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BIG STORY

Dangote Refinery Begins Petrol Production Test-Run — Reuters Report

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Oil marketers are eagerly awaiting the price of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery as the plant commences a production test-run of PMS before its release in September.

According to a Reuters report, the refinery is undergoing test runs for petrol production, with full operation expected to commence by mid-September.

However, IIR Energy, an oil industry monitor, noted that “it is possible that there could be further extensions” to this timeline.

Members of the Major Energies Marketers Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria are still awaiting the price of the product from the $20bn plant.

The Federal Government’s committee, established to ensure the implementation of crude oil sales to local refineries in naira, had previously reached an agreement with the Dangote Petroleum Refinery for the rollout of petrol in September this year.

The spokesperson for Dangote refinery, Anthony Chiejina, had not responded to enquiries regarding the matter at the time of contact.

IIR Energy provides real-time, supply-side global market intelligence for the commodity trading community.

The report stated that the Federal Government also disclosed that the sale of crude oil to Dangote Refinery and other local refineries will commence on October 1, 2024.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this during a meeting with the Implementation Committee in Abuja.

Also at the meeting, the Executive Chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji, and the Chairman of the Technical Sub-Committee reported that “The first PMS delivery from Dangote is expected next month under existing agreements.”

When contacted and asked whether the price of PMS from the refinery had been made known to marketers, the National Operations Controller of IPMAN, Mustapha Zarma, said oil dealers were still waiting for the cost of a litre of petrol from the refinery.

“There is no cost yet. When the product is available, they will release the cost. But they are test-running the plants now,” Zarma stated.

He, however, pointed out that oil marketers may not be able to buy petrol from Dangote refinery if the cost is the actual market price, stressing that the pump price of PMS is currently lower than the actual market price.

“Even if there is a price from the refinery, you cannot buy their product. At the prevailing retail price, you cannot buy their product. You can only buy it if they (Dangote) go into agreement with the government or unless the policy on petrol pricing changes,” Zarma stated.

The IPMAN official reiterated the recent revelation of the Nigerian National Petroleum Company Limited that the pump prices of petrol in Nigeria were far below the landing cost of the commodity.

MEMAN recently stated that the landing cost of petrol was around N1,117/litre.

Zarma said Dangote would not sell his product below his cost price, except if the government intervenes. The government, through NNPC, is the sole importer of petrol into Nigeria and it bears the burden of subsidising the cost of the product.

  • Changes In Dates

The President of Dangote Group, Alhaji Aliko Dangote, announced on May 18, 2024, that from June, the refinery would begin producing petrol, adding that Nigeria would not have to import the product again.

In June, he stated that due to a minor delay, the refinery would commence petrol supply in July.

The July target was then moved to August before the government announced on August 20 that the plant would release PMS in September.

An official of MEMAN stated that the refinery was taking its time to ensure that the product meets the required specifications for the country.

The official, who spoke to our correspondent in confidence due to lack of authorisation to speak on the matter, also explained what the test-run of PMS by the plant entails.

He said, “Under normal circumstances, when you make your product, you are not making it in a bucket, you are making it to fill massive tanks. Because when you start selling, you are going to be selling in ships. So, you make several millions of litres and you keep blending and testing until it reaches the right specifications.

“It is like when you are cooking a soup, when you put salt, you taste it, when you put seasoning you taste and that is how you continue until you reach the right taste. It is the same thing when they continue to blend and blend until it reaches the required specification.

“You blend, you mix it and you test if it has the right specs; if it’s not, you mix some more and blend it; you adjust your refinery, blend it, and test it. You keep blending and testing until it reaches the right specification. When it reaches the right specification, then you push up.”

BIG STORY

BUHARI: Obasa Mourns, Tasks Nigerians To Celebrate His Life And Legacy

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Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa, has expressed his heartfelt condolences on the passing of former President Muhammadu Buhari, GCFR, describing it as a profound loss for both the Buhari family and the entire nation of Nigeria.

In a statement released by his Chief Press Secretary, Dave Agboola, Speaker Obasa reflected on President Buhari’s lifelong dedication and selfless service to the nation both as a military Head of State and as a two-term elected President of Nigeria.

“President Buhari served our nation with a commitment that will be remembered as a significant part of our history.
“His contributions to the development and unity of Nigeria have left an indelible mark on our country,” said Obasa.

As the nation mourns his passing, Speaker Obasa emphasised the importance of celebrating Buhari’s legacy. “While we grieve his loss, we must also honour his contributions and reflect on the values he championed throughout his time in Office,” he added.

The Speaker urged all Nigerians to take a moment to remember the life and work of President Buhari, as the country continues to strive for the ideals he represented. “Let us come together in this time of sorrow, united in our commitment to building the Nigeria he envisioned,” Obasa stated.

“Our thoughts and prayers are with his family and all who were touched by his leadership. May his soul rest in peace.”

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BIG STORY

VP Shettima, Gbajabiamila Depart Abuja To Accompany Buhari’s Body Back To Nigeria [PHOTOS]

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Vice President Kashim Shettima, alongside the Chief of Staff to the President, Femi Gbajabiamila, has left Abuja for London to accompany the late former President Muhammadu Buhari’s remains back to Nigeria.

It was earlier reported that Buhari, a two-term President who also once served as a military head of state passed away on Sunday evening.

Reports indicate that the former President died in London, where he had traveled a few weeks ago to receive medical treatment.

Throughout his time in office, Buhari dealt with various health issues, often traveling abroad for extended medical care.

Following his death, President Bola Tinubu instructed Shettima to head to London and bring Buhari’s body back to Nigeria.

Gbajabiamila is also joining Shettima on the trip. Both men were seen boarding the presidential jet on Sunday night in a post shared on X.

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BIG STORY

UPDATE: President Tinubu, Former Leaders Gather For Buhari’s Burial In Daura Today

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President Bola Tinubu and several former Nigerian heads of state are expected to assemble in Daura today for the burial of former President Muhammadu Buhari, in accordance with Islamic customs.

Vice-President Kashim Shettima, acting on the President’s directive, accompanied Buhari’s body from London where he passed away around 4:30 pm on Sunday.

Report has it that Buhari’s remains are expected to arrive in Nigeria early Monday for immediate transport to his hometown in Daura, Katsina State, for burial.

“The burial is today (Monday). They’re bringing his corpse over the night. They’ll go straight to Daura. So, they’ll bury him today (Monday).

You know, the Islamic rites don’t take time,” one official, who asked not to be named, explained.

Another insider said, “When the corpse arrives, we are sure the President would go there. After they go to Daura, the President can join them there.”

When asked if any African presidents would be present in Nigeria to pay their respects, a third official replied, “Yes, there would be mainly West African Leaders. But we don’t know who and who until they start to communicate on Monday.”

The official added, “The body will arrive early tomorrow and be buried. We’ll start having heads of state from West Africa. It is likely that some will come.

If they come they will stay in their hotels until they get a time to see the President today (Monday).

You know, the President just came back early hours of today. And he’s still resting.”

Tinubu had announced the former leader’s death, which followed a lengthy undisclosed illness.

“President Tinubu has spoken with Mrs Aishat Buhari, the former President’s widow and offered his deep condolences,” read a statement issued Sunday by Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga.

The statement was titled ‘President Tinubu Announces President Buhari’s Passing, Orders VP Shettima To The Uk To Accompany Body Back Home.’

“President Tinubu has also ordered Vice President Kashim Shettima to proceed to the United Kingdom to accompany President Muhammadu Buhari’s body back to Nigeria,” Onanuga said.

Tinubu instructed that national flags be flown at half-mast as a tribute to the late leader.

He also called for an emergency Federal Executive Council meeting on Tuesday, July 15, 2025, to honour the former President.

In a personal tribute signed Sunday evening, Tinubu affirmed that Buhari would receive full state honours.

“As a mark of respect to our former leader, I have directed that all national flags fly at half-staff across the country for seven days from today,” Tinubu wrote.

He added, “I have also summoned an emergency Federal Executive Council session on Tuesday, dedicated to his honour.”

The President said the news of Buhari’s death brought him “profound sorrow and a heavy heart,” and noted that Nigeria had lost “a patriot, a soldier, a statesman.”

“President Buhari was to the very core, a patriot, a soldier, a statesman. His legacy of service and sacrifice endures.

He served Nigeria with unwavering dedication, first as a military leader from January 1984 to August 1985, and later as a democratically elected President from 2015 to 2023.

Duty, honour, and a deep commitment to the unity and progress of our nation defined his life,” Tinubu wrote.

Tinubu also characterized Buhari as a steady leader during difficult times, praised for his integrity and strong belief in Nigeria’s potential.

He commended Buhari’s fight against corruption and his effort to bring discipline to governance.

“He championed discipline in public service, confronted corruption head-on, and placed the country above personal interest at every turn,” Tinubu said.

The President also expressed sympathy to the people and traditional authorities of Daura, the late President’s birthplace.

“In this moment of national mourning, I extend my deepest condolences to his beloved wife, Aisha, with whom I have been in constant touch, his children, the entire Buhari family, and all who knew and loved him.”

“I also extend my condolences to the government and people of Katsina State, most especially the people and traditional leaders of Daura Emirate,” he stated.

Tinubu said the government would arrange a funeral that reflects Buhari’s “towering contributions to our country” and prayed for his peaceful rest.

“We honour his service. We reflect on his legacy. And we pray for the peaceful repose of his soul,” he said, adding, “May Allah forgive his shortcomings and grant him Al-Jannah Firdaus. And may his life continue to inspire generations of Nigerians to serve with courage, conviction, and selflessness.”

The 82-year-old had travelled to London in late June for continued treatment for an unspecified medical condition.

During his presidency, Buhari frequently travelled abroad for health reasons.

He made at least 13 medical trips to the UK while in office.

His first documented trip occurred in June 2016, just over a year into his presidency, lasting ten days.

By 2017, his health-related travels increased in frequency and length.

In May 2017, he spent more than 100 days in London, his longest medical leave, sparking concerns about leadership continuity.

Such visits were often suddenly announced, with official statements describing them as “routine check-ups.”

From 2018 to 2021, Buhari is said to have travelled to London for medical purposes at least once annually, including trips in April 2021 and March 2022.

His last known medical trip while president occurred in October 2022, just months before completing his tenure.

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