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The Nigerian National Petroleum Company Limited, NNPCL, has reportedly stepped down from its role as the sole buyer and ‘middle man’ of sale negotiations of Dangote Refinery’s Premium Motor Spirit (petrol).
The implication is that petroleum marketers would have to purchase petrol directly from Dangote Refinery.
An official of NNPCL reportedly told reporters: “Yes, it is true. We can no longer continue to bear that burden.”
Read Also: NFF Submits Proposal Of ₦19.76bn Budget For 2025
This comes weeks after NNPCL lifted petrol from Dangote Refinery on 15th September 2024.
Recall that upon the lifting of petrol from Dangote Refinery, NNPC announced fresh fuel prices across its retail outlets nationwide.
The development saw the petrol pump increase to between N950 and N1,100 per liter in petrol filling stations in the Federal Capital Territory, Abuja.
Meanwhile, the NNPCL’s latest move to quit its role as sole off-taker of Dangote Petrol had fueled fresh anxiety about another fuel price hike.
Earlier, the House of Representatives had asked Dangote Refinery to sell petrol directly to oil marketers.
This comes as the Nigerian government at the weekend confirmed that it has begun crude oil sales to Dangote Refinery in Naira.
Earlier, marketers and refiners had hinted that the commencement of Naira-for-crude to Dangote Refinery may lead to fuel price reduction.
In other news, Nigeria Football Federation (NFF) has approved its 2025 budget proposal amounting to the tune of ₦17.6 billion.
This was contained in a communique issued at the end of the NFF’s Annual General Meeting in Asaba, Delta State.
Their resolutions reads in part: “The Congress lauded the efforts of Nigeria’s national teams, especially the Super Eagles for their 2023 Africa Cup of Nations’ silver-medal feat and the Super Falcons for their participation in the Women’s Olympic Football Tournament after 16 years.
“The Congress emphasized the need for the NFF Executive committee to prioritize grassroots football and talent discovery nationwide, in alignment with FIFA’s vision for global football growth. It committed to backing initiatives that promote infrastructural development, refereeing capacity enhancement (especially for the young talents) and coaching courses.
“The Congress approved a one-year extension to the tenure of PricewaterhouseCoopes as the NFF’s external auditors.
