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Petrol hits N955/litre as marketers, NNPCL raise prices
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Petrol prices rose again across major cities on Monday as the Nigerian National Petroleum Company Limited (NNPCL) and other oil marketers adjusted their pump prices upward in response to rising crude oil prices and continued pressure on the naira.
Checks across Abuja and Lagos showed that petrol now sells between N915 and N955 per litre, depending on location and station ownership. The NNPCL retail outlet in Nyanya, Abuja, now dispenses at N915 per litre, up from N865. Similarly, AA Rano’s station in Area 8, Garki, raised its pump price from N910 to N955, a N45 increase.
At Conoil in Abuja’s Central Area, the price jumped by N45 to N945, while TotalEnergies maintained its previous price of N929 per litre at its Zone 3, Wuse station. In Lagos, NNPC stations along Kudirat Abiola Way in Ikeja were seen selling at N915, a 5.17 per cent increase from the N870 per litre rate recorded briefly in March.
The hike follows recent adjustments at the Dangote Refinery, which raised its depot price in response to increasing international crude prices, prompting NNPC and other marketers to follow suit to remain competitive and avoid losses.
Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chief Chinedu Ukadike, attributed the development to market forces under Nigeria’s deregulated downstream sector. He said: “This is deregulation at work. Consumers should be used to this by now. The pump price is determined by a few factors. The most significant is the price of crude oil. Then you talk about exchange rate and other costs of operations.”
Industry analysts point to the escalating conflict in the Middle East, particularly between Israel and Iran, as one of the main triggers of the global price surge. Iran’s strategic role in global oil supply and its recent threat to shut down the Strait of Hormuz, a key shipping route, has heightened fears of a global oil shock.
Partner at Kreston Pedabo, Olufemi Idowu, warned that while the government may enjoy higher revenue from rising oil prices, downstream consumers would bear the brunt. “Dangote still buys at international price. That means the pump price of petrol is going to increase. So while the government may be celebrating more revenue, the impact on consumers may not be desirable,” he explained.
Nigerians may need to brace for higher petrol price in the days ahead as Irans’s parliament has approved the closure of the strategically crucial Starit of Hormuz, a vital waterway for global oil shipment.
Nigeria primarily sources its refined petroleum products from Netherlands and Belgium.
Meanwhile, United States President, Donald Trump, on Monday demanded that oil prices be kept down as they fluctuated while the world eyes Tehran’s response to US strikes on Iranian nuclear facilities.
“Everyone, keep oil prices down. I’m watching,” Trump wrote on his Truth Social platform minutes after Wall Street started trading, with major US indexes treading water.
Trump cautioned against “playing right into the hands of the enemy.”
Iran has vowed to retaliate after US air strikes on its nuclear facilities, and its options include closing the strategic Strait of Hormuz.
Experts say that for fuel prices to stabilise in Nigeria, the naira must strengthen, local refining must expand, and global oil tensions must ease. Until then, motorists and businesses alike may continue to grapple with unpredictable fuel costs.
News
NEMA urges flood-prone residents to relocate as rains intensify nationwide
The Director-General of the National Emergency Management Agency, Zubaida Umar, has urged residents of flood-prone communities across the country to heed early warning alerts and relocate to safer locations as the rainy season intensifies.
Umar advised in a statement issued by the agency’s Press Unit on Saturday, warning that the current period of heightened rainfall requires communities at risk to take proactive steps to protect lives and property.
According to the statement, the NEMA boss said the period of increased rainfall calls for the activation of community-level flood mitigation measures to reduce the impact of flooding.
She urged residents to heed early warning information issued by relevant government agencies and relocate to higher ground whenever there is a threat of flooding.
The statement read, “The current period of heightened rainfall calls for the activation of community-level flood mitigation measures to minimise the impact of flooding.”
Umar also cautioned members of the public against driving or walking through floodwaters, while urging them to refrain from dumping refuse into drainage channels.
She further advised residents to promptly report emergency situations to the appropriate authorities to enable a timely response.
The NEMA DG stressed that “preparedness and early evacuation remain the most effective ways of preventing avoidable loss of lives and reducing the impact of floods during the peak of the rainy season.”
She disclosed that the agency’s Zonal Directors and Heads of Operations Offices had been directed to intensify community-based awareness campaigns on flood preparedness nationwide.
According to her, the officials have also been mandated to strengthen collaboration with State Emergency Management Agencies, Local Emergency Management Committees, traditional institutions and other relevant stakeholders, as well as coordinate timely search and rescue operations where necessary.
Umar reaffirmed NEMA’s commitment to continuous monitoring of the flood situation nationwide. He pledged that the agency would continue working closely with relevant stakeholders to ensure timely response and the provision of humanitarian assistance to affected persons.
The latest advisory comes days after the Nigeria Hydrological Services Agency warned that 14 states could experience medium flood risk between July 14 and July 20, following its latest hydrological forecast. The agency identified Adamawa, Akwa Ibom, Anambra, Bauchi, Benue, Borno, Cross River, Edo, Enugu, Imo, Kaduna, Lagos, Niger and Plateau as states likely to experience localised flooding, urging residents in vulnerable communities to take precautionary measures.
Earlier, the Federal Ministry of Environment had also issued a flood alert for 26 states and the Federal Capital Territory, warning that heavy rainfall could trigger flooding in hundreds of communities. The ministry advised residents in flood-prone areas to remain vigilant, monitor official weather advisories and relocate where necessary to minimise the risk to lives and property.
News
Herdsmen seize mourning siblings, mother’s corpse in Benue
Three siblings travelling from Abuja to Benue State with the remains of their late mother have reportedly been abducted by suspected armed herdsmen along the Ogobia–Otukpo Road in Ohimini Local Government Area of the state.
The victims were said to have been kidnapped in the early hours of Saturday between Omutele and Ankpechi communities while transporting their mother’s body from Abuja to their hometown, Iklenyi in Okpokwu Local Government Area, LGA, for burial.
A source familiar with the incident said the family had encountered difficulties during the journey after their vehicle developed a mechanical fault, delaying their trip until the early hours of the morning.
“Even at about 2am they were still on the road because their vehicle had broken down. After repairing it, they continued the journey because they were determined to take their mother’s body home for burial,” the source said.
According to the source, the three siblings maintained contact with their relatives throughout the trip until they reached the stretch of road between Omutele and Ankpechi communities, where they were allegedly ambushed by armed men.
“It was the three of them travelling with the corpse of their mother. When they got to that area, the armed men abducted all three siblings and even took the corpse of their mother into the bush. As we speak, they are still being held,” the source added.
Describing the incident as heartbreaking, the source appealed to security agencies to intensify efforts to rescue the victims and recover the remains of the deceased.
“It is painful that a family already grieving the loss of their mother has been subjected to this ordeal. They kidnapped not only the children but also took the corpse of a dead woman. We appeal to the security agencies to act swiftly and ensure their safe rescue,” the source said.
Confirming the incident, the Chairman of Ohimini Local Government Area, Mr. Gabriel Adole, said he had received reports of the abduction and was on his way to the affected community to obtain firsthand information.
“I have been informed about the incident and I am heading to the area to ascertain exactly what happened,” Adole said.
The Benue State Police Public Relations Officer, DSP Udeme Edet, could not be reached at the time of filing this report.
News
UNICAL sacks eight over examination fraud, others
The University of Calabar has dismissed eight members of staff for various acts of misconduct, including examination malpractice, absenteeism, alleged fund diversion, result falsification and vandalism.
The university also sanctioned another staff member by delaying his promotion for two years over alleged negligence of duty and examination misconduct.
According to a statement issued on Saturday by the Registrar and Secretary to the Governing Council, Dr Icha Chukwuka, the decisions were taken at the institution’s 174th Governing Council meeting after consideration of disciplinary cases presented before the council.
According to the statement, Prof Emilia Oyira of the Department of Nursing Science was dismissed over alleged examination misconduct.
Four other academic staff members, Ukachukwu Darlington of the Department of Chemical Pathology, Akinrinade Ogunluyi of the Department of Microbiology, Dr Arum Nchekwube of the Department of Internal Medicine and Okoi Nyesam of the Clinical Medical Hostel were dismissed for alleged absenteeism and abandonment of duty.
The council also approved the dismissal of Mr Edet Okon of the Works Department over allegations of vandalising and carting away armoured cables belonging to the institution.
Similarly, Mr Eworo Ibor of the Department of Pure and Applied Chemistry was dismissed over alleged falsification and alteration of examination results.
Also affected was Mr Emmanuel Adariku of the University’s Alumni Relations Office, who was dismissed over the alleged unauthorised withdrawal of funds from the Friends of Malabor Alumni Trust Funds account.
In a related development, the Governing Council approved a two-year delay in the promotion of Dr Mathias Agba of the Department of Nursing Science.
The university also ordered the forfeiture of 50 per cent of his withheld salary over alleged negligence of duty and examination misconduct.
Reaffirming its commitment to discipline, the university management said it would continue to maintain zero tolerance for unethical conduct.
“The administration of the Vice-Chancellor, Prof. Offiong Offiong, remains committed to rebranding the institution on the foundation of integrity, excellence in service delivery and zero tolerance for all forms of unethical practices,” the statement added.
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