Business
85% Of Imported Vehicles Vandalised, Agents Allege
Published
2 years agoon
By
Editor
Clearing agents operating in the country’s maritime industry have said that 85 per cent of imported used vehicles were vandalised by both the shipping companies and terminal operators.
The agents, who spoke separately with The PUNCH in Lagos on Wednesday, said the worsening situation had led to massive job loss by practitioners, as most of their clients had stopped giving them jobs.
The Youth Leader of the Association of Nigerian Licensed Customs Agents, Tincan Island Chapter, Remilekun Saliu, told our correspondent that a lot of agents had been arrested and brutalised because of this issue.
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“Many agents have been arrested and brutalised because of the issue of missing parts that were caused by the terminals/shipping companies. A lot of professionals have lost valuable importers as a result of these problems.”
Explaining further, he said that 85 per cent of vehicle keys and sensors brought into the country sometime in March by a vessel, Grande Cameroon, were stolen.
Saliu also said that the agents on several occasions had written several times to the management of the terminals and nothing had been done.
He said, “In Grande Lagos that just berthed on April 2, 70 per cent of the vehicles discharged have been vandalised. The majority of them do not have keys and the funniest part is that the clearing agents are the ones that bear the brunt.”
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Also speaking, the Deputy National President of the National Association of Government Approved Freight Forwarders, Ugochukwu Nnadi, said, “In Grimaldi what we have is not vandalism it is pilfering. They still have the keys, especially these exotic cars that are controlled by remote. So, it is actually happening.”
Another clearing agent who simply gave his name as Leke, said a Toyota Camry 2020 model that came into the country through Grande Cameroon had the complete sensor key stolen.
He said he had complained and nothing had yet been done about it.
“We are tired of the operation of Grimaldi on the issues of missing items. 70 per cent of vehicles in Grande Cameroon were all missing sensors. And on Grande Lagos, a lot of parts were also missing. The worst part is the importers failed to understand that it is not our fault. It is what the terminal delivers to us that we are going to deliver to them. We plead with the management of PTML terminals to beef up their security because we are losing importers on a daily basis.”
Reacting, the General Manager of PTML, Mr Tunde Keshinro, urged the agents to come up with the details of the affected vehicles, adding that it will be difficult for him to respond to mere allegations.
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Business
NNPCL Reduces Fuel Price After Dangote Refinery’s Adjustment
Published
2 weeks agoon
August 14, 2025By
Editor
The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday, according to DAILY POST.
It was confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945.
This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza, Central Area, Wuse Zone 4, Wuse Zone 6, and other of its filling stations in the nation’s capital.
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The latest downward review of fuel price in NNPCL outlets represents an N55 reduction in fuel pump price.
“It was reduced to N890 per litre this afternoon, down from N945,” an NNPCL fuel attendant told DAILY POST anonymously on Thursday.
This comes a Nigerian filling station, MRS Empire Energy, on Thursday adjusted their fuel pump price to N885 and N946 per litre, down from N910 and N955 per litre.
The latest fuel price reduction trend is unconnected to Dangote Refinery’s ex-depot petrol price adjustment by N30 to N820 per litre from N850 and the price of crude oil in the international market.

Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly known as petrol, by N30, from N850 to N820 per litre, effective from August 12, 2025.
This was disclosed in a statement by the company’s spokesman, Anthony Chijiena, on Tuesday.
The 650,000-barrel-per-day plant said the move is part of its unwavering commitment to national development, assuring the public of a consistent and uninterrupted supply of petroleum products.
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“In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 CNG-powered trucks for fuel distribution across Nigeria, effective August 15, 2025,” said Chijiena.
The announcement comes as the refinery prepares to commence direct fuel distribution nationwide. The development is expected to lead petroleum product marketers to reduce their pump prices in the coming days.
In Abuja, the retail fuel price stood between N885 and N970 per litre as of Tuesday evening.
Business
Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US
Published
2 weeks agoon
August 11, 2025By
Editor
India Refineries have abandoned Russian crude for Nigerian crude, while domestic refiner Dangote Refinery relies heavily on West Texas Intermediate crude from the United States of America.
This followed a recent sanction threat by US president Donald Trump on India over continued patronage of Russian crude.
According to Reuters, industry sources said that Indian Oil Corporation recently bought one million barrels of Nigeria’s Agbami crude for September 2025 delivery in a tender awarded to global trader Trafigura.
Also included are one million barrels of Angola Girassol, one million barrels of US Mars, three million barrels of Abu Dhabi Murban, and two million barrels of Nigerian oil, according to Reuters.
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The report noted that the purchase is part of a broader sourcing spree that has seen Indian refiners secure millions of barrels from non-Russian sources post July 2025.
Meanwhile, Indian refiners secured purchases of Nigerian crude grades; the $20bn Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, is relying on around 60 percent on US and other imoorts to feed its processing units.
Data showed that the refinery imported an average of 10 million barrels in July 2025, saying it was increasingly relying on the US for its feedstock despite the naira-for-crude deal with the Federal Government, which kicked off in October last year.
According to Reuters, the Indian Oil Corp and Bharat Petroleum have bought a million barrels of non-Russian crude billed for delivery in September and October after the US pressured India to halt purchases from Russia.
READ ALSO:
Indian state refiners had been largely absent from the Nigerian crude market spotlight since 2022; they have in the past concentrated on Russian crude amid the Russian-Ukrainian war. However, the Indian refiners paused Russian purchases in late July 2025 after pressure from US President Donald Trump.
On the part of Dangote Refinery, data from commodities analytics firm Kpler showed that in July, US barrels accounted for about 60 percent of Dangote’s 590,000 barrels per day of crude intake, with Nigerian grades making up the remaining 40 percent.
In July, the Dangote refinery’s crude imports surged to a record 590 kbd—driven largely by US barrels overtaking Nigerian supply for the first time—amid ongoing domestic sourcing challenges, Kpler reports.
“While WTI has held a significant share in Dangote’s import slate since March, this is the first time US crude has overtaken Nigerian supply—a shift driven by several factors,” Kpler stated.
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