Tag: HOUSING DEFICIT

Dangote Refinery Announces Nationwide Petrol Price Reduction The new price regime, which marks a N15 reduction per litre across all regions and partner retail outlets, was posted on the official social media handle of Dangote Refinery on Thursday. It applies to all major fuel marketers in partnership with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy. In the earlier pricing template, Lagos residents paid N890 per litre, while prices rose to N920 in the North East and South-South regions. Fire Outbreak as National Sport festival at Underway At Alake Complex0:00 / 0:00 Ogun Women’s Volleyball Team Seal Comeback Win Over Rivers | Punch0:00 / 0:00 With the new adjustment, Lagos residents will now pay N875, while those in the North East and South South will pay N905 per litre. A breakdown of the revised prices shows, Lagos: N875, South-West: N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905 The Dangote Refinery urged consumers to purchase fuel only from its partner outlets and encouraged Nigerians to report non-compliance via its hotline: +234 707 470 2099 or +234 707 470 2100. “Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice. Related News Petrol price jumps 76% in one year – NBS Naira-for-crude deal caused reduced petrol prices – Dangote NNPCL refineries not producing enough petrol – DAPPMAN Our correspondent gathered the new reduction follows the return of a refund benefit policy offered to its customers earlier this week. The development comes hours after The PUNCH reported that independent oil marketers resumed large-scale importation of petrol, as fresh data shows that over 496.17 million litres of petrol were brought into the country within nine days. Findings using the Tanker Position Report, a document that tracks oil tankers’ movement and was obtained from Blue Sea Maritime by our correspondent on Monday, revealed that 370,000 metric tonnes of petrol were discharged at various depots. These products berthed at seaports between May 11 and 20, 2025. On Monday, the 650,000 Lekki-based facility said the naira-for-crude deal allowed it to reduce the price of petrol, which translates to reduced costs at the pumps. This is even as the company affirmed that the prices of petrol will remain affordable and stable. They said that despite the fluctuations in global crude oil prices, it has consistently reduced the price of petrol. The company, in a release signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.
Housing

Dangote Refinery Reduces Petrol Price by N65 Ahead of Ramadan

The Dangote Petroleum Refinery has announced a reduction of N65 in the…

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The Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi has called for a tax on unoccupied properties to help bridge Nigeria’s housing gap.
Housing

FMBN Boss Proposes Tax on Unoccupied Houses to Bridge Nigeria’s Housing Deficit

The Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN),…

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Nigeria’s rental housing market and the urgent need for reform
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Nigeria’s rental housing market and the urgent need for reform

BY MARO AKPOBI Nigeria’s rental housing market serves as both a reflection…

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The Lagos State Government has launched the public display and inspection of the draft Ibeju-Lekki Model City Plan
EconomicNews

Lagos Unveils 20-Year Master Plan to Transform Ibeju-Lekki

The Lagos State Government has launched the public display and inspection of…

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News

FG Bans 60,000-Litre Fuel Tankers from Loading Petroleum Products from March 1

The federal government has banned fuel tankers with a 60,000-litre capacity from…

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The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, welcomed a high-level delegation from Centenary City Plc.
HousingHousing News

PPP: A Key Solution to Address Housing Deficit – Minister

The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, welcomed a…

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FG Sets Bold ₦2 Trillion Real Estate Target for 2025, Paving Way for Economic Growth
Housing

FG Sets Bold ₦2 Trillion Real Estate Target for 2025, Paving Way for Economic Growth

Nigeria’s real estate sector is gearing up for a transformative leap, with…

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Katsina’s Bold Move: N5 Billion Set Aside for Affordable Housing to Reshape the State
Housing

Katsina Govt Allocates N5bn for Affordable Housing Construction

In a decisive move to tackle the housing deficit and provide affordable…

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The Nigerian Society of Engineers (NSE), Benue chapter, has revealed that there are currently no unoccupied housing estates in the state
Housing

Rent Prices Surge in Benue as Housing Demand Outpaces Supply

The Nigerian Society of Engineers (NSE), Benue Chapter, has stated that there…

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Senate Targets Fruit Sellers Using Harmful Chemicals for Artificial Ripening
Housing

N1 Trillion Target: Senate and MOFI Collaborate to Bridge Housing Gap

The Senate Committee on Housing and Urban Development has pledged to work…

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