General
Oil Stakeholders Reject Dangote’s Direct Distribution, Want Joint Supply
By Adedapo Adesanya
Oil stakeholders under the aegis of Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) have called for the establishment of a joint distribution framework between the Dangote Refinery and existing downstream operators to avoid supply disruptions.
Speaking at NOGASA’s Annual General Meeting in Abuja on Thursday, its National President, Mr Benneth Korie, urged the refinery to work with industry associations rather than bypass them through direct supply to retailers.
Mr Korie argued that such collaboration would protect jobs, ensure market stability, and safeguard the nation’s fuel supply chain, proposing a model in which the refinery focuses strictly on refining and bulk sales to depot owners and marketers, while distribution to the over 50,000 filling stations nationwide remains in the hands of established operators.
“Refining and distribution are two different specialisations. The best approach is for Dangote to refine, sell to marketers, and let us handle distribution. This way, the refinery stays focused on production while marketers maintain nationwide supply,” Mr Korie said.
He warned that bypassing marketers through direct supply could lead to massive job losses in the downstream sector, disrupt existing community relationships in volatile areas, and create bottlenecks that may trigger scarcity.
Mr Korie recalled that NOGASA has strongly supported the Dangote Refinery project in its formative years, even lobbying the Federal Government for intervention to ensure its completion.
“No one has supported the Dangote Refinery more than NOGASA. But we have to be honest, direct distribution will create more problems than it solves. We are proposing a win-win arrangement where all stakeholders benefit,” he added.
The NOGASA president further urged the refinery management to convene an urgent stakeholders’ meeting involving the Independent Petroleum Marketers Association of Nigeria (IPMAN), Petroleum Tanker Drivers (PTD), National Union of Petroleum and Natural Gas Workers (NUPENG) and other industry players to agree on a sustainable distribution model.
Also speaking, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Mr Billy Gillis-Harry, warned that Dangote’s plan to refine, store, transport, distribute and sell directly to the public amounts to a “forward integration strategy” that could crush competition and destabilise the downstream petroleum sector.
Mr Gillis-Harry likened the situation to the cement industry, where dominant producers now control both production and distribution, leading to steep price hikes from about N115 per bag years ago to over N10,000 today.
He alleged that Dangote was already selling fuel at below-cost prices to capture market share,a move he said could drive independent marketers out of business.
“When one company wants to refine, store, handle logistics, distribute and fix prices, it becomes both a businessman and a regulator. That is dangerous for competition and for the economy.
“This is not cement. This is PMS and AGO that run over 95 per cent of Nigeria’s energy needs. If one company controls it all, even the hairdresser will not work again,” he warned.
The PETROAN president urged the Federal Government to enforce clear role separation in the downstream petroleum sector as provided in the Petroleum Industry Act (PIA) and to ensure regulators have the capacity to monitor and prevent anti-competitive practices.
He also called for the reservation of at least one million barrels of crude oil daily for domestic refining, saying this would ensure local refineries, including smaller, regional ones, have adequate feedstock to operate efficiently.
Mr Gillis-Harry also suggested continuous stakeholder consultations involving the refinery, marketers, transporters, labour unions and regulators to design a distribution model that supports competition, prevents job losses and guarantees nationwide fuel availability.
General
TCN Confirms Destruction of Six Transmission Towers in Nasarawa
By Adedapo Adesanya
The Transmission Company of Nigeria (TCN) has confirmed the destruction of six transmission towers along the Apir–Lafia 330kV line in Nasarawa State, causing significant disruption to electricity supply in parts of the country.
In a statement issued on Wednesday, TCN spokesperson, Mrs Ndidi Mbah, said the incident occurred on May 30 at about 1:15 a.m. during a heavy downpour.
She explained that the transmission line initially tripped, prompting operators to attempt a trial reclosure of Line II at about 2:08 a.m., but the effort failed.
A subsequent inspection of the transmission corridor, however, revealed extensive damage to key components of towers T125 to T130, confirming that the infrastructure had been vandalised.
“The tripping of the lines prompted a physical line trace to determine the fault, which revealed damage to critical components of towers T125 to T130, confirming vandalism on the affected sections of the transmission corridor,” Mbah said.
The incident has forced both Apir–Lafia 330kV Transmission Lines I and II out of service pending the reconstruction of the damaged towers.
TCN said its engineers have been deployed to the site to assess the extent of the damage and determine the materials required to restore normal transmission along the corridor.
As an interim measure, the Lafia 330kV Transmission Station is being supplied through an alternative line to minimise the impact on electricity consumers within the franchise areas of Abuja Electricity Distribution Company (AEDC) and Jos Electricity Distribution Company (JEDC).
The company condemned the persistent vandalism of power infrastructure, warning that such acts undermine investments in the electricity sector and threaten the stability of the national grid.
It also urged residents and host communities to remain vigilant and report suspicious activities around transmission installations to security agencies or the nearest TCN office.
TCN stressed that safeguarding critical national infrastructure requires collective responsibility to ensure a reliable and uninterrupted electricity supply nationwide.
General
IFC, NGX Group, LCCI Unveil Nigeria Gender Country Programme
By Aduragbemi Omiyale
A Nigeria Gender Country Programme (NGCP) to advance private sector action on gender equality and inclusive economic growth has been unveiled at a high-level virtual CEO Roundtable convened by the International Finance Corporation (IFC), Nigerian Exchange (NGX) Group Plc, and the Lagos Chamber of Commerce and Industry (LCCI).
The NGCP builds on the momentum of Nigeria2Equal and other initiatives that have advanced workplace inclusion, women’s leadership, entrepreneurship, and sustainable finance across Nigeria’s private sector.
Designed as a more integrated and collaborative platform, the programme seeks to scale impact through coordinated action among development institutions, business leaders, regulators, and the organised private sector.
Anchored on three strategic priorities, the programme aims to increase women’s representation in leadership, improve access to quality employment, and expand access to productive assets—including finance, technology, and markets—for women and women-led businesses.
The partners are expected to formally launch the Nigeria Gender Country Program at a physical event scheduled for July 9, 2026, where stakeholders will further advance implementation of the programme’s strategic priorities.
At the virtual event, the Director General of the Securities and Exchange Commission (SEC), Mr Emomotimi Agama, said, “Gender inclusion is fundamentally an economic growth imperative. Closing gender gaps can unlock billions of dollars in value for Nigeria while strengthening business performance and national competitiveness. We must therefore move beyond viewing inclusion as a corporate social responsibility initiative or compliance exercise, and instead recognise it as a strategic driver of productivity, innovation, and sustainable economic growth.”
Commenting on the initiative, the chief executive of NGX Group, Mr Temi Popoola, said the initiative “presents a significant opportunity to deepen impact and accelerate progress across corporate Nigeria. By expanding women’s access to leadership opportunities, quality employment, finance, technology, and markets, we can unlock substantial economic value while building a more competitive, inclusive, and resilient private sector. At NGX Group, we believe the capital market has a critical role to play in advancing these outcomes through stronger governance, transparency, and stakeholder engagement.”
On his part, the IFC Head of Office in Lagos, Mr Christian Mulamula, said, “Closing the gender gap is one of the most significant opportunities to strengthen competitiveness and productivity. Across Africa, gender inequality is estimated to cost up to $2.5 trillion. Through the Nigeria Gender Country Program, IFC is working with the private sector to expand women’s leadership, improve access to better jobs, and increase opportunities for women-led businesses. Building on Nigeria2Equal, this initiative focuses on practical, measurable solutions that help businesses grow while advancing inclusive growth.”
In her remarks, the DG of LCCI, Ms Chinyere Almona, noted that the programme’s success would depend on leadership accountability and sustained commitment from business leaders, particularly in embedding gender inclusion into organisational strategy and execution.
General
VDR, ECDIS Data Retrieved as NSIB Probes Maersk Vessel Collision at Bonny Anchorage
By Adedapo Adesanya
The Nigerian Safety Investigation Bureau (NSIB) has commenced a forensic investigation into the collision between the container vessel MV Maersk Valparaiso and the oil tanker MT Lady Martina at Bonny Anchorage in Rivers State, following the download of Voyage Data Recorder (VDR) and Electronic Chart Display and Information System (ECDIS) data from the vessel for navigational analysis.
The bureau’s Director of Public Affairs and Family Assistance, Mrs Funke Adebayo Arowojobe, explained that in line with the International Maritime Organisation (IMO) Casualty Investigation Code and international obligations, NSIB had formally notified the Transport Safety Investigation Bureau (TSIB) of Singapore as a substantially interested State.
The incident, which occurred on May 20, 2026, has been classified by the bureau as a Very Serious Marine Casualty (VSMC).
She also said that NSIB activated its marine occurrence response protocols immediately after receiving notification of the incident, noting that the investigation Go-Team was deployed to Onne and Bonny on May 22 to commence evidence preservation and preliminary investigative activities.
The bureau disclosed that investigators boarded both vessels and conducted interviews with their masters and key crew members, while operational records and navigational data linked to the incident were secured.
Also, the director stressed that the bureau had commenced collaborative engagement with relevant local and international stakeholders as part of the investigation process, assuring the public and maritime stakeholders that the investigation would be conducted with professionalism, independence and thoroughness, stressing that the objective was to determine the causal and contributory factors of the occurrence and enhance maritime safety.
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