The company said the latest decision cancels out the earlier increase of ₦75, effectively restoring the former pricing structure at its loading gantry. The move is expected to ease immediate pressure on downstream marketers who were already adjusting to the higher rate.

Industry stakeholders say the reversal has helped calm market tensions, as traders had begun repositioning in anticipation of a sustained price increase.

The development comes just hours after reports indicated that the refinery had raised petrol prices in response to fluctuations in global crude oil costs.

Rising fuel prices have been largely attributed to global crude oil volatility, foreign exchange pressures, and ongoing supply constraints affecting the deregulated downstream sector.

Despite these challenges, a source confirmed that Dangote Refinery will maintain the ₦1,275 per litre price, contradicting earlier reports of a ₦1,350 benchmark.

Meanwhile, the Emir of Kano, Muhammadu Sanusi II, has criticised Nigeria’s continued borrowing despite the removal of fuel subsidy. He argued that while subsidy removal and exchange rate liberalisation were necessary reforms, poor fiscal discipline and timing issues are undermining their intended benefits.

Sanusi, speaking in an interview with News Central TV, also faulted Nigeria’s reliance on foreign refineries while its local refining capacity remains underutilised, describing it as a structural weakness in the economy.

Concerns have been rising over the political future of the current Rivers State Governor, Siminalayi Fubara, ahead of the 2027 polls. At the same time, rumours circulated online alleging that Wike had endorsed former Commissioner for Works, Alabo Dakorinama George Kelly, following a closed-door meeting with political stakeholders in Port Harcourt on Monday.

However, speaking during his monthly media briefing in Abuja on Wednesday, Wike clarified that no such endorsement has been made.

He stated that any decision on a candidate would only be taken after consultations within a broader political arrangement.

“I haven’t endorsed anybody. And I can’t endorse anybody until the joint coalition meets,” Wike said.

Meanwhile, Peoples Democratic Party (PDP) chieftain Bode George has alleged that Wike is heavily influencing the selection of governorship candidates for both the PDP and the All Progressives Congress (APC) in Rivers State.

George warned that such developments could deepen tensions within the PDP and destabilise the wider political environment if not properly addressed.

Speaking on Arise Television’s Morning Show, he described the ongoing crisis in the PDP as unprecedented and criticised members of Wike’s political camp for allegedly disregarding party rules and processes.

The Emirates Stadium was already buzzing long before kick-off, as fans welcomed the team bus with banners and created a powerful atmosphere following the 1-1 draw in the first leg in Spain.

Saka struck the decisive goal just before half-time in the second leg, helping Arsenal secure a 2-1 aggregate win and a ticket to the final in Budapest on May 30.

Speaking to Amazon Prime, the England international said the support from the stands left a strong impression on the team.

“It’s so beautiful. We’re all so happy. This was a high-pressure game, we managed it well to get to the final,” Saka said.

“It started before the game, I’ve never seen anything like it. They pushed us during the game. Let’s celebrate it together. There’s no way you’ll come to this situation and not have pressure. It’s a semi-final and we’re fighting for the Premier League. We block it out and focus on getting the job done.”

Henry Praises Saka’s Determination Amid Injury Struggles

Arsenal legend Thierry Henry also revealed he had a private conversation with Saka during his recent injury spell, commending his resilience and commitment after returning to action.

Henry noted that Saka has faced constant scrutiny throughout the season but has continued to prove his value on the pitch despite setbacks.

“I would love to see if we can speak to Bukayo because I want him to explain to people that being a footballer is not always about the glamorous moments,” Henry said.

“He’s been questioned all season. Can he be the guy? Is he the star boy or not? Today he had to play with barely any training. I know he’s dealing with an Achilles issue.

“He came back and told me: ‘I’ve got to be on the pitch. I’ve got to be on the pitch against Fulham. It’s do or die.’

“So you have to give those guys a lot of credit. People forget players go through injuries and still deliver when it matters.”