Dangote Refinery Slashes Petrol Price Biggest 2026 Reduction - Ability Digitalz
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Dangote Refinery Slashes Petrol Price Biggest 2026 Reduction

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Dangote

Dangote Petroleum Refinery and Petrochemicals has reduced the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦27 per litre, marking one of the largest single price cuts recorded in 2026....Click to Read Full Article Here>>

According to industry data, the refinery lowered the price from ₦799.50 per litre to ₦772.50 per litre, following a revision of its weekly lifting incentives offered to fuel marketers. The adjustment became effective in early February as depot owners began modifying their pricing strategies to remain competitive and attract customers.

Reports indicate that the refinery introduced a new incentive structure designed to encourage higher product lifting volumes. Under the revised arrangement, marketers who lift between 250,000 and 1,999,999 litres weekly receive a bonus of ₦20 per litre, while those lifting between 2,000,000 and 4,999,999 litres earn ₦25 per litre. Marketers that lift 5,000,000 litres or more are entitled to a ₦30 per litre rebate.

The incentive programme effectively reduces the overall cost of petrol for marketers, contributing to the recent gantry price reduction. Dangote Refinery has also urged distributors to consider direct gantry evacuation, stating that it is more cost-effective compared to coastal loading, which involves additional port charges, maritime fees, and vessel-related expenses.

Industry analysts believe the price reduction could trigger downward adjustments in depot and retail petrol prices, particularly in Lagos and neighbouring states, where supply distribution is highly active. The development may also influence broader fuel market competition and pricing trends across Nigeria.
The statement said.

“Dangote Refinery operates a world-class gantry facility with 91 loading bays, capable of handling up to 2,900 tankers daily and evacuating over 50 million litres of PMS and 14 million litres of diesel through 24-hour operations.

“Gantry loading is recognised as the most cost-efficient evacuation method, as it eliminates port charges, maritime levies, and vessel-related costs that do not benefit end users.

“Marketers are free to choose between gantry and coastal loading, with the refinery imposing no restrictions on evacuation modes.

“Coastal logistics can add about N75 per litre to petrol costs, potentially pushing PMS pump prices close to N1,000 per litre if the additional cost is passed on to consumers.” ...Click to Read Full Article Here>>

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Tinubu Vows to Defeat Banditry in Nigeria

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Tinubu

President Bola Ahmed Tinubu has reaffirmed his administration’s determination to tackle banditry and restore security across Nigeria, declaring that the federal government will prevail in its fight against criminal elements threatening communities nationwide....Click to Read Full Article Here>>

The president made the remarks during his visit to Kebbi State, where he attended the grand finale of the internationally recognised Argungu International Fishing Festival. While addressing dignitaries and residents, Tinubu emphasized that ending insecurity remains a top priority for his government, adding that farmers must be able to return safely to their farmlands.

“We will win the war against any form of banditry in the country; farmers will return to their farms across the country,” the president stated, underscoring the administration’s resolve to restore stability in rural communities.

Banditry has posed significant challenges in several parts of northern Nigeria in recent years, disrupting agricultural activities and affecting food production. The president’s remarks align with ongoing federal security operations aimed at dismantling criminal networks and strengthening intelligence-driven responses to violent attacks.

During the visit, Tinubu also commended the Kebbi State Governor, Dr. Nasir Idris, for his leadership and development efforts. He praised the governor for executing projects in the state and for the naming of the newly constructed ultramodern secretariat, describing the achievements as evidence of purposeful governance.

The president further lauded traditional rulers present at the event, including the Emir of Argungu and the Sultan of Sokoto, acknowledging their presence and support at the festival. He described the Argungu International Fishing Festival as a cultural landmark with deep historical roots.

“Very good show and remarkable history; the fishing festival endured for many years. It represents our culture,” Tinubu said, highlighting the festival’s role in preserving heritage and promoting unity.

The Argungu Fishing Festival, which attracts visitors from within and outside Nigeria, is widely regarded as one of the country’s major tourism and cultural events. Observers note that such gatherings not only celebrate tradition but also contribute to local economic growth through tourism and commerce.

In his remarks, Tinubu described Governor Idris as a strong team leader whose administration has elevated the state’s profile, particularly in the tourism sector. He stated that collaborative efforts between federal and state governments are essential for sustainable development.

Beyond security, the president reiterated his administration’s broader economic objectives, including achieving food sufficiency nationwide. He pledged continued federal support for Kebbi State’s agricultural sector, noting its strategic importance as one of Nigeria’s key food-producing regions.

Kebbi has long been recognized for rice and other crop production, making agricultural investment critical to national food security. Tinubu assured residents that the federal government would provide substantial backing to strengthen farming activities and improve output.

In addition, the president restated his commitment to expanding renewable energy initiatives as part of efforts to improve electricity generation. He indicated that alternative energy solutions would be explored to enhance power supply in the state, in line with national energy diversification goals.

Earlier in his welcome address, Governor Nasir Idris expressed appreciation to the president for honoring the state with his presence. He thanked Tinubu for supporting development initiatives and participating in the cultural celebration, describing the visit as significant for Kebbi’s progress.

Tinubu’s visit to Kebbi underscores the administration’s dual focus on security and economic revitalization. As Nigeria continues to confront security challenges and food supply concerns, the president’s pledge to defeat banditry and support agricultural growth signals ongoing federal efforts to stabilize affected regions and strengthen national development. ...Click to Read Full Article Here>>

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Okonjo-Iweala Raises Alarm Over Fake AI Video Impersonating Her

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Okonjo Iweala

The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has warned Nigerians to disregard a misleading video circulating online that falsely features her....Click to Read Full Article Here>>

In a public statement, Okonjo-Iweala revealed that the video was created using artificial intelligence to manipulate her image and voice. She stressed that the content is fake and confirmed that authorities are already investigating the matter.

She urged the public to remain cautious and avoid spreading or trusting the video.

“I want to alert Nigerians about another fake AI-generated video using my identity. Relevant authorities are currently handling the situation, and I encourage everyone to stay vigilant,” she said.

The former Minister of Finance also clarified her presence on social media platforms, noting that she operates only one verified account.

Okonjo-Iweala emphasized that she does not run or post content on Instagram, Facebook, or WhatsApp, warning that any information or messages shared on those platforms using her name or image should be treated as fraudulent.

“As I have stated several times, I do not operate accounts on Instagram, Facebook, or WhatsApp. Any content shared there claiming to be from me is false. My only official platform is X (formerly Twitter). I want to ensure that Nigerians are not deceived,” she added.

Her warning comes amid growing concerns globally about the misuse of artificial intelligence to create deepfake videos capable of spreading misinformation and misleading the public. ...Click to Read Full Article Here>>

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JUST IN: FG Directs NAFDAC to Stop Enforcement of Sachet Alcohol Ban

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Sachet Alcohol

The Federal Government has instructed the National Agency for Food and Drug Administration and Control (NAFDAC) to immediately suspend enforcement activities linked to the proposed prohibition of sachet alcohol and alcoholic drinks packaged in 200ml PET bottles....Click to Read Full Article Here>>

The directive also cautioned the regulatory body against shutting down factories or sealing warehouses in connection with the planned restriction.

This instruction was revealed in a statement released on Wednesday in Abuja by Terrence Kuanum, Special Adviser on Public Affairs to the Secretary to the Government of the Federation (SGF).

According to Kuanum, the decision followed a joint intervention by the SGF’s Office and the Office of the National Security Adviser (NSA), both of which expressed concerns over potential security consequences of enforcing the ban without the full implementation of a National Alcohol Policy.

The statement explained that all enforcement-related actions concerning the sachet alcohol ban must be placed on hold until consultations are completed and the National Alcohol Policy is fully operational, alongside the issuance of a final government directive.

Although the Federal Ministry of Health has signed the National Alcohol Policy in line with President Bola Tinubu’s directive, the SGF and NSA offices insisted that enforcement should not commence until implementation guidelines are properly established.

The government stressed that enforcement actions such as closing factories, sealing storage facilities, and promoting the ban publicly must be suspended for now.

Officials warned that ongoing warehouse closures and what they described as an unofficial ban on sachet alcohol could trigger economic disruptions. These disruptions, they noted, may negatively affect employment, supply chains, and informal distribution systems across the country.

Kuanum also highlighted that the directive reinforces an earlier order issued by the SGF’s Office in December 2025, which suspended enforcement measures pending wider consultations and a final decision.

Additionally, the SGF’s Office acknowledged receiving a letter from the House of Representatives Committee on Food and Drugs Administration and Control dated November 13, 2025. The letter, referenced NASS/10/HR/CT.53/77 and signed by Deputy Chairman Hon. Uchenna Okonkwo, raised concerns about NAFDAC’s enforcement plans and referenced previous resolutions of the National Assembly.

The Federal Government stated that it is currently reviewing legislative decisions, public health concerns, economic effects, and broader national interest considerations before reaching a final conclusion.

Authorities also noted that the involvement of the National Security Adviser indicates that the matter extends beyond regulatory concerns. They warned that enforcing the ban prematurely without coordinated policies could heighten unemployment, destabilise local communities, and create security challenges.

The government assured Nigerians and industry stakeholders that a final position would be announced after comprehensive consultations and inter-agency collaboration, prioritising public health, economic stability, and national security.

NAFDAC Director-General, Prof. Mojisola Adeyeye, had earlier linked sachet alcohol packaging to rising alcohol abuse levels in the country. ...Click to Read Full Article Here>>

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