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NNPCL Fires Back at Dangote in Fierce Fuel Price War, Drops Petrol to N860/Litre

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In a dramatic turn of events that is reshaping Nigeria’s fuel market, the Nigerian National Petroleum Company Limited (NNPCL) has slashed its petrol price to N860 per litre, aligning with the Dangote Petroleum Refinery’s latest pricing. This unexpected move, confirmed by independent marketers, signals a brewing price war between two of Nigeria’s biggest fuel suppliers.

On Monday, several NNPCL stations in Lagos quietly adjusted their pumps, dropping the price from N945 per litre to match Dangote’s rate at MRS filling stations. Though the company has not made an official announcement, industry sources say the change reflects a response to Dangote’s aggressive pricing strategy. Just days earlier, Dangote reduced its ex-depot petrol price from N890 to N825 per litre, a move that has sent ripples across the industry.

NNPCL’s spokesperson, Olufemi Soneye, remained silent on the development, declining to comment on the new pricing strategy. However, independent marketers confirmed the shift. Hammed Fashola, Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), revealed that while NNPCL has yet to update its pricing portal, it has assured marketers that adjustments are in progress.

Meanwhile, the President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, also confirmed the price cut, though details remain scarce.

The rivalry between NNPCL and Dangote is no longer subtle. Since December 2024, Dangote’s refinery has aggressively reshaped Nigeria’s fuel market, forcing competitors to adjust their prices in response. Before its entry, NNPCL dominated fuel pricing, often setting the national benchmark. Now, with the 650,000-barrel-per-day Dangote refinery in operation, the dynamics have shifted, breaking NNPCL’s long-standing monopoly and altering the Atlantic Basin gasoline market.

Market observers note that queues once common at NNPCL stations have dwindled, as consumers increasingly flock to Dangote-backed retail outlets. Many drivers claim Dangote’s petrol lasts longer, a perception that has boosted demand for its product.

Despite the price cuts, concerns linger about the sustainability of this fierce competition. Fashola warns that while price reductions benefit consumers, they should not be a ploy to eliminate competitors from the market. He hopes both players maintain a fair and competitive market without resorting to tactics that could harm smaller marketers.

In Abuja, NNPCL stations have lowered prices to N880 per litre, down from N965 last week. However, independent marketers in the capital are struggling to match these reductions. Many filling stations along key routes, including Jabi and Wuse, have retained higher prices, while others have ceased operations altogether. Bovas and Shema stations have made only slight adjustments, selling petrol at N970 and N960 per litre, respectively.

Adding to the drama, Dangote announced a refund of N65 per litre to marketers who bought petrol at the higher rate before Monday’s price cut. While this move has been welcomed, not all affected marketers will benefit, as only recent transactions qualify for the rebate.

With NNPCL and Dangote locked in a high-stakes battle for market dominance, Nigerians watch closely, hoping this competition leads to long-term relief from soaring fuel costs. The question remains—how long can this price war last, and who will ultimately emerge on top?

 

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Venite University Matriculates 406 Students in Record Third Ceremony

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Venite University Matriculates 406 Students in Record Third Ceremony

Venite University, Iloro-Ekiti, on 5 March admitted 406 new students during its third matriculation ceremony, the largest intake since the institution began academic operations.

The milestone ceremony signalled a rapid rise in enrolment for the Ekiti-based private university and drew a large gathering of academics, industry leaders and community stakeholders.

Vice-Chancellors from several Nigerian universities attended the event, including those from Ekiti State University, Federal University Oye-Ekiti, Hillside University of Science and Technology, University of Offa, Bamidele Olumilua University of Education and Technology, and Landmark University. Members of the Governing Council, traditional rulers, religious leaders and political figures also filled the venue alongside parents and guardians.

In her address, the Vice-Chancellor, Professor Charity O. Aremu, told the new students that their admission placed them at the centre of the university’s expanding academic vision.

“Our vision is to build a university that stands on honesty and innovation, anchored on the values of disciplina, notitia, industria, and ingenium,” she said.

She explained that the university now prioritises innovative teaching methods, stronger translational research, global academic partnerships and digital transformation across its programmes.

Prof. Aremu reminded the matriculants that their years at the university must go beyond lectures and examinations.

“Your journey here is not only about academic success. It is about developing character, creativity and the ability to solve real-world problems,” she said.

She also pointed to recent institutional milestones, including the approval of 48 academic programmes by the National Universities Commission and emerging partnerships with global technology companies such as Microsoft and Cisco.

According to her, the university continues to invest in research capacity and digital learning infrastructure, including modern laboratories and expanded e-library systems designed to support technology-driven education.

The Pro-Chancellor and Chairman of Council, Professor Olabisi Aina, congratulated the new students and described their admission as an opportunity to shape the institution’s identity as it grows.

“You are joining this university at a defining moment,” she said. “Carry the values of discipline, integrity and creativity wherever your academic journey takes you.”

Parents and guests at the ceremony praised the university’s learning environment and infrastructure, while representatives of the Joint Admissions and Matriculation Board, academics and community leaders delivered goodwill messages.

During the formal matriculation rite, the new students took the oath of allegiance to the institution, pledging to uphold its rules and values throughout their studies.

Traditional and religious leaders later offered prayers for the students, urging them to approach their academic work with discipline and a strong sense of responsibility.

With the admission of 406 students, Venite University records its highest intake yet, a sign of growing confidence in the institution as it expands its academic programmes and research profile within Nigeria’s higher education landscape.

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Venite University Inaugurates Charity Aremu as Second Substantive Vice-Chancellor

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Venite University Inaugurates Charity Aremu as Second Substantive Vice-Chancellor

Venite University, Iloro-Ekiti, on 5 March 2026 inaugurated Professor Charity O. Aremu as its second substantive Vice-Chancellor, formally placing the crop improvement scholar at the helm of the institution for the next five years.

Professor. Charity Onye Aremu

Professor. Charity Onye Aremu

The Pro-Chancellor and Chairman of Council, Professor Olabisi I. Aina, who officiated the investiture, described the event as a defining moment for the university’s leadership and direction.

“The investiture of the Vice-Chancellor represents more than a ceremony. It is a statutory affirmation of leadership and commitment to the institution’s future,” Prof. Aina said.

She noted that the Governing Council reached its decision after what she described as a rigorous and transparent selection process, expressing confidence in Prof. Aremu’s academic pedigree and leadership experience to guide the university through its next phase of development. The council, she added, expects the new Vice-Chancellor to uphold institutional integrity, strengthen academic performance, and provide strategic leadership for sustained growth.

Prof. Aremu, a respected scholar in crop improvement and sustainable agriculture, earned her Bachelor’s and Master’s degrees from the University of Ibadan before obtaining a PhD in Plant Breeding and Sustainable Agriculture from the Federal University of Agriculture, Abeokuta. Her research record includes more than 100 peer-reviewed publications and over 2,000 academic citations.

Before her appointment at Venite University, she served as Vice-Chancellor of Landmark University and held several senior academic roles at both Landmark University and Ladoke Akintola University of Technology, including Head of Department, Dean, Director of the African Agripreneurship Development Centre, and Chair of the University Academic Board and Senate.

In her investiture address, Prof. Aremu set out an ambitious agenda for the university, stating that her administration would focus on building Venite into a globally recognised centre for research and development.

“Our vision is to build Venite University into a globally recognised institution in research and development, producing knowledgeable, creative and innovative graduates with positive impact on society,” she said.

She explained that the university would prioritise academic excellence, stronger research output, improved administrative processes and institutional development over the next five years. Her plan also includes expanding industry partnerships and equipping students with practical skills in areas such as cybersecurity, big data analytics and entrepreneurship.

The new Vice-Chancellor further outlined targets for increased student enrolment, infrastructure development, international collaborations and stronger global visibility for the institution.

Chairman of the Board of Trustees, Professor Dipo Aina, represented at the ceremony by Dr. Adenike Kolawole, expressed confidence in her leadership capacity.

“With her leadership, Venite University will enter a new era of exponential growth, strengthened governance and transformative societal impact,” he said.

The inauguration signals a new phase for Venite University as the institution positions itself to expand its academic influence within Nigeria and strengthen its presence in global research networks.

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Three Ekiti Students Win Big at 2026 Future Agenda Awards

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Three Ekiti Students Win Big at 2026 Future Agenda Awards

Three teenage students from St. Lawrence Metropolitan College, Ado Ekiti, have clinched top honours for academic excellence at the 2026 Ekiti Future Agenda Awards, held on Thursday at Adetiloye Hall.

Oreoluwa Alayande, Damilola Adeolu and Goodness Ewenike received the awards after a year of standout performances in national spelling competitions that placed Ekiti on the academic map.

Three Ekiti Students Win Big at 2026 Future Agenda Awards

Three Ekiti Students Win Big at 2026 Future Agenda Awards

The event drew educators, policymakers and community leaders who gathered to celebrate young achievers across the state. But it was the trio from one school that commanded attention.

Fourteen year old Oreoluwa shot into national prominence in 2025 when she emerged champion of the MTN mPulse Spelling Bee. Her victory came with a ₦5 million education grant, a one day experience as MTN Nigeria’s chief executive, a new laptop and smartphone, and a one year role as Face of mPulse.

Her triumph also delivered major rewards to her school, including ₦10 million, 10 laptops and 10 5G routers, while her teacher received ₦500,000 in cash support.

Thirteen year old Damilola followed with a strong showing at the Nigeria Spelling Bee in Port Harcourt, Rivers State, where she placed second. She is now set to represent Nigeria and Ekiti State at the international finals in Zimbabwe.

Goodness, also 14, secured first place at the National Spell Africa competition in Lagos, completing what many at the ceremony described as a rare academic streak from a single institution.

All three students achieved these milestones while in SS2, balancing routine schoolwork with high pressure national contests.

The awards were presented by Amb. Prince Micheal Ogungbemi, Chairman of Ajoni LCDA, who praised the students for projecting Ekiti beyond its borders through intellect and discipline.

Three Ekiti Students Win Big at 2026 Future Agenda Awards

Three Ekiti Students Win Big at 2026 Future Agenda Awards

For St. Lawrence Metropolitan College, the recognition signals more than trophies. It reinforces a growing reputation for grooming students who compete and win on national stages.

For Ekiti, it offers a sharper narrative, one driven not by politics or rhetoric, but by young minds spelling their way into history.

Three Ekiti Students Win Big at 2026 Future Agenda Awards

Three Ekiti Students Win Big at 2026 Future Agenda Awards

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