News
Landing cost of petrol jumps to N885 per litre

The landing cost of imported premium motor spirit increased to N885 per litre on Wednesday from N797.
The Major Energy Marketers Association of Nigeria disclosed the rise in the landing cost of petrol in its daily energy bulletin released on Wednesday.
This represents 88 increase from the N797 per litre landing cost of petrol last week.
The implication is that the price of imported petrol at Nigerian filling stations may increase to about N1,000 per litre from between N940 and N970.
The current landing cost of petrol is N797 compared to the ex-depot price of Dangote Refinery’s petrol, which stood at N815 per litre. To this end, Dangote Petrol is sold at a retail price in MRS fillings at N860 and N880 per litre in Lagos and Abuja.
Meanwhile, Dangote Refinery’s decision last week Wednesday to halt petroleum products sales in Naira may impact the company’s fresh price template.
Going by the development in the country’s downstream sector, the prices of Dangote Petrol and import fuel are expected to go up in the coming days.
On Tuesday, the Petroleum Products Retail Outlets Owners Association of Nigeria warned Nigerians against panic buying amid petrol price uncertainty.
PETROAN urged the Nigerian government to continue its Naira-for-Crude deal with Dangote Refinery and at the same time ensure fair pricing competition in the country’s downstream sector.
“PETROAN has also noted reports circulating in the media that the temporary suspension of sales in naira by Dangote Refinery is the reason for the panic buying.
“We wish to reassure the public that this is not a justification for panic buying,” it said.
News
Mali, Niger, Burkina Faso Impose 0.5% Levy On Goods From ECOWAS Nations

By Kayode Sanni-Arewa
Mali, Burkina Faso and Niger have announced a new 0.5% levy on imported goods from Nigeria and other Economic Community of West African States (ECOWAS) member-nations.
The development comes as they seek to fund a new three-state union after leaving the larger regional economic bloc, they said in a statement.
According to an official statement by the trio, the levy was agreed on Friday and will take effect immediately.
It will affect all goods imported from outside the three countries but will not include humanitarian aid, the statement said.
It will “finance the activities” of the bloc, it said, without giving details.
The move ends free trade across West Africa, whose states have for decades fallen under the umbrella of the ECOWAS, and highlights the rift between the three states that border the Sahara Desert and influential democracies like Nigeria and Ghana to the south.
The three countries, each ruled by military juntas that came to power through recent coups in 2023, had established the Alliance of Sahel States as a security agreement following their exit from ECOWAS bloc.
Over time, this alliance evolved into an aspiring economic union with plans to promote deeper military and financial integration, including introducing biometric passports.
Last year, the three nations left ECOWAS, citing claims that the bloc had not sufficiently supported them in fighting Islamist insurgencies and addressing insecurity in their countries.
In retaliation, ECOWAS had imposed economic, political and financial sanctions on the three in a bid to force them to return to constitutional order, to little effect.
News
Green and Gold Multipurpose Cooperative society celebrates 10th anniversary, pledge to empower more women

By Kayode Sanni-Arewa
A non governmental organization, green and gold multiple purpose cooperative at the weekend in Abuja celebrated it’s 10th anniversary, with a pledge to continue to work towards a world where women are empowered,valued and respected.
Just as the national president of the national council of women societies (NCWS), Princess Edna Azura has charged Nigerian women to have a collective voice in their quest to achieve better opportunities for women in the country.
Princess Edna Azura, who was special guest of honour at the multiple purpose cooperative 10th anniversary commended the society for it’s resilience and focus in improving the state of their members who are majorly women.
She praised their developmental initiatives which have helped empowered many women and assured them of continuous support from women umbrella organization.
In her words:” l am very proud of what you have done as a group, you have been steadfast, resilience and focused and your existence for the last ten years is a clear confirmation that you have grown and ready to move to the next level of journey.Please continue the good work.”
Earlier in her address,the president of the green and gold multiple purpose cooperative society, Mrs Rahab Abbas said ” today,we gather to reflect on our journey, celebrate our achievements, and look forward to a brighter future.
” Over the past decade, our cooperative has grown from a small group of women with shared vision to a thriving organization that has empowered women. We have worked tirelessly to promote economic independence, social justice, and women’s rights.” She added
On the achievements of the group over the years, Mrs Rahab Abbas stated, ” through our cooperative, we have provided training, financial assistance, and support to women, enabling them to start and grow their own businesses. We have also advocated for policies and programs that benefit women.
” Our impact extends beyond economic empowerment.We have created a safe space for women to share their experiences, support one another, and build last relationships.” Abass also observes
In his speech the chairman of the occasion, Dr Ogah Inalegwu, expressed excitement to see a group of women who have chosen against
all odds to carve a niche and break fallow grounds in their quest for a better life,
not just for only themselves but for others as well.
According to him l am privileged to have known the group right from it’s formative days and am
proud to state without doubts that am impressed on your milestone.
“Today serves as an opportunity for me to speak to a group of very enlightened
women, with a heart accommodative to learn. I will not forgo the opportunity to
share practical discussions and a charge to push you even further in my desire to
see you grow.”
“It is believed that the illiterate of the 21st century are not the people who are
unable to read and write, but the one who are unable to unlearn what they have
learnt, and re-learn what is needed for the present situation.”
“If a woman is empowered then a nation is liberated, so I beseech and challenge
you to kindly have it in mind that to be empowered, there is a need to be
financially liberated, to be liberated financial then multiple streams of income
becomes the basic language.
My question then becomes what can you, yes you do to earn additional income?
I want this answers personalized and implemented, I have had reason to push a
couple of people, women inclusive to start and sustain income generating
steams, I want to pledge my desire in any way I can to members of the group or
invitees to be available on personal grounds if contacted.
I won’t want to take all your precious time, even if you can’t remember
anything I said today, please just take home these words ‘To be a good person
and help others you need to be financially free and one empowered woman
equals a prosperous nation’.” He further noted
As part of the program was a N10 million naira fundraising appeal empowerment scheme to support more women .
News
*Eid-el-Fitr: Owner of Harmony Gardens and Estate Development, Hon. Saheed Mosadoluwa Rejoices With Muslims*

By Kayode Sanni-Arewa
Honourable (Alhaji) Saheed Audullahi Mosadoluwa, the Chief Executive of Harmony Gardens and Estate Development Limited has congratulated Muslim Ummah for the successful completion of fasting in the blessed month of Ramadan and the celebration of 2025 edition of Eid-el-Fitr.
The Oyo town-born businessman also enjoined Muslims to imbibe the virtues of tolerance, togetherness, love and compassion as exemplified by Prophet Muhammad SAW.
Fielding questions from journalists in Lagos after Eid prayer on Sunday, Honourable Mosadoluwa said:
“For the 30 days of fasting and spiritual sacrifice to manifest positivity for our nation, Nigeria, it became important and necessary to appeal to Muslims to remain unshakeable in their support and prayers for President Bola Ahmed Tinubu and other leaders across the strata of the Nigerian society.
“Ramadan is a month dedicated to fasting, prayer, self-discipline, and spiritual growth. It is the time when Muslims strive to attain God-consciousness (Taqwa) and to purify their souls. The Quran highlights the purpose of fasting in Surah Al Baqarah (2:185). The month becomes a time of community bonding, increased worship, nearness to God, and hope for God’s forgiveness and mercy.
“Eid Al Fitr is celebrated as an expression of gratitude to God for granting believers the strength to complete this month-long journey of self-restraint and devotion. It is not merely the end of fasting but a continuation of its lessons, reminding Muslims to carry forward the values of patience, humility, and generosity into their daily lives for the remainder part of the year.
“Eid Al Fitr is not merely a day of festivity but a reflection of the transformation achieved through Ramadan. The holy month of fasting, prayer, and introspection is intended to strengthen one’s relationship with God and reinforce the moral character expected of a believer. Eid serves as an opportunity to engage with the world, embodying the piety attained during Ramadan while carrying forward the lessons of patience, gratitude, and self-restraint.
“Undoubtedly, Eid is a profound reminder that self-discipline, gratitude, and charity should steer a believer’s actions throughout the year. Eid Al Fitr remains a timeless beacon of faith, unity, and moral responsibility in an ever-changing world.”
Honarable Mosadoluwa also urged Muslims to use 2025 Eid-el-fitr celebration to reflect on the lessons of Ramadan, praying Almighty Allah to shower His countless blessings, peace and prosperity for all Muslim faithful, even as he expressed optimism for sustained peaceful coexistence among all Nigerians.
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