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Dangote Refinery Faces Accusations of Creating Monopoly as Oil Marketers Deny Allegations
Dangote Refinery Faces Accusations of Creating Monopoly as Oil Marketers Deny Allegations....KINDLY READ THE FULL STORY HERE▶
A recent controversy has erupted between Dangote Industries and the Depot and Petroleum Products Marketer’s Association of Nigeria (DAPPMAN), after claims by Dangote’s Vice President, Devakumar Edwin, accused the group of reporting the refinery’s low-priced diesel to President Bola Tinubu. According to Edwin, the oil marketers were displeased with the refinery’s price cuts, as they allegedly hurt their businesses.
Allegations Against DAPPMAN
During a recent Nairametrics space session on X, Edwin revealed that oil marketers had reported Dangote Refinery to President Tinubu, arguing that the refinery’s low diesel prices negatively impacted their businesses. He noted that local marketers had stopped purchasing diesel and aviation fuel from Dangote, leading to a significant drop in sales, with the refinery selling just 29 tankers of diesel per day.
The low local patronage, Edwin explained, forced the refinery to export most of its diesel and aviation fuel. Diesel prices at Dangote Refinery had dropped significantly from N1,200 to N900 per litre, a move the marketers reportedly described as counterproductive to their business models.
DAPPMAN Responds to Accusations
Despite these claims, DAPPMAN has strongly denied the accusations. The association’s Executive Secretary, Olufemi Adewole, stated that the marketers never approached President Tinubu with such a complaint. Adewole’s letter to Senate President Godswill Akpabio, dated July 4, 2024, provided insight into the real concerns raised by DAPPMAN, which included maintaining fair competition within Nigeria’s downstream petroleum industry.
The letter titled, “An Urgent Call for the Sustenance of Deregulation and Free Market in the Downstream Petroleum Industry in Strict Compliance with the Petroleum Industry Act 2021,” outlined the association’s belief that monopolies in the industry, particularly in diesel supply, could harm not just the marketers but the broader economy.
Concerns Over Dangote’s Market Influence
DAPPMAN’s letter also highlighted a potential monopoly by Dangote Refinery, warning that allowing the refinery to be the sole supplier of Automotive Gas Oil (AGO) would restrict healthy competition. They stressed that other Nigerian entrepreneurs had invested over N3 trillion in the downstream sector and should not be forced out of business by Dangote’s dominance.
A significant point raised in the letter was the quality of the refinery’s diesel. The association claimed that Dangote’s AGO has a sulphur content exceeding 700 parts per million (ppm), far above the required 50/ppm. This discrepancy, according to DAPPMAN, is detrimental to both marketers and consumers, as the product doesn’t meet international standards. Yet, regulators have restricted marketers to sourcing only from Dangote Refinery, further limiting competition.
Monopoly Concerns and the Need for Policy Review
DAPPMAN expressed concerns over Dangote’s influence across multiple sectors, citing its dominance in industries such as cement, sugar, and salt production. The association argued that if unchecked, the refinery could monopolize the downstream petroleum market, making it difficult for smaller marketers to compete. They also accused Dangote Refinery of offering lower prices to foreign buyers, further disadvantaging local companies.
In response to these challenges, DAPPMAN called on the government to eliminate restrictions that force marketers to source products exclusively from Dangote. They recommended allowing free importation of petroleum products in line with international standards and promoting healthy competition until Nigeria’s other refineries, such as those in Port Harcourt and Warri, are fully rehabilitated.
Nigeria Customs Service (NCS) has recorded a historic breakthrough with the emergence of its first female pilot, Superintendent of Customs Nafisat Balogun, who recently earned a commercial multi-engine pilot licence in the United States.....KINDLY READ THE FULL STORY HERE▶
The achievement was celebrated by the Nigeria Customs Technical Hangar Service, marking a significant step in the agency’s drive to strengthen its aviation capacity for surveillance, logistics, and anti-smuggling operations.
At a ceremony attended by senior officers, the Managing Director of the Customs Technical Hangar Service, retired Comptroller of Customs Capt. Kuhi Mbaya, described the development as a landmark moment for the service.
He said Balogun’s transition from cabin crew to certified commercial pilot represents a major breakthrough for the Customs aviation unit and highlights the agency’s commitment to professional growth and inclusivity.
He added that the milestone reflects expanding opportunities within the Service as it continues to integrate air assets into its enforcement and border monitoring operations.
Balogun expressed gratitude for the support she received, noting that her journey required dedication and resilience, while pledging to apply her new skills in advancing the Customs mandate with professionalism and discipline.
The development has been widely described within the Service as an inspiration for greater female participation in technical and specialised roles.
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Osun 2026: APC Candidate Oyebamiji Pledges Inclusive Governance For Non-Indigenes, Interest Groups.
The All Progressives Congress (APC) governorship candidate in Osun State, Asiwaju Bola Oyebamiji (AMBO), has pledged to ensure inclusive governance by integrating non-indigenes and various interest groups if elected in the August 15, 2026 governorship election.....KINDLY READ THE FULL STORY HERE▶
He said his administration would operate a structured system that promotes participation and representation of all segments of society in governance.
The pledge was conveyed by a former lawmaker and ex-Special Adviser on Civic Engagement, Hon. Olatunbosun Oyintiloye, after he represented the candidate at an engagement with members of the Arewa community in Ibokun, Obokun Local Government Area.
Oyintiloye said the plan is aimed at strengthening the link between government and grassroots communities, ensuring public policies reflect citizens’ real needs.
He added that all groups would be actively involved in both policy formulation and implementation to drive development in the state.
Oyebamiji also promised continued engagement with farmers, traders, artisans, and non-indigene communities as key stakeholders in governance.
Responding, leaders of the Arewa community commended past inclusion efforts and pledged support for the APC candidate ahead of the election.
Barely a year after its inauguration in Akwa Ibom State, the African Democratic Congress (ADC) has been plunged into a deep factional crisis.....KINDLY READ THE FULL STORY HERE▶
Multiple factions are now locked in a struggle for control of the party, leaving members uncertain about the legitimate leadership structure.
One faction is led by John Akpanudodehe, a former National Secretary of the All Progressives Congress (APC), while another is headed by the embattled state chairman, Dick Duke.
Although the leader of a third faction could not be immediately confirmed, findings indicate that another group also exists within the party.
Sources further suggest that the Akpanudodehe-led faction is seeking to remove the current chairman through a recently held congress that has sparked controversy.
In response, Dick Duke convened a stakeholders’ meeting over the weekend, where he rejected the legitimacy of the said congress.
He said the party had formally written to the Independent National Electoral Commission (INEC) to distance itself from the exercise, citing a subsisting court order.
According to him, his tenure as state chairman is still valid until May, and any congress conducted before then would be unlawful.
Duke added that the party would only proceed with proper congresses after the expiration of his tenure and the resolution of legal issues, in line with due process.
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