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Three Major Oil Marketers To Import 141m-Litres Petrol

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Three major oil marketers are expecting ships carrying imported Premium Motor Spirit, also known as petrol, to arrive in Nigeria this week.

This is according to information gathered on Tuesday, assuming there are no unexpected problems.

Dealers stated that approximately 141 million liters of PMS are being transported to Nigeria by these ships. This follows the complete deregulation of the downstream oil sector by the Federal Government.

They also mentioned that the recent increase in the pump prices of petrol produced by the Dangote Petroleum Refinery and released by the Nigerian National Petroleum Company Limited on Monday has created space for PMS imports.

This announcement comes as the Nigerian Midstream and Downstream Petroleum Regulatory Authority declared that all imported PMS will undergo at least three major tests by the agency before being allowed for sale nationwide.

On Monday, NNPC announced that it would sell the petrol lifted from the Dangote refinery at a price above N1,000/litre in the far north.

Its spokesperson, Olufemi Soneye, disclosed in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’.

Soneye explained that the price may go for as high as N1,019/litre in Borno State and N999.22 in Abuja, Sokoto, Kano, and others.

In Oyo, Rivers, and other areas in the South, it will be N960/litre. The lowest price, according to an infographic released by the NNPC, is N950 in Lagos and its environs.

Reacting to this on Tuesday, a major marketer confirmed that the deregulation of the downstream sector had fully set in, stressing that three dealers are expecting their products (PMS) this week.

The marketer, who spoke to our correspondent in confidence due to lack of authorisation to speak on the matter, stated that each vessel would bring in about 35,000 metric tonnes of PMS.

This means the three dealers are expecting about 105,000 metric tonnes of PMS this week, all things being equal.

Going by the conversion rate of 1,341 litres to one metric tonne, it, therefore, implies that the marketers are bringing in about 141 million litres of petrol.

“Most marketers often import three parcels for this kind of transaction and the lowest parcel is about 35,000 metric tonnes of PMS. Now, because of how the business is run, you see marketers bringing in between two and three parcels.

“This week, we expect about three marketers to bring in products. However, some of these imports are not cast in stone, in the sense that the influence of many regulatory authorities is still there. So it is not that you will just go and bring in products and you then start to sell them.

“The regulators, such as the NMDPRA, have to look at the quality, flash points and so many other things that should be taken into consideration before the product comes in. And when it lands, they will take samples and check them in their labs,” the marketer stated.

On whether the three parcels of each of the marketers would land this week, the dealer replied, “All of them are not going to bring in the three parcels at the same time. They bring in a parcel first and later, say in one week time or so, another parcel comes in. All these imports have storage implications.

“It is not something you do in a day. You can’t bring in one vessel today (Tuesday) and you bring in another one on Saturday. No, it is not done like that. This is not the importation of 20,000 or 30,000 litres of PMS.”

When contacted, the spokesperson of the NMDPRA, George Ene-Ita, said marketers with approved import licenses were free to import PMS, but stressed that the products must be subjected to three major tests by the agency.

“The products must be subjected to our testing protocols at the ports. The products must conform to stipulated standards before we give them the authorisation to offload to their terminals.

“Also, before the smaller vessels bring it further inland to Nigeria our people will fly to the place to see the product and carryout some tests to ensure the right specification is upheld.

“Tests are also done at the products’ origins. And when the products come in, before they are released to the market, further tests would be conducted to ensure that they meet the specifications,” he stated.

BIG STORY

Every Government Has A Cabal, Buhari’s Administration Had One — Gambari

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Ibrahim Gambari, who served as chief of staff to the late former President Muhammadu Buhari, has confirmed that Buhari relied on a “cabal.”

He clarified, however, that this was not unique to Buhari’s time in office.

Gambari made the remark during a preview of an interview with Laolu Akande, the former spokesperson to ex-Vice-President Yemi Osinbajo, set to air on Friday.

Concerns over cabals in Nigerian presidencies have been long-standing, especially regarding the influence of unelected individuals on major governance and policy decisions.

These tight-knit and often discreet groups are known to influence appointments, key policies, and decisions — at times, more than formal institutions or the elected leader.

Gambari admitted that Buhari had his own small inner circle.

“I would address it honestly, and I want to and on record,” he said.

“They say there’s a cabal or was a cabal — there was, but every government has cabal. It is what they call them.

Some call it ‘kitchen cabinet’, some may call it ‘think tank’. Obasanjo had a group of people, the Aboyades of this world and others, and a small group of people.

It is the nature of the office of president that they must have some people in and out of government that they can lay their hair down, talk to freely.

So, some have more powers than others, but every government, I make it bold say, has a cabal of one kind of or whatever name it is called.”

Back in 2018, Buhari’s wife Aisha raised concerns over a few individuals allegedly wielding significant power in her husband’s administration at the expense of Nigerians.

Buhari, however, downplayed her warnings.

More recently, Solomon Dalung, a former minister, claimed that the group of insiders around President Bola Tinubu is far more dangerous, ambitious, and refined than the “clique that cocooned” Buhari.

Dalung, who served as Buhari’s youth and sports minister from 2015 to 2019, said that while Buhari’s cabal was less educated and inexperienced in politics and governance, Tinubu’s allies are “sophisticated, ambitious, and educated, with sound knowledge of power dynamics.”

He described the Tinubu cabal as the most dangerous in Nigeria’s political history.

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BIG STORY

FG Warns Akwa Ibom, Jigawa, Katsina, 8 Others Of Imminent Flooding

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The federal ministry of environment has alerted the public to expected flooding across eleven states between July 16 and 20.

Usman Bokani, who serves as the director of the National Flood Early Warning Centre under the ministry, issued the warning on Wednesday.

As detailed in the alert, the areas likely to be affected include Adamawa (Mubi); Akwa Ibom (Edor, Upenekang, Oron, Eket); Borno (Ngala, Maiduguri); and Bauchi (Azare, Bauchi, Itas, Jama’are, Kafin-Madaki, Jama’a, Kari, Misau).

The list also includes Cross River (Calabar, Akpap); Jigawa (Miga, Gwaram, Diginsa, Ringim, Dutse); Katsina (Daura); Kano (Kunchi, Kano, Gezawa, Wudil, Bebeji, Sumaila, Tudun Wada); Plateau (Jos, Bukuru, Mangu); Yobe (Jakusko, Machina, Dapchi); and Zamfara (Bungudu, Gusau).

Bokani encouraged state governments and all relevant bodies to implement preventive steps to minimize the impact of the anticipated floods on both lives and property.

Earlier, the Nigeria Hydrological Services Agency (NIHSA) had identified 30 states along with the federal capital territory (FCT) as areas with high flood risk in 2025.

According to the agency, 2,187 communities in 293 LGAs fall within the states categorized as moderate flood risk.

In 2024, flooding resulted in 321 deaths, affected more than 1.37 million individuals, and displaced over 740,000 people across Nigeria.

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BIG STORY

Your Support Symbolises Great Honour To My Father’s Memory — Buhari’s Son To Tinubu

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Buhari’s son became emotional as he expressed gratitude to Tinubu for honouring his father with a dignified state funeral.

Yusuf, the son of former President Muhammadu Buhari, conveyed his appreciation to President Bola Tinubu for the honour given to his late father.

He made the statement during an expanded Federal Executive Council meeting held in Abuja on Thursday in Buhari’s honour.

Yusuf, who was present at the special session alongside his siblings, extended his thanks to President Tinubu and his administration for their support to his father and family.

He also acknowledged the National Assembly, Katsina State Governor Dikko Radda, other governors, and Nigerians for their solidarity with the grieving family.

Yusuf said, “It has shown that he (Buhari) was regarded far more than a politician, but regarded as a friend and a father. To all members of the Federal Executive Council, for the care and befitting burial accorded to our late father, we appreciate you all.

I also wish to thank the Senate President, Speaker of the House of Representatives, and all the distinguished and honorable members of the National Assembly for honoring the memory of our late father during the state burial in Daura.

Your visits, calls, and prayers symbolise a great honour to the memory of our late father, and we’re sincerely grateful for all the support and solidarity extended to the family. May Allah continue to bless us all.”

Fighting back tears, Yusuf added, “Thank you, daddy. Thank you, Daddy. Thank you, Daddy. May Allah continue to bless, provide, and protect you throughout your tenure.”

Buhari passed away on Sunday at a medical facility in London.

His remains were received by Tinubu and interred in Daura, Katsina State, on Tuesday.

President Bola Tinubu paid his final respects to former President Muhammadu Buhari at the burial in Daura, Katsina State, on Tuesday, July 15, 2025.

Buhari served as Nigeria’s president from 2015 to 2023.

He was also the country’s military head of state between 1983 and 1985.

He died at the age of 82.

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