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Dangote Refinery Adjusts Petrol Prices, Absorbs 50% of Global Oil Price Increase

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Dangote Petroleum Refinery said the recent adjustment in its ex-depot price of Premium Motor Spirit (petrol) is directly related to the significant increase in global crude oil prices.

The ex-depot price of petrol has been adjusted from N899.50 to N950 per litre, marking a 5% increase. However, Dangote Refinery emphasised that this increase is notably lower than the 15% rise in global crude oil prices. Over a span of just a few days, Brent Crude prices have climbed from $70 to $82 per barrel, with additional premiums for Nigerian crude adding approximately $3 per barrel.

Dangote Petroleum Refinery, in a statement, also clarified that it has chosen to absorb part of the increased logistics costs, in a bid to maintain consistent pricing across Nigeria. The refinery also kept the Single-Point Mooring (SPM) ex-vessel price stable at N895 per litre, a move aimed at reducing the impact on consumers.

In an effort to keep prices manageable, Dangote Refinery stated that it has absorbed nearly 50% of the price hikes in international crude oil markets, ensuring that the retail price of PMS nationwide will remain at N970 per litre. Without this intervention, the company noted that the retail price could have surged to as high as N1,150 to N1,200 per litre in certain locations, a stark contrast to the current price.

The company also acknowledged its partners, including Ardova, Heyden, and MRS Holdings, would retail petrol at the same price of N970 per litre nationwide, aimed at preventing price disparities across different regions and ensuring uniform pricing across all 36 states and the Federal Capital Territory (FCT).

“All our partners, including Ardova, Heyden, and MRS Holdings, will offer petrol to Nigerians at a retail price of N970 per litre nationwide. We have absorbed the increased logistics costs to guarantee uniform pricing across the 36 states of the federation and the Federal Capital Territory (FCT).
“Dangote Refinery has absorbed approximately 50% of the cost increases in the international oil market. This is due to our unwavering commitment to quality and affordability, as well as the ownership of the refinery by Nigerians, which remains central to our mission. If Dangote Refinery were to pass on the entire increase in the price of crude oil to the market, the retail price of PMS would be approximately N1,150 to N1,200 per litre in some locations, compared to the current price of N970 per litre,” it said.

The Refinery emphasised its ongoing commitment to providing Nigerians with affordable and high-quality fuel. The statement also stressed its dedication to transparency, with plans to publish its ex-depot price, ex-vessel price, and pump price on a weekly basis, ensuring that consumers are informed and protected from price exploitation.

“We are committed to providing reliable, top-quality petrol to the Nigerian people at competitive prices. In these challenging times, we continue to prioritise the best interests of Nigerians, striving to shield consumers from the full impact of global price volatility while adapting to evolving market conditions. We sincerely appreciate the continued trust and support of Nigerians as we strive to deliver the best value for their money and contribute to the development of a self-sufficient economy that is resilient to international price fluctuations,” it said.

It expressed appreciation for the support of President Bola Ahmed Tinubu’s administration and the introduction of the Naira for Crude Initiative. The initiative, which promotes local purchasing of crude oil with the naira currency, has been credited with providing Nigerians with consistent access to high-quality PMS while shielding them from the fluctuations of the international oil market.

“We would like to express our gratitude to President Bola Ahmed Tinubu for the introduction of the visionary Naira for Crude Initiative. This groundbreaking initiative has enabled consistent access to high-quality PMS for all Nigerians, while also insulating the Nigerian consumers from the volatility of the global oil market,” it added.

It reiterated its commitment to providing reliable, top-quality petrol to Nigerians at competitive prices. It added that it will continue to prioritise the best interests of Nigerians, striving to shield consumers from the full impact of global price volatility while adapting to evolving market conditions.

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Council of Jumu’at Imams Supports Kano Government on Profiling NGOs

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Sheikh Muhammad Nasiru Adam

 

The National Council of Jumu’at Imams, led by its chairman, Sheikh Muhammad Nasiru Adam, has declared its unwavering support for the Kano State Government’s initiative to profile non-governmental organizations (NGOs). Sheikh Muhammad Nasiru Adam made this announcement while addressing journalists in Kano on Monday.

Sheikh Muhammad Nasiru Adam is the chief Imam of Sheikh Ahmad Tijjani Masjid located in Kofar Mata in the heart of Kano city.

“We are fully behind the Kano State Government on its stand in profiling NGOs,” Sheikh Muhammad Nasiru Adam stated.

Sheikh Muhammad Nasiru Adam emphasized the importance and significance of profiling NGOs, noting that certain NGOs’ activities conflict with the tradition, culture, and religion of the people of Kano. He explained that these activities sometimes negatively impact the social well-being of the Kano populace. “That is why we found it imperative and necessary to back the state government, especially the committee it sets up to profile the NGOs,” he said.

The chairman of the National Council of Jumu’at Imams urged the people of Kano and all well-meaning citizens to support the committee established by the state government to profile NGOs operating in Kano without proper introduction to the government and people of the state. “I am calling on the people of Kano and every well-meaning citizen to back the committee set up by the state government to profile the NGOs that come to Kano to carry out their activities without introducing themselves to the government and people of Kano State,” Sheikh Muhammad Nasiru Adam urged.

Sheikh Muhammad Nasiru Adam underscored that Islam has laid down conditions for how every association is supposed to operate. He quoted a verse from the Quran: “Waltaqun minkum ummatun yad’una ilal-khairi wa ya’muruna bil ma’rufi wa yanhauna ‘anil-munkar” (3:104), which means “You should be a community of people who advocate for the observance of good deeds and forbidding what is wrong.”

The Imam further cited a renowned cleric from Egypt, Sheikh Mutwallusshaarawi, who emphasized how NGOs should operate. He also quoted the late King of Saudi Arabia, King Abdullah, who said, “We are not supposed to live in a country that we cannot protect.”

Sheikh Muhammad Nasiru Adam concluded by stating that the Council of Jumu’at Imams is committed to actions that aid and benefit the religion of Islam. “This is the stand of the Council of Jumu’at Imams, and one of its primary responsibilities is seeing what is going to aid and benefit the religion of Islam,” he affirmed.

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Dangote Group Deploys Advanced Technology In Companies   

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From left:  Group General Manager, Dangote Sugar Refinery, Numan, Bello Dan-Musa, Senior Advisor to the Dangote Group President, Fatima Wali Abdurrahman (Receiving an Award), President of the KADCCIMA, Ishaya Idi, First Deputy President of KADCCIMA, Farouk Suleiman, at the Dangote Special Day during the just concluded 46th Kaduna International Trade Fair.

Clinging onto its position as Africa’s leading conglomerate, the Dangote Industries Limited has instituted a plethora of cutting-edge technology in creating top-notch efficiency for all its companies.

Speaking weekend at the just concluded 46th Edition of the Kaduna International Trade Fair, Senior Advisor to the President of the Dangote Group, Fatima Wali Abdurrahman, said the digitization exercise is a sustained endeavour, adding that it has helped in speeding up manufacturing and sales.

“As some of you may be aware, we have since digitized our manufacturing and sales processes through the deployment of automated and smart systems, particularly in our cement plants,” she said.

Mrs. Wali Abdurrahman spoke at the Dangote Special Day, against the backdrop of the Trade Fair’s theme: Promoting Efficiency in Manufacturing, Trade, and Agriculture through Digital Transformation.

She said what normally takes days, now takes minutes to accomplished.

The company is one of the major sponsors of this year’s Trade Fair.

She said: “The integrated advanced technology adopted in all our operations; cement, sugar, salt, fertiliser, Petro-chemicals, and agriculture, has made us become leaders in all sectors where we play.

According to her, customers of the company have voiced their immense satisfaction with this innovative ordering channel, reinforcing our commitment to enhancing their experience and propelling future growth.

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“The DMS Application is available on both Android and iOS platforms for our registered customers in the cement, sugar, and salt sectors, ensuring they can easily access our products anytime, anywhere,” she added.

According to her Dangote Peugeot Automobile Nigeria (DPAN) plant has leveraged on advanced technology of in the production of a 120-vehicle daily production capacity and an annual capacity of 44,000 units.

“By assembling globally renowned Peugeot models—such as the Landtrek pickup, 3008, 5008, and 508 GT—DPAN fosters trade by reducing import dependency and providing locally assembled vehicles at competitive prices, “she said.

Speaking earlier, President of the Kaduna Chamber of Commerce, Industry, Mines, and Agriculture (KADCCIMA) Rsv Ishaya Idi commended the Dangote Group for its job creation strides in the country, saying the company has sustained its partnership with the Chamber.

The President of the Chamber called on Nigerians to support the Dangote Group.

He said the 46th Kaduna Trade Fair has offered the opportunity for both the company and the Chamber to interact.

Dangote Group is the biggest employer of labour in the private sector in Nigeria.

The company took the center stage during the fair, as the Federal Government affirmed its pivotal role in the country’s push towards industrialization.

Acting Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr. Dafang I. Sale, who represented President Bola Ahmed Tinubu and the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, thanked the company for “doing a good job” in Nigeria.

Speaking to newsmen in Kaduna, Director General of the Chamber, Alhaji Usman Saulawa, defined the Dangote Group as a conglomerate that is helping to drive the Nigerian economy.

According to him, the company has not only made a significant positive impact on the business community in Kaduna State but has also contributed immensely to the growth of both the Nigerian, and global economy.

He added: “Our selling point is the joint collaboration and full involvement of Kaduna State Government, Dangote Group and other companies.”

He also acknowledged its partnership with the Dangote Group, describing it as the Unique Selling Point, and a major competitive advantage of the 46th Kaduna International Trade Fair.

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Sen. Barau Donates 1,037 Motorcycles, 63 Cars to APC Supporters in Kano

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Deputy Senate President Barau Jibrin and APC National chairman Dr Abdullahi Umar Ganduje test running the motorcycles

The Deputy Senate President, Sen. Barau Jibrin, on Sunday donated 1,037 motorcycles and 63 cars to grassroots supporters of the All Progressive Congress(APC) in Kano State.

Speaking during a grand event at Meena Event Center Kano, Senator Jibrin, said the gesture was aimed at empowering members of the party with a view to achieving the set objectives.

He said the motorcycles will be distributed to all the wards and local government APC chairmen of Kano State.

The Deputy Senate President noted that a special package for women,teachers and other stakeholders would soon commenced geared towards ensuring that the public benefits from the dividend of democracy.

“We are also planning to also empower university graduates who were not able to secure white collar job ,three will be selected from each local government and will be empowered with the sum of five million Naira loan to embarked on small businesses.

Jibrin commended the style of leadership exhibited by the National Chairman of APC, Dr Abdullahi Umar Ganduje, which under his stewardship the Party has achieved greater heights.

In his remarks, the APC National chairman,Dr Abdullahi Umar Ganduje, said that the Tinubu led administration was working tirelessly aimed at improving the well being of the general populace.

Ganduje commended Senate Jibrin, for the donation, saying that it would enhance the socioeconomic well-being of the party members and promote its ideals.

Ganduje expressed gratitude to President Bola Tinubu for appointing key members from the state as ministers and to other key positions.

” We appreciate President Tinubu for making it possible to appoint Dr Mariya Bunkure, as Minister for the Federal Capital Territory and Alhaji Abdullahi Ata, as Minister of state for works and Housing.

He said the people of Kano State would continue to support the progressive party due to the love Tinubu has shown to the state.

The APC state Chairman Abdullahi Abbas, praised Senator Barau’s empowerment scheme, urging other politicians to provide palliatives to their constituents ,especially during the holy month of Ramadan.

Abbas urged party supporters to remain vigilant and focus on winning the 2027 general elections

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