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Depot price hike: Marketers jostle to join Ardova, Heyden in Dangote Refinery bulk-purchase incentives

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Attracted by the bulk-purchase agreement incentives being offered by the Dangote Petroleum Refinery, more oil marketers in the country are jostling to be listed as beneficiaries of the agreement.

The bulk-purchase agreement, the petroleum marketers reasoned, offers a guaranteed price stability as against purchase from depot owners whose price is opened to incessant upward review as has just been announced.

Recall that two prominent players in Nigeria’s downstream oil and gas sector – Ardova Plc and Heyden Petroleum – have entered into a bulk purchase agreement with the Dangote Petroleum Refinery after MRS; a situation they have leveraged on to sell petroleum at a much cheaper pump price.

The depot owners recently jerked up their loading price to N950 per liter from N909 citing increase in the price of crude oil in the international market, a situation that has forced most independent marketers to raise their pump price too to reflect the new higher price from the depot owners.

The Independent marketers are referring to the benefits of the bulk-purchase agreement with Dangote Refinery as being enjoyed by the three leading oil marketers, MRS, Ardova Plc and Heydey who have entered into the purchase agreement with Dangote refinery and are able to retain their lower pump price.

National President of Independent Petroleum Marketers Association (IPMAN), Alhaji Abubakar Maigandi Garima has confirmed that the association members are eager to sign on with Dangote Refinery and that they have been advised to do so by organizing themselves to pool resources together to be able to qualify for the bulk-purchase agreement.

Justifying the IPMAN new position, he said members could not continue to depend on depot owners for products when they can buy directly from the refinery bearing in mind that the minimum quantity to buy from Dangote Refinery is two million litres at N909 per litre.

The management of the Dangote Refinery citing economic relief provided by President Bola Ahmed Tinubu’s crude-for-naira swap initiative had announced a bulk-purchase offer incentives to the three leading downstream sector operators, so that Nigerians could heave a sigh of relief on the reduced pump price.

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As the MRS, Ardova Plc and Heyden keyed into the arrangement, other petroleum marketers besieged the Refinery in Ibeju-Lekki, Lagos, seeking to be part of the bulk purchase deal, which guarantees steady supply of petroleum products and at competitive prices.

The desire to be part of the bulk-purchase agreement, it was also gathered, was also apparently being fueled by the testimonies from motorists who have been praising the impressive burn rate of fuel sourced from Dangote Refinery and sold in MRS filing stations which they said lasts longer compared to other products imported into the country and sold by others.

Dangote Refinery had said the strategic move was designed to further stabilise the nation’s fuel market and enhance energy security for consumers, as it would guarantee steady supply of petroleum products at affordable prices.

The bulk purchase agreement incentive by Ardova and Heyden came on the heels of a drop in the pump price of petrol by the management of MRS Oil Nigeria Plc, which had previously entered into a similar agreement with Dangote Refinery.

As a result, MRS Oil lowered its fuel prices to N935 per litre across all its stations nationwide, addressing the long-standing issue of price disparities between states. Furthermore, MRS Oil’s stock surged to a new 52-week high recently, as investors became increasingly optimistic about the company’s future earnings prospects.

Reports indicate that the bulk purchase agreement with Dangote Petroleum Refinery had also enabled both Ardova and Heyden to secure a reliable and consistent supply of petroleum products from the world’s largest single-train refinery at competitive prices, benefiting consumers across the country.

The arrangement ensures that Ardova and Heyden will have access to a full range of refined products, thereby securing their operations with a reliable supply chain. Other petroleum markers, reports said, are keen on signing similar agreement with Dangote Refinery as soon as they are allowed to, as most of them have majority of their filing stations in Lagos close to Dangote Refinery.

After signing the agreement, Ardova Plc, it would be recalled, had in a statement underscored the importance of this agreement in fostering a more competitive environment within Nigeria’s downstream oil and gas sector.

The partnership with Dangote Refinery is poised to have a positive, transformative impact on Nigeria’s oil and gas market. By ensuring a stable and affordable supply of fuel products in the over 1,000 retail outlets of the two companies, the agreement will help to alleviate the recurring issue of fuel scarcity that has long plagued Nigeria.

 

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Waiya Tackles Buba Galadima on Governor Yusuf’s Defection, Says Voting Decisions Rest With the Electorate

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The Kano State Commissioner of Information and Internal Affairs, Comrade Ibrahim Abdullahi Waiya, has issued a press statement challenging recent remarks by elder statesman Engr. Buba Galadima, who suggested that Governor Abba Kabir Yusuf cannot secure a second term without the political support of Senator Rabiu Musa Kwankwaso.

In the statement dated January 25, 2026, Waiya described Galadima’s assertion as “analytically weak, misleading and dismissive of Kano State’s deeply rooted political culture.” He emphasized that while Kwankwaso remains a respected political heavyweight, Kano’s democratic tradition is not permanently contingent on the influence of a single individual.

According to Waiya, “There is no dispute that Senator Dr. Rabiu Musa Kwankwaso is a strategic mobiliser and one of the most consequential figures in Kano’s modern political history. His influence is real and well earned. However, to suggest that Kano’s political future is permanently contingent on the shadow of a single individual is to misread both history and democratic behaviour of the people in the State.”

Waiya further expressed surprise that such a claim came from Galadima, noting that the elder statesman had previously benefited from Governor Yusuf’s inclusive leadership. “In the hope of institutional improvement, the Governor appointed him Chairman of the Governing Council of Kano State Polytechnic, notwithstanding the fact that he is not an indigene of Kano State. Regrettably, the tenure yielded little or no measurable impact,” Waiya stated.

The Commissioner stressed that leadership is validated by tangible outcomes rather than commentary. “As the timeless proverb reminds us, the tree is known by its fruit,” he remarked, underscoring the need for performance-based legitimacy in Kano politics.

Highlighting Kano’s unique political culture, Waiya argued that power in the state ultimately rests with the electorate. “Kano operates on its own historical rhythm, civic memory, and political consciousness. Here, power does not permanently reside with godfathers; it rests with the electorates, whose loyalty has always been conditional on performance, character, trust and reliability,” he explained.

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Waiya cited historical precedents to support his position, pointing to the emergence of Mallam Ibrahim Shekarau as governor in 2003 without godfather backing. “His re-election validated a simple Kano principle: legitimacy is always derived from the people,” Waiya said.

He also referenced Kwankwaso’s own political return in 2011, noting that it was based on his record rather than anointment. “His past performance functioned as political capital. That experience alone should caution against overstating the durability of godfather politics in Kano,” Waiya asserted.

On Governor Yusuf’s mandate, Waiya emphasized that it was earned through popular legitimacy. “He was elected by the people of Kano, across party lines and political interests, defended his mandate through institutional processes, and assumed power with popular legitimacy,” Waiya explained. He added that Yusuf has since transitioned from protégé to principled leader, prioritizing education, institutional reforms, and social equity.

Responding to claims that Yusuf is “standing on borrowed feet,” Waiya countered that governance in Kano is consolidated through delivery. “Political authority in Kano is consolidated over time through delivery, not inherited indefinitely through association,” he said.

While acknowledging Kwankwaso’s enduring influence, Waiya stressed that mentorship does not equate to permanent dependence. “Influence is not ownership, and mentorship is not permanent dependence. Kano’s political tradition has always allowed for maturation and continuity beyond individuals,” he noted.

Expressing confidence in Yusuf’s future, Waiya declared: “I firmly believe that not only will Governor Abba Kabir Yusuf secure a second term, he will govern more effectively in a subsequent tenure, because governance, like leadership itself, matures with experience.”

He warned that those predicting Yusuf’s collapse without a godfather underestimate Kano’s political memory. “As history has repeatedly shown from Governor Kabiru Ibrahim Gaya to Governor Ibrahim Shekarau, to Governor Rabiu Musa Kwankwaso himself, Kano ultimately rewards performance, not proximity to power,” Waiya said.

The Commissioner also addressed internal challenges within the New Nigeria People’s Party (NNPP), noting that persistent conflicts and legal disputes have created divisions. “The growing disenfranchisement among party members has created deep divisions within the party structure, resulting in cracks that appear increasingly irreconcilable,” Waiya explained.

He concluded by stressing that Yusuf’s decisions are taken in good faith, with a commitment to peace and progress. Quoting the Qur’an, Waiya reminded citizens: “Nothing shall ever happen to us except what Allah has ordained for us. He is our Mawla (Protector). And in Allah let the believers put their trust.” He also cited a Hadith emphasizing reliance on divine decree, stating that “the pens have been lifted and the pages have dried.”

“This,” Waiya concluded, “remains the enduring grammar of Kano politics.”

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JUST IN: Tinubu to Depart on Monday for Türkiye

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By Yusuf Danjuma Yunusa

President Bola Tinubu will depart Abuja on Monday, January 26, for a state visit to the Republic of Türkiye.

According to a statement by his spokesman, Bayo Onanuga, on Sunday, the visit was aimed at strengthening the existing cordial relations between the two countries and exploring further areas of cooperation in security, education, social development, innovation, and aviation.

Turkish President Recep Tayyip Erdogan paid an official visit to Nigeria from October 19 to 20, 2021.

During President Tinubu’s visit, both countries will engage in strategic political and diplomatic discussions on shared values in finance, communication, trade and investment.

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The statement read, “the agenda will include meetings between high-ranking officials of both nations and the signing of memoranda of understanding (MoUs) in scientific research, energy, technical cooperation, media and communications, military cooperation and protocol, among others.

“A business forum will bring together investors from both countries to explore areas of interest during the visit.

“Members of the President’s entourage participating in the bilateral discussions include: Minister of Foreign Affairs, Ambassador Yusuf Tuggar; Attorney General and Minister of Justice, Prince Lateef Fagbemi SAN; Minister of Defence, General Christopher Musa (rtd) and Chairman, House Committee on Defence, Hon. Jimi Benson.

“Others are: Minister of Women Affairs and Social Development, Hajiya Imaan Suleiman-Ibrahim; Minister of Interior, Olubunmi Tunji-Ojo; Minister of Culture and Creative Economy, Hannatu Musawa; National Security Adviser, Malam Nuhu Ribadu; and Director-General of the National Intelligence Agency, Ambassador Mohammed Mohammed.”

The statement added that President Tinubu is expected to return to the country at the conclusion of the visit.

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BREAKING: Gov. Yusuf to Formally Join APC on Monday

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By Yusuf Danjuma Yunusa

Kano State Governor, Alhaji Abba Kabir Yusuf, is set to rejoin the All Progressives Congress (APC) on Monday, 26 January 2026, following his resignation from the New Nigeria Peoples Party (NNPP) last Friday.

This was contained in a statement signed by the governor’s spokesperson, Sunusi Bature Dawakin Tofa on Sunday.

The statement recalled that Governor Yusuf first joined the APC in 2014 when he won the party’s primary election for the Kano Central Senatorial seat, a position he later conceded to Senator Rabiu Musa Kwankwaso.

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It noted that after years of political engagement across different platforms, including his most recent stint in the NNPP, prevailing realities of governance, national cohesion and development necessitated his return to the APC, which he described as a familiar and structured platform for progressive governance.

Governor Yusuf stated that rejoining the APC would further strengthen cooperation with the Federal Government, accelerate infrastructural development, enhance security coordination and improve service delivery across Kano State.

He added that the decision would also consolidate political stability and unity in the state.

On Monday, 26 January 2026, the governor will formally register as a member of the APC in Kano alongside 22 members of the State House of Assembly, eight members of the House of Representatives and the 44 Local Government Chairmen.

He is also expected to officially launch the APC e-registration exercise in the state.

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