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BREAKING! Dangote Crashes Petrol Price Below N900/Litre

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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.

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JUST IN: Lagos APC lawmakers deny defection rumours

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Chairman of the Lagos State House of Assembly Committee on Information, Strategy, and Security, Ogundipe Olukayode, has dismissed claims that 25 lawmakers are planning to defect from the All Progressives Congress to an unnamed party.

According to Leadership, Olukayode described in a Tuesday statement that the report is “entirely false and without merit.”

“We categorically state that this claim is entirely false and without merit.“

During the recent leadership dispute within the Assembly, a similar report surfaced, suggesting that twenty-seven (27) members were preparing to leave the APC for the Labour Party.

“That claim was also unequivocally refuted, with members affirming their commitment to the party and confidence in resolving internal disagreements through established mechanisms,” he stated.

He emphasized that no APC lawmaker in the Assembly was contemplating defection, reiterating that as progressives, any challenges faced are resolved through democratic and lawful means.

Olukayode further assured that the APC leadership is actively addressing all internal concerns and outstanding issues will be resolved amicably.

He urged those spreading the rumours to desist from misleading the public, stressing that the Lagos Assembly remains focused on its legislative duties of enacting laws and motions that drive the state’s development.

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Fire Alert update: Lagos State Fire and Rescue Service Contains Tanker Fire on Otedola Bridge

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The Lagos State Fire and Rescue Service has attending to a Fire resulting from a tanker accident outward Otedola bridge, Omole, Lagos at about 20:00 hours yesterday.

The 30 tonnes DAF Gas Truck with an unknown registration number is on it way navigating the Lagos-Ibadan expressway before an accident resulting in an ensuing explosion accompany with Fire balls in front of a Reedem Church.

The resultant Fire quickly spread to the church and adjoining bungalow building as well as four different brands of vehicles as it being mitigated from causing further damage.

According to Director, Lagos State Fire and Rescue Service, Margaret Adeseye, there has been no record of casualty with further update to follow.

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CSO, Reps seek gender-responsive legislative reforms

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A Civil Society Organisation, Gender Mobile Initiative and the Speaker of the House of Representatives have highlighted the urgent need for gender-responsive legislative reforms.

The call was made at the Women’s Policy Action Lab as part of activities marking International Women’s Day 2025 in Abuja, according to a statement by the Communication Officer, Gender Mobile Initiative, Abubakar Abdullahi.

The meeting further reinforced the need for commitment by stakeholders to advance gender equality in Nigeria.

Chairman of the House of Representatives Committee on Youth, Olamujuwonlo Alao Akala, in his remark, assured that the House would activate recommendations made at the lab for necessary legislative action.

The lab, guided by legal experts and policymakers, analyzed and proposed amendments to key policies affecting women’s rights, including the VAPP Act, National Gender Policy, Child Rights Act and the Nigerian Labour Laws.

Stakeholders also emphasized accountability, inclusivity and effective implementation of government policies as they affect women.

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