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Imported Fuel cheaper than Dangote – Marketers, plan to sell below N1,028/litre

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Oil marketers, on Friday, revealed that the price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased.

Based on this, the dealers vowed to import the commodity and sell it below the Dangote refinery price as well as the price being sold by the Nigerian National Petroleum Company Limited.

Data released by the Major Energies Marketers Association of Nigeria on Thursday showed that the landing cost of petrol was N978.01/litre as of October 31, 2024.

It stated that the landing cost of diesel was N1,069.97/litre, while that of aviation fuel was put at N1,119.67/litre.

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The landing cost of these white products is the unit price of the imported commodities on landing on Nigeria’s shores.

Since the Dangote refinery commenced the release of refined petroleum products domestically, it had refused to announce the cost of the commodity despite several demands for the price.

However, a major marketer, who spoke to one of our correspondents on condition of anonymity due to lack of authorisation to speak on the matter, confirmed that the cost of petrol from the Dangote refinery was higher than that of imported PMS.

According to the official, the refinery currently sells to oil marketers making bulk purchase at N1,015/litre and small buyers at N1,028/litre.

The major marketer also disclosed that three cargoes carrying petroleum products recently arrived and had been discharged at seaports along the nation’s borders.

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“Dangote is selling to bulk buyers at N1,015/litre, but to marketers who are not buying in bulk, the refinery is selling at N1,028/litre.

“But imported PMS is cheaper than the cost of Dangote’ own, and that is why he is doing all he can to ensure that the government stops the importation of fuel,” the dealer stated.

Commenting on the development, marketers under the aegis of the Petroleum Retail Outlet Owners Association of Nigeria vowed that they would sell imported petrol below the price offered by the Dangote refinery.

The association said its PMS would also be cheaper than that of the NNPCL.

The PETROAN Publicity Secretary, Dr Joseph Obele, however, told Saturday PUNCH that the price of Dangote PMS might be higher because the refinery was still producing with the imported crude it bought at a premium.

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He said the association had struck deals with some international fuel suppliers to import PMS at a good price, adding that the product would arrive in Nigeria at a price around N800/litre.

“PETROAN is an association, but we have incorporated our limited liability company called PETROAN Limited. We have got the licence from the Corporate Affairs Commission, and we have applied to the NMDPRA to licence us and give us authority to import. So, as we get that authority to import, I think we will import from the best market.

“And it is good also for the general public to understand that the landing costs in all the nations are not the same. PETROAN has got a partner from the international market, that the product will arrive here at close to N800/litre. So, since PETROAN has the best value for Nigerian citizens, we are calling on the regulatory agency to release our authority to import in no distant time so our first stock will come in.

“And we assure you that PETROAN will sell far less than Dangote. It will sell at prices far less than NNPC. Right now, NNPC is selling to us at N1,040/litre. PETROAN will not sell like that, because we have negotiated. And all our partners and foreign counterparts are on standby to make sure we give Nigerians the best value,” Obele said.

IPMAN urges fair pricing, stronger collaboration with Dangote Refinery
The associations spokesperson stated that he would not be able to disclose the exact quantity to be imported, but stressed that PMS imported by PETROAN would be cheaper.

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Obele explained that Dangote was only selling to NNPC directly, while NNPC sold to marketers.

“I am telling you that that the position of NNPC as a middleman is still active till tomorrow. NNPC has refused to announce how much Dangote is giving. Dangote has also refused to announce how much he is selling to NNPC. So, I think there is an agreement that they don’t announce it.

“All we know is how much NNPC is selling it to us. However, the transaction between the two is not in the public domain. NNPC has refused to mention it. And the general public has said, please make these things open,” he said.

Speaking on the landing cost of N978/litre, he emphasised that the landing cost differs from country to country.

“N978 to N1,000, that’s the landing cost. It was about N1,100 as of last month. But because of the drop in the selling price of crude oil in the international market, PMS has witnessed a downward review in the international market too. So, I think we should also witness a downward review,“ he said.

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When reminded that the NNPC just jerked up its price, Obele responded, “No, the issue we have is that the only functional refinery we have is the Dangote refinery. And Dangote has announced to everyone who wants to hear that the crude oil stock he is still working on was the one he bought from the international market; that the naira-for-crude stock, he has not started refining that. So, we don’t expect a downward review from someone who bought old stock when crude oil was selling for $80 and $78 per barrel.

“So, now that it has dropped to $72, we are not expecting to review the price automatically. Because you can put it to us that it is still trading with the old stock. But recently, the price of crude oil has dropped. We hope that whoever is buying the new stock of this new trade should review the price downward. But if what Dangote has used to refine the stock available is the old stock got when crude oil was still selling at $80 per barrel, we don’t expect him to review downward.

“Until the refinery commences production with the stock it just received last week in naira, that’s when people can criticise it. But at the moment, I think the selling rate reflects the former cost of crude oil.”

Meanwhile, the National Assistant Secretary of the Independent Petroleum Marketers Association of Nigeria, Yakubu Suleiman, also stated that the cost of Dangote petrol was higher than the imported commodity at the moment.

Suleiman, speaking in an interview with Arise TV, on Friday, stated that the price of fuel from Dangote refinery was higher than the cost of commodities imported.

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According to him, the price of petrol at Dangote refinery was set at around N995 and higher than other sources.

Suleiman also accused the Chief Executive Officer of the Dangote refinery, Aliko Dangote, of sidelining key stakeholders in its fuel supply strategy, claiming that limited engagement with independent marketers had hampered their ability to lift petrol from the facility.

When contacted, the Chief Corporate Communications Officer of Dangote Group, Tony Chiejina, said the figures being bandied were not correct.

He described reports on Dangote petrol price as fake news, wondering where they emanated from.

“This is fake news. People are just posting what they like,“ he said.

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Chiejina, however, declined to give the actual price.

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Enugu Building Collapse: How Mbah’s Swift Mobilisation Led to Rescue of Five Occupants

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The Director of the Enugu State Fire and Rescue Service, Chief Okwudili Ohaa, has said the swift mobilisation of emergency resources by Governor Peter Mbah led to the rescue of five occupants trapped in a collapsed building in Enugu metropolis.

The uncompleted four-storey building, located along Ogbaru Street, by Alvan Ikokwu Street, Independence Layout, Enugu, collapsed in the early hours of Sunday.

Ohaa told newsmen on Sunday that all five occupants of the building, as confirmed by the security guard on duty, were successfully rescued.

Ohaa

He said four of the occupants were rescued alive and conscious, although they sustained injuries, while the fifth person was rescued unconscious.

Ohaa commended Governor Mbah for his swift mobilisation of emergency response agencies, including the Red Cross, Enugu State Emergency Management Agency (SEMA), Enugu State Ambulance Services, the police and the Nigeria Security and Civil Defence Corps (NSCDC).

Other agencies and organisations at the scene included the National Emergency Management Agency (NEMA), Enugu Capital Territory Development Agency (ECTDA) and a Chinese construction company, which provided four heavy-duty cranes.

According to Ohaa, the governor alerted him about the incident early Sunday morning, prompting the immediate mobilisation of officers of the Enugu State Fire and Rescue Service to the scene with extrication equipment.

“His Excellency, Dr Peter Ndubuisi Mbah, must be commended for also mobilising adequate rescue equipment such as heavy-duty cranes, bulldozers and excavators, which ensured the rescue of the five persons,” he said.

Ohaa explained that rescue officers initially relied on information from the security guard to determine how many people were trapped in the building.

“As rescue officers, what we did was to ask the security man how many people were here. He said there were supposed to be six. One person had left before it happened.

“So, we were able at that initial time to rescue four persons. Out of the four, two sustained minor injuries and they were all rushed to a health facility for proper checks,” he said.

The Chief Fire and Rescue Officer said the fifth person was eventually recovered unconscious and taken to a health facility by the Enugu State Ambulance Services.

The NEMA Information Officer in Enugu, Mr Nnanyelugo Ezeani, also confirmed that five people were rescued.

He said the situation could have been worse because the state government had earlier sealed the construction site.

“One person among the six residing in the collapsed building was not on the site at the time of the incident, while five others were rescued and taken to the hospital,” Ezeani said.

Speaking on the incident, the Executive Chairman of the Enugu Capital Territory Development Agency (ECTDA), Mr Uche Anya, described the developer as one of those who failed to comply with building regulations.

Anya said the ECTDA had earlier taken regulatory action by sealing the site, which was originally approved in 2021.

“This property was approved in 2021 before the advent of this administration. But usually, we have a habit of stocktaking and checking on every construction at every stage.

“When I personally led the team that inspected here, we found out that there were serious integrity issues and non-compliance with their 2021 approval.

“I personally issued the first ‘stop-work order,’ which, due to the violation, resulted in our sealing the place over the last six months outrightly.

“So, I think within the last 30 to 40 days, the representative of the owner, whom they say lives abroad, has been interfacing with us to remedy the situation. This is the process that we are still trying to interface on, and it came down.”

Anya added that he had handed the owner’s representative over to the police to assist with the investigation.

“This is really a very unfortunate situation,” he said.

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Hotel Building Collapses in Enugu Kills One, Traps Workers

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A four-storey building under construction in Enugu has collapsed, killing at least one person and trapping several construction workers beneath the rubble.
The incident occurred on Sunday morning at the uncompleted structure, reportedly being developed as a hotel, causing panic among residents and passersby.
According to authorities, six workers were believed to have been sleeping inside the building when it collapsed. Four workers have so far been rescued, while the body of one victim has been recovered.
Authorities said one of the six workers reportedly left the site shortly before the collapse, raising hopes that fewer people may be trapped beneath the debris than initially feared.
The rescued workers were taken to the Enugu State Teaching Hospital for treatment.
Emergency responders, including the National Emergency Management Agency (NEMA), Nigerian Red Cross Society, Enugu State Emergency Management Agency (SEMA), Enugu State Capital Territory Development Authority and the police, are participating in the rescue operation.
The cause of the collapse has not yet been established, while rescue efforts continue at the scene.

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Reps Member Urges EFCC to Probe Cubana Chief Priest

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The member representing Ikwo/Ezza South Federal Constituency in the House of Representatives, Chinedu Ogah, has called on the Economic and Financial Crimes Commission (EFCC) and other anti-graft agencies to investigate the financial activities and source of wealth of socialite and businessman, Paschal Okechukwu, popularly known as Cubana Chief Priest.

Ogah, who is Chairman of the House Committee on Reformatory Institutions, made the call on Thursday at a press conference in Abakaliki, Ebonyi State.

The lawmaker said the businessman’s financial dealings should be subjected to scrutiny regardless of his public profile.

“I am urging the EFCC to thoroughly investigate him, investigate his bank accounts, investigate all the things he does,” Ogah said.

He also accused Cubana Chief Priest of undermining President Bola Tinubu’s political fortunes in the South-East ahead of the 2027 general elections.

Ogah questioned the socialite’s claim to political influence in Ebonyi State and challenged him to make his membership card of the All Progressives Congress (APC) public.

The lawmaker further criticised recent comments attributed to Cubana Chief Priest on social media in which he reportedly called for the resignation of Ebonyi State Governor, Francis Nwifuru.

Ogah demanded that the comments be withdrawn and followed by an apology, warning that legal action could be taken if the businessman failed to comply.

“Who is Cubana Chief Priest? What is his address that gives him the impetus to speak against our governor, the most performing governor in Nigeria?” he asked.

According to Ogah, Cubana Chief Priest had no electoral mandate to speak on behalf of Ebonyi State or demand the resignation of its elected governor.

He also questioned the businessman’s political influence, noting that he had previously contested an election in Imo State but failed to secure the party’s primary ticket.

Ogah alleges plot against Nwifuru

The lawmaker further alleged that unnamed political actors were sponsoring campaigns aimed at discrediting the Nwifuru administration and weakening the APC ahead of the 2027 elections.

He defended the state’s security architecture, particularly the Commissioner of Police, Hope Okafor, against what he described as an orchestrated campaign for her removal.

Ogah urged the Nigeria Police Force, Department of State Services (DSS) and other relevant agencies to investigate those behind the alleged campaign and determine whether any law had been breached.

“All of us can attest to the peace and security we enjoy in Ebonyi State. The Army, the police, the Civil Defence and the DSS are doing marvellously well in Ebonyi State,” he said.

Lawmaker accuses Otu of mobilising protesters

Ogah also accused another critic of the state government, Charles Otu, of allegedly mobilising people from outside Ebonyi State to participate in a protest against the government in Abuja.

He claimed that some of those involved were presented as Ebonyians despite allegedly coming from other states.

Ogah said his lawyers had previously petitioned the DSS over allegations involving Otu and urged the agency to investigate the matter.

He also challenged Otu to substantiate allegations he allegedly made against him during an appearance on Arise Television.

“My own is that whosoever defaults the law, we take it legally. I cannot mention who I have not known. But when we get there, it is for the security agencies to investigate,” Ogah said.

Ogah lists Nwifuru’s achievements

Defending the Nwifuru administration, Ogah cited the state government’s scholarship programmes, school construction, road projects and other development initiatives as evidence of the governor’s performance.

He said hundreds of Ebonyi indigenes had benefited from postgraduate scholarships in Nigeria and abroad, while roads and schools were being constructed across the state’s 13 local government areas.

Ogah also praised Nwifuru for what he described as political tolerance, saying opposition parties had been allowed to operate freely in the state.

He argued that the people of Ebonyi should determine their political leadership through the ballot rather than through media campaigns and protests.

“Ebonyi people will choose who is their leader. They should stop using the media to castigate the governor,” he said.

Questions Nwifuru’s omission from Tinubu campaign council

The lawmaker also questioned the reported omission of Governor Nwifuru from President Tinubu’s campaign council, describing it as an error that should be corrected.

“How can a governor that has done much in APC not be included in the campaign council? How can a governor that is elected under the APC not be included?” Ogah queried.

He maintained that Nwifuru’s political influence and the APC’s electoral performance in Ebonyi made him an important stakeholder in Tinubu’s 2027 re-election campaign.

Ogah warned political actors against using the media to destabilise the state and urged all parties to pursue their grievances through legal and democratic channels.

The lawmaker, who is also the Ebonyi State Coordinator of the Tinubu Support Group (TSG), was accompanied by other members of the group at the press conference.

He reiterated his call for security agencies to investigate the various allegations raised and take appropriate action against anyone found to have violated the law.

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FCC Urges Enugu Youths to Prepare for Federal Job Opportunities

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The Federal Character Commission (FCC) has urged youths in Enugu State to disregard the belief that federal government jobs and other opportunities are already allocated before they are advertised.
FCC Executive Chairman, Hulayât Motunrayo Omidiran, gave the charge on Thursday at the International Conference Centre, Enugu, during the Peter Eze Enugu Youth Connect 2026.
Omidiran urged the youths to acquire relevant skills, embrace technology and actively pursue legitimate opportunities, stressing that federal character should promote both equity and merit.
She also warned against fraudulent recruitment schemes and advised applicants to authenticate employment opportunities before applying.
The Enugu State Deputy Governor, Ifeanyi Ossai, represented by the Secretary to the State Government, Prof. Chidiebere Onyia, challenged young people to prepare themselves for available opportunities.
Onyia said government could create opportunities, but individuals must develop the capacity to take advantage of them.
The FCC Commissioner representing Enugu State, Peter Ogbonna Eze, said the programme was designed to bridge the information gap preventing young people from accessing federal employment, scholarships, grants, fellowships and training opportunities.
Eze said many youths were discouraged from applying for federal jobs because of the misconception that such positions had already been shared among influential individuals.
He urged them to apply whenever legitimate opportunities were advertised, warning that nobody should pay money to secure a federal government job.
He also disclosed that five participants in the programme would be selected for a full scholarship opportunity.
Eze said the initiative would continue as a platform for connecting Enugu youths with credible opportunities and urged participants to become “ambassadors of opportunity” by sharing useful information with others.
The event brought together youths and stakeholders from across Enugu State to discuss federal representation, employment, education, skills development and other opportunities.

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Enugu: Iji Nike Sets Sept 13 For New Yam Festival

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By Chinedu Sabastine

ENUGU — Umuchigbo Iji Nike Autonomous Community in Enugu East Local Government Area of Enugu State has fixed Sunday, September 13, 2026, for its annual New Yam Festival.

The cultural celebration, which is scheduled to commence at 3 p.m., is being organised under the leadership of the Executive Chairman of Umuchigbo, Hon. Chief Afam Joseph Ogbene, popularly known as Akirika Chioku 1, Na Nike Kingdom.

The festival is expected to showcase the rich cultural heritage and traditions of the people of Umuchigbo and Umuenwene in Iji Nike Autonomous Community, while promoting unity and communal bonding.

Ogbene, in an invitation to the festival, described the celebration as an opportunity for the people to preserve their cultural heritage, strengthen community ties and give thanks for the year’s harvest.

He said, “Our New Yam Festival is more than a cultural celebration. It is a time for us to come together as one people, appreciate our heritage and give thanks for the blessings of the year.”

According to him, the event will also provide an opportunity for sons and daughters of the community, as well as friends and well-wishers, to reconnect and celebrate together.

“We are inviting everyone to come and celebrate with us. It is a celebration of our culture, our community and thanksgiving for the new yam season,” he added.

According to the invitation, activities will commence at Ogbene’s residence on Akirika Chioku Avenue, Nome Ogba Aniji Road, Umuchigbo, before proceeding to Obodoeze Iji Village Square, Odangene, for the New Yam rites and masquerade display.

The event will also feature traditional cuisine, music and other forms of cultural entertainment.

The organisers urged sons and daughters of Umuchigbo, friends, well-wishers and members of the public to join the community in celebrating the festival.

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