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Petrol: Marketers fret as depot price rises to N710/litre in Lagos
Independent petroleum marketers have expressed concern over the rising price of Premium Motor Spirit, PMS, otherwise known as petrol, in private depots to N710 per litre.
With the increase, petrol pump prices at outlets operated by independent marketers also rose to between N730 and N750 per litre which has led to queues at some stations operated by major marketers and Nigerian National Petroleum Company Limited, NNPCL, where pump prices are cheaper at N610 and N568 per liter respectively.
A visit to the private depots in the Satellite and Apapa areas of Lagos showed that prices varied as the product were sold at between N701 and N735 per litre. The depots with the highest price include Bovas depot which sold petrol to independent marketers at N762 per litre followed by MRS depot with N735 per liter.
The lowest prices were at Rainoil depot at N705 per litre, Emadeb depot with N705 per litre, while depot owned by Eterna Oil and Sahara also known as Asharami depot sold at N701 per litre respectively.
One of the independent marketers who spoke on condition of anonymity stated “most major marketers own tank farms in Lagos and they buy directly from NNPC. Scarcity has eased out a bit because NNPC supply mainly to major marketers but we the independent marketers are struggling as we depend on these major marketers for products.
“The major marketers buy at NNPCL rate of N548 to N550 per litre and they sell to us at N705, the cheapest is N701 per litre. These major marketers have filling stations in Lagos and other states but in Lagos they sell in their various stations at N610 to N620 per liter.
“IPMAN stations in Lagos are struggling as we are unable to sell due to the price difference making the market highly competitive. Our people outside Lagos are the ones selling as they benefit from the high price that it’s being sold over there.
He noted “when we buy from these major marketers at N705 per liter, NUPENG will charge us per the number of liters we purchase and then we add transportation cost of N15 to our filling stations, the price at the pump will be sold at N740 to N750 per liter”
Meanwhile, in a telephone interview with Vanguard, the National President, Independent Petroleum Marketers Association of Nigeria, IPMAN, Alhaji Abubakar Migandi Garima, stated that the supply hitches witnessed in the past few weeks have eased, adding that the situation in the country has gradually improved as marketers have started lifting the products from NNPC depots.
“Some of our members have started direct purchase through NNPCL, but the allocation from them is very low and cannot sustain all our members, therefore we have to go through private deports and buy from them to augment our various stations. For our members that buy from the private deports, automatically the price will change at their stations as they sell at a higher rate compared to major marketers”.
By Gloria Ikibah
A Nigerian journalist, Livinus Chibuike Victor, has set a new world record after hosting interviews non-stop for 72 hours and 30 minutes in Abuja.
The record-breaking event which took place at Harrow Park Golf Club, started on Friday, April 17 and ended on Sunday, April 20, 2025. Livinus, who has worked in media for years, said the aim was to promote press freedom under the theme “Nigeria, Our Strength.”
Livinus is known in media circles for his bold reporting and commitment to stories that matter. He is passionate about mentoring younger journalists and often speaks out about the importance of a free press.
This new record beats the previous one of 55 hours and 24 seconds, set by fellow Nigerian Clara Chizoba Kronborg in Spain in March 2024.
According to those present at the event, Livinus remained focused and energetic throughout the marathon, drawing support from colleagues, fans, and well-wishers.
In the centre of Abuja, journalist Livinus Chibuike Victor spent three straight days interviewing Nigerians from all walks of life — from community leaders to regular citizens all sharing their stories. The goal was simple: use the platform to highlight the importance of press freedom.
“For democracy to work, people need access to real information. That only happens when journalists are free to do their jobs,” Livinus said during one of the sessions.
Preparing for the marathon wasn’t easy. Livinus trained for months — eating healthy, building stamina, and learning to stay mentally focused for long hours. A team of medics was on standby throughout the event, checking his vitals, managing his breaks, and making sure he stayed strong.
Support came from all corners. The NUJ FCT Council was there too, cheering him on. Chairperson Grace Ike described the effort as “bold and inspiring,” saying it reminded people of the important role journalism plays in building society.
By the time he wrapped up after 72 hours and 30 minutes, Livinus had broken the existing world record — but that wasn’t all. He also got people talking about the risks journalists face and why their work matters.
“This isn’t just about a record,” he said. “It’s about reminding people that our voices matter, and we need to protect that freedom.”
Now that it’s over, Livinus said he is thinking about his next big move, maybe even an interview session in Antarctica. But for now, he is just taking it all in and thanking everyone who stood by him.
Bolaji Adedotun Olanrewaju, popularly known as Big Bolaji, a Nigerian gospel singer, is died.
His family confirmed the unfortunate news in an official statement on Saturday.
Reports indicated that Big Bolaji slumped and died at the age of 50 at an event last night during a concert.
“It is with profound sadness that we announce the passing of Bolaji Olarewaju, affectionately known as ‘Big B,’ a cherished father, husband, brother, and an esteemed figure in both the church community, an ordained Pastor in the RCCG and a giant in the music industry and our community. Bolaji left us on Easter Saturday, 19th April 2025, after a brief illness,” the statement read.
“His departure leaves a void in our hearts that can not be filled.
“Bolaji’s life was a testament to his passion for music, his unwavering faith, and his dedication to uplifting those around him. His legacy is not only in the melodies he created but in the lives he touched and the unquantifiable joy he spread.”
They added, “We take solace in knowing that his absence with us is his presence with the Lord, and the indelible mark he left on all who had the privilege of knowing him will not be erased.
“As we navigate through this time of loss, we kindly request privacy to mourn as a family. We are deeply grateful for the outpouring of love and support we have received and ask that you continue to keep us in your prayers.”
The family also noted that funeral arrangements would be communicated at a later date.
“Details regarding the obsequies will be shared in due course as we come together to celebrate Bolaji’s remarkable life and legacy.
“Thank you for respecting our wishes during this incredibly difficult time.
“With gratitude,
“The Family of Bolaji Olarewaju,” the statement added.
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