Business
New Report on Dangote Refinery’s Diesel Quality Expected On Monday
The Nigerian Government has announced that a new report regarding the sulfur content in diesel produced by the Dangote Refinery will be released on Monday.
This update comes after a recent dispute between the refinery’s owner, Aliko Dangote, and Farouk Ahmed, the Chief Executive Officer of the Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
George Ene-Ita, a spokesperson for NMDPRA, stated that the regulatory body has a team of approximately 15 engineers and scientists working directly within the Dangote Refinery.
He emphasized that the upcoming report will provide a comprehensive analysis of the diesel’s sulfur content. Ene-Ita also highlighted that NMDPRA has fulfilled its regulatory duties and is not interested in engaging in public disputes with the refinery.
Last week, Ahmed had claimed that the Dangote Refinery was not yet authorized to operate and criticized the quality of its petroleum products.
He noted that the sulfur content of products from Dangote Refinery, along with other smaller modular refineries such as Watersmith and Aradel, ranged between 650 and 1,200 parts per million (PPM), which he argued was inferior compared to imported petroleum products.
In response, Dangote refuted Ahmed’s claims, asserting that the refinery’s products were of high quality. He called for an independent assessment to verify the quality of their products.
Dangote criticized the current testing procedures, suggesting that the results of imported products might be manipulated and that independent testing would reveal different outcomes.
This statement was made during a tour of the Dangote Refinery with Speaker of the House of Representatives, Tajudeen Abbass, and other senior lawmakers.
The cost of refilling a 12.5kg cylinder of cooking gas in Nigeria went up slightly in May 2025, rising by 2.18% compared to the previous month. The average price now stands at N20,709.11, up from N20,268.06 recorded in April. This update was captured in the latest Liquefied Petroleum Gas (LPG) Price Watch report for May, released by the National Bureau of Statistics (NBS).
According to the report, Delta State topped the list with the highest refill price at N23,356.56, followed by Abia at N22,953.01, and Ebonyi at N22,943.30. On the other hand, residents in Yobe, Lagos, and Kebbi states paid the least, with refill prices of N18,500, N18,536, and N18,606.60, respectively.
When compared to the same period last year, gas prices have jumped significantly, rising by 32% from N15,627.40 recorded in May 2024 to the current average. The NBS is yet to release figures for June 2025.
Customers of Guaranty Trust Holding Company (GTCO) across Nigeria should brace for early branch closures on Monday, June 30, 2025, as the banking group kicks off its routine half-year audit.
In an official announcement shared on their verified X (formerly Twitter) page, GTCO informed customers that all their branches nationwide will stop attending to walk-in customers earlier than usual to allow for internal review processes.
The bank assured the public that this temporary adjustment is strictly for operational reasons tied to their mandatory half-year audit, a common practice among financial institutions to check financial records, processes, and compliance levels.
While in-person services will pause earlier that day, GTCO encouraged customers to make use of their digital banking platforms. Options such as internet banking, mobile apps, ATMs, and USSD codes, which will remain available 24/7 for essential banking transactions.
MRS filling stations, a key partner of Dangote Refinery, has announced a new petrol price hike, raising its pump prices across the country. In a price update shared on its official X page on Saturday, the company revealed that the new rates now range from N925 to N955 per litre, up from the previous N825 to N895 range.
This means petrol will now sell for N925 in Lagos, N935 in the South-west, N955 in the North-west and South-east, N945 in the North-central, and N955 in the North-east. For Lagos and Abuja, motorists will now pay N925 and N945 per litre at MRS stations, an increase from N875 and N895 respectively.
Meanwhile, NNPC retail stations have kept their pump prices unchanged at N875 in Lagos and N895 in Abuja as of Saturday evening. The nationwide increase comes amid rising global crude oil prices triggered by tensions in the Middle East, particularly the ongoing Israel-Iran conflict.
Ayra Starr Declares Nigerian Jollof Number One After Tasting Senegalese Version
‘Begging Is Everywhere’ – Rapper DanDizzy Laments Growing Poverty in Nigeria
Bayern’s Jamal Musiala Undergoes Successful Surgery After Fractured Fibula Injury
-
Entertainment20 hours agoBNXN Tells Manchester United to Sign Victor Osimhen or Lamine Yamal
-
Entertainment20 hours agoCoach Nancy Apologizes as EeZee and Mercy Chinwo Work on Settling Royalties
-
Sport21 hours agoOsimhen Interested in Galatasaray Move as Club Sends Team to Nigeria to Push Deal
-
Sport20 hours agoOsimhen Reportedly Says “Yes” to Galatasaray Move
-
Politics21 hours agoBwala Says Atiku May Never Become Nigeria’s President
-
Entertainment10 hours agoAyra Starr Declares Nigerian Jollof Number One After Tasting Senegalese Version
-
Entertainment13 hours agoReality Star TBoss Applauds Italy’s New Law on Sex Offenders, Urges Nigeria to Act
-
Entertainment14 hours agoBobrisky’s Jail Time Sparks Controversy as Ex-Inmates Claim He Received Special Treatment