Imported Petrol Now Costs More Than Dangote Fuel – Report

The landed cost of imported Premium Motor Spirit (PMS), also known as petrol, has risen above the ex-depot price offered by the Dangote Petroleum Refinery, according to the latest Energy Bulletin released by the Major Energies Marketers Association of Nigeria (MEMAN).

The report showed that as of July 29, the landed cost of imported petrol stood at ₦1,223.32 per litre, exceeding the Dangote Refinery’s gantry price of ₦1,215 per litre. This means petroleum marketers now pay more to import fuel than to source it locally from the 650,000-barrels-per-day Lekki refinery.

The development has strengthened calls by the Independent Petroleum Marketers Association of Nigeria (IPMAN) for the Federal Government to end petrol importation and rely on local refining. IPMAN said Nigeria’s existing refining capacity, particularly that of the Dangote Refinery, is sufficient to meet domestic demand.

The association argued that continued fuel imports put unnecessary pressure on foreign exchange, weaken the naira and discourage investment in local refining. The MEMAN report also revealed that Dangote’s coastal PMS price stood at ₦1,195 per litre, while Brent crude averaged $90 per barrel and the naira traded at an average of ₦1,367.03 to the dollar during the review period.

The report further indicated that rising global crude prices pushed up the cost of other petroleum products, with diesel landing at ₦1,739.96 per litre and aviation fuel at ₦1,616.43 per litre. The pricing trend suggests that locally refined petrol remains the more cost-effective option for marketers compared to imported supplies.

JAMB Gets New Registrar as Oloyede Hands Over to Aina Today

The Joint Admissions and Matriculation Board (JAMB) will today witness a change in leadership as its outgoing Registrar, Prof. Ishaq Oloyede, formally hands over to his successor, Prof. Segun Aina.

The official handover ceremony is scheduled for 10 a.m. on Friday, July 31, 2026, and will be streamed live on JAMB’s official social media platforms.

The transition marks the end of Prof. Oloyede’s tenure as Registrar, which expires on July 31, and the beginning of Prof. Aina’s administration at the nation’s examination body.

The appointment of Prof. Aina was earlier announced by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

FG Arraigns Two Ansaru Commanders, Three Others Over Oriire School Terror Attack

The Federal Government has arraigned five suspects, including two alleged Ansaru terrorist commanders, over their alleged roles in the abduction and beheading of two teachers kidnapped during the attack on schools in Oriire Local Government Area of Oyo State.

The suspects, identified as Abubakar Abba Mahmuda Abu Bara’a, Abubakar Abbas, also known as Mallam Mahmuda Al-Nigeri, and three others described by the Department of State Services (DSS) as foot soldiers, were brought before Justice Salim Ibrahim of the Federal High Court in Abuja.

The DSS said the two alleged commanders were arrested in August 2025, while the remaining three defendants were directly linked to the Oriire school attack. Justice Ibrahim ordered that all five suspects be remanded in DSS custody and fixed September 24 for the commencement of their trial.

The arraignment comes days after the same court sentenced three other suspects to life imprisonment for their roles in the Oriire school abduction. The convicts, Abdulrazak Umar, Yunusa Musa and Shamsu Adamu Sani, pleaded guilty to charges including terrorism, kidnapping, concealment of information, incitement and illegal mining.

Although the three convicts admitted concealing information about the attack and belonging to Darul Salam, an affiliate of the banned Ansaru group, they denied taking part in the actual school attack. Justice Ibrahim fixed September 16 and 17 for the continuation of their trial on the remaining counts, while the DSS has indicated it will appeal the life sentences, arguing that the offences warrant the death penalty.