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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

Students Ejected From NAU Examination Hall Over Failure to Buy Lecturers’ Textbooks

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Students of Nnamdi Azikiwe University (NAU), Awka, Anambra State, were allegedly prevented from writing their examinations after they failed to purchase textbooks reportedly authored or recommended by some of their lecturers.

According to complaints received from affected students, the students had paid their required school fees and were duly expected to participate in the examinations. However, they were allegedly turned away from the examination hall because they had not purchased the textbooks.

The students expressed frustration over what they described as an unfair practice, questioning why payment of school fees and fulfilment of other academic requirements would not be sufficient to qualify them to sit for their examinations.

One of the students who spoke on the matter alleged that the affected students were asked to leave the examination venue after it was discovered that they had not bought the textbooks.

The students have appealed to the university authorities to investigate the allegation and ensure that no student is denied access to an examination on the basis of failure to purchase a lecturer’s textbook.

For fear of further victimisation, this report will not disclose the department and names of the lecturers involved.

The development has sparked concerns about academic practices and the welfare of students, with calls for university management to clarify whether lecturers are permitted to make the purchase of their textbooks a condition for students to participate in examinations.

The allegation could not be independently verified at the time of filing this report. The university authorities are yet to publicly comment on the matter.

Students and parents are expected to watch closely for the university’s response to the allegation, particularly given the potential implications for students’ academic progression.

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UNIZIK Bans Graduating Students’ Signing-Off Ceremonies on Campus

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By Okey Maduforo, Awka

The management of Nnamdi Azikiwe University (UNIZIK), Awka, has banned, with immediate effect, all forms of orchestration, celebration and “signing-off” activities by final-year students in connection with their final examinations on all university campuses and premises.

In a statement issued by the Director of Information and Public Relations, Comrade Aloysius Emeka Attah, the university said the decision was prompted by recurring incidents of chaos, violence, vandalism and disruption of academic and administrative activities associated with such events.

“Management is also concerned about the infiltration of unauthorised persons onto campus during these activities, which poses a serious threat to the safety and security of students, staff and university property.

“In fulfilment of its statutory obligation to maintain order, protect lives and safeguard property, Management considers such activities unacceptable and a breach of University regulations,” the statement said.

The university spokesman warned that any student found involved in organising or participating in any form of “signing-off” or related activities would face severe disciplinary sanctions, including rustication and withdrawal from the university, in accordance with the Students’ Handbook.

The statement also warned non-students and outsiders against entering the university premises in connection with the banned activities.

“Any person who is not a bona fide student or staff of the University found on University premises in connection with such activities shall be arrested and prosecuted for breach of peace, trespass and disorderly conduct,” it stated.

The Registrar of the university, Dr Chinenye Gloria Okeke, had earlier communicated the directive to the university community through an internal memo, urging students to remain focused on their academic responsibilities.

She also called on staff, students and members of the public to report any planned or ongoing misconduct to the Chief Safety Officer, Dean of Student Affairs or the nearest university authority for immediate action.

The university, under the leadership of the Vice-Chancellor, Prof. Bond Ugochukwu Stanley Anyaehie, said it remained committed to providing a safe, peaceful and conducive environment for teaching, learning and research.

Management, it added, would not tolerate any action capable of undermining the safety, order and academic environment of the institution.

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Education

Hostel Building Collapses, Federal Polytechnic Oko Students Feared Trapped

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A hostel building has reportedly collapsed at the Federal Polytechnic, Oko, in Orumba North Local Government Area of Anambra State, with an unknown number of students feared trapped beneath the rubble.

The multi-storey building reportedly caved in on Sunday night, July 27, 2026, while students were inside.

Eyewitnesses said residents and students in the area heard a loud rumbling sound shortly before the structure suddenly collapsed, sparking panic.

A large crowd reportedly gathered at the scene as residents and students rushed to assist in the rescue efforts before emergency responders arrived.

Rescue operations are ongoing as authorities work to determine the number of people trapped and evacuate those affected.

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Education

Paul University Suspends Anglican Priest Over Alleged Sexual Misconduct

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By Okey Maduforo, Awka

Paul University, Awka, has suspended a member of its academic support staff, Ven. Cornelius C. Eze, an Anglican priest, over allegations of sexual misconduct involving a student.

The development also appears to vindicate the management of Nnamdi Azikiwe University (UNIZIK), Awka, which had earlier denied claims circulating on social media that the individuals involved were members of its staff and student body.

In a statement issued by its Public Relations Department, UNIZIK had clarified that neither the alleged staff member nor the student was affiliated with the institution.

Meanwhile, Paul University has launched an internal investigation into the allegations while relevant law enforcement agencies have also commenced their inquiries.

Ven. Eze, who serves as a Practical Biology Technologist in the Faculty of Natural and Applied Sciences, was placed on indefinite suspension pending the outcome of the university’s disciplinary process and the police investigation.

The suspension was announced in a statement dated July 17, 2026, signed by the university’s Public Relations Officer, Rev. Godisplan Onukwufor.

According to the statement, the allegations were brought to the attention of the university management on Tuesday, July 14, 2026. Management said it immediately invited security agencies to intervene in order to prevent a breakdown of law and order following tensions among students.

The university stressed that the suspension is an administrative measure taken without prejudice to the outcome of the investigations.

A video circulating on social media, whose authenticity has not been independently verified, allegedly shows the suspended staff member dressed only in boxer shorts and apparently fleeing from his office amid a commotion. The footage has been widely shared alongside claims that he was caught in a compromising situation by angry students and members of the university community.

However, the university did not comment on the authenticity of the video or the specific circumstances surrounding the incident.

Reaffirming its commitment to ethical standards, the faith-based institution said it maintains a zero-tolerance policy on sexual harassment, sexual misconduct, abuse of office, immoral behaviour, and any conduct capable of endangering the safety, dignity, or welfare of students and staff.

The university stated that anyone found culpable after due process would face appropriate disciplinary measures in line with its regulations and the laws of the Federal Republic of Nigeria.

Management also disclosed that counselling and psychological support would be provided for the affected student(s) and other members of the university community.

It urged the public to avoid speculation and the spread of misinformation while investigations are ongoing, assuring parents, guardians, students, and staff of its commitment to maintaining a safe, secure, and morally sound learning environment.

The university added that further updates would be provided as investigations progress.

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Education

Obi Hails FG’s Suspension of WAEC, NECO Fee Hike, Says It Is a Victory for Nigerians

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The presidential candidate of the NDC for the 2027 election, Mr. Peter Obi, has described the Federal Government’s suspension of the proposed increase in examination registration fees as a welcome relief and a victory for the Nigerian people.

The Federal Government on Monday suspended the proposed review of registration fees for the 2027 West African Senior School Certificate Examination (WASSCE) and the National Examinations Council (NECO) Senior School Certificate Examination (SSCE).

In a statement, the Federal Ministry of Education said the fee adjustment proposal contained in its June 18, 2026 letter had been withdrawn pending broader consultations with stakeholders.

The Ministry explained that the proposed increase was necessitated by the rising cost of conducting credible national examinations. However, the Minister of Education, Dr. Maruf Tunji Alausa, directed that the proposal be placed on hold in line with the Federal Government’s commitment to inclusive, transparent and evidence-based policymaking.

According to the Ministry, consultations will be held with examination bodies, state ministries of education, school proprietors, parents, organised labour and other stakeholders before any decision is taken. It also assured Nigerians that the proposed fee review would not take effect until the consultations are concluded, while reaffirming its commitment to protecting students’ welfare.

Reacting to the development, Obi commended the government for listening to the widespread public outcry but maintained that the proposed fee hike should never have been introduced.

“While I commend the authorities for listening to the widespread public outcry and suspending the policy, it must be said that the fee was an unnecessary burden that should never have been introduced at this time of great hardship, when we should be doing everything possible to invest in basic education and reduce the millions of out-of-school children in Nigeria,” he said.

Obi argued that at a time when many families are struggling to make ends meet, access to education should be expanded rather than restricted.

“Education is a fundamental right and a public good, not a source of government revenue,” he said.

He added that imposing multiple fees at the basic education level risks denying many children their right to education.

“At that stage, the State has a duty to invest in educating and preparing its citizens for productive lives, not to erect financial barriers that keep them out of school,” Obi stated.

He further noted that true leadership is demonstrated not only by making decisions but also by having the humility to reverse policies that impose unnecessary hardship on the people, adding that many other anti-people policies deserve similar reconsideration.

Obi thanked citizens, parents and advocacy groups whose collective voices contributed to the suspension of the proposed fee increase, concluding with his familiar message: “A New Nigeria is Possible.”

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