General News
DANGOTE REFINERY REDUCES PETROL PRICE AGAIN, CUTS COST TO N875 PER LITRE IN LAGOS
The Dangote Petroleum Refinery & Petrochemicals has announced another price reduction for Premium Motor Spirit (PMS), bringing the new price to N875 per litre in Lagos. This latest price cut, which takes effect immediately, sets regional pricing at N885 per litre in the South West, N895 per litre in the North West and North Central, and N905 per litre in the South East, South South, and North East.
The company said it is committed to ensuring Nigerians benefit directly from domestic refining. “We are committed to ensuring Nigerians benefit directly from domestic refining. This price reduction is another step towards that goal,” the company said in a statement.
The revised rates are available through the refinery’s official distribution partners, including MRS, AP (Ardova), Heyden, Optima Energy, Techno Oil, and Hyde Energy. The company has introduced multiple rounds of price reductions since beginning operations, including a N125 per litre reduction in February 2025 and an additional N45 reduction in April.
“We want Nigerians to know that despite global oil market volatility, our prices will remain stable,” the company added. “By refining locally at the world’s largest single-train refinery, we are not only driving down costs but also strengthening Nigeria’s energy security and saving foreign exchange.”
The company credited the federal government’s Naira-for-Crude Initiative for enabling the continued price drops. “We are grateful to His Excellency, President Bola Tinubu, for this visionary initiative, which has empowered us to consistently reduce the price of petroleum products to the benefit of all Nigerians,” it said.
The refinery also reassured the public of ample supply, noting that reserves are sufficient to meet national demand and support exports that will boost foreign exchange earnings.
In a separate development, Aliko Dangote, founder of the Dangote Refinery, was recognised in TIME Magazine’s inaugural TIME100 Philanthropy list for 2025, highlighting his foundation’s work and influence in philanthropy.
The Economic Community of West African States (ECOWAS) has introduced an urgent, coordinated strategy to safeguard food security across West Africa and the Sahel, as global economic disruptions and rising oil prices continue to threaten agricultural production.
The decision followed an extraordinary virtual meeting of ECOWAS Ministers of Agriculture held on March 23, 2026, where regional leaders assessed the growing risks to food systems.
The high-level meeting, convened by the ECOWAS Commission through its Department of Economic Affairs and Agriculture under Commissioner Kalilou Sylla, brought together key regional institutions, development partners, and financial stakeholders.
Participants—including representatives from the West African Economic and Monetary Union and the Permanent Inter-State Committee for Drought Control in the Sahel—reviewed the impact of rising fertiliser costs, driven by global market volatility and increasing energy prices, on agricultural productivity across the region.
Deliberations resulted in the adoption of a medium- to long-term operational framework aimed at strengthening food sovereignty and building resilience within regional food systems.
Key measures outlined in the plan include the immediate establishment of regional agreements to secure strategic fertiliser supplies, as well as the creation of emergency reserves to cushion the effects of future price shocks.
The ministers also approved the introduction of liquidity swap mechanisms through central banks to address foreign exchange constraints faced by importers—an intervention expected to improve access to critical agricultural inputs.
“Our collective response underscores the urgency of safeguarding food security in the face of external shocks,” Sylla said, noting that enhanced regional coordination and targeted interventions would help sustain agricultural production and protect vulnerable populations.
The initiative highlights ECOWAS’ commitment to deepening regional cooperation and implementing sustainable solutions to emerging threats to food security across West Africa and the Sahel.
President of the Senate, Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas, on Monday paid a Sallah homage to President Bola Ahmed Tinubu in Lagos.
The visit formed part of activities marking the Sallah celebrations, as top government officials and political leaders paid courtesy calls to the President.
During the meeting, President Tinubu also received members of the Lagos State Governor’s Advisory Council, a key political body in Lagos State.
Lagos State Governor’s Advisory Council
The engagements provided an opportunity for discussions on national issues and strengthened ties between the executive and legislative arms of government.
The Sallah homage is a long-standing tradition in Nigeria, where political leaders and stakeholders visit the President and other top officials during major Islamic festivities.
Former presidential candidate Peter Obi has expressed concern over the reported arrest of a Kaduna-based Islamic cleric, Sheikh Ahmad Tijjani Umar, describing the development as a threat to Nigeria’s democratic principles.
In a statement issued on Monday, Obi said he was informed that the cleric was arrested by authorities shortly after hosting him in Kaduna on Sunday. He described the situation as “deeply troubling,” warning that it reflects a growing pattern of intimidation and suppression of dissenting voices in the country.
Obi noted that such actions, if confirmed, undermine fundamental rights, including freedom of speech and movement, which he said are essential pillars of any democratic society.
He further stressed that harassment or persecution of citizens based on perceived political affiliations must not be tolerated, urging the government to uphold the rule of law in its dealings with Nigerians.
“This country must defend freedom and free speech, which are the hallmarks of every democratic society,” Obi stated, adding that suppression and intimidation of dissent have no place in a functioning democracy.
The former Anambra State governor called on authorities and all relevant actors to refrain from actions capable of weakening the nation’s already fragile democratic system.
As of the time of filing this report, there has been no official confirmation from security agencies regarding the alleged arrest.