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Just In: Dangote Refinery Adjusts Petrol Price Upward To N875

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Dangote Petroleum Refinery has bumped its ex-depot petrol price by ₦101, moving from ₦774 to ₦875 per litre.

A senior official confirmed the hike on Monday, citing high global crude oil volatility as the primary driver for the adjustment.

“Yes, the price has been reviewed. The new gantry price is now N875 per litre from N774. The review became necessary due to changes in global crude fundamentals and replacement costs,” the official said.

Checks by The PUNCH on petroleumprice.ng confirmed that the revised price had already been reflected, indicating a shift in downstream pricing benchmarks.

The price increase came shortly after the refinery suspended petrol loading operations effective midnight on March 2, 2026, following a sharp surge in international crude oil prices, which crossed the $80 per barrel threshold overnight.

Data obtained from industry sources showed that Premium Motor Spirit loading stopped at exactly midnight, halting product lifting and the issuance of Proforma Invoices, an indication that fresh transactions were temporarily paused.

However, the suspension applied strictly to petrol, as Automotive Gas Oil, popularly known as diesel, continued to load.

The refinery’s action also triggered a coordinated response across the downstream sector, as several private depot owners nationwide halted petrol sales during the trading day.

“Several depot owners suspended PMS sales because of the crude rally. The market is already factoring in risk premiums. Nobody wants to sell below replacement cost,” a downstream operator said.

The development comes amid heightened global oil market volatility linked to tensions between the United States and Iran, which have raised concerns about supply disruptions, particularly in the strategic Strait of Hormuz.

Five energy experts, in separate interviews with The PUNCH on Sunday, warned that Nigeria could witness further increases in petrol and diesel prices if crude oil prices climb above $90 per barrel.

They said sustained hostilities in the Middle East could disrupt global supply chains, increase shipping and insurance costs, and raise import and refining costs for products despite Nigeria’s growing local refining capacity.

 

 

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MC Oluomo Retakes NURTW Secretariat In Abuja Following Clashes

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Musiliu Akinsanya, popularly known as MC Oluomo, has regained control of the National Union of Road Transport Workers (NURTW) national secretariat in Abuja.

This follows a highly volatile 24-hour period marked by a leadership struggle between MC Oluomo and a rival faction led by Tajudeen Baruwa.

MC Oluomo returned to the secretariat to inspect damaged property following the takeover, according to a video shared by TVC on X.

The development followed an earlier move on Monday by a faction led by Tajudeen Baruwa, which occupied the secretariat, claiming that court rulings supported its action.

Baruwa, who addressed journalists after the occupation, maintained that his faction acted within the law and in line with court decisions.

“Their body language has not been encouraging despite repeated assurance that we are not going back to foment any trouble, as we are a law-abiding union whose only mission is to get back what belongs to us,” he said.

“But today, as you can see, we are taking over in a peaceful manner, and it is not a forceful takeover but just carrying out the court’s orders,” he added.

He said the police had been formally notified and provided with copies of the judgments but alleged that the response was not encouraging.

“Again, please be aware that our coming here after two years is to occupy our office, having obtained judgments at both the lower court and the Appeal Court, but they refused to obey court orders after waiting for about two years. We decided to resume at the office today without causing any violence, and here we are,” he said.

Baruwa also alleged that one of his members was attacked during the process.

“Although the other faction attacked one of our members, who is now in the hospital, the situation is under control. We are still open to reconciliation as we are a lawful organisation and not a troublemaker. No one is above the law,” Baruwa stated.

Reacting on Monday via his Instagram page, MC Oluomo described the development as a “forceful takeover” and insisted that legal proceedings were still ongoing.

He said he was not a defendant in the judgment cited by Baruwa and disclosed that the ruling had been appealed, with a stay of execution already secured.

“The National President wishes to inform members of the union and the general public that he was not a defendant in the purported judgment.

“The judgment has been appealed, and a stay of execution has been duly entered. He has not engaged with Mr Baruwa or any individual, aware that cases are pending in court.

“The situation is under the control of security agencies. Alhaji Musiliu Ayinde Akinsanya remains the National President of NURTW,” the statement read.

Akinsanya urged union members to remain calm and law-abiding as the leadership dispute continues.

Tribune Online reports that the Federal Capital Territory (FCT) Police Command on Monday arrested Baruwa and six others following the incident.

 

 

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Biola Bayo Deletes Baba Ijesha Interview From All Platforms After Nigerians React

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Nollywood actress and podcaster Biola Bayo (Abiola Adebayo) has deleted her controversial interview with convicted actor Baba Ijesha from her Instagram and YouTube channels following intense public backlash.

The decision to take down the content came after Nigerians criticized the platforming of a convicted child molester, accusing Bayo of helping him downplay his crimes and “reopen wounds” for the victim.

In the now-deleted interview, Baba Ijesha addressed the story behind the se,xual assault that led to his conviction.

He insisted that he is neither a rap!st nor a pedophile, maintaining his innocence despite the controversy surrounding the case and serving a JAIL TERM.

During the conversation, the actor also expressed disappointment towards Damilola Adekoya, also known as Comedian Princess, accusing her of betraying those close to her.

He further spoke about Iyabo Ojo, stating that he felt hurt by her reaction to the situation.

The interview quickly sparked outrage online, with many criticizing both the actor’s remarks and Biola Bayo’s decision to host the conversation.

As the backlash intensified, the actress has now removed the video from her YouTube channel and restricted access to it on her Instagram page.

 

 

 

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El-Rufai Denied Immediate Release; Bail Hearing Set For March 31

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Former Kaduna State Governor Nasir El-Rufai will remain in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) after a Federal High Court in Kaduna adjourned his bail application to March 31, 2026.

El-Rufai was brought before the court on Tuesday over charges bordering on conversion of public property and money laundering.

The charges were preferred against him by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

He was brought to court by security operatives at about 9:00 am in a Hilux vehicle and was held in the car for about 25 minutes before being escorted into the courtroom about 10 minutes later.

Security operatives were stationed in and around the court premises ahead of the hearing.

During the court proceedings, Ukpon Akpan, counsel to el-Rufai, asked the court to grant bail to his client to allow him prepare for his defense.

The argument was rejected by the prosecution counsel who argued that the bail could interfere with the commission’s investigation.

The former governor has been in the custody of the ICPC since February 19 after he was released by the Economic and Financial Crimes Commission (EFCC).

Since el-Rufai’s arrest, there have been several calls for his release or arraignment.

In ICPC custody, the former governor refused to respond to questions posed by investigators, citing his right to remain silent.

On March 5, the magistrate court extended the initial remand order for el-Rufai by another 14 days.

El-Rufai had filed a fundamental rights suit before the federal high court in Abuja over the search conducted on his residence by the ICPC and the remand order issued on February 19.

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