Africa’s richest man Aliko Dangote has addressed the press and confirmed that the price of his petrol has dropped market rate by N259

The refinery hopes to have more impact in the future as it finally begins its direct petrol distribution

Dangote Refinery is celebrating is one year anniversary and it has been confirmed that the capacity will be increased. 

Speaking to journalists on Monday, September 15 to mark the refinery’s first anniversary he also said that Nigeria’s decades-long fuel supply crisis has been stopped.

Dangote who was also reacting to intense criticism from National Union of Petroleum and Natural Gas Workers (NUPENG) and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) revealed the impacts of his refinery

According to him, the pump price, which stood at about N1,100 per litre last year, has dropped to N841 in the South West, Abuja, Delta, Rivers, Edo and Kwara states.

He said: “Despite opposition and economic headwinds, the refinery has successfully reduced the price of petrol from nearly N1,100 before production began to N841. With the rollout of CNG-powered trucks, this price reduction will soon be felt nationwide.”

African richest man also said that its 650,000 barrels-per-day refinery, Africa’s largest has deployed 1,000 Compressed Natural Gas (CNG)-powered trucks as part of its direct fuel distribution programme.

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The initiative, according to Dangote, will create 24,000 jobs in the first phase, the Nation reports.

He added that the refining capacity would rise to 700,000 bpd next year, adding that the plant has the ability to meet Nigeria’s domestic demand while generating foreign exchange through exports. Between June and early September, the refinery exported more than 1.1 billion litres of petrol, he said

Dangote, who backed the federal government’s target of growing Nigeria into a $1 trillion economy by 2031, urged more Nigerians to invest locally.

He acknowledged resistance from some vested interests in the downstream sector, but maintained the project was designed to support growth across Nigeria and Africa.

He said. “We have been battling fuel queues since 1975, but today Nigerians are witnessing a new era. “What we have done is to make our country and continent proud.”

…As Oborevwori Donates Buses To Institute

The Petroleum Training Institute (PTI), Effurun, Delta State, has expressed readiness to collaborate with the State Government on international oil and gas training programmes designed to equip youths with employable skills and drive economic growth in the state.

Speaking during a courtesy call on Governor Sheriff Oborevwori at Government House, Asaba, on Tuesday, the Principal and Chief Executive Officer of PTI, Dr. Samuel Onoji, said the Institute was committed to offering discounted and subsidised international trainings in oil and gas to enhance the employability of Delta youths.

Onoji commended Governor Oborevwori’s infrastructural drive, describing developments under his administration as unprecedented in the history of the state.

He also appreciated the Governor for reconnecting electricity to the Institute and invited the Governor to the Institute’s International Hydrocarbons and Scientific Conference scheduled for October at the PTDF Hall, Abuja.

In his remarks, Governor Oborevwori commended PTI and the Minister of Petroleum, Senator Heineken Lokpobri, for releasing 25 hectares of land to the state government, stressing that the gesture reflected their commitment to Delta’s growth and development.

“PTI is very dear to us in Delta because it opened the door for other federal government establishments to come into our state.

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“We don’t take anything concerning PTI lightly. Your visit today is a demonstration of your commitment, and I assure you that this government will continue to support the Institute in all its endeavours,” the Governor said.

As part of his support, Governor Oborevwori approved the donation of a Coaster Bus and an 18-seater Hiace Bus to meet the mobility needs of staff and students of PTI.

Established in 1972, PTI is regarded as the foremost petroleum training institute in Africa, mandated to train and retrain skilled manpower for the oil and gas industry.

The Dangote Petroleum Refinery has announced a fresh reduction in petrol pump prices, offering Nigerians a much-needed relief at a time of rising living costs.

Starting from Monday, September 15, petrol will now be sold below N865 per litre at select partner filling stations across the country.

This announcement comes alongside the refinery’s new distribution model, which involves the use of Compressed Natural Gas (CNG) trucks to deliver fuel directly to stations. The approach is expected to cut down logistics costs and improve fuel availability nationwide.

New Petrol Prices by States
According to Dangote Refinery, the price adjustments will immediately take effect in several states, with plans to expand nationwide.

Lagos, Ogun, Oyo, Ondo, Osun, and Ekiti: N841 per litre (previously between N865 and N880)

Abuja, Delta, Rivers, Edo, and Kwara: N851 per litre (previously between N890 and N910)

Dangote emphasized that this is just the beginning, promising that more states will benefit from similar reductions in the coming weeks.

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Partner Filling Stations Selling at New Prices
The refinery has partnered with both long-standing and newly added marketers to make cheaper petrol available to Nigerians.

Existing Partners

MRS
Heyden
Ardova (AP)
Hyde Energy
Optima
Techno Oil
TotalEnergies
New Partners

Garima Petroleum
Sunbeth Energies
Sobaz Nigeria Ltd.
Virgin Forest Energy
Sixxco Oil Ltd.
N.U. Synergy Ltd.
Soroman Nigeria Ltd.
Jezco Oil Nigeria Ltd.
Jengre
Cocean
Kifayat
Triumph
Golden Sifem Global
Riquest
Mamu Oil

Why the price drop matters

The price cut, which averages N24 lower per litre, is directly linked to Dangote’s new direct distribution strategy. By rolling out thousands of CNG-powered trucks and establishing CNG “daughter booster” stations across the country, the refinery aims to reduce dependence on middlemen, thereby slashing transportation costs that usually drive fuel prices higher.

At the moment, Dangote has taken delivery of 1,000 out of the 4,000 trucks it ordered. This investment in logistics is expected to ensure steady nationwide distribution in the months ahead.

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Benefits for petrol dealers and marketers

Beyond reducing retail prices, Dangote Refinery has also extended an invitation to filling station owners across Nigeria to join its distribution network. The company is offering:

Free delivery logistics through its CNG-powered truck fleet
Access to credit facilities: Dealers who purchase 500,000 litres can obtain an additional 500,000 litres on credit for two weeks, under bank guarantee
This system is designed to support petrol dealers, manufacturers, transport operators, and other large-scale users while ensuring Nigerians pay less at the pump.

NNPC price comparison
Interestingly, the Nigerian National Petroleum Company (NNPC) Limited has also recently adjusted its pump price to N865 per litre, which remains slightly higher than Dangote’s new rates in most states.

The competition between the state-owned NNPC and the privately owned Dangote refinery may continue to shape petrol pricing in Nigeria in the coming months.

Top private secondary schools now charge fees as high as private universities.

But behind each modern campus, fancy facilities, and international programs is a story of hard work, vision, and money.

From pioneering educators to embassy-backed schools, find out who is turning expensive schooling into big business in Nigeria’s largest city.

1. Greensprings School
   Visionary Founder: Mrs. Lai Koiki

Starting as a small nursery in 1985, Koiki transformed Greensprings into a tri-campus British-style institution serving over 2,000 students. Today, day pupils pay about ₦3.8 million per term, while boarding spots go for around ₦7.1 million testimony to her decades-long commitment to high-quality, holistic education.

2. Grange School
   Nonprofit Legacy: Grange Education Limited

Launched in 1958 by British expatriates to educate children of West African Airways staff, Grange is run by a parent-and-stakeholder board. With term fees near ₦4.5 million for day students and ₦6.5 million for boarders, its nonprofit status means every naira is reinvested into campus expansion and teacher development.

3. Lekki British International School
   Family-Led Enterprise: The Idehen Siblings

Founded by the late Dr. Abiodun Laja in 2000, LBIS now thrives under the stewardship of her children, Francis and Christian Idehen. They uphold a rigorous UK National Curriculum for roughly 350 pupils, charging about ₦4.6 million per year for day schooling and ₦6.8 million to board.

4. British International School, Lagos
   Global Backing: British Schools Foundation

Part of an international network, BIS Lagos blends Cambridge and British curricula on its Lekki Peninsula campus. With termly fees climbing above ₦5 million for day scholars and ₦7.5 million for boarders, it attracts a truly cosmopolitan student body and overseas-trained faculty.

5. Meadow Hall School
   Educational Innovators: The Hansotia Family

Since its 2002 inception, Meadow Hall has championed inquiry-based learning across two campuses. Their upscale campus in Lekki features science labs, art studios, and green play spaces. Day students pay around ₦4 million per term; boarders hover near ₦7 million.

6. Atlantic Hall
   Alumni-Driven Council: Former Students & Parents

Atlantic Hall established in 1989 operates under a vibrant alumni and parent board committed to continuous improvement. Known for its A-Level program and expansive sports facilities, it charges close to ₦3.9 million per term for day pupils and ₦6.3 million for boarders.

7. Corona Day Secondary School, Lekki
   Heritage Brand: Corona Schools

With roots stretching back to the 1950s, Corona remains a household name. The Lekki branch offers the Nigerian curriculum alongside international enrichment programs. Fees are roughly ₦3.7 million per term for day students; boarding isn’t offered here, keeping costs slightly lower.

8. Lycée Français Louis Pasteur
   Diplomatic Mission: French Embassy

Operated by France’s Ministry of Foreign Affairs, this school delivers the French national curriculum from primary through lycée. Its bilingual immersion and international accreditation command term fees of about ₦5 million reflecting its elite pedigree and embassy support.

9. Charterhouse Lagos
   Tech-Minded Founders: The Petkauskas Family

Charterhouse, birthed in 2000, has built a reputation for coding and robotics labs alongside classical academics. Day scholars invest roughly ₦4.2 million per term; boarding which includes weekend hackathons runs nearly ₦6.7 million.

10. American International School of Lagos
    Consortium Ownership: American and Local Partners

AISL, part of a global network, follows an American curriculum with Advanced Placement options. Situated in Victoria Island, it caters to expatriate and Nigerian families, charging around ₦5.2 million per term for day schooling and ₦7.8 million for its residential program.

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