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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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Tinubu arrives in Brazil for state visit

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President Bola Tinubu arrived in Brasília on Monday to begin a state visit focused on deepening diplomatic and economic relations between Nigeria and Brazil.

He was received at the Brasília Air Base by senior Brazilian officials, including Ambassador Carlos Sérgio Sobral Duarte and Brazil’s ambassador to Nigeria, Carlos José Areias Moreno Garcete. Nigeria’s Minister of State for Foreign Affairs, Bianca Ojukwu, also welcomed him.

According to Presidential Adviser Bayo Onanuga, Tinubu will be officially received with full military honours at the Planalto Palace, followed by a private meeting with Brazilian President Luiz Inácio Lula da Silva. The two leaders will also oversee the signing of several Memoranda of Understanding (MoUs) and address a joint press conference.

Tinubu’s delegation includes ministers, heads of agencies, and private sector leaders who will take part in bilateral meetings. The visit builds on ongoing cooperation in agriculture, defence, and trade, with recent milestones including a defence pact and strategic dialogue framework.

Key initiatives under review include the $1.1 billion Green Imperative Programme and a $2.5 billion investment by Brazilian meat processing giant JBS, both aimed at enhancing Nigeria’s food security and job creation.

This visit follows Tinubu’s recent engagements in Brazil during the BRICS Summit in July 2025 and the G20 Summit in November 2024, highlighting growing ties between the two nations.

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NEMA Emphasises on Waterways Safety Compliance by Commercial Boat Operators

So far, out of the 30 persons involved in the accident, 21 survived including 2 canoe operators, 6 dead bodies were recovered from the river and 3 persons are still missing.

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Sokoto Operations Office of NEMA (SOO) call on relevant regulatory authorities with jurisdiction over the waterways to enforce compliance of safety protocols and standard in the use of canoes and boats for transportation and commercial activities, particularly ensuring the use of life jackets by crew and passengers.

The call was made in response to another boat accident that happened on Friday 22nd August, 2025 in Garin-faji, Sabon-birni Local Government Area of Sokoto State.

Manzo Ezekiel NEMA Press unit Headquarters, Abuja, reported that a total of 30 persons were involved in canoe accident

” So far, out of the 30 persons involved in the accident, 21 survived including 2 canoe operators, 6 dead bodies were recovered from the river and 3 persons are still missing.

Search and rescue operation is still ongoing to find the 3 missing persons. However, the 6 bodies recovered from the water were already buried according to Islamic rite before the arrival of the joint team to the village.

NEMA, SOO responded to the report of the mishap yesterday alongside other stakeholders which include, NIWA, SEMA, Nigeria Army, Nigeria Red Cross, Sokoto State Ministry of Works, member representing Sabon-birni in the Sokoto State House of Assembly in the company of officials of the local government council and traditional leaders.

Sokoto Operations Office is closely monitoring the search and rescue operations and will continue to bring update on the incident.”

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NBC Celebrates 33 Years of Broadcasting Leadership in Nigeria

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…..As Director-General Reflects on the National Broadcasting Commission’s Legacy and Future.

In a message marking the 33rd anniversary of the National Broadcasting Commission (NBC), the Director-General, Charles Ebuebu, acknowledged the organization’s significant contributions to the Nigerian broadcasting landscape.

Established three decades ago, the NBC was created with the crucial role of regulating, guiding, and developing the broadcasting industry nationwide.

The Director-General’s message highlighted the NBC’s journey, acknowledging both the successes and challenges faced over the years.

The statement reads:

“To the Management and Staff of the NBC, Esteemed Licensees, and Fellow Nigerians:” “Today marks a significant milestone in our nation’s broadcasting journey”.

“The National Broadcasting Commission (NBC) was established 33 years ago with a singular mandate: to regulate, guide, and nurture the broadcasting industry in Nigeria”.

“Over these three decades, we have grown together — from the era of limited analogue transmissions to the present digital age where voices, stories, and innovations find expression across multiple platforms”.

“This anniversary is not merely about numbers, but about the shared commitment of our staff, the resilience of our licensees, and the trust of the Nigerian public”.

“It is about the values of professionalism, integrity, and service to the public interest that have carried us through the years.

I therefore extend my heartfelt congratulations to the Executive Board of Management, the entire NBC family, and indeed all stakeholders who continue to uphold these values”.

“Looking Back with Pride from the earliest days of national radio and television, through the liberalisation of the broadcast space, to the present drive towards digital switchover, the Commission has consistently sought to ensure that broadcasting remains a tool for education, information, and national integration”.

“We have weathered challenges, adapted to changes, and remained a pillar in upholding national standards”.

Looking Forward with Purpose.

“As we celebrate this 33rd anniversary, we must equally look to the future with clarity and resolve”.

“The landscape of broadcasting is changing rapidly — artificial intelligence, online streaming, satellite-driven platforms, and converged media are now defining the way societies consume information”.

“Nigeria cannot afford to be left behind.

The NBC is committed to:

Deepening Digital Transition: Ensuring the success of Nigeria’s Digital Switchover project, with platforms that guarantee universal access, affordability, and inclusivity.

  1. Strengthening Local Content: Supporting Nigerian creativity and talent so that our airwaves reflect who we are — our values, our cultures, and our aspirations.
  2. Promoting Responsible Broadcasting: Expanding our capacity to monitor, guide, and check misinformation, disinformation, and harmful content that threaten social cohesion.
  3. Harnessing Technology for Regulation: Deploying modern digital tools, including AI-driven monitoring and data-driven audience measurement systems, to keep pace with global standards.
  4. Partnerships and Collaboration: Working hand-in-hand with licensees, industry players, and international partners to create a broadcasting environment that is vibrant, innovative, and globally competitive.
  5. Our Shared Responsibility:
  6. Broadcasting is not only about regulation; it is about nation building. Every station, every producer, every regulator, and every viewer or listener is a custodian of our collective narrative.
  7. “Together, we can ensure that the airwaves remain a space of truth, creativity, education, and unity.
  8. “On this 33rd anniversary, let us renew our pledge — as management, staff, licensees, and the Nigerian people — to build a broadcasting industry that not only serves today but also secures the future”.
  9. “Congratulations once again to the NBC family and all our stakeholders”.
  10. “May the years ahead be marked by even greater achievements for the broadcasting sector and for Nigeria”.
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