Tag: HousingNews

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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The cost of renting homes in Lagos continues to rise, leaving many residents struggling and calling for government intervention.
Housing

Rising Rent Crisis in Lagos: Tenants Demand Government Intervention as Housing Costs Surge

The cost of renting homes in Lagos continues to rise, leaving many…

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Housing

FRC Endorses Tax Reform Bill, Calls for Measures to Boost Economic Growth

The Fiscal Responsibility Commission (FRC) has expressed strong support for the proposed…

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Justice Rahman Oshodi of the Lagos State Special Offences Court, Ikeja, has dismissed the defence’s recusal application.
Housing

Justice Oshodi Rejects Recusal Bid in Emefiele’s Ongoing Trial

Justice Rahman Oshodi of the Lagos State Special Offences Court, Ikeja, has…

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Housing

Minister of Women Affairs Applauds FMBN Partnership for Women’s Housing Empowerment

The Honourable Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim, has praised FMBN’s…

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U.S. President Donald Trump has announced a new “gold card” program, allowing wealthy foreigners to live, work, and pursue U.S. citizenship
Housing

Donald Trump Introduces $5 Million ‘Gold Card’ for Wealthy Foreigners Seeking U.S. Citizenship

 U.S. President Donald Trump has announced a new “gold card” program, allowing…

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Four traders from Ogbo Ogwu Bridge Head Market, Onitsha, have sued NAFDAC, SON, and two officials, alleging human rights violations.
Housing

Onitsha Traders Sue NAFDAC, SON Over Alleged Rights Violation

Four traders from Ogbo Ogwu Bridge Head Market, Onitsha, have sued NAFDAC,…

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The organizers of the 19th Africa International Housing Show (AIHS) 2025 have today announced that Mshel Homes Limited has come on board as a Platinum Partner for this highly anticipated event.
Housing

Mshel Homes Ignites Excellence, Joins Platinum League of Africa International Housing Show

The organizers of the 19th Africa International Housing Show (AIHS) 2025 have…

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Nigeria’s gross domestic product (GDP) rose by 3.84% in Q4 2024, surpassing the 3.46% recorded in Q3.
Housing

Nigeria’s GDP Grows by 3.84% in Q4 2024

Nigeria’s gross domestic product (GDP) rose by 3.84% in Q4 2024, surpassing…

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