society
Depot price hike: Marketers jostle to join Ardova, Heyden in Dangote Refinery bulk-purchase incentives
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.
society
From Houston to Africa: Cheron K. Griffin Is Transforming Black Storytelling Across Continents.
From Houston to Africa: Cheron K. Griffin Is Transforming Black Storytelling Across Continents.
From Houston to Africa, Cheron K. Griffin is building a bold brand centered on relationships, healing, and transformative storytelling for Black audiences worldwide.
As the creator and executive producer of the Preachers’ Exes franchise, Cheron is known for creating raw, conversation-shifting content that explores love, heartbreak, church culture, emotional healing, and personal growth. Through reality television, podcasts, books, and media platforms like Wild Horse Entertainment and Wild Horse TV, she continues opening doors for honest conversations many people are afraid to have.
Cheron is also the creator of Wild Horse, a powerful short film she uses while speaking at churches, organizations, and community spaces to spark conversations about relationship building, trust, teamwork, emotional intelligence, and human connection—whether in intimate relationships, business partnerships, or leadership teams.
Her global production company, Wild Horse Entertainment, Ltd, is based in Lagos, Nigeria, further expanding her international vision and commitment to culturally impactful storytelling across the United States and Africa.
More than entertainment, Cheron’s work focuses on helping women and men heal emotionally, navigate relationships wiser, and reclaim their confidence and purpose. Her upcoming expansion into Lagos and Johannesburg reflects her growing global vision for culturally driven media and authentic storytelling.
Her advice to young people who want to follow a similar path:
“Don’t let fear stop you from starting. Be consistent, protect your vision, and never underestimate the power of your story. What makes you different is what will make you unforgettable.”
Cheron’s niche focuses on relationship-centered media, emotional healing, women empowerment, and culturally driven storytelling.
Her mission:
“I Change Lives.”
society
Fear, Hopelessness Fuel Corruption in Nigeria, Says Amb. Steve Nwose
Fear, Hopelessness Fuel Corruption in Nigeria, Says Amb. Steve Nwose
By Ifeoma Ikem
Ambassador Steve Nwose has said corruption continues to thrive in Nigeria because many citizens have surrendered to fear, hopelessness and weak institutions that reward greed while punishing integrity.
Speaking during an online interview while reacting to first quarter reports on corruption trends in 2026, Nwose said Nigerians are not inherently corrupt but have become victims of a system that often encourages dishonest practices.
According to him, corruption has evolved into a self-sustaining cycle where public officials act with impunity while ordinary citizens feel powerless to challenge wrongdoing.
He explained that many Nigerians have gradually normalized corruption because they believe speaking out could expose them to victimisation, intimidation or denial of essential services.
“Nigerians are not uniquely corrupt people. People respond to systems that reward greed and punish integrity. Impunity has led the populace to surrender and normalize corrupt practices,” he stated.
Nwose noted that real national transformation would only happen when citizens stop waiting for political messiahs and begin to build institutions that can outlive individuals.
He urged Nigerians to demand greater accountability from public office holders, support credible leadership and reject corruption at every level of society.
According to him, history has shown that meaningful reforms often begin with a few courageous individuals who inspire others to act.
“Real change has never come because everyone was brave. It came because a few courageous people inspired others to stand up little by little. Fear is real, but silence has never built a better nation,” he added.
The ambassador lamented that many Nigerians now fear the same institutions established to protect them, including security agencies, making it difficult for citizens to report corrupt practices.
He said this growing distrust has weakened public confidence in governance and further emboldened corrupt actors within the system.
Nwose also described corruption as a deeply rooted cultural and systemic challenge, noting that some citizens often participate in bribery simply to gain access to basic services.
He warned that such participation only strengthens the cycle of corruption and makes reforms more difficult to achieve.
He further expressed concern over the judiciary, describing it as an institution whose credibility has been damaged by widespread perceptions of compromised justice.
Highlighting the economic burden on citizens, Nwose said many Nigerian households now spend more than 70 percent of their income on food, leaving little for other necessities and forcing families to focus on survival rather than long-term economic advancement.
society
Customs, NDLEA Intercept N16.7bn Cannabis Shipment at Tin Can Port
Customs, NDLEA Intercept N16.7bn Cannabis Shipment at Tin Can Port
By Ifeoma Ikem
The Nigeria Customs Service, Tin Can Island Port Command, has intercepted a major consignment of illicit drugs valued at N16.7 billion at the Lagos Port Complex, in what authorities described as a significant breakthrough in Nigeria’s ongoing anti-smuggling operations.
The seizure, which occurred barely two weeks after a similar interception, involved 4,173.5 kilograms of Cannabis Indica concealed in 8,347 packages and packed inside a 40-foot container.
Speaking during a media briefing in Lagos, the Customs Area Controller of Tin Can Island Port Command, Comptroller Frank Onyeka, said the operation was carried out through intelligence sharing and strategic collaboration between the Nigeria Customs Service and the National Drug Law Enforcement Agency.
Onyeka explained that officers of the command’s Enforcement Unit intercepted the container marked HAMU 247034/8 after receiving credible intelligence reports from relevant security agencies.
He said the container was immediately flagged for detailed physical examination upon arrival at Tin Can Island Port.
According to him, the container originated from Canada and was discovered to contain large quantities of Cannabis Indica hidden among cargo items.
He disclosed that the illicit substance weighed 4,173.5 kilograms and carried an estimated street value of N16.694 billion.
The Customs boss said the interception highlights the increasing use of maritime trade routes by international criminal syndicates seeking to penetrate Nigeria’s market with illegal substances.
He noted that such criminal activities pose serious risks to national security, public health and economic productivity, particularly among young Nigerians.
Onyeka stated that the command would continue to strengthen surveillance systems, improve cargo profiling and enhance intelligence gathering to safeguard Nigeria’s ports.
He also warned that port insiders and other individuals aiding smuggling activities would be identified and prosecuted in accordance with the law.
The Comptroller commended the Comptroller-General of Customs, Bashir Adewale Adeniyi, for promoting inter-agency cooperation in anti-smuggling operations.
Receiving the seized consignment on behalf of the National Drug Law Enforcement Agency, Director of Seaport Operations, ACGN Ibinabo Archie Abia, described the seizure as a major disruption of transnational drug trafficking networks.
She revealed that the operation followed months of surveillance and international intelligence collaboration involving Homeland Security Investigations, the United States Drug Enforcement Administration and the Royal Canadian Mounted Police.
Abia added that the latest interception, alongside previous seizures of 4,729 kilograms on April 27 and 610.5 kilograms on April 30, reflects growing efficiency in intelligence-driven enforcement operations aimed at protecting Nigeria’s maritime trade environment.
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