News
Dangote Refinery Reduces Diesel Gantry Price By N200/Litre As Importers Receive New Shipments
Dangote Refinery Reduces Diesel Gantry Price By N200/Litre As Importers Receive New Shipments
Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price of diesel by N200 as importers reportedly receive new shipments.
The refinery cut the price from N1,800 per litre to N1,600 on Wednesday, according to Platts, an independent provider of information and benchmark prices for the commodities and energy markets.
Confirming the reduction, Joseph Obele, the national public relations officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), said the diesel price was reduced on May 26.
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The development comes amid a legal dispute on import licences issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to fuel marketers and NNPC.
Obele told TheCable that the latest price cut is widely seen as a positive impact of increased competition in the downstream petroleum sector.
“Dangote Refinery recently took legal action after NMDPRA granted five import licences to marketers for the importation of petroleum products,” the PRO said.
“Over the weekend, several of the vessels reportedly arrived, and the refinery reduced the price of AGO commonly known as diesel, by N200. The reduction is from N1,800 to N1,600.”
The downward adjustment also comes amid a drop in the global oil market, with Brent crude, the international oil benchmark, falling to $95.05 per barrel on Wednesday after closing at $98.04 per barrel a day earlier.
Oil prices have experienced sharp fluctuations since the outbreak of conflict in the Middle East on February 28, involving the United States (US), Israel, and Iran.
The crisis disrupted supply routes, particularly through the Strait of Hormuz, a critical channel for global oil shipments, which remained closed for weeks due to the conflict.
A temporary ceasefire agreement had led to Iran declaring the Strait of Hormuz open to commercial traffic, triggering a drop in oil prices by about 9 percent to $89.84 per barrel.
Dangote Petroleum Refinery
However, the decision was reversed less than 24 hours later.
Although the United Arab Emirates (UAE), on April 28, announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance after nearly 60 years of membership, the Middle East conflict remains a critical factor in the global oil market stability as peace talks continue between the US and Iran.
On May 25, US President Donald Trump, in a Truth Social post, said “the negotiations are proceeding in an orderly and constructive manner”.
He said both sides must take their time and get it right. Eereporter.com
Olukoyede Charges Students To Embrace Integrity For Future Leadership
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has charged students across the country to cultivate discipline, integrity and hard work as essential qualities for future leadership.
He gave the charge in Abuja recently at a sensitization lecture for pupils of Loyola Jesuit Basic School, Karu – Karshi Road, Gidan Mangoro, Abuja who visited the EFCC Academy on an educational excursion.
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Represented by the Head, Media Academy Unit, Assistant Commander of the EFCC, ACE 1 Chidimma Amanambu, the EFCC Chairman urged the pupils to shun dishonesty and criminality while striving for excellence and good conduct.
“You are the future leaders. Be disciplined, truthful, original and hardworking. These values will make you responsible leaders that Nigeria will be proud of,” he said.
Olukoyede
During the interactive session, Deputy Superintendent of the EFCC, DSE Angel O. Israel, delivered a lecture on “Consequences of Crime and the Benefits of Good Morals,” where the pupils were enlightened on the history, mandate and operations of the Commission, as well as offences investigated by the EFCC and career opportunities within the agency.
Speaking on behalf of the pupils and management of the school, the leader of the delegation, Ramat Joshua, expressed appreciation to the Commission for the impactful session and exposure provided to the students. Eereporter.com
Police Arrest 2 Suspected Cultists, Recover Arms In Edo
The Police, stormed venue of a gathering at Ohonre community in Benin City, Edo State, arrested two suspected cultists.
The Police Public Relations Officer, PPRO, of the Edo State Command, ASP Eno Ikoedem, in a statement, indicated that the suspects, identified as Victor Peter and Ogbewe Iyemoma, were arrested by operatives attached to the Ugbowo police Division, who responded to a distress report concerning the movement and gathering of some suspected cult members within the community.
Eereporter.com
The PPRO said that the team responded promptly and Mobilized to the location in a hot chase of the suspects, leading to the arrest of the two cultist and recovery of 1 Cut-to-size gun, in their possession for unlawful purposes.
Police
The police said the suspects have confessed to being members of the notorious Maphite cult group
The PPRO said that the State Commissioner of Police, CP Monday Agbonika, reiterated the Command’s resolve to deny criminal elements any opportunity within the state, while urging residents to continue providing timely and credible information to the police. Eereporter.com
Dino Melaye Congratulates Atiku Over ADC Primary Victory, Says “You Did It Like Arsenal”
Dino Melaye, a former federal lawmaker and chieftain of the African Democratic Congress (ADC), has juxtaposed Atiku Abubakar’s landslide victory at the party’s presidential primary poll with Arsenal’s recent English Premier League triumph.
Melaye and Atiku are Arsenal fans.
Tunde Ogbeha, returning officer of the ADC presidential primary poll, announced Atiku as winner of the exercise on Wednesday night.
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Atiku polled 1,846,370 votes to defeat two other contenders — Mohammed Hayatu-Deen, former managing director of the defunct FSB International Bank; and Rotimi Amaechi, ex-governor of Rivers.
Amaechi polled 504,117 votes, while Hayatu-Deen scored 177,120 votes.
Atiku would be gunning for the presidency for a sixth time in 2027. He has, however, appeared on the ballot as a presidential candidate on three occasions — 2007, 2019, and 2023.
On May 19, Arsenal won its first English Premier League title in 22 years after rival Manchester City dropped points in a 1-1 draw with Bournemouth at the Vitality Stadium.
In a one-liner X post on Thursday, Melaye said Atiku may just be doing it like Arsenal.
Dino Melaye, Atiku
“Oga you did it like Arsenal,” he wrote.
His comment comes amid controversy trailing the ADC primary, with Amaechi and Hayatu-Deen rejecting the results over alleged irregularities and voter disenfranchisement.
ADC presidential primary
African Democratic Congress (ADC)
atiku abubakar
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