Trending News: APPEAL COURT REAFFIRMS JULIUS ABURE AS LABOUR PARTY NATIONAL CHAIRMANPOLICE AUTHORITIES SUSPEND ASSISTANT INSPECTOR GENERAL OF POLICE, STOP SALARYFG SPEAKS ON INCREASE IN PETROL PRICEDANGOTE REFINERY ANNOUNCES NEW PETROL PRICE, LITRE NOW SELLS N955 AT LOADING POINTNATIONAL ASSEMBLY SETS N2.5TRN REVENUE TARGET FOR FIRSEX- FIRST BANK CHAIRMAN, OBA OTUDEKO, SUDDENLY LEAVES NIGERIA AS EFCC CLOSES INICPC TO ARRAIGN EL RUFAI’S EX-APPOINTEES OVER ALLEGED N64M FRAUDSUPREME COURT DOCUMENT REVEALS NO RECORD OF EX-LAGOS SPEAKER OBASA’S LEGAL ENROLLMENTLANDMARK GROUP PARTNERS WITH ENUGU STATE TO REVAMP NIKE LAKE RESORTTEARS AS TRUCK CRASHES INTO RESIDENTIAL BUILDING, KILLS NINE FAMILY MEMBERS IN BENUECOURT ACQUITS EZE IGBO ACCUSED OF TERRORISMNIGERIAN MILITARY BLAMES FOREIGN FIGHTERS FOR RESURGENCE IN TERRORISTS ACTIVITIESFORMER FIRST BANK MD ONASANYA, OBA OTUDEKO TO BE ARRAIGNED OVER N12.3BN FRAUDPOLICE TAKE OVER PDP SECRETARIAT IN RIVERS STATEPOPE FRANCIS FALLS, SUFFERS BRUISES ON RIGHT ARMGOVERNORS REJECT INCREASE IN VAT, BACK TAX REFORM BILLSNIGERIANS DESERVE HARDSHIP THEY’RE GOING THROUGH – APOSTLE SULEMANNNPCL REMITTED N10TRN TO FEDERATION ACCOUNT IN 2024 – KYARIWIKE REVOKES GOVS, POLITICAL BIGWIGS, PROMINENT NIGERIANS’ LAND IN ABUJASOLDIERS, CIVILIANS MISSING AS TERRORISTS AMBUSH RECOVERY TEAM FOR CORPSES OF 40 SLAIN FARMERS IN BORNOWHY SANUSI IS AGAINST US – FEDERAL GOVTNIGERIANS TO PAY 60% MORE FOR CALLS, DATA – MINISTERFG TO SPEND N8BN ON REORIENTATING NIGERIANS ON PAYMENT OF ELECTRICITY BILLSPASSENGER DIES ABOARD AIR FRANCE FROM PARIS TO BOSTONTINUBU GOVT TO GRANT PRESIDENTIAL PARDONS, INAUGURATES ADVISORY COMMITTEEDOGS ATTACK, KILL NIGERIAN WOMAN IN ITALYNGOZI EZEONU, VETERAN NOLLYWOOD ACTRESS, SLAMS UPCOMING ACTRESSES – HOW CAN YOU COME HERE WITHOUT BRA?GROUPS URGE SUPREME COURT TO REVIEW JUDGMENT IN A MULTI-MILLION DOLLARS CONTRACTUAL DISPUTEWHY I WILL NOT HELP TINUBU’S GOVT – EMIR SANUSIWIKE BAGS THISDAY NEWSPAPER, ARISE TV MINISTER OF THE YEARDEPUTY CHIEF WHIP OF HOUSE OF REPS, ADENWUNMI ONANUGA, IS DEADAGAIN, SECURITY OPERATIVES ARREST MAHDI SHEHUWIKE’S PARTICIPATION IN APC GOVT REASON FOR PDP CRISIS – EX-PARTY PUBLICITY SCRIBEINVESTIGATE IMPEACHED LAGOS SPEAKER, OBASA – PDP, LP TELL EFCCPOPE FRANCIS RECOUNTS GROWING UP IN AUTOBIOGRAPHY, SAYS I REMEMBER MY SINS AND I AM ASHAMEDLIEUTENANT COLONEL PATRICK CHUKWUMA ‘KADUNA’ NZEOGWUFG CLOSES ABUJA ROADS FOR ARMED FORCES REMEMBRANCE DAY CELEBRATIONTODAY IS NIGERIAN ARMED FORCES REMEMBRANCE DAYSENATE APPROVES SOUTH EAST DEVELOPMENT COMMISSION NOMINEESWIKE SIGNS 5,481 C-OF-O IN ONE YEAR, FCT LAND ALLOTTEES GET TITLE DOCUMENTS IN TWO WEEKSPOLICE INVITE CATHOLIC NUNS, ONYE EZE JESUS RELEASED BY KIDNAPPERS FOR INFORMATIONSIMON EKPA’S ARREST REDUCES TENSION IN SOUTHEAST – CHIEF OF DEFENCE STAFF, MUSAVEHICLE FLEEING KIDNAPPERS PLUNGES INTO RIVER, EXPATRIATE, OTHERS MISSINGNERC GIVES ENUGU, THREE OTHER STATES NOD TO COMMENCE ELECTRICITY GENERATION, TRANSMISSION, DISTRIBUTION$225M DEBT: FIRST BANK SPEAKS ON LEGAL TUSSLE WITH OBAIGBENA’S GHLCBN FINES NINE BANKS N150M EACH FOR FAILING TO DISPENSE CASH VIA ATMSJANUARY 1966: A MORNING OF MURDER, MAYHEM AND CARNAGEWE’LL PRIORITIZE PASSAGE OF TAX REFORM BILLS – SPEAKER, ABBAS19 WEDDING GUESTS DIE IN ROAD CRASH IN PLATEAUUZODINMA HAPPY WITH REMOVAL OF OIL SUBSIDY, SAYS STATES NOW GET MORE MONEYPOLICE DEMAND APOLOGY FROM AMNESTY INTERNATIONAL OVER PROTEST REPORTHOW YAHOO BOY BEHEADED ABUJA CORPS MEMBER PACKED DISMEMBERED BODY IN BAG – POLICEABDUCTED ANAMBRA REVEREND SISTERS REGAIN FREEDOMMARKETERS RAISE PRICES OF PETROL BY 4.75% AT DEPOTSTHE MANY SINS THAT COST FORMER LAGOS SPEAKER, OBASA, HIS SEATARTHUR NZERIBE, THE MAN WHO BROUGHT DOWN GOVERNMENTS IN NIGERIA AND GHANANASS QUERIES JAMB FOR SPENDING N1.85BN ON MEALS, INSECTICIDE, OTHERSNATIONAL UNION OF PENSIONERS LAUDS TINUBU OVER 20% INCREASE IN BASIC PENSIONSENUGU GOVERNOR, PETER MBAH, APPROVES UPWARD REVIEW OF CUSTOMARY COURT JUDGES’ SALARIESHOW BOKO HARAM’S NEW STRATEGY PRODUCED 60,000 CHILD FIGHTERS – CDSLAWYER WHO LED PROSECUTION AGAINST TRUMP RESIGNS, FLEES USBOKO HARAM KILLS 40 FARMERS IN BORNO, DOZENS MISSINGFUBARA WINS AS COURT NULLIFIES RIVERS PDP CONGRESSESLAGOS LAWMAKERS IMPEACH SPEAKER AMID MULTIBILLION-NAIRA FRAUD ALLEGATIONPROTEST AT PDP HEADQUARTERS OVER TUSSLE FOR NATIONAL SECRETARY POSITIONLAGOS-CALABAR COASTAL ROAD MISSING IN 2025 BUDGETFG ACCUSES NNPCL OF FINANCIAL IRREGULARITIES, DIVERT N2.68TRN, $9.77MUNTIL PRICE OF FUEL IS AFFORDABLE THERE IS NOTHING TO REJOICE ABOUT RESUMPTION OF REFINERIES – KENNETH OKONKWOHOW ABACHA REBUFFED CARTER’S EFFORTS TO SECURE MY FREEDOM – OBASANJOFIVE GOVERNORS MAY DUMP PARTY AHEAD 2027TINUBU WASN’T ELECTED BY NIGERIAN PEOPLE, HE WAS SELECTED BY ELECTORAL COMMISSION, INEC – SOWORESERAP DRAGS TINUBU, 36 GOVERNORS TO ECOWAS COURT OVER MISUSE OF CYBERCRIMESMANY FEARED KILLED IN ZAMFARA AIRSTRIKEKANO EMIRSHIP TUSSLE: BAYERO REJECTS APPEAL COURT JUDGEMENT: HEADS TO SUPREME COURTGHANA’S NEW PRESIDENT REDUCES MINISTRIES FROM 30 TO 23 TO SAVE COSTALLURING PLACES OF INTEREST IN ENUGU STATE, BY ONYEKACHI EZEARMED HERDSMEN KIDNAP THREE SOLDIERS, 35 PASSENGERS ON ENUGU-NSUKKA ROADCOURT ORDER BARRING ME FROM OHANAEZE ELECTION A HOAX – EX-IGP, OKIRO29-YEAR-OLD MAN ARRESTED FOR KILLING MOTHER FOR RITUALSHOW AGGRIEVED PASSENGER GROUNDED ABUJA-BOUND AIRCRAFT LEFT TRAVELLERS STRANDEDECONOMIC ACTIVITIES RETURN TO SOUTH EAST AFTER YULETIDEFRANCOPHONE AFRICA IS ABANDONING FRANCE. WHAT WENT WRONG?FG, 21 STATES TO EYE N2.5TN VAT REVENUE IN 2025FG BEGINS DIRECT ALLOCATIONS TO LGS THIS MONTHENUGU RANGERS STILL FANNING THE FLAMESENUGU MONARCH SUSPENDED OVER ILLEGAL MININGIPMAN OPTIMISTIC OF IMMINENT DROP IN FUEL PRICESLESSONS FROM OHANAEZE NDIGBO ELECTION, BY ATIKU ABUBAKARNATIONAL GRID TRIPPED OFF, DIDN’T COLLAPSE – TCNHOW POOR REGULATION OF INSTANT PAYMENT SYSTEM FUELS CRIMINALITY IN NIGERIANIGERIAN ARMY REDEPLOYS SENIOR OFFICERSIDOLATRY FASTEST GROWING RELIGION IN SOUTH EAST – SOLUDO, URGES CHRISTIAN LEADERS TO SALVAGE THE SITUATIONSACKED PDP NATIONAL SECRETARY, ANYANWU, RISKS JAIL AS COURT ISSUES LAST WARNINGDESPITE BORROWING OVER $3.2BN, NIGERIA’S POWER GENERATION REMAINS AT 4500MWEFCC INVITES OKOYA BROTHERS OVER NAIRA ABUSE IN VIRAL VIDEONIGERIA FOOLING ITSELF OVER BORDER CLOSURE – NASSMASS KIDNAPPINGS: SOUTH-EAST TOPS RANSOM PAYMENTS, ACCOUNTS FOR 40% NATIONWIDEPOLICE ARREST CONTRACTOR OVER N1.09BN FRAUD IN ENUGURIVERS GOVERNOR, SIM FUBARA, CHALLENGES AZUTA-MBATA OVER ELECTION AS OHANNAEZE PRESIDENTNORTH-SOUTH CATTLE TRADE DECLINES BY 50 PERCENT
Sat. Jan 18th, 2025
Trending News: APPEAL COURT REAFFIRMS JULIUS ABURE AS LABOUR PARTY NATIONAL CHAIRMANPOLICE AUTHORITIES SUSPEND ASSISTANT INSPECTOR GENERAL OF POLICE, STOP SALARYFG SPEAKS ON INCREASE IN PETROL PRICEDANGOTE REFINERY ANNOUNCES NEW PETROL PRICE, LITRE NOW SELLS N955 AT LOADING POINTNATIONAL ASSEMBLY SETS N2.5TRN REVENUE TARGET FOR FIRSEX- FIRST BANK CHAIRMAN, OBA OTUDEKO, SUDDENLY LEAVES NIGERIA AS EFCC CLOSES INICPC TO ARRAIGN EL RUFAI’S EX-APPOINTEES OVER ALLEGED N64M FRAUDSUPREME COURT DOCUMENT REVEALS NO RECORD OF EX-LAGOS SPEAKER OBASA’S LEGAL ENROLLMENTLANDMARK GROUP PARTNERS WITH ENUGU STATE TO REVAMP NIKE LAKE RESORTTEARS AS TRUCK CRASHES INTO RESIDENTIAL BUILDING, KILLS NINE FAMILY MEMBERS IN BENUECOURT ACQUITS EZE IGBO ACCUSED OF TERRORISMNIGERIAN MILITARY BLAMES FOREIGN FIGHTERS FOR RESURGENCE IN TERRORISTS ACTIVITIESFORMER FIRST BANK MD ONASANYA, OBA OTUDEKO TO BE ARRAIGNED OVER N12.3BN FRAUDPOLICE TAKE OVER PDP SECRETARIAT IN RIVERS STATEPOPE FRANCIS FALLS, SUFFERS BRUISES ON RIGHT ARMGOVERNORS REJECT INCREASE IN VAT, BACK TAX REFORM BILLSNIGERIANS DESERVE HARDSHIP THEY’RE GOING THROUGH – APOSTLE SULEMANNNPCL REMITTED N10TRN TO FEDERATION ACCOUNT IN 2024 – KYARIWIKE REVOKES GOVS, POLITICAL BIGWIGS, PROMINENT NIGERIANS’ LAND IN ABUJASOLDIERS, CIVILIANS MISSING AS TERRORISTS AMBUSH RECOVERY TEAM FOR CORPSES OF 40 SLAIN FARMERS IN BORNOWHY SANUSI IS AGAINST US – FEDERAL GOVTNIGERIANS TO PAY 60% MORE FOR CALLS, DATA – MINISTERFG TO SPEND N8BN ON REORIENTATING NIGERIANS ON PAYMENT OF ELECTRICITY BILLSPASSENGER DIES ABOARD AIR FRANCE FROM PARIS TO BOSTONTINUBU GOVT TO GRANT PRESIDENTIAL PARDONS, INAUGURATES ADVISORY COMMITTEEDOGS ATTACK, KILL NIGERIAN WOMAN IN ITALYNGOZI EZEONU, VETERAN NOLLYWOOD ACTRESS, SLAMS UPCOMING ACTRESSES – HOW CAN YOU COME HERE WITHOUT BRA?GROUPS URGE SUPREME COURT TO REVIEW JUDGMENT IN A MULTI-MILLION DOLLARS CONTRACTUAL DISPUTEWHY I WILL NOT HELP TINUBU’S GOVT – EMIR SANUSIWIKE BAGS THISDAY NEWSPAPER, ARISE TV MINISTER OF THE YEARDEPUTY CHIEF WHIP OF HOUSE OF REPS, ADENWUNMI ONANUGA, IS DEADAGAIN, SECURITY OPERATIVES ARREST MAHDI SHEHUWIKE’S PARTICIPATION IN APC GOVT REASON FOR PDP CRISIS – EX-PARTY PUBLICITY SCRIBEINVESTIGATE IMPEACHED LAGOS SPEAKER, OBASA – PDP, LP TELL EFCCPOPE FRANCIS RECOUNTS GROWING UP IN AUTOBIOGRAPHY, SAYS I REMEMBER MY SINS AND I AM ASHAMEDLIEUTENANT COLONEL PATRICK CHUKWUMA ‘KADUNA’ NZEOGWUFG CLOSES ABUJA ROADS FOR ARMED FORCES REMEMBRANCE DAY CELEBRATIONTODAY IS NIGERIAN ARMED FORCES REMEMBRANCE DAYSENATE APPROVES SOUTH EAST DEVELOPMENT COMMISSION NOMINEESWIKE SIGNS 5,481 C-OF-O IN ONE YEAR, FCT LAND ALLOTTEES GET TITLE DOCUMENTS IN TWO WEEKSPOLICE INVITE CATHOLIC NUNS, ONYE EZE JESUS RELEASED BY KIDNAPPERS FOR INFORMATIONSIMON EKPA’S ARREST REDUCES TENSION IN SOUTHEAST – CHIEF OF DEFENCE STAFF, MUSAVEHICLE FLEEING KIDNAPPERS PLUNGES INTO RIVER, EXPATRIATE, OTHERS MISSINGNERC GIVES ENUGU, THREE OTHER STATES NOD TO COMMENCE ELECTRICITY GENERATION, TRANSMISSION, DISTRIBUTION$225M DEBT: FIRST BANK SPEAKS ON LEGAL TUSSLE WITH OBAIGBENA’S GHLCBN FINES NINE BANKS N150M EACH FOR FAILING TO DISPENSE CASH VIA ATMSJANUARY 1966: A MORNING OF MURDER, MAYHEM AND CARNAGEWE’LL PRIORITIZE PASSAGE OF TAX REFORM BILLS – SPEAKER, ABBAS19 WEDDING GUESTS DIE IN ROAD CRASH IN PLATEAUUZODINMA HAPPY WITH REMOVAL OF OIL SUBSIDY, SAYS STATES NOW GET MORE MONEYPOLICE DEMAND APOLOGY FROM AMNESTY INTERNATIONAL OVER PROTEST REPORTHOW YAHOO BOY BEHEADED ABUJA CORPS MEMBER PACKED DISMEMBERED BODY IN BAG – POLICEABDUCTED ANAMBRA REVEREND SISTERS REGAIN FREEDOMMARKETERS RAISE PRICES OF PETROL BY 4.75% AT DEPOTSTHE MANY SINS THAT COST FORMER LAGOS SPEAKER, OBASA, HIS SEATARTHUR NZERIBE, THE MAN WHO BROUGHT DOWN GOVERNMENTS IN NIGERIA AND GHANANASS QUERIES JAMB FOR SPENDING N1.85BN ON MEALS, INSECTICIDE, OTHERSNATIONAL UNION OF PENSIONERS LAUDS TINUBU OVER 20% INCREASE IN BASIC PENSIONSENUGU GOVERNOR, PETER MBAH, APPROVES UPWARD REVIEW OF CUSTOMARY COURT JUDGES’ SALARIESHOW BOKO HARAM’S NEW STRATEGY PRODUCED 60,000 CHILD FIGHTERS – CDSLAWYER WHO LED PROSECUTION AGAINST TRUMP RESIGNS, FLEES USBOKO HARAM KILLS 40 FARMERS IN BORNO, DOZENS MISSINGFUBARA WINS AS COURT NULLIFIES RIVERS PDP CONGRESSESLAGOS LAWMAKERS IMPEACH SPEAKER AMID MULTIBILLION-NAIRA FRAUD ALLEGATIONPROTEST AT PDP HEADQUARTERS OVER TUSSLE FOR NATIONAL SECRETARY POSITIONLAGOS-CALABAR COASTAL ROAD MISSING IN 2025 BUDGETFG ACCUSES NNPCL OF FINANCIAL IRREGULARITIES, DIVERT N2.68TRN, $9.77MUNTIL PRICE OF FUEL IS AFFORDABLE THERE IS NOTHING TO REJOICE ABOUT RESUMPTION OF REFINERIES – KENNETH OKONKWOHOW ABACHA REBUFFED CARTER’S EFFORTS TO SECURE MY FREEDOM – OBASANJOFIVE GOVERNORS MAY DUMP PARTY AHEAD 2027TINUBU WASN’T ELECTED BY NIGERIAN PEOPLE, HE WAS SELECTED BY ELECTORAL COMMISSION, INEC – SOWORESERAP DRAGS TINUBU, 36 GOVERNORS TO ECOWAS COURT OVER MISUSE OF CYBERCRIMESMANY FEARED KILLED IN ZAMFARA AIRSTRIKEKANO EMIRSHIP TUSSLE: BAYERO REJECTS APPEAL COURT JUDGEMENT: HEADS TO SUPREME COURTGHANA’S NEW PRESIDENT REDUCES MINISTRIES FROM 30 TO 23 TO SAVE COSTALLURING PLACES OF INTEREST IN ENUGU STATE, BY ONYEKACHI EZEARMED HERDSMEN KIDNAP THREE SOLDIERS, 35 PASSENGERS ON ENUGU-NSUKKA ROADCOURT ORDER BARRING ME FROM OHANAEZE ELECTION A HOAX – EX-IGP, OKIRO29-YEAR-OLD MAN ARRESTED FOR KILLING MOTHER FOR RITUALSHOW AGGRIEVED PASSENGER GROUNDED ABUJA-BOUND AIRCRAFT LEFT TRAVELLERS STRANDEDECONOMIC ACTIVITIES RETURN TO SOUTH EAST AFTER YULETIDEFRANCOPHONE AFRICA IS ABANDONING FRANCE. WHAT WENT WRONG?FG, 21 STATES TO EYE N2.5TN VAT REVENUE IN 2025FG BEGINS DIRECT ALLOCATIONS TO LGS THIS MONTHENUGU RANGERS STILL FANNING THE FLAMESENUGU MONARCH SUSPENDED OVER ILLEGAL MININGIPMAN OPTIMISTIC OF IMMINENT DROP IN FUEL PRICESLESSONS FROM OHANAEZE NDIGBO ELECTION, BY ATIKU ABUBAKARNATIONAL GRID TRIPPED OFF, DIDN’T COLLAPSE – TCNHOW POOR REGULATION OF INSTANT PAYMENT SYSTEM FUELS CRIMINALITY IN NIGERIANIGERIAN ARMY REDEPLOYS SENIOR OFFICERSIDOLATRY FASTEST GROWING RELIGION IN SOUTH EAST – SOLUDO, URGES CHRISTIAN LEADERS TO SALVAGE THE SITUATIONSACKED PDP NATIONAL SECRETARY, ANYANWU, RISKS JAIL AS COURT ISSUES LAST WARNINGDESPITE BORROWING OVER $3.2BN, NIGERIA’S POWER GENERATION REMAINS AT 4500MWEFCC INVITES OKOYA BROTHERS OVER NAIRA ABUSE IN VIRAL VIDEONIGERIA FOOLING ITSELF OVER BORDER CLOSURE – NASSMASS KIDNAPPINGS: SOUTH-EAST TOPS RANSOM PAYMENTS, ACCOUNTS FOR 40% NATIONWIDEPOLICE ARREST CONTRACTOR OVER N1.09BN FRAUD IN ENUGURIVERS GOVERNOR, SIM FUBARA, CHALLENGES AZUTA-MBATA OVER ELECTION AS OHANNAEZE PRESIDENTNORTH-SOUTH CATTLE TRADE DECLINES BY 50 PERCENT
Sat. Jan 18th, 2025

NNPCL REMITTED N10TRN TO FEDERATION ACCOUNT IN 2024 – KYARI

th 2024 11 26T230547.693 5

NNPCL REMITTED N10TRN TO FEDERATION ACCOUNT IN 2024 – KYARI

The Nigerian National Petroleum Company Limited has remitted N10 trillion to the federation account, making it the highest taxpayer in the country and the only company in Nigeria that publishes 100% of its account statements annually.

This is according to the Group Chief Executive Officer, Malam Mele Kyari, who stated this on Wednesday during a presentation on NNPCL’s 2024 revenue performance and 2025 projections to the National Assembly’s joint committee on Finance.

The NNPCL boss also called for a forensic audit of the funds spent by NNPCL on fuel price stabilization and ensuring uninterrupted petrol supply between January and September 2024.

“Until October 1, 2024, NNPCL, as mandated by the Petroleum Industry Act (PIA), acted as the supplier of last resort for fuel supply.

“A forensic audit is needed to determine the financial obligations of NNPCL and any owed entities. Our transactional accounts are transparent and published annually, reinforcing our status as the top taxpayer and the highest contributor of royalties and dividends”, he said.

Regarding the company’s 2025 revenue projections, Kyari indicated that a definitive figure would be provided after the upcoming board of directors meeting in two weeks.

He assured the committee that the parameters for the 2025 budget were both realistic and achievable.

In a related development, the National Assembly raised the 2025 projected revenue for the Nigerian Ports Authority to N1.75 trillion, underscoring the need for increased revenue generation across key government agencies.

    • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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    DANGOTE REFINERY ANNOUNCES NEW PETROL PRICE, LITRE NOW SELLS N955 AT LOADING POINT

    DANGOTE REFINERY ANNOUNCES NEW PETROL PRICE, LITRE NOW SELLS N955 AT LOADING POINT In response to a sustained increase in the price of Brent crude, the global benchmark, the Dangote Petroleum Refinery, has announced a new price list for its customers for Premium Motor Spirit (PMS), commonly referred to as petrol or fuel.In a statement reportedly disseminated via email on Friday, The PUNCH quoted Dangote Refinery to have revealed that the new price for its refined products will be set at ₦955 per litre at the loading gantry, indicating a revision in its pricing framework The refinery specified that marketers purchasing between 2 million and 4.99 million litres will be charged ₦955 per litre, while those acquiring 5 million litres or more will benefit from a slightly lower rate of ₦950 per litre. This adjustment represents an increase of ₦55.5, or 6.17 per cent, from the ₦899.50 per litre price that was offered as a holiday discount to Nigerians in December of the previous year. The new pricing structure will apply to all stock balances that have not yet been lifted by the specified time, and any pending stock as of the effective time will also be subject to the revised rates. The statement further indicated that this new pricing regime will come into effect at 5:30 PM today. The notice titled, “Communication on PMS Price Review” read, “Dear Esteemed Customer, Trust this email finds you well. “Kindly be advised that effective from 5:30 PM today, an upward adjustment has been implemented on the gantry price of Premium Motor Spirit. Quantity: Previous Price (NGN/Litre)2 million-9.99 million -N899.5010 million Litres & Above N895Quantity: New Price (NGN/ Litre)2 million – 4.99 million N9555 million Litres & Above N950“Please note that all stock balances yet to be lifted as at the above-stated time are to be repriced at the new reviewed prices. “We shall communicate with customers on their revised volumes based on the reviewed prices, in due course.” Naija News reports that the anticipated rise in prices is likely to significantly impact the downstream petroleum industry, especially private depots and retail markets. An oil and gas specialist, Olatide Jeremiah, told newsmen that depots are expected to raise the loading prices of refined petroleum products due to the substantial influence exerted by the refinery. Jeremiah, who is the Chief Executive Officer of Petroleum Price.ng, said, “Dangote Refinery’s influence on Fuel price has become unmatched; private depots, Major marketers, and independent Marketers will compete with this new price. Therefore, Nigerians should expect an increase in Petrol Pump Price. “Brent Crude oil as of today is $81.84, highest in 2025, its one major factor for the increase.” On Thursday, the Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, disclosed that the price of crude oil in the international market remains a significant force in driving the fluctuations in the pump prices of petrol. He said the downstream sector is now fully deregulated, and the government is no longer involved in setting prices.

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