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Petrol prices rise nationwide as MRS, other atations hike rates

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MRS Filling Station has revised its fuel pricing, increasing the pump price for petrol to ₦930 per litre in Lagos and ₦960 per litre in northern Nigeria.

This adjustment, which took effect on March 28, 2025, follows the recent suspension of naira-denominated petroleum sales by the Dangote refinery.

Significant Price Hike Across Regions
The new pricing marks a ₦70 increase from the previous ₦860 per litre in Lagos and ₦870 per litre in other South-West states. Meanwhile, northern regions that previously paid ₦880 per litre now face an ₦80 hike.

This surge in fuel prices at MRS stations is expected to trigger a domino effect, as other fuel retailers are reportedly adjusting their prices accordingly. For instance, NIPCO, a major industry player, matched MRS’s pricing, selling petrol at ₦930 per litre in Magboro, Ogun State, over the weekend.

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Breakdown of New Petrol Prices
An updated pricing list from MRS Oil & Gas highlights regional price variations:

Lagos: ₦930 per litre (Lowest price nationwide)
South-West & Kwara: ₦940 per litre
South-South & South-East: ₦960 per litre (Including Edo, Abia, Akwa Ibom, Bayelsa, Rivers, Cross River, and Enugu)
Northern Nigeria:
Abuja, Kaduna, Benue, Kogi, Niger, Sokoto, Kebbi, and Nasarawa: ₦950 per litre
Zamfara, Kano, Jos, Bauchi, Taraba, Adamawa, Borno, Katsina, Jigawa, Gombe, and Yobe: ₦960 per litre

Fluctuations in FCA Prices Reflect Regional Differences
The Free Carrier Agreement (FCA) price, which influences how much marketers pay before reselling petrol, also varies across regions.

Lagos: ₦905 per litre (Lowest FCA price)
Northern States (Borno, Taraba, Adamawa, Yobe): ₦888 per litre
Factors Behind the Price Surge

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The latest hike is primarily linked to the suspension of the naira-for-crude agreement between the Dangote refinery and the Nigerian National Petroleum Corporation Limited (NNPCL). This agreement was disrupted due to a misalignment between crude allocations to foreign creditors and actual sales revenue.

Industry insiders revealed that a significant portion of Nigeria’s crude oil had to be allocated to foreign lenders to settle loans, limiting the ability of the Dangote refinery to maintain its naira-based fuel supply agreement. In response, private depot operators have taken advantage of the situation to increase their fuel prices, further driving up costs for consumers.

Economic Impact and Future Outlook
The surge in fuel prices is expected to escalate transportation costs, subsequently leading to higher prices for goods and services nationwide. This trend is likely to worsen Nigeria’s rising cost of living, adding pressure on households already struggling with inflation.

However, industry experts suggest that fuel prices could stabilize once the Dangote refinery secures crude oil allocations from the NNPCL and resumes selling in naira. Until then, consumers and businesses must navigate the immediate economic strain caused by these fuel price adjustments.

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PHOTOS: Glamour as dignitaries, royals attend Alaafin’s coronation

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By Kayode Sanni-Arewa

Dignitaries from across the nation gathered at Olivet Baptist High School, Oyo, on Saturday to witness the coronation of the 46th Alaafin of Oyo, Oba Abimbola Owoade

The historic event drew a distinguished crowd, including President Bola Tinubu, represented by the Minister of Power, Chief Adebayo Adelabu; the Governor of Oyo State, Seyi Makinde; former Deputy Governor, Ambassador Taofeek Arapaja; Speaker of the Oyo State House of Assembly, Rt. Hon.Debo Ogundoyin; and Senator Yunus Akintunde, representing Oyo South, among other notable figures.

Alaafin of Oyo, Oba Abimbola Owoade I and his Wife Abiwumi Owoade.
Royalty was richly represented as well, with the presence of revered monarchs such as the Ooni of Ife, Oba Adeyeye Ogunwusi; the Soun of Ogbomoso, Oba Ghandi Olaoye; and the Oluwo of Iwo, Oba Abdulrosheed Akanbi, adding grandeur and cultural depth to the occasion.

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Passengers Escape Death By Whiskers As Bus Burst Into Flames In Lagos

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The driver and conductor of a BRT bus have fled for their lives, abandoning passengers to their fate, as a BRT bus caught fire at Maryland, Lagos State, on Saturday morning.

Our correspondent, who was at the scene of the incident, said that the vehicle departed from Ikorodu en route to CMS when the sad incident occurred.

As of the time this report was filed, emergency responders, including officers of the Nigeria Police Force, the Lagos State Traffic Management Authority (LASTMA), fire services, and local security personnel, arrived at the scene to contain the blaze.

Firefighters at the scene.
One of the passengers on the bus told our correspondent the fire started as smoke from the driver’s side.

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According to her, the passengers initially thought the smoke emanated from other buses; however, the slight smoke soon worsened, immediately sending them into panic mode.

“As soon as we saw that the smoke grew bigger, we immediately rushed off the bus before the fire ignited”, she said, adding that none of the passengers sustained any injury.

She added that the driver fled the scene immediately after the fire started.

“The driver and the conductor ran away. They didn’t even wait to see what would happen to us.

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“Definitely, they knew what happened. They knew the bus was bad before putting it on the road and risking our lives,” she alleged.

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VOA Halts Operations In Nigeria, Others Over President Trump

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The United States-funded Voice of America (VOA) has gone off air in Nigeria, Ghana, Niger, and several other African countries after President Donald Trump cut financial support to the global broadcaster.

The shutdown, first noticed by millions of listeners in northern Nigeria, sparked panic when music began playing in place of scheduled broadcasts, a haunting reminder in the region of military coups or political takeovers.

“People started calling in, worried that there had been a coup in America,” Babangida Jibrin, a journalist who worked with VOA’s now-defunct Hausa-language service was quoted by Daily Trust.

The station’s abrupt disappearance from the airwaves last month left stunned reporters scrambling to explain what had happened to their loyal audience.

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VOA’s Hausa service, a lifeline for millions of listeners in rural and conflict-prone areas of Nigeria, Ghana, Cameroon, and Niger, had become a trusted source of international and regional news, especially in places where local media is either censored, inaccessible, or compromised by state influence.

With internet access unreliable or non-existent in these regions, shortwave and radio broadcasts like VOA filled a crucial void.

“People are now cut off from the world, especially from critical international news,” lamented Moussa Jaharou, a listener from southern Niger.

He described the shutdown as a “deliberate silencing of the poor.”

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Founded during World War II to counter Nazi propaganda, VOA later became a major player in Cold War-era broadcasting, offering an American perspective against Soviet disinformation.

Over the decades, it evolved into a beacon of credible journalism worldwide, particularly in authoritarian regions where press freedom is under attack.

In northern Nigeria, where insurgency, banditry, and government corruption are everyday realities, VOA Hausa provided in-depth, unbiased coverage that is often missing in local media.

Its disappearance has now left a gaping hole in a media landscape already struggling with state repression and misinformation.

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Critics blame Trump’s ideological war on independent institutions and his administration’s push to dismantle U.S.-backed international media.

The US president slashed VOA’s funding as part of a broader effort to bring the outlet under tighter political control, effectively killing off several regional language services.

It was also reported that over 1,100 “Hands Off!” protests and meetings were scheduled to take place across all 50 states in the U.S. on Saturday.

This was in response to the significant cuts to the federal workforce, reportedly overseen by Trump adviser and Tesla CEO Elon Musk.

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These nationwide demonstrations aim to voice opposition to the dramatic reductions in the federal workforce, which organisers believe are part of a broader effort to dismantle public services, including Social Security, Medicaid, and public education.

The protests are being organised by a coalition of over 150 organisations, including Planned Parenthood Action Fund, Service Employees International Union, and the American Civil Liberties Union, according to Yahoo News.

“Donald Trump and Elon Musk think this country belongs to them,” the organisers say on their website. “They’re taking everything they can get their hands on, and daring the world to stop them.”

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