Connect with us


BIG STORY

Dangote Refinery Begins Direct Petrol Sale To Marketers

Published

on

The Dangote Petroleum Refinery has commenced the supply of Premium Motor Spirit, commonly known as petrol, directly to some oil marketers, bypassing the Nigerian National Petroleum Company Limited.

It was reported that while more oil marketers are making efforts to procure the product directly from the refinery, others are importing the commodity, with hundreds of millions of litres of imported PMS expected to arrive at Nigeria’s shores within two weeks.

It was earlier reported that at least four vessels carrying imported PMS arrived at seaports along the nation’s borders between Friday, October 18, and Sunday, October 20.

The report, citing a document from the Nigerian Port Authority, stated that about 123.4 million litres of PMS were berthed at two seaports to enhance the fuel supply nationwide.

This aligned with earlier report that oil dealers were planning to import PMS to supplement the supply from the $20bn Dangote refinery.

Meanwhile, as major oil marketers continue to import the product, some have begun lifting PMS directly from the Lekki-based refinery.

A senior official at the refinery mentioned that marketers can now engage in direct business transactions with the company on a “willing-buyer, willing-seller” basis.

“Marketers are already coming to the refinery to lift PMS. They are lifting directly from the refinery, not through a third party,” the reliable source, who spoke anonymously due to lack of authorisation to discuss the matter, confirmed.

Although the official did not disclose the price at which the marketers were acquiring the product, he suggested that they would not be purchasing it if the price were not favourable.

“We have reached agreements with some of the marketers and more are still ongoing. I don’t know the exact price, but if the price is not good, the marketers would not be coming to us,” the official stated.

He further indicated that the situation is improving, particularly with the Federal Government commencing the supply of crude oil to the facility.

Another official at the refinery showed one of the correspondents the trucks of some marketers loading PMS directly from the plant without involving the NNPC.

“Some of the trucks you saw there today were from marketers purchasing the product directly from Dangote, without recourse to NNPC. So the direct sale has started,” the source stated.

The official explained that due to the high demand for petrol in Nigeria and other regions, the refinery is focusing on producing 53% of PMS from its crude oil supplies.

“This could be reviewed in the future if the demand for other finished products increases more than the demand for petrol, but right now about 53% of our crude is used for petrol production, while other products account for the remaining percentage,” the official stated.

When asked if marketers had indeed started purchasing petrol from Dangote without involving NNPC, a prominent oil marketer confirmed.

“Yes, everyone is in the process. This was advised that it would happen soon and is a normal business transaction,” the marketer said.

However, this contradicts some reports suggesting that the refinery could not sell petrol to marketers unless the deal between it and the NNPC was terminated.

The PUNCH previously reported that the company had initially announced that the NNPC would be the sole off-taker of its petrol from September 15.

A refinery source mentioned that this was a decision made by the Federal Government. The same source expressed surprise when the Technical Subcommittee on “Domestic Sale of Crude Oil in Local Currency” announced on October 11 that marketers could now lift petrol directly from the refinery.

“Moving forward, petroleum product marketers are now able to purchase PMS directly from local refineries without the intermediary role of NNPC. Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency,” stated the Minister of Finance, Wale Edun, who chairs the committee, in a statement.

Following the committee’s announcement, industry operators noted that the market had been fully deregulated and that they would now approach the refinery to apply for PMS lifting.

Recall that the Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, recently led a delegation of officials to a meeting with the Vice President of Dangote Industries, Devakumar Edwin, in Lagos.

Although Fashola did not provide extensive updates about the meeting with Edwin, he expressed his gratitude for the roles Edwin had played.

“Edwin received us very well and promised to make things easier for IPMAN to do business with Dangote,” Fashola said.

Fashola further added, “We had a fruitful discussion with the group. We have started discussing modalities and other logistics. IPMAN has agreed to work with Dangote. We hope very soon we will start lifting products from the facility.”

However, IPMAN stated that it could not immediately begin off-taking products unless the refinery concluded its contract with the NNPC.

Nonetheless, refinery officials confirmed that the facility is already selling PMS to some marketers.

When the Dangote refinery started selling PMS on September 15, the NNPC claimed to have purchased the product at a rate of N898/litre, which the refinery described as misleading.

The refinery clarified that the “naira-for-crude” committee would be responsible for announcing the price of its PMS. As of October 22, the committee had yet to release an official price.

BIG STORY

Police To Resume Nationwide Tinted Glass Permit Enforcement January 2, 2026

Published

on

The Nigeria Police Force has announced that it will resume the nationwide enforcement of the tinted glass permit policy from January 2, 2026, citing growing security concerns linked to the misuse of unauthorized tinted vehicle glass.

The announcement was contained in a statement issued on Monday by the Force Public Relations Officer, Chief Superintendent of Police Benjamin Hundeyin.

The police said the decision followed a review of emerging security threats and the need to enhance public safety, pending the final determination of a related matter currently before the court.

The Force clarified that there was no court order restraining it from enforcing the law regulating the use of tinted glass on vehicles.

It explained that enforcement was earlier suspended in the interest of transparency and public convenience, to allow motorists sufficient time to regularize their documentation and complete the permit application process without pressure.

According to the statement, recent security trends have revealed a rise in criminal activities carried out with the aid of vehicles fitted with unauthorized tinted glass.

Such vehicles, the police noted, have been used by criminals to conceal their identities while committing offences including armed robbery, kidnapping and other violent crimes.

In view of these developments, the police said the resumption of enforcement had become necessary and urgent as a proactive step to safeguard lives and property across the country.

“Recent trends, however, reveal a disturbing rise in criminal activities perpetrated with the aid of vehicles fitted with unauthorized tinted glass.

“Some individuals and organized criminal groups have exploited this gap to conceal their identities and facilitate crimes ranging from armed robbery to kidnapping and other violent crimes.

“In view of this, the Nigeria Police Force has found it both necessary and urgent to resume full enforcement as a proactive measure to safeguard our communities. Consequently, enforcement of Tinted Glass Permit will resume on 2nd January, 2026,” the statement read.

 

Continue Reading

BIG STORY

Buhari Believed Aso Rock Gossip I Planned Killing Him, Began Locking His Room —— Aisha

Published

on

Former First Lady, Aisha Buhari, has narrated how her husband, the late President Muhammadu Buhari “began locking his room” following gossip in Aso Rock that she (Aisha) planned to kill him.

The ex-First Lady also said the health crisis that forced Buhari, to take 154 days of medical leave in 2017 began with a broken feeding routine and mismanaged nutrition.

She argued that Buhari’s illness was not a mysterious ailment or poisoning.

Her account of the health crisis appeared in a new 600-page biography, ’From Soldier to Statesman: The Legacy of Muhammadu Buhari’, authored by Dr. Charles Omole, launched at the State House on Monday.

It read, “According to Aisha Buhari, her husband’s 2017 health crisis did not originate as a mysterious ailment or a covert plot. It started, she says, with the loss of a routine; ‘my nutrition,’ she describes it, a pattern of meals and supplements she had long overseen in Kaduna before they moved into Aso Villa.”

The former First Lady convened a meeting with close staff, including the physician, Suhayb Rafindadi; the CSO, Bashir Abubakar; the housekeeper, and the SSS DG to explain the plan.

She said, “Daily, cups and bowls with tailored vitamin powders and oils, a touch of protein here, a change to cereals there.”

“When the Presidency’s machinery took over our private lives, she explained the plan: daily, at specific hours, cups and bowls with tailored vitamin powders and oil, a touch of protein here, a change to cereals there. Elderly bodies require gentle, consistent support,” Omole narrated.

However, the routine frayed.

“Then came the gossip and the fearmongering. They said I wanted to kill him,” the book quotes her as saying.

“My husband believed them for a week or so,” she said, revealing that the President began locking his room, changed small habits, and crucially, “meals were delayed or missed; the supplements were stopped.”

“For a year, he did not have lunch. They mismanaged his meals,” she added.

The deterioration culminated in Buhari’s two extended medical trips to the United Kingdom, totalling 154 days in 2017, during which he ceded authority to Vice President Yemi Osinbajo.

Upon return, he admitted to being “never so ill” and having received blood transfusions.

Buhari’s absences “sparked rumours, speculation, and even conspiracy theories,” Omole wrote.

Mrs Buhari debunked stories of plots to poison her husband.

Her contention, Omole noted, is that “loss of a routine, ‘my nutrition,’ was the genesis of the crisis.”

In London, doctors prescribed an even stronger regimen of supplements, he explained.

Initially, Buhari “was frightened and not taking them as prescribed. So she took charge of his welfare, slipping hospital-issued supplements into his juice and oats,” it read.

The former First Lady described the turnaround as swift, noting, “After just three days, he threw away the stick he was walking with. After a week, he was receiving relatives.”

“‘That,’ she says, ‘was the genesis, and also the reversal of his sickness,’” the book stated.

According to Omole, critics said Buhari’s reliance on UK hospitals exposed the failure of Nigeria’s health system.

A “more compassionate perspective,” he wrote, recognises that a man in his 70s may require specialised care “not readily available in Nigeria” after “decades of underinvestment.”

He also noted Buhari’s habit of handing power to his deputy during absences, which, he said, ensured “institutional propriety, even during personal health crises.”

The book also revealed a climate of mistrust around the Presidency.

Mrs Buhari alleged surveillance, the bugging of the President’s office with listening devices and playback of private conversations, saying, fear and conscience “contributed to taking his life.”

She refuted the long-held rumour that Buhari had a body double, popularly known as “Jibril of Sudan,” as absurd, arguing that poor strategic communication in government allowed simple, banal developments to metastasise into conspiracies.

Continue Reading

BIG STORY

Dangote Releases Details of ‘$5m Spent By NMDPRA CEO’ On His Children’s Secondary School Education In Switzerland [PHOTO]

Published

on

Aliko Dangote, chairman of the Dangote Group, says Farouk Ahmed, chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent about $5 million on the secondary school education of his children in Switzerland.

In a paid newspaper advert on Tuesday, the billionaire said Ahmed paid the said amount for four of his children, covering a period of six years.

On Monday, Dangote had alleged that Ahmed Farouk “paid $5 million” to a Swiss secondary school for his children’s education, describing the act as “economic sabotage and corruption”.

Releasing details of his allegations, in the newspaper advert, Dangote listed the four children as Faisal Farouk, Farouk Jr., Ashraf Farouk, and Farhana Farouk.

According to the billionaire entrepreneur, the secondary schools the children attended for a duration of six years were Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School.

Dangoted also presented estimated annual tuition, living expenses, air travel, and upkeep, which were multiplied across four children and several years of study.

He said the annual cost of tuition, airfare, and upkeep per child was $200,000, which totals $800,000 per year for his four children.

The businessman further explained that the total living expenses and air tickets per child over six years was $1.2 million, amounting to $4.8 million for all four children.

Overall, Dangote estimated that the combined cost of tuition and upkeep for all the children reached $5 million.

He also listed the tertiary education expenses for Ahmed’s children, noting that tuition, upkeep, airfare, and other costs average approximately $125,000 per year over a four-year period.

According to the billionaire, this adds up to $500,000 for four years per child, totaling $2 million for all of them.

“Faisal just finished the 2025 Harvard MBA at $150,000 and $60,000 for upkeep, tickets and other incidentals. Total =$210,000 spent in 2025 for Faisal’s MBA,” he added.

Dangote said Nigerians deserve to know the source of the money “paid by a public officer while many parents in his home state of Sokoto cannot afford to pay N10,000 school fees for their children and wards”.

 

Continue Reading


 

 


 

 

 

 

Join Us On Facebook

Most Popular


Warning: Undefined array key "slug" in /home/porsch10/public_html/wp-includes/class-wp-theme-json.php on line 2117

Warning: Undefined array key "slug" in /home/porsch10/public_html/wp-includes/class-wp-theme-json.php on line 2117

Warning: Undefined array key "slug" in /home/porsch10/public_html/wp-includes/class-wp-theme-json.php on line 2117