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Tanker Drivers Back PTD, NUPENG Leaders, Disown ‘Elders Forum’

Petroleum Tanker Drivers (PTD) across Nigeria have passed a vote of confidence on their national leadership and disowned a group calling itself the 'PTD Elders Forum'. Drivers from the Kaduna, Lagos, Port Harcourt, and Warri zones addressed journalists in Lagos, labeling the 'Elders Forum' as an unrecognized and faceless group. They accused it of spreading false information to create discord within the union. The drivers affirmed that Comrade Augustine Egbon, elected on July 3, 2024, is their legitimate National Chairman. They stated that the PTD's bylaws and the NUPENG constitution do not recognize any 'Elders Forum'. Spokespersons from the various zones praised the current leadership for its transparency and support. They highlighted benefits like health insurance and prompt resolution of issues with employers and truck owners as evidence of the union's effectiveness. The drivers urged security agencies to apprehend the […]

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Crude Oil Imports Hit Record High as Dangote Refinery Reshapes Nigeria’s Trade Flow

Nigeria’s crude oil imports surged by 26.5% in the first half of 2025, reaching 5,665,602 metric tons, compared to 4,478,413 metric tons in the same period of 2024, according to fresh data from the Nigerian Ports Authority (NPA). The rise has been largely attributed to the 650,000 barrels per day Dangote Petroleum Refinery, which has been sourcing crude oil from countries including the United States, Brazil, Angola, and Equatorial Guinea. Financial Vanguard’s quarterly analysis shows a mixed trend: Q1 2025: Imports dropped to 2,400,553 MT, down 30% from Q1 2024 (3,037,209 MT). Q2 2025: Imports spiked to 3,265,099 MT, a 126% increase compared to Q2 2024 (1,441,204 MT). The Dangote Refinery, which began refining diesel and aviation fuel in January 2024, has since become a key player in both domestic and global energy trade, exporting petroleum products while importing crude […]

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Dangote Refinery Slashes Petrol Prices by ₦15/Litre: New Rates Hit ₦875 in Lagos, Boost ‘Nigeria First’ Push

Dangote Refinery Cuts Petrol Prices by ₦15/Litre: Regional Rates and Strategic Impact In a bold move to ease economic pressures and align with the federal government’s ‘Nigeria First’ policy, Dangote Refinery has announced a ₦15 per litre reduction on petrol prices nationwide. The new pricing, effective immediately, marks the refinery’s third price cut in 2025 and underscores its commitment to affordable, locally produced energy. New Petrol Prices: Region-by-Region Breakdown Lagos: ₦875/litre (down from ₦890) South West: ₦885/litre North West & North Central: ₦895/litre South East, South South, & North East: ₦905/litre The adjusted rates apply across Dangote’s partner networks, including MRS, Ardova (AP), Heyden, Optima Energy, Techno Oil, and Hyde. Driving the ‘Nigeria First’ Agenda Dangote Refinery called on all fuel marketers to join its partner network, emphasizing collective support for: Local Production: Reducing reliance on imported petroleum products. Economic Sovereignty: Prioritizing homegrown solutions to stabilize prices. […]

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