Nigeria’s marketers and retailers of petroleum products imported 154.22 million liters of premium motor spirit from March 17 to March 23, 2025, as reported by the Nigerian Port Authority.
This indicates that during the specified period, petrol marketers and retailers sought alternative sources for petroleum products beyond the Dangote Refinery. According to a document released by the NPA on Thursday, vessels transporting 115,000 metric tonnes, equivalent to 154.22 million liters of PMS, are set to deliver these products through the Tincan port in Lagos, the Lekki Deep Seaport in Lagos, and the Calabar port in Cross River State.
What’s the debate over masks?
The document further disclosed that the Dangote Refinery imported a total of 654,766 metric tonnes of crude oil during the same timeframe.
In line with this, the initial shipment of 20,000 metric tonnes of Premium Motor Spirit (PMS) designated for the West African Port Services arrived at the Dangote terminal on Monday, March 17, 2025, at 4:03 PM.
On that same day, two vessels, each carrying 20,000 metric tonnes, docked at the Tincan and Calabar seaports. Additionally, a Watson vessel, also with a capacity of 20,000 metric tonnes, arrived on Thursday, March 20, at 3:18 PM, docking at the Ecomarine terminal and managed by a Kach maritime agent.
Moreover, Binta Saleh’s vessel is set to arrive at the Tincan port in Lagos, transporting 5,000 metric tonnes of imported petrol, scheduled for Friday, March 21, at midnight.
On Saturday, March 22, at 11:06 am, a vessel carrying 15,000 metric tonnes of fuel is scheduled to dock at the Calabar port, with Peak Shipping designated as its agent.
Additionally, another vessel with the same capacity of 15,000 metric tonnes of fuel is set to arrive at the Eco Marine terminal at the same port on Sunday at 5:10 pm. Collectively, these seven vessels are expected to deliver a total of 115,000 metric tonnes.
In summary, using the conversion rate of 1,341 litres per metric tonne, this indicates that petrol retailers and marketers will be receiving approximately 154.22 million litres of petrol during this timeframe.
This development occurs in the context of Dangote Refinery’s recent decision to halt the sale of its petroleum products in Naira.
The decision by the refinery, which processes 650,000 barrels per day, to cease sales in Naira is closely linked to the ongoing deadlock regarding the Naira-for-crude sale agreement with the Nigerian National Petroleum Company Limited.
Previously, the Petroleum Retailers Outlets Owners Association of Nigeria indicated to DAILY POST that its members would not hesitate to explore alternatives with NNPCL and consider petrol imports.
It is noteworthy that as of March 12, 2025, the landing cost of imported Premium Motor Spirit (PMS) had decreased to between N774 and N797 per litre, while the ex-depot price at Dangote Refinery was recorded at N815 to N825 per litre.
In support of PMS imports, the Nigerian Midstream and Downstream Petroleum Regulatory Authority recently pointed out that the country’s three functioning refineries account for less than 50 percent of the daily petrol consumption, with the remainder being supplied by imported products.
About the author
Rwanda vs Nigeria: Chelle reignites the Super Eagles’ aspirations for the 2026 World Cup in Kigali.
On Friday, Eric Chelle became the inaugural non-Nigerian African coach to take the helm of the Super Eagles. The Malian coach directed his first match, resulting in a 2-0 win against Rwanda during a qualifying round for the 2026 World Cup. Chelle's appointment by the Nigeria Football Federation (NFF) took place on January 7, as he replaced Finidi George and succeeded interim coach Augustine Eguavoen. Since that time, he has dedicated three months to traveling across Nigeria, observing domestic league matches, and engaging with his players based in Europe. However, his initial team selection remained perplexing. Chelle opted for a highly offensive formation in Kigali, which appeared unbalanced on paper. Victor Osimhen, Samuel Chukwueze, Ademola Lookman, and Moses Simon were all included in the attacking lineup, while Alex Iwobi and Wilfred Ndidi occupied the midfield positions. "I had mixed feelings. […]
Best Online Casino Australia review: what sets it apart in the world of online
Online casinos have revolutionized the gambling landscape by providing players with extensive gaming options from the comfort of their homes. In Australia, a wealth of online casinos caters to diverse player preferences, making it crucial to understand what sets each platform apart. This review delves into the features, benefits, and user experiences that define the best online casino australia real money options in Australia, helping you navigate the exciting world of online gambling. How beginners can approach the best online casino Australia For those new to online gambling, selecting the right online casino can feel overwhelming. With numerous options available, it's essential to approach this process with a clear strategy. Australian online casinos stand out due to their compliance with regulatory standards, variety of games, and user-friendly interfaces. New players should familiarize themselves with essential features such as welcome bonuses, […]
Fast Withdrawal Casinos Canada: Unlock incredible welcome bonuses in 2026
As online gaming continues to evolve in Canada, the demand for fast withdrawal casinos has grown exponentially. Players are increasingly looking for platforms that not only provide an enjoyable gaming experience but also ensure quick access to their winnings. In 2026, numerous casinos are stepping up to the plate, offering impressive welcome bonuses and efficient payment methods to cater to this need, including options like instant casino features that enhance convenience and satisfaction. This article will delve into the exciting world of fast withdrawal casinos, outlining how to navigate them and what benefits they bring to Canadian players. How trust, access, and rewards connect in casino In the realm of online gaming, trust is paramount. Players must feel secure when depositing money and sharing personal information. Fast withdrawal casinos leverage advanced security measures to protect user data, fostering a trustworthy […]
Play your way: The best real money pokies at PayID Pokies Australia in 2026
Exploring the world of online casinos can be thrilling, especially with the surge in popularity of real money pokies in Australia for 2026. PayID has transformed the way players engage with their favorite games, allowing for swift transactions and exclusive bonuses that enhance the overall experience, including the chance to enjoy the best online pokies australia while maximizing your gaming fun effectively. What matters before choosing where to play Choosing the right online casino for real money pokies is crucial for a satisfying gaming experience. In 2026, players have numerous options available, but not all platforms offer the same level of service, security, and game variety. Factors to consider include the casino’s licensing and regulation, the range of games offered, bonus structures, payment methods, and customer service accessibility. Moreover, understanding deposit and withdrawal limits, as well as how quickly you […]
Why PayID Pokies Australia is a trusted choice for safe online gaming and quick
In the vibrant world of online gaming, particularly among pokies enthusiasts in Australia, the integration of payment methods like PayID has significantly enhanced the gaming experience, especially when it comes to instant payid pokies australia real money . This payment method, known for its swift transactions and reliable security, stands out as a preferred choice for many players. With its user-friendly nature, PayID simplifies the process of playing real money pokies and accessing exclusive bonuses, making it an appealing option for both seasoned players and newcomers. How beginners can approach PayID Pokies Australia For beginners stepping into the realm of online pokies, understanding the fundamentals of PayID pokies is crucial. This method not only ensures safe transactions but also facilitates quick access to funds, allowing players to focus on enjoyment rather than technicalities. With numerous casinos now offering PayID as […]
Explore the latest real money pokies at Online Pokies NZ: Which games are worth
Online casinos have grown immensely in popularity, especially among players in New Zealand. Real money pokies, or slot games, stand as a thrilling option that combines excitement with the chance to win significant payouts. As we delve into the world of real money pokies, it's essential to uncover which games from the best online pokies nz are worth your time and investment. Join us as we explore registration processes, game selections, player bonuses, and more. A focused look at registration and player value Understanding the registration process and the value it brings to players can significantly enhance your gaming experience. When you register with an online casino that offers real money pokies, you're not just creating an account; you're gaining access to a plethora of games, bonuses, and promotional offers tailored to maximize your winning potential. Many online casinos in […]
Online Pokies NZ guide: Discover the best welcome bonuses and gaming options
The world of online casinos in New Zealand is thriving, particularly when it comes to online pokies and real money slots. Players are often drawn in by enticing welcome bonuses and a variety of gaming options that cater to diverse preferences, including the best casino online experiences available today. This guide will help you navigate the landscape of online casinos, focusing on the best welcome bonuses available in 2026, as well as the exciting gaming options that await you. The basics that shape smart casino decisions Understanding the essential factors that influence your choices at online casinos is crucial for maximizing your gaming experience. In New Zealand, the online casino market is filled with options, so knowing what to look for can significantly impact your enjoyment and success. Key elements such as software providers, game variety, bonus structures, and payment […]
Related
Aiyedatiwa Commended as OSOPADEC Highlights Development Projects in Oil-Producing Communities
Ondo State Governor, Lucky Aiyedatiwa has received commendation following the presentation of several development projects executed by the Ondo State Oil Producing Areas Development Commission across oil-producing communities in the state. The projects, which span infrastructure, education, healthcare, youth empowerment, and economic development, were showcased as part of ongoing efforts to improve living conditions in the commission's mandate areas, particularly in Ilaje and Ese-Odo Local Government Areas. Speaking on the achievements, Governor Aiyedatiwa reiterated his administration's commitment to ensuring that oil-producing communities benefit from sustainable development and improved public services. He noted that OSOPADEC has been repositioned to deliver projects that directly impact the lives of residents. Among the projects highlighted are road construction and rehabilitation initiatives, educational support programmes, community development projects, and interventions aimed at boosting economic activities in riverine communities. The commission has also undertaken initiatives focused […]
Dangote meets Aiyedatiwa, plans biggest free trade zone in Ondo
The President of Dangote Group, Alhaji Aliko Dangote, has reaffirmed plans to develop a large-scale industrial and free trade zone at Olokola in Ilaje Local Government Area of Ondo State. He described the development as a power-driven investment hub designed to attract manufacturers and reduce infrastructure constraints for investors.Dangote stated this on Monday during a visit to Governor Lucky Aiyedatiwa at his office in Akure, the state capital. According to him, the renewed investment framework covers power generation, cement production, gas infrastructure and industrial manufacturing.He said the proposed Olokola project would go beyond a conventional free trade zone, explaining that it would be fully equipped with power, water and logistics infrastructure to enable investors to operate without delays associated with basic utilities.“We want to create the biggest free trade zone where investors can just come and plug in. We will […]
Dangote Plans Nigeria’s Largest Industrial Zone in Ondo
President of Dangote Group, Aliko Dangote, has announced plans to develop a large-scale industrial and free trade zone in Ondo State, a project expected to strengthen industrial activities and attract significant investments to the region. Dangote disclosed the initiative during a visit to Ondo State Governor Lucky Aiyedatiwa in Akure, where he presented the company’s vision for transforming the Olokola Free Trade Zone into a major industrial and business destination. According to him, the proposed development will provide essential infrastructure such as power generation facilities, water supply systems, transportation networks, and logistics support, creating a more conducive environment for investors and manufacturers. The billionaire businessman explained that the industrial zone is designed to serve as a fully integrated investment hub capable of attracting local and international businesses. He noted that inadequate infrastructure remains one of the key challenges facing industrial […]
Ondo Sets Up Committee to Review Olokola Free Trade Zone Project
The Ondo State Government has inaugurated a technical committee to review and reposition the Olokola Free Trade Zone (OKFTZ) project as part of efforts to accelerate industrial development and attract fresh investments into the state. The committee is expected to assess the current status of the project, identify challenges that have slowed its progress, and recommend strategies for its revival and long-term sustainability. The Olokola Free Trade Zone, located along the border of Ondo and Ogun states, was conceived as a major industrial and economic hub designed to attract local and foreign investors. The project has remained a key component of plans to boost manufacturing, maritime activities, logistics, and job creation in the region. According to the state government, the review will focus on strengthening the institutional framework of the zone, improving investor confidence, and ensuring that the […]
Lebara enters Nigeria’s telecom market
Lebara Nigeria on Wednesday formally signalled its entry into Africa’s largest telecoms market, hosting a private soft launch and networking reception in Lagos in partnership with the UK’s Department for Business and Trade and the British High Commission.The event drew senior government officials, regulators, investors, and industry leaders, underscoring the diplomatic and commercial weight behind the company’s arrival.The formal entry follows groundwork laid in June last year, when the company unveiled its dedicated 0724 number series and confirmed it had secured full interconnectivity with major mobile network operators across the country, a key requirement ahead of commercial rollout.Chief Executive Officer of Lebara Nigeria, Teniola Stuffman, told guests that the company’s entry into the market was driven by a conviction that Nigeria represents a defining moment for inclusive and globally connected digital access. Lebara Nigeria has proudly secured a Tier 5 […]
Dangote makes a return to Ogun with plans to establish the largest seaport in the region.
The President of Dangote Group, Alhaji Aliko Dangote, stated that his company decided to reinvest in Ogun as a result of Governor Dapo Abiodun’s policies that are favorable to investors. Dangote shared this information during a courtesy visit to the governor at his office in Abeokuta. He emphasized that Ogun has emerged as one of Nigeria’s premier investment hubs by establishing itself as the manufacturing foundation of the country. The President of Dangote Group commended Abiodun’s vision and initiatives, which have actively fostered private sector development and promoted entrepreneurship through significant collaboration with investors. What’s the debate over masks? “Our factory in Itori faced demolition on two occasions. In the second instance, not only was the factory destroyed, but the surrounding fence was also taken down, leading us to abandon the project. “Nevertheless, thanks to Governor Abiodun’s initiatives, we have […]
Be the first to leave a comment