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

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2 years ago

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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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NNPC Confirms Gas Supply & Network Availability

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19 hours ago

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November 7, 2026

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NNPC Limited confirms that gas transportation network operated by its subsidiary, NNPC Gas Infrastructure Company Limited (NGIC), remains available to support deliveries to power generating stations Nationwide without any constraints. NGIC’s operational records do not indicate transportation-related constraints within its network that explain the current decline in electricity generation.

NNPC Limited is focussed on actualizing the Federal Government’s gas development and monetization agenda which has led to about 10% growth in gas production volumes 2026 year to date. Gas supply availability is therefore not a challenge as NNPC remains committed to supporting efforts to improve electricity generation through safe, reliable and efficient gas supply and transportation.

This clarification follows the Nigerian Independent System Operator’s (NISO) statement of 5 November 2026, which cited limited gas availability and reduced water inflows to hydroelectric stations as causes of lower generation. NNPC Limited’s clarification concerns the operational status of NGIC’s transportation network. Gas production, commercial supply arrangements and actual deliveries to individual power plants must be assessed separately from the availability of transportation infrastructure.

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A comprehensive assessment must also consider the availability and operational readiness of generating units, plant maintenance schedules and actual gas offtake. These factors determine whether gas supplied can be converted into electricity. They should be verified alongside gas supply data to establish the causes of the shortfall.

NNPC Limited supports a coordinated review of operational data by gas suppliers, transporters, power generators and NISO to identify specific constraints and guide effective interventions. Accurate reporting across the gas-to-power value chain is essential to resolving the challenges and sustaining public confidence.

Our focus remains on dependable energy infrastructure and constructive collaboration that helps translate Nigeria’s gas resources into more reliable electricity for Nigerians.

Andy Odeh
Chief Corporate Communications Officer
NNPC Limited
Abuja

6 November 2026

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Kano Task Force Seizes 3.18m Pregabalin Capsules After Rapid Response Squad Launch

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23 hours ago

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November 7, 2026

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Barely 24 hours after the Kano State Governor, Alhaji Abba Kabir Yusuf, commissioned the Rapid Response Squad, the Kano State Multi-Agency Task Force on Drug Abuse and Illicit Trafficking has seized approximately 3,180,000 capsules suspected to be Pregabalin in the Sabon Gari area of Kano.

The seizure followed credible intelligence received through one of the reporting platforms linked to the Task Force Command and Call Centre, just hours after the Rapid Response Squad was officially launched by the Executive Governor of Kano State, Alhaji Abba Kabir Yusuf.

Acting swiftly on the intelligence, operatives of the Squad identified and searched a residential apartment at No. 13 Apple Avenue, Normansland, Sabon Gari, in Fagge Local Government Area, which was suspected to be used for illicit activities.

During the operation, the operatives recovered approximately 3,180,000 capsules suspected to be Pregabalin and arrested a 34-year-old man identified as Gregory Ogbuji.

The suspect, who is suspected to be associated with SEEMARK PHARMA LTD, registered under number 2012546, has been charged under Section 249 of the Penal Code. Another suspect allegedly connected to the operation is currently at large.

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The Chairman of the Task Force, Muhuyi Magaji Rimin Gado, Esq., described the seizure as a significant early result of the Rapid Response Squad, stressing that it demonstrated the importance of intelligence-led enforcement and effective communication between the public and law enforcement agencies.

According to the Task Force, Pregabalin has emerged as one of the most widely abused drugs in Kano State. Its operational experience indicates that approximately eight out of every 10 drug-related operations involve suspects dependent on or abusing Pregabalin.

The Task Force described the development as a serious public health and security concern, stressing that sustained enforcement, public vigilance and community cooperation would be critical to tackling the growing challenge of substance abuse and illicit drug trafficking in the state.

The latest operation is one of the first major outcomes of the investment in establishing and equipping the Rapid Response Squad, which was designed to provide a coordinated and rapid response to reports of drug abuse, illicit trafficking, thuggery and other related crimes.

The Chairman warned individuals and groups involved in the illicit drug trade to desist, assuring residents that the Task Force would continue to take firm action against offenders without fear or favour.

He also expressed appreciation to members of the public for their prayers, cooperation and continued support, urging residents to make full use of the Task Force’s reporting platforms and Command and Call Centre to provide credible information on suspected drug abuse, trafficking, thuggery and other criminal activities.

He said the cooperation of residents remained essential to strengthening public safety and advancing the state government’s “Kano First” agenda.

Signed:
Lamara Garba, mnipr
Secretary, Media and Publicity Committee
Kano State Multi-Agency Task Force on Drug Abuse and Illicit Traficking.

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Former Kano NUJ Chairman Abbas Ibrahim Loses Mother at 91

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2 days ago

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November 6, 2026

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Hajiya Binta Ibrahim, mother of former Chairman of the Nigeria Union of Journalists (NUJ), Kano State Council, Comrade Abbas Ibrahim, has died at the age of 91.

Hajiya Binta died on Friday, November 6, 2026, following a protracted illness.

The deceased was the mother of Comrade Abbas Ibrahim, who also served as the Labour Party’s Deputy Governorship Candidate in Kano State during the 2023 general elections.

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Among her surviving children are Salamatu Saminu, a retired Director in the Kano State Government; Halima Ibrahim; and Comrade Abbas Ibrahim.

The funeral prayer for the deceased is scheduled to hold on Friday, November 6, at Sahaba, Kundila, Kano, immediately after the Juma’at prayer.

Her death is a loss to her family, relatives and associates, who will remember her for the years she spent nurturing her children and contributing to the growth of her family.

May Almighty Allah forgive her shortcomings, grant her soul eternal rest and admit her into Jannatul Firdaus. Amin.

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