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Dangote Refinery Sets Pricing Strategy Amid Fuel Price Hike in Nigeria
Dangote Refinery Sets Pricing Strategy Amid Fuel Price Hike in Nigeria....KINDLY READ THE FULL STORY HERE▶
The Nigerian Presidency has announced that Dangote Refinery will not sell its products, including Premium Motor Spirit (PMS), below the official market price. This decision comes as the refinery, led by Aliko Dangote, officially commenced petroleum production, marking a significant development in Nigeria’s energy sector.
During the launch, Mr. Dangote explained that the pricing strategy for refined petroleum products would be established through collaborative efforts between the Federal Executive Council (FEC) and the Nigerian National Petroleum Company (NNPC) Limited. This strategy highlights the government’s regulatory role and the NNPC’s industry expertise in determining fair pricing.
Recent Fuel Price Increases
In related news, filling stations operated by the NNPC across Nigeria have recently implemented a significant increase in fuel prices, with rates soaring above N850 per litre. Reports from SaharaReporters indicate that this price hike aligns with a directive from NNPC management, which mandated an immediate adjustment of the official fuel price from N568 to N855 per litre. This adjustment has major implications for consumers and the national economy, as rising fuel prices can lead to increased transportation and living costs.
Dangote Refinery’s Pricing Authority
A report from Bloomberg further revealed that the Nigerian government would grant Dangote Refinery the authority to set gasoline prices for petroleum marketers starting next month. According to top government sources, this change means that petrol marketers will be permitted to purchase products directly from the Dangote Refinery, allowing for more competitive pricing in the market.
Temitope Ajayi, the Senior Special Assistant (SSA) to President Bola Tinubu on Media and Publicity, emphasized that Dangote Refinery is a private enterprise aimed at profit-making and will not sell its products below market value. Ajayi stated, “I don’t see how NNPC or the federal government will control the price for a private business.” He noted that the role of the petroleum industry regulator is to ensure product quality and fair pricing, preventing businesses from exploiting consumers.
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“I Have Jonathan’s Certificate Of Return!” – Agbedi Drops Shocking Political Claim.
Fredrick Agbedi, a House of Representatives member representing Bayelsa State, has called on Nigerians to applaud the Peoples Democratic Party (PDP) for encouraging former President Goodluck Jonathan to make a political comeback. During an appearance on Arise Television’s morning show this Wednesday, Agbedi maintained that Jonathan holds the full right to seek the presidency in 2027.....KINDLY READ THE FULL STORY HERE▶
Regarding the former president’s potential candidacy, Agbedi remarked:
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The PDP has repeatedly discussed Jonathan’s potential run, and the internal processes are nearly finished.
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He is currently in possession of the official Certificate of Return, which is intended for presentation to Jonathan.
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Given Jonathan’s track record of “credible transformation” during his tenure, Agbedi argued that citizens should support the PDP’s efforts to nominate him as a solution to Nigeria’s current challenges.
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Emphasizing the spirit of national service, Agbedi questioned the opposition to Jonathan’s potential return, asking where else a dedicated leader should serve if not for the betterment of his own country.
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He confirmed that should Jonathan choose to run, it would be under the banner of the PDP.
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“Oborevwori Ran To APC Because I Am A Threat”: Omo-Agege Drops Political Bombshell.
Former Deputy Senate President Ovie Omo-Agege recently alleged that Delta State Governor Sheriff Oborevwori joined the All Progressives Congress (APC) from the Peoples Democratic Party (PDP) due to fears regarding electoral competition. Speaking on Arise Television’s The Morning Show on Wednesday, Omo-Agege claimed the Governor’s decision was motivated by political survival rather than ideological alignment. The former senator specifically asserted, “Oborevwori chickened out from the PDP to the APC because I am a threat” in anticipation of the 2027 elections.....KINDLY READ THE FULL STORY HERE▶
Highlighting the APC’s performance during his leadership in the 2023 elections, Omo-Agege noted that the party secured two of the three senatorial seats in Delta State. He further emphasized his influence by pointing out his victory in Delta Central, where he claimed to have defeated the governor’s candidate by a margin of roughly 15,000 votes. Omo-Agege also attributed the recent wave of defections from the PDP to the APC to his post-election mobilization efforts across the state. Despite the Governor’s shift in party affiliation, Omo-Agege expressed confidence in his political influence and remains certain of his electoral base leading into 2027.
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Owo Church Massacre: Four Sentenced To Death By Hanging In Landmark Terror Verdict.
Ondo State Governor, Lucky Aiyedatiwa, has expressed his support for the court ruling that sentenced four individuals to death for their participation in the June 5, 2022, attack on St. Francis Catholic Church in Owo. Through his spokesperson, Ebenezer Adeniyan, the Governor affirmed that this verdict proves justice will ultimately prevail against those who harm innocent people.....KINDLY READ THE FULL STORY HERE▶
The ruling was delivered by Justice Emeka Nwite of the Federal High Court in Abuja, following a terrorism case initiated by the Department of State Services (DSS). Governor Aiyedatiwa characterized the decision as a triumph for the rule of law and a moment of relief for the families impacted by the tragedy. He further praised the judicial and investigative teams for their dedication to bringing the perpetrators to account.
Highlighting the state’s stance against violence, the Governor stated, “This judgment sends a strong message that those who take innocent lives will face the full weight of the law, regardless of how long it takes to secure justice”. He also lauded the Owo community and the Catholic Church for maintaining peace throughout the difficult aftermath.
While acknowledging that the court’s decision cannot replace the lives lost, Aiyedatiwa noted that it provides some closure to the grieving families and bolsters faith in the justice system. Finally, he pledged his administration’s continued partnership with security agencies to enhance public safety and prevent future occurrences, while offering prayers for the victims and their families.
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