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Dangote Refinery Defends Petrol Price Increase, Says MRS, Ardova Will Sell At N970 Per Liter

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The Dangote Petroleum Refinery says the increase in its ex-depot premium motor spirit (PMS) price was driven by the significant rise in global crude oil prices.

In a statement on Sunday, Anthony Chiejina, the group chief branding and communications officer, explained that crude oil remains the primary input in PMS production, and any fluctuation in its international price directly impacts the cost of the finished product.

On January 17, Dangote refinery informed customers via email that the price of its PMS, also known as petrol, has increased to N955 per litre at the company’s loading gantry.

“At Dangote Petroleum Refinery, we recognise the critical importance of affordable fuel for all Nigerians, and we remain committed to offering the best value with guaranteed quality to our customers,” Chiejina said.

“While we have made a 5% adjustment to our ex-depot price from N899.50 to N950 per litre, it is important to note that this increase is considerably lower than the 15% rise in global crude oil prices, which has seen Brent Crude rise from $70 to $82 in a matter of days, in addition to the premium for Nigerian crude (approximately $3 per barrel) in international markets.

“Furthermore, Dangote Refinery has maintained the Single-Point Mooring (SPM) ex-vessel price at N895 per litre.

“All our partners, including Ardova, Heyden, and MRS Holdings, will offer petrol to Nigerians at a retail price of N970 per litre nationwide.

“We have absorbed the increased logistics costs to guarantee uniform pricing across the 36 states of the federation and the Federal Capital Territory (FCT).

“Dangote Refinery has absorbed approximately 50% of the cost increases in the international oil market.

“This is due to our unwavering commitment to quality and affordability, as well as the ownership of the refinery by Nigerians, which remain central to our mission.”

Chiejina also said if the refinery passed on the entire increase in crude oil price to the market, the retail price of petrol would have been between N1,150 and N1,200 per litre, compared to the current price of N970.

He expressed the refinery’s gratitude to President Bola Tinubu for introducing the “visionary naira-for-crude initiative”.

Chiejina noted that the “groundbreaking initiative” has ensured consistent access to high-quality PMS for Nigerians while insulating them from global oil market volatility.

BIG STORY

NSA Ribadu Tells Canada To “Go To Hell” For Denying Military Chiefs Visas

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In a significant diplomatic snub, Canada has refused to grant visas to Nigeria’s Chief of Defence Staff (CDS), Gen. Christopher Musa, and several other senior military officers for an official event. Speaking on Thursday, February 13, 2025, at the first annual lecture of the National Association of the Institute for Security Studies (AANISS) in Abuja, National Security Adviser (NSA) Nuhu Ribadu voiced his dissatisfaction, telling Canada “to go to hell.”

The officials were scheduled to participate in a ceremony in Canada honoring war veterans, but only a part of the delegation was granted visas, sparking strong reactions from Nigerian authorities.

Ribadu and Musa discussed the matter at the inaugural lecture of the Alumni Association of the National Institute for Security Studies (AANISS). The event, attended by security experts and government officials, highlighted national security and international collaboration.

Ribadu labeled the visa denial as disrespectful, while Musa stressed that Nigeria needs to assert itself internationally and no longer be taken lightly. Musa reflected on how his team had been invited to the veterans’ event, only to be hit with an unexpected setback when some members of the delegation were denied entry. He viewed the incident as a reminder for Nigeria to bolster its independence and strength.

He stated, “Every disappointment is a blessing. Yesterday, I was meant to be in Canada for an event to honor our veterans… half of us have gone, and half have been denied. It’s very disappointing. It’s a clear reminder that the country must stand on its own, stand strong as a nation, and should no longer be taken for granted.”

Ribadu commended Musa for his leadership in tackling security issues and underscored the importance of national advancement. He remarked, “Thank you for having the courage to say Canada denied you visas. They can go to hell. Even though it’s painful and disrespectful, we are peaceful and strong, and I agree with you that it is time to fix our country.”

The visa rejection raises concerns about Canada’s position on Nigerian military officials and its broader diplomatic relationship with Nigeria. While the exact reasons for the denial remain unclear, the incident has shed light on the bureaucratic and political obstacles Nigerian officials face in international dealings.

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Gbenga Adeyinka D’1st Gears Up For Laffmattazz “About Time World Tour”

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Iconic Nigerian comedian, Gbenga Adeyinka D’1st, is set to embark on a global comedy tour, bringing laughter and excitement to fans around the world.

The Laffmattazz tagged “About Time World Tour” promises to be an unforgettable experience, featuring Gbenga Adeyinka D’1st’s unique brand of comedy and other amazing comedians.

The tour will kick off in Nigeria, with shows in Ibadan, Akure, Abeokuta, and Lagos.

From there, Gbenga Adeyinka D’1st will take his comedy to the global stage, performing in the UK, Canada, and the USA.

“We are thrilled to announce the Laffmattazz World Tour, which promises to be an epic comedy experience,” said Gbenga Adeyinka D’1st.

When asked what his fans should expect, Gbenga Adeyinka D’1st said “We have an amazing lineup of shows planned, and we can’t wait to bring laughter and joy to our fans around the world.”

The Laffmattazz World Tour is set to be a hilarious and entertaining experience, featuring Gbenga Adeyinka D’1st’s signature comedy style, which blends humor, storytelling, and audience interaction.

For more information on the Laffmattazz World Tour, including tour dates, venues, and ticket information, follow us on social media @gbengaadeyinka1stgcon @Laffmattazz_ga1st

Join the conversation on social media using the hashtag #LaffmattazzWorldTour.

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BIG STORY

Our Matriarch Has Returned To Her Creator

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With a heavy heart and complete submission to the will of Almighty Allah, we announce the passing of our beloved mother, Mrs Mojisola Norinatu Adebayo Nee Adelakun who departed this world on the evening of Tuesday, February 11, 2025.

Fondly known as Iya Wale, she lived a remarkable 68years filled with love, kindness, and wisdom. She was a pillar of strength who taught us patience, tolerance, and, above all, the true essence of love. Her presence touched many lives, and her legacy of compassion will forever remain in our hearts.

Though my siblings and I deeply mourn her loss, we take solace in the knowledge that she has returned to her Creator. In accordance with Islamic rites, she was laid to rest on Wednesday, February 12, 2025.

As we reflect on her impactful life, the family will hold the 8th Day Fidau prayers next week to honor her memory. We kindly ask for your prayers and support during this difficult time.

May Allah grant her eternal rest and admit her into Al-Jannah Firdaus.

 

Dr. Abiola Adebayo

For the Family

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