A spectrum of marketers across the downstream oil industry, along with industry watchers, analysts and unions have expressed concerns about the incessant price instability and uncertainty in the supply, distribution, and retailing of petroleum products across the country. This worrisome trend is creating panic in the industry.

This situation is evolving as a result of underlying structural factors bedevilling the industry over the last year.

The industry watchers raised alarm over what they described as the looming danger posed by Dangote Refinery’s single-train structure and unstable pricing regime, warning that Nigeria could be plunged into a major economic crisis if urgent corrective measures are not taken.

Speaking exclusively to the press, an array of marketers noted that Dangote Refinery’s current operational model and pricing practices are inconsistent with the amended Petroleum Industry Act (PIA) and risks destabilizing the nation’s petroleum supply chain.

Concerns Over Pricing Fluctuations
On their part Independent marketers highlighted recent confusion in the petroleum industry, noting that the refinery’s ex-depot price jumped from ₦699 to ₦799, while pump prices have epileptically jumped from ₦731 to ₦920. They described this as “epileptic pricing” that creates uncertainty for marketers and consumers alike.

Allegations of Anti-Competitive Practices
ThoseSome analysts and watchers have accused the Dangote Refinery of engaging in restrictive business practices, including monopolistic tendencies that can pose as barriers to entry for other players. They warned that such anti-competitive behaviour discourages investment, creates price wars, and ultimately undermines the sustainability of the petroleum sector.

“Petroleum is a macro product; its behavior affects all other products, including food. If competition laws and PIA provisions are not strictly enforced, businesses will collapse and the economy will suffer,” they cautioned.

They noted that Dangote’s refinery, with its 650,000 barrels per day capacity, operates as a single-train facility, meaning the entire output depends on one processing line. They explained that this design leaves the refinery vulnerable to disruptions, as any technical fault could halt production entirely.

“The catalytic unit is already down. This shows the danger of relying on a single train. Nigeria requires about 70 million litres per day according to updates by NMPDRA, but Dangote is currently supplying less than 35 million litres. This shortfall exposes the country to energy crises,” they said.

The Unions urged the federal government and the National Assembly to enforce strict compliance with PIA laws, stressing that the legislation was designed to ensure a “win-win” situation for all stakeholders in the petroleum industry.

They also noted that unless the refinery adopts a multi-train structure and pricing transparency, Nigeria’s petroleum supply-demand balance could collapse, triggering wider economic instability.

By Yusuf Danjuma Yunusa

The ruling All Progressives Congress (APC) has announced a revised timetable for its internal activities, extending its electronic membership registration and rescheduling upcoming congresses and its national convention.

The decisions were reached during the 183rd meeting of the party’s National Working Committee (NWC) held on Friday, January 30, 2026, at the APC National Secretariat in Abuja. In a statement issued by the National Publicity Secretary, Felix Morka, the party outlined the key changes.

The electronic membership registration exercise has been extended from January 31 to February 8, 2026. According to the statement, the extension follows requests from party stakeholders and is intended to allow more supporters and members to register or validate their membership.

Furthermore, the schedule for party congresses has been adjusted. Ward congresses are now set to hold on Wednesday, February 18, 2026, while the National Convention has been rescheduled for March 27–28, 2026.

The statement also clarified that some states would be excluded from the forthcoming state congresses. Osun State, Ekiti State, and the Federal Capital Territory (FCT) are exempted due to upcoming elections, while Rivers State is excluded because of the subsisting tenure of the current party executive committees in the state.

Additionally, the NWC confirmed the constitution of a National Convention Planning Committee. The party noted that further details regarding the adjusted timetable and the composition of the planning committee would be communicated in due course.

These changes mark a significant recalibration of the APC’s internal electoral calendar as it prepares for its national convention and subsequent political engagements.

By Yusuf Danjuma Yunusa

The Kabiru Turaki-led faction of the Peoples Democratic Party (PDP) has announced it will appeal a Federal High Court ruling in Ibadan that refused to grant its request for an order of mandamus. The court, in its Friday judgment, stated that granting the order would amount to reviewing decisions of courts of equal jurisdiction—a ruling the faction described as “not unexpected.”

In a statement issued by the party’s National Publicity Secretary, Ini Ememobong, and posted on his X (formerly Twitter) account, the faction confirmed it has directed its legal team to file an appeal immediately and take all necessary legal steps to defend its standing.

Despite the legal setback, the faction asserted that its leadership, which emerged from the PDP’s Ibadan convention, remains legally intact and unaffected. The statement called on members to stay calm and resolute, assuring them there is “absolutely no cause for alarm” and that the party’s “rebirth movement remains firmly on course.”

The development is part of an ongoing internal dispute over leadership and legitimacy within the PDP, with rival factions seeking judicial affirmation. All eyes are now on the appellate courts, whose decisions could significantly influence the party’s structure and direction ahead of future political activities.

The faction expressed confidence that higher courts would ultimately uphold its position, stating it “awaits the authoritative pronouncement of the appellate courts.”