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Depot price hike: Marketers jostle to join Ardova, Heyden in Dangote Refinery bulk-purchase incentives

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Dangote Officials, Refiners Tackle Marketers Over Imported PMS

Depot price hike: Marketers jostle to join Ardova, Heyden in Dangote Refinery bulk-purchase incentives

… for competitive pump price

 

Attracted by the bulk-purchase agreement incentives being offered by the Dangote Petroleum Refinery, more oil marketers in the country are jostling to be listed as beneficiaries of the agreement.

 

The bulk-purchase agreement, the petroleum marketers reasoned, offers a guaranteed price stability as against purchase from depot owners whose price is opened to incessant upward review as has just been announced.

 

Recall that two prominent players in Nigeria’s downstream oil and gas sector – Ardova Plc and Heyden Petroleum – have entered into a bulk purchase agreement with the Dangote Petroleum Refinery after MRS; a situation they have leveraged on to sell petroleum at a much cheaper pump price.

 

The depot owners recently jerked up their loading price to N950 per liter from N909 citing increase in the price of crude oil in the international market, a situation that has forced most independent marketers to raise their pump price too to reflect the new higher price from the depot owners.

 

The Independent marketers are referring to the benefits of the bulk-purchase agreement with Dangote Refinery as being enjoyed by the three leading oil marketers, MRS, Ardova Plc and Heydey who have entered into the purchase agreement with Dangote refinery and are able to retain their lower pump price.

 

National President of Independent Petroleum Marketers Association (IPMAN), Alhaji Abubakar Maigandi Garima has confirmed that the association members are eager to sign on with Dangote Refinery and that they have been advised to do so by organizing themselves to pool resources together to be able to qualify for the bulk-purchase agreement.

Justifying the IPMAN new position, he said members could not continue to depend on depot owners for products when they can buy directly from the refinery bearing in mind that the minimum quantity to buy from Dangote Refinery is two million litres at N909 per litre.

 

The management of the Dangote Refinery citing economic relief provided by President Bola Ahmed Tinubu’s crude-for-naira swap initiative had announced a bulk-purchase offer incentives to the three leading downstream sector operators, so that Nigerians could heave a sigh of relief on the reduced pump price.

 

As the MRS, Ardova Plc and Heyden keyed into the arrangement, other petroleum marketers besieged the Refinery in Ibeju-Lekki, Lagos, seeking to be part of the bulk purchase deal, which guarantees steady supply of petroleum products and at competitive prices.

 

The desire to be part of the bulk-purchase agreement, it was also gathered, was also apparently being fueled by the testimonies from motorists who have been praising the impressive burn rate of fuel sourced from Dangote Refinery and sold in MRS filing stations which they said lasts longer compared to other products imported into the country and sold by others.

 

Dangote Refinery had said the strategic move was designed to further stabilise the nation’s fuel market and enhance energy security for consumers, as it would guarantee steady supply of petroleum products at affordable prices.

 

The bulk purchase agreement incentive by Ardova and Heyden came on the heels of a drop in the pump price of petrol by the management of MRS Oil Nigeria Plc, which had previously entered into a similar agreement with Dangote Refinery.

 

As a result, MRS Oil lowered its fuel prices to N935 per litre across all its stations nationwide, addressing the long-standing issue of price disparities between states. Furthermore, MRS Oil’s stock surged to a new 52-week high recently, as investors became increasingly optimistic about the company’s future earnings prospects.

 

Reports indicate that the bulk purchase agreement with Dangote Petroleum Refinery had also enabled both Ardova and Heyden to secure a reliable and consistent supply of petroleum products from the world’s largest single-train refinery at competitive prices, benefiting consumers across the country.

 

The arrangement ensures that Ardova and Heyden will have access to a full range of refined products, thereby securing their operations with a reliable supply chain. Other petroleum markers, reports said, are keen on signing similar agreement with Dangote Refinery as soon as they are allowed to, as most of them have majority of their filing stations in Lagos close to Dangote Refinery.

 

After signing the agreement, Ardova Plc, it would be recalled, had in a statement underscored the importance of this agreement in fostering a more competitive environment within Nigeria’s downstream oil and gas sector.

 

The partnership with Dangote Refinery is poised to have a positive, transformative impact on Nigeria’s oil and gas market. By ensuring a stable and affordable supply of fuel products in the over 1,000 retail outlets of the two companies, the agreement will help to alleviate the recurring issue of fuel scarcity that has long plagued Nigeria.

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NCAT Delegation Tours Gusau International Airport, Commends Governor Lawal, Eyes Strategic Partnership for Aviation Training

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NCAT Delegation Tours Gusau International Airport, Commends Governor Lawal, Eyes Strategic Partnership for Aviation Training

 

In a move signaling a major push for inter-agency cooperation within Nigeria’s aviation sector, a high-level delegation from the Nigerian College of Aviation Technology (NCAT), Zaria, has undertaken an official working visit to Gusau International Airport currently under construction by the administration of Governor Dauda Lawal. The visit, aimed at a comprehensive assessment of the facility’s infrastructure and operational capabilities, is seen as a foundational step toward forging a strategic partnership to bolster aviation training and safety standards across the region.

The NCAT team, led by Nasir Muhammad Bungura, conducted an extensive tour of the airport premises. They were received and accompanied by the Permanent Secretary of the Zamfara State Ministry of Works and Infrastructure, Engr. Haruna Dikko Gusau, underscoring the state government’s keen interest in maximizing the airport’s potential.

During the meticulous inspection, the delegation evaluated the airport’s runway, terminal buildings, navigational aids, and safety apparatus. Following the tour, Mr. Bungura commended Governor Lawal for a job well done as he expressed profound satisfaction with the state of the facility, describing the infrastructure, operational protocols, and visible ongoing upgrade projects as both encouraging and highly promising.

“The standards we have observed here today are commendable and align strongly with international best practices,” Bungura stated. “Gusau International Airport possesses a robust foundation. Our visit was to assess how this facility can serve as a practical hub for our training programs, offering our students real-world exposure to a modern, functioning airport environment.”

The delegation highlighted the airport’s latent potential to serve as a critical node for specialized aviation training, particularly in areas of safety operations, air traffic control simulations, and aircraft handling. Such collaboration, they noted, would not only enhance the practical skills of NCAT cadets but also contribute to elevating the overall safety and efficiency metrics of Nigeria’s air transport system.

Engr. Haruna Dikko Gusau welcomed the NCAT delegation’s interest, reiterating the Zamfara State government under Governor Dauda Lawal is committed to developing the airport as a catalyst for economic growth and regional integration. “This visit is a testament to the growing strategic importance of Gusau International Airport,” Engr. Gusau remarked. “We are not just building infrastructure; we are creating a hub for opportunity. Partnering with a prestigious institution like NCAT will ensure this facility contributes meaningfully to human capital development and the advancement of Nigeria’s aviation industry.”

The visit marks a significant milestone for Gusau International Airport, transitioning its role from a regional transit point to a potential center of excellence for aviation education and a key partner in national aviation development. Both parties are expected to hold further discussions to formalize areas of collaboration, which could pave the way for NCAT to utilize the airport for specialized training exercises and curriculum development in the near future.

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Ramadan: Adron Homes Felicitates Muslims, Preaches Hope and Unity

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Ramadan: Adron Homes Felicitates Muslims, Preaches Hope and Unity

Adron Homes & Properties Limited has congratulated Muslim faithful on the commencement of the holy month of Ramadan, urging Nigerians to embrace the virtues of sacrifice, discipline, and compassion that define the season.

In a statement made available to journalists, the company described Ramadan as a period of deep reflection, spiritual renewal, and strengthened devotion to faith and humanity.

According to the management, the holy month represents values that align with the organisation’s commitment to integrity, resilience, and community development.

“Ramadan is a time that teaches patience, generosity, and selflessness. As our Muslim customers and partners begin the fast, we pray that their sacrifices are accepted and that the season brings peace, joy, and renewed hope to their homes and the nation at large,” the statement read.

The firm reaffirmed its dedication to providing affordable and accessible housing solutions to Nigerians, noting that building homes goes beyond structures to creating environments where families can thrive.

Adron Homes further urged citizens to use the period to pray for national unity, economic stability, and sustainable growth.

It wished all Muslim faithful a spiritually fulfilling Ramadan.

Ramadan Mubarak.

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Underfunding National Security: Envelope Budgeting Fails Nigeria’s Defence By George Omagbemi Sylvester

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Underfunding National Security: Envelope Budgeting Fails Nigeria’s Defence

By George Omagbemi Sylvester | Published by saharaweeklyng.com

“Fiscal Rigidity in a Time of Crisis: Lawmakers Say Fixed Budget Ceilings Are Crippling Nigeria’s Fight Against Insurgency, Banditry, and Organized Crime.”

Nigeria’s legislature has issued a stark warning: the envelope budgeting system; a fiscal model that caps spending for ministries, departments, and agencies (MDAs) is inadequate to meet the country’s escalating security challenges. Lawmakers and budget analysts argue that rigid fiscal ceilings are undermining the nation’s ability to confront insurgency, banditry, kidnapping, separatist violence, oil theft and maritime insecurity.

The warning emerged during the 2026 budget defence session for the Office of the National Security Adviser (ONSA) at the National Assembly in Abuja. Senator Yahaya Abdullahi (APC‑Kebbi North), chairman of the Senate Committee on National Security and Intelligence, decried the envelope system, noting that security agencies “have been subject to the vagaries of the envelope system rather than to genuine needs and requirements.” The committee highlighted non-release or partial release of capital funds from previous budgets, which has hindered procurement, intelligence and operational capacity.

Nigeria faces a multi‑front security crisis: persistent insurgency in the North‑East, banditry and kidnappings across the North‑West and North‑Central, separatist tensions in the South‑East, and piracy affecting Niger Delta oil production. Despite declarations of a national security emergency by President Bola Tinubu, lawmakers point to a “disconnect” between rhetoric and the actual fiscal support for agencies tasked with enforcement.

Experts warn that security operations demand flexibility and rapid resource allocation. Dr. Amina Bello, a public finance specialist, said: “A static budget in a dynamic threat environment is like sending firefighters with water jugs to a forest fire. You need flexibility, not fixed ceilings, to adapt to unforeseen developments.”

The Permanent Secretary of Special Services at ONSA, Mohammed Sanusi, detailed operational consequences: irregular overhead releases, unfulfilled capital appropriations, and constrained foreign service funds. These fiscal constraints have weakened intelligence and covert units, hampering surveillance, cyber‑security, counter‑terrorism and intelligence sharing.

Delayed capital releases have stalled critical projects, including infrastructure upgrades and surveillance systems. Professor Kolawole Adeyemi, a governance expert, emphasized that “budgeting for security must allow for rapid reallocation in response to threats that move faster than political cycles. Envelope budgeting lacks this essential flexibility.”

While the National Assembly advocates fiscal discipline, lawmakers stress that security funding requires strategic responsiveness. Speaker Abbas Ibrahim underscored that security deserves “prominent and sustained attention” in the 2026 budget, balancing oversight with operational needs.

In response, the Senate committee plans to pursue reforms, including collaboration with the executive to restructure funding, explore supplementary budgets and ensure predictable and sufficient resources for security agencies. Experts warn that without reform, criminal networks will exploit these gaps, eroding public trust.

As one policy analyst summarized: “A nation declares a security emergency; but if its budget does not follow with real resources and oversight, the emergency remains rhetorical.” Nigeria’s debate over envelope budgeting is more than an accounting dispute; it is a contest over the nation’s security priorities and its commitment to safeguarding citizens.

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