News
JUST IN: Filling stations shut after Dangote Refinery’s petrol price drop
Some filling stations and petroleum products marketers, partners of Dangote Refinery’s petrol, temporarily shut down for the past five days after the latest premium motor spirit price drop by the 650,000 barrels per day refinery.
Recall that for the past five days, MRS filling stations in Abuja, along Kubwa Expressway, and others have not dispensed fuel since Dangote Refinery announced its ex-depot fuel price reduction to N835 per litre on Tuesday, 16 April, 2025.
An official of MRS filling station, who preferred anonymity because he is not authorised to speak said the filling station is grappling with the loss incurred after Dangote’s latest price adjustment.
“It is because of Dangote’s latest price drop. The filling station had old stock, which it couldn’t sell at a loss.
“This is the reason we have shut down since Tuesday. We may reopen on Tuesday,” he said.
Meanwhile, another official at the filling station said the retail outlet is billed to reopen on Tuesday, noting that it has been undergoing minor maintenance.
“We have been on maintenance for the past few days, which is the reason the station was shut. We will reopen on Tuesday,” he said.
According to him, the filling station would commence dispensing at the new price of N910 per litre from Tuesday.
Other partners of Dangote Refinery, such as AP, Ardova, and Optima, are dispensing fuel between N910 and 920 per litre in parts of Abuja as of Monday, 21st April 2025.
Reacting to the development, the National President of Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry, said the latest fuel price drop affected the purchasing power of petrol retailers and marketers.
According to him, indiscriminate price adjustment, whether downward or upward, is not good for the petroleum downstream sector and the Nigerian economy.
At every point, if prices of petrol are indiscriminately changed without any clearly defined economic reason, the chances that it will impact on the buying power of retailers and marketers are there.
“It is not good for business, the economy, and Nigerians.
“Prices of petrol change for reasons that are understandable with proper information to retailers,” he said.
Recall that Gillis-Harry had earlier called for a six-month fuel price stability plan to halt fluctuations.
Earlier, the spokesperson for the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, had hinted that marketers having old stocks of fuel will incur billions of losses following Dangote’s latest fuel price drop.
Last week became the second time the $20 billion refinery reduced its fuel price nationwide. This indicates a combined downward ex-depot price drop of N45 per litre.
Dangote Refinery had, on 10 April, reduced its gantry price of petrol to N865 per litre.
However, the ex-depot fuel price had further dropped to N835 per litre.
This comes after the federal government’s renewed commitment to the indefinite continuation of the naira-for-crude deal with other local refiners and the drop in global crude prices to around $66 per barrel.
The Nigerian National Petroleum Company Limited recently reduced its retail price to N935 per litre for customers in Abuja in response to Dangote Refinery’s latest price cut.
This means that Nigerians currently buy petrol at between N890 and N950 per litre, depending on the location nationwide.
News
Uzodimma to Editors: You should be held accountable for what happens to Nigeria
“The narratives you shape between now and the election will determine whether Nigerians approach 2027 with hope or cynicism, with trust or suspicion, with a sense of shared stake or through a tribal lens.”
Senator Hope Uzodimma, the Governor of Imo State, says the Nigerian media industry should be held accountable for what’s happening in the country and to its citizens, both positively and negatively.
“Your reports and comments paint a picture of tomorrow. Therefore, the picture you paint of 2027 is what Nigerians should expect,” said Uzodimma.
In a keynote address , he delivered today during the 21st edition of the All Nigerian Editors Conference in Abuja.
Uzodimma, critique the theme, ‘Democratic Governance and National Cohesion: The Role of Editors,’ and a sub-theme: ‘Electoral Integrity and Trust Deficit: What Nigerians Expect in 2027,’ said : I will not let you escape accountability for electoral integrity, trust deficit, and what Nigerians expect in 2027.
Here is why. If you have a role to play in “Democratic Governance and National Cohesion,’ then you also have a role to play in ‘Electoral Integrity and Trust Deficit.’
Without electoral integrity, there can be no democracy. Electoral integrity begets democracy, and democracy begets good governance, and good governance fast-tracks the exorcism of trust deficit.
In all of these, your role as facilitator, amplifier, or catalyst is key.
“Your reports and comments paint a picture of tomorrow. Therefore, the picture you paint of 2027 is what Nigerians should expect.”
He emphasised that what editors actually do is akin to a pastoral duty.
“You decide what becomes urgent and what disappears.
You choose the lens through which millions of Nigerians see their country, their leaders, and each other.
“That is how the media is structured. A policy shift is either “Government U-Turn” or “Strategic Adaptation.”
A land border closure is either “Economic Protectionism Impoverishing the People” or “National Security Imperative.” Same facts, different frames. Entirely different public perception.,” he said.
He added: ” You are not spectators in 2027. You are active participants. You are catalysts and facilitators, whether r you acknowledge it or not.
The narratives you shape between now and the election will determine whether Nigerians approach 2027 with hope or cynicism, with trust or suspicion, with a sense of shared stake or through a tribal lens.”
News
Editors demand 10-year corporate tax relief for the media industry
The President of the NGE, Mr Eze Anaba, who made the call on behalf of the media organisations, lamented that the present economic realities in the country have put the media in distress.
•President of the NGE, Mr Eze Anaba
The Nigeria Guild of Editors (NGE) is requesting for 10-year corporate tax relief from the federal government.
The guild presented their demand on Wednesday during the opening ceremony of the All Nigeria Editors Conference (ANEC) with the theme “Democracy, Governance and National Cohesion: The Role of Editors”, held at the State House Conference Hall, Abuja.
The President of the NGE, Mr Eze Anaba, who made the call on behalf of the media organisations, lamented that the present economic realities in the country have put the media in distress.
He emphasized that the economic situation in the country has forced some media houses to shut down, while some that struggle to operate cannot pay workers’ salaries.
The NGE boss also called for tax exemption, the establishment of low-interest loans for the media, and a digital transformation and innovation fund.
Anaba further proposed a Media Freedom and Safety Charter to protect journalists from a hostile environment.
News
Ethiopia wins bid to host 2027 COP32 climate summit
•Ethiopian Prime Minister Abiy Ahmed
Ethiopia has been selected to host the 32nd United Nations Climate Change Conference (COP32) in 2027.
Richard Muyingi, chair of the African Group of Negotiators (AGN), disclosed that Ethiopia’s bid was endorsed last week after the country resubmitted its expression of interest , beating Nigeria in a closely contested bid.
“The matter was discussed by the African group in a meeting last week, and Ethiopia was confirmed as the host of COP32,” Muyingi said.
The hosting of COPs rotates among global regions, with Africa due to host the summit in 2027.
The host country for COP31 is yet to be decided between Turkey and Australia.
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