shortfall of about ₦9 trillion.
Makinde’s position was contained in a statement issued on Sunday by his Special Adviser on Media, Dr Sulaimon Olanrewaju, in response to the Presidency’s rejection of the governor’s earlier claims over NLNG dividend payments.
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The statement said the Nigeria Governors’ Forum (NGF), with the support of the Federal Government, engaged a consultant to reconcile NLNG dividend payments, adding that the exercise identified approximately ₦9 trillion allegedly due to states and local governments.
“The exercise identified a shortfall of about ₦9 trillion due to states and local governments. The Federal Government accepted the findings,” the statement said.
The governor maintained that the reconciliation report remained in the custody of both the Federal Government and the NGF.
“The report remains in the custody of both the Federal Government and the NGF. We trust the Presidency will not deny its existence,” the statement added.
The statement also noted that Makinde is the incumbent Vice-Chairman of the NGF.
Makinde Questions $21.5bn NLNG Dividend Payments
The governor questioned the Presidency’s statement that NLNG had paid $21.5 billion in dividends into the Federation Account since its inception, including $3 billion received under the current administration.
According to Makinde, the Presidency’s response did not explain how the payments were distributed or establish the amounts received by states and local governments.
“The Presidency stated that NLNG had paid $21.5 billion in dividends into the Federation Account since inception, including $3 billion received under the current administration. But it did not explain how these funds were disbursed,” the statement said.
The governor also questioned whether states and local governments had received their shares, how much they received and the basis for calculating their allocations.
“Have states and local governments received their shares? How much did they receive, and how were those amounts calculated? What happened to the $3 billion received under this administration?” the statement asked.
Makinde defended the figures he had previously cited, maintaining that his claims were based on verifiable information.
“Governor Makinde conducts public discourse with decorum and does not make unfounded claims or quote figures without a basis,” the statement said.
The governor maintained that he was ready to provide further clarification on the matter while urging the Presidency to address the substance of the allegations.
“We remain ready to provide further clarification while we urge the presidency to address the substance of the matter,” the statement added.
Recall that Biztellers had earlier reported the Presidency’s rejection of Makinde’s claim concerning NLNG dividends allegedly withheld from states and local governments.
The Presidency stated that NLNG had paid $21.5 billion in dividends into the Federation Account since its inception, including $3 billion received under the current administration.
However, in his latest response, Makinde argued that disclosing the total amount paid into the Federation Account did not address how the funds were distributed among the different tiers of government.
The governor is now demanding clarification on the distribution of the dividends and the findings of the reconciliation exercise that reportedly identified the ₦9 trillion shortfall.
NEWS
NANS Threatens to Shut Down AE-FUNAI Over School Fees Hike
The National Association of Nigerian Students (NANS) has threatened to shut down Alex Ekwueme Federal University, Ndufu-Alike (AE-FUNAI), Ebonyi State, if the institution’s management fails to reverse the reported increase in school fees.
The association, in a press release dated Sunday, October 18, 2026, described the reported tuition increment as insensitive, unjustifiable and unacceptable, citing the economic difficulties confronting Nigerian students.
The statement was signed by the NANS President, Dist. Comr. Akinteye Babatunde Afeez, GCNS, who warned that the increase could frustrate the academic aspirations of countless students.
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“To be clear, education cannot be commercialised. Students cannot be made to pay for the financial challenges confronting our universities,” the statement read.
NANS acknowledged that universities require adequate funding but argued that their managements, particularly vice-chancellors, should explore innovative revenue-generating opportunities rather than impose additional financial burdens on students.
The association maintained that the Federal Government was investing heavily in education to keep students in school and ensure that access to education was not determined by their financial background or status.
NANS Gives University Management Conditions
The student body warned the vice-chancellor and the entire university management against policies capable of pushing students out of school.
It said the national leadership would not stand by while Nigerian students faced additional financial pressure that could threaten their academic futures.
“Going forward, we wish to make it clear to the Vice-Chancellor and the entire University Management that the National Leadership of NANS will not stand by while Nigerian students are subjected to policies capable of pushing them out of school,” the statement said.
NANS subsequently demanded an immediate reversal of the reported tuition increase and called on the university to restore fees to the affordable and reasonable levels that existed before the increment.
The association warned that failure to meet its demand would lead to a mobilisation of its national leadership to the institution.
“To this end, we call on the management of Alex Ekwueme Federal University to immediately reverse the reported tuition increment and return the fees to the affordable and reasonable level that existed before the increment. Otherwise, we will mobilise the National Secretariat of NANS to Alex Ekwueme Federal University and shut down the school until the fee is reversed,” the statement added.
NANS Reaffirms Commitment to Students
The association reiterated its commitment to defending the interests, welfare and aspirations of Nigerian students.
It pledged to continue speaking firmly against policies that place unnecessary and unbearable financial burdens on students.
NANS maintained that students should not be made to bear the financial challenges confronting universities and called on the management of AE-FUNAI to reverse the reported increase.
NEWS
Gov Uba Sani Hands Over Land Titles to Displaced Residents of Nine Kaduna Communities
Kaduna State Governor Uba Sani has handed over land titles to displaced residents of nine communities in Birnin Yero, Igabi Local Government Area, to enable them to rebuild their homes and regain shelter.
The Kaduna State Ministry of Information and Culture disclosed the development on Sunday, October 18, 2026, describing the exercise as an intervention aimed at helping displaced residents rebuild their homes.
According to the ministry, each beneficiary is being allocated a plot of land to support resettlement and provide shelter for affected residents.
SEE ALSO: Kaduna Moves to Clear 5-Year Promotion Backlog for 24,000 Teachers
“ He is officially handing over land titles, giving each person a plot of land to rebuild their homes and regain shelter,” the ministry’s announcement stated.
The ministry also noted that Governor Sani had continued to support displaced communities across Kaduna State since assuming office.
The latest exercise focuses on nine communities in Igabi Local Government Area, with the allocation of land intended to help affected residents rebuild their homes and regain stability.
The development comes amid previous reports concerning land disputes and displacement affecting communities in Kaduna State.
In September 2026, reports indicated that the Kaduna Geographic Information Service (KADGIS) had resolved more than 5,000 land disputes and restored over 150 property titles.
The agency also reported that alternative plots had been provided to some communities affected by previous demolitions.





