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Breaking: Ex‑Depot Rate Falls, Marketers Slash Pump Price in Fresh Dangote-Driven Shift
Petroleum marketers under the Independent Petroleum Marketers Association of Nigeria (IPMAN) have announced a reduction in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, effective Tuesday, July 15....KINDLY READ THE FULL STORY HERE▶
This adjustment follows Dangote Refinery’s decision to lower its ex‑depot price from ₦840 to ₦820 per litre, a move that prompted IPMAN members to review their retail prices.
Speaking with journalists after an emergency meeting in Abuja, IPMAN National President, Abubakar Maigandi, confirmed the new pricing structure.
“We met on Tuesday and agreed to reduce the price of petrol to between ₦900 and ₦920 per litre for our members in Abuja and the North Central region,” Maigandi said, as quoted by Daily Post.
He further explained that marketers in other parts of the country will now sell petrol at prices ranging from ₦860 to ₦890 per litre, depending on transportation costs and local conditions.
“Nigerians are happy because we’ve seen a consistent reduction in fuel prices in recent weeks,” Maigandi added.
The price cut comes barely a week after Dangote Refinery—with a daily refining capacity of 650,000 barrels—announced its second downward price review for July, a move that has been credited with helping to stabilise domestic fuel costs.
This development coincides with a public holiday declared by the Federal Government in honour of former President Muhammadu Buhari, who passed away in London on Sunday, July 14, 2025. His burial is scheduled to hold on Tuesday in his hometown, Daura, Katsina State.
The reduction also mirrors the global dip in crude oil prices, with Brent crude trading at $69.10 per barrel and West Texas Intermediate (WTI) at $66.98 as of Monday—both below earlier figures above $70.
Industry analysts note that the price cut, combined with the refinery’s aggressive pricing strategy, highlights the positive effects of ongoing downstream sector liberalisation and a market-driven approach aimed at easing the burden on Nigerian consumers.
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A fresh legal dispute has emerged in Kano State over the planned appointment of a Deputy Governor, as lawyers have filed a suit seeking to stop the State House of Assembly from screening Murtala Garo for the position.....KINDLY READ THE FULL STORY HERE▶
Former federal lawmaker Shehu Sani has urged the Kwara State Government to reconsider its plan to file criminal charges against former Senate President Bukola Saraki and others over the 2018 Offa robbery incident.....KINDLY READ THE FULL STORY HERE▶
The Joint Admissions and Matriculation Board (JAMB) has announced the release of 632,788 results for candidates who sat for the 2026 Unified Tertiary Matriculation Examination (UTME) held on April 16.....KINDLY READ THE FULL STORY HERE▶
In a statement signed by its spokesperson, Fabian Benjamin, the Board advised candidates to check their results by sending “UTMERESULT” via SMS to 55019 or 66019 using the same phone number used during registration.
JAMB stated that candidates can currently only view their results, adding that printing of result slips will be activated later.
The Board also warned candidates against tampering with or falsifying result messages obtained through official channels, describing such actions as a serious criminal offence.
It revealed that enforcement measures are already underway, with some individuals arrested for alleged result manipulation using digital tools.
According to JAMB, further results will be released in batches as processing continues.
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