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Why retailers, marketers dump Dangote Refinery petrol for import – Stakeholders

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Petroleum Products Retailers and marketers have explained why petrol imports have persisted despite the Dangote Refinery and other local refineries’ production capacity.

The President, Petroleum Products Retail Outlet Owners Association, Billy Gillis-Harry and the former Chairman, Major Marketers Association of Nigeria, Tunji Oyebanji in an interview on Monday cited fear of healthy market competition, competitive pricing and inadequate petrol production capacity as reasons for the product’s continued import.

This comes amid the National Bureau of Statistics’ foreign trade data showing that petrol imports surged by 105 percent to N15.4 trillion at the end of 2024.

Similarly, the report indicated that fuel imports hit N930 billion in February 2025 alone, raising concerns among stakeholders in the country’s downstream sector.

Recall that the Nigerian Midstream and Downstream Petroleum Regulatory Authority said that Dangote Refinery, Port Harcourt and Warri refineries met only 50 percent of the national petroleum products consumption requirement in February 2025.

However, in a statement last month, the president of Dangote Refinery countered NMDPRA and insisted that the $20 billion Refinery can meet 100 percent of Nigeria’s 100 percent petroleum production requirements.

Nigerians are now left in limbo amid the controversy as NNPC said it has not imported petrol so far in 2025.

Meanwhile, Gillis-Harry and Oyebanji in their insights put clarity to the debate.

Speaking, Gillis-Harry insisted that petroleum retailers get their products from all sources, including Dangote Refinery, NNPC and import.

According to him, petrol retailers will continue to get fuel from sources with the best pricing to avoid a monopoly of the country’s petroleum downstream.

He frowned at a situation where the refinery would reduce fuel prices overnight without due consultation with its partners and retailers.

Gillis-Harry added that healthy competition and price stability must be guaranteed in Nigeria’s downstream sector for the good of Nigerians.

“Retailers are not running away from Dangote Refinery. We patronize every refinery, but we subscribe to full liberation so that we will not run a monopolized downstream sector.

“A situation where one refinery is shifting prices up and down without consideration of retailers is uncalled for.

“We cannot buy a product at N889, and over the night, the prices are dropped to N825, which is unfair.

“We continue to buy petrol from all sources that are profitable to us, either NNPCL, Dangote Refinery or through import”, he told DAILY POST.

On his part, Oyebanji explained that local refineries such as Dangote Refinery were not meeting 100 percent of domestic demand- the reason for fuel import to augment the vacuum.

According to him, if local refineries produced enough to meet the domestic market and with competitive prices, no right-thinking businessman would import.

“The report circulated today was for 2024. I don’t understand why it is being played up in the media as if it is new.

“Seems it is to advance a particular agenda. I don’t think local refineries are meeting 100 percent of local demand.

“So, to prevent shortages, some importation is being allowed, but to give the impression that such importation is growing isn’t correct.

“NNPCL, which has been the largest importer up to last year, has confirmed that they have not imported and yet someone is pushing this narrative.

“If local refineries produce enough to satisfy local demand and sell at a competitive price, then no right-thinking businessman will import”, he told DAILY POST.

Recall that earlier this month and last month, NNPC and Dangote refineries reduced petrol prices to between N860 and N880 per liter.

The development sparked a price war among the bigwigs in the country’s downstream sector, as Nigerians now buy petrol between N860 and N970 per liter nationwide.

On October 15, 2024, 650, 000 barrels per day, Dangote Refinery kicked off supply of petrol.

At the same, NNPC restarted petrol production at the Port Harcourt and Warri refineries in November and December 2024.

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Tanker explosion kills one, injures three in Lagos

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At least one person has died, with three others injured, in a tanker explosion on the Otedola Bridge in Lagos.

The tanker, laden with Premium Motor Spirit popularly known as petrol, burst into flames on Tuesday night, a situation that forced residents and motorists to scamper for safety.

The Permanent Secretary, Lagos State Emergency Management Agency, LASEMA, Femi Oke-Osanyintolu, confirmed the casualty figure in a statement.

“Three adult male victims with severe burns have been rescued and transferred to Gbagada General Hospital burns unit while the remains of an adult male were also recovered.

“All hands remain on deck to extinguish the flames. Motorists are urged to take alternative routes where possible,” Oke-Osanyintolu said.

Earlier, Oke-Osanyintolu said the agency’s Tiger Response Team was on the scene working to bring the situation under control.

He added that the road has been cordoned off, urging motorists to take alternative routes.

In the same vein, the Lagos State Traffic Management Authority, LASTMA, confirmed the accident in a statement.

LASTMA, in a post on X, said the fire affected nearby structures, including a church, residential house, and mechanics’ parks at Otedola under bridge, adjacent to CMD Road, adding that emergency responders were on ground to handle the situation.

“A tanker has fallen and caught fire, affecting nearby structures, including a church, residential house, and mechanics’ parks at Otedola Under Bridge, adjacent to CMD Road,” the statement read.

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Alleged sexual harassment: What Senator Natasha told UN Inter-Parliamentary Union

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Senator Natasha Akpoti-Uduaghan, the lawmaker representing Kogi Central, told the United Nations Inter-Parliamentary Union on Tuesday that she had been illegally suspended by the Nigerian Senate.

Natasha, who accused the President of the Senate, Senator Godswill Akpabio, of sexual harassment, was recently handed a six-month suspension over her alleged conduct in the Red Chamber.

Speaking at the Women in Parliament session held on Tuesday at the Inter-Parliamentary Union Meeting in New York, Senator Natasha described the suspension as illegal.

The lawmaker, who broke down in tears while delivering her report, demanded justice, saying she had been silenced.

She said, “I came with a heavy heart from Nigeria. I am not here to bring shame to our country but to seek help for the women in Nigeria.

“I was suspended illegally because I submitted a petition of sexual harassment against the President of the Nigerian Senate, Senator Godswill Akpabio.

“I was silenced and suspended. I was suspended for six months with many stringent conditions, such as the withdrawal of my security and all official vehicles assigned to me as a senator.

“My salary was cut off, and I was prohibited from appearing anywhere within the National Assembly. For six months, I must not introduce myself as a senator in Nigeria.

“I have nowhere else to turn but here. This is a clear case of political victimisation.”

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FCCPC slams MTN CEO with court summons over directives violation, presentation of incomplete documents

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On May 28, Mr. Karl Toriola, the Managing Director and Chief Executive Officer (MD/CEO) of MTN Nigeria Communications Plc, would be arraigned by the Federal Competition and Consumer Protection Commission (FCCPC).
In violation of the FCCPC Act, Toriola, MTN Nigeria Communications Plc, and others will be charged for allegedly failing to provide the commission with the information and documents it requested in response to a valid summons. Justice H.J. Yilwa of the Federal High Court in Abuja will arraign the firm and its CEO with Tobechukwu Okigbo, MTN’s Chief Corporate Services and Sustainability Officer, and Ikenna Ikeme, MTN’s General Manager, Regulatory Affairs.

According to the News Agency of Nigeria (NAN), MTN Nigeria Communications Plc, Toriola, Okigbo, and Ikeme were identified as the first, second, and fourth suspects, respectively, in the charge designated FHC/ABJ/CR/354/2024 by the FCCPC.

BrandSpur telecoma and information news reports that a group of attorneys led by Akoji Achimugu preferred the suspects with two counts in the charge, which was dated July 19, 2024, and filed July 22, 2024. They weren’t in court when the matter was called. Justice Yilwa questioned Chizenum Nsitem, an FCCP attorney, about the suspects’ location. Nsitem told the court that even though the arraignment of the defendants was the scheduled event, he had only been briefed on the case and would require additional time to review the case file. For arraignment, the judge postponed the case until May 28.

According to NAN, the Nigerian Copyright Commission (NCC) had previously charged MTN Nigeria Communications Ltd., its CEO Toriola, MTN Senior Executive Officer Nkeakam Abhulimen, telecommunications service provider Fun Mobile Ltd., and its CEO Yahaya Maibe. On March 20, 2024, the NCC filed the three-count accusation, which is currently before sister court Justice Inyang Ekwo and is marked FHC/ABJ/CR/111/2024.

Also read: https://brandspurng.com/2025/03/07/shettima-other-prominent-nigerians-attend-first-banks-40-storey-headquarter-launch-in-lagos/

Between 2010 and 2017, the defendants were accused by the prosecution of: “Offered for sale, sold and traded for business, infringed musical works of Maleke Moye, an artiste, without his consent and authorisation.”

Continuing, the commission said that the defendants have utilized Maleke’s sound recordings and musical compositions, known as “caller ring back tunes,” which are protected by copyright, without the artist’s consent. Among the musician’s allegedly infringed musical compositions and sound recordings are “911, Minimini-Wana Wana, Stop Racism, Ewole, 911 instrumental, Radio, Low Waist, and No Bother.”

In violation of the artist’s rights, they were also accused of unlawfully and without permission distributing the musical compositions to their subscribers. The third count claimed that the suspects possessed the artist’s sound recordings and musical compositions in their hands unless they were being used for domestic or personal purposes. Section 20 (2) (a) (b) and (c) of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004, are the penalties for the claimed offence, according to the copyright commission.

On February 25, Justice Ekwo postponed the case till May 15 for reporting after the Attorney-General of the Federation (AGF) expressed interest in taking over.

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