Connect with us

National News

N195/Per Litre’ Independent Marketers To Shut Down Filling Stations Nationwide Monday

Published

on

N195/Per Litre’ Independent Marketers To Shut Down Filling Stations Nationwide Monday

Independent marketers of Premium Motor Spirit, popularly called petrol, are getting set to shut down operations beginning from Monday once the government starts the enforcement of N195/litre pump price.

It was gathered on Saturday that the Nigerian National Petroleum Company Limited, Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria, Independent Petroleum Marketers Association of Nigeria, security agencies and the downstream regulator had all agreed that petrol be sold at N195/litre.

Oil marketers said the agreement was reached at a meeting in Abuja on Tuesday, as participants resolved that beginning from Monday, February 6, 2023, the pump price of petrol should not exceed N195/litre, a development which dealers, particularly independent marketers, described as tough due to the high ex-depot price of the commodity.

They told our correspondent that to avoid having their outlets sanctioned, many filling stations operated by independent marketers would be shut from Monday as it made no business sense to sell a product lower than the cost price.

This is likely to further prolong the petrol scarcity and queues in many parts of the country as independent marketers control about 80 per cent of filling stations nationwide.

IPMAN’s National President, Debo Ahmed, told journalists that the approved ex-depot price of petrol was recently raised from N148/litre by the NNPCL to N172/litre, but depots hardly dispense the commodity at this cost.

Ahmed, who was reacting to the notice to members issued by the Public Relations Officer, IPMAN Ibadan Depot branch, Mojeed Adesope, stated that marketers were advised to sell the product in stock now before the enforcement begins on Monday.

In the memo, which was sighted on Saturday, Adesope said, “The top management of NNPC, other relevant authorities in the downstream sector of the economy as well as all the security agents in the country met at on Tuesday, January 31, 2023 to begin the enforcement of pump price of PMS at N195/litre at all the filling stations across the country with Immediate effect.

“Towards that end, enforcement will commence effective from Monday, February 6, 2023 to enable you to dispose of all your remaining stock on or before the enforcement date.

“Members are hereby implored not to purchase products that they would not be able to dispense at N195/litre. The above information should be given wider spread/circulation in order not to get any member caught unawares. You are strongly advised to heed this information.”

Commenting on this, the national president of IPMAN said the information was in order as he urged other independent marketers to take note.

Ahmed stated, “The information is in order, because the depots that the NNPC gives products to are selling at a higher price, and IPMAN members will not like to leave their stations idle. And to avoid sanctions, it is better to close your station.

“So what is going to happen in essence is that marketers have to buy products using the NNPCL loading tickets, and if they don’t have the tickets, all they have to do is to close down their stations. You have to buy from the NNPCL in order to sell at the government regulated price.”

He said the NNPCL was the only importer and it often gave the product to DAPPMAN to sell to IPMAN members at a regulated rate.

Ahmed added, “They also give the product to MOMAN to sell through the stations of major marketers, but DAPPMAN has to sell to independent marketers because independent marketers do not have depots.

“The 21 NNPCL depots across the country that we rely on before now are all moribund and not working. So right now, we depend on DAPPMAN depots to get our products at the price approved by the NNPCL.

“But most times, DAPPMAN would increase their price and when you buy from them at such a high price, there is no way you are going to sell at a lower price. So, that memo is telling marketers that if they cannot get the NNPCL product to buy at the controlled price, they better not sell to avoid having their stations sealed.”

When asked for the approved price that the government, through the NNPCL, had asked depot owners to sell, Ahmed replied, “In fact, there is a lot of confusion.

“As of today, we are supposed to buy at N172/litre from the NNPCL designated depots run by DAPPMAN. But if you get there at times, you don’t buy at that price; rather, you buy at higher rates.

“Before it was N148/litre, but all of a sudden, the NNPCL just did what it did and increased the price to N172/litre, which was why they said the retail price should now be N185/litre.”

He explained that the N172 ex-depot price was without the cost of conveying petrol to wherever the marketer was taking the product to.

“If you are taking it further than 400 kilometres from the place of purchase, you are going to get the bridging claims or price equalisation. But if you are taking it within 120 kilometres or around that distance, you will get some little allowance to make you sell at a controlled price.

“But, the truth is that we don’t get the product at the controlled price of N172, which is why you see a lot of areas where they sell at higher prices.

“However, for MOMAN, because they get it at the controlled price, they take it from their depots to their stations and sell it at lower prices compared to independent marketers. Mind you, independent marketers control about 80 per cent of retail outlets in Nigeria.”

In Lagos, most of the outlets that sold the product on Saturday had long queues of desperate motorists, with some selling for between N280 and N350 per litre.

A similar situation was prevalent in Ogun State, where motorists struggled to get petrol from the few filling stations that had the product. Some stations on the Lagos-Ibadan Expressway sold the product for between N320 and N380 per litre.

A commercial motorist, Idris Adewale, said he had banked on getting petrol at the Nipco filling station at Magboro for N195 per litre, but was disappointed to discover that the station was under lock and key. He also claimed that the Rainoil station at Ibafo did not sell the product and he only succeeded in filling his vehicle’s tank before the Sagamu interchange for N340 per litre.

A desperate motorist, Nnamdi Goodman, claimed to have bought 10 litres for N7,000 on Airport Road in Lagos on Saturday.

On Thursday, the Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, and the Group Chief Executive Officer, NNPC Limited, Mele Kyari, disclosed that several measures were being taken to enforce the approved price of petrol and to stop the diversion of the product.

The NMDPRA boss, while speaking on sanctions against downstream operators who flouted the approved regulations, stated that over 270 filling stations and seven depots had been closed down.

“On top of shutting the depots, we also shut down over 270 retail outlets. We are doing our work and this has brought some respite in some areas,” Ahmed stated.

On his part, Kyari said the Federal Government was now deploying operatives of the Department of State Services to monitor tankers conveying petrol to filling stations in order to halt the diversion and smuggling of the product.

He stated that already, over 120 DSS officers had been deployed to follow fuel tankers to the various retail outlets in Abuja, as more security agencies were being drafted for the exercise for nationwide coverage.

“So much is going on; there are government security interventions. I know the kind of work that we do with the security agencies; for instance, in Abuja alone, we have over 120 DSS officers following every truck to fuel stations and we are activating this across the country,” Kyari said.

Meanwhile, the Chairman, IPMAN, Enugu Depot Community in charge of Anambra, Ebonyi and Enugu states, Mr Chinedu Anyaso, has said the prevailing shortage in the supply of PMS in the South-East may not end soon because of the challenges facing marketers in procuring the product.

He said this in an interview with the News Agency of Nigeria in Awka on Saturday.

NAN reports that petrol now sells for between N400 and N450 per litre and between N500 and N600 in the black market in Akwa, Anambra State.

As of Saturday, most filling stations in the city were closed for lack of petrol, while the few that had the product were selling at very high prices with long queues of motorists.

Anyaso said the quantity of the product coming to the South-East had reduced by more than 50 per cent compared to the supply in normal time.

According to him, at the moment, nothing suggests the easing of the problems as some of the marketers have yet to get supplies they paid for over a month ago, except the Federal Government takes a drastic action to flood the country with the product.

Anyaso stated, “Our members, who got NNPC allocation last year, paid for the product since December, up till now they have not received their supply; rather, they asked them to pay additional money for which most of them made overdraft of between N1.4m and N1.6m.

“As you can see, most filling stations in the zone have shut down because they can no longer source petrol normally, those that have, pay through their nose to get it; that is why there are abnormal rates because they have to recover their cost and make some profits.

“It is impossible for the authorities to enforce price now; our people are making extra effort to ensure that we have the product to buy even if it is expensive.”

Anyaso said in addition to the hardship the people were facing as a result of scarcity and high prices, thousands of workers stood to lose their jobs if the problems persisted as no marketer would continue to pay workers when they were not in business.

N195/Per Litre’ Independent Marketers To Shut Down Filling Stations Nationwide Monday

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

PRESIDENT TINUBU CHANGES SERVICE CHIEFS

Published

on

PRESIDENT TINUBU CHANGES SERVICE CHIEFS

By: Our Reporter

President Bola Tinubu has made changes in the hierarchy of the Service Chiefs in furtherance of the efforts of the Federal Government of Nigeria to strengthen the national security architecture.

The President appointed General Olufemi Oluyede to replace General Christopher Musa as the new Chief of Defence Staff. The new Chief of Army Staff is Major-General W. Shaibu. Air Vice Marshall S.K Aneke is Chief of Air Staff while Rear Admiral I. Abbas is the new Chief of Naval Staff.

Chief of Defence Intelligence Major-General E.A.P Undiendeye retains his position.

The President, Commander-in-Chief of the Armed Forces, expresses most profound appreciation to the outgoing Chief of Defence Staff, General Christopher Musa and the other Service Chiefs for their patriotic service, and dedicated leadership.

The President charges the newly appointed Service Chiefs to justify the confidence reposed in them to further enhance the professionalism, vigilance and comradeship that define the Armed Forces of Nigeria.

All appointments take immediate effect.

PRESIDENT TINUBU CHANGES SERVICE CHIEFS

Continue Reading

National News

Nigeria-Germany Trade Volume Hits €3 billion – Envoy

Published

on

Nigeria-Germany Trade Volume Hits €3 billion – Envoy

By: Michael Mike

Nigeria-Germany trade volume has hit an all-time high of €3 billion, the German Ambassador to Nigeria, Annett Gunther said on Thursday

The envoy who addressed a press conference in Abuja said the 30% increase could be attributed to Nigeria’s economic recovery.

Gunther who called the press conference ahead of the joint Nigerian-German binational commission scheduled for Berlin, in German, noted that Nigeria remains “Germany’s second biggest trading partner in Sub-Saharan Africa with a total trade volume of 3 billion Euros,” adding that: “Trade volumes have increased this year by 30% due to Nigeria’s economic recovery.”

The envoy equally revealed that more than 90 German companies are active in the country, “indirectly creating about 17.000 jobs in Nigeria.”

Gunther also told journalists that good times between both countries were not over, promising Nigerians that more investments are on the way, especially in the energy and the pharmaceutical sectors.

She revealed that in the energy sector, the Presidential Power initiative is now in the second phase.

She said: “This cooperation with the German energy giant Siemens will add about 7 Gigawatts to Nigeria’s Energy Grid. Secondly, the German –Nigerian cooperation in the Gas sector, eliminating gas flaring and improving Nigeria´s CO2 footprint.”

The envoy revealed that the relationship has also improved in the area of Visa and Migration as no fewer than 7,600 visas were issued to both students and short term stay, adding that plans were already in place to increase the number.

Gunther said: “All the common goals and projects would not work if they were not supported by travels on all levels between our two countries, plus legal migration. Last year alone, the German Embassy here in Abuja and the German Consulate General in Lagos granted around 1400 long-term visas for purposes such as study in Germany, family reunion and employment as well as around 6200 visas for short-term stays such as business and tourism.

She revealed that: “This year, we are well on track to raise those numbers,” stating that:
“The German missions remain committed to furthering the bilateral relations by granting visas to properly documented applications.”

She also assured that in the area of military cooperation, Germany will continue to stand by Nigeria.

She said: “This year marked a new chapter: the launch of our first Bilateral Annual Programme, bringing military experts from both countries together for in-depth exchanges and joint planning.

“Through the Bundeswehr Advisory Group, Germany has been a reliable partner — supporting Nigeria with field medical expertise and counter-IED operations, car mechanical training and other interventions.

“And we’re not stopping here. Germany will continue to stand with Nigeria in the fight against terrorism.

“Next month, we’ll take this cooperation to the next level: for the first time, high-level military staff talks will take place in Abuja, opening the door to even closer collaboration in the future.”

She also revealed other areas of cooperation which includes support for the Nigeria police force and the drug enforcement agency amongst others.

In the area of stabilization efforts at containing impacts of terrorism and climate change, the envoy said: “Germany is supporting the development of resilient state institutions and the strengthening of local communities.”

She said focus are on the North East (Borno, Adamawa, Yobe) and the North West (Zamfara, Sokoto, Katsina), “where initiatives such as the reconstruction of schools, health centres, markets, housing, and police stations are improving both security and daily life for local people.”

Nigeria-Germany Trade Volume Hits €3 billion – Envoy

Continue Reading

National News

NEC Endorses President Tinubu’s Proposal To Revamp Training Institutions For Security Agencies Nationwide

Published

on

NEC Endorses President Tinubu’s Proposal To Revamp Training Institutions For Security Agencies Nationwide

*Constitute committee to oversee overhaul of training facilities

*Okays anticipatory action framework to prevent riverine flooding across 36 states

*As VP Shettima urges states to align with President’s growth targets

By: Our Reporter

The National Economic Council (NEC) has endorsed President Bola Ahmed Tinubu’s proposal for the overhaul and revamp of training institutions for security agencies nationwide.
The President’s proposal followed a presentation made to Council by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, on the realisation of President Tinubu’s vision for a trillion-dollar economy, which also highlighted the necessity of investing more in security by the three tiers of government.

At its 152nd meeting held at the Presidential Villa, Abuja, NEC constituted a committee chaired by Enugu State Governor, Peter Mbah, to oversee the process of overhaul of training institutions for security agencies across the country.

The committee has a one month period to produce a blueprint for the renovation of training institutions for the Nigeria Police Force and sister agencies nationwide.
Addressing members of the Council, President Tinubu highlighted the need for government to fix training institutions and facilities for security agencies across the country, assuring that his administration would make concerted efforts to reverse the dilapidation in police training facilities nationwide.

“We have to make the conditions of the training facilities more conducive for both the trainers and trainees,” he said.
Other members of the NEC committee are Governors Uba Sani of Kaduna, Dapo Abiodun of Ogun, Kefas Agbu of Taraba, Umoh Eno of Akwa Ibom, Dauda Lawal of Zamfara, and Abdullahi Sule of Nasarawa, with former Inspector General of Police (IGP), Baba Usman, as secretary.

Also, President Tinubu urged state governors to also pay attention to issues that affect the wellbeing of the people particularly from the grassroot.

Earlier, Chairman of NEC, Vice President Kashim called on state governments to translate the optimism of the streets into real prosperity in homes and communities.

In his opening address, the Vice President Shettima reminded state governors that the measure of governance lies in the tangible improvement of citizens’ lives rather than rhetoric.

“The measure of government is not in speeches delivered; it is in the lives improved,” the Vice President said.

Highlighting one of the day’s major presentations, including the Anticipatory Action Framework for Riverine Flooding by the Office of the National Security Adviser (ONSA), VP Shettima reiterated the administration’s shift from reactive crisis management to proactive planning.

“It is no longer in doubt that rivers that once sustained our farmlands and livelihoods have also been the source of recurring tragedy for many of our citizens.

“Entire communities have watched their dreams drown in waters that could have been tamed through foresight and planning. True leadership anticipates danger and builds systems to prevent loss before it happens,” he said.

He commended the National Security Adviser, Malam Nuhu Ribadu, for leading the charge toward disaster preparedness across the federation, noting that the framework will strengthen early warning systems, coordination mechanisms, and subnational response capacities.

The Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu presented a NEC memorandum outlining Nigeria’s trajectory toward a $1 trillion economy by 2033, describing the target as a test of coordination and clarity.

According to the Vice President, “This ambition requires coordination across the federation. It is our duty as a Council to interrogate the pathways, to assign responsibilities, and to ensure that our targets are realistic, time-bound, and transparent to the citizens who expect results.”

He emphasised that the roadmap aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises macroeconomic stability, job creation, food security, and subnational competitiveness as anchors of national prosperity.

Senator Shettima also commended the Katsina Sustainable Platform for Agriculture (KASPA), a state-driven digital agriculture model designed to modernise service delivery and improve farmers’ access to data, markets, and climate information.

“Earlier this week, at the invitation of His Excellency, Governor Dikko Umaru Radda, I was in Katsina State. One of the progressive projects we launched is the Katsina Sustainable Platform for Agriculture, known as KASPA. It is a scalable framework for digital governance, farmer inclusion, and climate-smart productivity ready for sub-national adoption,” the Vice President said.

The platform, he noted, reflects the Council’s broader commitment to technology-enabled governance and inclusive agricultural growth that cuts across the thirty-six states and the FCT.

“The story of Nigeria’s recovery will not be written by chance but by choice—by the deliberate actions we take to protect our economy, safeguard our environment, and uphold the welfare of our citizens,” he said.

VP Shettima commended governors, ministers, and members of the Council for sustaining the NEC as a platform of trust, cooperation, and policy innovation.

Other highlights of the meeting are as follows:

NEC (6TH IN 2025) 153RD MEETING, THURSDAY, 23RD OCTOBER, 2025.

PRESS BRIEFING:

UPDATE ON ACCOUNT BALANCES AS AT OCTOBER, 2025

EXCESS CRUDE ACCOUNT – $535,823.39

STABILIZATION ACCOUNT – N87,665,172,169.67

NATURAL RESOURCES ACCOUNT – N141,585,815,908.16

UPDATE ON NEC AD-HOC COMMITTEE ON POLIO ERADICATION BY THE CHAIRMAN, ALH. MUHAMMAD INUWA YAHAYA, EXECUTIVE GOVERNOR OF GOMBE STATE

Chairman of the Ad-Hoc Committee briefed Council that since its inauguration, the Committee has convened four times (June–October 2025), strengthening political commitment and coordination.

That Epidemiological data show continued progress, with cVPV2 cases dropping by 44% from 109 in 2024 to 61 in 2025. Kano and Katsina achieved major reductions (89% and 88% respectively). However, Sokoto, Zamfara, and Kebbi reported new cases (8, 4, and 2), highlighting the need for ongoing vigilance. Gombe remains free of new cases.

That recent In-Between Round Activities (IBRA) led to significant gains:
i. Settlements reached rose from 77% in August to 97% in September.

ii. Vaccine coverage in insecure areas reached 90% across key states.

iii. The first phase of the National Integrated Campaign (launched by the First Lady on 6 Oct 2025) was conducted in five high-burden states, reaching 60% of settlements and vaccinating 73% (Polio) and 57% (Measles-Rubella) of targeted children as of 12 October 2025.

iv. The second phase began on 18 Oct 2025 in Gombe, continuing integrated vaccination efforts.

Current activities and next steps

  1. The nationwide Integrated Campaign commenced on 6th October 2025 is ongoing across five states — Kano, Katsina, Kebbi, Sokoto, and Zamfara.
  2. The Integrated Campaign delivers a comprehensive health package, including Measles-Rubella and Polio vaccines, Seasonal Malaria Chemoprevention (SMC), and Neglected Tropical Disease (NTD) interventions.

Council Resolution:
i. Council urged state governments to ensure release of funds to their structures to improve statewide immunization exercise.

ii. The NEC urged sustenance of momentum to reduce polio infection and spread thereby safeguarding every Nigerian child.

PRESENTATION ON KATSINA SUSTAINABLE PLATFORM FOR AGRICULTURE (KASPA) BY SSAP INNOVATION NASIR YAMMAMA

The National Economic Council received a presentation on the Sustainable Platform for Agriculture by the SSA to the President on Innovation, Nasir Yammama. The presentation was on the Katsina Sustainable Platform for Agriculture (KASPA) as a model for adoption by sub-nationals and part of solutions to challenges militating against improved agricultural productivity and sustainability in Nigeria.

The SSAP said the model which focuses on empowering smallholder farmers and developing the agribusiness value chain leverages technology to provide farmers with integrated agriculture assistance, including extension services and market linkages.

Council Resolution:

Council commended the innovation to deploy technology in addressing challenges faced by farmers across Nigeria and urged state governments to replicate the model in the bid to unlock the full potential of agricultural production regions across the country.

Council also directed the Ministry of Agriculture and Food Security to capture in its 2026 budget, the establish of the agriculture data and control centre in the 6 geopolitical zones of the country.

UPDATE ON THE NATIONAL ECONOMIC COUNCIL AD-HOC COMMITTEE ON CRUDE OIL THEFT PREVENTION AND CONTROL PRESENTED BY THE CHAIRMAN, SEN. HOPE ODIDIKA UZODINMA, GOVERNOR OF IMO STATE.

The Committee updated Council that it has met several times and Members have formed a common front to fight Oil Theft in Nigeria. Some Critical Stakeholders in the Industry were invited for discussions to extract very important information that will further the assignment of the Committee. The Committee also met with the Regulator NNPC, and some operators in the industry. Our determination to raise oil production is informed by the Nation’s quest for a One Trillion US Dollar Economy by the year 2030.

NEXT STEPS
Below are the next steps the Committee intends to undertake:

A. Obtain and analyze some important information/data from critical stakeholders to further assist its assignment.

B. Resolved to provide logistics support to outstanding States, Security Agencies and relevant Agencies in securing National Oil and Gas Assets.

C. Embark on physical visits by the Committee to all the Crude Oil Export Terminals

D. Carry out further Forensic Investigation

E. Periodically monitor the implementation of activities outlined in the workplan

Council Resolution:

Council commended the committee for a job well done and urged concerted efforts to improve crude production beyond the 1.72 million barrel per day and directed the committee to expand the scope of its work to cover illegal mining activities and theft of mineral resources across the country.

Council also noted that Nigeria is on course to hit 2.5 million barrels day by end of 2025.
End

Continue Reading

Trending

Verified by MonsterInsights