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Oil Marketers Eye Direct Deal With Dangote As NNPC Buys N766/Litre

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged for direct access to Premium Motor Spirit (petrol) from the Dangote refinery, criticizing the Nigerian National Petroleum Corporation’s (NNPCL) dominance in the market.

IPMAN’s National Publicity Secretary, Chinedu Ukadike, advocated for an open market, aligning with the willing-buyer and willing-seller principle previously pledged by NNPCL.

Initially, NNPCL stated it wouldn’t be the sole off-taker of Dangote refinery products, allowing sales to any marketer. However, the Federal Government later declared NNPCL as the sole buyer.

On Friday, Finance Minister Wale Edun (represented by Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service) clarified that interested marketers must purchase petrol through NNPCL’s trading company.

The Dangote refinery will begin distributing 25 million liters of petrol daily to marketers starting Sunday.

He said, “I am glad to announce that all agreements have been put in place, and the loading of the first batch of PMS, as already announced by NNPC, will commence on Sunday, September 15, 2024. And from October 1, NNPC will commence the supply of crude oil to the Dangote refinery to be paid in naira.

“In return, Dangote refinery will supply PMS and diesel of equivalent value to the domestic market to be paid in naira. But for now, PMS will only be sold to NNPC. NNPC will then sell to various marketers.”

Reacting, Ukadike said the market should be liberalised.

“It should be open for all in line with the willing-buyer and willing-seller comments made by the NNPC. We are also looking at how to build our logistics and come up with our price,” he stated.

Also, the National President of the Petroleum Products Retail Outlets Association of Nigeria, Billy Gillis-Harry, raised concerns over the risks of creating a new domestic monopoly in the oil and gas sector.

Gillis-Harry said, “Right now, even on Saturday, that business (petrol) is going to start rolling out tomorrow (Sunday), we don’t know what the price might be. Nobody has informed us about anything; we are not aware of what the government is doing.

“We don’t know any of the pricing templates yet or the matrix that will bring about the pricing template. We have been asking Dangote or anybody that is in charge of this transaction to be transparent, but somehow, we have not got any of that information.

“We are about to leave NNPC monopoly from importation and now we are also going to have that in a domestic environment, that portends danger for the industry.”

  • 300 NNPC Trucks Load Fuel Today

The NNPC on Saturday said it had mobilised 300 trucks to lift PMS from the Dangote refinery today.

The spokesperson for the corporation, Olufemi Soneye, told one of our correspondents that the mobilisation of trucks to the refinery was based on the agreement reached by both parties as regards the lifting of petrol from the $20bn Lekki-based facility.

In a post on his official X handle that showed some trucks lining up at the refinery, Soneye said, “NNPC Ltd trucks are arriving at the Dangote refinery in preparation for the scheduled petrol loading on Sunday, September 15, 2024. By the end of today (Saturday), at least 300 trucks will be stationed at the refinery’s fuel loading gantry.”

Reacting to this, Soneye said, “Yes, trucks have indeed been mobilised there. Nobody has picked up anything yet. NNPC was given a September 15 date; it is lining up trucks there so that if they open the gates for it to move in and load, then it will load.”

Oil marketers confirmed that the NNPC had started moving trucks to the plant to load products, adding that the national oil company would also load PMS using its vessels.

They also noted that the price of Dangote petrol had not been made public yet, stating that independent marketers would only buy the commodity from the NNPC for now.

The National Operations Controller of IPMAN, Mustapha Zarma, said, “Independent marketers have not been given any offer by Dangote to ascertain the actual off-take price.

“So, for now independent marketers will be taking the product from NNPC, but hopefully in the next few weeks, we may start getting it directly from Dangote.”

Zarma noted that the NNPC would offtake the product from the Dangote refinery using tankers and ships that would move the PMS to coastal depots in Warri and Port Harcourt.

  • Dangote Petrol At N766/Litre

It was gathered that the Dangote refinery would sell its petrol at N766 to the NNPC.

Multiple sources from the Federal Ministry of Petroleum Resources, NNPC, and major energy marketers confirmed that the deal to supply crude to the Dangote refinery in naira was a key factor that led to the PMS price.

“What we are going to see based on the deal between NNPC and Dangote is similar to the DSDP (Direct Sale of crude oil and Direct Purchase of petroleum products) transactions that used to exist between NNPC and foreign refineries in the past.

“And this has really impacted positively on the price of petrol that Dangote is selling to NNPC, because the cost is around N766/litre. But I can’t tell how much NNPC is going to sell to marketers now,” a major marketer under anonymity said.

Another senior aide to President Bola Tinubu, who spoke on condition of anonymity, confirmed that the petrol would be sold at 766/litre.

  • Pump Price May Reduce – IPMAN Official

Reacting to the Dangote fuel price, a senior IPMAN official said if marketers could get the product at N766, they would need to add the cost of transportation, levies, and other margins.

He said, “Give and take, we can sell at N790 in Lagos. In the far north, it may be N820 per litre because of the distance.”

Gillis-Harry, however, said his group was not aware of the price of fuel from the Dangote refinery.

“Well, it will be acceptable because now we are paying NNPC N870 for a litre, so if we see it at N766, it is cheaper and we will prefer to buy that.

“I cannot determine how much we will sell to Nigerians; we will work out the retail price. It is not one individual or one organisation’s prerogative to put a price, we will work it out and we will argue out our point.

“We are ready to support Dangote, but they are not talking to us. We are the people they need; I have over 6,000 retail outlets under my management, but Dangote is not talking to us”, he added.

 

Credit: The Punch

BIG STORY

Chief Pius Akinyelure Calls for Peace Amid Rising Tension in Idanre Over Alleged Consensus Candidates

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As political tension continue to rise in Idanre Local Government Area following speculation around alleged consensus candidates towards the upcoming primaries of the All Progressives Congress (APC), elder statesman and Chairman of the Governors Advisory Council in Ondo State, Chief Pius Akinyelure, has called for calm, urging party faithful and stakeholders to refrain from action capable of disrupting the peace of the ancient town.

In a strongly worded but conciliatory message made available to the press, Akinyelure dismissed claims of any officially endorsed consensus candidates in Idanre at this stage, describing such reports as premature and capable of heating the polity in the local government and in Ondo State.

He noted that while internal democratic processes may generate disagreements, members must prioritize unity, discipline, and respect for party structures rather than resort to hostility or misinformation.

“Our attention has been drawn to growing tension fuelled by unverified claims of consensus arrangements. Let it be clearly stated that there is no basis for such assertions at the moment. Party members should disregard any narrative intended to mislead or create unnecessary division,” he said.

The respected APC chieftain cautioned political actors and their supporters against heating the polity, warning that desperation and inflammatory rhetoric could undermine the long-standing reputation of Idanre as a bastion of progressive politics in Ondo State.

He emphasized that peace and reconciliation remain the most potent tools for sustaining the strength and electoral viability of the APC, particularly at a time when unity is crucial for consolidating the gains of the party at both state and national levels.

Akinyelure further urged aggrieved members to channel their concerns through established party mechanisms, stressing that dialogue and consultation are the hallmark of a mature political system.

“Political contests should not degenerate into conflict. We must remember that we are members of one family, bound by a shared vision. Violence, intimidation, or the spread of falsehoods will only weaken our collective strength,” he warned.

He also appealed to party leaders, youths, and grassroots mobilizers in Idanre to demonstrate restraint and responsibility, noting that the actions taken at this critical moment would determine the party’s electoral fortunes in Idanre in next year’s elections. He assured that available positions would be fairly distributed among qualified candidates.

Reaffirming Idanre’s historical role as a bastion of progressive ideology, Chief Akinyelure called on all stakeholders to close ranks and work towards reconciliation, adding that unity within the party would ultimately translate into electoral success next year.

Political observers in Idanre and Ondo State say this intervention by the apex leader is timely, coming amid heightened anxiety and speculation among party members. This latest intervention by the elder statesman is expected to help douse tension while reinforcing confidence in the party’s internal processes.

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BIG STORY

FG Slams 13-Count Treason Charge Against Sylva, Retired Generals, Police Officer, Other Alleged Coup Plotters

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The federal government has filed a 13-count charge before the federal high court in Abuja against alleged plotters of a coup to oust President Bola Tinubu.

Among the suspects are a retired major general, a retired naval captain, a serving police inspector and three others.

The defendants are accused of waging a war against Nigeria and committing acts bordering on treason and terrorism.

THE ALLEGED PLOT

In October 2025, the federal government announced the cancellation of a parade earlier scheduled to celebrate the country’s 65th independence anniversary on October 1.

Days later, there were reports that the cancellation of the independence anniversary event was linked to an alleged coup attempt.

However, the DHQ dismissed the reports, insisting that the cancellation had no links to the alleged coup attempt.

On October 31, 2025, it was reported that 16 military officers were arrested in the first week of the month over the alleged coup attempt, while two other officers were on the run.

In January 2026, the defence headquarters (DHQ) confirmed that there was a plot to overthrow Tinubu.

Samaila Uba, the DHQ director of defence information, had said investigations conducted in line with established military procedures found some personnel involved in a coup plot.

Uba had said the officers would be arraigned before relevant military judicial panels.

In March, family members of military officers detained over an alleged coup plot appealed to Tinubu to allow the suspects to be tried in an open court.

During a press conference in Abuja, wives and other family members of the detained officers also requested access to the alleged coup masterminds.

In April, families of the detained military officers protested at the entrance of the national assembly to demand a speedy trial and access to their relatives.

DEFENDANTS

The defendants in the case are Timipre Sylva, a former minister of state for petroleum resources; Mohammed Ibrahim Gana, a retired major general; Erasmus Ochegobia Victor, a retired captain; and Ahmed Ibrahim, a police inspector.

Others are Zekeri Umoru, Bukar Kashim Goni and Abdulkadir Sani.

The alleged coup plotters are expected to be arraigned before Joyce Abdulmalik, a judge at the Federal High Court in Abuja, on April 22.

The charges were filed by the office of the Attorney-General of the Federation and signed by Rotimi Oyedepo, Director of Public Prosecutions of the Federation.

In the charge sheet, the federal government accused the defendants of treason and terrorism, failure to disclose security intelligence and money laundering linked to terrorism financing.

The federal government alleged that the defendants conspired with one another to “levy war against the state to overawe the President of the Federal Republic of Nigeria”.

Bukar Kashim Goni was alleged to have “indirectly retained the aggregate sum of N50,000,000, which forms part of the proceeds of an unlawful act to wit: terrorism financing”, while Abdulkadir Sani allegedly retained N2 million from a similar source.

Umoru was alleged to have “without going through a financial institution accepted a cash payment of the sum of N10,000,000″, and also retained an additional N8.8 million suspected to be proceeds of terrorism financing.

Ibrahim, the police inspector, was also accused of taking possession of N1 million linked to the same alleged scheme.

Ibrahim and Umoru were accused of participating in meetings tied to terrorist activities.

“That you, MAJOR GENERAL MOHAMMED IBRAHIM GANA -(RTD), CAPTAIN (NN) ERASMUS OCHEGOBIA VICTOR -(RTD), INSPECTOR AHMED IBRAHIM (AP776373), ZEKERI UMORU, BUKAR KASHIM GONI, ABDULKADIR SANI, TIMPRE SYLVA (still at large) and others, sometime in the year 2025, in Abuja within the jurisdiction of this Honourable Court, conspired with one another to levy war against the state to overawe the President of the Federal Republic of Nigeria and thereby committed an offence contrary to and punishable under Section 37(2) of the Criminal Code Cap C38 LFN 2004,” part of the charge sheet reads.

“That you, MAJOR GENERAL MOHAMMED IBRAHIM GANA -(RTD), CAPTAIN (NN) ERASMUS OCHEGOBIA VICTOR -(RTD), INSPECTOR AHMED IBRAHIM(AP776373), ZEKERI UMORU, BUKAR KASHIM GONI, ABDULKADIR SANI, TIMPRE SYLVA(still at large) and others, sometime in the year 2025, in Abuja within the jurisdiction of this Honourable Court, knowing that COLONEL MOHAMMED ALHASSAN MA’AJI (N/10668) and others intended to commit treason, did not give the information thereof with all reasonable despatch to either the President of the Federal Republic of Nigeria, or a Peace Officer and thereby committed an offence contrary to and punishable under Section 40(b) of the Criminal Code Cap C38 LFN 2004.”

 

 

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BIG STORY

Tinubu Approves N15bn Take-off Grant For New Police Academy Campus in Ogun

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President Bola Tinubu has approved the establishment of a new campus of the Police Academy in Erinja, Yewa South LGA of Ogun.

In a statement on Monday, Bayo Onanuga, special adviser to the president on information and strategy, said Tinubu also approved a special take-off grant of N15 billion for the college.

“The President’s approval was in fulfilment of the provisions of the Nigeria Police Academy (Establishment) Act, 2021, particularly with respect to the expansion of the Police Academy based in Wudil, Kano state, into multiple campuses across the country,” the statement reads.

Onanuga said the fund would be sourced from the 2026 allocation of the Tertiary Education Trust Fund (TETfund) to “finance priority infrastructure, academic facilities, student accommodation, and core training assets”.

The presidential spokesperson said the siting of the new police campus in Erinja was recommended at a high-level consultative meeting involving Tunji Alausa, minister of education; officials of his ministry; Tunji Disu, the inspector-general of police (IGP); and Abdullahi Ribadu, executive secretary of the National Universities Commission (NUC).

“The meeting considered student intake capacity, funding realities, academic quality assurance, and the long-term needs of the Nigerian Police Force, which is currently recruiting more men,” he added.

“President Tinubu believes the expansion will strengthen institutional governance, modern policing education, and national security.”

On December 9, 2024, Ibrahim Gaidam, minister of police affairs, said Tinubu had approved the recruitment of 30,000 police officers annually for the next six years.

Gaidam spoke when he visited the Nigeria Police Academy in Wudil, Kano state, during the screening exercise of recruits.

The police affairs minister said the federal government was committed to transparently recruiting more police officers.

Gaidam said the annual recruitment of police officers is part of the government’s commitment to ensuring Nigeria has enough personnel to address the prevailing insecurity.

“The number of police being recruited, 10,000, is not enough to cover all the states, so the president has given approval for the recruitment of 30,000 policemen annually for the next five to six years,” he said.

“I believe if this is done, by the end of the year, we should be able to get enough policemen to take care of our security challenges in this country.”

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