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Just in: Again, NNPC Reportedly Reduces Petrol Price
The Nigerian National Petroleum Company Limited has reduced its ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from N1,020 to N899 per litre.
This decision, coming days after the Dangote Refinery reduced its price to N899, was confirmed by the Petroleum Products Retail Outlets Owners Association of Nigeria in a statement released on Saturday.
The statement signed by the association’s National Public Relations Officer, Dr Joseph Obele, and quoting a document released by NNPCL’s Commercial Department indicates a reduction based on the regional pricing scheme.
The price indicated that marketers would buy the product at N899 per litre, matching the price offered by the Dangote refinery a few days ago.
Marketers purchasing from Warri, Oghara, Port Harcourt and Calabar will, however, pay N970 per litre to offtake products.
The statement read, “The Nigerian National Petroleum Company Limited has taken a significant step in response to the competitive impact of deregulation in the downstream sector.
“The company recently reduced the ex-depot price of Premium Motor Spirit from N1,020 to N899 per litre.
“The price reduction by NNPCL is seen as a response to the competitive impact of deregulation, which has led to increased competition in the downstream sector.”
Obele noted that the price reduction by the national oil firm is seen as a response to the competitive impact of deregulation, which has led to increased competition in the downstream sector.
He also expressed optimism that PMS prices will drop further before the end of January 2025, given the global decline in crude oil prices and the naira’s recent gain against the dollar.
Obele described the trend as a price war while he emphasized that the price reduction by Dangote Refinery and NNPCL demonstrates the benefits of competition and advocates for the immediate privatization of government-owned refineries.
The move is expected to spark a price war among oil marketers, ultimately benefiting consumers.
However, the NNPCL spokesperson, Femi Soneye, is yet to confirm this development.
Reacting to this development, the National President of PETROAN, Billy Harry, said the price reduction is a welcome development that will bring relief to motorists and Nigerians during the holiday season.
He said, “The reduction in PMS price by NNPCL is a demonstration of the company’s commitment to making petroleum products more affordable for Nigerians.
“We commend NNPCL for responding to our call for affordable PMS prices.”
He also listed the benefits of the price reduction to consumers, including “Reduced transportation costs: With lower PMS prices, motorists will spend less on fuel, leading to increased disposable income.
“Increased economic activity: Lower fuel prices will stimulate economic growth by reducing production costs and increasing demand for goods and services.
“Improved standard of living: The price reduction will lead to a decrease in the cost of living, enabling Nigerians to afford necessities and enjoy a better quality of life.”
Harry also commended Dangote Refinery for its earlier price reduction, which he said had helped to stimulate competition in the downstream sector.
The PETROAN national official also hinted at a report submitted by PETROAN’s technical pricing team, warning that competitive pricing can lead to compromised product quality.
He further urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority to ensure compliance with quality assurance standards.
“PETROAN is calling on the Nigerian Midstream and Downstream Petroleum Regulatory Authority to ensure compliance with quality assurance standards which may arise due to competitive pricing,” he added.
The Rivers State Sole Administrator, Vice Admiral Ibok-Ete Ibas (retd.), has replied to the Nigerian Bar Association regarding the reason for relocating its Annual General Conference from Port Harcourt to Enugu State.
Ibas faulted the reason cited by the NBA, describing it as misleading and uncharitable.
The Sole Administrator stated this in a statement issued in Port Harcourt on Monday by his media aide, Hector Igbikiowubo, and sent to newsmen.
He said while the NBA reserves the right to choose a venue for its conference, the association had yet to address the issue of the refund of the hosting rights paid by the state government for the conference.
The statement partly reads, “While we respect the NBA’s right to choose its conference venues, we find it curious that the association—despite its “principled position”— didn’t address the refund of the N300 million already paid by the Rivers State Government for the hosting rights of the 2025 conference.
“If the NBA truly stands on principle, it should demonstrate the same integrity by promptly returning these funds rather than benefiting from a state it now publicly discredits.”
It added, “The attention of the Rivers State Government has been drawn to the Nigeria Bar Association’s announcement dated 10th April 2025, relocating its 2025 Annual General Conference from Port Harcourt to Enugu.
The statement partly reads, “While we respect the NBA’s right to choose its conference venues, we find it curious that the association—despite its “principled position”— didn’t address the refund of the N300 million already paid by the Rivers State Government for the hosting rights of the 2025 conference.
“If the NBA truly stands on principle, it should demonstrate the same integrity by promptly returning these funds rather than benefiting from a state it now publicly discredits.”
It added, “The attention of the Rivers State Government has been drawn to the Nigeria Bar Association’s announcement dated 10th April 2025, relocating its 2025 Annual General Conference from Port Harcourt to Enugu.
By Francesca Hangeior
The Federal Government has unveiled the second phase of its contactless biometric passport application system across its four missions in United States, Mexico, Jamaica and Brazil.
The Nigeria Immigration Service NIS disclosed this in a tweet on its ‘X’ handle signed by Service Spokesman, ACI AS Akinlabi.
The statement reads; “ain continuation of the phased Roll-Out of the Contactless Biometric Passport Application System across Nigerian Missions abroad, the Nigeria Immigration Service under its
Comptroller General, Kemi Nanna Nandap wishes to inform the General public especially Nigerians in the Diaspora that it is implementing the next stage of the roll-out across the following countries.
“The Application System, which is currently available on Google Play Store (NIS Mobile), is designed to allow Nigerians to renew their passports without visiting any Passport Centre for Biometrics enrollment. The Apple Store version will be onboarded shortly and an enhanced version of the NIS Mobile App for both Android and iOS users will be deployed to further improve users’ experience and accessibility.
“With this roll-out, the Service further informs the General public that the Contactless Passport App is now available in Canada, the USA, Mexico, Jamaica, Brazil, Europe, and Asia. It is yet to be rolled out in Australia and Nigeria, a future date will be announced for both countries in due course.
“The Service remains committed to innovative and efficient Service Delivery to Nigerians anywhere in the world”.
By Francesca Hangeior
At least eight of the 1,800 candidates shortlisted for teaching positions under the Kwara State Teaching Service Commission have been disqualified after testing positive for banned substances.
This was disclosed in a statement on Monday by the TESCOM Press Secretary, Sam Onile, who quoted the Chairman of the Commission, Bello Abubakar.
According to the statement, the disqualified applicants tested positive for drugs, including benzodiazepine, tramadol, cotinine, marijuana, and amphetamine.
The tests were conducted by the National Drug Law Enforcement Agency with support from the state government.
Abubakar said the affected candidates would be replaced by the next best-performing applicants from their respective local government areas.
“A major implication of this development is that the affected individuals will be replaced by the candidates who are next to them in performance from their respective local government areas,” the statement said.
“The idea is to send an unmistakable message about the state government’s zero tolerance for drug abuse. We have a duty of care not to expose little children to drug abuse under any circumstances.”
The TESCOM chairman praised AbdulRazaq for insisting on a merit-based recruitment process, noting that the governor had again demonstrated fairness and commitment to quality education in the state.
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