News
Fuel: Pump price rises to N1,150 after Dangote hike
“The crude price rose to $80 per barrel today (Thursday). Without exchange rate improvements, PMS prices will increase in the coming weeks,” Osifo stated in Lagos.
On Friday, there was an upward adjustment in the price of petrol produced by the Dangote Petrochemical Refinery.
The $20bn plant raised its PMS from N899/litre to N955/litre at its loading gantry.
The refinery, in an email statement sent to its customers and obtained by one of our correspondents, said its refined products would now be priced at the new cost.
It noted that marketers buying between two million and 4.99 million litres would now buy at N955/litre, while five million litres and above would buy at N950/litre.
The amount marks an increase of N55.5 or 6.17 per cent from N899.50/litre announced as a holiday discount for Nigerians last December.
This adjustment applies to all stock balances yet to be lifted by the stated time, while pending stock as of the effective time will also be repriced at the updated rates.
The statement added that the new price regime took effect from 5:30pm on Friday.
The notice, titled, ‘Communication on PMS Price Review’, read, “Dear esteemed customer, Trust this email finds you well.
“Kindly be advised that effective from 5:30 pm today (Friday), an upward adjustment has been implemented on the gantry price of Premium Motor Spirit. Quantity Previous Price (NGN/Litre): 2 million-9.99 million – N899.50; 10 million litres & above – N895.
“Quantity New Price (NGN/ Litre): 2 million – 4.99 million – N955; 5 million litres & above – N950.
“Please note that all stock balances yet to be lifted as of the above-stated time are to be repriced at the new reviewed prices. We shall communicate with customers on their revised volumes based on the reviewed prices, in due course.”
The price increase sparked widespread effects on the downstream petroleum sector, particularly private depots and retail markets.
Findings showed that private depots, despite having old stocks, increased their loading costs to N970 in Lagos and N1,000 in Calabar.
A breakdown analysing petrol price movements at loading depots after the announcement of the new price showed that Sahara depot increased its loading price by N20 to N970/litre from N950/litre on Thursday.
Pinnacle Depot increased its price to N970 from N921, while Wosbab Depot made a similar change to N965 from the N940 it sold a litre of petrol on Thursday.
NIPCO increased its loading costs by N30 to N980 from N950 on Thursday.
Also, a private depot, Rainoil, increased its loading costs to N970 from N950. A private depot, Alkanes, in Calabar, asked retailers to pay N1,000/litre to receive products.
Zone 4 and Mainland depots increased their loading costs to N1,005/litre from N985, which sold products on Thursday.
Oil marketers operating under the auspices of the Independent Petroleum Marketers Association of Nigeria projected a steep increase in the retail cost of petrol, stressing it could hit N1,100/litre in Lagos and neighbouring states.
IPMAN also said petrol customers in the Federal Capital Territory might pay N1,150 for a litre.
The IPMAN National Publicity Secretary, Chinedu Ukadike, said the product would now trade for more than N1,000/litre, especially in hinterlands nationwide.
He stressed that the new change was due to the recent surge in the price of crude oil globally.
Ukadike said, “Yes, Dangote has increased its price to N955. This is only because of the increase in Brent crude. Once it increases, the domestic production cost will also increase.
“Nigerians will likely pay over N1,150 at faraway locations, while locations close to the depot will pay N1,100. This is because we will add about N50 logistics costs. Currently, ex-depot prices have increased to N980.
“This change is immediate because crude oil prices, too, are immediate. The refinery told us it has taken effect today, which means prices have increased already. Deregulation in this sector means price will be controlled by forces of demand and supply.
“So, if the force of supply says Brent crude has increased, it means domestic costs will also change. It is no longer funny now. Even marketers are affected by this up-and-down dwindling of prices. It affects our business.”
The Petroleum Products Retail Outlet Owners Association of Nigeria said retailers could not buy a litre of petrol and sold at N1,000/litre, adding that the margin would be higher than N45.
The PETROAN National President, Billy Gillis-Harry, said the Dangote PMS was exclusive of charges imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority and that would form part of what retailers would add to the margin.
Though Gillis-Harry said he could not confirm the exact price of petrol at filling stations, he noted that it would be higher than N1,000/litre.
According to him, PETROAN members would still sell at N935/litre due to the agreement they have with MRS Oil, pending when the agreement changes.
“I’ve already told you that it’s difficult to do any effective amateur projection on price modulation. One of the reasons is that the cost of the production, the selling price, and the landing price, all of that will be taken into consideration. And the PIA (Petroleum Industry Act) has given provisions for how the price will be computed.
“So, at all times, we’ve got to depend on the PIA’s prescription for pricing. You know, the other day you called me and you told me about an association that said the price could be N500/litre. You can see how false the projections are. So, that means they are not informed by any empirical value,” Gillis-Harry stated.
He spoke further that since he got information about the price change, his team had been making analysis.
“So, before I can speak on prices, I must get the feedback from them, from at least 10 states, and maybe four or five depots. So, for today, you can quote me to say, yes, there is going to be a price change, but that price can only come, maybe by the close of tomorrow (Saturday).
“Because right now, we still have an obligation with the MRS to be selling at N935, and some of us bought products there. So, if they change their prices because of the Dangote price, then the conversation will be different.
“After the price of buying, there must be the price of logistics. Once that is computed, we can then look at what is the most humane profit margin,” he submitted.
An oil and gas expert, Olatide Jeremiah, said depots were poised to increase the loading price of refined petroleum products because of the heavy influence of the refinery.
Jeremiah, who is the Chief Executive Officer of petroleumprice.ng, said, “Dangote refinery’s influence on fuel price has become unmatched; private depots, major marketers, and independent marketers will compete with this new price. Therefore, Nigerians should expect an increase in the pump prices of petrol.
“Brent crude oil as of today (Friday) is $81.84, highest in 2025, it is one major factor for the increase.”
News
South-East Development at Risk? Fresh Allegations Shake SEDC Leadership
The Abia State’s “Senior man” is leg-deep into a messy murky-water fight with the SEDC, I learnt. The crux of the squabble is saddening.
While Senator Orji Uzor Kalu wants a huge bite from a crumb-pie federal allocation the SEDC barely gets to fund its activities, the commission’s management is refusing to open its vault. For this, a fatal crisis brews.
I dug deeply to uncover the hidden cracks, which neither Orji Uzor Kalu nor the SEDC wants visible to the public.
A Thread.
When the Senate President, Godswill Akpabio, announced the 10-Man Senate Committee to oversee the activities of the South East Development Commission (SEDC) and made Orji Uzor Kalu its Chairman, many South Easterners, like myself, were underwhelmed.
“How can a man who was once convicted of funds embezzlement and wanton corruption lead a committee that will conduct a transparent oversight function on the SEDC?” I questioned. The logic was vague.
Today, those silent doubts have been proven valid. The Abia state “senior man” in kleptocracy is showing off his true colours and they read red for the SEDC, the region’s “child” development initiative that should rather enjoy the support of every stakeholder from the region.
Before we get into unraveling the ridiculous “settlement” demands of OUK and the impending showdown, let’s take a look at the SEDC’s activities so far.
On February 12th, 2025, the SEDC Management Team, Governing Board, and Senate Committee were inaugurated. Tinubu’s government announced a N140 billion yearly allocation for the commission and directed its Management to draft its budget around the figure.
The Commission did as directed, drafted a N120 billion budget. But for its vision for the South East development, it included more critical infrastructures in the budget. This shot the budget to N250 billion.
In its revenue mapping, it factored in raising the N110 billion shortfall internally – all by itself. This didn’t pose a problem. The government approved the budget. Allocations will come in monthly, in a tranche of N10 billion each month.
Unsurprisingly, the Commission didn’t get any budgetary allocation throughout 2025. In these months of financial drought and zero cash inflow, everywhere was quiet. Senator Orji Uzor and his committee members didn’t see a need to exercise oversight on the Commission’s activities.
But in December 2025, the government released a N5 billion take-off grant to the Commission. For context, a take-off grant is a mobilization fund. The commission is expected to use it to acquire and renovate office spaces, pay salary arrears for its staff, and cover other expenses it may have incurred throughout its 9 months of takeoff.
As soon as the funds arrived, the bees gathered to perch on the honeycomb. But with the honey sealed, the parasitic bees are piping to sting on the host with such a rude sense of entitlement. This is the crux of the matter.
I learnt the SEDC Management had yet to map out the expenditure for the takeoff grant when the “arrogant racketeers” came banging at the door for a fat share, with their greedy potbellies. I tried to obtain details but the SEDC declined. I assume they fear Orji Uzor Kalu’s brutish wrath.
Senator Orji Uzor Kalu and his fellows want about 35% cut from the N5 billion takeoff grant, and also for subsequent allocations that the commission gets. How much more ridiculous can it get?
On what grounds does the so-called Senate Committee demand about 35% of the takeoff grant and subsequent allocations? Is the SEDC their private ventures? How more gluttonous can their kleptocratic deep pockets be?
The SEDC Management declined. And it is sticking with its “no” with vehement insistence. This set the tone for the fight which has now spiraled to a destructive dimension. In fact, it threatens the existence of the commission.
This year, the Commission has only received N1.8 billion twice, in January and February. The rest of the months so far, it has gone without allocation. I learnt that the Venture Capital Competition it recently hosted, which funded 25 startups and existing businesses from South Easterners, was financed largely by private investors – which the commissioned sourced.
Yet, Orji Uzor Kalu and fellow money-mongers want a bite from the fragmented pie.
Recall that earlier in February this year, the Senate Committee, through Senator OUK, issued a “stern warning” to the commission over “the management of N250 billion takeoff grant.” It was because the Commission refused to hand them about 35% cut from the N5 billion. They lied that it was N250 billion.
Is the Senate Committee backing down yet? Never. They have summoned the Commission to appear before them on June 9th, tomorrow. They cannot understand stubborn Will and resolve of the SEDC Management Team to resist their insidious interference and mute their atrocious kleptocratic taste.
They now want to carry out a comprehensive probe into the SEDC activities. The Commission must provide details of all projects, programmes, interventions, and contracts it has executed so far, including their locations, costs, procurement processes, and implementation status.
Wouldn’t this have earned a reputable applause had the Senate Committee not been driven by a heinous greed and sought to choke a Southeast’s only Development Initiative to termination?
Isn’t it time for the leaders and stakeholders from the South East to stand up to Orji Uzor Kalu and his colleagues in the SEDC Senate Committee to quit this scandalous meddlesomeness and allow the Commission to do its job?
Beyond the oversight function of monitoring and probing the activities of the Commission to ensure that it runs efficiently and effectively, and that it is transparent and accountable in all its dealings, the Senate Committee has no other business but to focus on its lawmaking duties. It should remain at this!
News
Anambra Govt urged to Stop Salary Deductions As Head Of Service Shuns Newsmen
By Okey Maduforo, Awka
The Anambra State chapter of the Nigerian Labour Congress (NLC) has called on the state government to suspend further salary deductions affecting workers pending the conclusion of investigations by a committee set up to address the issue.
For the past three months, workers in the state have complained about unexplained deductions from their monthly salaries, describing the development as unacceptable. Many affected workers insist that even those who report to work regularly and punctually have had portions of their salaries deducted.
Some workers have accused the state government of implementing punitive measures linked to the prolonged Monday sit-at-home order previously enforced by the separatist group, the Indigenous People of Biafra (IPOB), which kept many workers away from their duties for several years.
Speaking with journalists, the Anambra State NLC Chairman, Comrade Humphrey Nwafor, disclosed that the issue was raised during the 2026 Workers’ Day celebration, prompting Governor Charles Soludo to establish a committee to investigate the allegations.
According to Nwafor, the committee comprises the NLC Chairman, the Trade Union Congress (TUC) Chairman, the Commissioner for Finance, and the Head of Service.
He explained that during the committee’s meeting last week, members resolved that salary deductions should be suspended pending the submission of the committee’s final report. The responsibility of addressing the issue in the interim was assigned to the Commissioner for Finance and the Head of Service.
“We met last week and resolved that those deductions should be put on hold for now while the Commissioner for Finance and the Head of Service manage the situation. Organized Labour has agreed to stay action while the government looks into the matter,” Nwafor said.
Efforts to obtain comments from the Head of Service, Barrister Ngozi Anuli-Iwuono, were unsuccessful. When contacted, she expressed frustration over frequent calls from journalists and declined to comment on the matter.
This reporter had earlier contacted her on Monday, when she explained that she was attending an Executive Council meeting and could not immediately respond. However, when contacted again on Tuesday, June 9, at about 1:25 p.m., she stated that she was in another meeting.
“I am in another meeting. Why are journalists calling me every time? Last time it was Tribune, today it is Telegraph. Please, you people should stop calling me,” she said.
Meanwhile, the Commissioner for Information, Dr. Law Mefor, assured workers that the matter was receiving attention and revealed that some affected employees had already started receiving the balance of their deducted salaries.
Mefor explained that most of the affected workers were stationed outside the state headquarters. He noted that the Ministry of Finance relies on attendance records submitted by various departments and unit heads to determine salary payments.
“It is based on the information available to the Ministry of Finance regarding those who reported for duty through the attendance clock-in system. This issue mainly affects workers in outstations and not those at the headquarters,” he said.
“People have started receiving their full salaries, and many of those who failed to clock in were affected. This is already being verified.”
Using the Ministry of Information as an example, Mefor said the ministry has about 185 workers, the majority of whom serve as Information Officers across local government areas. He added that evidence of their attendance was submitted to the Ministry of Finance to facilitate payment.
“Here in the Ministry of Information, we have about 185 workers, most of whom are posted to local government areas. We provided evidence of their attendance to the Ministry of Finance, and necessary adjustments are being made,” he stated.
News
Three Dead as Warri-Itakpe Train Derails in Delta, NRC Confirms
The Nigerian Railway Corporation (NRC) has confirmed the death of three persons following the derailment of the Warri-Itakpe train in Agbor, Delta State.
The corporation disclosed that four coaches left the rail track during the incident, which occurred on Monday, June 8, 2026.
In a statement, the Managing Director of the NRC, Dr. Kayode Opeifa, said emergency response teams and other relevant authorities were immediately mobilised to the scene to manage the situation and provide assistance to affected passengers.
“The Nigerian Railway Corporation (NRC) has confirmed a serious train accident involving the Warri-Itakpe Train Service (WITS) corridor at Agbor, Delta State,” the statement said.
According to Opeifa, rescue and emergency response operations were activated immediately after the accident, and all passengers on board have since been accounted for.
“Sadly, three fatalities have been confirmed at this time,” he stated.
He added that relevant authorities are continuing to assess the full circumstances surrounding the incident, while support is being provided to injured and affected passengers.
“Our thoughts and prayers are with the victims, their families, and loved ones during this difficult time,” Opeifa said.
The NRC urged members of the public to rely only on verified information and official updates from the corporation as investigations into the cause of the derailment continue.
News
Newlywed Woman Disappears After Discovering Husband Had Two Children
A newly married Nigerian woman who was recently declared missing by her family in Abuja has reportedly left her matrimonial home after discovering that her husband allegedly had two children with different women.
The woman, from Mbabum Community in Ukum Local Government Area of Benue State, had been the subject of a public appeal by her family, who sought assistance in locating her after she allegedly left her husband’s residence in Abuja.
According to a statement attributed to a family representative, Hon. Goshi Peter, the woman married Goshi Bem in March 2026 but left her matrimonial home about two weeks ago and had not returned.
However, in an update shared on Saturday, June 6, 2026, a Facebook user, Tyom Alexander, claimed she had spoken with the woman by phone.
According to Alexander, the woman said she left her husband’s home after discovering that he had two children from different women, information she alleged was not disclosed to her before their marriage.
“I have been able to speak with this woman through the phone number provided by the whistleblower,” Alexander wrote.
“She said her husband didn’t tell her that he had children before their marriage. She only discovered this after they relocated to Abuja.
“The first child is five years old, while the second child is two years old, both from different mothers.”
Alexander further claimed that the woman stated she was safe and still in Abuja, and reportedly warned her husband not to bother searching for her.
“According to her, the man should not bother looking for her as she is doing fine in Abuja,” Alexander added.
“If this is true, then the man has disappointed me. I wait to hear the man’s side of the story.”
As of the time of filing this report, the husband’s response to the allegations had not been made public.
News
Consultant Laments Fate Of 200,000 kms Of Nigerian Roads
By Okey Maduforo Awka
The fate of Nigerian roads especially the highways appears to be under threat of this year’s rainy season following fears by professionals that the over 200,000 kilometers of roads may collapse by the end of the year .
Deepening this apprehension is the lack of maintenance of those roads which have yearly carried loafs above it’s capacity occasioned by heavy duty trucks and tankers .
Expressing these fears , Consultant Engineer to the Federal government Patience Aningo noted that if urgent steps are not taken this year’s rainy season would spell doom for motorists and other road users across the country.
“Without consistent enforcement of axle load limits, and steady maintenance of our federal highways there strong indications that the country is at the risk of loosing over 200,000 kilometers of roads ”
“Roads require precision from proper compaction to correct layer thickness”
“By then, what could have been addressed with minor engineering challenges would become a huge cost of maintenance”
“The frustrations lies a deeper issue and the persistent failure of roads that should last far longer is compromised by laxity on the part of the authorities concerned”
“The outcomes are sometimes undermined by weak supervision, inconsistent material quality, and cost”
She observed that poor drainage system has also been the bane of the Federal roads in the country.
“Nigeria has one of the largest road networks in Africa estimated at over 200,000 kilometers yet a
One major factor is inadequate drainage”
“Roads are not just paved surfaces; they are engineered drainage
systems, sealing cracks, and timely patching remains underutilized, despite its proven
underlying soil, and accelerates structural deterioration”
“In a country with intense seasonal rainfall, neglecting drainage is one
of the fastest ways to shorten a road’s lifespan.’
“Regulations must be enforced consistently to protect infrastructure investments”
“Similarly, the Abuja–Kaduna Highway remains a critical but vulnerable route, where
pavement distress and operational challenges continue to highlight the strain placed on key compromise
during construction directly reduces durability and increases long-term costs”
“Drainage must be treated as a core design element, not an afterthought which affects Axle load against
what they were originally designed for”
“Heavy-duty trucks often overloaded introduce stresses that affect the roads ”
“Many Nigerian roads now carry traffic volumes and axle loads far beyond routes in the country
and despite ongoing reconstruction efforts, sections have deteriorated quickly ”
“When water is not properly managed, it penetrates the pavement layers, weakens the
This pattern is evident on major corridors such as the Lagos–Ibadan Expressway, one of the busiest in the country “she stated.
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