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Dangote Refinery Raises Petrol Price To ₦875

The Dangote Petroleum Refinery has raised its Premium Motor Spirit (PMS) gantry price by ₦101, increasing the ex-depot rate from ₦774 to ₦875 per litre—a development that may prompt fresh fuel price adjustments across the country.

A senior official at the refinery confirmed the development to The PUNCH on Monday, attributing the upward review to recent volatility in global crude oil prices.

“Yes, the price has been reviewed. The new gantry price is now ₦875 per litre from ₦774. The review became necessary due to changes in global crude fundamentals and replacement costs,” the official said.

Checks on petroleumprice.ng showed that the revised gantry price had already been reflected, signalling a shift in downstream pricing benchmarks.

The price adjustment followed the refinery’s earlier decision to suspend petrol loading operations effective midnight on March 2, 2026, after international crude oil prices surged past the $80 per barrel mark overnight.

Industry data indicated that Premium Motor Spirit loading stopped exactly at midnight, halting product lifting and the issuance of Proforma Invoices – a clear sign that fresh transactions were temporarily paused.

However, the suspension applied strictly to petrol, as Automotive Gas Oil, popularly known as diesel, continued loading.

The development also prompted a ripple effect across the downstream sector, with several private depot owners reportedly suspending petrol sales during the trading day.

“Several depot owners suspended PMS sales because of the crude rally. The market is already factoring in risk premiums. Nobody wants to sell below replacement cost,” a downstream operator said.

Market watchers say such coordinated pauses often precede price realignments, as operators adjust to global crude movements and projected replacement costs.

The current volatility in the oil market has been linked to heightened geopolitical tensions between the United States and Iran, raising fears of supply disruptions — particularly around the strategic Strait of Hormuz.

Energy analysts warn that sustained hostilities in the Middle East could disrupt global supply chains, push up freight and insurance premiums, and increase import and refining costs – even as Nigeria ramps up local refining capacity.

Five energy experts, in separate interviews with The PUNCH, cautioned that petrol and diesel prices in Nigeria could rise further if crude oil climbs beyond $90 per barrel.

With the gantry price now at ₦875 per litre, marketers are expected to adjust pump prices accordingly in the coming days, potentially pushing retail prices closer to the ₦1,000 mark in some locations.

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Entertainment News

Why I Stopped Going To Church – Nigerian Streamer, Carter Efe Opens Up (Video)

Popular streamer Caterefe has revealed that skit maker Sidney Talker influenced his decision to stop attending church.

Appearing in a recent episode of The Honest Bunch Podcast, Caterefe explained that he used to be a consistent churchgoer until Sidney, whom he was looking up to as a dedicated Christian gave him some advice that contradicted his expectation from a seemingly dedicated Christian.

The streamer revealed that Sidney advised him to quit streaming and also discharge his streaming partner Kolu with just a million naira.

He explained that Sidney’s advice comes off to him as malicious and it affected how he views Christians and churchgoers.

“I used to go to church but I stopped because I noticed that a lot of churchgoers are very malicious. For example, Sidney Talker goes to church consistently yet he advised me to quit streaming. I see that as malicious advice.

“He has even advised me before to discharge Kolu with 1 million naira but I refused. That was when I decided to make Kolu my best friend. He said that I should discharge Kolu because his former boss Portable has juju and could attack me.

“I wonder why Sidney Talker is afraid of juju despite his consistency in church. I was surprised by his advice because I was beginning to gain traction and then suddenly he advised me to stop. What reason would you have to tell me to calm down? It seemed malicious to me,” he expressed.

Carter Efe also shared that before he started streaming, he was depressed for months because he felt pressured as skit making was fading out of trend.

He explained that he recovered from depression after he began his streaming.

Watch the video below:

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Sport News

Ex-Super Eagles Captain, Ahmed Musa Reacts To Claims He’s Returning To Europe

Former Super Eagles captain Ahmed Musa has ruled out a return to European football.

Musa has been linked with a move to Kazakhstani side, FC Kaysar.

FC Kaysar recently signed Musa’s former Super Eagles teammate, Victor Moses.

 

Daily Post reports that sources close to the player, say the forward is firmly fixed on restoring Kano Pillars glory days.

 

The former Leicester City star doubles as a player-cum-General Manager of Kano Pillars.

The Sai Masu are currently battling relegation in the Nigeria Premier Football League, NPFL.

Musa last played in Europe for Turkish Super Lig outfit, Sivasspor.

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JAMB Begins 2026 Direct Entry Registration

The Joint Admissions and Matriculation Board (JAMB) has announced the start of the 2026 Direct Entry (DE) registration.

In a statement posted on its official X account on Monday, the board said the sale of application documents began on Monday, March 2, 2026, and will end on Saturday, April 25, 2026.

JAMB advised prospective Direct Entry applicants that the registration service can only be accessed at its offices nationwide.

It wrote: “2026 Direct Entry Registration: This is to inform the prospective DE applicants that sale of application document has commenced today Monday, 2nd March 2026 and will end by Saturday, 25th April 2026.

“Please, note that this service can be accessed only at our offices nationwide.”

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Sport News

Iran War: Ex-Super Eagles Captain, Troost-Ekong Trapped In Qatar Amid US Attacks

William Troost‑Ekong,  a former Super Eagles captain, is reportedly stranded in Qatar, according to Soccernet.

Troost-Ekong recently signed for Al Ahli SC after leaving Saudi Arabia in January.

But as it stands, the 32-year-old cannot leave Qatar, amid the unfolding international crisis in the Middle East.

This is because football matches and flights are on hold.

There are growing military tensions between Iran and Israel in the Gulf.

Iran carried out strikes on key locations in retaliation to attacks it believes were carried out by the United States and Israel.

Qatar’s Defense Ministry also claimed its air defense system blocked missiles that were sent into the country, as part of a planned security measure.

After Qatar and nearby countries closed their airspace temporarily, many foreigners, travelers, and professional athletes are stuck in the country.

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News

US/Israel vs Iran War: Warplanes Crash In Kuwait, Crews Rescued

Kuwait Ministry of Defence has reported that multiple United States military aircraft crashed in the country on Monday.

The development was disclosed by the Kuwait News Agency in a post on X, citing a statement from the Defence Ministry.

According to the statement, all crew members aboard the aircraft survived the incident, while Kuwaiti authorities are assisting with rescue and response operations.

“Ministry of Defense announces that several #US military aircraft crashed earlier in the day, confirming that all crew members survived the incident,” the post stated.

The exact number of aircraft involved and the cause of the crashes were not immediately disclosed.

The incident comes a day after Iran reportedly struck a US military base in Kuwait in retaliation for joint airstrikes carried out by Israel and the United States on Iranian targets.

Other countries said to have been affected by Iranian missile attacks targeting US bases and facilities in the region include Qatar, Bahrain, the United Arab Emirates and Saudi Arabia.

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Entertainment News

Nollywood Actress, Juliana Olayode Speaks On Alleged Feud With Funke Akindele

Nollywood actress Olayode Juliana, popularly known as Toyo Baby, has denied rumours of a rift with Funke Akindele, affirming that there is no issue between them.

Speaking in an interview with BBC Pidgin, Olayode described Funke as someone she deeply respects and loves.

She said, “Funke Akindele, she’s somebody I really respect and love. You know, I look up to her. She’s an amazing human being.”

She added that their relationship is like that of a mother and child in the industry. “So me and Funke Akindele are like mother to child, like industry mother to me. So no lele, no yawa, no nothing. Nothing dey!”

The actress also addressed her decision not to kiss in movies, maintaining that it is a personal choice rooted in her beliefs.

She said she would not accept roles that require her to kiss on screen. “Before you go see me where I go kiss for film, maybe they cast me with my husband. That’s if I marry an actor, which I don’t want to marry an actor,” she said.

She admitted that when she first entered the industry, negative comments used to affect her deeply.

“Before, when I just started for this industry, if anybody talked about me, I would cry and say, oh, I’m not like this,” she said.

However, she noted that she has grown tougher over time.

“Until you see me for real hold my shirt or slap my face, by that time, I’ll know you’re dragging me,” she added, explaining that she now ignores baseless criticism.

On her stance about purity, the actress said many people limit the concept to sexual matters alone.

“I believe personally, say, the life of purity is the life where God don call all of us to live,”she said. She added that purity goes beyond sexual behaviour. “Most times people box purity, say, okay, only sexual purity. But purity, they far beyond sexual purity. Purity in character. Purity in finances. Purity in our place of work. Purity in every area and aspect of our life. Even purity in governance.”

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News

Who Is Ayatollah Arafi? 10 Things To Know About The New Iran Supreme Leader

Iran’s interim leadership council has named Ayatollah Alireza Arafi as the clerical member of the body currently exercising the powers of the late Supreme Leader, Ayatollah Ali Khamenei.

Arafi officially took on the role on March 1, 2026, under Article 111 of the Iranian Constitution, which establishes a temporary leadership framework until the Assembly of Experts selects a new Supreme Leader.

Article 111 stipulates that in the event of the de@th or incapacitation of a Supreme Leader, a temporary leadership council assumes the responsibilities of the office until a permanent successor is chosen.

With Khamenei’s de@th, the interim council has now begun overseeing the functions traditionally exercised by Iran’s highest political and religious authority.

Arafi’s appointment places him at the centre of this sensitive transition, as the country navigates a period of political uncertainty.

As a senior Shi’a cleric, Arafi is widely regarded as a figure with influence across Iran’s major institutions, including the military establishment, the judiciary and the religious seminaries.

Until the Assembly of Experts concludes its deliberations and selects a permanent Supreme Leader, Arafi and other members of the interim council will collectively exercise the constitutional powers attached to the office.

Ten key facts about the acting Iranian leader:

1. Born in 1959 in Meybod, Yazd Province, Arafi rose through Iran’s clerical ranks over several decades.

2. Ayatollah Alireza Arafi practices Islam, follows the Twelver Shi’a denomination, adheres to Ja‘fari jurisprudence, and upholds the Usuli creed.

3. In Qom, he completed his primary school education. At the same time, he began his seminary courses and preliminary courses. Later, he also attended seminary courses and learned Arabic and English. Furthermore, he studied mathematics and philosophy. (Qom is widely regarded as Iran’s religious capital and a major centre of Shi’a scholarship).

4. Arafi has attained the rank of mujtahid because of his expertise in Islamic jurisprudence and philosophy, and he has authored and co‑authored numerous works on these subjects — including the book Education Jurisprudence (Al‑Fiqh Al‑Tarbawi). Some of his academic articles, published in Iranian journals, cover topics such as Islamic jurisprudence, educational law, and social issues.

5. Between 2008 and 2018, he was President of Al-Mustafa International University, an institution that trains clerics and religious scholars from Iran and abroad.

6. He has served as the Friday Prayer Imam of Qom since 2015.

7. Since 2016, Arafi has headed Iran’s nationwide seminary system, overseeing religious education nationwide.

8. Arafi holds the religious title of Ayatollah, a rank accorded to high-level Shi’a clerics with advanced theological scholarship.

9. He has served as a member of the Guardian Council since 2019, a powerful constitutional body responsible for vetting legislation and supervising elections in Iran.

10. He has also been a member of the Assembly of Experts since 2022, a clerical institution constitutionally mandated to appoint and oversee the Supreme Leader.

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News

2027: INEC Calls For ‘Simple Language’ Version Of Electoral Act

The Independent National Electoral Commission has urged the Nigerian government to clarify the recently amended Electoral Act to ensure it is easily understood by voters.

INEC Chairman, Professor Joash Amupitan, explained that what Nigeria needs is a simple legislation on the Electoral Act, written in a simplified language, that will be easy for every Nigerian to understand.

Prof Amupitan made the call at a citizens’ town hall meeting organized by the Civil Society Network on Election Integrity and the Electoral Act, held in Abuja, on Sunday.

The INEC Chairman’s call comes amid the controversy surrounding the real-time transmission of election results, which he said must be clarified, considering that Nigeria is a highly diverse society, especially in its political and electoral landscapes.

He said, “We have gone through the Electoral Act, from the beginning to the end, and we have looked at some of the contentious areas, especially in a country that is highly diverse.

“What Nigeria needs is actually what I call simple legislation, a simple language legislation, whereby it will be possible for every Nigerian to understand and appreciate the provisions of every section.

“Talking about the transmission of the result, when INEC came in, we thought that transmission should be mandated. But let us be sincere about this, the only problem we had is how to define what we call real time.

“For instance, the FCT area council election that just took place, in Kuje, results came out on time in five area councils, but the result from Kabi ward did not come until the following day, Sunday. We could not reach our officers; they were not accessible by phone.

“I don’t see the issue of transmission as a problem; the problem is the adequacy of the network we have.

“You expect that in a place like FCT, you should be able to transmit your results without any encumbrance.

“But we had a situation where it was impossible for us to have a real-time transmission of results because of coverage.”

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News

Iran War: Saudi Arabia Shuts Down One Of The World’s Largest Oil Refineries

Saudi Aramco has suspended operations at its Ras Tanura refinery in Saudi Arabia following reports of a drone strike in the vicinity, Reuters reports.

Ras Tanura, one of the largest oil refining and export facilities in the world, has a refining capacity of roughly 550,000 barrels per day and serves as the kingdom’s largest oil export terminal.

The facility handles approximately 6.5 million barrels of crude daily nearly 7% of global oil supply flows through this single site.

Reports indicate the attack was carried out by Iran amid rising regional tensions, affecting critical Aramco infrastructure.

Following the strike, a fire reportedly broke out in the refinery’s processing complex.

Authorities say the blaze has been contained, and no casualties have been confirmed.

Recall that series of strikes by the US and Israel against Iran began Saturday, 28th February, 2026.