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Dangote Refinery Hikes Fuel Prices Again, Nigerians Brace For Hardship.
Nigerians are set to feel another pinch at the fuel pump as Dangote Refinery announced a fresh gantry price increase for Premium Motor Spirit (PMS), marking the fourth hike in March 2026.....KINDLY READ THE FULL STORY HERE▶
The 650,000-barrel-per-day refinery said petrol will now sell at ₦1,245 per litre, up from ₦1,175, starting Saturday, 21st March 2026. The company cited escalating geopolitical tensions in the Middle East, which pushed Brent and WTI crude prices to $112 and $98 per barrel, respectively.
This latest adjustment follows previous increases in March, from ₦774 to ₦875, then ₦995, and ₦1,175 per litre. Retailers relying on Dangote petrol will now raise pump prices, meaning Nigerians could pay between ₦1,331 and ₦1,400 per litre in Abuja by Saturday.
Experts say the hike reflects global oil realities, not domestic policy failures.
Prof. Wumi Iledare, Emeritus of Petroleum Economics, explained that global crude price surges make such increases inevitable, even with Nigeria’s growing refining capacity. He noted that the country now operates under a market-driven fuel pricing regime, urging Nigerians to adopt energy-efficient practices and support broader sector reforms.
Prof. Godwin Oyedokun, accounting and finance expert at Lead City University, echoed the view, attributing the rise to geopolitical tensions affecting Brent crude prices. He warned that global energy shocks directly impact domestic inflation and living costs, advising targeted government relief instead of blanket subsidies.
Both experts agree that Nigerians must adjust to a world where fuel prices are increasingly dictated by international markets, with structural reforms needed to strengthen the country’s energy sector.
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Don’t Burn Tyres On New Roads — FERMA Begs Abia Residents.
The Federal Road Maintenance Agency (FERMA) has appealed to residents of Abia State and other road users along the Aba–Azumini highway to protect the newly completed road from activities that could damage it.....KINDLY READ THE FULL STORY HERE▶
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Correctional Service Declares Escaped Yobe Inmate Wanted Nationwide.
The Nigerian Correctional Service (NCS), Yobe State Command, has declared a 30-year-old inmate wanted after he escaped following a road accident involving a prison transport vehicle.....KINDLY READ THE FULL STORY HERE▶
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Court Orders UI To Reinstate Students Suspended Over Fee Hike Protest.
The Federal High Court sitting in Ibadan, Oyo State, has ordered the University of Ibadan (UI) to reinstate three students suspended over their participation in a protest against tuition fee hikes.....KINDLY READ THE FULL STORY HERE▶
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