Uber exits Nigeria after 12 years

By Rasheed Bisiriyu

Global ride-hailing giant, Uber, has pulled out of Nigeria, ending its 12-year operation in the country and bringing to a close a major chapter in the evolution of app-based transportation in Africa’s most populous nation

The company announced the decision on Wednesday, saying it would wind down its Nigerian operations effective September 2, 2026.

Uber said the decision followed a “thorough review” of its business in the country.

“We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026,” the company said in a message to its customers.

The development marks the end of Uber’s 12-year presence in Nigeria, which began with its launch in Lagos in 2014.

Its arrival transformed the urban transportation landscape, particularly in Lagos, by popularising app-based ride-hailing and providing commuters with an alternative to conventional taxis and other forms of commercial transportation.

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Through its platform, passengers could request rides using their mobile phones and connect with independent drivers, while vehicle owners and drivers gained access to a new source of income.

Over the years, Uber became a familiar part of the daily commuting experience of many Nigerians, particularly in major urban centres.

The company, while announcing its exit, thanked Nigerians for allowing it to become part of their daily lives.

“Since we first launched in Lagos in 2014, it has been an absolute privilege to be a part of your daily life connecting you with independent transportation providers,” Uber said.

“Whether it was a morning commute, a ride to see loved ones, or exploring the city, thank you for trusting the platform to connect you to a driver to get you there safely.”

Uber also apologised to customers for the disruption its departure might cause.

“We know this may cause disruption to your routine, and we sincerely apologise for the inconvenience,” it said.

The company’s exit comes as Nigeria’s ride-hailing market has become increasingly competitive, with several local and international platforms offering app-based transportation services to commuters.

The sector has also faced challenges linked to rising vehicle operating costs, fuel prices, regulatory requirements and changing market conditions.

Uber said its Help Centre would remain available until September 23 to assist customers with final account-related enquiries.

“Thank you for welcoming us into your city,” the company said.

Uber’s departure brings to an end a significant chapter in Nigeria’s digital transportation story, following its role in changing how millions of commuters booked and paid for rides over the past decade.

Uber exits Nigeria after 12 years

Court restrains NMDPRA from shutting down Dangote Refinery over regulatory dispute

A Federal High Court in Lagos has restrained the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) from shutting down, sealing or interfering with the operations of the Dangote Petroleum Refinery at the Lekki Free Zone.

Justice Akintayo Aluko issued the interim order on Monday while ruling on an ex-parte application filed by Dangote Petroleum Refinery in suit No. FHC/L/CS/1174/2026.

The application was filed and argued by a legal team led by Senior Advocate of Nigeria Olawale Akoni.

The court intervention followed a directive issued by NMDPRA on August 24, 2026, ordering the suspension of loading and truck-out of petroleum products from the Dangote Refinery.

Following the directive, the refinery approached the court seeking an urgent order preventing the regulator from implementing the suspension pending the hearing and determination of its substantive application.

Dangote asked the court to restrain NMDPRA, its officials, agents, representatives and anyone acting under its authority from enforcing or taking further steps pursuant to the August 24 directive.

The refinery also sought protection against any attempt by the regulator to enter its facilities, seal or shut down the refinery, restrict access, obstruct operations, suspend activities, inspect, supervise, sanction or otherwise interfere with its refinery, petrochemical, terminal, storage, blending, loading and truck-out facilities within the Lekki Free Zone.

Justice Aluko said he had carefully considered Dangote’s application, which was supported by a 42-paragraph affidavit and Exhibits A1 to A6, as well as the submissions of counsel.

The judge also considered correspondence between the parties, including the August 24 letter from NMDPRA that formed the basis of the dispute.

A major issue considered by the court was the extent of NMDPRA’s authority to exercise regulatory and oversight powers within free zones pending determination of the substantive case.

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Justice Aluko referred to a letter dated March 2, 2026, issued by the Attorney-General of the Federation, which, according to the judge, stated that NMDPRA was not entitled to exercise regulatory powers or oversight functions over operations within free zones.

The judge said this position appeared to be at odds with NMDPRA’s August 24 directive, which purported to exercise such regulatory authority over activities at the Dangote facility.

Justice Aluko stressed that courts have an inherent responsibility to preserve the subject matter of litigation and prevent circumstances that could alter or undermine it before the substantive dispute is resolved.

He held that Dangote had satisfied the conditions required for the grant of an interim injunction.

The refinery also gave an undertaking to compensate NMDPRA in damages if it is subsequently determined that the court should not have granted the order.

“Accordingly, I find merit in the application, and the same is hereby granted in terms of the reliefs sought,” the judge ruled.

He directed Dangote to file a formal undertaking as to damages and ordered that the court’s order and notice be served on NMDPRA.

The matter has been adjourned until September 9, 2026, for the hearing of the motion on notice.

The latest order temporarily prevents NMDPRA from carrying out the specific measures challenged by Dangote while the substantive application is considered.

However, the ruling does not amount to a final judgment that NMDPRA has no regulatory authority over the Dangote Refinery.

The central issue remains whether the petroleum regulator can lawfully exercise its statutory oversight powers over petroleum operations conducted within the Lekki Free Zone, and, if so, the scope of those powers.

The case could have implications beyond Dangote Refinery because the dispute touches on the respective regulatory responsibilities of agencies operating within Nigeria’s oil and gas free zones.

The Dangote Refinery, with a nameplate capacity of about 650,000 barrels per day, has become a major component of Nigeria’s strategy to increase domestic refining and reduce dependence on imported petroleum products.

The facility’s emergence has also generated disagreements involving domestic crude supply, petroleum imports, product pricing and the regulatory framework governing Nigeria’s downstream petroleum industry.

Dangote Refinery has previously challenged aspects of NMDPRA‘s regulation of petroleum imports, particularly the issuance and renewal of licences allowing petroleum products to be brought into Nigeria.

The refinery has argued that continued importation of refined products could undermine investments in domestic refining capacity.

The regulatory disagreement comes as Dangote Refinery seeks to increase its role in supplying petrol, diesel, aviation fuel and other refined petroleum products to the Nigerian market and neighbouring countries.

The facility has increasingly become central to discussions about Nigeria’s energy security, domestic crude utilisation and the future of the country’s petroleum downstream sector.

The latest court order also places renewed attention on the legal status of operations carried out within Nigeria’s free zones and the boundaries between the various government agencies responsible for petroleum regulation.

For now, Dangote Refinery can continue the operations covered by the court order without the threatened enforcement measures from NMDPRA, pending further proceedings.

The next major development is expected on September 9, when the Federal High Court will hear Dangote’s motion on notice.

The outcome of the proceedings could provide greater clarity on the extent of NMDPRA’s regulatory oversight over Dangote Refinery and other petroleum operations within free zones.

Until then, the interim injunction remains in force, leaving the substantive regulatory dispute between Dangote Refinery and NMDPRA to be determined by the court.

Court restrains NMDPRA from shutting down Dangote Refinery over regulatory dispute

Dangote Defends Petrol Price Hikes as Pump Prices Near N1,400 Amid Crude Cost Controversy

Refinery explains time lag between crude purchase and finished product pricing as marketers warn of business uncertainty

The Dangote Petroleum Refinery has strongly defended its recent series of petrol price increases, attributing the upward adjustments to the high cost of crude oil purchased weeks and months earlier, as well as the lengthy and complex process involved in securing, shipping and delivering crude to the refinery. The explanation comes as the price of Premium Motor Spirit (PMS) — commonly known as petrol — continues to climb across Nigeria, with the product now selling between N1,310 and N1,400 per litre, depending on the location and distance from supply depots.

In Lagos and Ogun states, petrol is currently retailing at about N1,310 per litre, while consumers in northern states and other regions farther from the coastal refinery are paying N1,350 or more. In some remote locations, the price is approaching N1,400 per litre, reflecting the high cost of transportation and logistics involved in distributing the product across the country’s vast geography.

The latest round of increases followed the refinery’s decision to raise its gantry price — the price at which marketers purchase the product directly from the refinery — by N65 per litre, from N1,200 to N1,265, effective August 29, 2026. This marked the third price hike announced by the refinery in just eight days, bringing the total adjustment to N100 per litre since August 21, representing an increase of approximately 8.6 per cent. The refinery first increased its gantry price from N1,165 to N1,185 per litre on August 21. Five days later, it raised the price by another N15 to N1,200 per litre, effective August 26. On Saturday, August 29, it announced the latest N65 increase, taking the price to N1,265 per litre. The cumulative effect has pushed the refinery’s coastal PMS price from N1,582,380 to N1,669,545 per metric tonne.

Critics have been quick to point out that these price hikes occurred even as global crude prices were experiencing a decline. Brent crude closed at $88 per barrel on Friday, representing a 5 per cent drop from earlier levels, despite ongoing geopolitical tensions between Iran and the United States. However, a senior executive of the Dangote refinery, who spoke with The PUNCH on condition of anonymity because he was not authorised to speak publicly on the matter, explained that the prevailing international crude price could not be used as the sole basis for determining the cost of petrol being produced from crude already purchased by the refinery.

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The executive outlined the extensive timeline involved in crude procurement, asking a series of rhetorical questions to illustrate the point: “If you want to buy crude at today’s price, when do you think you will complete the actual transaction to purchase the crude? When will you get a laycan? When can you get a ship chartered and a charter party agreement signed? When will the ship go to load the crude and secure the laycan for discharge? When is the sailing time before the crude eventually gets into your tank?” He further questioned how the refinery would account for large volumes of crude purchased earlier when prices were higher, adding, “And what will happen to the huge quantities of expensive crude that you bought long ago and stored in the tanks? These are the factors determining the change in prices, not an immediate crude price change.”

The refinery’s position is supported by data revealing the scale of its crude procurement operations. The company recently disclosed that it spent $4.48 billion importing crude** over a two-month period, with **40.40 million barrels of crude** imported between May and June 2026. The refinery explained that crude purchases are typically made weeks or months in advance under contracts linked to **monthly average prices** rather than spot market rates. According to records, the refinery imported 21.47 million barrels of crude in May at a landed cost of $2.68 billion, before bringing in another 18.93 million barrels worth $1.80 billion in June. The average landed cost of crude fell from **$124.80 per barrel in May to $95.25 per barrel in June, reflecting softer global crude prices, lower freight costs and changes in the mix of crude grades purchased. Despite this decline, the refinery noted that both monthly averages remained well above the current international benchmark, meaning much of the fuel currently being supplied was produced from more expensive crude inventories.

Energy experts have weighed in on the pricing debate, backing Dangote’s position. Energy analyst Dan Kunle argued that fluctuations in global crude oil prices, inventory costs and market realities make it impossible for petrol prices to fall immediately whenever international oil prices decline. He explained, “The crude cargoes delivered in May and June were ordered and paid for as far back as February and March. In international crude marketing, you cannot take delivery immediately. It takes about one to one-and-a-half months before the cargo arrives, meaning you have inventory on the high seas, inventory in storage and inventory feeding into the refinery.” Kunle added that several operational expenses significantly increase refining costs, with freight, handling charges, demurrage and delays at Nigerian export terminals all contributing to the final price.

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The issue is particularly significant for Dangote because the refinery does not rely entirely on Nigerian crude. Reports indicate that between 30 and 40 per cent of the refinery’s crude feedstock is being imported. According to the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) , oil producers in Nigeria supplied about 80 per cent of the crude oil processed by domestic refineries, while refiners imported about 20 per cent between January and July this year. The refinery sources crude from across Africa and beyond, purchasing Nigerian grades such as Bonny Light, Qua Iboe, Escravos, Forcados, Amenam and Agbami alongside international blends including Libya’s El Sharara, Angola’s Cabinda and other regional grades. The refinery also recently imported crude from the United Arab Emirates for the first time, highlighting its growing flexibility in securing feedstock as global supply patterns evolve.

The refinery has also stated that it deliberately absorbed part of the higher crude procurement costs instead of passing them entirely to consumers, arguing that doing so helped cushion inflationary pressures and improve price stability in Nigeria’s downstream market. It also said domestic refining has strengthened Nigeria’s energy security by reducing dependence on imported petroleum products and easing pressure on the country’s foreign exchange reserves. Looking ahead, the company said consumers could benefit from further reductions in fuel prices as cheaper crude purchased in recent weeks gradually replaces higher-cost inventories, provided global oil market conditions remain supportive.

The latest price hikes have, however, heightened concerns among petroleum marketers, who have warned that the volatility is making it difficult to plan their businesses. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN) , Chinedu Ukadike, said marketers were dealing with several factors that could push up the cost of petrol. “We are facing the challenges of the volatility in the market. There are policies of the government, policies of the international market, and exchange rates. These are inherent dispositions to the increase in pump prices. We are not refiners to be able to determine the price of petroleum products.” He, however, acknowledged that Dangote had previously reduced its petrol price in response to movements in the international market. “But, I also believe that Dangote has been consistent in terms of reducing its price in line with the international market rate. With this situation now, we cannot, at this particular point in time, structure our business. It’s going to be too difficult for us to structure our business.”

Ukadike also warned that continued tensions between Iran and the United States could worsen price irregularities. “The more the Iran and United States crisis continues to persist, the more we’ll be having these irregularities in price,” he added. The IPMAN official said the price fluctuations were already being reflected in the cost of petrol across the country. “Also, bear in mind that the price of crude oil is determined by the international market. So, for all the independent marketers, we will continue to strive. Prices have been fluctuating, and we are still loading. The price of petrol will continue to be volatile as long as the price of crude is not stable and other factors relating to the financial situation.”

The impact of the latest adjustment is already being felt in the retail market, with petrol now selling at about N1,310 per litre in Lagos and Ogun and N1,350 or more in parts of the North and other distant markets. In some locations, the product is approaching N1,400 per litre. The difference in pump prices across locations is partly linked to the cost of moving petrol from the coastal refinery and depots to distant markets, with transportation and other distribution expenses adding to the cost of the product. This is one of the reasons the Dangote refinery plans to extend its free distribution scheme across the country. IPMAN has welcomed Dangote’s decision to deliver petroleum products free to states such as Imo and Anambra, but urged the company to extend the programme to northern states to achieve uniform pump prices and ease widespread operational strain.

Data contained in the Major Energies Marketers Association of Nigeria’s Energy Bulletin for August 27 showed Dangote Refinery’s PMS gantry price at N1,200 per litre on August 27, with the estimated spot import-parity price of petrol into tanks standing at N1,222.32 per litre, meaning Dangote’s N1,200 gantry price was N22.32 below the spot import-parity estimate. However, two days later, the refinery raised its gantry price to N1,265 per litre, putting the new price N42.68 above the August 27 spot import-parity estimate. The crude market has remained volatile amid geopolitical tensions involving Iran and the United States and uncertainty over crude flows through the Strait of Hormuz.

The latest development comes amid renewed volatility in the global oil market, with the ongoing United States-Iran conflict adding to uncertainty in the international energy market. This is also coming at a time when the presidential candidate of the African Democratic Congress, former Vice President Atiku Abubakar, said he would reintroduce fuel subsidies to reduce hardship and the cost of living. Ukadike said marketers and consumers were ultimately bearing the consequences of the price movements, and the frequent changes in the cost of petrol were creating uncertainty for marketers and consumers, as the cost of replacing products could change substantially within a short period.

Dangote Defends Petrol Price Hikes as Pump Prices Near N1,400 Amid Crude Cost Controversy