Business
Dangote Fuel Distribution Fails to Cut Edo Petrol Prices
Despite Dangote fuel distribution, petrol remains at N900 per litre in Edo as stations report no supply and prices fail to drop in Benin City
Dangote fuel distribution appears to have had little impact in Edo State, as pump prices of petrol remain stubbornly high — weeks after the refinery launched its nationwide free fuel supply initiative.
Also read: Onueze Okocha warns Rivers Assembly against harmful probe
Despite an earlier announcement by the Dangote Refinery suggesting that petrol prices in Edo would fall to N851 per litre, checks across several stations in Benin City on Monday showed prices ranging from N885 to N900, with no evidence of the promised reduction.
While most fuel station managers declined to speak publicly, a few attendants, speaking anonymously, confirmed they had not received any free fuel from the Dangote Refinery.
The situation has drawn public criticism, particularly from commercial drivers like Nosa Igbinosun, who said:
“We were hopeful prices would drop, but nothing has changed. Some stations are claiming they’ve not received supply — we need the government to check what’s going on.”
Igbinosun called on the state Task Force to investigate and ensure that petrol stations benefitting from Dangote’s distribution scheme comply with the recommended retail price.
The development comes amid wider concerns about fuel affordability and pricing transparency, particularly at a time when global oil prices remain volatile and domestic production is being ramped up through the Dangote Refinery — Africa’s largest.
Though the refinery has positioned its free fuel distribution as a measure to ease economic pressure and support the local market, implementation gaps appear to be undermining its effectiveness at state level.
Public confidence is now being tested, as expectations for a quick reduction in fuel prices remain unmet in many parts of Edo State.
Also read: Onueze Okocha warns Rivers Assembly against harmful probe
Until supply is visibly confirmed and pricing reflects official adjustments, scepticism may continue to grow among residents who were banking on relief from spiralling transport costs.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
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UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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