News
FG to shut filling stations as petrol hits N1,000/litre
Many filling stations operated by independent oil marketers have now fixed the pump prices of Premium Motor Spirit, popularly called petrol, at between N900 and N1,000/litre.
Owners of these stations seem not to care about the cost of the product at retail outlets operated by the Nigerian National Petroleum Company. Petrol prices at NNPC stations range from N568 to N617/litre. This often leads to queues at the stations.
As Nigerians raise concerns about the high cost of the commodity by independent petrol dealers, the Federal Government has also vowed to shut down filling stations that will be caught dispensing PMS at exorbitant rates.
It declared this through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, stressing that it was not in the interest of Nigerians for marketers to profiteer in the sales of PMS.
Independent oil marketers claimed that they’ve been buying petrol from private depot owners for as high as N850/litre since last week and that this was why the pump prices were high.
However, the spokesperson of the NMDPRA, George Ene-Ita, argued that the petrol price reports that the regulator gets from its officials at the depots were different.
“Our depot people see a different price because we ask them to publish the prices at the depots every day and it is not N850/litre. Our field agents at the depots give us a different figure,” he said.
When told that some filling stations operated by independent marketers in Lagos and many other states dispense their products for as high as N900 and N1,000/litre, the NMDPRA official said such outlets would be brought to book if apprehended.
“If we get these outlets, all we do is to try and shut them down, because NNPC is the company that brings in the product and they tell us how much they sell as their ex-depot prices to off-takers. And we sit down together and work out the margins and there is no way it should be that high,” Ene-Ita declared.
The NMDPRA official further noted that there was no way the agency could reconcile the high cost of petrol sold by independent marketers.
“Do you have these stations displaying the high prices on their pumps?” Ene-Ita asked.
Our correspondent responded in the affirmative, and the regulatory agency’s official declared again, “Once we get these outlets, we are going to shut them down. NNPC tells us how much they sell and there is no way the pump prices should be that high. We don’t expect it to be higher than N650/litre.”
The NMDPRA spokesperson warned marketers involved in profiteering to desist from the act, stressing that the agency would not fold its hands and allow operators to cheat Nigerians.
Findings by our correspondents show that marketers are making more profit as the fuel crisis rocking the country has refused to end.
It was reliably gathered that owners of filling stations have seized the opportunity to add to their margins as regulators could not enforce any particular price.
Due to the low supply from NNPC, private depot owners were said to have hiked the price of petrol as high as N850/litre
The depots sell to independent marketers, who could not get the product directly from the NNPC at about N570/litre like the major marketers.
In return, the independent marketers sell a litre of petrol to motorists and other Nigerians at prices ranging from N850 to N900 or even N1,000 in some remote areas.
“That is why no marketer is complaining of low margins again. This is the time for them to make money. The only issue is that getting the product is not that easy,” a source said.
“The price is high because the supply is low. It is a matter of demand and supply. The price will continue to be up, at least for now. It Is an opportunity for the filling stations to add to their margins. This is an abnormal situation. Normalcy is restored, and the regulatory authority can monitor. Can the regulator monitor anybody now?
“Imagine when you pay about N30m to NNPC to order petrol and it takes about one month to get the product. Assuming you take N30m from a bank with this interest rate, is that not a problem?’ a marketer stated.
Sources at the Lagos depot informed our correspondent anonymously that the NNPC is still rationing the product despite assurances that normalcy would be restored last Wednesday.
It was gathered on Monday that marketers could only get half of whatever metric tonnes they bid for.
A depot operator said though the situation had improved a bit, the supply is still far below what is required to ease off the queues and make the product available for all Nigerians.
Another source hinted that the Federal Government is now prioritising the Federal Capital Territory, Abuja to reduce the long queues in filling stations.
“The queue is easing a little bit in Abuja. Almost 70 per cent of the trucks are going to Abuja. The directive is that they should go to Abuja,” the depot operator confided.
Contrary to claims that the marketers might be hoarding fuel, the manager of a filling station in Ogun State, who identified himself simply as Adeyanju, said no one hoards fuel because it will continue to dry up.
“The way PMS is, if you put 33,000 litres in a tank, if you hoard it for too long, by the time you want to haulage it, it may not be more than 31,000 or 32,000 litres. It will be evaporating. No tank operator will ever hoard fuel, not even at this time when people are making money,” the manager disclosed.
He added that no miracle could clear off the queues in this new week, asking the NNPC to ramp up supply.
On Monday in Osogbo, Osun State, petrol was sold by filling stations owned by independent marketers at prices ranging from N900 to N1000 per litre.
However, the few major marketers that dispensed petrol, sold the product for N700 per litre.
Many filling stations within the metropolis did not open to customers, as commercial intra-city bus operators increased their charges by 50 per cent due to the high cost of fuel.
Petrol was priced between N980 and N1000 at stations owned by independent dealers in Damaturu and its surrounding areas.
The same scenario played out in parts of Lagos and Ogun states, where petrol went for as high as N950 and N1,000/litre at independent marketers’ stations.
Following the reluctance of many marketers in Kano State to open their filling stations despite having the commodity in stock, black markets continued to thrive.
A litre of PMS at filling stations owned by independent marketers still sold for N980 and N1000/litre in Kano.
Following this negative development, black marketers have fully returned to the business and are having a field day. PMS at the black market sells for N1200 and N1300.
Source: PUNCH
OSOGBO — The All Progressives Congress (APC) has rejected the outcome of the August 15, 2026, Osun State governorship election as declared by the Independent National Electoral Commission (INEC), insisting that it is not convinced that Governor Ademola Adeleke secured the highest number of valid votes.
INEC on Sunday declared Adeleke the winner after the Returning Officer, Prof. Joshua Olalekan Ogunwale, announced the final results at the commission’s headquarters in Osogbo.
Adeleke, who contested on the platform of the Accord Party, polled 511,067 votes to defeat the APC candidate, Asiwaju Bola Oyebamiji, who scored 444,815 votes. The African Democratic Congress (ADC) candidate, Dr Najeem Salaam, came third with 17,180 votes.
However, the APC said it would not accept the declaration without conducting a comprehensive review of the electoral process.
Speaking on Arise TV’s Prime Time programme on Monday, the Director-General of the APC campaign for the Osun governorship election, Hon. Oluwole Oke, said the party had commenced an audit of the results and electoral materials from the poll.
Oke said the party had directed its agents across the state to submit relevant result sheets for scrutiny as it investigates alleged infractions.
“We need to do the needful which is to evaluate the process, review the process and then form an opinion. We’ve embarked on an audit process; we’ve asked all our party agents to submit copies of Form EC8A, B, C to our secretariat for review. We need to inspect all the materials because we do not agree with the declaration of INEC, and that’s our position for now,” he said.
The APC campaign chief also dismissed suggestions that the party was under pressure to immediately accept the outcome following President Bola Ahmed Tinubu’s congratulatory message to Adeleke.
Tinubu had congratulated Adeleke after the declaration, describing the outcome as a reflection of the will of the people.
Reacting to the President’s position, Oke said Tinubu spoke in his capacity as President and a democrat following INEC’s declaration.
“Mr. President spoke as the Father of the nation and a democrat following the declaration by INEC,” he said.
Oke, however, maintained that the APC would rely on its own assessment of the election after completing its review.
“We’re on ground and politics is local and, like I’ve told you, what we’re doing is to conduct a thorough review of the entire process and form an opinion,” he said.
He added that the party would not be rushed into congratulating Adeleke, insisting that its preliminary position was that the governor did not secure the highest number of valid votes.
“We won’t be under any subtle pressure to easily reach out to congratulate Senator Ademola Adeleke because we believe he didn’t score the highest valid votes,” Oke said.
The APC is expected to determine its next course of action after completing its audit and reviewing the electoral materials and results submitted by its agents.
ABAKALIKI — The 2027 governorship race in Ebonyi State is gathering momentum, with the Peoples Democratic Party (PDP) candidate, Chief Ifeanyi Odii, unveiling a package of reforms aimed at improving the welfare of workers, teachers and retirees.
Odii made the commitments during a meeting with representatives of Ebonyi civil servants and members of the Nigeria Union of Teachers (NUT) at his Lagos residence, where he outlined his plans for a comprehensive reform of the state’s public service.
A major component of his agenda is a workers’ housing scheme designed to provide 1,000 housing units within his first year in office and up to 5,000 units over four years if elected governor.
Odii said the housing programme would be structured to minimise dependence on direct government funding, with workers’ contributions and existing pension assets forming part of the financing framework.
He said the initiative would address the housing difficulties faced by workers and retirees, particularly retirees who often struggle to sustain rented accommodation after leaving government service.
The PDP candidate also proposed a paperless digital loan platform that would allow workers to access loans against their contributory pension savings without the bureaucratic delays associated with the existing system.
On retirement benefits, Odii pledged that workers would have access to their entitlements immediately upon retirement, arguing that retirees should not endure prolonged delays in receiving benefits accrued during their years of service.
He further promised to reform the promotion process through computer-based promotion examinations capable of producing results instantly.
According to him, the digital system would reduce delays, curb opportunities for manipulation and promote greater transparency and fairness in the career progression of civil servants.
Odii said the proposed reforms were aimed at creating a public service where workers would have improved access to housing, credit facilities and timely retirement benefits, while ensuring a more transparent promotion system.
He presented the proposals as part of his broader agenda to improve workers’ welfare and reposition the Ebonyi State civil service for greater efficiency if elected governor in 2027.
The MainPower Electricity Distribution Limited (MEDL) has confirmed the death of one of its operations staff in an electrical accident.
The Head of Communications, MEDL, Mr Emeka Ezeh, who confirmed the incident in Enugu on Monday, said that the incident occured on Aug. 13 at Eke in Udi Local Government Area of Enugu State.
Ezeh said that the incident, which occurred at about 1p.m., involved Mr. Samson Okechi, the Team Lead, Abor, attached to the company’s 9th Mile District.
He said, “Okechi was carrying out maintenance work on a 50kVA/11kV pole-mounted distribution substation at Eke when he sustained an electric shock.
“Okechi was immediately evacuated to Our Saviour Hospital, Ngwo, for medical attention but was pronounced dead by the doctor on duty. His remains were subsequently deposited at a mortuary.”
He said that the incident was formally reported at the Ngwo Police Station for documentation and other necessary statutory actions.
Ezeh also debunked claims circulating on some social media platforms that Okechi was murdered or that the incident was the result of sabotage.
“I wonder why some people take pleasure in conjuring unfounded narratives and circulating them, thereby creating unnecessary tension and bad blood. This is so unfair,” he said.
He urged members of the public to disregard the claims, describing them as baseless.
According to him, Okechi had requested a Station Guarantee (SG) for the Okwe 11kV Feeder, which was granted at about 11:06 a.m. at the 9th Mile Injection Substation. The feeder was subsequently opened and tagged.
“This is a very unfortunate development and a big shock to all of us, his colleagues. Our hearts go out to his immediate family as they grieve,” Ezeh said.
The MEDL spokesman disclosed that MainPower management had commenced a comprehensive investigation to establish the immediate, underlying and root causes of the accident.
He said, “We are committed to ensuring that the investigation is thorough and evidence-based.
“The findings will be used to identify any gaps, determine appropriate corrective measures, and strengthen safety procedures and operational controls where necessary.”
Ezeh MEDL assured its customers and stakeholders that safety remained a paramount priority in its operations, adding that appropriate measures would be taken based on the outcome of the investigation.
Idiaye, a third-term lawmaker, takes over from Blessing Agbebaku, who resigned as Speaker on Monday amid moves by lawmakers to impeach him.
The emergence of Idiaye was said to have been influenced by the gentleman’s zoning arrangement in the Assembly, which provides that when the governor is from the Edo Central Senatorial District, the Speaker should come from Edo North.
Idiaye, being the oldest member from the Edo North Senatorial District, was subsequently elected Speaker.
Without the zoning arrangement, the Deputy Speaker would have automatically succeeded Agbebaku, according to the new Speaker.
Members of the Assembly were at the Government House to inform Governor Monday Okpebholo of the change in leadership.
Agbebaku was said to have resigned early on Monday following alleged moves by lawmakers to impeach him.
Reports gathered that 17 of the 24 lawmakers had signed a notice of impeachment on Sunday night, a development that may have prompted his resignation.
Agbebaku’s resignation was confirmed by Ebojele, who said details of the development would be made public later.
She said, “I can confirm the Speaker’s resignation but details will be made public later.”
The Speaker of the Edo State House of Assembly, Blessing Agbebaku, has resigned from his position.
Agbebaku stepped down on Monday amid moves by some lawmakers to impeach him.
His resignation was confirmed on Facebook by his media aide, Ivy Adodo-Ebojele, who said further details on the circumstances surrounding his exit would be made public later.
“EDO ASSEMBLY SPEAKER RT HON CHIEF BLESSING AGBEBAKU RESIGNS,” she wrote.
The development has thrown the Edo State House of Assembly into a fresh leadership crisis, with lawmakers expected to determine a new Speaker.
Details shortly…
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