BUSINESS

Private Depot owners hike ex-Depot petrol price to ₦800/Litre

Daily Dispatch January 3, 2026

…as Dangote Refinery Shuts Petrol Unit for Planned Maintenance and upgrades Nigeria’s downstream petroleum market has witnessed a sharp price reversal, with private depot owners lifting the ex-depot price of Premium Motor Spirit (PMS, commonly known as petrol) to ₦800 per litre across

COLUMNS

Dangote And The Shady Fuel Sector

Daily Dispatch December 21, 2025

By Kazeem Akintunde Nigeria’s oil sector rumbled last week, when the Chairman of the Dangote Group of Companies, Alhaji Aliko Dangote alleged that the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, was spending millions of dollars on his children’s education in Switzerland, an amount far beyond his

NEWS

ICPC invites Dangote to substantiate petition against ex-NMDPRA Boss Farouk Ahmed

Daily Dispatch December 21, 2025

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has invited Africa’s richest man, Aliko Dangote, to appear before its investigators or send a representative to substantiate allegations of corruption he made against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk

COLUMNS

Analysis: Dangote Refinery vs NMDPRA — A Test Case for Nigeria’s Industrial Policy

Daily Dispatch December 17, 2025

By Sunday Oladapo The ongoing dispute between Africa’s richest man, Aliko Dangote, and the leadership of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), led by Engr. Farouk Ahmed, has evolved beyond a regulatory disagreement into a defining moment for Nigeria’s industrial and economic credibility. Dangote’s $20 billion (about ₦33 trillion)

BUSINESS NEWS

MRS filling stations begin selling petrol at ₦739 per litre amid surge in Dangote refinery sales

Daily Dispatch December 17, 2025

Motorists in Lagos have begun flocking to MRS Oil filling stations as the company started dispensing Premium Motor Spirit (petrol) at ₦739 per litre, following a sharp reduction in the ex-depot (gantry) price by the Dangote Petroleum Refinery. The price cut, which took effect in parts of Lagos including Alapere, marks a significant drop from […]

LEAD STORY 2

Farouk Ahmed defends integrity amid education funding allegations

Daily Dispatch December 17, 2025

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has issued a detailed public statement responding to allegations concerning the financing of his children’s education abroad, describing the claims as misleading and timed to undermine ongoing regulatory reforms. In the statement titled “A