The Dangote Petroleum Refinery and Petrochemicals has reduced its gantry price for premium motor spirit (PMS), popularly known as petrol, to ₦1,200 per litre.

Disclosing this in a statement sighted by Channels Television on Friday, the spokesperson for the Dangote Group, Anthony Chiejina, said the refinery pegged its coastal price at ₦1,153 per litre, a development expected to reshape fuel supply costs across Nigeria’s downstream distribution chain.

According to him, the price adjustment represents a downward review in the refinery’s pricing template.

This comes at a time of heightened uncertainty in the global oil market, driven by geopolitical tensions in the Middle East.

“Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for petrol to ₦1,200 per litre and its coastal price to ₦1,153 per litre, a move that comes amid ongoing tensions in the Middle East that continue to influence global oil markets.

“The adjustment marks a downward review in the refinery’s pricing structure and is expected to influence fuel supply costs across distribution channels, including depots and retail outlets,” Chiejina stated.

The price drop reflects a decrease of ₦75 from the previous rate of ₦1,275 per litre.

The refinery had recently increased its petrol price from ₦1,175 per litre to ₦1,245 per litre.

Chiejina maintained that the “price adjustment represents a downward review in the refinery’s ex-depot pricing and is expected to ripple across Nigeria’s downstream sector, potentially easing supply costs for marketers and influencing pump prices at retail outlets.

He added that lower ex-depot prices typically translate into reduced pump prices.”

The spokesman expressed worry that the “Middle East crisis has introduced renewed uncertainty into global oil markets, affecting shipping routes, insurance premiums, and supply chains”.

“For Nigeria, the presence of large-scale local refining capacity is increasingly seen as a stabilising factor, offering some insulation from external shocks even as global market pressures persist,” he added.

With the new ₦1,200 per litre rate, marketers are expected to recalibrate their landing costs, especially those sourcing locally instead of importing.

Similarly, the coastal price of ₦1,153 per litre is expected to affect marine deliveries to coastal depots, providing an alternative supply route for distributors operating in southern corridors.

Justice Hamza Muazu of the Federal Capital Territory High Court has discharged a former minister of aviation, Stella Oduah, of a ₦2.5 billion fraud charge.

The court also discharged Gloria Odita, a former aide to Oduah.

Justice Muazu ordered their discharge after the prosecution said it had discontinued the case against them based on a plea bargain agreement reached by the parties.

The prosecution, however, retained two companies linked to the former minister — Sobora International Limited and Global Offshore and Marine Limited — as defendants in an amended charge.

Counsel for the Federal Government, Rotimi Oyedepo, said the prosecution reviewed the case in light of the agreement and proceeded against the companies, which were accused of benefiting from the alleged fraud.

In the amended two-count charge, Sobora International Limited was accused of being unlawfully in possession of ₦838 million, while Global Offshore and Marine Limited allegedly possessed ₦1.629 billion.

Following a guilty plea entered on behalf of the companies, Oyedepo urged the court to convict them and order their winding up.

He also asked the judge to order the forfeiture of ₦1.2 billion paid as restitution, contained in a bank draft submitted before the court, as well as ₦780 million recovered during the investigation.

Counsel for the defendants, Onyechi Ikpeazu and Wale Balogun, did not oppose the application.

In his ruling, Muazu convicted the two companies based on their guilty plea and ordered that they be wound up.

He further directed that the ₦1.2 billion restitution and the ₦780 million recovered during the investigation be forfeited to the Federal Government.

The judge also struck out the earlier charge dated October 13, 2025, which included Oduah and Odita as defendants, effectively discharging both of them from the case.

Oduah and Odita were arraigned in December 2025 by the Office of the Attorney-General of the Federation on a five-count charge bordering on alleged fraud, obtaining by false pretence, and criminal breach of trust.

The prosecution had alleged that the defendants conspired in January 2014 to obtain ₦2.4 billion from the Federal Ministry of Aviation through Broad Waters Resources Nigeria Limited and Global Offshore Marine Limited under alleged fraudulent claims.

The offences were said to contravene Sections 8(a) and 1(1)(a) of the Advance Fee Fraud Act and are punishable under Section 1(3).

The defendants had initially pleaded not guilty before the plea bargain was reached.

No fewer than 8,433 delegates are expected to participate in the 2026 national convention of the All Progressives Congress (APC) at Eagle Square, Abuja.They will be led by President Bola Tinubu, 31 governors, and members of his cabinet.

The Minister of Information and National Orientation, Mohammed Idris, disclosed this at a meeting with journalists at the Transcorp Hilton in Abuja to unveil plans and expectations for the upcoming event, scheduled for March 27 and 28.

Idris, who serves as Co-Chairman of the convention’s Media and Publicity Committee, outlined readiness, logistics, and the party’s democratic messaging ahead of the event.

He called on members of the committee to work together in unity to ensure effective communication and successful delivery of the convention.

“A lot of sacrifice is expected from all, in line with the party’s vision for a united and disciplined approach to communicating to Nigerians,” he said.

The minister reminded members that the APC must continue to uphold strong internal democratic values.

“As party members, we must reflect a significant attribute of our president,” Idris said.

He added that the forthcoming convention represented an important milestone for the party as it continues to strengthen its internal structures and democratic processes.

Already, the party has confirmed it will adopt a consensus approach for selecting national leaders during the convention.

Assistant Secretary for Media and Publicity, Mary Ikoku, who disclosed the plan on Wednesday on Channels Television’s Sunrise Daily, added that the party has not yet decided how elective positions during primaries will be handled, noting that decisions may vary with local political dynamics.

The meeting on Thursday had governors, the leadership of its 2026 National Convention Central Coordination Committee, with its chairman and vice chairman, among other stakeholders.

The event also had in attendance the Minister of Aviation and Aerospace Development, Festus Keyamo; the Minister of Art, Culture, and the Creative Economy, Hannatu Musawa; Special Adviser on Information and Strategy, Bayo Onanuga; and the Special Adviser on Public Communication and Orientation, Sunday Dare.

The convention will allow APC members to choose national executives who will pilot the affairs of the party ahead of the 2027 general elections.

The new national officers would be expected to conduct the party primaries that will produce candidates for the presidential, governorship, House of Assembly, and National Assembly elections.