latest
Dangote Petrol Sold Cheaper In Togo, Nigerians Left Paying More – Importers Sound Alarm
Some fuel importers and depot owners have raised concerns over what they describe as a double standard by the Dangote Petroleum Refinery, accusing the company of selling petrol to international traders at prices ₦65 lower per litre than those offered to local marketers.....KINDLY READ THE FULL STORY HERE▶
The Depot and Petroleum Product Marketers Association of Nigeria (DAPPMAN) and the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) argued that this practice undermines competition and puts domestic businesses at a disadvantage.
DAPPMAN’s Executive Secretary, Olufemi Adewole, revealed that several members had sourced petrol from Lomé, Togo, where international traders received the product at significantly lower rates than Nigerian marketers. He explained that repeated requests for supply allocations from the refinery were either ignored or subjected to conditions that made local operations unprofitable, forcing importers to seek alternatives.
“Dangote is selling to international traders at ₦65 cheaper than what he is selling to us. In some cases, we were able to buy from those channels and still bring it to Nigeria. They claim they are buying in bulk when exporting to Lomé,” Adewole said. He stressed that domestic players require discounts to cover freight and other costs to remain competitive.
PETROAN President Billy Gillis-Harry supported DAPPMAN’s claims, confirming that the refinery’s products were cheaper in Togo than in Nigeria.
In response, Dangote Refinery dismissed the allegations, suggesting that DAPPMAN was behind recent tensions with the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), which accused the company of anti-union practices. A company spokesperson questioned why marketers were sourcing fuel from Lomé instead of established suppliers in Russia or Malta and confirmed that free deliveries from the refinery would commence on Monday.
Adewole accused the refinery of using strategically timed price cuts to destabilize the market. He recalled that Alhaji Aliko Dangote previously vowed to reduce prices whenever importers brought in cargoes, which he described as calculated moves to stifle competition rather than patriotic interventions.
DAPPMAN emphasized that Nigeria’s downstream sector cannot rely on a single refinery. Adewole stated that while Dangote Refinery contributes significantly, it meets only 30–35% of national demand, with the remainder supplied by independent marketers under strict regulations. He criticized the refinery’s “free delivery” program, saying it imposed hidden costs by requiring marketers to lift allocations using Dangote-owned trucks at commercial rates.
Meanwhile, Dangote Refinery announced plans to deploy compressed natural gas (CNG) powered trucks as part of its logistics-free distribution initiative, aiming to reduce the gantry price to ₦820 per litre, with expectations of lower pump prices across key states.
The pricing dispute unfolds amid tensions between Dangote and NUPENG, which recently threatened industrial action over alleged anti-union practices. DAPPMAN expressed concern over the escalation, warning that the dispute could further destabilize fuel supply in an already fragile downstream market.
Political scientist and public affairs analyst Udenta Udenta has outlined how presidential hopeful Peter Obi could defeat President Bola Tinubu in the 2027 election.....KINDLY READ THE FULL STORY HERE▶
What is the Dollar to Naira exchange rate in the black market (also known as the parallel market or Aboki FX)?....KINDLY READ THE FULL STORY HERE▶
Iheanyi Chinasa, the National Assembly Liaison Officer to Abia State Governor Alex Otti, has officially defected to the All Progressives Congress (APC).....KINDLY READ THE FULL STORY HERE▶
The defection was announced in a statement on Sunday by Levinus Nwabughiogu, media aide to the Deputy Speaker of the House of Representatives. According to the statement, Chinasa—popularly known as Dogo—joined Deputy Speaker Benjamin Kalu at an APC stakeholders’ meeting held in Owerri, Imo State.
The meeting, which was convened by Imo State Governor Hope Uzodinma, brought together several party leaders and formed part of ongoing efforts by the APC to strengthen its influence in the South-East region.
Chinasa’s move has attracted attention given his role in Abia State, where he previously worked closely with the Labour Party-led administration as a bridge between the state government and federal lawmakers.
His defection also signals a political shift, as he had earlier contested against Benjamin Kalu for the Bende Federal Constituency seat in the 2023 general elections on opposing platforms.
Reacting to the development, Kalu welcomed him into the APC and expressed confidence that more political figures may join the party in the near future. He also urged party members and aspirants to remain committed as preparations for future elections continue.
-
latest8 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp