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PMS price hike: Tinubu summon Lokpobiri, NNPCL MD, NSA
By Francesca Hangeior.
President Bola Tinubu has directed his deputy, Senator Kashim Shettima to summon the Minister of State, Petroleum, Heineken Lokpobiri, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari and the National Security Advisor, NSA, over the recent increase of petrol pump price and the scarcity of the product in different parts of the country.
Also at the meeting was the Executive Director of Nigeria Mainstream, Downstream Petroleum Regulatory Authority (NMDPRA) Kalu Okuoha.
Speaking to State House correspondents after the meeting with the Vice President, Lokpobiri said “We were summoned by the Vice President who was directed by Mr. President to summon this meeting and we have been with him to brief him about what is going on across the country.
“The Vice President summoned us and we’ve been with him to brief him about what is going on across the country. And what is important is for us to convey to Nigerians that the President is empathetic about what is going on in the country. He is concerned about the hardship of Nigerians, and that was why he directed the Vice President to call this meeting, for us to reflect on what is going on in the country.
“What is important is that products are available in the country, and we believe that between now and the weekend, there will be availability of products across the length and breadth of the country.
“The price could be high in some other areas, much higher in some other locations, and in some locations, much more than you know other areas.
“But we believe that by the time there is availability of products across the country, the price itself will stabilise.
“But what is important is that the government is not fixing prices. This sector is deregulated. And we believe that with the availability of products, the price will find its level. And this is important for Nigeria to know.
“The summary is that the President is empathetic about what’s going on. That’s why he directed this meeting. There is enough product in the country to be able to meet the demands of Nigerians. There should be no panic buying. And we also believe that Nigerians need to know that the government is not fixing prices. That is what I want to convey to Nigerians.”
The Executive Director of NMDPRA, Kalu Okuoha, while briefing also said, “All regulatory efforts are now geared towards stabilizing supply, with a resultant impact that it will be positive also on the stability of price.
“To that objective, the regulator is ensuring that there are increased operating hours from all loading depots; vessels are being cleared promptly and extended hours where safety can permit for truck-outs as well. More important also is the reinforcement of the support being given to local refiners because with increased production from them, we, indeed, like the minister, has said, there will be a higher supply, which will stabilize the price. That’s the effort that the regulator is making.”
President Bola Tinubu has approved a fresh set of appointments across critical institutions in Nigeria’s education sector, reinforcing leadership in examination bodies, technical education, and national library services.
The appointments were confirmed in an official statement issued by the Presidency on Wednesday.
New and Renewed Appointments
Among those appointed is Modupe Adeola Adelabu, who will serve as Chairman of the Governing Board of the National Examinations Council.
Ibrahim Dantani Wushishi has been retained as Registrar and Chief Executive of NECO, ensuring continuity in the management of the national examination body.
In the technical education space, Babatunde Salako has been appointed Chairman of the Governing Board of the National Board for Technical Education.
Meanwhile, Idris Bugaje has been reappointed as Executive Secretary of NBTE for a second and final five-year term.
Polytechnic and Library Leadership
The President also approved the appointment of Bongfa Binfa as Rector of the Federal Polytechnic, N’yak-Shendam in Plateau State, where he will serve a five-year tenure.
Additionally, Chinwe Veronica Anunobi has had her tenure renewed as Director-General/Chief Executive of the National Library of Nigeria for a final five-year term.
Focus on Continuity and Stability
The mix of fresh appointments and renewals suggests a strategy aimed at maintaining stability while strengthening leadership across key education agencies.
Observers say such decisions are critical to sustaining reforms, improving institutional performance, and ensuring continuity in policy implementation within the sector.
The Supreme Court has reserved its judgment regarding an appeal filed by the Peoples Democratic Party (PDP) to reinstate its national convention, which was previously nullified by the Court of Appeal.
The convention in question took place on November 15 and 16, 2025, at the Lekan Salami Stadium in Ibadan, Oyo State.
A five-member panel of Justices, led by Justice Lawal Garba, announced that a date for the final ruling would be communicated to all parties involved.
This decision followed the adoption of written briefs by legal representatives for and against the appeal.
The Tanimu Turaki-led faction of the PDP is urging the apex court to set aside the lower court’s decision, which invalidated the Ibadan convention.
The faction maintains that the dispute is an “internal party affair, which is not justiciable,” and argues that all necessary legal procedures were followed during the event.
However, previous rulings from the Federal High Court and the Court of Appeal favored aggrieved members, barring the Independent National Electoral Commission (INEC) from recognizing the convention’s outcomes and restricting access to the party’s national secretariat.
The legal trouble began in October 2025, when Justice James Omotosho of the Federal High Court stopped the convention from proceeding.
The judge ruled that the party had failed to conduct valid state congresses as required by the 1999 Constitution, INEC guidelines, and the PDP’s own constitution, stating that the party must comply with “relevant statutory provisions including the Electoral Act and Regulations and Guidelines for Political Parties (2022).”
A second major blow came from Justice Peter Lifu, who ordered the party to halt the convention after a suit was filed by former Jigawa State Governor, Sule Lamido.
Lamido alleged he was unfairly excluded from the chairmanship race. Justice Lifu noted:“The evidence before the court established that Lamido was unjustly denied the opportunity to obtain a nomination form to contest the position of national chairman of the party, in violation of the PDP constitution and its internal regulations.”
On November 14, 2025—just one day before the event—Justice Lifu issued a final order restraining the party from moving forward, holding that the PDP had failed to “afford a former governor of Jigawa State, Sule Lamido the opportunity to prepare and contest as a chairmanship candidate.”
With the Supreme Court now set to have the final say, the PDP remains in a state of legal uncertainty as it awaits the verdict that will determine the legitimacy of its current national leadership.
The Central Bank of Nigeria (CBN) has alerted members of the public to the
circulation of fraudulent messages, emails, and online communications purporting to originate from or be associated with the Apex Bank.
CBN in a statement issued and signed by Hakama Sidi-Ali (Mrs.) Ag. Director, Corporate Communications, noted that such communications and messages are intended to misinform members of the public.
“These fraudulent messages, which prompt recipients to click links, peddle false
information about the Bank’s leadership, licensing, and policy issues, are intended to hack personal accounts”.
The Bank cautioned that the official website of the Central Bank of Nigeria remains www.cbn.gov.ng. and warned Members of the public to strongly: Refrain from clicking links or sharing personal information on suspicious
websites, should Verify the authenticity of all CBN communications through the official website and recognised media outlets and: Report any suspected fraudulent site, email, or message to law enforcement authorities.
The CBN stated that it remained fully committed to safeguarding the Nigerian financial system and continues to strengthen its cybersecurity frameworks in collaboration with relevant agencies
to protect the public against digital fraud.
BREAKING: Tinubu endorses six new appointments in education sector
PDP leadership tussle: Supreme Court takes major position
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