News
Why some stations sell petrol above N1,000/litre — Marketers

Marketers of petroleum products say filling stations still sell Premium Motor Spirit, otherwise called petrol, above N1,000 per litre because they have yet to sell out the old stock.
According to them, the old stock of PMS was bought at the rate of N970 and many still have the product in their tanks.
The PUNCH reported that on December 19, 2024, the Dangote refinery slashed the ex-depot price of its petrol from N970 to N899.50 per litre.
Similarly, the Dangote refinery announced its partnership with MRS Petrol station to sell petrol from its retail outlets nationwide at N935 per litre.
The President of Dangote Industries Limited, Aliko Dangote, clarified that the reduction in the price of PMS was primarily driven by the complex dynamics of market forces.
This generated what some called a price war in the downstream sector, forcing the Nigerian National Petroleum Company Limited to reduce its ex-depot price to N899 per litre.
Since the price cuts, NNPC retail outlets in Lagos and its environs have adjusted their pumps to N925/litre.
Similarly, some major marketers were forced to sell petrol below N1,000 a litre. Some sell at N990, N980, N950 or N935.
However, our correspondent observed that despite the price reduction, many filling stations are still selling a litre of petrol above N1,000.
In many filling stations in Lagos, Ogun and many other states, the price still goes for as high as N1,070 per litre.
Although some have effected some changes, they still sell around N1,050, N1,030, N1,010 or N1,000 per litre as of Wednesday.
The price disparity between these filling stations and those owned by major marketers has been blamed for the queues in the latter.
Speaking in an interview with our correspondent, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, said the marketers were still struggling with the old stock they bought at the old price.
Fashola maintained that the reduction cannot just take effect immediately.
“Some of our members have old stocks. So, there’s no way they can just start immediately. It’s only when they go back to the market to purchase at the lower price, then they will start selling at the new price. If you look around, as of yesterday, I see many of our members have come down to N940 or N935 in Lagos. So, by next week, you will see more of them. Once they finish with their old stock, they will start selling at the reduced rate,” Fashola stated.
According to him, marketers are aware of the competition out there and no one wants to be left behind.
“You cannot deceive yourself. This is competition. This is what we have been asking for. So, if you like, put your fuel at N1,500, nobody will buy it. So, it’s not deliberate. If you are still seeing a few of us that are still selling at N1,000, it is because of the old stock. Once they finish with their old stocks, they will start selling at the lower price,” he emphasised.
When Fashola was reminded that the filling stations would not have retained the old price if the price had gone up, he replied, “Well, as a businessman, your purpose is to remain in the business. So, if you make a huge loss, you can go down. That’s just it. It is natural.”
Nonetheless, the IPMAN Vice President maintained that a lot of marketers are now making losses due to the price reduction.
“Even at that, some of us still make losses. I can tell you that some people when their stock gets to a level that they can bear the loss, they will reduce their prices. I can take myself an example. Some of my stations yesterday, when we looked at our stock, maybe we had 20,000 litres in some of our stations, we calculated our losses and I thought it was minimal. So, we reduced our prices despite being the old stock.
“That’s the truth. That’s because people are running away. That’s the reality. Many of our members are doing that too. When they calculate the loss and they can bear this loss, they fix a new price,” he stated.
While acknowledging the positive impacts of deregulation, Fashola noted that there is also a negative effect to it.
“The negative effect of deregulation is like what we are just discussing. If you buy a product at maybe, N1,000 today, and tomorrow, the price goes down to N950. You’ve already recorded a N50 loss. You buy a product today from a depot and the following day, the price goes down. Have you finished that stock? It’s not possible. That is the negative aspect of it. Therefore, you have to be careful. You have to go with information before you make your purchases, even before you make your imports.
“And there are some factors you have to consider. That is the exchange rate and the crude oil price. Those are the major factors that determine the price of petroleum products. So, you have to be futuristic. You have to be able to project very well before you make your move. Otherwise, you enter into trouble. That is one of the negative aspects of deregulation. But, we have to cope with it,” he explained.
The marketer lamented that those in the business now face financial challenges following the removal of fuel subsidies.
As the price of PMS rose from N200 to N1,000 per litre, Fashola disclosed that marketers are finding it difficult to do business, especially as the interest rate rises monthly in banks.
“When you go to the bank, you know the interest you will pay. So, which way? We need more money to remain in business–more money, but with a little margin. This is really impacting on us. But we all call for deregulation and we have to live by it. We don’t have an option,” he added.
Fashola advised marketers to get themselves prepared for the challenges ahead, the reality, and the new trend, saying “We cannot be doing our business the way we used to do it before.”
On his part, the National Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, said no member of the association has bought fuel at the reduced rate.
“None of our members has bought at the reduced rate at the moment,” Obele said, justifying why some filling stations still sell PMS at a higher rate.
He added that there was a wide disparity between the price of PMS in Lagos and Port Harcourt or other places far from Lagos.
According to him, the NNPC sells PMS at N899 in Lagos and N970 in Port Harcourt due to logistics.
Credit: PUNCH
News
NDLEA storms Lagos hotel, recovers N1.042billion illicit drug consignments(Photos)

. Intercepts over 2million pills of tramadol in Kano, Jigawa; another Saudi-bound cocaine in body cream; arrests 3 Ghanaian ladies for cross border trafficking
An 80-room new hotel in Victoria Island Lagos used as cover for distributing illicit substances has been raided by operatives of the National Drug Law Enforcement Agency (NDLEA) who after hours of combing the rooms recovered 589 bags of Canadian Loud, a strong strain of cannabis with a total weight of 417.3 kilograms worth One Billion Forty-Two Million Five Hundred Thousand Naira (₦1,042,500,000) only in street value.
At least, three suspects: Eze Ayitu; Ofuokwu Samuel; and Emmanuel Ameh were arrested in the course of the operation at the five-storey hotel building between Friday 25th and Saturday 26th April 2025 while two other suspects: Noble Philip and his partner Kenneth are currently at large.
Items suspected to be proceeds of illicit drug trade recovered from the premises housing The Hook Hotel also known as Caesar Hotel and Caesar Lounge located at 16 Waziri Ibrahim street, off Elsie Femi Pearse street, Victoria Island, Lagos, include: Toyota Prado Landcruiser Jeep (Lagos AKD 472 OZ); Toyota Sienna Vehicle (Lagos KJA 79 HJ); Volkswagen Delivery Van (Lagos AAA 525 JE); Kia Ceranto Car (Lagos BDG 860 GQ); Grand Caravan Dodge (Lagos APP 847 YF); 74 new TV sets; 10 used TV sets; and 13 refrigerators, among others.
In another major interdiction in Jigawa state with a follow up operation in Kano, NDLEA operatives acting on intelligence on Wednesday 23rd April seized consignments of opioids being moved from Kano to Niger Republic and Yobe state through Jigawa.
The
psychoactive substances were being moved in a Toyota Sienna vehicle marked ABJ 182 NW at about 2:30am on Wednesday along Kano- Ringim road, Gumel town when anti-narcotic officers on patrol intercepted them with two suspects: Abba Ibrahim, 28, and Shuaibu Umar, 29 arrested.
Recovered from the Sienna vehicle were 200,000 pills of tramadol 250mg and 217,500 capsules of pregabalin. A swift follow up operation in Kano led to the arrest of the supplier, 41-year-old Jamilu Muhammad, at his residence located at Mil Tara, Layin Technical area of Kano while additional 1,584,000 pills of tramadol 250mg stacked inside a Nissan 18-seater bus marked DAL 372 XA and a room in his house were discovered and evacuated. This brings the total number of the recovered opioids to 2,001,500 pills.
Barely a week after NDLEA officers of the Directorate of Operations and General Investigation (DOGI) uncovered 20 parcels of cocaine concealed inside religious books going to Saudi Arabia at a logistics company in Lagos, the operatives have again intercepted another shipment of 46 wraps of cocaine weighing 547grams hidden in body cream going to the Middle East country.
The seizure was made on Wednesday 23rd April at a courier firm in Lagos.
Another consignment intercepted same day include: 1.8kg pentazocine injection and 60grams bromazepam tablets heading to Canada.
At the Seme border area of Badagry Lagos, three Ghanaian ladies were on Sunday 20th April arrested at the Gbaji check point by NDLEA operatives while attempting to smuggle combined 4.8kilograms of Ghana Loud, a strong strain of cannabis into Nigeria. The suspects arrested include: Haziza Zubairu, 42; Samirat Mustapha, 43; and Jamila Salifu, 26.
In Kano, a 60-year-old grandma Safiya Shamsu was on Friday 25th April nabbed at Samegu area of Kumbotso LGA with 5.6kg skunk, a strain of cannabis, while another suspect Muntari Labaran, 35, was taken into custody following the seizure of 100 litres of codeine syrup from him at Yelwa area of Dala LGA.
A total of 3,814.9kg skunk was destroyed on two farms in Ugbodu community, Ovia North East LGA, Edo state on Thursday 24th April when NDLEA operatives raided the plantations where three suspects: Samuel Samson, 26; Daniel Peter, 20; and Abel Edah, 31, were arrested.
The War Against Drug Abuse, WADA, social advocacy activities by NDLEA Commands equally continued across the country in the past week. Some of them include: WADA sensitization lecture delivered to students and staff of Dan-Doro Community Arabic Secondary School, Doro, Katsina; St. James Anglican School, Badariya, Kebbi; Federal Government Girls College, Tambuwal, Sokoto; and members of Oganiru age grade, Onitsha, Anambra, while the Lagos State Strategic Command of NDLEA paid WADA advocacy visit to the Ayangburen of Ikorodu, HRM Oba Kabir Adewale Shotobi, among others.
While commending the officers and men of DOGI, Lagos, Kano, Jigawa, Edo and Seme Commands of the Agency for the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) equally praised their counterparts in all the commands across the country for ensuring a fair balance between their drug supply reduction and drug demand reduction efforts.
News
DSS arrests Army major for planning unrest in Delta

Operatives of the Department of State Service have uncovered and foiled an alleged plot to instigate unrest in Warri, Delta State, leading to the arrest of a foreign-based Army major, and several others allegedly involved in the plan.
According to sources familiar with the operation, the Army officer, of Itsekiri origin, was allegedly recruited by one Collins to procure weapons and ammunition intended to fuel tribal tensions in the oil-rich region.
An insider disclosed on Friday night that the DSS operatives from the Delta Command apprehended the arms supplier during a covert operation near Asaba, Delta State.
During the operation, DSS seized over 50 AK-47 rifles, six pump-action shotguns, and more than 3,000 rounds of ammunition, according to the insider.
One of the sources said, ‘’An Itsekiri man serving in a foreign army is alleged to have procured weapons and ammunition at the behest of one Collins to instigate unrest in Warri.”
‘’During a covert exchange near Asaba in Delta State, operatives from the DSS Delta Command apprehended the arms supplier and several associates, seizing over 50 AK-47 rifles, six pump-action shotguns, and more than 3,000 rounds of ammunition.
‘’Shortly thereafter, DSS agents in Lagos intercepted the Army Major as he tried to cross Nigeria’s border en route United Kingdom.
“All suspects are now in DSS custody. The DSS will carry out a full and transparent investigation and hold anyone found plotting tribal conflicts to account.’’
It was further gathered that a traditional ruler is also being discreetly investigated in connection with the matter.
Efforts to obtain official confirmation from the authorities proved abortive as of press time.
The arrests come amid tensions following the rejection of the ward delineation in Delta State by the Itsekiri Nation.
The Itsekiri people had threatened to take legal action against the Independent National Electoral Commission if the delineation exercise proceeded.
On April 7, it was reported that one person was killed and houses were razed in a crisis that ensued as a result of the INEC’s delineation of constituencies.
The incident reportedly occurred on Odion Road in the Warri South Local Government Area of Delta State.
In response, soldiers, police officers, and other security operatives were deployed to the area to prevent a further breakdown of law and order.
News
Job racketeering rocks federal fire service

Many candidates purportedly recruited into the Federal Fire Service have alleged that the Civil Defence, Correctional, Fire and Immigration Services Board substituted their names with those of other persons after appointment.
The candidates, who claimed that they were offered probational appointments after applying for the job through the CDCFIB portal between November and December 2024, said they were denied documentation when they went for the exercise in April.
But the Controller General of the Federal Fire Service, Abdulganiyu Jaji, dismissed the allegation, asking those who feel unjustly denied to come forward with their letters.
Some of the candidates said FFS officers told them that their Trade Skill Numbers had been allocated to other people.
According to the candidates, the officers told them that the letters of documentation sent to each of them were no longer valid.
A letter of invitation for documentation to one of the candidates from the CDCFIB was sighted by our correspondent on Saturday.
The letter was signed by the Secretary of the board, Maj. Gen. Abdulmalik Jibrin (retd.).
It read, “Subsequent to your application for recruitment into the Federal Fire Service, and your participation in all our assessment and verification exercises, the board is pleased to inform you that you have been considered for probational appointment, subject to a few conditions which include participation in a medical examination that will be conducted by the medical personnel of the service.
“You are slated to appear before our team as scheduled: 10 a.m., Monday, March 24, 2025, at Metropolitan Fire Station, FCT Command, Kubwa, Abuja. Please note that the entirety of the recruitment process does not at any point attract any form of remittance.”
However, the candidates said their appointments for documentation were changed twice by the board.
In a message purportedly sent by the CDCFIB on March 23, the appointment was rescheduled to April 7.
“Please be informed that the previously announced documentation date has been rescheduled to April 7th, 2025. This change is due to the Board’s decision to adjust certain administrative procedures and ensure a smooth process, considering the upcoming holidays. Please note the venue: Metropolitan Fire Station, FCT Command, Kubwa, Abuja. We apologise for any inconvenience this may cause and appreciate your understanding,” the message read.
Another message sent on April 9 reads, “Kindly be informed that you are to present yourself for documentation on 17th April, 2025. Please note the venue: Metropolitan Fire Station, FCT Command, Kubwa, Abuja…”
However, the candidates said they could not do their documentation as they were denied entry into the venue despite receiving the messages via SMS and emails, along with the letter of invitation for the exercise.
Speaking with Sunday PUNCH, one of the candidates, who craved anonymity, said her TSN had been substituted for another candidate who had been documented and started working.
She said her name was no longer on the new recruit list when she went for documentation on April 17.
The lady said, “I applied for the FFS job in November 2024 via the portal. I didn’t go through anybody. All the processes were done on the FFS portal. In March 2025, I got my letter of invitation for documentation with a probational offer of appointment. I was asked to go to the FCT Command of the FFS for documentation on the 24th of March.
“I was already in Abuja when they sent another message that they had rescheduled our documentation date to April 7th, 2025. I had to travel back to my state. Afterwards, we got another message that our documentation had been postponed to 17th of April. I had to wait in Abuja because of the cost of transportation and every other thing.
“I went to the venue of the documentation on the date I was asked to appear. The security guard at the gate asked to see my letter of invitation, and he sent me back after I showed it to him. After a while, I went back to the security again and started mounting pressure on him.”
She added, “Later, somebody at that place took me inside the building. He asked where I got the letter and I told him I applied for the job via the FFS portal. He said the letter was fake. I asked what he meant by that — how could the letter be fake when I had been getting messages from the CDCFIB?
“While that was going on, another officer asked me to go upstairs, and then he checked my letter and name on the system. To my surprise, someone was already using my TSN. I was confused. He had to show me one master list and said someone’s name was already allocated to the TSN, and that the person had documented and finished training.”
Another victim also narrated a similar scenario to Sunday PUNCH, stating that he was denied access to the venue of the documentation after presenting his letter.
The candidate said he was told by one of the FFS officers at the gate that a wrong person had signed his letter, even when they saw that it was signed by the Secretary to the Board.
“I applied for the job on the FFS portal and after a while, I received a message from the CDCFIB on both email and SMS, informing me of my documentation schedule. After two postponements, I went to the FFS Command on Wednesday (April 23) but I was denied entry when I got there.
“After a while, I was directed to one officer who checked my letter. He laughed after checking it and declared, ‘This letter is not valid again.’ He emphasised that the letter was no longer valid, because the person who signed it (Maj. Gen. Abdulmalik Jibrin (retd.)) was not the right person to sign the letter.
“He brought out a ‘master list’ after that and I saw that the TSN on my letter had been allocated to another person. He asked me to go back to my sponsor, saying I might likely get help and be considered. Many of us are affected in this situation.”
Reacting, the CG FFS expressed concern over the rising cases of job racketeering involving unscrupulous agents who deceive desperate job seekers with fake appointment and invitation letters.
Jaji noted that the service did not authorise any third parties to conduct recruitment on its behalf and reiterated that all official processes were handled transparently through recognised government platforms.
He noted that the service uncovered several of fake letters, and made the strategic decision to quietly suspend the documentation process without any public announcement.
“To our surprise, the fraudsters—completely unaware of our move—went ahead and printed even more fake letters. We could only watch and laugh, knowing they had already exposed themselves.
“Henceforth, anyone caught presenting forged documents in a bid to secure employment will face immediate arrest and prosecution,” the CG said.
“On behalf of the Board, I challenge anyone in possession of a genuine appointment letter who claims to have been unjustly denied the opportunity to come forward with it”.
He further assured that genuine opportunities within the agency will always be publicly announced through proper, verifiable channels.
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