Connect with us

News

Dangote Refinery Makes Bulk Sales of PMS to NNPC, Salbas, NIPCO, and 10 Others

Published

on

Fuel Pump

 

Dangote Refinery has resumed the sale of Premium Motor Spirit (PMS), also known as petrol, to major marketers and depot owners under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The move represents a significant shift from the previous arrangement in which products were sold to all classes of buyers, including independent petroleum marketers.

Major marketers and depot owners cleared under the new model include Mobil/11 Plc, Total, Matrix, Rainoil, Nipco, Northwest, Ardova, Bovas, Pivot, AA Rano, AYM Shafa, NNPC ,SALBAS Oil & Gas Nigeria Limited ,Nipco plc and MRS.

Industry sources told Vanguard that the refinery has reverted to a controlled distribution structure similar to the framework introduced in October 2025, when only a limited number of major marketers were granted direct access to products.

An authoritative operator, who confirmed the development at the weekend, explained that the strategy is designed to allow depot owners and large marketers to moderate supply flows and influence market pricing more effectively, while independent oil marketers, including members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), will source products from depots

 

The Chief Executive Officer of Petroleumprice.ng, Olajide Jeremiah, who tracks downstream pricing trends, said the refinery’s gantry price remains unchanged at N 774 per litre.

“While the gantry price remains at ¦ 774 per litre, Dangote Refinery will no longer sell directly to independent petroleum marketers who typically purchase in smaller volumes,” he said.

Advert

Instead, only depot owners with established storage facilities and approved major marketers will be eligible to lift products. Approval now follows defined procedures. Buyers must operate functional depot infrastructure or qualify as recognised major marketers before receiving clearance.

The refinery will supply products through coastal vessel shipments, ship-based transactions and gantry loading for authorised buyers. Depot owners will then distribute products from their facilities and determine ex-depot prices.”

He added that early pricing signals suggest that ¦ 800 per litre could emerge as a new benchmark in Lagos, with Warri, Port Harcourt and Abuja trending around ¦ 820 per litre following recent adjustments at the depot level.

The National President of the Oil and Gas Services Providers Association of Nigeria (OGSPAN), Mazi Colman Obasi, described the development as positive.

This is a good arrangement and we hope that while deregulation remains in place, the government and operators will work toward sourcing more petroleum products locally from the refinery,” he said.

Another industry source noted that the move aims to reduce volatility and restore confidence across the downstream value chain, adding that the refinery had also reportedly absorbed losses during previous price fluctuations.

The idea is to create balance within the ecosystem. Dangote does not want depot businesses to collapse, and it also wants Nigerians to benefit from a more predictable pricing structure. It is about creating a win-win situation,” the source said.

Under the new arrangement, retail marketers will access products indirectly through depot channels rather than purchasing directly from the refinery.

Meanwhile, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Engr. Saidu Mohammed, on Thursday hosted a high-level meeting with wholesale suppliers of petroleum products at the Authority’s headquarters in Abuja.

The engagement brought together key downstream operators to deliberate on supply sufficiency, market stability, pricing transparency and regulatory compliance in Nigeria’s evolving petroleum market.

Wholesale suppliers commended the Authority for sustaining proactive dialogue with stakeholders and reaffirmed their commitment to compliance and industry best practices.

The meeting underscores NMDPRA’s continued efforts to strengthen transparency, efficiency and long-term sustainability in Nigeria’s midstream and downstream petroleum sectors.

Dangote Refinery’s sales model and the regulator’s intensified stakeholder consultations signal a coordinated push toward stabilising Nigeria’s downstream market amid full deregulation.

For independent marketers and retail outlets, the market has entered a new phase one in which depot owners and major marketers are expected to play a more central role in price formation and supply distribution nationwide.

 

News

State Police: 24 State Assemblies Approve Constitutional Amendment–Presidency

Published

on

 

By Yusuf Danjuma Yunusa

The Presidential Working Group on the National Policing Bill says 24 State Houses of Assembly have approved the Constitution (Sixth Alteration) Bill, 2026, providing for a dual policing system.

The approval meets the constitutional threshold of two-thirds of the 36 states required for the amendment to proceed.

The Working Group commended the State Houses of Assembly for their action and acknowledged the National Assembly for passing the amendment in both chambers.

Advert

This is contained in a statement issued by Femi Gbajabiamila, Chief of Staff to the president and chairman of the Working Group, on Friday in Abuja.

“In line with Section 9 of the Constitution, the amendment can now be returned to the National Assembly for transmission to Mr President for assent.”

Mr Gbajabiamila said the approval provided constitutional backing for the policing framework outlined in the Working Group’s draft National Policing Bill, 2026.

He added that the draft bills were undergoing legislative drafting, review and validation at the Federal Ministry of Justice.

The bills are expected to be returned on or before October 30, after which the Working Group will give them final consideration before presenting them to President Bola Tinubu.

The Working Group urged stakeholders to support a smooth transition to a dual policing system aimed at improving public safety.

Continue Reading

News

ECOWAS Court Faults Process Backed by Council of Ministers in Darma Removal Case

Published

on

 

The ECOWAS Community Court of Justice has ruled that the removal and replacement of former ECOWAS Commissioner for Internal Services, Prof. Nazifi Abdullahi Darma, were unlawful, overturning a process that culminated in his replacement being formalised by the Council of Ministers.

Darma disclosed the outcome while briefing journalists in Abuja on the Court’s recent judgment.

He said the dispute arose after a memorandum dated 30 October 2025 by the then President of the ECOWAS Commission, Dr. Omar Alieu Touray withdrew responsibilities previously exercised by Darma and initiated steps that eventually led to his replacement.

While Darma challenged the actions before the ECOWAS Court on 3 November 2025, the Federal Republic of Nigeria subsequently recalled him and nominated a successor.

The Council of Ministers later formalised the replacement.
However, the Court found that the legal requirements for ending his mandate had not been satisfied.

Advert

According to Darma, the Court held that the memorandum triggering the process was based on adverse allegations that affected his responsibilities and was issued without giving him an effective opportunity to respond.

“The Court found that these actions were taken without prior notice or an effective opportunity for me to respond,” he said.

The Court further ruled that managerial powers vested in the President of the Commission could not be used to extinguish or transfer responsibilities assigned by Community law to another statutory office.

Darma said the Court also rejected the argument that Nigeria’s recall automatically ended his tenure as Commissioner.

“Once appointed, a Commissioner derives his mandate from Community law and not from the nominating Member State,” he quoted the Court as holding.

The Court consequently declared that his removal and replacement were unlawful, notwithstanding the subsequent actions taken to formalise the change in office.

The judgment ordered the payment of outstanding salaries, allowances and accrued entitlements up to the expiration of his tenure and awarded him US$50,000 in general damages.
Because his tenure expired on 31 August 2026, the Court did not order reinstatement.

Describing the ruling as significant for regional governance, Darma said it reaffirmed that ECOWAS statutory office holders can only be removed through procedures recognised by Community law.

Continue Reading

News

Dangote Cement Gboko Commits Millions in Scholarship Scheme

Published

on

 

 

Dangote Cement Plc, Gboko Plant has awarded multi-million-naira scholarships to tertiary and secondary school students from its six host communities in Benue State.

The company also presented starter packs, working tools and certificates to graduates of its Youth Empowerment Programme to enable them to establish their own businesses, apply the skills acquired during the training and become financially reliant.

The Minister of Solid Minerals Development, Dr. Henry Dele Alake, lauded Dangote Cement Plc for its community development interventions, calling on other private sector players to adopt similar initiatives to promote socio-economic development in their host communities.

Dr. Alake, who was represented by the Federal Mines Officer of the Federal Ministry of Solid Minerals Development in Benue State, Engr. Achi Gregory, urged the company to sustain its commitment to implementing community development programmes agreed upon with its host communities.

Speaking at the official presentation ceremony, Group Head, Social Performance, Dangote Cement Plc, Mr. Wakeel Olayiwola, said the implementation of the Community Development Agreement underscores Dangote Cement’s commitment to equipping young people with practical skills and resources to promote entrepreneurship, create employment opportunities and improve livelihoods in its host communities.

Advert

Mr. Olayiwola, who was represented by the Head of Social Performance of the Dangote Cement, Gboko Plant, Dr. Johnson Kor, said the scholarship and youth empowerment programmes came against the backdrop of several other programmes recently executed by the company, which include farmers and women empowerment programmes.

The Acting Plant Director, Dangote Cement, Gboko, Engr. Arbind Singh, said: “This annual scholarship scheme for indigent students of the host communities is an indication of our company’s commitment to its Corporate Social Responsibilities (CSR).”

Engr Singh, who was represented by the company’s General Manager, Production, Engr Tabershima Soom, said: “The Gboko Plant has already launched 150 Women Empowerment Programme and 50 Farmerss Empowerment Programme where women were provided with cash to support their businesses, and farmers were supported with farm inputs.”

The beneficiary communities for these programs are: Tse-Kucha, Quarry, Amua, Mbazembe, Mbatur, and Pass Brothers.

Speaking on behalf of the Benue State Attorney-General, the Chairman of the Mineral Resources and Environmental Management Committee (MIREMCO), Barr. Dooshima Orosaga, commended Dangote Cement Plc for its compliance with the Community Development Agreement (CDA), urging the beneficiaries and host communities to maximise the benefits of the company’s interventions.

Chairman of the Gboko Local Government, Hon Yina Elias said the government will continue to provide the support needed for the company to succeed, adding that the Dangote Cement Plc is an exemplary company in Corporate Social Responsibilities programmes.

In his remarks, the District Head of Ukpekpe, Chief Tsegba Igbarumun, commended Dangote Cement Plc’s Gboko Plant for its contributions to the community, assuring the company of the community’s continued support.

He said the community valued its mutually beneficial relationship with the company and would continue to serve as its ambassadors.

A beneficiary of the Youth Empowerment Programme, Mr Ignatius Aondohemba, expressed appreciation to Dangote Cement Plc for the support, pledging to put the skills and resources provided to good use and build a business that would enable him to become an employer of labour.

Continue Reading

Trending