Business
Dangote’s fuel prices still high despite global crude slump — S&P Global

Dangote’s fuel prices still high despite global crude slump — S&P Global
Despite recent reductions, petrol prices from the Dangote Petroleum Refinery remain relatively high when compared to the global drop in crude oil prices, according to a new report by S&P Global.
This pricing strategy, analysts say, has made fuel importation into Nigeria more attractive for marketers.
The 650,000 barrels per day refinery, located in Lekki, Lagos, has cut petrol prices multiple times since launching operations. The refinery brought down its pump price from around N1,100 per litre in September to N860 in March, though prices later increased again following a pause in the naira-for-crude exchange policy.
However, S&P Global pointed out that the refinery’s reductions did not match the global dip in fuel prices.
“Incentives to ship products to West Africa have also come from the pricing at Nigeria’s Dangote refinery. While flat prices have been driven down massively amid falling crude prices, Dangote has not lowered gantry prices for truck volumes significantly.
“Between April 1 and April 9, the Eurobob M1 swap fell from $734.25 per metric tonne to $603/MT, a 17.9 per cent fall, before recovering somewhat. But over the same period, Dangote’s truck price at the gantry dropped just 1.7 per cent from N880/litre to N865/litre, according to reporting from the MEMAN retail organisation.
“This has encouraged a flood of products to West Africa, where high domestic prices have led marketers to import from international traders in greater volumes,” the report said.
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On Wednesday, the refinery adjusted its gantry price downward again to N835 per litre and advised partners to retail at N890 per litre within Lagos.
“High-quality Dangote petrol will now be available at the following prices across all our partner retail outlets: Key partners, including MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Techno Oil, will offer petrol at N890 per litre, down from N920 in Lagos.
“In the South-West, the price will be N900 per litre, reduced from N930. In the North-West and North-Central, the price will be N910 per litre, lowered from N940. In the South-East, South-South, and North-East, the price will be N920 per litre, down from N950,” the company said in a statement on Wednesday.
A market survey conducted by our correspondent at several stations in Lagos and Ogun States revealed further price reductions by various outlets, as a fresh round of competition unfolds.
Independent player SGR, which operates four outlets in Mowe and Sagamu, slashed its pump price to N878 per litre—lower than Dangote’s. Meanwhile, Heyden and MRS were seen selling at N885 and N890 respectively, although some Dangote-affiliated stations and outlets run by the Nigerian National Petroleum Company Limited still charged around N910 to N920 per litre.
A source close to the Dangote Group, who requested anonymity due to lack of authorisation to speak on the matter, revealed that a more significant price cut had been scheduled for April 10—Aliko Dangote’s 68th birthday—but the suspension of the naira-for-crude policy stalled the plan.
“Alhaji was planning a massive price cut on his birthday, April 10, but that could not happen because of the suspension of the naira-for-crude policy. Nevertheless, he was still able to do something, though marginally.
“Now that the Federal Government has returned the naira-for-crude policy fully and the crude prices are crashing, the competition has returned. I can tell you that the Dangote refinery is planning to crash the price of petrol and make it affordable for the masses,” the source said.
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In addition to the local dynamics, S&P Global reported a broader shift in global petrol trade patterns. Europe, traditionally exporting large volumes to the US during summer, has rerouted shipments toward West Africa this year.
“Typically, the summer driving season sees increased flows from Europe to the US Atlantic Coast amid an uptick in summer driving demand. At the same time, specification differences between Europe and WAF, which exist in the summer, disappear in the winter, typically resulting in fewer volumes fixed to Nigeria.
“The threat of tariffs and changes in Nigeria’s refining landscape has seen this trend flip in 2025. Large volumes are presently set to arrive in West Africa’s Offshore Lome hub, while the USAC has been demanding more limited flows amid demand-side fears and tariff threats,” it was reported.
Citing tracking data from S&P Global Commodities at Sea, the report revealed that around four million metric tonnes of petrol are set to arrive in West Africa in the 30 days leading up to April 27 — a level not recorded in over two years.
This influx coincides with a surge in Nigerian fuel imports. Between April 8 and 16, traders brought in 156.9 million litres of petrol, according to import data.
Meanwhile, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, stated on Tuesday that daily imports of petrol have dropped significantly — from 44.6 million litres per day in August 2024 to just 14.7 million litres per day as of April 2025.
It should be noted that Dangote is still in legal proceedings with the NMDPRA over the agency’s decision to grant import licences to independent fuel marketers.
Dangote’s fuel prices still high despite global crude slump — S&P Global
(PUNCH)
Auto
Jetour flaunts striking features of new DASHING in Nigeria

Jetour flaunts striking features of new DASHING in Nigeria
Jetour has introduced a new model of the Dashing to the Nigerian market. Its striking features already creating excitement among lovers of new SUVs.
The Dashing is a compact sport utility vehicle (SUV) known for its blend of modern design, advanced technology, and performance. Its rollout is expected to raise the competition in the compact SUV segment.
The latest version of the vehicle offers a comfortable and practical interior, particularly appealing to those seeking a modern and technologically advanced vehicle at an affordable price.
The Dashing is part of Jetour’s broader portfolio, which includes SUVs and EVs, according to information obtained from Jetour Nigeria.
Apart from innovative technology, the Jetour Dashing also has intelligent safety features making it a perfect travel companion.
Panoramic Sunroof
The Dashing’s full panoramic sunroof floods the interior with natural light, creating a sense of lightness and spaciousness, providing a more enjoyable driving experience for all.
Engine
The new Dashing is powered by either a 1.5 or 1.6 litre turbocharged engine mated on four cylinder and 16-Valve Dual Variable Valve Timing (DVVT).
Its other technical features are listed as 145kW output, 290Nm torque, dual clutch auto transmission.
Featuring a striking exterior design and a spacious five-seater configuration, one will experience a one-of-a-kind cabin that offers world-class comfort and luxury.
Exterior
It comes as a sleek and aerodynamic shape with a strong front belt, large grille, and smooth LED headlights, all combine to make a statement on the road.
Interior
The new Dashing has a modern and premium aesthetic. Its digital screen makes it easy to navigate the expansive 15.6-inch touchscreen, now equipped with both Android Auto and Apple CarPlay for seamless smartphone integration.
Safety
The vehicle comes with driver and passenger, front and rear seat airbags.
As part of its safety features, it has Automatic Emergency Braking System, Electronic Parking Brake, Auto Hold System, 360° Surrounding Camera (2D/3D Panoramic Parking), 540° Panoramic Parking Sensor, Lane Departure Warning System, Emergency Braking, Forward/Backward Collision Warning, Lateral Collision, Blind Spot Detection (BSD)/Door Opening Warning (DOW) system, Auto Lockout System, Automatic Door Lock, Power Window and Alarm System.
8-Surround Hi-Fi speakers
One can receive cinema-like sound with Dashing’s 8-Surround Hi-Fi speakers for ultimate private listening.
Dashing’s digital display is said to provide real-time external environment sensing at a glance.
For maximum comfort and convenience, the vehicle, built with 20-inch rim tyre, has features such as Column Gear Shifting System, Remote Start, Smart Entry & Push Start, Drive Modes Selector (Eco, Sport & Normal), Integrated Adaptive Cruise Control, LCD Touch Screen 15.6-inch, Phone Mirroring, Apple Play & Android Auto, BT, Intelligent Voice Command, Wireless Charger, Auto Air Conditioner & Rear Vent, Environmental Purification System.
It also has Power Driver & Passenger Seat, Seat Heater and Ventilation, Seat Memory and Lumber support as well as auto opening and closing of the rear trunk.
Business
10 best courses to study for employment in U.S

10 best courses to study for employment in U.S
For immigrants seeking to secure well-paying jobs in the United States, choosing the right degree and courses can make a significant difference.
While it’s possible to build a stable career without a bachelor’s degree, many of the top-earning positions still require one.
Data from the U.S. Bureau of Labor Statistics shows that individuals with a bachelor’s degree earn approximately 80% more than those with only a high school diploma or its equivalent—a compelling reason to invest in higher education.
With that in mind, here are 10 in-demand degrees that can open doors to lucrative job opportunities across the country.
Mechatronics Engineering
Mechatronics engineering blends mechanical and electrical engineering into a single, dynamic discipline.
This interdisciplinary field is centered around the design, construction, and control of intelligent mechanical systems. It also involves interpreting data from sensors and using that information to direct system behaviour examples are the creation and repair of prosthetic or robotic limbs used by injured veterans of war or accident victims. Institutions such as Purdue University in Indiana and Middle Tennessee State University integrate mechatronics within their mechanical engineering programs, offering students exposure to key subjects like 3D modelling, dynamics, and control systems.
Computer Science
Computer science has evolved far beyond basic programming. Today, it drives innovation across virtually every industry (from building educational platforms to developing autonomous vehicles, advancing cybersecurity, and shaping artificial intelligence). The field plays a major role in creating the digital infrastructure of the future. As our world becomes increasingly tech-driven and a global village as some may say, computer science stands at the forefront of this transformation. The impact of computer science as a discipline extends beyond technology, and has made headway in influencing areas such as healthcare, arts, and even politics. For those looking to shape the future, studying computer science offers a powerful and lasting way to leave a mark. This has made it a sought-out job role in the US.
Nursing
Nursing remains one of the most in-demand professions in the U.S. According to the Bureau of Labor Statistics, over 64,000 new nursing jobs are expected to be added between 2016 and 2026, with the field projected to grow by 31% during that time. Unlike many professions affected by technological advancements, nursing continues to see rising demand. Nursing programs cover a wide range of subjects, including pharmacology, biostatistics, pathophysiology, chronic health assessment, and health promotion. Notable universities offering nursing programs in the U.S. include the University of California, Los Angeles (UCLA), Emory University, and the University of Atlanta, among others.
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Pharmaceutical Sciences
Pharmacists are not only trained in the science behind medications, they’re also skilled communicators.
Many people appreciate the ability to speak directly with their pharmacists, making interpersonal skills just as essential as technical expertise in this field. Pharmacy education covers both aspects, preparing graduates for a range of roles, from drug development and quality assurance to sales and research. Entry-level opportunities in the pharmaceutical field include positions such as pharmacy assistant, technician, or sales representative for pharmaceutical companies. Aspiring students typically begin with strong foundations in math and science, eventually progressing into advanced areas like drug formulation, toxicology, regulatory compliance, and pharmacodynamics. According to industry data, the median annual salary for those in pharmacy and related fields is approximately $113,000, reflecting the profession’s value and demand in the US healthcare sector.
Education
There’s a growing global need for teachers, indicating a significant shortage in the profession.
Teachers play a crucial role in reshaping education and preparing young minds for future success. In the U.S., starting with a bachelor’s degree is essential for becoming a teacher. However, advancing your education, particularly by earning a master’s degree, can give you an edge in a competitive field, opening doors to more opportunities and career advancement.
Psychology
Choosing a career in psychology could be the key to making a meaningful impact in your professional life. A degree in psychology opens up a wide range of career paths in the U.S., from working in schools and hospitals to pursuing roles as a therapist or counsellor. If you’re interested in academia, you could also focus on teaching or research. However, advancing your career in psychology may require a master’s degree, depending on your area of interest. With growing attention on mental health and well-being, the demand for psychologists has surged, both in the U.S. and globally, offering more opportunities than ever before.
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Data Science
Data is now the driving force behind much of the modern world, leading to a significant rise in demand for data and analytics professionals in the U.S. According to a 2017 study by Burning Glass Technologies, a labour market analytics firm, the number of data-related positions is expected to grow by 364,000 in the near future. Data science experts are crucial in fields like predictive analytics, working with major companies such as Google to enhance search engine performance. They’re also making a notable impact in healthcare, where their insights help improve the quality of care and optimize medical treatments by analysing specific data points.
Business
A degree in business emphasizes practical experience and collaboration, preparing students to tackle real-world challenges. Through hands-on internships and group projects, students gain valuable exposure to real-life case studies. In fact, business remains one of the top ten most sought-after degrees in the US job market. International business, in particular, is seeing rapid growth. As companies expand their global reach, fueled largely by technology, the need for adaptable and globally aware business leaders is more critical than ever.
Cognitive science
Cognitive science is a dynamic, interdisciplinary field that blends psychology, neuroscience, and linguistics to explore how the mind works and what defines intelligence. At its core, cognitive science investigates mental and neural processes, training students to think critically and solve problems creatively. It equips learners with a unique blend of analytical and practical skills, making them valuable across a wide range of industries. Graduates in this field often find opportunities in healthcare, as well as in neuropsychological testing, marketing, and the tech sector, where understanding human behaviour and cognition is a powerful asset. A bachelor’s degree in this field also guarantees a job in the US.
Human Resources
Human resource professionals play a vital role in organizations by managing hiring, training, and overall employee relations. HR departments have helped expand employee assistance programs, supporting workplace wellness and employee engagement. Undergraduate HR programs typically cover courses such as organizational behaviour, applied social psychology, labour relations, talent management, business fundamentals, and employment law. These skills are in demand across various industries and sectors, making HR a versatile and widely applicable degree.
When selecting a field of study, it’s important to consider not just your interests, but also the career paths and job market trends tied to that discipline. Fields with strong growth and diverse opportunities, can offer greater stability and long-term career potential. Above all, let your curiosity and genuine passion guide your choice; they are key to thriving in any degree program.
10 best courses to study for employment in U.S
Auto
Law to enforce made-in-Nigeria vehicles among MDAs coming – Senate

Law to enforce made-in-Nigeria vehicles among MDAs coming – Senate
The Senate has taken steps to enforce a presidential order mandating the purchase of nigeria-assembled vehicles in all government establishments.
Already, the upper chamber has passed for second a bill seeking to compel ministries, departments, and agencies (MDAs) to prioritise the purchase of Nigeria-made vehicles
The legislation, titled ‘Local Automotive Industry Patronage Bill, 2025’, is sponsored by Patrick Ndubueze, senator representing Imo North.
Ndubueze introduced the bill in October 2024 and passed its first reading.
The senator who spoke at the plenary on Thursday said Nigeria’s overdependence on imported automobiles had continued to weaken the naira and damage local industries.
“Any country that aims to achieve steady economic growth and development must have a policy that encourages and provides a framework for local production,” he said.
“It is also important that goods and services are produced locally, as its ripple effect is a reduction in imports and a rise in exports (balance of trade).”
Ndubueze said 54 automobile manufacturing licences had been issued in Nigeria, noting that only six companies remained operational due to forex shortages and poor infrastructure.
He also said many automobile firms had moved to Ghana, where they are now setting up plants to produce vehicles for the Nigerian market.
“How do we stem the free fall of the naira if we cannot address our appetite for foreign goods?” he asked.
“How do we support the development of indigenous brands if the biggest spender, year on year — the government — refuses to buy made-in-Nigeria goods?”
He proposed that at least 75 percent of vehicles procured by public officers and civil servants be locally manufactured, not merely assembled.
“This is the first step to saving our economy, protecting our currency, and creating jobs for our people,” he said.
He said only firms with at least 70 percent Nigerian workforce, 75 percent local research and development (R&D) spend, and technology such as robotic painting machines and electrophoresis systems should qualify as local manufacturers.
“Government support for local industry should be seen as both strategically important, a long-term investment, and a national security imperative,” he said.
He cited China, India, and Malaysia as examples of countries that banned imported cars in their early years to grow domestic industries.
“Today, these countries have perfected their local processes, and we are now importing their products, some of which cannot compete with our locally manufactured vehicles,” he said.
Mohammed Monguno, senate chief whip and senator representing Borno central, said the bill would give legal backing to an existing directive by the federal executive council (FEC) on the use of local products.
“This law will insulate the directive from the whims and caprices of subsequent administrations who may want to reverse it,” he said.
Barau Jibrin, deputy senate president and the presiding officer, said the bill would “provide jobs for automobile engineers in the country and encourage more investors to move into the sector.”
The deputy senate president said the bill will “strengthen our economy and the naira and galvanise the automobile industry.
“We hope the process to get it assented to by the President will be expeditious,” Barau added.
The bill was referred to the Senate Committee on Public Procurement for further legislative scrutiny, with a report expected within four weeks.
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