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Dangote Refinery’s dollar sales trigger petrol price increase as depot owners raise ex-depot rates

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Depot owners across Nigeria have increased the ex-depot price of Premium Motor Spirit (PMS), following the rise in global crude oil prices and the Dangote Refinery’s resumption of petrol sales in US dollars.

 

Checks by DAILY POST showed that major depot operators, including Sahara, Integrated, African Terminal, Emedab and Ranoil, have adjusted their ex-depot prices to between N1,125 and N1,175 per litre, up from the previous range of N1,085 to N1,090 per litre.

 

The latest adjustment represents an increase of between N30 and N90 per litre, depending on the depot.

 

The development comes barely hours after the Dangote Refinery resumed the sale of petrol in dollars, fixing its gantry price at $0.779 per litre, equivalent to about N1,075 per litre, after suspending sales in naira.

 

Earlier, the Independent Petroleum Marketers Association of Nigeria, IPMAN, had warned that the refinery’s decision to transact in dollars could trigger another round of fuel price increases unless the Federal Government intervenes.

 

The association told DAILY POST that marketers would inevitably pass the higher cost of procurement to consumers if the policy remains unchanged.

 

Meanwhile, the pressure on fuel prices has been compounded by developments in the international oil market.

 

Brent crude oil climbed to as high as $85 per barrel on Tuesday as the more than four-month conflict involving Iran, the United States and Israel intensified over the past four days.

 

The renewed geopolitical tensions have also heightened fears of a possible disruption to global oil supplies, amid indications of a fresh move to shut the Strait of Hormuz, one of the world’s most critical oil shipping routes.

 

The combined effect of higher crude oil prices and the Dangote Refinery’s dollar-denominated sales has continued to fuel concerns over another increase in petrol pump prices across the country in the coming days.

2027: ‘Tinubu, Shettima are what Prophet warned Muslims against’- SDP’s Adebayo

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The presidential candidate of the Social Democratic Party (SDP), Adewole Adebayo, has criticised President Bola Tinubu and Vice President Kashim Shettima, saying they do not represent the values of Islam in leadership.

 

Adebayo made the remarks on Tuesday during an appearance on Arise Television’s Morning Show, where he dismissed the relevance of the Muslim-Muslim ticket ahead of the 2027 presidential election.

 

According to him, even those seeking Muslim leadership should not regard Tinubu and Shettima as examples of Islamic principles in governance.

 

“Even if people were looking for Muslims in authority, the president and the vice don’t symbolize that; they symbolize the opposite,” Adebayo said.

 

“They are actually what the Prophet and all the leaders of Islam warned Muslims against.

 

“This kind of leadership where there is no justice, no truth, no honesty, where there is no kindness, and no charity. So I don’t think that sheep can come and rob the people one more time; it doesn’t make any sense.”

 

Tinubu and Shettima were elected in the 2023 presidential election on the platform of the All Progressives Congress (APC), running on the controversial Muslim-Muslim ticket.

 

As preparations for the 2027 general election gather momentum, there have been speculations over whether Tinubu would retain Shettima as his running mate, with reports suggesting he could replace him with a Christian from Northern Nigeria.

 

However, Tinubu recently reaffirmed Shettima as his running mate for the 2027 presidential election, putting the speculation to rest.

World Cup 2026: Four top players named in race

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As the 2026 FIFA World Cup enters the semi-final stage, France captain Kylian Mbappe has emerged as the leading contender to win this year’s Golden Ball award.

The race for the tournament’s best player award has narrowed to four standout performers, with France, Spain, England and Argentina battling for places in the final.

According to prediction platform Polymarket, as shared by football transfer expert Fabrizio Romano on Tuesday, Mbappe is the favourite to claim the Golden Ball.

The 27-year-old forward, who has scored eight goals and registered three assists at the tournament, is given a 42 per cent chance of winning the prestigious individual prize.

Argentina captain Lionel Messi is second in the rankings with a 30 per cent chance. The veteran forward has also scored eight goals but has provided two assists during the competition.

England midfielder Jude Bellingham occupies third place after contributing six goals and one assist, giving him a 17 per cent chance of winning the award.

England skipper Harry Kane completes the top four contenders. The striker has also recorded six goals and one assist and is currently rated with a five per cent chance of lifting the Golden Ball.

Fuel price: Dangote Refinery suspends petrol sales in naira as marketers react

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Dangote Refinery has suspended the sale of Premium Motor Spirit (PMS), popularly known as petrol, in naira, introducing a new pricing template denominated in United States dollars.

In a notice issued to customers by the refinery’s Group Commercial Operations, the company announced that its gantry price for PMS has been fixed at $0.779 per litre, equivalent to about ₦1,075 per litre, with effect from Monday.

Under the new pricing structure, automotive gas oil (diesel) has been pegged at $1.087 per litre, aviation fuel at $0.942 per litre, while coastal deliveries of PMS will sell for $1,044.62 per metric tonne.

The development effectively ends the refinery’s naira-based product sales, which began on October 1, 2024, following the implementation of the federal government’s naira-for-crude arrangement.

The notice to customers stated: “Following our email on the 9th of July, 2026, regarding the transition from Naira to United States dollars, please note that all issued Naira Coastal and Gantry PFIs/Deal Recaps are now invalid, and no payments should be made against them.

“The applicable USD prices for each product, effective today, July 13, 2026, are provided below.”

As of the time of filing this report, neither Dangote Refinery nor the Federal Government had issued an official statement explaining the shift to dollar-denominated pricing.

The move is expected to have significant implications for Nigeria’s downstream petroleum sector, particularly for fuel pricing and foreign exchange demand.

Reacting to the development, the Independent Petroleum Marketers Association of Nigeria (IPMAN) urged President Bola Tinubu to intervene, warning that the policy could intensify pressure on the naira and trigger higher petrol prices nationwide.

IPMAN’s National Publicity Secretary, Chinedu Ukadike, said the association was awaiting official clarification but cautioned that pricing petroleum products in dollars could further weaken the local currency.

“First, I have not seen an official comment on the matter from Dangote Refinery or the Nigerian government,” Ukadike said in an interview.

“Because this policy is going to put very strong pressure on the dollar. And you will see the dollar also climbing up, just as crude oil prices are climbing.

“These are the two most influential factors that normally determine the price of petroleum products at the pumps. The federal government should intervene immediately if this happens to be true,” he added.

The announcement comes as depot owners on Monday adjusted their ex-depot petrol prices upward to between ₦1,085 and ₦1,090 per litre, from about ₦1,075 per litre.

Meanwhile, pump prices remained largely unchanged in Abuja and neighbouring areas, with petrol selling between ₦1,155 and ₦1,205 per litre at the time of reporting.

The latest development also coincides with a sharp rise in global crude oil prices, with West Texas Intermediate (WTI) trading around $80 per barrel and Brent crude nearing $85 per barrel amid escalating tensions in the Middle East.

BREAKING: Residents flee as suspected herdsmen attack another community in Benue State

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insecurity in Benue

Residents of Ondo community in Ugboju, Otukpo Local Government Area of Benue State, fled their homes on Tuesday following a fresh attack by suspected armed herdsmen.

The attackers reportedly invaded the community in the early hours of the day, shooting sporadically and forcing residents to flee to safety.

A native of the community and Labour Party House of Assembly candidate for the 2027 elections, Hon. Jimmy Nart, said the attack was still ongoing at the time of reporting.

In a message shared on Tuesday, Nart said: “I just received information from my family that Fulani terrorists are currently attacking Ondo, Ugboju. Protect yourself.”

The latest incident occurred less than 48 hours after suspected armed herdsmen allegedly attacked the Otukpo-Nobi community in the same local government area, where more than 18 people were reportedly killed.

As of the time of filing this report, the number of casualties resulting from Tuesday’s attack had not been independently verified.

Efforts to obtain an official response from the Benue State Police Command were unsuccessful. The Police Public Relations Officer, DSP Udeme Edet, did not respond to telephone calls or a text message seeking confirmation of the incident.

Meanwhile, residents said tension remained high in the area as many families continued to flee their homes over fears of further attacks.

Airport parking: Arise TV Rufai Oseni replies Keyamo over dispute with Peter Obi

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Arise Television anchor, Rufai Oseni, has alleged that the 2027 presidential candidate of the Nigerian Democratic Congress (NDC), Peter Obi, is being subjected to political persecution.

Oseni made the allegation on Monday while reacting to the controversy surrounding Obi’s alleged violation of airport parking regulations.

 

DAILY POST recalls that the Minister of Aviation and Aerospace Development, Festus Keyamo, had accused Obi of breaching airport parking rules and urged him to tender a public apology.

 

Speaking during Arise TV’s Morning Show, Oseni argued that the reactions to the incident reinforced claims that the former Anambra State governor was being unfairly targeted.

 

“You will be a blind man to say that there is no political persecution of Peter Obi. Their reactions just confirmed it,” he said.

 

The television presenter maintained that there had been previous incidents at airports that did not attract the same level of criticism from authorities, suggesting that Obi was being treated differently.

 

To support his claim, Oseni cited an incident involving Fuji musician KWAM 1, whom he said was allowed to remain in front of an aircraft without attracting widespread condemnation.

 

“We were in this country when they were begging KWAM 1 that went to stay in front of the plane. If Peter Obi had done such a thing, the country would have scattered,” he said.

 

Oseni also referenced comments made by Edo State Governor Monday Okpebholo in August 2025, when the governor warned Obi against entering the state without prior security clearance.

 

“We were still in this country when Governor Okpebholo said Peter Obi should not enter Edo State without security clearance. Is that not political persecution?” Oseni asked.

BREAKING: PFIPC: ‘I don’t trust ICPC probe- DG of Fake Agency, Adeyemi declares

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Prince Adeniyi Adeyemi, who claims to be the Director-General of the controversial Presidential Foreign Intervention Promotion Council (PFIPC), has expressed a lack of confidence in the ongoing investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

 

Adeniyi made the remarks on Monday while speaking on Channels Television’s Politics Today, insisting that only an independent panel could credibly investigate the controversy surrounding the council.

 

According to him, government agencies cannot impartially investigate matters involving top government officials.

 

“Government can’t probe Government. Are you telling me that the ICPC would indict Chief Femi Gbajabiamila? It’s not possible,” he said.

 

“I thank our father, Mr President, for listening by setting up a panel, but what we need is an independent panel. The Presidency already exonerated Gbajabiamila.”

 

The comments come amid ongoing scrutiny over the activities of the PFIPC and the federal government’s response to the controversy.

 

Meanwhile, Nigerian Newssphere reports that Adeniyi is scheduled to appear before the Federal High Court in Abuja on Tuesday.

Vitus Ozoke:  Questions David Umahi must answer over Mary Habila’s death

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The death of a young woman is always a tragedy. The death of a young government employee inside the private residence of a serving federal minister is something more. It is a matter of undeniable public interest.

This is not because anyone should rush to accuse the Minister of Works, Senator David Umahi, of wrongdoing. On the contrary, no one should be convicted in the court of public opinion before the facts are known. But neither should legitimate questions be dismissed as speculation.

 

In any democracy governed by the rule of law, transparency is the antidote to speculation. When facts are promptly and fully disclosed, rumors die naturally. When they are not, questions multiply. Unfortunately, Senator Umahi’s official statement, while attempting to reassure the public, raises almost as many questions as it answers.

 

The statement confirms that the deceased, Miss Mary Habila, and another physical therapist, Anita Baski, were employees of the David Umahi Federal University of Health Sciences, Uburu, who had been on secondment to the Federal Ministry of Works for the past three years. It further states that the incident occurred at the minister’s residence, that the police and medical personnel were notified, and that the minister advised the family to permit an autopsy, which they initially declined.

 

Those facts naturally invite further questions. The first concerns the secondment itself. How did two physical therapists employed by the David Umahi Federal University of Health Sciences come to be seconded to the Federal Ministry of Works? Was the secondment formally approved under the applicable public service rules? Who initiated it? What official duties were they assigned to perform? Who supervised their work? Who paid their salaries during the period of secondment? Was the university responsible? Was the Federal Ministry of Works responsible? Or was there some shared arrangement? These are administrative questions that should have straightforward documentary answers.

 

The second issue concerns their presence at the minister’s private residence. If they were employees assigned to the Federal Ministry of Works, what official responsibilities would have brought them to Senator Umahi’s private home? Were they providing physical therapy as part of their official duties? If so, under what authorization? How frequently? To whom were they rendering those services? If they were treating the minister, who made the medical referral? Was there an established treatment plan? These are not intrusive questions. They are accountability questions.

 

Equally important is the question of residence. Did the two physical therapists maintain independent accommodation while on secondment? Or were they residing at the minister’s residence? If they lived there, under what arrangement? Who else resided in the compound? Who was present on the night before Miss Habila’s death? Where was the minister at the relevant time? Again, these are factual matters capable of objective verification.

 

Another issue concerns institutional transparency. If Miss Habila remained an employee of the university while serving on secondment to the Federal Ministry of Works, when were her work colleagues officially informed of her passing? Did the university publicly announce the death of one of its employees? Did the ministry communicate the loss of a member of its workforce? Or did many first learn of it through media reports? Government institutions owe not only condolences but also transparency to their employees and to the public they serve.

 

The official statement also raises broader questions about the secondment program itself. How many other employees of the David Umahi Federal University of Health Sciences are currently on secondment to the Federal Ministry of Works? Is this a common institutional arrangement? Are other Nigerian ministries beneficiaries of similar deployments? If physical therapists are assigned to ministers, what is the governing policy? The public deserves to understand whether this is routine public administration or an exceptional arrangement.

 

Finally, there is the question of the autopsy. The minister now strongly advocates one and says he had earlier recommended it to the family. If that is correct, then an obvious question follows. Given the unusual circumstances – a government employee dying inside the private residence of a serving cabinet minister – should a forensic examination have been pursued immediately as part of the investigative process? Whether the family initially agreed or not, this was plainly a case with significant public implications.

 

The objective of an autopsy is not to assign guilt. It is to establish scientific truth. Truth protects the innocent just as surely as it exposes the guilty. That is why an autopsy, if legally available, serves everyone’s interest, including Senator Umahi’s own.

 

The purpose of raising these questions is not to accuse. It is to insist. To insist that the investigation be independent. To insist that the facts be established. To insist that official silence never substitute for official accountability.

 

In a constitutional democracy, public office carries extraordinary privilege. But it also carries extraordinary scrutiny. When a citizen dies under unusual circumstances in the private residence of a public official, questions are not acts of hostility. They are acts of citizenship.

 

The greatest service Senator David Umahi can now render – to himself, to the deceased’s family, and to the Nigerian public – is not another press statement. It is complete transparency. Because in matters such as these, unanswered questions rarely disappear. They simply become larger.

 

Dr. Vitus Ozoke is a lawyer, human rights activist, and public affairs analyst based in the United States. He writes on politics, governance, and the moral costs of leadership failure in Africa.

2026 World Cup: Argentina submits special request ahead of semi-final against England

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Argentina have submitted a special request to FIFA to wear their all-blue kit for their 2026 FIFA World Cup semi-final against England.

The reigning world champions secured their place in the last four after defeating Switzerland 3-1, while England booked their spot with a 2-1 victory over Norway in the quarter-finals.

 

According to journalist Gaston Edul, the Albiceleste have asked FIFA for permission to wear their all-blue strip instead of their iconic blue-and-white striped home jersey for the highly anticipated clash.

 

Argentina have worn their traditional blue-and-white kit in five of their six matches at the tournament.

 

The only time Lionel Messi’s side switched kits was during their group-stage encounter against Jordan, when they wore the all-blue outfit.

 

FIFA is expected to decide whether to approve Argentina’s request ahead of the semi-final showdown with the Three Lions.

Popular actor, Sam Neill is dead

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Actor Sam Neill, best known for his role in the Jurassic Park franchise, has died at the age of 78.

Neill’s death comes months after he revealed that he was cancer-free following treatment for a form of blood cancer.

 

According to his family, the New Zealand actor was taken to a hospital in Sydney on Monday before his death.

 

In a statement shared on Neill’s Instagram page, his family described his passing as “sudden and unexpected.”

 

They said the veteran actor remained cancer-free and died “surrounded by family and passed with the dignity that has characterised his whole life.”

 

The family added that further details would be released in the coming days and appealed for privacy as they mourn their loss.

 

“We ask that our privacy is respected as we navigate this immeasurable loss,” the statement said.