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Dangote Refinery Cuts Petrol Gantry Price by N75 Per Litre

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By Abigail David

Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by N75 per litre, citing easing tensions in the Middle East and declining global energy prices.

In a circular issued to fuel marketers on Monday, the refinery announced that the new gantry price had been lowered from N1,250 to N1,175 per litre, while the coastal price per metric tonne was reduced from N1,595,790 to N1,495,215.

The refinery said the revised prices would take effect from midnight and that all outstanding unloaded gantry volumes would be repriced accordingly.

According to the company, the adjustment followed the de-escalation of geopolitical tensions in the Middle East, which had driven up crude oil and fuel prices over the past three months.

“We have reviewed our premium motor spirit gantry and coastal prices following the de-escalation of tensions in the Middle East, which has impacted energy prices,” the refinery stated.

Market data from Petroleumprice.ng indicated that Dangote Refinery’s petrol is now among the cheapest available to marketers, with many outlets previously selling the product at around N1,240 per litre.

The price cut comes as global oil prices decline amid reports of a ceasefire agreement and renewed diplomatic efforts between the United States and Iran, raising hopes for the full reopening of the Strait of Hormuz, a critical global oil shipping route.

Crude oil prices had surged during months of regional tensions, pushing domestic fuel prices higher. In Nigeria, petrol prices climbed from about N830 per litre to around N1,300 per litre, while diesel and aviation fuel also recorded significant increases.

With crude prices retreating, industry observers expect further reductions in domestic fuel prices, although refinery officials have noted that existing stocks of higher-priced crude could moderate the pace of future price cuts.

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Nigeria Records First Export Under China’s Expanded Zero-Tariff Policy

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A Nigerian shipment of 252 metric tons of palm kernel shell activated carbon becomes the first cargo to enter the Hainan Free Trade Port under China’s newly expanded zero-tariff policy for African imports.

Haikou Customs confirmed on Wednesday that the consignment was the first to receive duty-free treatment since the new trade measure took effect on May 1, 2026.

The policy extends tariff-free access to goods imported from all 53 African countries that maintain diplomatic relations with China. The initiative is expected to strengthen trade between China and Africa by improving market access for African products, supporting industrial development and helping exporters navigate an increasingly protectionist global trading environment.

The expanded arrangement broadens China’s preferential market access for African exports. While 33 African countries classified as least developed nations have enjoyed duty-free treatment on all tariff lines since December 2024, the latest policy now covers the remaining 20 African countries through a preferential tariff scheme that will remain in force for an initial two-year period.

Chinese officials said the temporary arrangement is intended to facilitate negotiations on the proposed China-Africa Economic Partnership for Shared Development agreement. Once finalized, the agreement is expected to establish permanent institutional backing for the zero-tariff framework.

According to China’s Ministry of Commerce, the policy is designed not only to increase imports from Africa but also to stimulate greater investment in the continent’s manufacturing sector. By encouraging the flow of capital, modern technology, production equipment and management expertise, the initiative aims to expand local processing of African raw materials and increase the export of value-added products.

Officials believe the approach will contribute to a more balanced and sustainable trading relationship while creating new opportunities for African economies to move further up global value chains.

The development comes as economic ties between China and Africa continue to deepen. Data from China’s General Administration of Customs show that two-way trade reached an all-time high of 348 billion U.S. dollars in 2025. During the same period, Chinese imports from African countries rose by 5.4 percent year-on-year to 123 billion U.S. dollars, reflecting sustained growth in commercial exchanges between both sides.

The successful entry of the Nigerian shipment into the Hainan Free Trade Port is expected to encourage more African exporters to take advantage of the expanded duty-free access, opening new opportunities for trade, investment and industrial cooperation.

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Sahara Group Foundation Expands Recycling Network with New Hubs in Kaduna and Jigawa

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By Abigail David

Sahara Group Foundation has commissioned two new Sahara Go Recycling hubs in Kaduna and Jigawa states, expanding its waste management and recycling network in Northern Nigeria.

In a statement issued on Sunday, the Foundation said the facilities, located in Gidan Hakimi, Shuwarin Local Government Area of Jigawa State, and Asharami Retail Station in Badiko, Kaduna South Local Government Area, are its 21st and 22nd recycling hubs nationwide, and the second and third in Northern Nigeria.

According to the Foundation, the Jigawa hub was established in partnership with the King’s Council of Shuwarin, while the Kaduna facility was developed in collaboration with Asharami Synergy.

The Foundation said the initiative aims to transform waste into income-generating opportunities for households while promoting environmental sustainability.

Director of Sahara Group Foundation, Chidilim Menakaya, said the project reflects the organisation’s commitment to building community-driven recycling systems through strategic partnerships.

Community leaders and government officials attended the commissioning ceremonies, including Jigawa State Commissioner for Environment, Dr. Nura Doka, and Chairman of Shuwarin Local Government Area, Abdulhamid Balago.

The Foundation also announced plans to open another recycling hub in Kano State in the coming weeks following discussions with the Emir of Kano, Muhammadu Sanusi II.

According to Sahara Group Foundation, the Sahara Go Recycling initiative has facilitated the recycling of more than 1,000 tonnes of waste materials and has directly or indirectly supported over 2,000 livelihoods across Nigeria.

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Headline: NERC Trains Journalists on Nigeria’s Electricity Sector Reforms

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By Abigail David

The Nigerian Electricity Regulatory Commission (NERC) has concluded a three-day capacity-building workshop for energy correspondents and media practitioners aimed at improving public understanding of Nigeria’s electricity sector and promoting accurate, evidence-based reporting.

The workshop, held in Uyo, Akwa Ibom State, brought together journalists from across the country for training on electricity market reforms, consumer protection, stakeholder engagement and the transition to subnational electricity markets under the Electricity Act 2023.

In a statement issued on Thursday, NERC said the programme was designed to deepen journalists’ understanding of regulatory activities in the Nigerian Electricity Supply Industry (NESI) and strengthen the quality of electricity reporting.

The commission said participants received technical training on interpreting industry data, statutory reports and performance trends, alongside interactive sessions with NERC officials on regulatory developments, market reforms and consumer issues.

Speaking at the opening ceremony, the Commissioner for Research and Data Analytics, Dr. Fouad Animashaun, emphasised the importance of effective stakeholder engagement in supporting the ongoing transformation of Nigeria’s electricity sector.

According to NERC, the workshop also focused on strategic communication and evidence-based reporting to equip journalists with practical skills for covering the evolving electricity industry.

The commission urged participants to apply the knowledge gained to improve public understanding of electricity reforms and reaffirmed its commitment to strengthening collaboration with the media to promote transparency and consumer education.

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