Business
Shehu Sani Compares NNPC and Dangote Refinery to ‘Cain and Cain’ Over Fuel Prices

Amid ongoing debates over the pricing template for petrol, former senator Shehu Sani has drawn an intriguing comparison between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL).
Sani remarked that many Nigerians initially saw the relationship between the two as reminiscent of the biblical brothers Cain and Abel, where one would represent good and the other, evil.
However, he suggested that the reality has proven otherwise, with both entities resembling “Cain.”
Taking to social media platform X, Sani posted, “Most people thought that Dangote and NNPC are like Cain and Abel.
Now they found out that they are Cain Junior and Cain Senior,” implying that neither company is living up to the positive expectations of Nigerians.
This reaction comes in the wake of the NNPC’s recent release of estimated petrol prices for September 2024.
According to the state-run oil company, it is purchasing petrol from Dangote Refinery in U.S. dollars, which has significantly influenced the retail price of Premium Motor Spirit (PMS) across Nigeria.
The NNPC stated that the petrol purchased from the Dangote Refinery gantry was bought at N898.78 per litre.
With logistics costs factored in, the price of petrol in Lagos will reach an estimated N950.22 per litre.
In cities such as Abuja, Sokoto, and Kano, prices are expected to be around N999.22 per litre.
Other regions are also grappling with high pump prices. In states like Rivers, Akwa Ibom, Bayelsa, and Imo, fuel is estimated to be sold at N980 per litre.
The highest recorded price is in Borno State, where the cost of petrol is expected to soar to N1,019.22 per litre.
The rising cost of petrol has sparked widespread frustration among Nigerians, who had hoped that the opening of the Dangote Refinery would help stabilize prices.
Many had anticipated that Dangote and NNPCL would work together to alleviate the economic burden on citizens, but the continued rise in fuel prices has led to disillusionment.
Business
“Aliko Dangote is Nigeria’s Biggest Debtor” – Dr. Cosmos Maduka Claims

Nigerian Businessman Dr. Cosmos Maduka analyzes popular Billionaire, Aliko Dangote and describes him as the biggest debtor in Nigeria.
The businessman highlighted the fact that people who seem to have the most money are often the largest debtors.
“The number one debtor in Nigeria is Aliko Dangote. He’s the wealthiest man in Africa. The number one debtor in the world is the United States of America and you call them the richest in the world.”
“As you admire all of those things, it’s all credit. It’s all about credit. So you should leverage on loan, but you have to have a good structure that will support that loan.”
Business
Dangote Drops Petrol Price Again as New Rates Start Across Nigeria

Dangote Petroleum Refinery has once again slashed the pump price of petrol across Nigeria, offering some relief to consumers. The new price now falls between N875 and N905 per litre, reflecting a N15 drop. This update was shared on the refinery’s official social media page on Thursday.
According to Dangote, the price cut affects major fuel distributors working with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy. With this change, Lagos residents will now buy petrol at N875 per litre. Those in the South-South and South-East regions will pay N905, while the South-West sees a new rate of N885.
In the North-West and central parts of the country, it’s N895, and the North-East will also pay N905. Dangote added that their petrol and diesel are not only high-quality but also designed to support engine efficiency and reduce environmental impact.
Business
Dangote Refinery Reduces Petrol Price to N825 per Litre

Dangote Petroleum Refinery has lowered the price of Premium Motor Spirit (PMS), or petrol, to N825 per litre, down from N835, as competition heats up in Nigeria’s fuel market.
This follows last month’s price reduction, when the 650,000 barrels per day refinery dropped the price from N865 to N835. The recent price change is aimed at providing more value to customers while strengthening Dangote’s position as a leader in the domestic market.
-
Entertainment15 hours ago
Skilla Baby’s Team Confirms Rapper’s Condition After Michigan Shooting Incident
-
Entertainment18 hours ago
Nigerian Skit Maker Shank Wins $10k from American Streamer Kai Cenat’s MrBeast-Sponsored Giveaway
-
Sport11 hours ago
Granat Says It’s Sad That Some Top Nigerian Players Won’t Play in Russia Friendly
-
Entertainment11 hours ago
Our Unwritten Seoul: Park Bo-young Plays Twin Sisters Who Switch Lives in New K-Drama
-
Sport11 hours ago
Rafael Tells Man United to Sell Hojlund and Sign Victor Osimhen This Summer
-
Entertainment11 hours ago
Miley Cyrus Says Surgery Could Change Her Voice So She Won’t Do It
-
Entertainment14 hours ago
Priscilla Ojo Gives Fans a Glimpse into Her New Married Life with Juma Jux
-
Politics11 hours ago
Peter Obi Says He Will Still Run for President with Labour Party in 2027 Elections