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JUST IN: Petrol: Marketers Lamenting as Nigerians Shun Buying Above N1000/Litre

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With the price of a litre of petrol now above ₦1,000 in most filling stations across Nigeria, petrol marketers have lamented low patronage at their retail outlets nationwide.

They said marketers are now cutting workers and shifts because of high pricing and low returns on investment.

The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, was in an interview on Monday with a spokesman for the Independent Petroleum Marketers Association of Nigeria (IPMAN),Ukadike Chinedu.

Gillis-Harry said, “Marketers, retail outlet owners, all of us in the industry are finding it difficult to cope with the current situation, we used to buy 45,000 litres of fuel a couple of months ago for less than 8.5 million naira but today, we have to cough out about 49 million naira to buy the product.

“Financial institutions are not coming to our rescue. The cost of money is so high, it is so difficult to even sell, what we get to our retail outlets is not quickly bought because Nigerians also have the challenge with their buying power.”

On his part, IPMAN spokesman Ukadike Chinedu said filling stations nationwide have become ghost places as middle-class Nigerians have abandoned their vehicles and embraced public transportation.

“Most of the money we use in investing is bank money. It’s being borrowed and the interest rate is also high. There is no return on investment because the more we sell, the more we make profits,” Chinedu said.

“Now the volume of trade in the filling stations is very low because of the characteristics of the buyers who have now dropped some of their luxury vehicles with V8 and are now using alternative transportation.

“If you check some of the filling stations these days, you will find out that there is skeletal or ghost buying, two, or three cars will just come in and buy. We are no longer talking about scarcity, we are now talking about price differentials.

”The two unions urged President Bola Tinubu to provide ₦100bn as a seed fund for oil marketers to stay afloat, just like the aviation and agricultural sectors.

Nigerians are grappling with the weight of unprecedented food inflation, and energy prices which have quadrupled in the last year under the Tinubu administration.

Specifically, the price per litre of petrol jumped from less than ₦200 to over ₦1,000. Many people have blamed the twin policies of petrol subsidy removal and unification of forex rates for the high living costs that have assailed the middle class.

Citizens have staged two major protests to drive home their grievances against the Tinubu administration and pressured the All Progressives Congress (APC) government to reverse its “reforms” but the current administration has insisted that its policies are necessary and won’t be reversed.

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President Tinubu Signs updated List of Eligible Beneficiaries of State Pardons

Consequently, certain persons convicted of serious crimes such as kidnapping, drug-related offences, human trafficking, fraud, unlawful possession of firearms/arms dealing, etc, were deleted from the list.

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President Bola Ahmed Tinubu, has executed the relevant instruments of release to complete the process of formally exercising his constitutional power of prerogative of mercy to grant pardon and clemency to specific individuals who were earlier convicted for various offences.

Bayo Onanuga, Special Adviser to the President (information & Strategy), disclosed this in a statement on Wednesday.

He said that following consultations with the Council of State and public opinion on the matter, the President directed a further review of the initially approved list for consideration in furtherance of the President’s discretionary powers under Section 175(1)(&(2) of the 1999 Constitution (as amended).

Consequently, certain persons convicted of serious crimes such as kidnapping, drug-related offences, human trafficking, fraud, unlawful possession of firearms/arms dealing, etc, were deleted from the list.

Others who had been hitherto pardoned in the old list had their sentences commuted.

This action became necessary in view of the seriousness and security implications of some of the offences, the need to be sensitive to the feelings of the victims of the crimes and society in general, the need to boost the morale of law enforcement agencies and adherence to bilateral obligations.

The concept of justice as a three-way traffic for the Accused, the Victim, and the State/Society also guided the review.

The approved list of eligible beneficiaries has been transmitted to the Nigerian Correctional Service for implementation in line with the duly signed instruments of release.

Furthermore, to ensure that future exercises meet public expectations and best practices, the President has directed the immediate relocation of the Secretariat of the Presidential Advisory Committee on Prerogative of Mercy from the Federal Ministry of Special Duties to the Federal Ministry of Justice.

President Tinubu also directed the Attorney-General of the Federation to issue appropriate Guidelines for the Exercise of the Power of Prerogative of Mercy, which includes compulsory consultation with relevant prosecuting agencies.

This will ensure that only persons who fully meet the stipulated legal and procedural requirements will henceforth benefit from the issuance of instruments of release.

The President appreciated the constructive feedback and engagement from stakeholders and the general public on this matter.

President Tinubu also reaffirmed his administration’s broader commitment to judicial reforms and improving the administration of justice in Nigeria.

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170 Foreigners Seeking Nigerian Citizenship – Tunji Ojo

According to the Minister, the 170 applications will undergo rigorous scrutiny by a high-level panel comprising representatives from the Department of State Services, the Nigeria Immigration Service, the Ministry of Justice, and the Ministry of Foreign Affairs.

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One hundred and seventy (170) foreign nationals are seeking Nigerian citizenship.

Olubunmi Tunji-Ojo, Interior Minister, disclosed this in Abuja after chairing a meeting of the Citizenship Advisory Committee, which vets all citizenship requests before forwarding recommendations to President Bola Tinubu for approval.

Tunji-Ojo noted that citizenship of the world’s largest Black nation is not for everyone.

“Anyone who holds the citizenship of our great country must be a person of strong character and impeccable integrity, reflecting the true values of Nigeria,” he declared.

According to the Minister, the 170 applications will undergo rigorous scrutiny by a high-level panel comprising representatives from the Department of State Services, the Nigeria Immigration Service, the Ministry of Justice, and the Ministry of Foreign Affairs.

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NPF to celebrate 70 years of women in policing

In a statement by the Force Public Relations Officer, CSP Benjamin Hundeyin, on Wednesday, the celebration is scheduled to hold from December 3 to 4, 2025, and will bring together serving and retired female officers alongside the Inspector-General of Police, Kayode Egbetokun.

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The Nigeria Police Force has announced plans to celebrate 70 years of women in policing, honouring seven decades of courage, resilience, and service since the first set of female officers were enlisted in 1955.

In a statement by the Force Public Relations Officer, CSP Benjamin Hundeyin, on Wednesday, the celebration is scheduled to hold from December 3 to 4, 2025, and will bring together serving and retired female officers alongside the Inspector-General of Police, Kayode Egbetokun.

The statement noted that the milestone “underscores the vital role of women in strengthening law enforcement and fostering community trust across the nation.

It added that the IGP commended the invaluable contributions of female officers to the operational effectiveness and public image of the Force, saying their “dedication and compassion have continued to be integral to the foundation of policing in Nigeria.”

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