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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.
The OK Movement has celebrated with the Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, on his 65th birthday anniversary.
In a post on its verified X handle on Sunday, the movement described Obi as a rock that refuses to bow.
It also described the 65th birthday anniversary of the former Anambra State governor as not merely by age but courage and principle.
“At 65, the Rock stands taller. Not merely by age, but by courage. Not by power, but by principle.
“Okwute is not just a name, it is a symbol. A rock that refuses to bow, a rock strong enough to pull down the structures of criminality, corruption, and hopelessness.
“While others bend with the winds of convenience, the Rock remains unmoved, reminding a nation that integrity still has a face.
“Happy 65th Birthday, His Excellency Mr. Peter Obi. May the Rock continue to inspire hope until Nigeria stands on a firmer foundation. Happy Birthday, Okwute for Nigeria. Nigeria will be OK,” the movement wrote.
OK Movement comprises supporters of Obi and his running mate for the forthcoming 2027 general elections, Rabi’u Kwankwaso.
Daily Post
The presidential candidate of the Nigeria Democratic Congress NDC, Peter Obi, on Sunday visited St. Raphael Hospital in Umueri, Anambra State, where he donated ₦10 million to support medical services as part of activities marking his birthday.
Obi’s visit to the hospital was captured in a video on X where he was accompanied by priests as he interacted with hospital staff and members of the community.
The former Anambra State governor also participated in group photographs and presentations during the visit, which was warmly received by hospital officials and residents of the area.
The donation is the latest in Obi’s series of philanthropic interventions in the healthcare sector. He has in recent months made financial contributions to medical facilities in Enugu and other parts of the country, aimed at improving access to quality healthcare services.
Obi has consistently emphasised the importance of investing in healthcare, education, and other critical sectors as part of his broader commitment to national development.
Senior Advocate of Nigeria (SAN), Mrs. Oyinkansola Badejo-Okusanya, has emerged as the 33rd President of the Nigerian Bar Association (NBA), becoming the second woman to lead the legal body in its over six-decade history.Executive Branch .
Badejo-Okusanya emergence marks a major milestone for the association, as she is the first woman to be elected NBA president since Mrs. Priscilla Kuye served from 1991 to 1992.
Badejo-Okusanya emerged victorious in the NBA’s 2026 national officers’ election after defeating two other Senior Advocates of Nigeria in a closely contested poll.
The Chairman of the Electoral Committee of the Nigerian Bar Association (ECNBA), Aham Ejelam, SAN, announced the results at the NBA National Secretariat in Abuja on Sunday after the election, which experienced delays caused by technical difficulties and a cyberattack.
According to the results, Badejo-Okusanya secured 12,317 votes, representing 47.18 per cent of the total votes cast, defeating her closest rival, Lateef Akangbe, SAN, who polled 7,934 votes (30.39 per cent).
The third candidate, Olumuyiwa Akinboro, SAN, received 5,855 votes, representing 22.43 per cent. Ejelam disclosed that a total of 26,106 votes were recorded during the election.
With her victory, Badejo-Okusanya will lead the NBA for a two-year term from 2026 to 2028. Other officials elected during the exercise include Oghenero Okoro as First Vice-President with 11,024 votes, Afam Okeke as General Secretary with 8,478 votes, Aghogho Gladys as Assistant General Secretary with 14,312 votes, and Chinelo Audrey Ofoegbunam as Welfare Secretary with 14,911 votes.
The president-elect was absent when the results were announced. Explaining her absence, a member of her campaign team, Aminu Gadanya, SAN, said she was delayed by flight issues but remained committed to uniting the association.
He said Badejo-Okusanya was prepared to extend a “handshake of friendship” to all aggrieved candidates in the interest of strengthening the unity of the Nigerian Bar Association.
Speaking after the announcement, the outgoing NBA President, Afam Osigwe, SAN, revealed that the election overcame attempts to disrupt the process, including a cyberattack that forced the electoral committee to migrate its ICT infrastructure to a more secure server.Executive Branch “Our colleagues planned to truncate the election, but we stood firm. Every effort to derail this process failed.
This is a trying time for the Bar. In the build-up to this election, many went to great lengths to rubbish the association,” Osigwe said.
He urged the newly elected officers to be gracious in victory while encouraging unsuccessful candidates to rally behind the new leadership.
“To those who won, be magnanimous in victory; for those who lost, there is always another day. The cyberattack shows that we must do more in data protection. Let us collectively do things in an acceptable manner,” he added.
‘Peter the Rock who refuses to bow’ – OK Movement hails Obi at 65
Just in : Obi Marks 65th Birthday With ₦10M Donation To Anambra Health -Care Facility
BREAKING: Badejo-Okusanya emerges as first elected female NBA President since 1960
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