Business
MRS Hikes Petrol Price Nationwide After Dangote Gantry Increase
MRS petrol price hike pushes pump price to N1,267 per litre in Abuja after Dangote Refinery increases gantry price
MRS filling stations, backed by Dangote Refinery, have increased their petrol pump price nationwide following a recent adjustment in the refinery’s gantry price.
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In Abuja, the fuel retail outlet raised its petrol price to N1,267 per litre, up from N1,167, representing a N100 increase.
The hike mirrors the gantry price rise by Dangote Refinery, which adjusted petrol to N1,175 per litre last Friday.
A manager at MRS, who preferred anonymity, confirmed the pump price increase, attributing it directly to the refinery’s new gantry rates.
Similarly, Optima Filling Station raised its pump price by N50, from N1,220 to N1,270 per litre, after the Dangote gantry price adjustment.
By comparison, Nigerian National Petroleum Company Limited (NNPC) outlets sell petrol at N1,261 per litre, making it slightly cheaper than MRS and Optima.
Other stations including AA Rano, NIPCO, Eterna, Mobil, Empire Energy, and Raniol dispense fuel between N1,270 and N1,330 per litre in Abuja and surrounding areas.
The price adjustments come amid continued crude oil price volatility, driven by escalations in the Iran-United States-Israel conflict since 28 February 2026.
As of Tuesday, Brent crude stood at $97.39 per barrel, while West Texas Intermediate (WTI) was priced at $103.7 per barrel.
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The development underscores ongoing fluctuations in the Nigerian fuel market as global geopolitical tensions affect crude oil supply and prices.
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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