NAIJAFEED

Thursday, July 9, 2026

Dangote lowers petrol price in Nigeria even as Trump resumes fighting in Iran

The Dangote Petroleum Refinery lowered its wholesale petrol price on Wednesday, July 8, 2026, despite the resumption of the conflict in the Middle East, which, for the last few months, has brought on a surge in energy prices across Africa.

This price reduction has instigated minor price competition among local fuel suppliers in Nigeria, offering consumers some relief even as domestic diesel costs escalate and global oil markets experience sudden fluctuations.

The massive refinery trimmed its ex-depot petrol price by ₦1, bringing it down to ₦1,075 per litre from the old price of ₦1,076 per litre.

Local market response and diesel hikes

Dangote’s price change has forced other major oil marketers in Lagos to lower their prices slightly to stay competitive.

MRS Oil Nigeria led the way by cutting its depot price by ₦2 to ₦1,074 per litre from the old price of ₦1,076 per litre, making it one of the cheapest options in the city.

While a few suppliers in Lagos and Warri dropped their rates by ₦1 or ₦2, other major companies like NIPCO, Sahara Energy, and Aiteo kept their prices steady.

Right now, most petrol prices at Lagos depots are stable, staying between ₦1,074 and ₦1,075 per litre.

This adjustment in fuel pricing occurs despite the resurgence of hostilities in the Middle East, a conflict anticipated to influence global energy markets.

Trump ends Iran ceasefire, spiking global oil prices

Per recent reports, International oil prices jumped by over 7% in a single day after U.S. President Donald Trump announced on Wednesday, July 8, 2026, that America's temporary ceasefire with Iran is officially "over."

According to global trading platforms like Oilprice.com, this caused immediate worries that global oil supplies might run low, pushing the price of international unrefined petroleum on the global commodities exchange up sharply from its previous $72 to nearly $80 a barrel.

Experts warn that if these global tensions keep driving unrefined petroleum prices upward, the cost of raw oil input will become much higher.

This could eventually force fuel prices back up across Nigeria, potentially ending the local price cuts.

Business Insider Africa

Wednesday, July 8, 2026

Nigeria turns to Chinese solar solutions as Kano battles chronic power shortages

Kano, northern Nigeria's commercial hub, requires about 600 megawatts of electricity each day but receives only around 180 megawatts from the national grid. Some Chinese companies have stepped in to fill this void by supplying solar products to the ancient city. Many residents and business operators say it's a welcome addition to the energy mix.

CGTN Africa

Nigeria's UTM secures gas supply deal, clears key hurdle to $3 billion LNG project

Nigeria's UTM Offshore said on Tuesday it had secured a 15-year gas supply agreement, removing a major obstacle to a final investment decision on its $3 ‌billion floating liquefied natural gas (FLNG) project, now expected in the fourth quarter after delays.

Under the agreement, a joint venture between Nigeria's state-owned NNPC Ltd and independent Seplat Energy Producing Nigeria Unlimited will supply 200 million standard cubic feet (5.7 million cubic metres) of gas ⁠per day to the UTM FLNG project, designed to produce 1.8 million tonnes of LNG per year from gas sourced from the Yoho field.

"The execution of this agreement establishes the long-term feed gas framework needed to advance project financing, construction and operations," UTM Offshore Chief Executive Julius Rone said at the signing ceremony in Abuja.

Rone said the agreement would provide certainty for investors, lenders and LNG buyers and ‌position ⁠the project for a final investment decision in the fourth quarter of 2026.

The project, in which NNPC holds a 20% stake, UTM Offshore 72% and Delta state government 8%, received Nigeria's first licence for a floating LNG ⁠export facility in 2024 as the government seeks to monetise large volumes of stranded gas reserves and expand LNG exports.

Nigeria holds some of Africa's largest ⁠gas reserves but has struggled for decades to convert much of the resource into commercial exports and domestic industrial use because of ⁠funding constraints, infrastructure gaps and regulatory uncertainty.

Front-end engineering and design of the project was completed in 2023 by JGC and Technip Energies, according to UTM.

By Isaac Anyaogu, Reuters

Tuesday, July 7, 2026

South African Police Say Death of Nigerian Man Not Linked to Anti-Migrant Violence

South African police ⁠said ⁠on Tuesday the ⁠death of a Nigerian man in custody late last month had nothing to do with a surge in anti-migrant ‌violence and that he ‌collapsed after being arrested for drug possession.

Nigeria's foreign ministry ⁠alleged ⁠on Sunday the man had died during an interrogation by South African police two days before nationwide rallies against undocumented migrants, threatening unspecified action if there were more attacks on its citizens.

"The South African Police Service strongly rejects attempts to ⁠link this ⁠incident to anti-illegal immigrant ⁠protests," a police spokesperson said in a statement.

The spokesperson said a police drugs team had ⁠arrested the Nigerian at his apartment in an intelligence-driven operation. Drugs were found at the scene, and the man collapsed while being taken into custody in a Pretoria police ⁠station, the spokesperson added.

Paramedics were called and declared him dead, ⁠and a police watchdog was notified and will investigate the incident, the spokesperson said.

South Africa's foreign ministry has said Nigeria's government should send in any evidence it has about the man's death but has not commented on the specific allegations made by its Nigerian counterpart.

The anti-migrant protests over the past few months have ⁠been mostly peaceful but at times turned violent, with attacks on foreign nationals and looting of foreign-owned shops.

Rights groups say foreigners are being used as scapegoats for deep-rooted problems like crime and unemployment.

By Alexander Winning, Reuters

Nigeria says two nationals killed in South Africa amid rise of anti-migrant attacks

Nigeria sees no sign that anti-immigrant violence is waning in South Africa

The safety of African immigrants in South Africa is deteriorating, Nigeria’s foreign minister has warned, after two Nigerians were killed in disputed circumstances during anti-immigrant protests.

“There are no signs that the situation is improving,” Bianca Odumegwu-Ojukwu said on Monday, while announcing more evacuation flights.

The minister demanded South African authorities investigate the deaths of two Nigerians, Musa Yunana Joe and Charles Iroegbu, killed amid “the ongoing xenophobic protests and attacks on migrants”.

South African police said Joe’s killing did not appear to be related to the protests, but could not immediately comment on Iroegbu’s death.

Nigeria’s foreign ministry says Joe was killed in front of his shop in the northeastern city of ⁠⁠eMalahleni by unidentified criminals on June 28 , while Iroegbu was killed by South African police during interrogation in Pretoria on the same day.

In a statement on Sunday, the ministry said: “We wish to place the Government of South Africa on ‌‌notice that if the situation continues to persist, all options remain on the table, some of which will be activated if the uncultured and provocative trend of intolerance… against foreigners is not addressed”.

South African foreign ministry spokesman Chrispin Phiri said the government had asked Nigeria’s High Commission to submit “any actionable information to our law enforcement authorities, which will enable a thorough, objective investigation in accordance with the rule of law”.

Weeks of anti-immigrant marches

There have been weeks of protests against undocumented migrants, with many South Africans blaming workers from other African countries for taking their jobs and putting a strain on their social services.

South Africa’s government has been accused of not doing enough to crack down on the violence, which has claimed the lives of several foreigners and seen shops owned by immigrants looted and torched.

Mozambique said that five of its citizens were killed in xenophobic attacks in late May. South Africa ⁠⁠said the number was only two.

Ghana and South Africa were embroiled in a diplomatic row last week, following the killing of a Ghanaian national. The South African government said the death of Bashiru Isak was not linked to anti-immigrant protests.

Hundreds of Nigerians, among tens of thousands of foreigners, have already left South Africa, once a popular destination for documented and undocumented African immigrants due to its relatively strong economy.

Uganda’s High Commission in Pretoria announced on Monday that a fourth group of Ugandan nationals were voluntarily repatriating.

South Africa has had a longstanding violent crime problem that precedes the outbreak of xenophobic violence.

By AFP and Reuters