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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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NARROW ESCAPE: Enugu Air Aircraft Leaves Passengers Traumatized Following Dramatic Runway Overshoot!.
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Runway Excursion: An Enugu Air aircraft veered off the runway after landing at Benin Airport on Thursday.....KINDLY READ THE FULL STORY HERE▶
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Safety Confirmation: All passengers and crew members on board safely disembarked without any injuries or casualties.
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Authorities Notified: The aircraft has been secured, and relevant aviation authorities have been notified while investigations to determine the circumstances of the incident are underway.
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Schedule Adjustments: The airline noted that the incident may cause temporary changes to flight schedules, and affected passengers will be contacted directly with necessary assistance.
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MIND-BLOWING RECORD: 20 Football Legends Who Conquered The FIFA World Cup Before Turning 21!.
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New Entrant: Spain winger Lamine Yamal has entered FIFA’s ranking of the 20 youngest World Cup winners, securing the joint-fourth spot after winning the tournament at 19 years and six days old.....KINDLY READ THE FULL STORY HERE▶
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Top Rankings: Brazilian icon Pelé remains at the top of the list after winning at 17 years and 249 days, followed by fellow Brazilian Ronaldo in second and Italy’s Giuseppe Bergomi in third.
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Country Representation: Brazil leads the overall rankings with eight players, while Spain features two players, with defender Pau Cubarsí ranking seventh at 19 years and 178 days.
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Other Notable Stars: Other prominent players who secured the title before turning 21 include Kylian Mbappé, Kaká, David Trezeguet, and Thierry Henry.
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THE ULTIMATE VOTER SHOCKER: Peter Obi Unleashes Fierce Demand For Emergency Voter Card Deadline Extension!.
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Call for Extension: Peter Obi, the 2027 presidential candidate of the Nigeria Democratic Congress (NDC), has urged the Independent National Electoral Commission (INEC) to further extend the voter registration window to ensure a credible register for the upcoming general elections.....KINDLY READ THE FULL STORY HERE▶
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Legal Basis: He noted that his appeal is backed by a Federal High Court judgment from November 22, 2022 (Anaja Salmat & 3 Others v. INEC), which ruled that voter registration should remain open until 90 days prior to a general election to safeguard citizens’ constitutional voting rights.
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Inclusion of Youth: Obi emphasized the importance of accommodating young Nigerians turning 18, warning that closing registration too early would unnecessarily disenfranchise them.
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Current Deadline: This appeal follows INEC’s previous decision to extend the nationwide Continuous Voter Registration exercise by two weeks, moving the new closing date to Friday, July 24, 2026.
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