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

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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.

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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.

 

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Kano Gov Abba Kabiru Yusuf bags international sports award in UK

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Kano state governor, Abba Kabir Yusuf , Saturday was honoured in the United Kingdom for his commitment and support to sports development in the state.

 

Our correspondent reports that the award presentation ceremony took place at the Feel Good Too , Ive Farm sports arena located at the Pavilion Walk in London.

The patron W O. Sports, Moses Andishu , while making the presentation, said the award is aimed at appreciating the governor for his consistency towards the development of sports in Kano.

Moses who doubles as SWAN national patron said “this is our token way of saying kudos to mr governor and our aim is to encourage him to do more for the growth of the industry .

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He added that “ we have noticed the reforms been carried out in Kano Pillars football club , we are aware of the efforts ongoing at the Kano state Sports Commission, KSSC and Kano Pillars is taking a new shape again, the state various sports teams now honor national invitations to major competitions, this is worth encouraging.

“we are very much aware of the plans by the governor, who is investing massively in the area of the provision of infrastructure, likewise we have seen investments made to renovate and upgrade major sports facilities, in the state, we just want to say thank you to his excellency and encourage him to invest more in sports

 

The special adviser to the governor on Youths and Sports, Sani Musa Danja , who received the award on behalf of the state governor said , “we are very delighted and happy, his excellency does not joke with anything that has to do with the development of the youths and he has always assured that he will always do everything possible to support the growth of Kano youths.

“I receive this award on behalf of his excellency with humility and honour for my governor , eng Abba Kabiru Yusuf, his works testify for his passion and commitment to sports development, his agenda is to always ensure Kano athletes competes amongst the best of the best by providing all the requirements that is needed for the state to excel in sports , and be rest assured that with my governor in charge sports development will always remain on the burner of the Kano First Agenda.

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President Tinubu Salutes Hon. Kabir Bichi, Chair Appropriation Committee Of The House Of Representatives On His 45th Birthday

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President Bola Ahmed Tinubu celebrates the Chairman, House of Representatives Committee on Appropriation, Hon. Abubakar Kabir Bichi, on his 45th birthday today.

President Tinubu describes Hon. Bichi, who represents Bichi Federal Constituency of Kano State, as a vibrant, resourceful and dedicated lawmaker whose commitment to legislative duties and national development stands out.

President Tinubu remarks: “ As Chairman of one of the most strategic committees of the House, Hon. Bichi has demonstrated uncommon capacity, grit, and leadership in steering the consideration, scrutiny, and passage of the nation’s annual budget, a role central to implementing the Renewed Hope Agenda.

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“I commend him for his effective representation of his constituents and his impactful interventions in education, infrastructure, and youth empowerment, which have endeared him to his people.

“Bichi has distinguished himself since his first election to the House in 2019, where he served as Chairman of the House Committee on Works in the 9th Assembly and now as Chairman of Appropriation in the 10th Assembly.

“ As he marks his birthday today, I urge him to rededicate himself to serving his people and his fatherland.

“ And I pray to Almighty God to continue to bless him with good health, wisdom and strength.”

Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
October 3, 2026

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Yari Urges North to Respect Power Rotation, Back Tinubu’s 8-Year Presidency

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The Director-General of the APC Presidential Campaign Council, Senator Abdul Aziz Yari Abubakar, has called on Nigerians in the North to respect the informal power-rotation arrangement and allow President Bola Ahmed Tinubu to complete his constitutionally permitted eight-year tenure.

Yari made the call while addressing journalists at the Kano Government House after a meeting with Kano State Governor Abba Kabir Yusuf.

The former Zamfara State governor said the North should understand and respect the political arrangement that brought the presidency to the South in 2023, arguing that the presidency had been held by a northerner for several years before the emergence of Tinubu.

Yari said, “66 years ago since independence, the country was led by northerners for 47 years,” adding that Nigerians should recognise the importance of maintaining unity and understanding how the country’s political system operates.

According to him, Nigeria remains a country that all citizens must work together to protect, regardless of regional or political differences.

“As we love this country, we don’t have any country other than Nigeria. Nigerians should come and understand how this country works. It is also better than many nations,” Yari said.

The APC chieftain explained that his role as Director-General of the campaign council was not limited to promoting President Tinubu but also included promoting national unity and understanding among Nigerians.

Yari said the current political arrangement should be respected, noting that former President Muhammadu Buhari, a northerner, governed the country between 2015 and 2023 before power shifted to Tinubu from the South in 2023.

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“Having said this, this country, Nigeria, from 2015 to 2023 was led by a northerner, and now from 2023 to 2026 it is led by a southerner,” he said.

He therefore appealed to northerners not to seek to overturn the existing zoning arrangement on the basis of the region’s population, saying the political understanding was important for national stability.

“If we say we want to uproot the zoning arrangement because of our numbers, then my call for northerners is to understand how it works. They even understand more than I do,” Yari said.

He acknowledged that President Tinubu’s administration, like every government, was not perfect, but argued that the challenges facing Nigeria should not solely be attributed to the administration.

“Nobody is perfect. The southerners have also experienced what we are complaining about today when President Buhari was in power,” he said.

Yari also argued that insecurity was not peculiar to Nigeria, saying countries across the world, including the United States, continue to grapple with security challenges despite their level of development.

“On problems, no problem of a country is solved by any government, including even in the United States. They are managing insecurity as we are managing it,” he said.

The APC campaign council director-general further cited gun violence in Chicago as an example of the security challenges faced by other countries, stressing that every nation has its own problems that require continuous efforts to address.

Turning to the economy, Yari said Nigerians should assess the Tinubu administration based on economic indicators and compare the situation at the time the president assumed office in 2023 with the current position.

“When you look at when Asiwaju Bola Ahmed Tinubu came to power in 2023, go and check what was the state of our reserves and what it is today, and what was the rate of inflation in 2023 and what it is today,” he said.

Yari maintained that the administration was making efforts to address the country’s economic and security challenges, while acknowledging that governments at both federal and state levels were working to improve the situation.

He urged Nigerians, particularly those in the North, to give the political arrangement time, arguing that the presidency would return to the region after Tinubu’s tenure if the existing rotation principle was maintained.

“I am calling on northerners to note that by the time Bola Ahmed Tinubu finishes in 2031, it will definitely come back to the North. So, this is how the arrangement is,” Yari said.

He added that federal and state governments were making efforts to address the challenges confronting the country and urged Nigerians to support measures aimed at strengthening national unity and development.

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