Index to Nigerian Newspapers

The Federal Government and Quaint Energy signed a 30-year concession agreement for the 6MW Ikere Gorge Hydropower Project in Oyo State, a milestone in Nigeria's pursuit of sustainable and reliable power supply. Minister of Power, Chief Adebayo Adelabu, highlighted the decade-long negotiation process and emphasized the importance of these hydropower projects in enhancing energy access and stimulating local productivity. He asserted that the government aims to enable private sector growth through public-private partnerships, unlocking investments for projects that bolster energy security. Quaint Energy's chairman, Mr. Femi Adeyanju, committed to delivering the project on time, promising benefits for the local community.

The NNPCL, which is the sole off-taker “for now” of product from the new refinery, said it bought petrol per litre at N898. But the refinery contradicted the claim, saying it sold it for less, but did not give the figure. President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, repeated the position of his company in an interview with Bloomberg. He also did not give the amount but said the refinery sold the petrol to NNPCL at an “international price”. On September 15, the NNPCL received the first batch of products from the refinery. Soneye said NNPCL paid $120 million to Dangote Refinery for 25 million litres but said on the eve of supply, the refinery wrote to the oil giant that it could only be able to supply 16.8 million litres. He added that the refinery could not even meet up to that promise. The NNPCL, saying it bought per litre at N898, put the pump price at between N950 in Lagos; N992 in Abuja and N1,019 in Maiduguri, which is the farthest distance to the Lagos supply point. The price announcement sparked outrage among Nigerians, who eagerly expected a lower pump price from the Dangote Refinery.