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Dangote Refinery, Ardova Plc Strike Bulk Purchase Deal

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As part of the measures to guarantee supply security of fuel at affordable prices for its customers, Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses has agreed to a bulk purchase framework with Dangote Refinery.

This was revealed in a statement by the Head of Brands and Corporate Communications, Ardova Plc, Grant Onome.

According to the statement, the partnership will see Ardova Plc off take a full slate of petroleum products from the refinery.

While Ardova Plc has been a significant off-taker from the refinery since its inception, Onome said the new framework will institutionalise a more robust relationship between the two companies to enhance further the emerging competitive landscape in the downstream oil and gas industry in the country.

“This framework is in line with President Tinubu’s drive for competition and improved efficiency in the industry, and Ardova Plc will deliver products at competitive prices nationwide,” the statement read in part.

The development comes following the recent commencement of crude oil refining by Dangote Refinery, Port Harcourt Refinery, and Warri Refinery.

Dangote Refinery recently also partnered with MRS to sell Premium Motor Spirit or petrol at ₦935 per litre nationwide at its retail outlets.

The development came after the Nigerian National Petroleum Company Limited also slashed prices below ₦1,000 per litre.

Speaking about the deal, Aliko Dangote said “To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” the statement added.

In the statement, Dangote called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high-quality petrol at cheaper prices.

“Our aim is for all Nigerians to have ready access to high-quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.”

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Business & Economy

Dangote Refinery’s Free Fuel Delivery Reaches Kano, Imo, others

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— Distribution burden removed for savings to reach consumers. — Dangote

–IPMAN applauds initiative

Free delivery of fuel to filling stations is expected to reduce distribution costs for independent petroleum marketers and create room for lower petrol prices.
This objective explains why Dangote Petroleum Refinery and Petrochemicals has expanded its free petroleum product delivery initiative to Kano, Imo, Anambra and Nasarawa States.

The initiative, which initially covered Lagos, Ogun, Rivers, Kaduna, Abuja and Delta, is designed to take petroleum products closer to marketers and retailers while eliminating the cost of transporting products over long distances from the refinery.

By absorbing delivery costs, the refinery is removing a significant expense from the downstream distribution chain and giving marketers more room to operate at competitive prices.

Group Executive Director, Commercial Operations, Oil & Gas, WAEP and Fertiliser, Fatima Aliko Dangote, said the initiative was intended to ensure that the benefits of domestic refining translate into savings for businesses and consumers. In her words:

“The value of domestic refining must ultimately be felt beyond the refinery gate. By absorbing the cost of delivering petroleum products to our customers, we are removing a significant component of the distribution burden and creating room for those savings to flow through the value chain to consumers.

“Our goal is to make fuel distribution more efficient, reduce avoidable costs and support more competitive pump prices across Nigeria.”

The initiative has been welcomed by the Independent Petroleum Marketers Association of Nigeria (IPMAN), which said it would ease some of the financial and logistical pressures facing independent marketers.

National Publicity Secretary and Public Relations Officer of IPMAN, Chinedu Ukadike, said the initiative addresses a longstanding challenge in the petroleum products distribution chain, where marketers commit substantial funds to product purchases and may wait for days or weeks before their orders are loaded and transported. Ukadike said:

“This gesture, if sustained, will be able to alleviate the sufferings of independent marketers.

“There has been the issue of financial hold-up, whereby marketers pay for products and are not loaded for days and weeks, and they suffer unnecessary hardship bringing the product down.”

According to him, Dangote’s delivery arrangement would reduce the period marketers’ funds remain tied up, improve cash flow and allow them to deploy their capital more efficiently.

“This time around, Dangote has made it very, very easy for marketers. Marketers are jubilating, and you will see the return on investment as an independent marketer. Your money will not be tied down,” he said.
Ukadike said the initiative could also help moderate pump prices because transportation costs are ultimately reflected in the price consumers pay.

“You also have less risk, and you have petroleum products at your doorstep. Other consumers will also see that our pump price will not continue to go up. The more Dangote brings down its pump price, the more independent marketers will bring down theirs.”

The impact is expected to be particularly significant in markets located far from the refinery, where marketers traditionally incur substantial haulage, vehicle operating, insurance and other logistics costs.

Removing those expenses could improve the economics of supplying distant markets while reducing the risks associated with transporting large volumes of petroleum products over long distances.

Ukadike commended Dangote Refinery for the initiative and urged the company to extend the programme to more locations, particularly in the northern states.

He described the development as a practical demonstration of the benefits of competition and deregulation in Nigeria’s downstream petroleum sector.

“This is the beauty of deregulation and competition,” he said.

The expansion comes as Nigeria’s downstream petroleum market adjusts to rising domestic refining capacity and increased competition among suppliers.

The Dangote Petroleum Refinery, with a capacity of 700,000 barrels per day, has continued to supply refined petroleum products to the domestic market while expanding its presence in international markets.

The free delivery initiative adds a new dimension to the refinery’s role in the downstream sector by targeting not only product availability but also the cost of moving products from the refinery to end markets.

For consumers, the potential benefit is straightforward: lower distribution costs could give marketers greater room to reduce pump prices and improve the competitiveness of petroleum products across the country.

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Oil and Gas

City Boy Movement Calls for Peace Ahead of APC Primaries in Ekiti

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The City Boy Movement has appealed to aspirants, party leaders and supporters participating in the All Progressives Congress (APC) National and State Assembly primary elections in Ekiti State to embrace peace and shun violence during the exercise.

 

 

In a statement issued in Ado-Ekiti on Friday by the Director of Media and Communications of the movement, Alofe Ayodele Moses, the group urged all stakeholders to conduct themselves with restraint and maturity as the primaries commence.

 

 

The movement stressed the need to preserve the peaceful atmosphere currently being enjoyed in the state under the administration of Governor Biodun Oyebanji, noting that no political ambition should lead to bloodshed or crisis within the party.

 

 

According to the statement, the APC was founded on the principles of justice and equity, expressing confidence in the party leadership to conduct a fair, transparent and credible primary election.

 

 

The group stated that democracy thrives on healthy competition rather than intimidation, violence or desperation, adding that all aspirants and their supporters should place the collective interest of the party above personal ambitions.

 

 

The City Boy Movement also urged contestants and their supporters to peacefully accept the outcome of the primaries and avoid actions capable of overheating the political atmosphere in the state.

 

 

 

It further called on security agencies and party officials to remain proactive and impartial in maintaining law and order before, during and after the exercise.

 

 

 

The statement added that temporary political differences should not be allowed to divide members of the party, stressing that all stakeholders remain part of the same progressive family despite the contest.

 

 

 

The movement wished all aspirants success in the primaries and expressed optimism that the exercise would strengthen the unity, stability and electoral fortunes of the APC in Ekiti State.

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Oil and Gas

Fuel Price Hits ₦945 Per Litre in Abuja as PENGASSAN Strike Disrupts Supply

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Abuja residents are paying more for Premium Motor Spirit (PMS), also known as petrol, as pump prices soared across several filling stations in the Federal Capital Territory on Monday.

Checks revealed that major outlets, including Nigerian National Petroleum Company Limited (NNPCL) retail stations, Empire, AA Rano, and Shema, adjusted their prices to between ₦905 and ₦945 per litre as of October 6, 2025.

At Empire Filling Station in Gwarimpa, petrol was sold at ₦945 per litre, the highest rate recorded, while MRS, Emedeb, Raniol, and Eterna stations dispensed the product between ₦885 and ₦910 per litre.

Reacting to the development, the President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, and the association’s spokesperson, Chinedu Ukadike, attributed the price hike to supply disruptions caused by the recent PENGASSAN strike.

Maigandi explained that IPMAN members sourcing petrol from Dangote Refinery were still selling between ₦885 and ₦895 per litre, assuring that prices would normalize once the panic buying subsides.

“The feud between Dangote and PENGASSAN might have triggered artificial scarcity. I can assure you the price will drop in the coming days,” Maigandi said.

Ukadike also noted that the strike had led to temporary scarcity in Lagos and Abuja, but expressed optimism that fuel availability would soon stabilize.

Depot prices have reportedly risen slightly to ₦844 per litre at Dangote Refinery, ₦845 at Raniol and Aiteo, and ₦850 at NIPCO depots in Lagos.

The development follows the recent resolution of a dispute between Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which resulted in a two-day strike over the alleged mass sacking of Nigerian workers.

Following the Federal Government’s intervention, the strike was suspended, and Dangote Refinery publicly commended President Bola Ahmed Tinubu and others for their roles in ending the industrial action.

Meanwhile, at the 31st Nigerian Economic Summit (NES31) held on Monday, Vice President Kashim Shettima criticized PENGASSAN, saying the country is “bigger than any union.”

In response, PENGASSAN President Festus Osifo countered, stating that “the country is also bigger than Dangote Refinery and the presidency.”

 

 

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