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No More N1300/liter: Petrol Stations Release New Fuel Prices Nationwide

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Transport fares have started rising in parts of the country as the price of Premium Motor Spirit (PMS), popularly called petrol or fuel, climbed to as high as ₦1,400 per litre amid a fresh increase in the international price of crude oil, according to Naija News.

The development has triggered fresh concerns among commuters, commercial transport operators and small business owners, who fear that the increase will further worsen the country’s cost-of-living crisis.

Naija News reports that the latest increase followed a surge in global crude oil prices, with Brent crude rising above $100 per barrel amid renewed tensions in the Middle East and concerns over possible disruptions to global oil supplies.

Fresh loading data obtained from petroleum marketers showed that ex-depot petrol prices increased in parts of Lagos, Warri and Calabar.

In Lagos, A.A. Rano increased its ex-depot price from ₦1,275 to ₦1,279 per litre, while African Terminal, Ascon, Gulf Treasure, Integrated and T.Time raised their prices to ₦1,275 per litre.

Aiteo, Heyden and Nipco maintained their existing price of ₦1,275 per litre, while Emadeb reduced its price marginally from ₦1,278 to ₦1,274 per litre.

The Dangote Refinery, the country’s dominant petrol supplier, on Thursday resumed gantry loading of Premium Motor Spirit in naira after a week-long suspension.

The refinery, however, raised its ex-depot petrol price to ₦1,215 per litre.

It had suspended gantry and coastal loading on July 15 after introducing a dollar-denominated pricing template for its refined petroleum products.

The latest adjustment represents a ₦140 increase per litre, or a 13.02 per cent rise, from the previous price of ₦1,075 per litre.

The refinery had attributed the introduction of dollar-based transactions to difficulties in accessing enough crude oil under the Federal Government’s naira-for-crude arrangement.

Under the temporary dollar-based pricing system, petrol was sold at $0.779 per litre, diesel at $1.087 per litre and Jet A1 aviation fuel at $0.942 per litre.

Nigerians Lament Rising Transport Costs
Naija News reports that the fresh increase has sparked anger and frustration among Nigerians, with residents complaining that transport fares usually rise immediately after petrol prices go up but rarely fall when the cost of crude oil drops.

Before the latest escalation in Middle East tensions, Brent crude had fallen to around $70 per barrel, the level at which it traded before the war in February.

However, Nigerians said petrol prices remained above ₦1,000 per litre despite the drop in international crude prices.

The Federal Government had previously summoned oil marketers and other stakeholders to ensure that petrol prices reflected the decline in international crude prices. However, residents said there was no significant reduction before the latest increase.

In Abuja, residents said rising transport costs were taking a large portion of their monthly income.

A civil servant, Grace Okeke, who spoke with Daily Trust, said every increase in petrol prices immediately affected her cost of transportation.

“My salary has not changed, but I now spend much more just getting to work and back. It is becoming impossible to survive in Abuja,” she said.

Another resident, Musa Ibrahim, said the increase would also affect the prices of food and other essential goods.

“Transportation affects everything. Farmers, traders and transporters will simply transfer the additional cost to consumers. Ordinary Nigerians are the ones paying the price,” he said.

Drivers Struggle With Rising Fuel Costs
Commercial drivers said they were also facing difficulties as the price of petrol continued to change.

A taxi operator, Emmanuel Ujah, said the frequent changes made it difficult for drivers to plan their businesses.

“You don’t know what petrol will cost tomorrow. That uncertainty affects our business and our families,” he said.

Another driver, Ganiyu Jide, said fuel now takes the biggest part of his daily earnings.

“If we don’t adjust transport fares, we cannot maintain our vehicles or even feed our families,” he said.

Although transport fares have not increased uniformly across Abuja, commuters said they were paying between 20 and 40 per cent more on some routes compared with a few weeks ago.

In Lagos, some transport operators have started reviewing fares on busy routes.

However, competition among commercial bus operators has prevented a general increase across the state.

Fuel marketers are also selling petrol at different prices, depending on their location and source of supply.

The varying prices have created uncertainty for transport operators who often need to buy fuel more than once a day.

Ibadan Fares Remain Stable
In Ibadan, the Oyo State capital, transport fares have remained relatively stable despite petrol selling between ₦1,260 and ₦1,300 per litre at some filling stations.

BOVAS sold petrol at ₦1,260 per litre, while Amazing Filling Station dispensed the product at ₦1,300.

A commercial driver, Kamoru Iyanda, said transport operators could not increase fares every time petrol prices went up because passengers were also struggling.

“It is difficult to adjust fares every time because passengers cannot afford it. Sometimes we absorb the losses,” he said.

Another driver, Amoo Saheed, said unstable fuel prices had continued to reduce the earnings of commercial transport operators.

In Ilorin, Kwara State, several major and independent filling stations increased their pump prices by between ₦35 and ₦85 per litre.

AP raised its price from ₦1,220 to ₦1,290 per litre, while BOVAS and Abanik sold at ₦1,260.

NIPCO sold at ₦1,300, NNPCL stations at ₦1,305, Optimal at ₦1,255 and External at ₦1,298.

Shafa and Atgris sold at ₦1,300, Total at ₦1,285 and Olak at ₦1,260 per litre.

Residents said the increase would have a ripple effect on transport fares and the prices of food and other goods.

They urged the government and relevant agencies to take urgent steps to stabilise petrol prices and reduce the burden on ordinary Nigerians.

One resident, Ola Yemi, described the development as disturbing and criticised the government’s policies.

“It’s very disturbing, and some of the policies of this government are really disappointing. I am beginning to think seriously that it is because of the forthcoming election. I believe they are trying to raise enough funds without considering the condition of the masses.

“Initially, we were told that the increase was because of the tension in the Middle East, but the situation appears different now,” he said.

Kaduna drivers uncertain over future prices
In Kaduna, petrol was selling for about ₦1,350 per litre after dropping below ₦1,200 only a few weeks earlier.

A commercial driver, Hassan Ya’u Kanti, said the rapid changes in petrol prices were becoming unbearable.

“A few days ago we bought fuel at about ₦1,190. Now it is ₦1,350. We don’t know what tomorrow will bring,” he said.

He said passengers often blamed drivers whenever transport fares increased, despite the rising cost of fuel.

“We are only trying to survive,” he added.

Adamawa Operators Monitor Market
In Adamawa State, NNPCL stations were selling petrol at ₦1,310 per litre, while AA Rano, Eterna and other independent marketers sold between ₦1,360 and ₦1,370.

The Commercial Manager of Adamawa Sunshine Transport Company, Aminu Muhammad, said the company would study the situation before deciding whether to increase fares.

“We don’t rush into increasing transport charges. We usually monitor developments for several weeks before taking any decision,” he said.

Kano Fares Unchanged
In Kano, transport fares have remained largely unchanged despite the increase in petrol prices.

Commercial tricycle operators said they were waiting to see if the fuel price would stabilise before reviewing their fares.

A tricycle operator, Hayatu Usman, said the latest increase was not enough to justify an immediate fare hike.

Passengers interviewed in the city also confirmed that they were still paying the same fares.

A Bayero University Kano student, Mujahid Aminu, said he still paid ₦300 for his daily trip from Zawaciki to the university’s New Campus.

Maiduguri Transport Fare Rises By ₦5,000
In Maiduguri, Borno State, independent filling stations were selling petrol between ₦1,370 and ₦1,390 per litre.

The development has also affected inter-state transportation, with the fare from Maiduguri to Kano rising from ₦20,000 to ₦25,000.

The Chairman of the Independent Petroleum Marketers Association of Nigeria in Borno State, Mohammed Kuluwu, said fluctuating prices were discouraging some marketers from buying petrol.

“Sometimes you buy at a high price only for prices to fall before the product reaches Maiduguri. Many marketers are now afraid to buy,” he said.

Small business owners who depend on petrol-powered generators also expressed concern over the latest increase.

A barber, Chinedu Nwafor, said he was spending more on petrol for transportation and electricity generation.

“If this continues, I will have no option but to increase the prices of my services,” he said.

Market Forces To Blame – Says Expert
An energy law expert at the University of Lagos, Professor Dayo Ayoade, said the rising petrol prices were a reflection of Nigeria’s deregulated petroleum market.

He explained that local petrol prices were now directly affected by movements in international crude oil prices and the exchange rate.

According to him, the Petroleum Industry Act limits government intervention in petrol pricing except when there are market anomalies.

However, he said Nigeria’s crude oil commitments under existing financing arrangements had reduced the volume of crude available for domestic supply.

He said, “When price of crude oil is high, that price will be passed on to consumers. You can see that Dangote at one point was talking about Nigerian marketers paying for its products in dollars because the vast majority of its expenditure is in dollars and it’s spending a lot of money to import crude oil into Nigeria. This means that the crude oil for Naira has, I don’t want to say failed, but it has been of limited use to Dangote refinery.”

He added, “As such, we find that the exposure of our local PMS markets to the vulnerabilities of an oil shock and increasing prices due to the US-Iran war will be ongoing. So long as the war continues, the price will go up and Nigeria will be unable to protect itself against that higher cost.”

Ayoade said the government and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had limited capacity to protect consumers from the impact of rising crude oil prices.

“The Petroleum Industry Act provides for a market price, so it’s the market that now determines the price in Nigeria. Unfortunately, the federal government and NMDPRA have limited capacity to intervene and insulate consumers from crude oil.

“One way we could have done it is to expand Naira for crude, but if you go and check, Nigeria has mortgaged the overwhelming majority of its crude oil cargoes for cash and because it has done this, the amount of barrels available is so small and that it’s embarrassing,” he said.

Another industry analyst, Abdullahi Shehu, called on the Federal Government to subsidise crude oil supplied to the Dangote Refinery and other local refineries.

“He can subsidise ₦700 per litre to all the local refineries so Nigerians can buy petrol at ₦500 per litre. This is better for Nigerians than seeing the savings from subsidy removal being looted mercilessly,” he told Daily Trust.

An economist and oil and gas expert, Dr Marcel Okeke, also said the government’s reforms were not producing the desired results.

According to him, any reform that fails to improve the welfare and standard of living of citizens cannot be considered successful.

He said, “The truth is whatever you claim you have achieved and it doesn’t reflect in the well being, welfare and standard of living of the people, what are you talking about?

“Many Nigerians have been made worse off by the reforms. Look at the situation of petrol alone, as of May 2023, the price per litre was below N200 per litre. At that time it came to N800. But since the Middle East war started, everything has gone haywire, moving around N1,300 and N1,400 and now it is going to N1,500.”

Okeke alleged that the government had failed to fix the country’s refineries and reduce dependence on imported petroleum products.

He attributed the failure to what he described as vested interests benefiting from fuel importation.

“They want to continue the importation so as to continue the super profits they are making,” he said.

Source: Naija News

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Dangote Refinery Announces Fresh Job Vacancies for Nigerians

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Dangote Group has announced fresh employment opportunities for qualified candidates across several departments at its refinery site.

The vacancies are listed under Dangote-Refinery as the business unit, with the location stated as Dangote Petrochemicals (DPRP) and the department identified as Refinery Site.

The available positions cover procurement, warehouse management, logistics, supply and material planning, compliance, information technology, sustainability and data analytics.

List of Dangote Refinery jobs The 24 positions advertised on the company’s careers platform are: 

Industrial Hygienist

Sanitary Inspector

Employee Relations Specialist

Procurement Contract Specialist

Warehouse Team Lead – PPU

Warehouse Manager – PPU

Head, Supply and Material Planning

Head, Logistics & Road Safety Operations

Sales & Operations Planning Manager (S&OP)

Procurement Supplier Specialist

Compliance and Governance Lead

Contract Management Lead

Risk Management Lead (Supply Chain)

Governance and Compliance Specialist

Procurement Supplier Lead

Transport/Dispatch Manager – PPU

Transport/Dispatch Lead – PPU

System Administrative Officer

ESG & Sustainability Manager

ESG / Sustainability Analyst

Lead, System Administration

ISO Management System Coordinator

Data Analytics/System Analyst

Decarbonization Manager

Requirements for Dangote Refinery jobs

The requirements differ depending on the position, and applicants are expected to check the full job description for their preferred vacancy.

Several of the positions require relevant bachelor’s degrees, HNDs or specialised diplomas in fields such as engineering, supply chain management, logistics, business administration, environmental science, public health, information technology and related disciplines.

Some roles also require or favour professional certifications. Depending on the position, these may include certifications in supply chain management, logistics, quality management, information technology and other relevant professional fields.

Work experience is another major requirement, particularly for senior positions.

The experience requested varies from role to role, with some managerial and leadership positions requiring several years of relevant industry experience.

For example, the Warehouse Team Lead – PPU position requires relevant experience in warehouse, logistics or supply chain operations, while the Warehouse Manager – PPU role requires significantly more experience, including managerial exposure.

Applicants for technology-related positions may also need experience with SAP, ERP systems, databases, system administration, Microsoft Excel, Power BI, data analytics and system integration, depending on the vacancy.

For the ISO Management System Coordinator position, candidates are expected to have relevant academic qualifications and experience with international management standards.

The Sanitary Inspector role has more specialised requirements, including qualifications in sanitary inspection, environmental health or public health technology, with related experience preferred.

How to apply for Dangote Refinery jobs Interested candidates should visit the official Dangote careers platform and select the position that matches their qualifications and experience.

Applicants should carefully read the individual job description because the educational qualifications, professional certifications, technical skills and years of experience differ across the 24 positions.

Link to apply 

 

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BREAKING: Again, NNPC Announces New Petrol Price Nationwide

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The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol by N5 per litre at its retail outlets in Lagos from N1,360 to N1,355.

Motorists in Lagos and Rivers now pay N1,355 per litre, making them the cheapest locations on NNPC’s updated price list. Abuja buyers are paying N1,370 per litre under the new arrangement.

NNPC petrol prices across Nigeria

Yobe has the highest petrol price at N1,435 per litre, followed by Niger State at N1,433.

Borno, Gombe, Nasarawa and Sokoto are all priced at N1,430 per litre, placing them among the states with the highest fuel prices.

Several south-western states fall within the lower price range. Ogun and Oyo both sit at N1,367, while Osun is priced at N1,358.

Akwa Ibom is at N1,360, just above the Lagos and Rivers rate.

In the south-east, Anambra, Enugu and Imo are each priced at N1,372, with Ebonyi slightly higher at N1,375. Abia is priced at N1,370, the same as Abuja.

Further north, Kaduna is at N1,400, Zamfara at N1,414, while Adamawa, Jigawa, Kebbi, Plateau and Taraba are all priced at N1,420. Bauchi and Kano share a rate of N1,385, while Benue is at N1,410.

In the South-South, Delta is priced at N1,379, Bayelsa and Edo at N1,380, and Cross River at N1,390. Kwara is at N1,375, while Kogi is priced at N1,390. The full breakdown of the new NNPC petrol prices per litre is as follows:

Lagos: N1,355 Rivers: N1,355 Akwa Ibom: N1,360 Osun: N1,358 Ogun: N1,367 Oyo: N1,367 Abia: N1,370 Abuja: N1,370 Anambra: N1,372 Enugu: N1,372 Imo: N1,372 Ebonyi: N1,375 Kwara: N1,375 Ekiti: N1,377 Ondo: N1,377 Delta: N1,379 Bayelsa: N1,380 Edo: N1,380 Bauchi: N1,385 Kano: N1,385 Cross River: N1,390; Kogi: N1,390 Kaduna: N1,400 Benue: N1,410 Zamfara: N1,414 Adamawa: N1,420 Jigawa: N1,420 Kebbi: N1,420 Plateau: N1,420 Taraba: N1,420 Borno: N1,430 Gombe: N1,430 Nasarawa: N1,430 Sokoto: N1,430 Niger: N1,433 Yobe: N1,435

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From Kabiru to Khalifa: How Abdul Samad Rabiu is Quietly Positioning his Son in the Corridors of Business and Power

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Once, his younger brother Kabiru was one of the familiar family figures around the BUA empire. Now another generation is moving steadily into view as Abdul Samad Rabiu brings his son, Khalifa, closer to the business, relationships and rarefied circles surrounding one of Africa’s largest industrial fortunes.

On Friday, October 2, 2026, when Abdul Samad Rabiu went calling on President Bola Ahmed Tinubu at his Ikoyi residence in Lagos, he did not go alone. Beside the billionaire industrialist was his son, Isyaku Abdulsamad “Khalifa” Rabiu, the young BUA executive whose presence increasingly seems to accompany his father into rooms where business, government and influence converge. Rabiu said the visit afforded an opportunity to reflect on Nigeria’s journey and its future, while other reports confirmed that the BUA chairman was among several prominent business and political figures received by the President that day.

On the surface, there was nothing extraordinary about it. Wealthy fathers travel with their sons, introduce them to friends and take them to important engagements every day. Yet, when the father is Abdul Samad Rabiu, founder of an industrial empire painstakingly assembled over decades, and the son has recently moved into a strategic executive position within that empire, the optics acquire a different texture. A photograph becomes more than a photograph; a handshake begins to look like an introduction, and what appears to be a simple father-and-son outing starts to resemble that ancient ritual through which successful men gradually acquaint the next generation with the world they may one day have to navigate without them.

For those who have watched Abdul Samad through the years, the changing silhouette around him is difficult to miss. There was a time when his younger brother, Kabiru Rabiu, represented one of the most prominent family presences within the BUA establishment, rising through the group’s operations and eventually becoming Group Executive Director, while also serving as a non-executive director of BUA Foods and BUA Cement. He remains firmly embedded in the conglomerate, with more than two decades of experience across edible oils, cement and infrastructure.

Kabiru belongs to Abdul Samad’s generation, however, and that distinction matters because every family empire, no matter how vast or professionally managed, eventually encounters the question that money alone cannot answer: what happens when the generation that built it begins to make room for the generation that must preserve it?

It is within that quiet, complicated passage that Khalifa is increasingly becoming interesting.

His emergence has not arrived with trumpets, ceremonial titles or the public unveiling of a successor. Abdul Samad has not declared him heir to BUA, and nothing in the public record justifies such a conclusion. What has become visible instead is something subtler and perhaps more meaningful: a gradual accumulation of responsibility, exposure and proximity, the three ingredients through which the children of powerful business families are often introduced to the burden behind the privilege.

Khalifa is no longer merely the billionaire’s son appearing occasionally beside his father. On January 29, 2026, BUA Foods appointed him Chief Officer, Global Procurement and Strategic Operations, giving him responsibility for the company’s end-to-end global procurement function and strategic operational initiatives. Before that appointment, he served as Director for Special Operations at BUA Group, where his work included transformation projects, supplier relationships, wheat sourcing, animal-feed production, the commercial reintroduction of BUA rice and other operational initiatives.

There is something instructive about where he has been placed. For the son of one of Africa’s wealthiest industrialists, a grand office and ornamental designation would have been easy enough to manufacture, the sort of corporate embroidery with which family businesses sometimes decorate heirs who have yet to acquire the scars of enterprise. Khalifa, however, has been taken closer to procurement, supply chains and operations, into the less glamorous entrails of an industrial organisation where fortunes are not discussed in abstract terms but depend on the relentless movement of wheat, sugar, machinery, ships, suppliers, currencies, warehouses and markets.

Perhaps that is the more revealing education his father is giving him. Abdul Samad appears less interested in merely showing the young man the assets than in allowing him to understand how those assets breathe.

Factories photograph beautifully, particularly when they rise from acres of land in steel and concrete, but the real life of an industrial empire occurs away from the cameras, in the anxious arithmetic of raw-material costs, shipping schedules, exchange rates, energy, regulation, financing and distribution. The young man who may someday occupy a larger place within such a system must learn that wealth is not sustained by the serenity of the chairman’s office but by countless decisions made under pressure, many of them invisible to the public until one of them goes wrong.

Khalifa’s academic preparation seems almost tailored to the wider world awaiting him. He studied International Relations at Regent’s University London and later earned a Master’s in Management from Georgetown University’s McDonough School of Business, combining an education in states, diplomacy and institutions with the language of management and enterprise.

That marriage of disciplines becomes particularly interesting when considered against the circles into which he has been born and the ones into which he is now increasingly being introduced.

There is, of course, another dimension to his story. Khalifa is one of the children from Abdul Samad Rabiu’s former marriage to Hannatu Musawa, the lawyer, writer and public official who currently serves in President Tinubu’s cabinet as Minister of Art, Culture, Tourism and the Creative Economy. Musawa has herself spoken publicly about her former marriage to Rabiu and the enduring ties between their families.

There is nothing publicly established to suggest that he is preparing to contest an election or embark on a conventional political career. What he possesses instead is exposure: a father situated at the commanding heights of Nigerian private enterprise and a mother operating within the upper reaches of government, two worlds that remain distinct but inevitably encounter each other wherever industry, regulation, investment and public policy meet.

That is why Friday’s visit to President Tinubu is noteworthy without needing to be exaggerated. Its importance lies less in whatever may have been discussed behind closed doors than in the simple fact that Khalifa was there, standing beside his father and becoming familiar with another environment in which his surname, responsibilities and future may eventually carry their own weight.

Such encounters form a peculiar education unavailable in lecture halls. Universities can teach capital allocation and international relations, but they cannot completely teach the temperament of power: how an industrialist speaks to a president without becoming obsequious, how one carries disagreement without converting it into hostility, how old relationships are tended, how new ones are cultivated, or how to distinguish those who are merely attracted to wealth from those whose trust survives difficult seasons.

Those lessons are absorbed by watching.

They reside in airport lounges and factory inspections, private dinners and waiting rooms, board meetings and courtesy visits, in introductions that appear inconsequential until, perhaps ten years later, a name remembered from a handshake becomes the person sitting across a negotiating table.

This is how relationships are inherited, if relationships can ever truly be inherited at all. A father may leave his son factories, shares, houses and an enviable portfolio of assets, but he cannot simply insert forty years of trust into an estate document. The son must accumulate his own credit among bankers, investors, regulators, political leaders, employees and business partners, even when the father’s name opens the first door.

Abdul Samad should understand the intricacies of that inheritance better than most. He was himself born into the formidable commercial tradition of the late Khalifah Isyaku Rabiu, the Kano merchant, scholar and industrialist whose name carried considerable weight long before BUA became the corporate colossus it is today. Abdul Samad inherited a tradition of enterprise but did not merely preserve it; he recast it for another age, moving far beyond the familiar pathways of trading into manufacturing on a scale that turned cement, sugar, flour and other essential commodities into the pillars of a modern industrial fortune.

Now the wheel appears to be turning again.

There is an almost poetic symmetry in the fact that another Khalifa is moving towards the centre of the Rabiu story, although it would be simplistic to describe what is happening as a transfer of the crown. BUA is today too sprawling and professionally structured to be reduced to a princely succession tale, and Kabiru Rabiu remains an important figure in its leadership. The more compelling point is that Khalifa has moved beyond merely being part of the family photograph; he now occupies a position where he can be tested by responsibility, measured by results and introduced gradually to the ecosystem surrounding the family enterprise.

That is how serious succession often begins, not with coronation but with apprenticeship. A young man is first handed work that can expose his weaknesses, then brought into relationships that can test his temperament, before the people who have dealt with his father for decades begin, cautiously, to deal with him in his own right. The family name may secure the introduction, but eventually the young man must demonstrate whether there is substance behind it.

For Abdul Samad, therefore, legacy will one day amount to considerably more than deciding how factories, shares and investments are distributed among heirs. The harder inheritance will be culture, discipline, judgement and the instinct for survival that allowed a family trading heritage to become an industrial institution. Kabiru represents an important part of the generation that travelled that journey alongside him; Khalifa increasingly represents the question of what follows after it.

Seen from that perspective, the young man’s growing presence around his father acquires a meaning beyond privilege. He is watching a man who has spent decades learning the peculiar choreography of Nigerian capitalism, where enterprise lives constantly in conversation with government, regulation, foreign capital, infrastructure and politics without necessarily becoming politics itself. He is being allowed to observe not simply how a fortune is enjoyed but how influence is managed, relationships are preserved and institutions are kept alive through changing governments and economic seasons.

That may ultimately be the most valuable thing Abdul Samad can give him.

Factories can be inherited. Shares can change names on a register. Houses and aircraft can pass from father to son with the neat efficiency of lawyers and trustees. What cannot be transferred so easily is the confidence of people who matter, the discipline to remain composed when markets rebel, the instinct to recognise danger before it announces itself and the ability to enter a room full of powerful men without being diminished by them or intoxicated by their attention. Those things take time.

And perhaps that is the deeper meaning of Khalifa walking beside his father into President Tinubu’s Lagos residence on Friday: the young man is no longer being shown only the empire.

He is being introduced, carefully and gradually, to the world around it.

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