Dangote Petroleum Refinery has reviewed the price of its Premium Motor Spirit (PMS) gantry price by N100, bringing the ex-depot rate to N874 per litre from the previous N774, as international crude oil prices surged past $80 per barrel due to the ongoing U.S – Israeli war against Iran.

A senior refinery official who confirmed the adjustment on Monday, said that the price has been reviewed.

” The new gantry price is now N874 per litre, up from N774. The revision became necessary due to changes in global crude fundamentals and replacement costs,” the official said.

Checks on petroleumprice.ng indicate that the new pricing has already been implemented, signaling a shift in downstream benchmarks that will likely affect petrol retail prices across the country.

The price hike followed the refinery’s suspension of petrol loading operations, effective midnight on March 2, 2026.

Industry data showed that PMS loading and issuance of proforma invoices were temporarily halted, although the suspension applied only to petrol, while Automotive Gas Oil (diesel) continued to load uninterrupted.

The refinery’s move triggered a ripple effect across Nigeria’s downstream sector, with several private depot owners halting petrol sales during the trading day.

“Several depot owners suspended PMS sales because of the crude rally. The market is already factoring in risk premiums. Nobody wants to sell below replacement cost,” a downstream operator was quoted as saying.

The National Police Council has ratified the appointment of Olatunji Disu as the acting Inspector General of Police.

The decision was taken at a meeting presided over by President Bola Tinubu , the third National Police Council session under his administration since taking office.

Disu was nominated by the president last week following the resignation of Kayode Egbetokun .

Disu is now expected to proceed to the senate for confirmation as the last hurdle before attaining a substantive position as the IGP

The National Police Council is responsible for the organisation, administration and operational oversight of the Nigeria Police Force, including the appointment and discipline of senior officers.Governors of Kwara, Ogun, Lagos, Ondo, Enugu and Plateau states attended the meeting, alongside the ministers of Police Affairs, the Federal Capital Territory and Interior.

• Suspect Udeme Monday Stephen, posted on his X account @stevetom788.

The Department of State Services (DSS) has arrested a man suspected of being behind the recent attempt to assassinate the 2023 presidential candidate of the Labour Party (LP), Mr. Peter Obi, in Benin, the Edo State capital.

Obi, a former governor of Edo State, Chief John Oyegun, and several chieftains and members of the opposition All Democratic Congress (ADC), on February 24, escaped death by the whiskers when armed men fired several gunshots at them at their party’s meeting in Benin.

Shortly after the attack, one Udeme Monday Stephen, posted on his X account @stevetom788.

He claimed responsibility for the attack and threatened further attacks on Obi.

Stephen stated online that Obi was lucky to have escaped in Benin, and vowed that the former presidential candidate wouldn’t be that lucky next time.

“We warned Obi against his entrance into Edo State, but he mistook our resolve for his Obidiots online noise. Thank his stars he (Obi) survived this one…

“I learned that he’s going to my Rivers State… Na my men go handle that one and dem no dey miss target… Speak no peace to a bastard and wish him no long life, for he’s destined to die,” posted Udeme.

A top security source disclosed that, no sooner had Stephen issued the threat than DSS operatives began covert investigation, deploying forensic analysis to track and arrest him.

The source disclosed that the suspect is 26 year old called Udeme Monday Stephen, and teaches at Jessica High School in Eliozu, Rivers State, at Umuehere Community, in Obio-Akpor LGA of the state.

“I strongly believe that the outcome of the agency’s forensic investigations implicated the suspect,” the source stressed”

You know that, as a responsible security organisation saddled with the task of counter-espionage, VIP protection, among other asset protection duties, the DSS is always alive to its responsibility of investigating credible intelligence, irrespective of tribe or religion.

“They swiftly deployed operatives and the man who threatened Peter Obi was nabbed and is in custody,” the source declared, adding that Stephen would soon be charged to court.