News
NNPCL Speaks On Fuel Price Adjustment
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/02/NNPCL.jpg&description=NNPCL Speaks On Fuel Price Adjustment', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
The Nigerian National Petroleum Company Limited (NNPC Ltd), has said there is no fuel pump price adjustment.
Rumours had been rife that the fuel pump price had been adjusted. A platform has even carried a story: Breaking: NNPC Ltd adjusts pump price nationwide, as fuel price crashes.
Now sells petrol at N560 and diesel at N920. It also had the purported price template of NNPC Ltd as petrol 580, diesel 920, kerosene 000 and LPG 000.
But Chief Corporate Communications Officer, of NNPC Ltd, Olufemi Soneye, in a statement on Wednesday titled: ‘NNPC Limited Clarifies Price Adjustment Rumours,’ said the rumour is false.
Soneye said: “The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) (fuel) and Automotive Gas Oil (diesel) at its retail stations nationwide.
“The company asserts that these reports are false and urges Nigerians to disregard them entirely.
“NNPC Ltd reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country.”
News
Presidency queries Peter Obi over one term agenda
Presidential Adviser on Information and Strategy, Bayo Onanuga, has queried the credibility of former Labour Party presidential candidate, Peter Obi’s promise to serve only one term if elected president.
Onanuga referenced Obi’s political history, alleging that the former Anambra State governor had previously pledged loyalty to the All Progressives Grand Alliance, APGA, before later leaving the party.
The presidential aide further alleged that Obi had moved across different political platforms over the years.
In a post on his X handle, Onanuga said “If you believe Peter Obi’s promise to serve only one term as president, you’ll believe anything.
Consider his record: while in APGA, he famously placed himself under a self-curse, vowing never to leave the party that made him governor. He gave his word to the Ikemba, even on his deathbed, swearing loyalty and fidelity to APGA.
“By his own actions, Peter Obi has shown that his word cannot be trusted. His promises are as fleeting as his political allegiances.”
Recall that Obi had last week defected to the Nigeria Democratic Congress, NDC, alongside Rabiu Kwankwaso from the African Democratic Congress, ADC.
Observers see this move as an effort by the party to convince the North that Obi’s one term pledge would stand
News
PenCom scraps pre-approval for pension adverts by PFAs
The National Pension Commission (PenCom) has abolished the requirement for Pension Fund Administrators (PFAs) to obtain prior written approval before releasing advertisements and marketing campaign materials.
The new directive was contained in a circular dated May 8, 2026, and signed by the Director of the Surveillance Department, Abdulrahman Saleem.
According to the Commission, the policy takes immediate effect and replaces Section 6.3.1 of the Guidelines for the Operations of Pension Fund Administrators, which previously required PFAs to secure written approval before advertising or promoting their products and services.
PenCom said the decision was aimed at promoting operational efficiency, reducing bureaucratic delays and enabling quicker dissemination of information to potential clients.
The Commission stated that although prior approval is no longer mandatory, PFAs are still required to notify PenCom before deploying advertisements across broadcast, print, digital and outdoor media platforms.
“In furtherance of the Commission’s commitment to promoting operational efficiency, reduce bureaucratic delays, and quicker dissemination of information by PFAs to their potential clients, the Commission deems it necessary to allow PFAs to henceforth release their advertisement and media campaign materials without the prior approval of the Commission,” the circular stated.
PenCom, however, outlined strict compliance conditions that operators must meet before releasing promotional materials.
Under the new framework, PFAs are required to disclose the duration and timelines of advertisements and submit copies of creative materials before publication.
The Commission also directed operators to clearly define the target audience for each campaign and provide evidence of internal clearance from their Legal and Compliance departments.
It further stated that pension products or services being advertised must already have PenCom’s approval before they can be promoted to the public.
Despite relaxing the approval process, PenCom stressed that regulatory oversight remains fully in force.
The Commission warned that all advertising materials must be factual, verifiable and compliant with the Nigeria Data Protection Act (NDPA) 2023 as well as the Pension Reform Act 2014.
PenCom also prohibited the use of lotteries, prize draws and other inducements in pension advertisements.
In addition, the Commission banned misleading claims, unaudited financial references and deceptive fee disclosures in promotional campaigns.
PFAs were equally warned against using government symbols, public figures or institutional assets without proper authorisation.
The circular further directed pension operators to register slogans, taglines and promotional phrases with the national Trademarks Registry before deployment.
PenCom maintained that PFAs would remain fully responsible for all advertising content, including campaigns handled by third-party consultants, media agencies and digital influencers.
Industry stakeholders believe the latest move is part of broader reforms by the Commission aimed at streamlining pension administration and reducing delays within Nigeria’s Contributory Pension Scheme (CPS).
Last year, PenCom also eliminated the pre-approval requirement for several categories of retirement benefit payments, allowing PFAs to process and approve requests without seeking prior clearance from the Commission.
The reform, which took effect on June 1, 2025, was introduced to fast-track pension payments and improve service delivery to Retirement Savings Account holders.
News
Anambra Assembly confirms Soludo’s 18 commissioners
Anambra State House of Assembly has confirmed the 18 commissioner nominees earlier sent by Governor Chukwuma Soludo on May 4, 2026.
The list comprised second timers like the former commissioner for Information, Dr Law Mefor, to be in charge of Information and Value Reformation, former commissioner for Health, Dr Afam Obidike and Commissioner for Lands, Prof Offonze Amuchiazu, SAN
The others confirmed during plenary on Wednesday are Chief Ugoji Amedu for Culture, Entertainment and Tourism and Dr Clem Aguiyi for Environment
Others include ;
Agriculture — Dr. Ben Chuks Odoemena
Budget and Economic Planning— Mr Chukwukadibia Okoye
Education — Dr. Ekene Ogugua
Finance — Mr Izuchukwu M. Okafor.
Justice and Attorney-General — Barr. Tobechukwu Nweke, SAN
Local Government and Community Affairs— Barr. Vin Ezeaka
Petroleum and Mineral Resources — Prof. Charles Ofoegbu
Physical Planning and Urban Development — Barr. Chijioke Oseloka Ojukwu
Power — Engr. Casmir Chinenye Agummadu
Works and Infrastructure — Arc. Okey Ezeobi
Transport — Hon. Eddy Ibuzo
Women Affairs and Social Development — Mrs Esther Chinyere Onyekesi and
Youth Development and Sports — Mr. Patrick Agha Mba
They were confirmed exactly 3.38 pm by the Lawmakers, after the report presented by the screening committee, led by Hon Noble Igwe,(Ogbaru 1) constituency
Before discharging the new commissioners from the plenary, the speaker, Hon Somtochukwu Udeze, charged them to be prudent in the discharge of their duties.
“If Anambra is to be a destination, I want all of us to work together. It is a new beginning from today in the state. Leadership is a responsibility; as you assume office, it is on the table.
“Every decision you make, you must answer the question, ‘ How does it improve the lives of the people? You have to always make yourselves accessible to the people,” Udeze said.
Responding on behalf of other commissioners, Dr Law Mefor, thanked the Lawmakers and commended the governor, Prof Chukwuma Soludo, for finding them worthy of the positions.
He assured that they would not disappoint the people of the state in their new positions.
Meanwhile, Prof Soludo has sent a second batch of a new list to the Assembly for confirmation
The additional Commissioner-nominees are Arc. Henry Arinze – Commissioner Designate For Housing; Mr Nonso Chukwuma Ebonwu – Commissioner Designate for Commerce, and Dr. Ezeaka Augustine Uwaeme – Executive Secretary, Anambra State Health Insurance Agency (ASHIA)
The new names were read by the speaker, Hon Somtochukwu Udeze, during Wednesday’s plenary and referred the new list to the Committee on Screening and Election Matters.
-
News18 hours agoJust in: EFCC Nabs Tinubu’s Aide Over Alleged N500Bn Fraud
-
Entertainment18 hours agoAlexx Ekubo: Family Finally speaks, issues statement
-
Entertainment23 hours agoAll you need to know about popular movie star, Alexx Ekubo
-
Politics9 hours agoNWC approves PDP 2026 gubernatorial aspirants screening C’ttee (List attached)
-
Sports9 hours agoCAF Introduce New Rules After Controversial AFCON 2025 Final
-
Economy9 hours agoNo delay at ports, Apapa Customs comptroller warns officers
-
Sports9 hours agoLaLiga: Mourinho’s Return To Real Madrid ‘In Final Stages’
-
Entertainment9 hours agoAlleged extra marital affair: Court orders VeryDarkMan to pay Mr Jollof’s wife N30m for defamation
