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Breaking:Dangote Refinery Reduces Diesel Price

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Aliko Dangote

Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general.

Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than three times, from an initial N1,700 per litre to the current rate, thus providing much-needed relief to manufacturers and consumers alike.

The latest reduction of N55 per litre for diesel follows the revelation by Development Economist and Public Policy Analyst, Prof. Ken Ife, that the Dangote Petroleum Refinery sacrificed over N10 billion to ensure the availability of petrol at a uniform price across the country during the yuletide period. He also praised the refinery for setting a new benchmark in Nigeria’s energy sector by unlocking vast opportunities for export revenue.

Speaking on the transformative impact of the refinery on Arise TV, Prof. Ife explained that for years, the equalisation fund had been responsible for managing the price differentials and transportation costs involved in distributing petroleum across the country. However, it has been reported that the fund owes marketers over N80 billion, according to the development analyst.

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“What has actually happened is that the president has shifted the subsidy burden away from the public purse and onto the private sector. The equalisation fund, which was meant to cover the price differential and transportation costs, plays a crucial role. If petroleum is to be sold across the country at a set price, then transportation costs must be accounted for to ensure this is possible. That’s the purpose of equalisation. However, the equalisation fund is reported to owe around N80 billion to the marketers, and this issue is still under discussion.

“During the Christmas season, which is traditionally the most challenging period, we often face shortages of petroleum, petrol hoarding, and arbitrary price hikes, all of which impact the cost of food. In response, during this last yuletide, the Dangote Group made the decision to absorb the costs. They equalised the price themselves, at a cost of over N10 billion. In doing so, they effectively absorbed the subsidy,” he said.

Prof Ife also said the facility is steering Nigeria away from its traditional focus on Premium Motor Spirit (PMS) towards a diversified range of petroleum-based exports.

He added that with major international players such as BP and Saudi Aramco purchasing refined products from Nigeria, the country is swiftly becoming a key player in the global petroleum market. The analyst expressed confidence that Nigeria is on the path to self-sufficiency in petroleum products, while simultaneously positioning itself as an energy export powerhouse.

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Ambassadorial Posting: FFK, Reno Posted to Germany, Mexico

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By Yusuf Danjuma Yunusa

President Bola Ahmed Tinubu has approved the postings of 31 career and 34 non-career ambassadors to various countries and the United Nations.

In the list which was released by Bayo Onanuga, Presidential spokesman, on Friday afternoon, a total of 65 ambassadors and High Commissioners were posted across the country.

The Senate confirmed the ambassadors-designate last December last year.

Former Chairman of the Independent National Electoral Commission (INEC), Mahmud Yakubu, was posted to Qatar, Femi Fani-Kayode was posted to Germany, while Reno Omokri was posted to Mexico.

Senator Jimoh Ibrahin was posted to the United Nations; former Chief of Army Staff and Minister of Interior, Abdulrahman Dambazau was posted to China, while ex-Governor Okezie Ikpeazu is the new ambassador to Spain.

Below is the list:

POSTINGS OF NON-CAREER AMBASSADORS / HIGH COMMISSIONERS

S/N NAME MISSION APPROVED
1. SENATOR GRACE BENT: LOME-TOGO
2. SEN. ITA ENANG: SOUTH AFRICA
3. IKPEAZU VICTOR: SPAIN
4. NKECHI LINDA UFOCHUKWU: TEL-AVIV, ISRAEL
5. MAHMUD YAKUBU: QATAR
6. PAUL OGA ADIKWU: THE VATICAN CITY HOLY SEE
7. VICE ADMIRAL IBOK-ETE EKWE IBAS: THE PHILIPPINES
8. MR. RENO OMOKRI: MEXICO CITY, MEXICO
9. HON. (ENGR.) ABASI BRAIMAH (FMHR): BUDAPEST, HUNGARY
10. MRS. ERELU ANGELA ADEBAYO: PORTUGAL
11. BARR. OLUMILUA OLUWAYIMIKA AYOTUNWA: TOKYO, JAPAN
12. RT. HON. UGWUANYI IFEANYI LAWRENCE: ATHENS, GREECE
13. BARR. CHIOMA PRISCILLA OHAKIM: WARSAW, POLAND
14. AMINU DALHATU: UNITED KINGDOM, UK
15. LT. GEN ABDULRAHMAN BELLO DAMBAZAU: BEIJING, CHINA
16. HON. TASIU MUSA MAIGARI: GAMBIA
17. OLUFEMI PEDRO: AUSTRALIA
18. BARR. MUHAMMED UBANDOMA ALIYU: ARGENTINA
19. LATEEF KAYODE ARE: USA
20. AMB. JOSEPH SOLA IJI: RUSSIA
21. SEN. JIMOH IBRAHIM: UN PERMANENT REPRESENTATIVE
22. FEMI FANI KAYODE: GERMANY
23. PROF. ISAAK FOLORUNSO ADEWOLE: OTTAWA, CANADA
24. AJIMOBI FATIMA FLORENCE (F): AUSTRIA
25. MRS. LOLA AKANDE (F): SWEDEN
26. AYODELE OKE: FRANCE
27. YAKUBU N. GAMBO: SAUDI ARABIA
28. SENATOR PROF. NORA LADI DADUUT: SEOUL, SOUTH KOREA
29. BARR. ONUEZE CHUKWUJIKA JOE OKOCHA SAN: DUBLIN
30. DR. KULU HARUNA ABUBAKAR: TUNIS, TUNISIA
31. RT. HON. JERRY SAMUEL MANWE: PORT OF SPAIN, T&T

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POSTINGS OF CAREER AMBASSADORS / HIGH COMMISSIONERS LIST

S/N NAME MISSION APPROVED
1. AMB. NWABIOLA EZENWA CHUKWUMEKA: COTE D’IV/OIRE
2. BESTO MAIMUNA IBRAHIM: NIAMEY-NIGER
3. MONICA OKWUCHUKWU ENEBECHI: SAO TOME, STP
4. AMB. MOHAMMED MAHMUD LELE: ALGIERS-ALGERIA
5. ENDONI SYNDOPH PAEBI: OUAGADOUGOU-BURKINA FASO
6. AHMED MOHAMMED MONGUNO: CAIRO EGYPT
7. AMB.JANE ADAMS (NEE OKON) MICHAEL (F): KINGSTON-JAMAICA
8. AMB. CLARK-OMERU ALEXANDRA (F): LUSAKA-ZAMBIA
9. CHIMA GEOGGREY LIOMA DAVID: BAMAKO-MALI
10. AMB. ODUMAH YVONNE EHINOSEN: MALABO –E/GUINEA
11. AMB WASA SEGUN IGE: BEIRUT, LEBANON
12. RUBEN ABIMBOLA SAMUEL (F): ROME, ITALY
13. AMB.ONAGA OGECHUKWU KINGSLEY: MAPUTO, MOZAMBIQUE
14. AMB.MAGAJI UMAR: KINSASHA, DR CONGO
15. AMB.MUHAMMAD SAIDU DAHIRU: NEW DELHI-INDIA
16. AMB. ABDUSSALAM HABU ZAYYAD: DAKAR-SENEGAL
17. AMB SHEHU ILU BARDE: ACCRA GHANA
18. AMB.AMINU NASIR: ETHIOPIA
19. ABUBAKAR MUSA MUSA: N’DJAMENA, CHAD
20. AMB. HAIDARA MOHAMMED IDRIS: THE HAGUE-NETHERLANDS
21. AMB.BAKO ADAMU UMAR: RABAT-MOROCCO
22. AMB. SULU GAMBARI OLATUNJI AHMED: MALAYSIA
23. AMB.ROMATA MOHAMMED OMOBOLANLE (F): TANZANIA
24. AMB. SHAGA JOHN SHAMAH: BOTSWANA
25. SALAU, HAMZA MOHAMMED: TEHRAN, IRAN
26. AMB.IBRAHIM DANLAMI: KENYA
27. IBRAHIM ADEOLA MOPELOLA (F): COTONOU-BENIN
28. AMB.AYENI ADEBAYO EMMANUEL: BRUSSELS, BELGIUM
29. AMB.AKANDE WAHAB ADEKOLA: BERNE-SWITZERLAND
30. AMB. AREWA (NEE ADEDOKUN) ESTHER (F): WINDHOEK-NAMIBIA
31. AMB.GERGADI JOSEPH JOHN: LIBREVILLE-GABON
32. AMB. LUTHER OGBOMODE AYO-KALATA (F): SIERRA LEONE
33. DANLADI YAKUBU NYAKU : KHARTOUM-SUDAN
34. BELLO DOGON-DAJI HALIRU: BANGKOK, THAILAND

The statement added that the Ministry of Foreign Affairs has already received agreement from the United Kingdom for the High Commissioner-designate, Ambassador Aminu Dalhatu.

Similarly, France has sent the agreement for Ambassador Ayo Oke.

It added that the Ministry has also conveyed the nominations of the other 62 designated envoys to all the countries concerned, including a request for their agreements in line with standard diplomatic practice.

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FG Launches N250 Billion Single-Digit Loan Scheme for Smallholder Farmers

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By Yusuf Danjuma Yunusa

The federal government has launched a N250 billion credit facility for smallholder farmers, channeled through the Bank of Agriculture (BOA) to provide much-needed access to credit at a single-digit interest rate. The initiative is designed to bolster agricultural productivity and enhance food security across the nation.

Minister of Agriculture and Food Security, Abubakar Kyari, disclosed this during the Quarterly Citizens and Stakeholders Engagement Session held on Friday in Abuja. He explained that a key priority for the ministry involves strengthening agricultural insurance and finance mechanisms by leveraging institutions such as the Nigerian Agricultural Insurance Corporation (NAIC), the National Agricultural Quarantine Service (NAQS), the Bank of Agriculture (BOA), and the National Agricultural Development Fund (NADF).

In the past two years, the Nigerian Agricultural Insurance Corporation has provided risk cover worth N700 billion to 199,275 farmers, generating N2.43 billion in premium income while paying out N200 million in claims to enhance farmers’ resilience. The newly announced credit facility aims to build on such efforts by supporting food production, improving mechanisation, and creating sustainable livelihoods.

The Minister emphasised that the ministry’s overarching mission is to accelerate growth in the agricultural sector by boosting productivity and creating economic opportunities. He described the stakeholder engagement session as a critical step toward ensuring transparency and incorporating public feedback into government programmes.

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Over the last two years, several initiatives have been implemented to strengthen the agricultural sector. These include the distribution of more than 1.9 million bags of fertilisers to nearly one million farmers, alongside 12,000 litres of organic fertilisers to promote sustainable soil management.

To combat the circulation of counterfeit fertilisers, the government has prosecuted offenders, constructed a National Reference Laboratory, and upgraded the National Fertiliser Management Platform to enhance quality control and transparency. Additionally, 109 fertiliser inspectors and over 329 industry stakeholders have received training on regulatory compliance.

International collaborations have also been established with Russia, Türkiye, India, and Canada to facilitate technology transfer and improve fertiliser production capacity. More than 3,500 farmers have been trained on organic fertilisers and soil management techniques to encourage sustainable agricultural practices.

The Agricultural Research Council of Nigeria (ARCN) has been driving transformative change through research and development, focusing on crop production and varietal improvement. The council has distributed 40 million cocoa seedlings aimed at revitalising the nation’s cocoa industry, supporting long-term plantation development and boosting export potential.

Meanwhile, the National Agricultural Development Fund (NADF) has recorded significant milestones over the past two years in advancing the agricultural sector.

Minister of Information and National Orientation, Mohammed Idris, described the engagement forum as a reflection of President Bola Tinubu’s governing philosophy rooted in transparency, participation, and accountability.

He stressed that governance must remain open and responsive to the people, adding that his ministry is committed to bridging the gap between policy decisions and public awareness. “Communication is not propaganda; it is accountability,” he said, noting that citizens should be well-informed and given the opportunity to provide feedback on government initiatives.

In his opening remarks, Permanent Secretary of the Ministry of Agriculture and Food Security, Marcus Ogunbiyi, underscored that transforming Nigeria’s agricultural and food systems is not merely an aspiration but an urgent national imperative.

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National patron, Moss Andishu condoles SWAN over the demise of two prominent sports journalists

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By Abdulgafar Oladimeji

 

The national patron of the Sports Writers Association of Nigeria, SWAN, Moses Andishu has commiserate with the Nigerian sporting press over the death of two prominent Nigerian sports writers.

It would be recalled that, Tonex Chukwu and Niyi Oyeleke breath their last within the span of 24 hours.

Tonex served as the image maker of two time back to back African club football champions, Eyimba fc International of Aba.

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Late Niyi Oyeleke former SWAN Lagos chairman, NTA sports reporter , until his demise was a contributing member of the Super Sports crew.

Tonex Chukwu, who nursed injuries sustained from an auto crash, which occurred on 14th February 2026, finally passed away.

Moses Andishu in a press statement issued by his country director for Nigeria, Joseph Andishu, on Wednesday evening in Kaduna, said “ with an heavy heart I send this condolence message to SWAN to offer you comfort, expressing my sympathy, and honor to the deceased veteran comrades , Late Tonex Chukwu and Niyi Oyeleke.

 

“ at this moments of grief, I offer my love, and support to my SWAN family, I am so sorry for your loss. You are in my thoughts and prayers.

“I am sending strength and love to all sports writers in Nigeria. My deepest condolences .

“I was so saddened to hear about the passing of Tonex Chukwu and Niyi Oyeleke. Within the span of hours in between they both transited to the great beyond .

“Words cannot express how sorry I am for the loss”.

“Sending you love and strength during this difficult times for the sports journalism fraternity in Nigeria.”

“may almighty God in His infinite mercies grant them eternal rest. Amen.”

“May the soul of all the departed, rest in peace .” Amen.

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