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Home BUSINESS Tinubu returns to Nigeria amid NNPCL, Dangote refinery's feud

Tinubu returns to Nigeria amid NNPCL, Dangote refinery’s feud

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Tinubu was welcomed by his cabinet members, including the Minister of Federal Capital Territory, Nyesom Wike

By Kehinde Okeowo

President Bola Ahmed Tinubu on Sunday returned to Nigeria after over two weeks official visit to China and the United Kingdom.

This was revealed by his spokesperson, Dada Olusegun, in a video he shared online.  

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In the now-viral clip, the President was seen alighting from Nigerian Air Force at the presidential wing of Nnamdi Azikiwe Airport, Abuja.

TheNiche had earlier reported that Tinubu departed Nigeria for China on August 29, 2024, before proceeding to the UK.

Taking to the social media to announce the arrival of the president, Olusegun wrote, “President Bola Ahmed Tinubu has returned to Nigeria after his working visit to China and the United Kingdom”.

The President was welcomed by his cabinet members, including the Minister of Federal Capital Territory, Nyesom Wike.

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Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery recently engaged in a war of words over the pricing template of Premium Motor Spirit (PMS) otherwise known as Petrol.

After NNPCL commenced lifting Dangote Refinery’s petrol on Sunday, it announced that 16.8 million liters of the product had been loaded at N898 per liter price.

Reacting to the claim, Dangote Group, in a statement by its spokesperson, Anthony Chiejina, described NNPLC’s N898 per liter price statement as misleading and mischievous.

He urged Nigerians to “Await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars”.

However, in a swift response to Dangote refinery’s statement on pricing, NNPCL spokesperson, Olufemi Soneye insisted that the company sold petrol to it at N989 per litre.

He said, “We stand by our earlier statement that Dangote Refinery petrol is sold to us at N898 per liter.

“We have documents to back this point.’

Given the possible implications of the ongoing feud between the two organizations, the arrival of the President Tinubu might be a timely one.

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