Latest News
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.
.
Kaduna State Governor, Uba Sani, says the state has mapped out 22,435 hectares of degraded land for restoration under the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project using modern geospatial mapping technology.....KINDLY READ THE FULL STORY HERE▶
He said the initiative is part of efforts to strengthen climate resilience, tackle environmental degradation, and promote sustainable land use in the state.
Speaking at the ACReSAL mid-term review meeting in Kaduna through the Commissioner for Environment and Natural Resources, Abubakar Buba, the governor explained that the use of geospatial tools has made it possible to accurately identify affected areas for targeted intervention.
He added that the project is not only focused on land recovery but also on boosting agricultural output and improving livelihoods in affected communities.
Sani also noted that the state is supporting the programme with empowerment initiatives, including training over 500 women, youths, and school feeding vendors in biomass briquette production.
According to him, the effort is already helping to reduce dependence on firewood while creating alternative sources of income for beneficiaries.
President Tinubu has given full backing for the implementation of the ₦68.32 trillion 2026 budget after signing the Appropriation Bill passed by the National Assembly into law.....KINDLY READ THE FULL STORY HERE▶
He also approved an amendment extending the lifespan of the 2025 budget from March 31 to June 30, 2026, to ensure completion of ongoing capital projects nationwide.
Under the 2026 fiscal plan, ₦4.799 trillion is set aside for statutory transfers, ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent spending, while ₦32.2 trillion goes to capital projects—about half of the total budget.
The focus, according to the administration, is on infrastructure development, security, and growth-driven investments aimed at improving living standards.
Speaking on the development, presidential aide Bayo Onanuga said the extension of the 2025 budget will help ensure full use of allocated funds, especially for major ongoing projects.
Tinubu directed all ministries, departments, and agencies to ensure transparency, discipline, and value-for-money in implementing the budget, while praising the National Assembly for its swift passage of the bill.
He also reaffirmed his administration’s commitment to economic reforms, revenue growth, job creation, and social welfare improvements.
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▶
In a statement on Friday, the party’s spokesperson, Olusegun Adewara, said the development is a disturbing and dangerous politicisation of a case they claim has already been addressed through judicial processes.
He warned against dragging the state into fresh tension, accusing the state government of attempting to revive old allegations for political advantage.
Adewara said the PDP would not remain silent while what he called “political narratives” are used to influence public perception around a tragic incident that claimed multiple lives in Offa in 2018.
He also urged residents, especially affected families, not to allow their pain to be used for political gains, insisting it is unjust to associate Saraki with the crime.
The party further alleged that the move is aimed at distracting attention from governance challenges in the state.
-
latest8 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges