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More trouble for Nigerians as fuel price hike imminent over rise in FX, oil price, Middle East

By Mario Deepromoter
There are strong signals that an increase in the price of Premium Motor Spirit (PMS), also known as petrol is imminent.
The anticipated hike, players note, is primarily driven by a rise in the exchange rate of the dollar to the naira, coupled with escalation in the global price of crude oil.
As these economic factors converge, consumers in Nigeria may soon face higher fuel costs, reflecting the interconnected nature of international markets and local economies.
The naira showed further signs of weakness last week, closing the market at N1,700 from N1,600 to $1, a development that is set to affect retail fuel prices.
Brent, the global benchmark for crude, hit $78.04 per barrel on Sunday, up from $74.05 per barrel on September 23, 2024.
More so, there are concerns that a widening regional conflict in the Middle East could disrupt global crude flows. Market fears are rising over the possibility that Israel might target Iranian oil infrastructure, which could provoke retaliation.
President, Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Mr. Billy Gilly-Harry, told Daily Sun that the hostilities in the Middle East will definitely impact petrol prices in the coming days.
He explained that, at the moment, vessels are changing their routes as a result of the crisis in the Middle East, thereby causing an increase in shipping costs, which will subsequently impact prices.
“As an association, we have taken cognizance of the impact of this crisis on fuel costs, and I can tell you categorically that this will lead to an upward review of fuel prices. Certainly, the landing cost of fuel will go up. But what I cannot say is what that cost will be,” he said.
Chief Executive Officer of Pinnacle Oil and Gas Limited, Mr. Robert Dickerman, said the global market price for any oil commodity is dollar-based and must be converted to naira at the naira/USD exchange rate.
He added that the large majority of price increases we have seen in the past year are not because of government policies, price gouging, or product hoarding, nor are they due to an increase in the price of crude oil, but are due to the fall in the value of the naira.
“Every drop in naira value raises the cost of anything imported or market-priced, whether it is gasoline, manufactured goods, or food,” he said.
Dickerman said Nigeria must address the root of the problem, which is how to restore global confidence in Nigeria’s economy and currency, create foreign investment in jobs and local production, increase tax revenue, and achieve fiscal prudence, saying that is the only way to lower petroleum product prices in Nigeria.
The impending fuel price hike, according to industry observers, may have forced the Nigerian National Petroleum Company (NNPC) Ltd to shut its petrol payment portal against fuel marketers.
Spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. Chinedu Ukadike, said that marketers have more than 2,000 pending tickets for the purchasing of 45,000 litres of petrol, warning that the situation may lead to another round of fuel scarcity nationwide.
“I can’t confirm the price now because the portal is still shut down.
“We have more than 2,000 tickets for 45,000 litres (of petrol). That is 45,000 multiplied by 2,000; you can now know the number of million litres it will be. This is just an estimate; you know I don’t work with NNPCL, and I don’t know what is on their system.”
He added that a 45,000-litre truckload of PMS is around N39.5 million, making N79 billion when multiplied by 2,000.
Some of the marketers at the Apapa depot who spoke in confidence expressed concerns that the development could hamper the fragile fuel distribution chain, leading to shortages in the weeks ahead.
They said any disruption in the fuel supply chain is a potential threat for a fuel crisis and therefore called on all relevant stakeholders to address whatever challenges that may want to rear their ugly heads.
But in a separate reaction, the National Vice President of IPMAN, Mr. Hammed Fashola, in a telephone interview with Daily Sun on Friday, said there is no cause for worry, assuring that as long as the tickets which are already in the custody of NNPC Ltd are being serviced, there would be no disruption.
He maintained that the portal closure against fresh payment by NNPC Ltd was taken in the best interest of the market, saying there was no point in holding on to the business funds of marketers when there was a backlog to clear.
“It is better to allow the funds to be in the hands of marketers to enable them to use it for other things, rather than holding on to it when there won’t be immediate supply.”
In his reaction, the spokesperson of NNPC Ltd, Mr. Olufemi Soneye, who confirmed the shutdown of the portal, assured stakeholders that it would be opened as soon as they clear the backlog.
He said that the portal closure was intended to prevent the company from holding marketers’ funds for an extended period.
“We have a significant backlog to address. The closure is intended to prevent us from holding marketers’ funds for an extended period.
Credit: Daily Sun
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New NUJ FCT Officers Urged to Uphold Welfare, Integrity and Transparency

By Gloria Ikibah
Chairman of the Nigeria Union of Journalists (NUJ) in the Federal Capital Territory (FCT), Comrade Grace Ike, has charged newly elected executive members to prioritise journalists’ welfare and uphold values of accountability, integrity, and professionalism.
Speaking after the swearing-in of the new officers on Saturday, Comrade Ike reminded them that service in the union demands unity, transparency, and a firm commitment to ethical journalism.
“This union stands on the pillars of welfare, integrity and professionalism. You have been chosen to serve, not to be served,” she said.
The by-election, held to fill three vacant positions unoccupied since the last NUJ-FCT elections on December 4, 2024, saw 54 accredited members cast their votes in a peaceful atmosphere.
Comrade Sharon Emephia of the Correspondents Chapel emerged as Assistant Secretary with 52 votes, while Comrade Daniel Henry Abimiku from the Information Chapel secured the Financial Secretary position with 52 votes as well, and Comrade Ukoko-Tega of Aso Radio/TV Chapel was elected Internal Auditor, also polling 52 votes. A few ballots were declared invalid in each category.
Chairperson of the election committee and Chairman of the National Association of Women Journalists (NAWOJ), Comrade Bassey Ita Ikpang, announced the results alongside committee members Comrade Tony Akowe and Comrade Nkechi Onyeneke. The winners were administered the oath of office by Barrister Ehidiamen Isibor and issued certificates of return.
Comrade Ike commended the electoral committee for conducting a transparent process and thanked union members for their active participation. She officially dissolved the committee following the successful completion of its assignment.
The current leadership of the NUJ-FCT also includes Vice Chairman Comrade Ndambabo Yahaya, Secretary Comrade Jide Oyekunle, Treasurer Mrs. Sandra Udeike, and Ex-Officio member Comrade Ebriku John Friday.
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Trouble brewing as Trump’s supporters move against Pope Leo, give reason

Catholicism has rarely been more prominent in US politics as the Trump administration openly embraces advisers and officials who proudly say faith has shaped their politics.
But any jubilation on the American Make America Great Again right about the new Pope this week quickly dissipated as key voices from Donald Trump’s Maga movement came to a disappointed conclusion: the first American Pope does not appear to be “America first”.
Little is known about the political leanings of Pope Leo XIV, born Robert Francis Prevost in Chicago.
He has voiced concerns for the poor and immigrants, chosen a name that may reference more liberal church leadership, and he appears to have both supported the liberal-leaning Pope Francis and criticised the US president’s policies on social media.
But the president so far has said only that Leo’s election was a “great honour” for the US. Still, some of Trump’s most prominent supporters were quick to attack Pope Leo, lambasting him as a possible challenge to Trump and on the perception that he will follow Pope Francis in areas like immigration.
“I mean it’s kind of jaw-dropping,” Trump’s former chief strategist Steve Bannon told the BBC on Friday, speaking of Leo’s election.
“It is shocking to me that a guy could be selected to be the Pope that had had the Twitter feed and the statements he’s had against American senior politicians,” said Bannon, a hard-right Trump loyalist, practising Catholic and former altar boy.
And he predicted that there’s “definitely going to be friction” between Leo and Trump.
The Pope’s brother, John Prevost, told The New York Times that he thinks his brother would voice his disagreements with the president.
“I know he’s not happy with what’s going on with immigration,” he said. “I know that for a fact. How far he’ll go with it is only one’s guess, but he won’t just sit back. I don’t think he’ll be the silent one.”
Recent survey data shows that about 20% of Americans identify as Catholic, according to the non-partisan Pew Research Center.
About 53% identify with or lean towards the Republican Party, though there’s plenty of nuance, too: America’s two Catholic presidents, John F Kennedy and Joe Biden, were both Democrats. And nearly two-thirds of US Catholics believe abortion should be legal in all or most circumstances – a departure from the Church’s current stance.
US Catholics also broadly supported Pope Francis: 78% of those surveyed in February viewed him favorably, including a majority of Catholic Republicans.
A number of Catholics In the new Pope’s home city of Chicago, on Thursday, aired disappointment with President Trump and said they hoped Pope Leo XIV would follow the path of his predecessor.
“We hope he’ll continue with Francis’s agenda going forward,” said Rick Stevens, a Catholic deacon from New Jersey who happened to be visiting Chicago when he heard the news.
The US Conference of Catholic Bishops, which leads and coordinates US Catholic activities, celebrated Pope Leo’s election and the message it sends.
“Certainly, we rejoice that a son of this nation has been chosen by the cardinals, but we recognise that he now belongs to all Catholics and to all people of good will,” the conference said in a statement. “His words advocating peace, unity, and missionary activity already indicate a path forward.”
Though Maga supporters represent a small subset of US Catholics, it’s one with outsized access to conservative media and Trump’s ear.
On Bannon’s War Room podcast – known for its hard-right, pro-Trump bent – one guest after another heaped criticism on the new Pope.
“This guy has been massively embraced by the liberals and the progressives,” said Ben Harnwell, a journalist who led Bannon’s efforts to establish what he calls a “gladiator school” for the “Judeo-Christian West” outside of Rome.
“He is one of their own… he has [Pope] Francis’s DNA in him,” Harnwell said.
Jack Posobiec, another Maga commentator dialing in from Rome, was blunt: “This choice of the American cardinal was done as a response, as a message to President Trump.”
The full picture of what led to Pope Leo’s selection on Thursday is still emerging and church decisions don’t map neatly onto US politics. Still, watchers around the world have pored over Pope Leo’s social media profiles in search of clues about his leanings and beliefs.
An X account under his name, with tweets going as far back as 2015, shares links to criticism of Trump’s approach to immigration and hints at other political views, such as stricter gun control.
In February, the account sharply rebuked the US vice-president by posting a link to an opinion piece titled “JD Vance is wrong: Jesus doesn’t ask us to rank our love for others”.
The account also posted a link to a letter from Pope Francis after he clashed with Vance over church doctrine and immigration. Vance – a Catholic convert – had given an interview in defence of the Trump administration’s immigration policies.
Vance has routinely invoked his faith in defense of the administration, particularly immigration policies, which the White House has said put “America first”.
“There is a Christian concept that you love your family and then you love your neighbour, and then you love your community, and then you love your fellow citizens, and then after that, prioritise the rest of the world. A lot of the far left has completely inverted that,” Vance told Fox News.
But US Democrats were not spared either on the account, which has more than a decade of posts. They appear to support Catholic employers who refuse to pay for contraceptives via employee health plans, and following the 2016 US presidential election, one post links to an article accusing Democrat Hillary Clinton of ignoring pro-life Catholic voters.
The BBC asked the Vatican to confirm the account was Leo’s, but did not receive a response.
Vice-President Vance told conservative broadcaster Hugh Hewitt on Friday: “I try not to play the politicisation of the Pope game.
“I’m sure he’s going to say a lot of things that I love. I’m sure he’ll say some things that I disagree with, but I’ll continue to pray for him and the Church despite it all and through it all, and that’ll be the way that I handle it.”
The new Pope’s LGBTQ views are also unclear, but some groups, including the conservative College of Cardinals, believe he may be less supportive than Pope Francis.
Matt Walsh, a commentator with the conservative Daily Wire, wrote: “There are some good signs and bad signs with this new Pope. I want to see what he actually does with his papacy before I pass any kind of judgment.”
But some of the most dedicated Maga supporters already have made up their minds.
Laura Loomer, a far-right influencer who has Trump’s ear, swaying the president on top personnel decisions, called the new Pope “anti-Trump, anti-Maga, pro-open Borders, and a total Marxist like Pope Francis”.
Bannon, who had suggested Leo as a dark horse for the papacy, predicted tensions between the White House and Vatican – and said they could even tear apart American Catholics.
“Remember, President Trump was not shy about taking a shot at Pope Francis,” he said.
“So if this Pope – which he will do – tries to come between President Trump and his implementation of the mass deportation programme, I would stand by.” BBC
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Digital Shift in National Assembly No Longer Optional – CNA Ogunlana

By Gloria Ikibah
The Clerk to the National Assembly, Kamoru Ogunlana, has stressed the urgent need for the Nigerian Parliament to adopt digital technology, describing it as a necessity in today’s world rather than a choice.
Ogunlana made the remark during his opening address at a three-day retreat organised by the National Assembly in partnership with the Policy and Legal Advocacy Centre (PLAC). The event, which began on Friday, was supported by the UK Foreign, Commonwealth and Development Office (FCDO), and held under the theme “Building an Accountable, Transparent and Resilient Parliament: The Role of the National Assembly Top Management.”
According to him, “the use of technology in the Nigerian Parliament is not an option but a necessity,” especially as legislative processes around the world are becoming increasingly digital.
He pointed out that the retreat’s theme directly addresses the ongoing shifts and demands within the National Assembly, offering a critical moment to rethink approaches, plan strategically, and implement meaningful reforms.
“This presents a vital opportunity to reflect, strategize, and lay actionable plans that will shape the future of the National Assembly Service,” Ogunlana stated.
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