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Petrol landing cost drops to N981/litre

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The landing cost of Premium Motor Spirit, popularly called petrol, has dropped to N981/litre, according to data released by the Major Energies Marketers Association of Nigeria on Thursday.

The petrol landing cost, around N1,130 in previous weeks, came down by over N140 as of September 25, 2024, occasioned the recent drop in global crude oil prices.

Crude oil price and the foreign exchange rates are the major factors that determine the cost of refined petroleum products including petrol, diesel, aviation fuel, kerosene, among others.

Brent, the global benchmark for crude, traded above an average of 80/barrel in August 2024, but has kept fluctuating between $70/barrel and $75/barrel since this month.

It was $71.41/barrel on Thursday, down from the $73.46/barrel which it traded the preceding day, industry data sourced from the petroleum ministry showed.

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Figures obtained from Statistica, a global statistical firm, showed that in August 2024, the average price of a barrel of Brent was $80.36.

“This was a decrease from the previous month, following the lower oil demand in China and announcements that the Organisation of Petroleum Exporting Countries were expecting to increase production,” the firm stated.

Amid the drop in petrol landing cost and the hike in the pump prices of the commodity across the country, major oil marketers have commenced the importation of the product.

The Nigerian National Petroleum Company Limited used to be the sole importer of petrol into the country before the recent hike in the pump prices of the product and the commencement of its production and release by the Dangote Petroleum Refinery.

On September 18, 2024, The PUNCH reported that three major oil marketers were expecting vessels of imported petrol last week barring any unforeseen circumstances.

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The dealers had stated about 141 million litres of PMS were being conveyed to Nigeria by the vessels following the full deregulation of the downstream oil sector by the Federal Government. They confirmed on Thursday that some of the vessels had arrived in Nigeria.

This is coming as the Dangote oil refinery ramps up local petrol production after over two decades of fuel importation.

According to MEMAN, the landing cost of the product started its downward slope in mid-July, as it also fell below N950 in early September.

It was observed that the fall was despite the rise of the dollar against the naira. The landing cost was calculated using N1,667.22 to a dollar.

However, the average ex-depot price of petrol, according to MEMAN, was between N865 and N1,200 in Lagos; between N980 and N1,400 in Calabar, and it ranged from N1,200 to N1,400 in Port Harcourt as of Wednesday.

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The major marketers disclosed that the landing cost of diesel is now N1,089/litre while that of aviation fuel stands at N1,117.34.

It was learned that the average ex-depot price of diesel was about N1,165 in Lagos and N1,200 to N1,200 in Calabar and Port Harcourt.

It was observed that the difference between imported petrol and that of Dangote might be N83 if calculated by N898 which the Nigerian National Petroleum Company claimed it bought the Dangote fuel.

Though officials of the $20bn refinery denied selling its fuel at N898 to the NNPC, it has yet to give a different figure over a week ago.

It could be recalled that the NNPC hiked the price of petrol the same day the Dangote refinery unveiled its locally-produced fuel.

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From around N600, the price of PMS jumped to N855 and N900/litre. With the commencement of the PMS sale, the NNPC also announced new prices.

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Education

UNN Dismisses Terror Attack Rumours, Tightens Security on Nsukka Campus

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NSUKKA, ENUGU STATE — The management of the University of Nigeria, Nsukka (UNN), has assured staff, students and parents of adequate security on campus, dismissing as false and unsubstantiated reports circulating on social media about an alleged impending terrorist attack and mass abduction of students.
In a statement issued on Saturday by the Acting Public Relations Officer of the university, Mr. Inya Agha Egwu, the institution said there was no credible security intelligence or verified threat supporting the claims contained in the viral social media post.
The university, however, disclosed that it had adopted additional precautionary measures to further strengthen security across the Nsukka campus.
According to the statement, personnel of the Nigerian Police Force and the Nigerian Army have been deployed to strategic entry points within the university to complement the efforts of the institution’s security unit.
Management also announced the temporary closure of some access gates to the campus to enhance monitoring and regulation of movement into and out of the university.
As part of the new security measures, motorcycle operations within the campus have been suspended with immediate effect. Only motorcycles belonging to authorised security personnel will be allowed beyond the university gates.
Staff members who use motorcycles for transportation have been advised to park them at designated locations outside the campus before proceeding to their offices.
The university urged members of the academic community to remain calm and continue their normal activities without fear, stressing that there was no known security threat to the institution.
It also cautioned against the spread of unverified information capable of causing unnecessary panic and anxiety among students, staff and the general public.
While reiterating its commitment to maintaining a safe environment for teaching, learning and research, the management encouraged students and staff to remain vigilant and promptly report any suspicious movement or activity to the University Security Department or relevant security agencies.
“Security is a collective responsibility, and the cooperation of all staff, students and stakeholders is essential in maintaining the peaceful and secure environment for which the University of Nigeria is known,” the statement said.
The university further advised the public to treat anonymous social media posts and unverified online messages with caution, particularly those containing sensational claims intended to generate fear and uncertainty.

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Enugu East Chairman Celebrates Children’s Day with St. Ann’s College, Reaffirms Commitment to Education

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ENUGU – The Executive Chairman of Enugu East Local Government Area, Engr. Pastor Beloved-Dan Obi-Anike, joined students, teachers, and management of St. Ann’s College DDL Enugu to celebrate Children’s Day 2026, reaffirming his administration’s commitment to educational development and youth empowerment.
The event, held at the college premises, featured a colourful reception, cultural dance performances, cake cutting, and interactive sessions between the chairman and students.
One of the major highlights of the celebration was the recognition of six students of St. Ann’s College who are beneficiaries of the local government’s scholarship scheme initiated by the chairman.
Speaking during the event, the Principal of the College, Sr. Kamfechukwu Moedu, expressed appreciation to the chairman for extending educational support to deserving students through the scholarship programme.
She noted that the initiative has continued to provide hope and opportunities for indigent students and their families, enabling them to access quality education despite financial challenges.
The chairman also engaged the students in a question-and-answer session, rewarding outstanding participants with cash gifts and encouraging them to remain focused on their studies and personal development.
Addressing the gathering, Engr. Obi-Anike reiterated his administration’s determination to invest in education as a foundation for sustainable development in Enugu East Local Government Area.
According to him, the council currently dedicates 10 per cent of its revenue to educational development and scholarship programmes aimed at supporting students and improving learning opportunities across the local government.
He emphasized that investing in children remains one of the most effective ways of building a prosperous future, adding that his administration will continue to implement policies and programmes that promote academic excellence and youth development.
The Children’s Day celebration ended with goodwill messages, photographs, and renewed calls for greater support for education and child welfare in Enugu East.
The event underscored the local government’s commitment to nurturing the next generation through sustained investment in education, scholarships, and youth-focused initiatives.

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Education

Enugu: CIC Student Drowns While Trying To Retrieve Bucket From Water Reservoir 

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By Our Reporter
Tragedy has struck the family of Comrade Ambrose Nnamani of Isi-Ama Ejona in Mbu Amon, Isi-Uzo Local Government Area of Enugu State, following the death of their 14-year-old son, Kosisochukwu Nnamani.
The deceased, who was a student of the College of Immaculate Conception (CIC) Enugu, was reportedly drowned while attempting to recover a bucket that fell into a water reservoir.
Sources disclosed that the unfortunate incident occurred on May 4, 2026, throwing the family and members of the community into mourning.
A burial poster released by the family described the death of the teenager as a “painful exit,” stating that his sudden demise has left relations, friends and schoolmates devastated.
According to the burial arrangements, a Christian wake is scheduled to hold at the College of Immaculate Conception (CIC) Enugu on Tuesday, May 12, 2026, while funeral Mass and interment will take place on Thursday, May 14, 2026, at his father’s compound in Ugwu-Faith, Isi-Ama Ejona, Isi-Uzo LGA of Enugu State.
The family prayed for the peaceful repose of the young boy, describing him as a “little angel gone too soon.”

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Education

Soludo Laments Absence Of Public Policy In Academic Research

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By Okey Maduforo Awka .

Governor Charles Soludo of Anambra state has lamented lack of research in public policy making contending that academic research with positive impact on governance is sterial.

He further challenged the academic community to step up it’s intellectual works towards solving contending issues that shape the wellbeing of the immediate society.

The Governor who delivered a lecture at the 6th Biennial Adada Lecture Series 2026 convened by Association of Nsukka Professors noted that gone are those days when intellectual works end up at the University book shelf without transforming the socioeconomic needs of any given society.

Soludo observed that the “fusion of thought and action” remains the only bridge to a national rebirth.

Soludo questioned why academic discussions have seemingly lost their authority in national life. Despite producing thousands of professors and journals, he noted a “severed link” between academic research and public policy.

“If you have 200 Professors as members, how is the Adada zone not a first world?” he asked, challenging the audience to move beyond the walls of the university. “We produce journal articles, but how many have become policies? Intellectualism without activism is sterile.”

The Governor further advocated for “Productive Intellectualism,” where critical thinking guides public purpose. Drawing from his first tenure as Governor over the last four years, Governor Soludo highlighted how he has attempted to bring intellectualism to governance through “sacrificial volunteerism” and how he succeeded in laying the foundation for the African Dubai-Taiwan-Silicon Valley.

He emphasized that nations do not develop by resources alone, but by ideas that precede institutions; citing historical giants like Isaac Newton, Nnamdi Azikiwe, Obafemi Awolowo, Kwame Nkrumah, Ahmadu Bello, and a host of others, as examples of a shared pattern of logical thinking that yield ideas and then built.

“This is a challenge to the intellectuals and the wider academic community: to multi-task, as the modern intellectual must be both a thinker and a doer, Question the Status Quo which remains a fundamental element of true intellectualism”

“Standing akimbo is too expensive,” Soludo warned. “We don’t just live; we live to matter. It is time to get back to basics and drive the African renaissance through active participation.”

Speaking earlier, Professor Osita Ogbu, presiding as Chairman, observed that the true benchmark of academic excellence is not found in the complacency of achievement, but in an unyielding hunger for discovery and the courage to apply that knowledge to real-world challenges. He asserted that intellectuals are never satisfied, they keep working.

Also speaking, the Vice Chancellor of the University of Nigeria, Nsukka, Professor Simon Ortuanya, framed the gathering as a significant homecoming for Governor Soludo. He offered a glowing tribute to the Governor, commending his transformative contributions to the Nigerian state and his broader dedication to the service of humanity.

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Education

Enugu East LGA Signs MoU with Medical University, Targets 100 Scholarships

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Enugu East Local Government Area has formalised a strategic partnership with David Umahi Federal University of Medical Sciences following the signing of a Memorandum of Understanding (MoU) aimed at strengthening human capital development in the council area.
The agreement, signed during a high-level meeting between officials of the council and the university’s management, is expected to open new opportunities in medical education, training, and healthcare capacity building.
Speaking at the signing ceremony, the Executive Chairman of Enugu East LGA, Engr. Pst. Beloved-Dan Obi Anike, described the partnership as a major step toward building a healthier and more prosperous society through deliberate investment in education.
He noted that the initiative aligns with the broader development agenda of the Enugu State Government under Governor Peter Ndubuisi Mbah, particularly in the area of human capital development.
As part of the agreement, the council unveiled plans to sponsor 100 students from Enugu East to study medical-related courses at the university, a move aimed at addressing manpower gaps in the health sector while empowering local youths.
“This partnership is not just about education; it is about securing the future of our people. By investing in medical training, we are building a foundation for sustainable healthcare delivery in Enugu East,” Anike said.
In his remarks, the Vice Chancellor of the university, Jesse Uneke, commended the council for its forward-thinking approach, describing the MoU as a mutually beneficial arrangement that would enhance both academic excellence and community impact.
He assured that the institution would provide the necessary support to ensure the success of the scholarship programme and other areas of collaboration captured in the agreement.
The MoU is also expected to cover research collaboration, capacity building, and possible medical outreach programmes within Enugu East communities.
Stakeholders say the partnership marks a significant milestone in the council’s drive to improve access to quality education and healthcare, while positioning Enugu East as a model for grassroots-driven development.
Implementation of the agreement is expected to commence in the coming weeks, with both parties set to outline detailed modalities for its execution.

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