News
Price war continues as marketers slashes petrol by N100
This has compelled other stations to lower their petrol prices by about N100 per litre, an amount that is far below their cost of purchase, indicating the severity of the price war in the downstream oil sector.
Last week, the Dangote refinery shocked depot owners and marketers when it slashed the gantry price of petrol by N129, from N828 to N699 per litre. During a recent press briefing, the President of the Dangote Group, Aliko Dangote, said he had information that some marketers planned to keep pump prices high despite the reduction in the gantry price.
Consequently, Dangote vowed to enforce the new price regime, with MRS selling petrol at N739 from last Tuesday. “I was told that the marketers have met with (some officials) and were told to make sure that the price is maintained high. But this price we are going to introduce, we are going to start with MRS stations, most likely on Tuesday (last week) in Lagos; that N970 per litre, you won’t see it again. We have also asked members of IPMAN to come now. We have asked anybody who can buy 10 trucks to come and buy 10 trucks at N699.
“Invesitigations revealed that when some MRS filling stations in Lagos dropped the price of petrol on Tuesday, it triggered long queues of vehicles seeking to buy the commodity at the outlets. It was observed that the MRS filling station in Alapere, Lagos, recorded a large turnout of buyers, many of whom boycotted other outlets selling petrol above N800 per litre.
As a result on Sunday, filling stations had started reducing prices in order to remain competitive in the market. From over N900 last week, many retail outlets now sell petrol below N800 per litre as motorists patronise those with lower prices.
While buyers thronged MRS and other stations with cheaper fuel, outlets selling at higher prices struggled to attract customers.
“The good thing is that there is always an MRS in almost every neighbourhood you turn to, and this has given buyers the opportunity to shun other stations to buy the cheaper Dangote petrol from MRS. This is a major concern for all traders nationwide,” a major oil marketer familiar with the development, who spoke to our correspondent in confidence in order not to be victimised, stated on Sunday.
As of Sunday, many filling stations had effected changes in their pump prices.
For instance, SGR filling station in Ogun sold petrol at N750 per litre, while Petrocam in Mowe sold the fuel at N785 per litre. The stations struggled to compete with the N739 price offered by MRS opposite the RCCG Camp Ground. Before now, their prices were close to N900.
Heyden, known to be a partner of Dangote, had yet to lower its price, selling petrol at N875 per liter, while AP sold the product at N800 per litre. It was observed that Mobil filling stations along the Lagos-Ibadan Expressway sold petrol at N780; Akiavic, N799; Habeeb, N850; Eternal, N880; and Asharami, N890 per litre.
The fuel prices represent a significant reduction of about N100 or more compared to their previous price levels before Dangote dropped the price. However, The PUNCH reports that the reduction comes at heavy losses to both Dangote and the marketers competing with him.
Dealers suffer losses
Amid the intense competition, the Nigerian National Petroleum Company Limited also reduced petrol prices from N875 to between N825 and N840, depending on the location. The state-owned company is one of the biggest importers of petrol in November, according to a report by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
In the NMDPRA fact sheet, the NNPC, said to be the supplier of last resort, imported petrol in November to build inventory and further guarantee supply during the peak demand period.
However, at a landing cost of about N828 per litre, according to the Major Energies Marketers Association of Nigeria, importers like the NNPC would find it difficult to compete with Dangote’s N699 per litre ex-depot price and N739 per litre pump price, thereby selling the product below the landing cost.
Recall that the NNPC used to be the sole importer of petrol due to subsidies. As the Dangote refinery began petrol production a year ago, the sector was fully deregulated, and the queues that used to build up at NNPC stations because of price differentials vanished.
It was gathered that many NNPC stations in Lagos now struggle for customers who opt for lower petrol prices.
Meanwhile, as marketers said they were losing billions of naira, Dangote replied that he was also losing money. Findings show that petrol importers are on the verge of losing as much as N102.48bn monthly following the Dangote refinery’s reduction in gantry price.
At the same time, the refinery is projected to lose about N91bn in a month as a direct consequence of the price cut, underscoring the intensity of the competition currently reshaping Nigeria’s downstream oil market.
The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, earlier said, “Marketers will lose over N80bn on this reduction. We will lose more than N80bn. And now that this reduction is there, you will see that the pump price will start dropping gradually from N900 towards N750 per litre,” he said, adding that consumers would naturally flock to stations selling cheaper fuel.
Source: PUNCH
By Okey Maduforo, Awka
One person has been confirmed dead while three others sustained injuries following the collapse of a three-storey building in Oko, Orumba North Local Government Area of Anambra State.
The building, which reportedly housed students of the Federal Polytechnic, Oko, collapsed on Sunday night, trapping some occupants beneath the rubble.
The injured survivors were rescued and taken to Chukwuemeka Odumegwu Ojukwu University Teaching Hospital and St. Michael’s Hospital, Oko, where they are currently receiving treatment.
Meanwhile, the Anambra State Government has sealed off the site of the collapsed building, reaffirming its commitment to stricter enforcement of physical planning regulations and the elimination of unsafe construction practices.
The Commissioner for Physical Planning and Urban Development, Barrister Chijioke Ojukwu, said preliminary findings indicated structural failure as the likely cause of the collapse.
He announced the immediate closure of the site pending comprehensive investigations and structural integrity assessments.
Ojukwu said the incident would mark a turning point in the enforcement of building regulations across the state, warning that owners and developers of defective or non-compliant structures would face sanctions.
He added that ongoing construction projects would also be subjected to stricter inspections.
The Commissioner for Works, Arc. Okey Ezeobi, said technical investigations were ongoing to determine the exact cause of the collapse, adding that a team of professionals had been deployed to conduct a comprehensive structural evaluation.
Ezeobi assured residents that recommendations arising from the investigation would be implemented to strengthen the state’s building control system, prevent future occurrences and ensure that anyone found culpable is prosecuted in accordance with the law.
The Commissioner for Health, Dr Afam Obidike, said medical personnel and ambulances were immediately deployed to the scene to provide emergency care for the injured.
He said the Ministry of Health worked closely with other emergency response agencies throughout the rescue operation.
Obidike commended the swift and coordinated response of the Anambra State Government and emergency agencies, describing it as crucial to the rescue efforts and the timely medical treatment of the victims.
The Mayor of Orumba North Local Government Area, Rtd. Capt. Casmir Nwafor, also praised the rapid intervention of the state government and emergency responders, noting that their coordinated efforts helped contain the situation and minimise further risks.
Nwafor urged developers, property owners, institutions and residents to strictly comply with approved building regulations and safety standards, reaffirming the local government’s support for the enforcement of physical planning laws.
An eyewitness, Prince Ifeanyi Ezefunamba, said the building, reportedly occupied by students of the Federal Polytechnic, Oko, collapsed at about 10:00 p.m. after occupants heard cracking sounds and began evacuating.
He said one survivor, Miss Chioma Akabike, narrowly escaped moments before the building collapsed, while rescue operations commenced immediately.
A traveller who arrived in Abuja aboard an Enugu Air flight has praised the airline for its service, describing the flight as smooth, calm and comfortable despite unfavourable weather conditions.
The traveller, Wordshot Amaechi Ugwele, in a viral social media post said Enugu Air had become a source of pride for the South-East and had significantly improved connectivity between Enugu and other parts of Nigeria.
Ugwele said the airline’s expansion to destinations including Benin and Kano had made air travel more accessible to residents of the region.
He said, “Today, our people can also fly directly from Enugu to Kano, a travel convenience that would have seemed unimaginable not too long ago, until Enugu Air made it a reality.”
Ugwele also commended Enugu State Governor, Peter Ndubuisi Mbah, for what he described as his vision, meticulous planning and disciplined execution in driving development across the state.
According to him, the governor’s achievements in infrastructure, connectivity and economic transformation had contributed to Enugu’s emergence as one of Nigeria’s fastest-growing states.
He said the establishment and expansion of Enugu Air demonstrated the administration’s commitment to improving transportation and connecting Enugu with other parts of the country and beyond.
Prophetess Ezinne Nwanorue, a Nigerian preacher based in Canada, has sparked controversy online after appearing to celebrate the death of her mother-in-law in a social media post that has drawn widespread criticism.
The cleric shared the funeral poster of the deceased, Comfort Nwanorue, on Facebook on Monday, accompanying it with remarks in which she accused her late mother-in-law of being responsible for some of the challenges she had faced in the past.
Ezinne claimed she had endured years of spiritual attacks and persecution, saying she believed God had exposed those she held responsible for her struggles.
She also issued stern warnings to individuals she described as agents of evil, urging them to repent.
Her comments triggered a wave of reactions on social media, with many users criticising her for publicly expressing what they perceived as joy over the death of a family member.
The incident has also renewed public interest in Ezinne’s marriage to Franklin Nwanorue, which previously made headlines over a controversial fidelity oath he took before relocating to Canada.
Before leaving Nigeria, Franklin reportedly recorded a video in which he pledged to remain faithful to his wife, declaring that he should die if he ever cheated on her after relocating abroad.
However, Ezinne later accused her husband of violating the oath, alleging in a separate Facebook post that he had become involved with another woman despite his public declaration.
As of the time of filing this report, Franklin Nwanorue and other members of his family had yet to publicly respond to Ezinne’s latest social media post.
The detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has formally terminated the services of his longtime personal lawyer, Barrister Ifeanyi Ejiofor, directing him to stop representing him, his family or IPOB in any capacity.
In a letter dated July 22, 2026, and written from the Sokoto Correctional Centre, Kanu said Ejiofor’s engagement as his personal legal representative had previously been terminated verbally, adding that the latest letter served as formal written confirmation of the decision.
Kanu also withdrew any authority previously granted to Ejiofor to act for or represent IPOB, insisting that the lawyer no longer had any express, implied or ostensible authority to speak or act on behalf of the group.
Citing Section II, Subsection A of the IPOB Code of Conduct, Kanu said the power to appoint, suspend or dismiss principal officers rests exclusively with the IPOB leader unless expressly delegated.
He argued that no individual, committee or former office holder acting outside the provisions of the IPOB Code of Conduct could validly appoint or retain legal representatives for the organisation.
Kanu directed Ejiofor to immediately stop making public statements, granting interviews, issuing press releases or publishing social media posts on behalf of him, his family or IPOB.
He also instructed the lawyer to stop presenting himself as his legal representative or that of IPOB in any court, forum or public space, and to take the necessary legal steps to withdraw from any pending matters in which he remains counsel of record.
See also: Nnamdi Kanu engages new legal team as terrorism trial begins today
In the letter, Kanu warned Ejiofor against disclosing or misusing confidential information obtained during their lawyer-client relationship.
“Accordingly, I hereby place you on formal notice that you are not authorised to disclose, publish, communicate, exploit, or otherwise use any confidential or privileged information acquired in the course of your retainer, whether directly or indirectly, for any purpose whatsoever, except as required by law or by order of a court of competent jurisdiction, without my express written authorisation.
“Any unauthorised disclosure or misuse of privileged information may constitute professional misconduct and may give rise to disciplinary proceedings before the Legal Practitioners Disciplinary Committee, as well as any other remedies available under the law.”
Kanu further cautioned that any breach of client confidentiality or unauthorised disclosure of privileged information could amount to professional misconduct and attract disciplinary proceedings before the Legal Practitioners Disciplinary Committee (LPDC), in addition to other legal remedies available under Nigerian law.
I tightened the language, removed repetition and improved the flow while retaining the substance of the original report.
Rescue operations are ongoing following the late-night collapse of a three-storey building known as Elite Five Star Lodge, located beside Tonimas Filling Station in Amokpala, Oko, Orumba North Local Government Area of Anambra State.
The building collapsed on Sunday night, July 26, 2026, trapping some occupants beneath the rubble.
According to the Anambra State Police Command, a police-led joint security team was immediately deployed to the scene following a distress report.
The state Police Public Relations Officer, PPRO, SP Tochukwu Ikenga, disclosed this in a statement made available to newsmen on Monday.
Ikenga said, “On receipt of the distress report, the police, in collaboration with other security agencies, immediately mobilised to the scene, secured the area to prevent further danger, and coordinated rescue efforts.
“The Anambra State Fire Service and the Anambra State Emergency Management Agency (SEMA) also responded promptly and joined in the rescue operation.
“The Command notes that rescue operations are ongoing to reach other persons who may still be trapped, as the number of casualties or affected persons cannot yet be confirmed.
“Also, some injured victims have been rescued from the debris and evacuated to a hospital in Oko, where they are currently receiving medical attention.
“To this end, members of the public, especially residents in the area, are urged to remain calm, avoid spreading unverified information, and stay away from the scene to allow emergency responders unrestricted access.
“Further updates will be communicated as more verified information becomes available.”
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