
News
Petrol depot prices fall in Lagos as Dangote holds firm
…Rain Oil leads cuts with N18/litre reduction
…Diesel prices crash by up to N70/litre
Depot prices of Premium Motor Spirit (PMS), commonly known as petrol, eased across several terminals in Lagos yesterday as petroleum marketers adjusted prices amid shifting supply dynamics in Nigeria’s downstream oil market.
The latest market data showed a broad-based decline in Lagos, with most major depots reducing their ex-depot prices by between N1 and N18 per litre, while diesel prices recorded even steeper reductions in some locations.
The price movement comes as competition among petroleum product suppliers continues to influence market pricing, particularly with increased domestic refining capacity.
The Dangote Refinery remained relatively stable, with its Lagos PMS price inching up marginally from N1,175 per litre to N1,176 per litre, a difference of just N1.
However, several other terminals reduced prices. Rain Oil recorded the biggest cut among Lagos depots, lowering its petrol price by N18 from N1,180 to N1,162 per litre.

A.A Rano also reduced its price from N1,165 to N1,161 per litre, while AIPEC and Bono moved down from N1,165 to N1,160 per litre.
NIPCO cut its PMS price by N4 from N1,165 to N1,161 per litre, while AITEO adjusted slightly downward from N1,161 to N1,160 per litre.
Other terminals including Masters, Matrix, Sigmund and T.S.L also recorded declines, reinforcing the downward trend in the Lagos depot market.
Masters reduced petrol from N1,203 to N1,197 per litre, Matrix moved from N1,205 to N1,197 per litre, while Sigmund and T.S.L adjusted their prices from N1,200 to N1,195 per litre.
Despite the general decline in Lagos, some terminals in other regions recorded increases, reflecting regional supply and logistics differences. In Port Harcourt, Africanterminal raised its PMS price from N1,495 to N1,505 per litre, while Duport increased from N1,490 to N1,505 per litre.
Gulftreasure and T.Time were quoted at N1,505 per litre, while Dangote’s Port Harcourt terminal recorded a slight reduction from N1,501 to N1,500 per litre.
The diesel market recorded a more significant shift, particularly in Port Harcourt, where prices fell sharply at some depots. Matrix reduced automotive gas oil (AGO) from N1,630 to N1,560 per litre, representing a N70 drop, while Sigmund cut its diesel price by N68 from N1,628 to N1,560 per litre.
In Lagos, AGO prices also softened at some terminals, with Matrix reducing diesel from N1,630 to N1,560 per litre, while Sigmund moved from N1,628 to N1,560 per litre.
Meanwhile, Calabar recorded a slight upward movement in petrol prices. Mainland depot increased PMS from N1,187 to N1,190 per litre, while Northwest moved from N1,190 to N1,195 per litre.
The Chief Executive officer, Petroleumprice.com, Olatide Jeremiah, said the latest adjustments highlight the increasingly competitive nature of Nigeria’s petroleum products market, where local refining output, depot inventories and transportation costs continue to determine price movements.
He said: “With more domestic supply entering the market, especially from major refining facilities, marketers are expected to continue reviewing depot prices in response to changing supply conditions.
“The immediate impact on consumers will depend on how quickly the reductions at depot level translate into retail pump prices, as marketers factor in haulage expenses, operating costs and profit margins.” (Vanguard)
News
Ex-PDP chairman, Bamanga Tukur, dies at 90
Tukur died on Saturday, September 12, 2026, according to a statement issued by his family and signed by his son, Awwal D. Tukur.
The family described the former PDP chairman as its “beloved father and patriarch,” saying he lived a life of service to his family, community, Adamawa State and Nigeria.
“It is with profound sadness and total submission to the will of Almighty Allah that the family announces the passing of our beloved father and patriarch, Alhaji Bamanga Mohammed Tukur, who returned to his Creator today 12th September 2026,” he said.
News
David Mark mourns Bamanga Tukur, says Nigeria has lost a distinguished statesman
The National Chairman of the African Democratic Congress (ADC), Senator David A. B. Mark, GCON, has expressed deep sadness over the passing of former Governor of the old Gongola State, Alhaji Bamanga Tukur.
This was contained in a statement signed by the Special Adviser, Media and Publicity, Kola Ologbodinyan in Abuja.
Senator Mark described the death of the elder statesman as a great loss to Nigeria, particularly at a time when the country needs the wisdom, experience and counsel of its older generation of leaders.
He said Alhaji Bamanga Tukur was a prominent figure whose contributions to Nigeria’s political, administrative and economic development spanned several decades.
According to him, Tukur’s public service record, including his tenure as Governor of the old Gongola State, his service as Minister of Industries and his later leadership of the Peoples Democratic Party (PDP), reflected a life devoted to the service of the nation.

Senator Mark noted that the deceased was also an accomplished businessman and international figure whose contributions extended beyond partisan politics to national development and institution-building.
“Alhaji Bamanga Tukur belonged to a generation of Nigerians who devoted their lives to the service of the country. His journey through public service, business and politics was remarkable, and his counsel and experience will be greatly missed.
“His death is not only a loss to his family and the people of Adamawa State, but also to Nigeria as a whole. At this difficult moment, we must remember and celebrate the values of service, patriotism and national unity that characterised his long public career.”
Senator Mark commiserated with the Tukur family, the government and people of Adamawa State, as well as the many associates and political colleagues of the deceased.
He prayed Almighty Allah to forgive his shortcomings, grant him eternal rest and give his family the strength to bear the loss.
News
Sokoto residents stage protest over kidnappings, attacks
Aggrieved people of Tambuwal Local Government Area of Sokoto State took to the streets on Friday in protest against incessant attacks, kidnappings and the worsening security situation threatening lives, livelihoods and economic activities in the area.
The protest, which reportedly drew residents from parts of the local government, was said to have been triggered by growing fears over repeated attacks and abductions allegedly carried out by armed criminals operating around vulnerable communities.
The protesters expressed deep concern over what they described as the persistent insecurity confronting the area, calling on the Federal and Sokoto State governments to take urgent and decisive measures to protect residents from further attacks.
They lamented that the continued incidents had created an atmosphere of fear, particularly among farmers, traders and rural dwellers whose livelihoods depend largely on unrestricted access to farms, markets and other economic activities.
The demonstrators reportedly demanded the deployment of more security personnel and operational assets to vulnerable communities, insisting that security agencies must intensify patrols, surveillance and intelligence-led operations to prevent further attacks.

They also appealed for stronger collaboration among the military, police and other security agencies to track down criminal elements responsible for the attacks and restore confidence among residents.
The protesters said the situation had assumed a disturbing dimension capable of undermining agricultural production and forcing residents to abandon their communities and farmlands for safer locations.
Responding to concerns over the development, the Sokoto State Police Command confirmed that it was aware of the situation and assured residents that security operatives were “on top of the situation.”
The Command’s Public Relations Officer, Deputy Superintendent of Police (DSP) Ahmad Rufai, who confirmed the development, said the police were monitoring the situation and taking necessary measures to maintain security and protect lives and property in the affected area.
The assurance came amid heightened anxiety among residents, many of whom are demanding not only immediate security intervention but also sustained operations capable of preventing further attacks and kidnappings.
The latest protest has further highlighted the mounting security challenges confronting parts of the North-West, where banditry and kidnapping have continued to threaten rural communities, disrupt agriculture and inflict severe social and economic hardship on vulnerable populations.
Residents are therefore urging the authorities to translate assurances into visible and sustained security operations, arguing that the ultimate measure of success would be the restoration of peace and the ability of citizens to live, farm and conduct their legitimate businesses without fear.
As tension persists, stakeholders are calling for strengthened intelligence gathering, community engagement and coordinated security operations to ensure that Tambuwal and neighbouring communities do not become increasingly vulnerable to criminal elements. (Vanguard)
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