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Dangote Refinery Resumes Petrol Loading in Naira

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By David Torough, Abuja 

Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS), also known as petrol, in naira after a week-long suspension, ending uncertainty in the downstream sector over its temporary shift to dollar-denominated sales.

Investigations revealed that the refinery has fixed its new ex-depot (gantry) price at N1,215 per litre, representing an increase of N140 per litre, or 13.

02 per cent, from the previous price of N1,075 per litre.

The increase in the gantry price is directly linked to the sharp rally in global crude oil prices, which has raised the cost of producing refined petroleum products, including petrol, diesel and aviation fuel, heightening concerns over fresh fuel price hikes in Nigeria and other oil-importing countries.

Market data on Wednesday showed that Brent crude, the international benchmark against which Nigeria’s crude is priced, climbed 3.18 per cent to $93.90 per barrel, while West Texas Intermediate (WTI) rose 2.74 per cent to $86.65 per barrel.

The price adjustment also comes at a time when domestic petrol prices have already risen sharply following increases in ex-depot prices by major suppliers, raising fears of another round of increases at filling stations.

The resumption of naira-denominated truck loading is expected to improve product availability after supply disruptions caused by the suspension.

Industry sources confirmed that marketers had been notified of the resumption of gantry operations, with loading set to commence immediately under the revised naira pricing structure.

The development comes barely 24 hours after the 650,000 barrels-per-day refinery resumed coastal loading of petrol at a higher price.

Checks showed that the refinery increased its coastal loading price to $1,161.23 per metric tonne, from $1,044.62 per metric tonne, representing an 11.2 per cent increase.

The refinery’s return to naira pricing for truck loading follows several days of uncertainty in the downstream petroleum market after the suspension forced many independent marketers to source products from private depots.

The disruption tightened supply and pushed ex-depot petrol prices in Lagos to as high as N1,275 per litre, compared with Dangote Refinery’s previous gantry price of N1,075 per litre before sales were suspended.

Before halting product loading, Dangote Refinery attributed the suspension to challenges in securing adequate crude oil supplies under the Federal Government’s naira-for-crude initiative, prompting its temporary switch to dollar-denominated sales.

The refinery’s decision to restore naira transactions is expected to ease supply constraints in the inland market and improve the nationwide distribution of petroleum products.

Already, petrol prices at depots across Nigeria recorded fresh increases on Wednesday, while diesel prices surged sharply in several locations, signaling renewed cost pressures for fuel marketers and transport operators.

Mid-day depot price data for July 22, 2026 showed that the depot price of petrol, rising across major supply hubs including Lagos, Port Harcourt, Warri and Calabar, with some depots raising prices by as much as N87 per litre.

The sharpest increase was recorded at Bulk Strategic Reserve in Lagos, where the ex-depot petrol price jumped by N87 per litre to N1,350 from N1,263.

The increase places the depot among the highest-priced suppliers in the country and could influence retail pump prices if sustained.

Other Lagos depots posted more modest increases. Liquid Bulk, Masters Energy, Matrix and Sigmund all raised petrol prices by between N15 and N17 per litre to N1,280, while TSL did not quote a new price.

Meanwhile, fresh increases in the pump price of petrol, to an average of N1,350 per litre from N1,260 per litre across filling stations in Lagos and its environs have heightened concerns over the rising cost of living, with millions of Nigerians expected to face higher transportation, food and business costs.

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Makarfi Marks 70th Birthday Anniversary, Appreciates Massive  Solidarity  

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Former Governor of Kaduna State, Senator Ahmed Mohammed Makarfi, has said he didn’t bargain for the “deluge” of good will messages, which came his way on  his 70th birthday, on August 8.

In a statement at the weekend, the former National Chairman of Peoples Democratic Party(PDP) said  while it was “no doubt a privilege worthy of appreciation to attain the age of three scores and ten on August 8, 2026” he   was overwhelmed by the show of love from   different parts of the country and beyond.

“My attempts to write individualized responses to the thousands of messages have come to nought as I lose count of who and what messages to respond to.

 

“I take this opportunity therefore, to convey my most sincere and heartfelt gratitude and appreciation to the multitude of well wishers across all divides who have, in their various ways shared the momentous day with me. 

I, however, want to thank notably, Allah (SWT) for enabling the attainment as well as so many other favours that only He is capable of” he said in the statement to the media.

He appreciated President  Bola Ahmed Tinubu,    the Speaker, House of Representatives, Dr Tajuddeen Abbas,  Kaduna State Governor, Senator Uba Sani, members of the National Assembly, the set of 1999 governors and other former governors, His Highness Ambassador Ahmed Nuhu Bamalli, CFR, Emir of Zazzau and several other Emirs and Chiefs from both within and outside Kaduna State, leaders of various political parties, other political leaders as well as candidates to various offices across partisan divides, religious leaders, and friends and well-wishers, as stated   who he said either called or wrote goodwill messages to him.

“I equally appreciate the numerous youths and youth groups that took to the social media to felicitate with me.

I want to say that the various messages, many of which described me in superlatives that made me wonder as to who the references are, have humbled me but at the same time will serve as a tonic that gingers me to continue to give my best to support the unity, peace and progress of our country and its people” he stated.

He urged his friends, political associates and supporters to close ranks and confront the myriad of problems bedeviling the nation saying the challenges were surmountable with a strong will and spirit.

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NYSC Swears in 1,760 Corps Members in Bayelsa

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From Mike Tayese, Yenagoa

The National Youth Service Corps (NYSC) has sworn in a total of 1,760 Corps members for the 2026 Batch ‘B’ Stream two orientation exercise and mandatory one-year service in Bayelsa.

The swearing-in ceremony was held over the weekend at the NYSC Permanent Orientation Camp Kaiama, in Kolokuma/Opokuma Local Government Area of the state.

DAILY ASSET reports that the Chief Judge of the state, Justice Matilda Ayimieye, represented by Justice Inikade Eradiri, administered the Oath of allegiance on the corps members.

In his address, the state’s NYSC Coordinator, Samuel Pepple, said that 1,760 corps members registered for the mandatory orientation.

He noted that the corps members for the past two days, had started acclimatizing to their environment, in preparation to serve their fatherland. “I congratulate you today, as you people are responding to the parade amongst other things,” he said.

According to him, the orientation is to run for three weeks, after which corps members will be posted to their places of primary assignments.

He consequently, urged corps members to be of good behavior in all they do in the cause of their service to the state, and the nation at large.

The coordinator commended Gov. Douye Diri, for all the support he has been rendering to the Bayelsa NYSC, and also thanked invited guest and camp officials.

In his remarks, Gov. Diri who was represented by the Executive Assistant to the Governor on NYSC Matter, Wisdom Poyeri, noted that the orientation was necessary and important to national service.

Diri commended camp officials and urged corps members to be tolerant with one another, and exhibit unity during the exercise and beyond their service year.

He noted that the state government remained committed to their welfare and safety, and urged corp members to contribute positively to their places of primary assignments and beyond.

The governor urged them to conduct themselves with dignity and respect for one another, and shun any act of indiscipline amongst them but to embrace things that will make them a better people in the future.

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Tears Flow as Benue Buries 16 Victims Killed by Suspected Herdsmen

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From Attah Ede, Makurdi

Members of Efeyi community in Ugboju district in Otukpo Local Government Area of Benue State, on Saturday conducted a mass burial for 16 persons killed in a suspected armed herdsmen attack, as sorrows and tears gripped the community.

The victims were laid to rest in a solemn ceremony attended by family members, community leaders, traditional rulers, political and religious leaders, many of whom struggled to hold back tears as they paid their last respects.

Suspected armed herdsmen had invaded and launched an unprovoked attack on Efeyi community in Ugboju District of Otukpo Local Government Area of the State and killed 16 people.

The attackers were said to have stormed the community at about 5 a.m., shooting sporadically.

That incident is the second heavy attack in the area in recent months.

A resident of the community who identified himself as Ogboji Aboje, who attended the funeral, said the event was one of the saddest moments in the history of the community.

“The funeral was so touching. The atmosphere was full of sorrow. Tears were gushing. It was the saddest day for the people of the Efeyi community. May their souls rest in peace. Amen,” he said.

Prayers were offered by a Catholic priest before the eight victims, laid in white caskets, were lowered into graves dug side by side

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