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Breaking: Ex‑Depot Rate Falls, Marketers Slash Pump Price in Fresh Dangote-Driven Shift
Petroleum marketers under the Independent Petroleum Marketers Association of Nigeria (IPMAN) have announced a reduction in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, effective Tuesday, July 15....KINDLY READ THE FULL STORY HERE▶
This adjustment follows Dangote Refinery’s decision to lower its ex‑depot price from ₦840 to ₦820 per litre, a move that prompted IPMAN members to review their retail prices.
Speaking with journalists after an emergency meeting in Abuja, IPMAN National President, Abubakar Maigandi, confirmed the new pricing structure.
“We met on Tuesday and agreed to reduce the price of petrol to between ₦900 and ₦920 per litre for our members in Abuja and the North Central region,” Maigandi said, as quoted by Daily Post.
He further explained that marketers in other parts of the country will now sell petrol at prices ranging from ₦860 to ₦890 per litre, depending on transportation costs and local conditions.
“Nigerians are happy because we’ve seen a consistent reduction in fuel prices in recent weeks,” Maigandi added.
The price cut comes barely a week after Dangote Refinery—with a daily refining capacity of 650,000 barrels—announced its second downward price review for July, a move that has been credited with helping to stabilise domestic fuel costs.
This development coincides with a public holiday declared by the Federal Government in honour of former President Muhammadu Buhari, who passed away in London on Sunday, July 14, 2025. His burial is scheduled to hold on Tuesday in his hometown, Daura, Katsina State.
The reduction also mirrors the global dip in crude oil prices, with Brent crude trading at $69.10 per barrel and West Texas Intermediate (WTI) at $66.98 as of Monday—both below earlier figures above $70.
Industry analysts note that the price cut, combined with the refinery’s aggressive pricing strategy, highlights the positive effects of ongoing downstream sector liberalisation and a market-driven approach aimed at easing the burden on Nigerian consumers.
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‘Kwankwaso Is More Experienced Than Peter Obi’ – Buhari’s Ex-Aide Declares.
Ahmad made the assertion in a post on his X handle, maintaining that Kwankwaso’s decision to accept the position of running mate should be seen as an act of political modesty rather than an indication that he is less qualified than Obi.....KINDLY READ THE FULL STORY HERE▶
According to the former presidential aide, the relationship between the two politicians should be viewed as one of equals rather than that of a superior and a subordinate.
“To be entirely candid, the political dynamic between Rabiu Kwankwaso and Peter Obi ought to be characterised as one of collegiality between peers, rather than a hierarchy of principal and subordinate,” he wrote.
He added, “The choice to assume a deputy role beneath Obi ought to be interpreted as a testament to political modesty.”
Making a case for Kwankwaso’s political experience, Ahmad recalled that the former Kano State governor served as Deputy Speaker of the House of Representatives before Obi became a prominent figure in national politics.
He also noted that Kwankwaso governed Kano State, which he described as Nigeria’s most populous and politically influential state, for two terms and served as a federal minister.
“If we are assessing political experience, Sen. Kwankwaso probably has a longer and more impressive political background than Peter Obi,” Ahmad stated.
In contrast, the former presidential aide argued that Obi’s major public office experience was limited to his tenure as governor of Anambra State.
“Unlike other candidates, Peter Obi was just a former governor of Anambra State,” he wrote.
Latest News
‘I Have Stopped Impregnating Women’ – 2Baba Makes Shocking Revelation.
Nigerian music star Innocent Idibia, popularly known as 2Baba, has declared that he no longer impregnates women.....KINDLY READ THE FULL STORY HERE▶
The singer made the statement on Saturday during a live performance at Rehab Lounge in Calgary, Canada.
While performing his hit song True Love, 2Baba paused to interact with the audience and playfully asked the women present to identify where his true love was.
He jokingly wondered whether she was standing at the back of the venue or somewhere in front of him before making a remark about his experiences with women.
The award-winning musician told the audience that he had stopped getting women pregnant, adding that he had been making the same confession wherever he performed recently.
He said, “For the purpose of this show, I will pretend like I’ve never seen anything before. Where’s my true love? Is she back there? Is she right here? Is she somewhere here? Where’s my true love? You people shouldn’t put out me for trouble.
“As I said, some ladies they fear to shout. See, everywhere I go these days, I make this confession. As I say, some ladies they fear to shout. I say, I don’t fear to shout. Because I don’t stop to dey give woman belle. Ask anyone, they’ll tell you, I don’t do such thing things again.”
The singer’s comment comes amid public interest in his personal life and relationships.
2Baba was previously married to Nollywood actress Annie Macaulay-Idibia. The couple announced their separation in January 2025 after having two children together.
Latest News
NPFL Cracks Down! Abia Warriors, Katsina United, Warri Wolves Hit With Sanctions.
Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.....KINDLY READ THE FULL STORY HERE▶
Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.
The Umuahia-based club was also found guilty of an attempt by one of its officials to disrupt the live broadcast of the match by harassing a crew member of the league’s broadcast partner.
As part of the disciplinary measures, Abia Warriors’ multimedia officer, Chidera Favour Igwe, has been suspended from all NPFL match activities for five matches.
Katsina United, meanwhile, were fined ₦2 million for failing to provide adequate and effective security during their home fixture against Plateau United.
The club was also sanctioned for allowing supporters to encroach onto the field of play during the encounter.
Warri Wolves Receive Heaviest Punishment
Warri Wolves have been handed the most severe sanctions following the unruly behaviour of their supporters during Sunday’s Matchday 10 clash against Kano Pillars in Ozoro.
The Seasiders were fined ₦4.2 million and docked three points and three goals from their accumulated tally. The club was also ordered to play its next three home matches behind closed doors.
According to the NPFL, Warri Wolves failed to provide adequate security at the stadium, resulting in an assault on match officials after the final whistle.
The league further disclosed that the second assistant referee sustained a nose injury and was left bleeding during the incident.
The NPFL stated that all three clubs have 48 hours from the date of notification to appeal their respective sanctions in accordance with the league’s disciplinary procedures.
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