Dangote Refinery has increased its gantry price of Premium Motor Spirit amid soaring global crude oil prices and the threats by the United States President, Donald Trump to heighten war with Iran.
The refinery raised its petrol price to N1,275 per liter up from N1,200.
This means that the $20 billion refinery increased its gantry fuel price by slightly N75 or 5 percent.
The development comes after nearly a week of stable domestic fuel prices despite crude oil price volatility.
Vice President Kashim Shettima has declared that Nigeria is prepared to lead Africa in the Artificial Intelligence revolution, asserting that the country is positioning itself as a producer of innovation and knowledge rather than a consumer of imported technologies.
Shettima, represented by the Deputy Chief of Staff to the President in the Vice President’s Office, Ibrahim Hassan, spoke at the launch and national flag-off of the Artificial Intelligence University Innovation Pod at the University of Lagos on Tuesday.
The UniPod, created as part of a partnership between the Federal Government, participating state governments, the United Nations Development Programme and Nigerian universities, provides a digital hub for young innovators, students, researchers and industry partners to work together to build AI solutions designed for Nigerian realities.
Speaking, Shettima said Nigeria was on track to assume a leadership role on the continent by building strong digital foundations and innovation systems capable of transforming ideas into measurable economic output.
The Airline’s Chief Executive Officer, Allen Onyema, disclosed this during an interview with journalists after inspecting the airport’s facilities alongside Ogun State Governor, Dapo Abiodun.
The visit followed the official commissioning of the airport by President Bola Ahmed Tinubu.
According to Onyema, Air Peace will operate flights connecting the airport to both London Gatwick Airport and Heathrow Airport, marking a significant milestone for Ogun State’s aviation sector.
Abiodun, in his remark, announced plans to further expand the airport’s ecosystem with the construction of an international conference and convention centre, alongside a 550-room five-star hotel.
He said the development would position the state as a hub for global business and tourism.
The governor, therefore, expressed confidence that the Gateway International Airport could soon become Nigeria’s third busiest aviation hub, after Lagos and Abuja.
President Bola Tinubu, on Saturday, visited Ogun State, to commission and inspect a sweeping array of landmark projects, an indication of its bold stride toward infrastructural transformation, economic expansion and improved service delivery.
At the forefront of the visit is the commissioning of the Gateway International Airport, Iperu—an ambitious project designed to position Ogun State as a major aviation and logistics hub in Nigeria.
President Tinubu also commissioned two newly acquired aircraft under Gateway Air, marking the official takeoff of the state’s aviation initiative in partnership with ValueJet.
Further underscoring the airport’s economic potential, the President will witness a cargo operations showcase facilitated by SAHCOL, signaling readiness for full-scale logistics and freight activities.
In addition, a number of strategic assets will be commissioned at the airport, including 1,000 electric bikes under the state’s EV mobility initiative, 80 security vehicles to strengthen safety architecture, and a fleet of agricultural tractors aimed at boosting food production and supporting farmers.
Beyond the airport, the President will commission the Ilishan–Iperu Airport Road, a vital link connecting the new aviation hub to surrounding communities and enhancing accessibility.
The Senate Committee on Public Accounts has summoned a former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, alongside other former and current officials of the national oil firm over alleged financial discrepancies amounting to N210tn.
Nigeria may record an improvement in its current account balance if global crude oil prices remain elevated, according to a new report by Bloomberg Economics.
