National News
N195/Per Litre’ Independent Marketers To Shut Down Filling Stations Nationwide Monday
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
National News
Egbe Pledges Accountability, Visible Progress in Power Sector Reform
Egbe Pledges Accountability, Visible Progress in Power Sector Reform
By: Michael Mike
Nigeria’s Minister of Power, Joseph Olasunkanmi Tegbe, has assured Nigerians of his commitment to implementing far-reaching reforms aimed at improving electricity supply, strengthening sector accountability, and restoring public confidence in the nation’s power industry.
Speaking after settling into office following his confirmation by the Senate, the minister said his administration had already developed a structured reform agenda focused on discipline, measurable targets, and transparent communication with the public.

Tegbe expressed gratitude to President Bola Tinubu for the confidence reposed in him and disclosed that extensive consultations had been held with key institutions across the electricity value chain.
These engagements, he said, involved the Federal Ministry of Power, the Transmission Company of Nigeria (TCN), the Niger Delta Power Holding Company (NDPHC), the Nigerian Electricity Regulatory Commission (NERC), the Rural Electrification Agency (REA), and other major stakeholders.

According to the minister, the consultations have produced a common understanding among sector players on the need to accelerate reforms and improve service delivery to Nigerians.
He also revealed that discussions with international development agencies and financial partners had yielded encouraging outcomes, with several organizations indicating readiness to provide financial support to help address liquidity challenges that have long constrained the sector.

Highlighting early gains, Tegbe announced the revival of the 450-megawatt Alaoji Open Cycle Power Plant in Abia State, which had remained inactive for about three years. The facility, rehabilitated by the NDPHC, now has the capacity to contribute up to 375 megawatts to the national grid.
The minister further pointed to recent improvements in transmission infrastructure, noting that TCN had successfully energized new assets at Katampe in Abuja as well as substations in Ayede and Abeokuta, developments expected to enhance power delivery across several regions.
On consumer protection, Tegbe welcomed recent regulatory actions requiring electricity distribution companies to compensate Band A customers affected by supply shortfalls. He described the directive as evidence of a growing commitment to holding operators accountable while safeguarding the interests of consumers.
He also cited the swift restoration of electricity in parts of Abuja following the unexpected failure of a 100MVA transformer, praising the coordinated efforts of TCN and Abuja Electricity Distribution Company (AEDC) teams that resolved the outage within 24 hours.

The minister commended workers across the Ministry of Power and its agencies for their dedication and professionalism, while also acknowledging the support of private sector investors and partners. He assured stakeholders that efficiency, innovation and performance would be rewarded under his leadership.
While acknowledging the magnitude of challenges facing the electricity industry, Tegbe appealed to Nigerians for patience, stressing that decades of infrastructure deficits and systemic problems could not be resolved overnight.
He reiterated his commitment to realistic expectations and transparent governance, promising that while he would not make unrealistic pledges, citizens would witness steady improvements and receive regular updates on progress in the sector.
The minister said the reform process was already underway and expressed confidence that sustained collaboration among government institutions, private investors and development partners would ultimately deliver a more reliable and efficient power system for the country.
egbe Pledges Accountability, Visible Progress in Power Sector Reform
National News
China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja
China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja
By: Michael Mike
Nigeria and China have reaffirmed their commitment to deepening cultural cooperation and people-to-people relations through the launch of the “Hello Nigeria—2026 Panda Painting Interactive Experience,” an initiative aimed at promoting friendship, creativity and mutual understanding between the peoples of both countries.
The event, held at the China Cultural Centre in Abuja, brought together diplomats, government officials, artists, cultural practitioners, students and members of the diplomatic community to celebrate the power of art as a tool for international dialogue and cultural exchange.
Speaking at the opening ceremony, Minister of the Chinese Embassy in Nigeria, Zhou Hongyou, described the giant panda as a symbol of peace, harmony and inclusiveness, noting that the exhibition was designed to build bridges between Chinese and African cultures through artistic expression.

According to him, the interactive programme combines the cultural heritage of China’s Sichuan Province—the natural home of the giant panda—with Africa’s vibrant artistic traditions, creating a platform for meaningful engagement among young people and cultural enthusiasts.
“The panda transcends language and borders. Through art, creativity and cultural exchange, we hope to foster deeper understanding and friendship between our peoples,” Zhou said.
The Chinese diplomat noted that the event comes at a significant moment in bilateral relations, as 2026 marks the 55th anniversary of diplomatic ties between Nigeria and China and has been designated as the China-Africa Year of People-to-People and Cultural Exchanges.
He stressed that while economic cooperation remains important, sustainable relations between nations are ultimately built on trust, mutual respect and appreciation of each other’s cultures.
Zhou disclosed that the Chinese Embassy and the China Cultural Centre would continue to expand cultural programmes, youth exchanges, language learning opportunities and artistic collaborations to further strengthen ties between both countries.
Also speaking, Permanent Secretary of the Federal Ministry of Art, Culture and the Creative Economy, Abdulkarim Ozi Ibrahim, said cultural initiatives such as the Panda Painting Interactive Experience demonstrate the ability of art to unite people across linguistic, geographical and social boundaries.
He described the programme as a practical example of cultural diplomacy in action, emphasizing that creative engagement promotes shared values, mutual respect and peaceful coexistence among nations.
“The creative sector serves as a powerful platform for fostering peace, inclusion and sustainable development. Through culture, we are able to build bridges, strengthen relationships and celebrate our shared humanity,” Ibrahim said.
The Permanent Secretary reaffirmed the Federal Government’s commitment to supporting programmes that encourage intercultural dialogue, artistic innovation, cultural tourism and international partnerships.
He noted that cultural exchanges play an important complementary role to diplomatic and economic relations by creating stronger connections among citizens, particularly young people who will shape the future of both countries.
In his goodwill message, Director-General of the National Gallery of Art, Ahmed Bashir Sodangi, highlighted the transformative role of the arts in promoting understanding and friendship among diverse peoples and cultures.
He described the giant panda as an internationally recognized symbol of friendship and environmental consciousness whose message resonates across continents.
According to Sodangi, the event offers participants an opportunity not only to explore artistic creativity but also to reflect on values such as unity, cultural diversity and environmental stewardship.
He commended the Chinese Embassy for its sustained investment in cultural diplomacy and people-to-people engagement, noting that such initiatives contribute significantly to strengthening the longstanding relationship between Nigeria and China.
“The arts remain one of humanity’s most effective instruments for fostering understanding and building bridges across cultures. Programmes like this create opportunities for learning, collaboration and lasting friendship,” he said.
Throughout the event, speakers emphasized the importance of youth participation in cultural exchange programmes, describing young people as the custodians of future relations between both nations.
Students from various international schools participated in painting activities inspired by the panda, while cultural displays showcased the shared values of peace, creativity and cooperation that underpin Nigeria-China relations.
The event also highlighted growing collaboration between cultural institutions in both countries and reinforced the role of the creative economy as a vehicle for diplomacy, tourism, education and international engagement.
As Nigeria and China celebrate 55 years of diplomatic relations, officials from both countries expressed optimism that cultural initiatives such as the Panda Painting Interactive Experience would deepen mutual understanding, inspire new artistic collaborations and strengthen the bonds of friendship between their peoples for generations to come.
China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja
National News
NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens
NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens
By: Michael Mike
The National Association of Nigerian Students (NANS) has cautioned against calls for statewide strikes and mass protests over the recent abduction of teachers and pupils in Oyo State, arguing that such actions could inadvertently serve the objectives of terrorists and kidnappers.
In a statement signed by its National President, Comrade Akinteye Babatunde Afeez, the student body expressed deep concern over the plight of the abducted children and teachers, describing the situation as heartbreaking and unacceptable.
The statement was issued in response to a call by the Campaign for Democratic and Workers’ Rights (CDWR) urging the Nigeria Union of Teachers (NUT), the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to embark on statewide industrial action and mass protests over the security situation.
While acknowledging the constitutional rights of individuals and groups to freedom of expression and association, NANS stressed that such rights must be exercised responsibly, particularly during a sensitive national security crisis.
According to the association, shutting down economic and social activities through strikes could play into the hands of terrorists whose aim is to create fear, instability and national disruption.
“It breaks the heart to see children sent to school by their parents and guardians end up as bargaining chips in the hands of kidnappers,” the statement said, adding that no responsible government would stand by and allow innocent schoolchildren to remain in captivity.
NANS argued that rather than mobilising for strikes and protests, Nigerians should unite in support of efforts aimed at securing the safe return of the abducted victims and defeating terrorism.
Drawing parallels with international experiences, the student body cited Israel’s response to the 2023 Hamas attacks, noting that citizens rallied behind efforts to rescue hostages while maintaining national unity despite deep political differences.
The association also recalled Nigeria’s resilience during difficult periods in its history, including the civil war and predictions of national disintegration ahead of the 2015 elections, saying the country had repeatedly demonstrated its ability to overcome major challenges through unity.
“Nigeria has faced and overcome difficult moments before. If we were able to unite and defeat predictions of national collapse, we can also unite to confront terrorism and insecurity,” the statement noted.
NANS further urged Nigerians to view the fight against terrorism as a collective responsibility rather than solely the burden of government, insisting that citizens, communities and institutions must work together to address the security challenge.
The association maintained that while governments may come and go, the nation and its people remain, making it imperative for all stakeholders to place national interest above partisan or sectional considerations.
The statement comes amid growing public concern over the recent wave of school-related abductions, with security agencies continuing efforts to secure the release of the affected teachers and pupils. NANS expressed hope that the victims would regain their freedom soon and called on Nigerians to remain united in the face of the security challenge.
NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens
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