Competition Begins as NNPCL Reduces Ex-depot Price of Petrol after Dangote's Rate Reduction
National oil company debunks stoppage of loading at Port Harcourt refinery Dangote partners MRS to reduce pump price to N935 Africa's richest man hails Tinubu on impact of naira-for-crude deal Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
The long-awaited competition in the downstream segment of the Nigerian
oil and gas sector may have finally started, with petrol retailers confirming yesterday that the Nigerian National Petroleum Company Limited (NNPC) has reduced the ex-depot price of
its petrol to N899 per litre, barely three days after the Dangote refinery announced a reduction to N899.50 per litre. Dangote Refinery is also partnering
with MRS Oil to reduce the pump price of petrol, just as the President of the Dangote Industries Limited, Aliko Dangote, attributed the reduction in prices of petroleum products in the
country to the naira-for-crude deal recently reached by stakeholders in the sector and commended President Bola Tinubu for the overall positive impact the deal is having on the
Nigerian economy. This is coming as the NNPCL has debunked a report that it Continued on page 5
Sunday, December 22, 2024 Vol 29. No 10844
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Real Reasons Why FG Projected Ambitious 15% Inflation in 2025 Budget Revealed… Page 6
Nigeria Refutes Allegations of Plotting to Destabilise Nigerien Government
Michael Olugbode in Abuja
The Federal Government of Nigeria has refuted the allegations that it had
planned to destabilise the military government in the Republic of Niger. There have been tensions in the relations between the two
neighbouring countries following the military coup in Niger in 2023, which also led Niger to sever ties with the Economic Community of
West African States (ECOWAS), the regional bloc. Nigeria’s President Bola Tinubu, serving as ECOWAS chair, with some
other presidents of West African countries had initially considered a regional military intervention to restore ousted President Mohamed
Bazoum. This led to two other countries Continued on page 5
Tinubu Orders Strict Enforcement of Crowd Control Measures as 39 Die in Anambra, FCT Stampedes
Cancels scheduled Lagos events in honour of victims Oyo, Abuja, Anambra stampedes signs of Nigeria’s systemic failures, says Obi Catholic Church, Kaigama, Obi Jackson Foundation mourn victims IG orders probe, police may prosecute organisers Sanwo-Olu, Wike direct distributors of palliatives to seek approval See story on page 5
THEIR EXCELLENCIES HONOUR THE NEWEST COUPLE…
L-R: Ogun State Governor, Prince Dapo Abiodun; Zamfara State Governor, Mr. Dauda Lawal; Wife of Sokoto State Governor, Fatima Aliyu; Groom’s father and Delta State Governor, Hon. Sheriff Oborevwori; the Groom, Mr. Clinton Oborevwori; his wife, Knowledge; Groom’s mother, Mrs. Tobore Oborevwori; representative of President Bola Tinubu and Minister of Aviation and Aerospace Development, Mr. Festus Keyamo (SAN); Adamawa State Governor, Ahmadu Fintiri; Plateau State Governor, Caleb Mutfwang; Taraba State Governor, Agbu Kefas; Wife of Abia State Governor, Mrs. Cecilia Otti; and Rivers State Governor, Siminalayi Fubara, with the newlyweds at the Living Faith Church, Asaba…yesterday