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Again, Dangote crashes diesel, and Aviation fuel prices further to N940, N980 respectively

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Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively.

This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago.

The price change of N940 applies to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above.

Speaking on the new development, the Head of Communication, Mr Anthony Chiejina, explained that the new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria.

“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates.”

He further stated that the partnership will be extended to other major oil marketers. “The essence of this is to ensure that retail buyers do not buy at exorbitant prices.

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“The Dangote Group is committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce this new prices and hope that it would go a long way to cushion the effect of economic challenges in the country.

It would be recalled that the management of Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 Naira per litre barely two weeks ago.

This marks the third major reduction in diesel price in less than three weeks when the product sold at N1,700 to N1,200 and also a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.

Nigerian President Bola Tinubu had also commended Mr Dangote for the initial price reduction, describing it as an “enterprising feat.”

Reacting to the latest development, The Director General of the Manufacturers Association of Nigeria (MAN), Mr. Ajayi Kadiri, said that “The decision of Dangote Refinery to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy.”

He added that “The trickledown effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity.

“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation

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Kano Ex-Deputy Governor Gawuna Joins ADC After Resignation from APC

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By Yusuf Danjuma Yunusa

Nasiru Gawuna, the 2023 governorship candidate of the All Progressives Congress (APC) in Kano State, has formally joined the African Democratic Congress (ADC).

Gawuna, a former deputy governor of the state, received his membership card on Tuesday at his ward in Gawuna, Nasarawa Local Government Area. The event drew a large gathering of supporters and notable political figures, including former Governor Senator Rabiu Musa Kwankwaso, immediate-past Deputy Governor Aminu Gwarzo, and the state ADC chairman, Musa Ungogo.

Speaking after the registration, Gawuna thanked his supporters and party leaders, pledging his commitment to strengthening the ADC in Kano State.

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His defection follows a formal resignation from the APC, which he described as a personal and voluntary decision. In a letter dated March 29, 2026, addressed to his ward chairman, Gawuna expressed appreciation to the APC for the opportunity to serve.

The move also comes after his resignation as Chairman of the Board of Directors of the Federal Mortgage Bank of Nigeria, effective March 31, 2026. His departure from the role complied with a directive by President Bola Ahmed Tinubu requiring political appointees to resign in line with the provisions of the Electoral Act.

Gawuna thanked the president for the trust reposed in him, noting it was an honor to serve in various capacities, including as Pro-Chancellor and Chairman of the Governing Council of Bayero University, Kano.

Political observers view Gawuna’s entry into the ADC as a significant boost for the party, given his political influence and strong showing in the 2023 governorship election, where he secured 890,705 votes.

The development is the latest in a series of political realignments in Kano State ahead of the 2027 general elections, signaling continued shifts in the state’s political landscape.

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JUST IN: Senate Approves Tinubu’s $6 Billion Loan Request

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By Yusuf Danjuma Yunusa

The Senate on Tuesday approved President Bola Tinubu’s request to secure $6 billion in external loans, granting legislative backing for the facilities hours after the Executive formally sought approval to finance critical infrastructure and address fiscal gaps.

The approval followed the consideration of a report submitted by the Chairman of the Senate Committee on Local and Foreign Debts, Senator Aliyu Wamakko (APC, Sokoto North).

In a letter read during plenary, President Tinubu sought approval for two separate facilities: a $5 billion loan from Abu Dhabi Bank to support budget deficit financing and meet existing debt obligations, and a $1 billion loan from UK Export Finance through Citibank London to fund the rehabilitation of the Lagos Port Complex and Tin Can Island Port.

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According to the President, the port rehabilitation projects aim to address longstanding operational challenges, improve efficiency, enhance safety standards, support non-oil trade diversification, and position Nigeria as a regional trade hub.

Senate President Godswill Akpabio referred the requests to the committee for expedited consideration, a directive that culminated in Tuesday’s approval.

The latest borrowing comes amid the Federal Government’s sustained reliance on domestic and external loans to finance budget deficits. Four months ago, the National Assembly approved a separate request to raise N1.15 trillion from the domestic debt market to fund the 2025 budget deficit.

In its report, the Senate Committee on Local and Foreign Debts noted that the 2025 Appropriation Act provides for total expenditure of N59.99 trillion—an increase of N5.25 trillion from the Executive’s initial proposal—highlighting the widening fiscal gap driving the government’s borrowing strategy.

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El-Rufai’s Bail Hearing Adjourned to Wednesday as Security Tightens Around Kaduna Court

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By Yusuf Danjuma Yunusa

The Federal High Court in Kaduna has adjourned the bail hearing for former Governor Nasir El-Rufai until Wednesday, March 31. Justice Rilwanu scheduled the new date after hearing arguments from both the defense and prosecution.

El-Rufai was arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on a 10-count charge involving the alleged conversion of public property and money laundering. The former governor pleaded not guilty to all charges.

In a separate case, El-Rufai also appeared before a Kaduna State High Court on charges of abuse of office, fraud, and intent to commit fraud. The ICPC filed charge number KDH/KAD/ICPC/01/26 against him and one other defendant, Amadu Sule, from the Kaduna State Development Agency (LEDA).

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According to the News Agency of Nigeria, El-Rufai arrived at the Federal High Court premises at approximately 9:40 a.m. in the company of ICPC officers.

Security was heightened across the Kaduna metropolis ahead of the proceedings. Armed personnel from the police, the Department of State Services (DSS), and the Kaduna State Vigilance Service were deployed to strategic locations. Access to the court was restricted to accredited journalists and court officials, though media representatives were barred from entering the courtroom to cover the proceedings.

Counsel for El-Rufai, Abdul Adamu, declined to comment after the session, stating only that the case “has been adjourned till tomorrow.”

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