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Nigeria

Soldiers arrest 15 suspected oil thieves at Dangote Refinery

Troops of the Nigerian Army have arrested 15 suspected oil thieves around the Ibeju Lekki area of Lagos State.​ According to an operational report made available to the News Agency of Nigeria on Friday in Abuja, the suspects were arrested in the early hours of the day by troops of Headquarters 9 Brigade working with 65 Battalion. The operation followed credible intelligence on planned illegal activities in the area.​ The report explained that the suspects were intercepted while trying to illegally tap into a crude oil discharge point from a vessel supplying crude to the Dangote Refinery.​ It stated that the vessel was discharging crude oil meant for the production of Premium Motor Spirit and Automotive Gas Oil when the suspects were caught attempting to connect pipes to the discharge point.​ The troops arrested 15 people at the scene and […]

Abdulmumini Auwal SA April 17, 2026

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international

Rising diesel costs cripple fishing as 80 percent of vessels stop work

Rising diesel prices have crippled Nigeria’s fishing industry, leaving more than 80 percent of trawler vessels grounded. A visit to the Ijora Fish Market in Lagos showed a sharp drop in fish supplied by Nigerian trawlers, leading to scarcity and higher prices for consumers. Retired Navy Captain Oladele Robinson, National Executive Secretary of the Fisheries Cooperatives Federation of Nigeria, said both artisanal and industrial operators are badly hit by the soaring cost of fuel. He explained that small scale fishers rely on petrol PMS to power their boats, while industrial trawlers depend entirely on diesel AGO. Many now go to sea and return without enough catch to cover fuel costs, making trips unsustainable. Robinson said this situation is driving up the prices of fish and other seafood across markets. Sources close to the Nigerian Trawlers Owners Association NITOA said diesel […]

Abdulmumini Auwal SA April 12, 2026

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Nigeria

Dangote refinery price cut triggers brutal petrol war, heavy losses for importers and marketers

Nigeria’s downstream petroleum sector is in the middle of what operators describe as an intense price war following the decision by the Dangote Petroleum Refinery to sharply reduce its gantry price for Premium Motor Spirit from N828 to N699 per litre. The move has forced fuel importers, depot owners and retail marketers to cut prices aggressively, even as the refinery admits it is also losing money under the new price regime.​ Estimates based on consumption and supply data suggest that petrol importers could lose about N102.48bn every month if they match Dangote’s prices. With the refinery now selling N129 per litre cheaper than the prevailing import landing cost, analysts say depot owners who offload cargo at Dangote-level prices would be taking a loss of about N129 on every litre sold, amounting to roughly N3.41bn daily. Dangote Refinery itself is projected […]

Abdulmumini Auwal SA December 16, 2025

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