News
Petrol Pump Price May Hit N1,000/litre As Isreal, Iran War Escalates
This came as marketers of petroleum products said petrol prices may soon rise to N1,000 per litre due to rising crude oil prices and the volatility in the foreign exchange market.
This development follows a “preemptive defensive strike,” overnight attacks launched by the United States on three of Iran’s major nuclear sites.
The strike, as announced by President Donald Trump, “obliterated” Tehran’s critical nuclear infrastructure, joining an Israeli assault in an escalation of conflict in the Middle East as Tehran vowed to defend itself. Iran is OPEC’s third-largest crude producer.
In a swift retaliation, the Iranian parliament has reportedly moved to shut the Strait of Hormuz, a strategic chokepoint that handles nearly a fifth of the world’s oil supply. The move sent immediate shockwaves through the global energy market, with Brent crude trading higher in the early hours and analysts projecting further gains.
Concerned by this trend, energy analysts on Sunday warned that the surge in global crude oil prices could push the pump price of Premium Motor Spirit (petrol) in Nigeria to as high as N1,000 per litre in the coming weeks, should Brent crude hit the $80 per barrel threshold.
The Chief Executive Officer of PetroleumPrice.ng, Olatide Jeremiah, said private depots are already gearing up to effect a hike in loading cost on Monday.
He stated, “Private depots are likely to increase petrol price to N1,000 in the coming days with the current trend observed in the market. If by tomorrow morning, crude price increases to $80 or exceeds that threshold, Nigerians would pay N1,000 at depots.
“The situation means they will take advantage of Nigerians, but we can only hope that Dangote maintains its current price, that is the only way depot owners won’t jack up the price anyhow. The price surge seen last week was basically because Dangote stopped selling for some days. But it has opened up its portal and is now selling at N880 for two million litres. Dangote remains a major determinant of petrol price.”
According to the Independent Petroleum Marketers Association of Nigeria, the heightened crisis between Israel and Iran has continued to push up crude prices, prompting a rise in global petrol prices.
On Friday, the Dangote refinery jerked up petrol prices from N825 to N880. In response, MRS Oil Nigeria and other filling stations selling Dangote petrol raised their pump prices to an average of N955 in the South East and North West.
One of our correspondents observed on Sunday that other filling stations have also hiked their prices to between N930 and N960, depending on the location. Lagos has the cheapest rate as MRS and other Dangote partners sold petrol at N925 per litre on Sunday.
Speaking on Sunday, the National Publicity Secretary of IPMAN, Chinedu Ukadike, linked the recent price hike to instability in the global crude market due to the Israel-Iran crisis and an unstable foreign exchange situation.
According to him, the Dangote refinery and importers reacted to the changes to raise petrol prices on Friday. “Once the exchange rate goes up, it will affect the price of petroleum products. Once crude oil is also going up, it will also affect it,” he said.
Ukadike warned that the cost of lifting 50,000 litres of petrol is now significantly higher, putting financial pressure on independent marketers and forcing them to review their pricing strategy.
He added, “Definitely, marketers will also increase to meet that gap. Since the refiner, which is Dangote, has already increased that price. Some of them that are importers have also increased prices in line with the international market. So, for us, consequently, it will increase the volume of money we use to buy 50,000 litres worth of petrol. It will put pressure on our finances and also make us redirect and review our market strategy.”
He added that petrol could sell for as high as N1,000 per litre, especially in some parts of the North, due to transportation and logistics costs. “In the North, we’ve seen N980, N990, N975. Some places, maybe to the far end, around N1,000,” he said.
According to him, the combination of international market forces and domestic cost burdens is making it difficult for marketers to maintain stable pricing. He said that petrol refined locally by Dangote could be sold at almost the same price as imported products, largely due to global crude price volatility.
Ukadike explained that the Dangote refinery is also sourcing crude oil at international market rates, which he said diminishes the expected price advantage over imports.
He explained that some areas, particularly the South-South, are seeing prices of up to N950 per litre due to depot proximity and marine delivery from coastal terminals. “Some of them in the South-South are using the coastal area to take their products. So those ones are selling from their depots because they collected products from vessels,” he said.
Ukadike reiterated that the cost of petrol remains heavily influenced by the interplay of crude prices, foreign exchange rates, and logistics.
Importers had earlier increased their prices following the rise in crude prices.
Our correspondent reports that Nigeria’s major crude grades—Bonny Light, Brass River, and Qua Iboe—rose to $79 per barrel last week and sustained the rise till yesterday, following Israel’s military strikes on Iran, heightening fears of a wider Middle East conflict.
According to data from Oilprice.com as of Sunday, Bonny Light stood at $78.62 per barrel, while Brass River and Qua Iboe closed at approximately $79. From around N65 in the past weeks, Brent stood at $77, and WTI rose to $73.84 per barrel.
The new price levels exceed the Federal Government’s 2025 budget benchmark of $75 per barrel by about $3, potentially offering short-term fiscal relief. The new price levels exceed the Federal Government’s 2025 budget benchmark of $75 per barrel by about $3, potentially offering short-term fiscal relief.
Analysts had earlier warned that higher crude prices could trigger an increase in local fuel prices, as refiners face rising costs for crude, the primary feedstock for petrol and diesel production. Since Monday, depots have hiked the pump prices of petrol after the escalating tension in the Middle East jerked up the prices of crude oil.
Petrol price rose from N825 to N840 on Monday. Rainoil’s price surged by N50, from N850 to N900 per litre. It was also reported that Fynefield and Mainland jerked their ex-depot prices to N930 and N920, adding N51 and N63 respectively.
As of Monday, Sigmund was selling at N920 per litre; Matrix Warri’s price was N910; NIPCO jumped to N895 from N827 last week, while Aiteo sold petrol at the rate of N840, as shown by Petroleumprice.com. Our correspondent observed that SGR, which was selling petrol at N850 before now, adjusted its pump price to N930 per litre.
The Nigerian National Petroleum Company Limited is also expected to change its pump prices. Similarly, the head of geopolitical analysis at Rystad and a former OPEC official, Jorge Leon, in an interview with Reuters, noted that “An oil price jump is expected. Even in the absence of immediate retaliation, markets are likely to price in a higher geopolitical risk premium.”
Global oil benchmark Brent crude could gain $3 to $5 per barrel when markets open, SEB analyst Ole Hvalbye said in a note. Brent settled at $77.01 a barrel on Friday, and US West Texas Intermediate at $73.84.
Ole Hansen, analyst at Saxo Bank, said crude could open $4 to $5 higher, with potential for some long positioning being unwound. Crude had settled down on Friday after the US imposed fresh Iran-related sanctions, including on two entities based in Hong Kong, and counter-terrorism-related sanctions, according to a notice on the US Treasury Department website.
Brent has risen 11 per cent while WTI has gained around 10 per cent since the conflict began on June 13, with Israel targeting Iran’s nuclear sites and Iranian missiles hitting buildings in Tel Aviv.
Currently stable supply conditions and the availability of spare production capacity among other OPEC members have limited oil’s gains. Risk premiums have typically faded when no supply disruptions occurred, said Giovanni Staunovo, analyst at UBS
“The direction of oil prices from here will depend on whether there are supply disruptions, which would likely result in higher prices, or if there is a de-escalation in the conflict, resulting in a fading risk premium,” he said.
Meanwhile, Iran’s parliament has reportedly voted to close the Strait of Hormuz, considered a strategic and vital asset. The decision to close the strait is not yet final, and it was not officially reported that parliament had adopted a bill to that effect.
Instead, a member of parliament’s national security commission, Esmail Kosari, was quoted on other Iranian media as saying: “For now, [parliament has] concluded we should close the Strait of Hormuz, but the final decision in this regard is the responsibility of the Supreme National Security Council.
The Strait of Hormuz lies between Oman and Iran and links the Persian Gulf north of it with the Gulf of Oman to the south and the Arabian Sea beyond. It is 21 miles (33 km) wide at its narrowest point, with the shipping lane just 2 miles (3 km) wide in either direction. About 20 per cent of the world’s oil, estimated at 17 to 18 million barrels per day, passes through it.
Police, Agunechemba Reinforce Security Operations
By Okey Maduforo, Awka
Tension has heightened in Abacha Community, Idemili North Local Government Area of Anambra State, following the conduct of an election for the position of President-General of the town.
The election reportedly took place despite a pending petition by the Akanato quarter of the community before the Ministry of Local Government and Chieftaincy Affairs.
Representatives of the Ministry, led by Mr Chukwuma Joseph Echidiegwu, were present at the election and reportedly advised the parties to establish a peace committee to address the lingering dispute.
However, the situation was brought under control following the intervention of officers of the Anambra State Police Command, led by the Divisional Police Officer (DPO), alongside operatives of the Agunechemba Security Squad.
The intervention became necessary after aggrieved members of the community stormed the election venue, insisting that the exercise should not proceed.
The disagreement reportedly centres on allegations of imbalance in the distribution of traditional and community leadership positions.
Members of the Akanato quarter argued that Umudisi Village, which currently occupies the positions of traditional ruler and Prime Minister, was also seeking to produce the next President-General of the community.
They described the arrangement as unjust and marginalising, insisting that leadership positions should be distributed equitably among the constituent villages.
Consequently, the Akanato quarter boycotted the election, maintaining that allowing one section of the community to occupy all the major leadership positions was unacceptable.
Speaking on the development, the leader of the Akanato quarter, Chief Jonahs Okafor, said the arrangement amounted to a deliberate shortchange of other sections of the community.
“So this is actually the matter and, as a matter of fact, we boycotted the election. Those who participated in the election were people from the other quarter of the community,” he said.
Okafor further disclosed that the Chairman of the Electoral Committee, Mr Obinna Obika, resigned on the eve of the election, explaining that he could not be part of any process capable of destabilising the peace of the community.
In his resignation letter, made available to journalists by Okafor, Obika cited growing disagreements and divisions among the various clans over the distribution of leadership positions.
He stated that the controversies had created an atmosphere of tension, mistrust and uncertainty, turning what should have been a collective exercise into a source of division and hostility.
“It is deeply painful to witness a situation where brothers who ought to stand together for the common good of Abacha have been divided into opposite camps, with threats of legal action also taking a considerable toll on my personal peace of mind, well-being and health,” he stated.
Obika added that his decision to step aside was in the interest of his personal well-being and, more importantly, the peace and stability of the community.
Explaining their position further, Okafor appealed to Governor Chukwuma Charles Soludo to intervene, noting that Abacha Community comprises seven villages, with four belonging to one section and three to the other.
He urged the governor to address what he described as an imbalance and marginalisation in the sharing of leadership positions.
“The Akanato people are peace-loving, respect constituted authority and are law-abiding. We cannot take the law into our hands.
“Hence, we appeal to our governor, who believes in equity, fairness and good conscience, to intervene in this matter. We have implicit confidence that he will do the needful,” he said.
Meanwhile, security operatives have reportedly reinforced their presence in the community and remain on alert to respond swiftly to any possible breakdown of law and order.
By Chinedu Sabastine
The Nigeria Union of Journalists (NUJ), Enugu State Council, South-East, will on November 5, 2026 induct renowned businessman, Engr. Arthur Eze, into its Hall of Fame during its annual Press Week celebration in Enugu.
The union will also honour the Minister of Works, Senator David Umahi, with the Pillar of the South-East Bridge Builder Award in recognition of his contributions to the region.
The event, scheduled to hold at the International Conference Centre (ICC), Enugu, is expected to attract more than 500 journalists and media executives, government officials, business leaders, traditional rulers, political stakeholders and other distinguished personalities.
The annual Press Week provides a platform for stakeholders to deliberate on issues affecting the media, governance and society.
Engr. Eze was the first person to renovate the NUJ Secretariat at No 4, Rangers Avenue Independence Layout, Enugu to ensure that media practitioners are being safe in a good environment.
He has contributed to the development of media practitioners, individual, institutions, churches and families across the Nation, his human capital development is massive.
Your nomination is a recognition of the remarkable legacy you have built over the years through your outstanding contributions to human empowerment, media practitioner empowerment, philanthropy, enterprise development, mentorship, capacity building, community advancement and the creation of opportunities for individuals and communities to prosper.
Your life and accomplishments stand as a compelling testimony to the power of vision, resilience, enterprise and service. Through your initiatives and interventions, you have demonstrated an uncommon commitment to lifting people, strengthening communities and opening pathways of opportunity for generations.
At a time when societies require individuals with the courage and capacity to transform dreams into possibilities, your remarkable journey continues to distinguish you as an outstanding builder of people, creator of opportunities and philanthropist of enduring impact.
The NUJ Enugu State Council considers this recognition particularly significant because your contributions go beyond material philanthropy. They represent a profound philosophy of investing in humanity, empowering the less privileged, nurturing enterprise, supporting communities and creating platforms through which individuals can achieve their potential.
This year’s press week celebration is expected to bring together key figures from different sectors to celebrate outstanding contributions and promote dialogue on the role of the media in society.
A Federal High Court sitting in Enugu has dismissed a suit challenging the candidacy of Hon. Barr. Sir OAU Onyema as the African Democratic Congress (ADC) candidate for Enugu West Senatorial District in the 2027 National Assembly election.
The suit, marked No. FHC/SKC/EN/CS/218/2026, was instituted by Evangelist Mrs Juliet Ani against the Independent National Electoral Commission (INEC), the ADC and Onyema, with the plaintiff laying claim to the party’s senatorial ticket.
However, the court, presided over by Justice Ogubanjo, reportedly dismissed the suit on Thursday, October 30, 2026, bringing to an end the legal challenge to Onyema’s emergence as the party’s candidate.
Sources familiar with the dispute said the plaintiff had indicated an intention to discontinue the case after the ADC national secretariat reaffirmed Onyema’s candidacy. However, proceedings reportedly continued before the court eventually dismissed the suit.
Speaking with journalists shortly after the court proceedings at his chambers, Akpagu Chambers, Presidential Road, Enugu, Onyema described the legal challenge as a temporary distraction that had slowed down his campaign activities but insisted that it would not derail his senatorial ambition.
He expressed confidence that his political experience, longstanding relationships and record of service across Enugu West would give him the needed advantage in the election.
“We are moving into the field for campaigns. Sir OAU Onyema has networked his person into families across Enugu West Senatorial District.
“The network I have built will sell. I have served as Secretary of Ohanaeze Ndigbo in Enugu State, Deputy Chairman and Vice President-General of Ohanaeze Ndigbo Worldwide. I have also served under three successive administrations in Enugu State.
“I will rely on my records of service, relationships and what I have done for the people to win this election,” he said.
Onyema further declared that, with the legal distraction now over, he would intensify his participation in the ADC’s statewide campaigns, working to promote not only his senatorial ambition but also other candidates of the party.
He said his immediate priority was to reconnect with the grassroots, consolidate existing political structures and take the ADC’s message to communities across the district.
Also speaking, the Enugu State Chairman of ADC, Major General Chris Ezeh (retd.), reaffirmed that Onyema emerged as the party’s candidate through a substituted primary election.
Ezeh alleged that external forces had attempted to frustrate the party’s decision but expressed satisfaction that the legal challenge had finally been resolved.
He described Onyema as a major political asset to the ADC in Enugu State, noting that his longstanding involvement in the party and experience in public service would strengthen its electoral fortunes.
The party chairman also identified Onyema as one of the founding members of ADC in Enugu State and said his emergence as the Enugu West senatorial candidate was a significant development for the party.
Checks by TCM further indicated that Onyema’s political ambition has consistently centred on representing Enugu West in the Senate, having reportedly never sought election to any other political office since venturing into partisan politics.
With the legal challenge dismissed, Onyema is expected to intensify his grassroots mobilisation and join other ADC leaders in building support for the party ahead of the 2027 general election.
The Police Service Commission (PSC) has approved the promotion of thousands of senior police officers, including two Deputy Inspectors-General of Police (DIGs), 10 Assistant Inspectors-General of Police (AIGs) and 17 Commissioners of Police (CPs).
The promotions followed the successful completion of promotion examinations and oral interviews conducted by the commission.
According to a statement issued on Thursday, the approvals were granted during the commission’s plenary meeting in Abuja, presided over by its Chairman, retired DIG Hashimu Salihu Argungu.
The two officers elevated to the rank of Deputy Inspector-General of Police are Olaolu Adegbite, Head of the INTERPOL National Central Bureau, Abuja, and Dankombo F. Morris, who heads Zone 4 Headquarters, Makurdi.
Adegbite holds a Bachelor of Arts degree in Russian Language from the University of Lagos and a Master’s degree in Philology from the Pushkin Institute, Moscow.
A recipient of the national honour of Member of the Order of the Federal Republic (MFR), he is also a member of the FBI National Academy Associates and an alumnus of Harvard Kennedy School. He previously served as Director of Operations at the Economic and Financial Crimes Commission (EFCC).
Morris, an indigene of Gombe State, holds a degree in History from the University of Maiduguri and a Diploma in Police Science. He previously served as Commissioner of Police in Adamawa State.
The 10 officers promoted from Commissioner of Police to Assistant Inspector-General are Omosanyin Olusegun, Ogbodo Ugobueze, Ohagwu Felix Ndukwe, Taylor Lennox Olanrewaju, Regina Cosmas Udoette, Afolabi Wilfred Olutokunbo, Nwogoh Martin, Shetima Jauro Mohammed, Ibrahim D. Gotan and Danjuma I. Yahaya.
The commission also approved the elevation of 17 Deputy Commissioners of Police to the rank of Commissioner of Police.
They include Nache Bashir Liman, Sirajo Lawal Salihu, Ayeleye Adegboyega, Isiaka O. Salau, Usman Shaik Adamu, Aminu Maiwada Garba, Abdulkarim Musa Waziri, Muhammad Yusuf Adamu, Sani Adamu Nufawa, Bello M. Adamu, Okezie Chikezie, Aminu Usman Gusau, Abiodun Onuoha, Salisu Bello Fago, Adegoke A. Alani, Wuwa Auwal Muhammad and Benedict U. Agbo.
In another round of promotions, 85 Assistant Commissioners of Police were elevated to Deputy Commissioners of Police.
Among the beneficiaries are Dr Ruth Oyinmearelu Okunbo, Medical Director of MD Abubakar Police Hospital, Deidei, and ASR Police Reference Hospital, Utako, Abuja; Isah Adejoh of the Police Staff College, Jos; and Mannir Yusuf Gafai of the Kano State Command.
Similarly, 49 Chief Superintendents of Police were promoted to Assistant Commissioners of Police, while 245 Superintendents of Police advanced to Chief Superintendents.
Notable among those elevated to CSP are Josephine Adeh, Police Public Relations Officer of the Federal Capital Territory Command, and Suleiman Yahaya Nguroje, spokesperson of the Adamawa State Police Command.
Other beneficiaries include Abah James of Rivers State Command, Okere Romanus of Isiowulu Division in Anambra State, Ugochukwu Ozoude Alex of Zone 9, Umuahia, Vincent Elekwa of Rivers State Command, Umar Sani of FCT Command and Mustapha Mohammed.
The PSC further approved the promotion of 498 Deputy Superintendents of Police to Superintendents of Police, including Isa Osu of the Border Patrol Force Headquarters, Abuja; Samaila Amadu Bangajiya of the 12 Police Mobile Force Squadron, Minna; and Akadu Godwin of the Tactical Intelligence Unit, Force Headquarters.
Another 3,218 Assistant Superintendents of Police were elevated to Deputy Superintendents.
Among them are Frank Okafor, former Chief Security Officer of Jaiz Bank and Intelligence Coordinator at Government House, Uyo; Samson Sule, Chief Security Officer to the Executive Secretary of the Nigeria Police Trust Fund; Ibrahim Abuh of Force Headquarters; Dauda Yusuf Olatunji; Sarauta Mohammed Mohammed; and Yusuf Mukarram Ado of the Airport Police Command, Ikeja.
Congratulating the newly promoted officers, Argungu charged them to see their elevation as a call to greater responsibility, professionalism and dedication to duty.
He urged them to redouble their commitment to protecting lives and property, maintaining public order and enforcing the law.
The PSC chairman stressed that Nigerians expected improved performance, discipline and accountability from officers entrusted with higher responsibilities.
The Nigeria Security and Civil Defence Corps (NSCDC) has suspended Deputy Superintendent of Corps (DSC) Onoja Babayo Samuel over his alleged involvement in a shooting incident at Kubwa Market, Abuja, on October 25, 2026.
The Corps has also ordered an Orderly Room Trial and referred the officer to its disciplinary committee to determine his level of culpability.
In a statement issued on Thursday by its National Public Relations Officer, Babawale Afolabi, the NSCDC disclosed that Samuel was arrested by the Federal Capital Territory (FCT) Police Command after allegedly firing gunshots into the air during a confrontation with traders at the market.
The Corps described the alleged conduct as a gross violation of its rules of engagement and Standard Operating Procedures (SOP), particularly those regulating the use of firearms.
Consequently, the Commandant General of the NSCDC, Prof. Ahmed Abubakar Audi, directed the officer’s immediate suspension pending the conclusion of investigations and disciplinary proceedings.
Following the directive, Samuel has been relieved of all official duties and stripped of his responsibilities until the disciplinary process is concluded.
According to the statement, the disciplinary committee at the Corps’ National Headquarters in Abuja will examine the circumstances surrounding the incident alongside the Orderly Room Trial.
The NSCDC assured the public that the outcome of the proceedings would be made known upon conclusion.
Reaffirming his administration’s zero tolerance for professional misconduct and the misuse of firearms, Audi warned that no officer found culpable of violating operational guidelines would be shielded from appropriate sanctions.
He reiterated the Corps’ commitment to protecting lives, maintaining professionalism and ensuring public safety, stressing that personnel must conduct themselves within established operational procedures at all times.
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