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Fuel Prices Set to Drop as Global Crude Prices Fall

The recent decline in global crude oil prices could lead to a reduction in the price of premium motor spirit (PMS) in Nigeria. The Major Energies Marketers Association of Nigeria (MEMAN) reported that the estimated import parity of petrol dropped to N922.65 per litre, down from N943.75 just a few days earlier.
MEMAN also highlighted that the price of Brent crude was priced at $78.29 per barrel, falling from $78.88 the day before, with the exchange rate standing at N1,550 per dollar. On Monday morning, the price of Brent crude was further reduced to $78.01 per barrel, marking a decline from over $81 the previous week.
This shift comes only a week after Dangote Refinery raised its ex-depot price by 6.17%, citing the rise in global crude prices as the reason. The price hike saw Dangote’s gantry price jump from N899.50 to N950 per litre, pushing petrol prices at partner filling stations to N970 per litre.
Industry experts have suggested that if crude prices continue to drop, local petrol prices could follow suit. A source noted that just as fuel prices surged with the increase in crude prices, a decrease could now trigger a similar reduction in local prices.
The CEO of the Centre for the Promotion of Private Enterprise also pointed out that with Donald Trump’s presidency potentially boosting crude oil supply, a further reduction in global oil prices is possible, which could lead to cheaper petrol in Nigeria.
With the current price of petrol ranging from N965 to N1,150 per litre, any continued dip in crude prices could force Nigerian refineries and marketers to lower their prices to remain competitive in the deregulated market.
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A Chat with Janet Odio Okolo: A Mother’s Journey Raising a Child with Down Syndrome

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Hon. Nnamchi Begins Street Lights Deployment In Isi Uzo(Photos)

Honourable Paul Sunday Nnamchi, representing Enugu East/Isi Uzo Federal Constituency in the 10th House of Representatives, has fulfilled his promise to illuminate communities in Isi Uzo Local Government Area.
The lawmaker has just begun the deployment of high-density solar-powered street lights in Ikem Nkwo, marking the beginning of a massive rollout of the street lamps across the communities in Isi Uzo.
This initiative, which started in Enugu East Local Government Area in 2024, aims to support the fight against insecurity in the state which according to him was to add to what Chief Security Officer of Enugu State Barrister Peter Mba had done to secure the state to attracts foreign investments.
The lawmaker expressed concern over banditry attacks, particularly by herdsmen, in some communities within Isi Uzo and Enugu East Local Government Areas in the recent pasts.
He believes that illuminating these areas with high-density street lights would help address the insecurity adding that he was prioritizing border and farming communities in Isi Uzo, where banditry has displaced residents and restricted farming activities.
Communities in Ikem, Eha-Amufu in Isi Uzo which borders Enugu and Benue State and Ugwogo-Nike in Enugu East have been vulnerable to these attacks due to their strategic locations.
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May Day: Kalu Hails Workers, Applauds Their Role in Nation Building

By Gloria Ikibah
Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu, has extended warm wishes to Nigerian workers as the country marks the 2025 edition of International Workers’ Day.
Kalu praised workers across various sectors for their commitment and resilience, describing them as the engine that keeps the nation moving. He acknowledged their sacrifices and unrelenting drive, especially during tough economic times.
In his message, he highlighted the efforts of the current administration under President Bola Tinubu to improve the welfare of public servants. He referenced the National Assembly’s prompt backing of the new minimum wage as a sign of the government’s seriousness about workers’ wellbeing.
The Deputy Speaker appealed for continued patience and understanding from Nigerians, noting that the ongoing economic reforms, while challenging, are designed to bring long-term relief and prosperity.
Kalu also called for unity, and said the country can only overcome its present difficulties if citizens and leaders work together in good faith.
He therefore urged workers to keep the faith and remain steadfast in their duties, assuring them that brighter days are on the horizon, and wished Nigerian workers a peaceful and fulfilling May Day celebration.
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