Business

NCC Warns Nigerians Against Davido Airtime, Data Giveaway

Published

4 years ago

November 23, 2021

The Nigerian Communications Commission (NCC) says it has discovered that an ostensibly syndicated group is on the prowl to swindle unsuspecting members of the public, particularly millions of Nigerian telecom consumers by capitalising on the generosity of David Adedeji Adeleke, widely known as Davido.

The Nigerian-American music star, songwriter and producer recently announced he would donate 250 million naira to various orphanage homes across Nigeria.

Exploiting Davido’s benevolence, a group of scammers rolled out an advertorial titled “Davido Airtime and Data Giveaway”, which went viral, claiming that Davido is “giving out free 5K Airtime and 10GB Internet data of All Networks” to celebrate his birthday.

In the advertorial, the general public is urged to hurry and get the gift by clicking on the links that supposedly redirects them to network sites, where they will be credited with airtime and data.

”This is a scam, the NCC warned.

”The NCC wishes to advise our teeming telecom consumers to have nothing to do with the advert or any similar bogus enticements. The adverts are what they are – social engineering rip-offs designed to get people’s MSISDN and other information that fraudsters can use later to defraud unsuspecting telecom consumers and members of the public.

”For clarity, the MSISDN is simply the full phone number of a cellphone, in addition to other protocol information. This number is unique and identifies subscribers/owners in a GSM or other mobile networks. Therefore, it suffices to state that any unscrupulous person or unethical hacker can use the number and attendant protocol to undermine the privacy of the real owners of the number through identity theft and other scams.

”The NCC, therefore, reiterates its earlier warning to telecom consumers to be cautious and not to let their guards down. If a promo or an offer seems too good to be true, then it is likely untrue.

”The Commission will not rest on its oars in empowering telecom consumers with the requisite information and education in order to protect them from cybercriminals determined to use the telecom platforms to perpetrate frauds.”

Business

NNPCL Reduces Fuel Price After Dangote Refinery’s Adjustment

Published

2 weeks ago

August 14, 2025

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.

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.

Business

Dangote Refinery Reduces Fuel Price

Published

2 weeks ago

August 12, 2025

Editor

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.

Business

Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US

Published

2 weeks ago

August 11, 2025

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.

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.

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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.