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BREAKING: Dangote promises to refund customers who buy petrol above market price from key partners

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Dangote Petroleum Refinery & Petrochemicals has launched an initiative to refund customers who purchase Premium Motor Spirit (PMS) above advertised rates from its key distribution partners across Nigeria.

The announcement comes after the refinery recently reduced its gantry price from N890 to N825 per litre.

According to a statement released this weekend, the company will refund N65 per litre on over 200,000 metric tonnes of PMS purchased by marketers at the old price before the reduction took effect.

“The step, effective February 27, 2025, guarantees that none of our valued business partners will experience a loss due to the price change.

More importantly, it ensures that the new, lower rate takes immediate effect nationwide for the benefit of the Nigerian people,” the company stated.

The refinery confirmed it has absorbed a N16 billion loss by providing these refunds, emphasizing that the move aligns with President Bola Tinubu’s Renewed Hope Agenda, which aims to stimulate the economy.

Dangote strongly condemned any exploitation of the new pricing structure by marketers.

“It is both unpatriotic and detrimental to the welfare of Nigerians for any party to purchase at a rate of N825 per litre and then sell to consumers at N945 or more per litre.

This constitutes excessive profiteering,” the statement declared.

The company has published approved rates for its key partners: MRS will sell at N860 in Lagos, N870 in the South-West, N880 in the North, and N890 in the South-South and South-East.

Heyden and AP (Ardova Plc) will sell at N865 in Lagos, N875 in the South-West, N885 in the North, and N895 in the South-South and South-East.

With these rates in place, Dangote expects no Nigerian should pay more than N900 per litre regardless of location.

Customers who are charged above the advertised rates at any Dangote partner station are encouraged to report to the refinery with their receipts for a full refund of the excess amount.

The refinery underscored its commitment to providing high-quality, eco-friendly fuel that benefits vehicle performance and supports public health while contributing to Nigeria’s energy security and economic growth.

“This initiative is one of many ways Dangote Petroleum Refinery & Petrochemicals continues to contribute to a prosperous and sustainable future for our country,” the company concluded.

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UBA Modifies PoS, MONI App to Fastrack Digital Payments

“This next-generation PoS is not just a payment device; it’s a powerful tool that helps businesses stay competitive in a fast-paced economy.

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UBA Group MD, Oliver Alawuba

The United Bank for Africa (UBA) Plc, has unveiled its upgraded Point of Sale (POS) Terminal as well as the UBA MONI App.

This is for the acceleration of digital payment landscape and empowering small and medium scale enterprises across Africa.

In a statement, UBA’s Group Head, Retail and Digital Banking, Shamsideen Fashola, said: ” As a forward-thinking financial institution, UBA is always on the look-out for modern ways to improve their services and offerings, to give customers top-notch experiences while conducting their daily businesses.

He said: “At UBA, we are constantly innovating to provide seamless and secure payment solutions for businesses of all sizes.

The new UBA PoS and MONI App is designed to empower merchants and agency banking with instant settlements, real-time transaction tracking, and unmatched reliability – ensuring they can focus on growing their businesses with a trusted partner.

“This next-generation PoS is not just a payment device; it’s a powerful tool that helps businesses stay competitive in a fast-paced economy.

With UBA’s extensive reach and robust infrastructure, we are bringing convenience and confidence to every transaction.

With the upgraded MONI App, we are equally equipping our agents, many of whom serve smaller communities, with faster tools, greater transparency, and an enhanced user experience that will help them grow their businesses while serving millions of underserved customers”.

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NIS Begins Contactless Passport System in the Americas

The contactless system, which enables Nigerians living abroad to renew their passports without physically visiting passport offices for biometric enrollment, went live in the United States on April 11. Mexico, Brazil and Jamaica are scheduled to gain access on April 14.

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The Nigeria Immigration Service (NIS) has announced the expansion of its Contactless Biometric Passport Application System to several countries in the Americas.

In an official statement released yesterday, ACI AS Akinlabi, Service Public Relations Officer at NIS Headquarters in Abuja, confirmed that the service under Comptroller General Kemi Nanna Nandap is rolling out the next stage of implementation across Brazil, the United States, Mexico, and Jamaica this month.

The contactless system, which enables Nigerians living abroad to renew their passports without physically visiting passport offices for biometric enrollment, went live in the United States on April 11. Mexico, Brazil and Jamaica are scheduled to gain access on April 14.

“This expansion represents our commitment to innovative an efficient service delivery to Nigerians anywhere in the world,” said ACI AS Akinlabi, Service Public Relations Officer at NIS Headquarters in Abuja.

(BusinessDay)

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SGF Akume Heads New Board of Galaxy Backbone

” We are excited to work with a Board whose insight and guidance will be critical to our continued growth and national impact,” Adeyanju said.

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The Federal Government, today , appointed a new Board of Directors for Galaxy Backbone Limited (GBB), after operating without a Board for over a year

The newly constituted Board of GBB is headed by Senator Dr. George Akume the Chairman & Secretary to the Government of the Federation.

Others include: Professor Ibrahim A. Adeyanju – Managing Director/CEO, Galaxy Backbone; Hon. Olusegun Olulade – Executive Director, Customer Centricity & Marketing; Mr. Olumbe Akinkugbe – Executive Director, Digital Exploration & Technical Services;Mr. Mohammed Sani Ibrahim – Executive Director, Finance & Corporate Services.Mrs. Rabi’ah Adamu-Waziri – Non-Executive Director (PTDF Representative)Mrs. Oluwakemi Babalogbon – Non-Executive Director (MOFI Representative)Mr. Abdulqadir Abubakar Maje – Non-Executive Director (Jigawa State Representative)Mrs. Margaret Ene Ebute – Non-Executive Director (Federal Ministry of Communications, Innovation & Digital Economy)Mrs. Adama Pindar – Company Secretary, Galaxy Backbone.

In a statement signed by the GBB Head of Corporate Communications, Chidi Okpala, the inauguration took place at the Office of the Secretary to the Government of the Federation (SGF) in Abuja and was presided over by Senator George Akume, who also assumes the role of Chairman of the Board.

Senator Akume said that the new Board’s goal is to make Galaxy Backbone a more “agile, responsive, and impactful” institution, and positioned it at the center of Nigeria’s public digital infrastructure and service delivery.

The Managing Director/CEO of Galaxy Backbone, Professor Ibrahim A. Adeyanju, who was appointed in February 2024 by President Bola Ahmed Tinubu, welcomed the Board members and provided a strategic update on the company’s trajectory.

Adeyanju revealed that GBB successfully developed and launched its Integrated Digital Transformation Strategy (IDTS) 2025–2028—a roadmap for modernizing Nigeria’s digital infrastructure and public service delivery.

“We are excited to work with a Board whose insight and guidance will be critical to our continued growth and national impact,” Adeyanju said.

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