News

BREAKING! Dangote Crashes Petrol Price Below N900/Litre

Published

1 year ago

December 19, 2024

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Dangote Refinery has announced a significant reduction in petrol prices, with rates dropping to as low as N899 per litre for two million litres.

This move marks a continued effort by the refinery to stabilise the market and enhance supply to marketers.

It emerged that the new pricing structure offers petrol at N899.5 per litre for cash purchases of two million liters, with an additional two million liters available on a bank guarantee valid for 15 days from Access, Zenith, and First Bank.

For higher volumes, marketers can purchase 10 million liters at N895 per litre with an equivalent matching volume on the same bank guarantee terms.

Recall that in November, the refinery lowered its Premium Motor Spirit (PMS) price to N970 per litre, down from N990.

At the time, Dangote Refinery provided marketers with a N20 per litre discount to ease distribution costs.

The refinery’s latest price adjustment comes at a critical time for Nigeria’s energy sector, as stakeholders continue to navigate challenges surrounding fuel availability and affordability.

Market observers anticipate that the price reduction will alleviate some of the cost pressures on independent marketers and, by extension, consumers.

News

FG approves 6-month maternity leave for female lecturers without pay

The Minister of Education, Dr Tunji Alausa, disclosed this during the presentation of the renegotiated agreement between the Federal Government and ASUU.

Published

5 hours ago

January 16, 2026

OCHEFA

13 Views

Photo: Minister of Education, Dr Tunji Alausa (right), and Minister of State for Education

The Federal Government has announced that qualified female academic staff shall be entitled to a maternity Leave of six months as provided in the subsisting Public Service Rules,” Section 3.4(vii) reads.

The Minister of Education, Dr Tunji Alausa, disclosed this during the presentation of the renegotiated agreement between the Federal Government and ASUU.

He clarified that the Section 3.4 of the agreement, which focuses on ‘Non-salary conditions of service’, makes provision for six-month maternity leave as a fringe benefit.

Alausa described the agreement as a historic turning point that symbolises renewed trust, restored confidence and a firm commitment to uninterrupted academic calendars in Nigerian universities.

Alausa emphasised that the agreement reflects the resolve of President Bola Tinubu to prioritise education as the foundation of national development, noting that it marked the first time a sitting president took full ownership of the long-standing challenges confronting the university system.

News

Insurgency: Trump allocates N587bn to US Africa Command for military operations in Nigeria, others

The allocation is contained in the US National Defence Authorisation Act for Fiscal Year 2026. The funds were approved under Title XLIII – Operation and Maintenance.

Published

5 hours ago

January 16, 2026

OCHEFA

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The United States plans to spend N587 billion ($413.046 million) on counter-insurgency operations in Nigeria and other African countries in 2026 amid worsening security conditions across West Africa.

The allocation is contained in the US National Defence Authorisation Act for Fiscal Year 2026. The funds were approved under Title XLIII – Operation and Maintenance.

The security budget for the US Africa Command comes against the backdrop of the Christmas Day attacks on terrorists’ hideouts in Sokoto State by the Donald Trump administration.

On Tuesday, AFRICOM delivered a consignment of military equipment to Nigerian security agencies as part of ongoing efforts to strengthen security operations across the country.