Dangote Refinery announces fresh petrol price slash nationwide – Newstrends
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Dangote Refinery announces fresh petrol price slash nationwide

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Dangote Refinery announces fresh petrol price slash nationwide

In a move that promises some relief for Nigerian motorists, the Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol.

The new price now ranges from N875 to N905 per litre, depending on the location.

dangote refinery fuel slashThe announcement was made on Thursday via the refinery’s official social media channels. According to the statement, the adjustment reflects a N15 per litre cut across all regions and applies to both urban and rural retail points.

In the earlier pricing template, Lagos residents paid N890 per litre, while prices rose to N920 in the North East and South-South regions.

With the new adjustment, Lagos residents will now pay N875, while those in the North East and South South will pay N905 per litre.

A breakdown of the revised prices shows, Lagos: N875, South-West: N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905

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The Dangote Refinery urged consumers to purchase fuel only from its partner outlets and encouraged Nigerians to report non-compliance via its hotline: +234 707 470 2099 or +234 707 470 2100.

“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice.

Our correspondent gathered the new reduction follows the return of a refund benefit policy offered to its customers earlier this week.

The development comes hours after The PUNCH reported that independent oil marketers resumed large-scale importation of petrol, as fresh data shows that over 496.17 million litres of petrol were brought into the country within nine days.

Findings using the Tanker Position Report, a document that tracks oil tankers’ movement and was obtained from Blue Sea Maritime by our correspondent on Monday, revealed that 370,000 metric tonnes of petrol were discharged at various depots. These products berthed at seaports between May 11 and 20, 2025.

On Monday, the 650,000 Lekki-based facility said the naira-for-crude deal allowed it to reduce the price of petrol, which translates to reduced costs at the pumps.

This is even as the company affirmed that the prices of petrol will remain affordable and stable.

They said that despite the fluctuations in global crude oil prices, it has consistently reduced the price of petrol.

The company, in a release signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.

Dangote Refinery announces fresh petrol price slash nationwide

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Railway

NRC Appeals for Patience as Abuja–Kaduna Train Service Faces Temporary Disruption

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NRC Appeals for Patience as Abuja–Kaduna Train Service Faces Temporary Disruption

The Nigerian Railway Corporation (NRC) has urged passengers using the Abuja–Kaduna train service to exercise patience, describing the current service disruption as temporary while repairs and security upgrades continue.

The appeal was made on Tuesday by NRC Managing Director Dr. Kayode Opeifa, following public concerns over the reduced frequency of train services on the corridor. He acknowledged commuter frustrations and affirmed that the Abuja–Kaduna line remains a flagship service under Nigeria’s railway modernisation programme.

Dr. Opeifa attributed the reduced services to two major setbacks: the March 2022 terrorist attack on the rail line, which prompted enhanced security measures, and a recent derailment that damaged multiple Diesel Multiple Unit (DMU) coaches, reducing the number of operational trains. He clarified that the service reduction was not due to neglect, but a necessary step to ensure passenger safety.

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Repairs and refurbishments are ongoing, with plans to deploy additional coaches to restore normal service frequency. “Passengers’ feedback helps strengthen our resolve to deliver safe, reliable and efficient service,” Opeifa said.

The NRC also highlighted continued support from the Federal Government under President Bola Ahmed Tinubu’s Renewed Hope Agenda, as the Minister of Transport works closely with the Corporation to accelerate full restoration. Alternative rolling stock is being considered to temporarily reinforce service, while safety certification and enhanced security along the corridor remain top priorities.

The NRC assured commuters that the challenges are part of a phase of recovery and rebuilding, promising progressive improvements and a return to multiple daily trips. Passengers can communicate directly with the Managing Director via SMS at 08075005411 for feedback.

NRC Appeals for Patience as Abuja–Kaduna Train Service Faces Temporary Disruption

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Nationwide Glo Network Outage Disrupts Data Services Across Nigeria

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Nationwide Glo Network Outage Disrupts Data Services Across Nigeria

Millions of subscribers of Glo Nigeria were left stranded on Tuesday following a nationwide data outage that disrupted internet connectivity and online transactions across multiple states.

The disruption, which began around 8:30 a.m., affected users’ ability to browse the internet, access mobile apps, or carry out digital payments—causing widespread frustration among individuals and businesses relying on mobile data services.

In an official statement to customers, Glo acknowledged the service interruption and tendered an apology for the inconvenience caused. The telecom operator assured subscribers that its engineers were working urgently to resolve the problem and restore normal connectivity.

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“We understand how important reliable access is to you and sincerely apologise for the disruption,” the company said.
“Our technical team is working to resolve the issue and ensure services are restored as quickly as possible.
Thank you for your patience and for choosing Glo. We truly appreciate you.”

The Glo network outage marks one of the most significant service disruptions experienced by the operator in recent months, with subscribers taking to social media to express their concerns and seek updates.

Telecom experts say nationwide outages of this scale often stem from major fibre cuts, transmission failures, or core network faults, though Glo has yet to disclose the exact cause.

Subscribers are hopeful that full connectivity will be restored soon as the company continues its recovery efforts.

Nationwide Glo Network Outage Disrupts Data Services Across Nigeria

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Naira strengthens as official, parallel market rates align further

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Naira strengthens as official, parallel market rates align further

The Nigerian Naira remained stable against the US Dollar on Tuesday, December 9, 2025, with trading data showing continued convergence between the official exchange rate and the parallel market. The trend follows sustained monetary reforms and improved foreign exchange inflows.

According to figures from the NAFEM window, the Naira opened at an average of ₦1,450.92 per dollar, maintaining its recent trading band between ₦1,450 and ₦1,460. Market analysts attribute the stability to rising foreign inflows and the US Federal Reserve’s dovish monetary stance, which has weakened the dollar globally.

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In the parallel market, currency dealers in Lagos and Abuja priced the dollar at around ₦1,490 (selling) and ₦1,475 (buying). Data from street platforms, including Aboki Forex, indicates that the gap between official and black-market rates has narrowed to roughly ₦40, signalling reduced arbitrage and improved efficiency in the FX ecosystem.

Experts say the Central Bank of Nigeria (CBN) has helped steady the currency through ongoing reforms and gradual reserve buildup. Anticipated US Fed rate cuts later this month are also boosting investor confidence in Nigerian assets, helping keep exchange-rate volatility low as the year closes.

Naira strengthens as official, parallel market rates align further

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