NEWS
Petrol Price Hike Looms As Dangote Refinery Raises Ex-Depot Rate

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The Dangote Petroleum Refinery on Friday increased its ex-depot price for Premium Motor Spirit (PMS) to ₦880 per litre.
Checks on petroleumprice.ng, a real-time tracker of fuel rates, and a Pro Forma Invoice obtained by The PUNCH confirmed the price hike, a jump of ₦55 from the previous ₦825 per litre.
Industry stakeholders warn that the increase will reverberate throughout the downstream supply chain, with pump prices expected to surpass ₦900/litre in several regions, particularly areas distant from major fuel depots.
Despite a drop in international crude oil prices, with Brent falling by 3.02% to $76.47, WTI to $74.93, and Murban to $76.97, the Dangote refinery says it is contending with higher operational costs and exchange rate instability, which continue to place upward pressure on pricing.
On Thursday, Aliko Dangote, President of Dangote Group, disclosed that his 650,000-barrel-per-day refinery is now “increasingly” reliant on imported crude oil from the United States.
Findings also revealed that the refinery plans to import a total of 17.65 million barrels of crude between April and July 2025, with 3.65 million barrels already delivered over the past two months.
The ongoing supply, insiders say, is part of allocations under the Federal Government’s naira-for-crude initiative.
Dangote, speaking during a session with the Technical Committee of the One-Stop Shop for crude and refined products in naira, admitted that his refinery is still grappling with domestic crude shortages, necessitating increased imports.
Meanwhile, labour leaders have slammed marketers for keeping petrol prices high despite favourable global trends.
On Monday, Festus Osifo, President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), accused oil marketers of exploiting Nigerian consumers.
“If you go online and check the PLAT cost per cubic metre of PMS, convert that to litres and then to our Naira, you will see that with crude at around $60 per barrel, petrol should be retailing between ₦700 and ₦750 per litre,” Osifo said.
He added, “If Nigerians bear the brunt of higher fuel costs, they should be allowed to enjoy the benefit of low pricing.”
Osifo’s warning of impending price hikes appears prescient in light of Friday’s new development.
Depot operators and fuel distributors across Lagos and other cities are already reacting to the hike, with sources indicating that new price bands will soon be adjusted to match Dangote Refinery’s revised rate.
Many marketers had delayed updating their prices since Tuesday after the refinery suspended sales and withheld fresh Pro Forma Invoices, a move that fuelled speculation and allowed for opportunistic markups across key depots.
NEWS
Kwara: PDP warns members against associating with coalition

Kwara State chapter of the Peoples Democratic Party (PDP) has warned members and supporters of the party not to associate with the coalition movement in the state.
A statement by secretary of the party, Abdulrahman Abdullahi Kayode, in Ilorin on Tuesday, disclosed that the party is aware of “attempts by certain individuals and political actors to lure our members and supporters into the newly formed coalition movement”.
“We wish to categorically state that the PDP, particularly in Kwara State under the leadership of Dr. Abubakar Bukola Saraki, has no affiliation whatsoever with the coalition being spearheaded by former Vice President Atiku Abubakar or any other group outside the established structure of our great party,” the statement stressed.
The party urged its members and supporters across the state to remain vigilant and not be deceived or misled by the antics of “stranded and unpopular” politicians who, having deserted the party, are now seeking relevance by falsely using Saraki’s name to win support for their new political adventure.
“These individuals had either left or were irrelevant within the party during the September 2024 local government elections, yet despite their absence, our party triumphed at the polls, a testament to the unwavering support we continue to enjoy from the people of Kwara State, regardless of the manipulation of results by the ruling party.
“If they are truly confident in their popularity and acceptance among the people, they should campaign based on their own track records and not hide behind the name and legacy of our leader,” the party declared.
The statement asserted that Saraki remains a proud and committed member of the PDP and is actively involved in efforts to reposition and unify the party in preparation for a successful outing in the 2027 general elections.
“The PDP in Kwara remains united, focused, and loyal to its ideals. We advise all our members to disregard any invitation or pressure to join the so-called coalition and remain steadfast under the banner of the PDP,” it added.
NEWS
Owolabi Salis becomes first Nigerian to travel to space

Owolabi Salis, a politician and lawyer, has become the first Nigerian to travel to space.
Salis was aboard the Blue Origin’s NS-33 mission, which took off from West Texas on Sunday, June 29.
The 10-minute flight, which crossed the Kármán line also had Carl Kuehner, Jim Sitkin, Leland Larson, Freddie Rescigno Jr., and Allie Kuehner on board.
It reached a peak altitude of 105.2 kilometres.
Salis, before embarking on the trip, said that the mission was “more than just a trip into space”.
He described it as a “spiritual journey, a call to inspire future generations”.
Salis has previously entered the history books as the first Black African to travel to both the Arctic and Antarctic in the same season.
NEWS
Lagos court jails pastor 25 years for having sex with biological teenage daughter

A 45-year-old man, Ndukwe Ogbu, who claimed to be a pastor, has been sentenced to 25 years in prison by the Ikeja Special Offences Court in Lagos.
The conviction stemmed from his sexual abuse of his biological daughter on multiple occasions when she was just 14 years old.
Delivering the judgment, Justice Olubunmi Abike-Fadipe held that the prosecution had proven the three-count charge of defilement, sexual assault, and sexual assault by penetration beyond reasonable doubt.
The court convicted Ogbu based on the testimonies of the victim, a medical expert, and a social worker, all of whom corroborated the allegations.
During sentencing, the judge noted that the convict did not show remorse, as his plea for leniency was based on having other children to care for.
“From the evidence before the court, the defendant is found guilty on all three counts. He is sentenced to three years’ imprisonment on count one and 25 years each on counts two and three. The sentences are to run concurrently and will take effect from December 2019, the date of his remand,” Justice Abike-Fadipe ruled.
The prosecution, led by the Lagos State Government, arraigned the convict in February 2021. The trial began in October of the same year, during which three prosecution witnesses testified, including the survivor, a social worker, and a medical doctor. The defendant testified alone in his defence.
The social worker, Femi Oyeleke, told the court that the matter was brought to his attention by a schoolteacher to whom the survivor had confided. He then reported the case to the police.
The survivor also gave detailed testimony, identifying Ogbu as her father and recounting how the abuse started when she was 14. She said he warned her not to tell anyone, but she eventually informed her teacher.
Ogbu denied all the allegations, maintaining that he was not present at the times stated by his daughter.
He acknowledged living in the same apartment but said the girl had her own room. He told the court that his wife had passed away when the children were young and that the others lived with their maternal grandmother in the village.
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