News
It Might Be Too Expensive – Marketers Express Fear As Dangote Petrol Move To Hit Local Markets
By Kayode Sanni-Arewa
Petroleum marketers have expressed fear over the price of petrol from Dangote Petrochemical Refinery.
The product is set to hit the Nigerian local market in two to three weeks.
However, petrol marketers do not seem to look forward to the development as they claim that the product’s price may be higher than expected.
They spoke against the backdrop of the 650,000-capacity refinery’s failure to get feedstock locally from the international oil companies.
Dangote Refinery has continued to import crude oil from the United States and other countries at a higher cost.
This development has reportedly made its diesel and aviation fuel not very attractive to some local marketers due to price reasons.
Speaking in an interview with Punch, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, said crude imports would jerk up the price of Dangote petrol.
According to Fashola, the refusal of IOCs to sell crude oil to Dangote will be a big challenge to the $20bn refinery, even as he acknowledged that the IOCs also have other business commitments.
According to him, “The non-supply of crude is a big challenge for Dangote. You know Dangote cried out too. The international oil companies too will have their reasons; you know they have their commitments too. It’s not like they will start feeding Dangote only. People should understand that.
I think Dangote should consider that. I know this prompted Dangote to go outside the soil of Nigeria to seek crude oil. You know when he keeps bringing crude oil from the United States, that is another cost. That is another problem we are scared of because it will still boil down to the high cost of petrol, unlike where he can source the crude locally in Nigeria.”
To resolve this, the IPMAN leader asked the Federal Government to assist Dangote with the supply of crude oil. This, he said, would solve the problems Nigerians face with fuel availability and affordability.
“I will advise that the government should assist Dangote in the supply of crude oil. If Dangote can get an adequate supply of crude oil locally, I think the whole problem will be solved somehow. I don’t think there will be any need for anybody to go and bring in petrol again, especially if Dangote is selling at a reasonable price,” he added.
Fashola, however, enjoined Dangote not to monopolise the petroleum if he eventually got the support of the government, saying the refinery must sell PMS at a reasonable price.
“Dangote too should not see it as an advantage to start monopolising the market by raising fuel prices. Dangote has to come with a clean mind by selling at a reasonable price to the public,” he said.
News
South Africa’s Police Boss Charged Over Controversial Health Contract
South Africa’s Police Chief Charged Over Controversial Health Contract
South Africa’s national police commissioner has been formally charged over alleged irregularities tied to a controversial health services contract awarded within the police service.
According to reports, the case relates to a multi-million rand contract intended to provide health and wellness services for police officers, which later came under scrutiny over procurement concerns.
The contract is said to have been cancelled after questions were raised about how it was awarded and whether proper procedures were followed.
The police chief, identified as Fannie Masemola, is accused of failing in his responsibilities as accounting officer during the approval process of the deal.
He is expected to face multiple charges as investigations continue into the circumstances surrounding the agreement.
Reports indicate that other senior officials within the police service, as well as a businessman linked to the contract, are also facing charges in connection with the case.
The matter has sparked widespread debate in South Africa over accountability, governance and transparency in public procurement processes.
Critics say the case highlights ongoing concerns about corruption risks in state institutions and the need for stricter oversight of government tenders.
Civil society groups have also called for stronger enforcement of anti-corruption measures, especially in sectors involving public safety and essential services.
The case has drawn national attention due to the senior position held by the accused and the importance of trust in law enforcement leadership.
Analysts suggest the outcome of the proceedings could have wider implications for confidence in policing structures and reform efforts.
The police commissioner has reportedly indicated his intention to continue in office unless otherwise directed by the country’s leadership.
Court proceedings have been postponed as the legal process continues and further investigations are carried out.
The case remains one of the most closely followed legal and governance developments in South Africa at present.
Source: Thepressradio.com
News
Two soldiers wounded, 24 terrorists eliminated as troops repel attack in Yobe-Army reveals
Troops of Operation HADIN KAI have repelled a coordinated terrorist attack on Kukareta in Yobe State, wasting 24 insurgents and recovering a ‘large cache of arms and ammunition in the process’.
According to an official statement issued on Thursday, the troops of the Joint Task Force (North East) under Sector 2 engaged the attackers in the early hours of the day, after they launched what was described as a “determined terrorist attack” on the Kukareta location.
The statement was signed by Lieutenant Colonel Sani Uba, Media Information Officer at Headquarters Joint Task Force (North East), Operation HADIN KAI.
The statement noted that “the attack, which commenced shortly after midnight and lasted until about 0300 hours, was met with a swift and coordinated response by vigilant troops who executed a deliberate offensive-defensive action, effectively containing the assault and forcing the terrorists into a disorderly withdrawal.”
Military authorities disclosed that the fierce engagement resulted in significant losses for the insurgents, with “24 terrorists neutralised so far,” while troops continue to comb the area for additional casualties and fleeing fighters.
In the aftermath of the confrontation, troops reportedly recovered a substantial stockpile of weapons and ammunition abandoned by the retreating terrorists.
Items recovered include “18 AK-47 rifles, 3 General Purpose Machine Guns (GPMG), 2 PKT automatic anti-aircraft guns, 3 RPG tubes, 2 mortar tubes, 4 hand grenades, 18 AK-47 magazines, and large quantities of belted 7.62mm ammunition for PKT systems.”
The military also confirmed casualties on the side of government forces.
“Troops recorded 2 personnel wounded in action, who have been stabilised,” the statement said, adding that “one reinforcing armoured tank sustained damage with all tyres blown out during the engagement,” the statement said.
Further details indicated that exploitation operations are ongoing across the battlefield, particularly along the withdrawal routes of the insurgents. These areas were described as being “littered with blood trails and medical consumables,” suggesting that more casualties may have been inflicted on the fleeing fighters.
Kukareta, located within the broader conflict-affected areas of Yobe State, has witnessed periodic insurgent incursions, making sustained military vigilance critical to preventing territorial breaches and protecting civilian populations in surrounding communities.
The Army emphasized that the successful defence of Kukareta underscores the operational strength of its forces in the North East theatre.
It stated that “this successful operations highlights the resilience, combat readiness and fire superiority of OPHK troops in denying terrorists freedom of action.”
Reaffirming its commitment to sustaining pressure on insurgent groups, the military assured that “operations will continue with sustained offensive pressure to consolidate gains and decisively defeat all terrorist elements across the Joint Operations Area.”
News
Wale Edun resigned as Finance Minister on health grounds — Presidency
The Presidency has clarified that former Finance Minister Wale Edun and former Housing Minister Ahmed Musa Dangiwa voluntarily resigned their positions before President Bola Tinubu announced their replacements on Tuesday, dismissing insinuations that the two ministers were fired.
Edun, who turned 70 on Monday, submitted his resignation letter on his birthday, citing health reasons.
He paid a valedictory visit to the President at the Villa on Tuesday, holding an hour-long discussion before departing to focus on his private businesses.
“It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda,” Edun wrote in his resignation letter, adding that Nigeria had emerged stronger and more internationally respected under Tinubu’s leadership.
Dangiwa similarly tendered his resignation and thanked the President for the opportunity to serve in the Federal Executive Council.
Edun, an economist and investment banker, served as Lagos State Commissioner for Finance between 1999 and 2004 under then Governor Tinubu.
He co-founded Investment Banking and Trust Company Limited, now Stanbic IBTC, in 1989, and later founded the Chapelhill Denham Group in 1994.
Dangiwa, an architect, previously served as Managing Director of the Federal Mortgage Bank between 2015 and 2022 and as Secretary to the Katsina State Government before his ministerial appointment in August 2023.
Tinubu expressed appreciation to both men for their contributions to his administration’s economic reform programme and urged the incoming Finance Minister, Taiwo Oyedele, to consolidate ongoing reforms with renewed focus and discipline.
The President is expected to shortly transmit the name of Muttaqha Rabe Darma, also from Katsina, to the Senate for confirmation as the new Housing Minister.
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