News
Likely Price For Dangote Petrol Revealed

Hopes for cheaper Premium Motor Spirit (PM), otherwise known as petrol, rose, last night, as indications emerged that the product may sell for between N857 and N865 per litre after the Nigerian National Petroleum Corporation Limited (NNPCL) starts lifting the product from Dangote Refinery today.
It was learnt that the NNPCL, as the sole off-taker of petrol from the refinery, is projected to lift the product at N960/N980 per litre and sell to marketers at N840/N850 to enable Nigerians to get it at between N857 and N865 at the pump at filling stations.
However, whether uniform product prices would apply at filling stations nationwide was unclear.
As of yesterday, petrol sold at N855 per litre at NNPCL retail stations in Lagos and it was the cheapest anyone could buy the product while major marketers sold around N920.
At independent marketers’ outlets, the price was over N1,000.
Elsewhere across the country, PMS sold for more than N1,200 per litre.
Negotiations
Sources said the new arrangement from the NNPCL and Dangote Refinery negotiations, spanning more than one week, would allow Nigerians to get petrol at between N857 and N865 per litre and represents an average under-recovery of about N130 to NNPCL.
READ ALSO: NNPCL, Dangote In Marathon Meetings Over Petrol Pricing
President Bola Tinubu, Vanguard was made to understand by a Presidency source, made it clear to the negotiating parties that “the price at which petrol would be sold to Nigerians should not be such that would place heavy financial burden on them while dealing with the new reality of the prevailing price”.
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has, meanwhile, expressed optimism that the deal would reduce the pressure on foreign exchange (FX) demands and shore up the value of the Naira – presently, between 30% and 40% of FX demands go into the importation of PMS.
Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, who confirmed the readiness of the company to start lifting petrol today, told Vanguard, yesterday: “NNPC Ltd has started deploying our trucks and vessels to the Dangote Refinery to lift PMS in preparation for the scheduled lifting date of September 15th, as set by the refinery.
“Our trucks and personnel are already on-site, ready to begin lifting. We expect more trucks, and the deployment will continue throughout the weekend so we can start loading as soon as the refinery begins operations on September 15, 2024.”
300 trucks
Soneye hinted that at least 100 trucks had already arrived at the refinery for the petrol lifting, adding that the number of trucks could increase to 300 by Saturday evening.
READ ALSO: PHOTOS: 300 NNPC Trucks Converge On Dangote Refinery To Lift Petrol
On his part, Executive Secretary, of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole, said: “We have been lifting diesel (AGO) and aviation fuel (jet fuel) and we look forward to lifting petrol (PMS).”
On pricing, he said: “We await clarity in respect of the pricing mode, and once that is clarified, we’ll do the needful towards meeting the energy needs of Nigerians.”
Edun, the Minister of Finance and Coordinating Minister of the Economy, yesterday, said the structuring of the NNPCL, Dangote Refinery deal in Naira would assist in reducing pressure on the local currency.
A statement by the Director of information and Public Relations in the ministry, Mohammed Manga, stated: “In a landmark move towards reducing pressure on the Naira, eliminating unnecessary transaction costs, and improving availability of petroleum products, the Federal Government has successfully initiated the sale of crude to local refineries as well as corresponding purchase of petroleum products in Naira.
“The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this today in his office in Abuja shortly after the Technical Sub-Committee meeting on the sale of crude oil to local refineries in Naira.
READ ALSO: NNPCL, Dangote In Marathon Meetings Over Petrol Pricing
“Represented by the Executive Chairman, Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, the Minister announced the completion of all agreements and modalities for the implementation of the Federal Executive Council (FEC) approval on the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira.
“Recall that the FEC under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira.
Pressure on Naira
“This initiative will help reduce pressure on the Naira, eliminate unnecessary transaction costs, and improve the availability of petroleum products in the country.
“Since then, the implementation committee chaired by the Hon. Minister of Finance and the technical committee have worked intensely with NNPCL and Dangote Refinery to fashion out the details of the modalities for the implementation of the FEC approval.
READ ALSO: NNPCL Announces Date Dangote’s Petrol Will Flood Market, Prices To Be determined by Market Forces
“I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday 15th September. From 1st October, NNPC will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in Naira.
“In return, the Dangote Refinery will supply PMS and diesel of equivalent value to the domestic market to be paid for in Naira. Diesel will be sold in Naira by the Dangote Refinery to any interested off-taker. PMS will only be sold to NNPC; NNPC will then sell to various marketers for now.”
The agreement, according to analysts, was expected to ease the severe shortage of petrol across the country and probably bring the price which has skyrocketed recently down.
VANGUARD
News
Avoid Mistakes Of 2023 Elections, EU Tells Nigeria

The European Union has raised the alarm over the slow pace of electoral reforms in Nigeria, warning that without swift action, the country risks repeating the “serious shortcomings” of the 2023 general elections.
Speaking at a press conference in Abuja on Friday, Barry Andrews, a member of the European Parliament and chief of the EU Election Observation Follow-up Mission to Nigeria, presented a sobering assessment of progress since the EU Election Observation Mission delivered its final report in 2023.
“In this context, we are here to reflect on how electoral reform can deepen the roots of democracy here in Nigeria,” Andrews said, adding that the EU deployed a follow-up mission comprising three experts on 9 September 2025 to engage stakeholders, including the Independent National Electoral Commission, the National Assembly, political parties, civil society, the media and development partners.
The mission chief reported that of the 23 recommendations made by the EU EOM in 2023, only one had been fully implemented; two had been partially implemented; eight were ongoing; nine were yet to be implemented; and for three, it was still too early to tell. Eleven recommendations require legal changes, and 12 are administrative in nature.
READ ALSO:Nigerian Singer Attih Soul Performs At Barcelona Star Lamine’s Birthday
“The fully implemented recommendation is ensuring institutional accountability by consulting on the publication of election-related laws. INEC has carried this out, but that is one of 23. There is much more work to do, and I want to re-emphasise that this is a critical moment,” he said.
“Our evaluation indicates that progress in implementing the recommendations has been modest thus far and is in serious danger of falling to critically low levels.
Avoiding this outcome will require both political will from legislators and urgent, coordinated administrative actions by relevant institutions,” he warned.
Despite the slow progress, Andrews noted a strong consensus among stakeholders. “What we find especially important is the strong alignment we see between the recommendations of INEC, civil society — through the Citizens’ Memorandum — and those of the EU election observers. Each of these three processes was conducted independently, and yet they point in the same direction.”
He emphasised that Nigerians themselves — within institutions and in civil society — are calling for the same changes international observers have highlighted. “It shows that there is a broad and shared understanding of what needs to be done to strengthen future elections,” the mission chief added.
READ ALSO:INEC Gets 151 Party Registration Requests, Begins Screening
Andrews acknowledged that work has begun on electoral reform, including ongoing deliberations on the Electoral Act (Amendment) Bill 2025 and constitutional review processes, both of which incorporate several of the EU’s recommendations.
He welcomed growing collaboration between civil society organisations and lawmakers, noting that civil society has contributed technical expertise and advocacy while Parliament has created space for engagement.
Andrews said the success of reform hinges more on political will than on technical drafting.
He outlined six priority recommendations deemed essential for improving Nigeria’s electoral integrity and stressed the importance of transparency in the appointment of a new INEC chairperson, expected later this year.
READ ALSO:ADC: Why INEC Has Not Recognised David Mark, Others
“A transparent, non-partisan and merit-based appointment process will strengthen INEC as an institution and give citizens greater confidence that the commission will improve its professionalism, neutrality and independence,” he said.
The mission chief also highlighted the need for greater transparency in results management. “We all saw in 2023 how quickly confidence can be eroded when polling-unit results are missing, uploaded with poor quality, or collation appears disorganised.
Andrews further flagged the extremely low representation of women in Nigeria’s political institutions.
He praised the discussion around the reserved-seats bill as a potential milestone toward inclusivity.
READ ALSO:INEC Portal Records Over 69,000 Online Voters Pre-registration
Turning to electoral offences, Andrews warned that widespread impunity for misconduct — such as violence, vote buying and misuse of state resources — continues to threaten election integrity. “Justice delayed is justice denied,” he said, noting that prosecutions remain too few and too slow.
He described the proposed electoral offences commission as a much-needed step forward.
He also stressed the importance of legal clarity, saying INEC needs a stable legal environment to carry out its responsibilities effectively, from voter education to budgeting. “If reforms are adopted too late, they risk causing uncertainty or even becoming impossible to implement,” he said.
Finally, he raised concerns over the safety of journalists, citing ongoing reports of harassment and violence against media professionals. “What is needed is a credible system to investigate and prosecute attacks swiftly and effectively. That would show that freedom of expression is not only guaranteed on paper but also upheld in practice.”
In concluding his remarks, Andrews acknowledged progress, especially in legislative engagement and discussions around gender representation, but warned that “the window for reform is closing fast.”
READ ALSO:Things To Know As INEC Begins Physical Voter Registration Monday
He urged political actors to seize the current momentum to deliver reforms that can safeguard transparency, inclusiveness and credibility in the 2027 elections, noting that falling turnout in successive elections shows the stakes have never been higher.
“We are supporting Nigeria through our Democratic Governance in Nigeria programme,” Amb. Mignot said. “We are doing this by supporting the implementation of the recommendations of the EU observation mission with technical assistance — for stakeholder consultations, for instance — partly through institutions such as the National Assembly and civil society.”
He clarified the EU’s approach to off-cycle elections, distinguishing formal observation missions from “watch visits” by diplomats. “We don’t do observation missions in off-cycle elections,” he explained.
Recall that INEC chairman Professor Mahmood Yakubu, during the EU’s visit to the commission’s headquarters on Thursday, confirmed that only eight of the 23 recommendations made by the EU in 2023 were directly addressed to the commission, and just one was marked as a priority.
Yakubu warned that failure to act swiftly on electoral law amendments could disrupt planning for the 2027 elections.
News
Awujale: UNILAG Don Leads Ruling House Faction

A professor of Media Law and Mass Communication with the University of Lagos and one-time Commissioner for Information in Ogun State, Fassy Yusuf, has emerged as the head of a faction of the Fusengbuwa Ruling House dubbed as the “Original Fusengbuwa Ruling House.”
Speaking at a briefing held on Thursday in Agunsebi, Ijebu-Ode, the professor stated that the royal family, which is next in line to produce the next Awujale of Ijebu land, has kicked off registration of the family members of the ruling house as part of foundation-laying preparations for the selection and filling of the vacant stool of Awujale.
The faction of the ruling house being coordinated by Yusuf comprises the Jadiara, Bubiade, Tunwase and Fusengbuwa royal families.
This development is coming on the heels of the reported reconciliation of the two previous factional groups led by Adedokun Ajidagba and former president of the Institute of Chartered Accountants of Nigeria, Alhaji Abdulateef Owoyemi.
READ ALSO:Awujale Succession: Court Battle Begins Over Ruling House Leadership Crisis
Yusuf said, “I must also emphasise that the mourning period of the late Awujale, Oba (Dr) Sikiru Kayode Adetona, CFR, GCON, who passed on July 13, 2025, will officially end on Sunday, October 11, 2025, paving the way for the implementation of the succession process.
“The Declaration made under Section 4 (2) of the Chiefs Law 1957 indicated that the four ruling houses are entitled to produce Awujale, and they are Gbelegbuwa, Anikinlaiya, Fusengbuwa, and Fidipote, but it is now the turn of Fusengbuwa.”
He further explained that candidates must be of the ruling house and from the male line, except in cases where succession devolves through the female line under the Abidagba principle.
Responding to questions about the Folagbade Adenuga group’s claim of having the right to produce the next Awujale, the former commissioner stressed that Folagbade is not listed as a ruling house in the declaration and therefore must align with one of the recognised branches.
READ ALSO:PHOTOS: Awujale Installs El-Rufai As Gbobaniyi Of Ijebu Land
As part of preparations to pick a successor to Oba Adetona, who joined his ancestors on July 13, 2025, Yusuf said that membership registration forms to build a family database and expression of interest forms for aspirants to the throne had been prepared for a smooth sailing exercise.
Recall that preparation to pick the next Awujale after the death of Oba Adetona, aged 91, in July, and who reigned for 65 years, had been gathering momentum, particularly within the Fusengbuwa ruling house, which is the next to produce the next Awujale.
The former President of ICAN, Alhaji Owoyemi and an oil and gas magnate, Adedokun, had been at each other’s throats for some time over the leadership of this ruling family.
The two elders, however, about a week ago, decided to bury their differences and reconciled to work together in unity, even as they both pledged to ensure that the right candidate for the vacant stool of Awujale is selected when the time comes.
It was gathered that the three-month mourning period of Oba Awujale would be completed by October 11, after which the race to pick the next Awujale would go into full swing.
(PUNCH)
News
Pastor Adeboye To Lead Prayers For Nigeria

The General Overseer of Redeemed Christian Church of God,Pastor Enoch Adeboye
The General Overseer of Redeemed Christian Church of God, Pastor Enoch Adeboye. Photo Credit: RCCG
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, will host a special thanksgiving service to commemorate the 65th Independence anniversary of Nigeria.
In a statement made available to Saturday PUNCH, RCCG said the service, themed “The King of kings,” will take place at the church’s national headquarters in Ebute-Metta, Lagos, on Sunday.
READ ALSO:RCCG Pastor Arrested Abroad For Greeting ‘Ladies And Gentlemen’ — Adeboye
According to the RCCG, the programme was inspired by a divine direction, and it would feature special prayers for public office holders in the country.
“Guided by divine direction, Pastor Adeboye will lead special prayers for government executives, legislators, politicians, electoral institutions, peacekeeping groups, political leaders, elder statesmen, students of political science, citizens’ rights organisations, and for the people of Nigeria at large,” the statement read.
The church urged the general public to join the programme, describing it as a “solemn national intercession for peace, unity, and divine progress for the Federal Republic of Nigeria”.
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