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Customs Explains Why Petrol Smuggling Thrives Despite Subsidy Removal

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The Nigeria Customs Service (NCS) has shed light on the continued prevalence of petrol smuggling out of Nigeria, attributing it to persistent cross-border price disparities despite the elimination of fuel subsidies.....KINDLY READ THE FULL STORY HERE▶

Speaking during the presentation of the Service’s Q1 2025 performance report in Abuja, Comptroller General Bashir Adeniyi explained that the illegal export of Premium Motor Spirit (PMS) to neighbouring countries—including Cameroon, Niger, and Benin Republic—remains profitable due to significant price differences.

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Adeniyi noted that while petrol sells between ₦880 and ₦950 per litre within Nigeria, it fetches much higher prices beyond the borders—up to ₦2,000 per litre in Cameroon, ₦1,600 in Niger, and similar rates in Benin Republic.

“Even after subsidy removal, the arbitrage opportunity remains. This is what continues to drive smuggling activities,” he stated. “It’s the reason we initiated Operation Whirlwind to curb the trend.”

The Customs CG also reported that petroleum products were among the most frequently seized items in the first quarter of 2025, second only to rice. The total value of seizures recorded by the NCS during the period stood at ₦7.7 billion.

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In terms of revenue, the agency disclosed that it generated ₦1.75 trillion from trade activities worth ₦36 trillion handled in the first quarter of the year.

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Saraki Rejects Planned Culpable Homicide Trial Move.

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The Peoples Democratic Party (PDP) in Kwara State has described moves to prosecute former Senate President Bukola Saraki and former Governor Abdulfatah Ahmed over alleged culpable homicide as an attempt to reopen the 2018 Offa robbery tragedy for political purposes.....KINDLY READ THE FULL STORY HERE▶

Tinubu Launches Urgent Strategy to Clear ₦4 Trillion Power Sector Debt

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Kogi APC Stakeholders Back Senator Karimi, Call For Unity In Party.

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Stakeholders of the All Progressives Congress (APC) in Kogi State have restated their support for Senator Sunday Steve Karimi, who represents Kogi West in the Senate, while also calling for unity within the party ahead of future elections.....KINDLY READ THE FULL STORY HERE▶

Court Sets June 17 To Hear El-Rufai’s ₦1 Billion Case Against ICPC.

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ADC Ticket Battle: Kwankwaso, Amaechi, Others Blast Atiku Over Supremacy Claims.

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A heated political exchange has erupted within the African Democratic Congress (ADC) presidential race, as camps backing former Vice President Atiku Abubakar’s rivals push back against his claims of superior popularity, especially in the North.....KINDLY READ THE FULL STORY HERE▶

Supporters of Peter Obi and Rabiu Kwankwaso rejected Atiku’s assertion that he remains the dominant northern vote-getter, insisting that such claims do not reflect today’s political realities.

The Kwankwasiyya Movement, aligned with a potential Obi-Kwankwaso ticket, dismissed Atiku’s influence in the North as largely elite-driven, arguing that Kwankwaso enjoys more genuine grassroots support.

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Former Transportation Minister Rotimi Amaechi also reacted, faulting Atiku’s position and questioning the logic of relying solely on regional identity as a basis for presidential ambition.

Atiku, in a recent interview, had maintained that none of his northern rivals, including Kwankwaso, can match his electoral strength, while downplaying Kwankwaso’s influence beyond Kano State.

His remarks sparked criticism across political circles, with some opposition figures describing them as arrogant and dismissive of other contenders.

Kwankwaso’s camp, however, maintained that both Kwankwaso and Obi have more “organic” support bases compared to politically induced followership, warning that such comments could deepen divisions within the ADC coalition.

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Amaechi also argued that the ADC presidential ticket should be determined through a competitive primary rather than consensus, insisting that all aspirants should be tested at the ballot.

The growing disagreement highlights rising tension within the opposition alliance ahead of the 2027 general elections, as key figures intensify positioning for the party’s presidential ticket.

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