JUST IN: Petrol Sells At N1065 In Abuja And N998 In Lagos After NNPC-Dangote Deal Collapse

Published

2 years ago

October 9, 2024

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JUST IN: Petrol Sells At N1065 In Abuja And N998 In Lagos After NNPC-Dangote Deal Collapse—-NNPC Limited retail stations and independent outlets started selling petrol as high as N1,065 per litre in Abuja, and N998 in Lagos among other new prices across Nigerian states, on Wednesday.

This price hike came after NNPCL ended its exclusive purchase deal with the Dangote Refinery, according to a Premium Times report.

The decision to set these new prices was reached through a joint review between NNPCL and independent fuel marketers.

Prior to this, Premium Times had revealed that NNPCL quit its exclusive supply deal with Dangote, paving the way for marketers to negotiate prices directly with the refinery.

The quoted prices are between N1,030 and N1,065 per litre in Abuja, N998 at NNPCL stations in Lagos, N1,025 in other southwest states, between N1,060 and N1,070 in northeastern states, and between N1,055 and N1,075 south-south states.

Since the Dangote Refinery began operations in May, its relationship with NNPCL has been rocky. According to Aliko Dangote, CEO of Dangote Group, NNPCL lost it’s 20% stake in the refinery after failing to meet financial obligations.

NNPCL later claimed it intentionally reduced its stake based on internal assessments.

There has also been some back-and-forth over petrol pricing. Dangote Group initially stated that NNPCL had full authority to set prices, but it retracted that statement.

The regulator quickly clarified that, in a deregulated market, prices are dictated by market forces, not NNPCL.

In July, the Federal Executive Council (FEC) stepped in, directing both parties to resolve their differences.

By September, NNPCL estimated that petrol prices would be N950.22 in Lagos and N992.22 in Abuja based on its negotiations with the refinery.

The estimated prices are based on negotiated terms between NNPC Ltd. and Dangote Refinery, which recognise current international gasoline prices and the prevailing foreign exchange rate in line with the provisions of the Petroleum Industry Act (PIA) 2021,” NNPCL said at the time.

“NNPC Ltd. can confirm that it is paying Dangote Refinery in US [dollars] for September 2024 PMS offtake, as naira transactions will only commence on October 1st, 2024. We reassure Nigerians that any discount from the Dangote Refinery will be passed on 100% to the general public.”

NNPCL began lifting petrol from Dangote Refinery on September 15, and the breakdown of their exclusive agreement has now influenced the latest price review.

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BREAKING: Saka Fires Arsenal Into First Champions League Final in 20 Years

Published

19 hours ago

May 5, 2026

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BREAKING: Saka Fires Arsenal Into First Champions League Final in 20 Years—-TCN reports that Arsenal have qualified for the 2026 UEFA Champions League final after a narrow victory over Atlético Madrid, with Bukayo Saka scoring the decisive goal.

Saka’s strike proved to be the difference as Arsenal secured a 1-0 win in the second leg, progressing 2-1 on aggregate following a 1-1 draw in Spain.

The result sees the North London club reach the Champions League final for the first time in two decades, marking a significant milestone in their European journey.

Arsenal will now face either defending champions Paris Saint-Germain or German giants Bayern Munich in the final scheduled for May 30.

This will be only the second Champions League final appearance in Arsenal’s history. Their first came in 2006, when they were narrowly defeated by FC Barcelona.

The Gunners will now be aiming to go one step further and claim their first-ever Champions League title.

Developing story…

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Entertainment

BREAKING: From Words to Ring: Lizzy Anjorin Accepts Iyabo Ojo Boxing Challenge

Published

2 days ago

May 4, 2026

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BREAKING: From Words to Ring: Lizzy Anjorin Accepts Iyabo Ojo Boxing Challenge—–Nollywood stars Iyabo Ojo and Lizzy anjorin set for potential showdown as rivalry takes new turn

Actress Lizzy Anjorin has accepted the boxing ring challenge issued by her colleague Iyabo Ojo, adding a new turn to their long running public dispute.

The development began after Iyabo Ojo shared a video of herself training and challenged Lizzy Anjorin to a boxing match. She also called on businessman Emeka Okonkwo, known as E-Money and music executive Soso Soberekon to sponsor the proposed fight.

Lizzy Anjorin responded by accepting the challenge and criticised Iyabo Ojo in her post, questioning public support and describing her as a certified failed actress with zero achievements.

She also asked Iyabo to set a date for the fight and insisted she was ready.

“ABEG MK WE START BETTING NOW
TEAM LAWAL OR TEAM SISI MAMA ???

“PAULO SIS MAMA AMBASSADOR BABY OIL I CHALLENGE YOU AND IYABO OJO SEPETERI THE CERTIFIED FAILED ACTRESS WITH ZERO ACHIEVEMENTS TO PICK A DATE FOR THE FIGHT
NA THAT RING FIGHT FIT GIVE ME THE REAL JUSTICE WEY I DEY LOOK FOR
NA WHY I NO DRAG U GO COURT THAT TIME
BUT I’M READY ANYWAY NOW
DOCTOR KAN
AMBULANCE KAN
POSI MEJI,” she said.

In another post, Lizzy Anjorin also reacted to Iyabo Ojo’s partner Paulo Okoye, over his suggestion that their disagreement should be settled in a boxing ring. She challenged him to a 10 round fight with her husband before any match involving her and Iyabo Ojo.

The latest exchange adds to a long running dispute between both actresses, which has played out publicly on social media over the years, with repeated back and forth comments and accusations.

At different points in the conflict, Iyabo Ojo had shared a video mocking Lizzy Anjorin, which escalated tensions between both sides. Lizzy later made allegations against Iyabo, leading to further public exchanges and legal threats.

Iyabo Ojo had demanded a public apology and threatened legal action over alleged defamatory statements, including a compensation claim.

In 2024, a Lagos court dismissed a 1 billion naira defamation suit filed by Iyabo Ojo against Lizzy Anjorin, marking a legal setback in one of their cases. The public disagreement between both actresses has however continued to resurface through online exchanges.

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