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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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Dangote Refinery Begins Nationwide Fuel Distribution Amid Mixed Reactions

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The Dangote Refinery has officially commenced the distribution of refined petroleum products across Nigeria, marking a significant milestone in the country’s quest for energy self-sufficiency. However, the development has sparked mixed reactions from stakeholders and citizens alike.

The refinery, located in the Lekki Free Trade Zone of Lagos State, is Africa’s largest and one of the world’s biggest single-train refineries. With a capacity to process 650,000 barrels of crude oil per day, the launch of fuel distribution is expected to reduce Nigeria’s reliance on imported petroleum products.

While government officials and industry leaders have hailed the move as a “game changer” for the Nigerian economy, some citizens and market observers have expressed concerns over pricing, distribution efficiency, and transparency in the supply chain.

Energy analysts note that while the refinery’s operations could stabilize fuel supply and potentially lower prices in the long run, the immediate impact on pump prices remains uncertain due to global crude oil dynamics and local policy factors.

The Dangote Group, led by billionaire industrialist Aliko Dangote, has described the development as a major step toward ending Nigeria’s fuel import dependency and boosting local employment and investment.

As fuel tankers begin to roll out from the refinery to different parts of the country, all eyes are on how this new phase will shape Nigeria’s downstream sector — and whether it will bring long-awaited relief to consumers.

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Niger State Makes Preaching An Offense Without Licences

The Director- General of the Niger State Religious Affairs, Umar Farooq, had said anyone interested in preaching in Niger must obtain a licence, emphasising that preachers had two months to obtain their licences.

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Governor Umar Bago of Niger State has said it is mandatory for preachers in the state to submit their sermons for approval.

He spoke on TVC’s Politics on Sunday: “I didn’t ban evangelism… For everyone going to sermon on Friday, he should bring his scriptures for review, and it’s normal. Even in Saudi Arabia, this is done.

“We cannot say because you have been given the opportunity to be a cleric you will go out and preach the gospel that is anti-people, anti-government and you think it’s normal.”

Asked if it was out of fear of indoctrination, the governor said, “It’s in that direction. We want to be able to see what they are preaching, hear what they are saying.

We are working together with security agencies; the Department of State Services (DSS), the Police, Nigeria Security and Civil Defence Corps (NSCDC) and the military.”

The Director- General of the Niger State Religious Affairs, Umar Farooq, had said anyone interested in preaching in Niger must obtain a licence, emphasising that preachers had two months to obtain their licences

.“It is true, the State Government has banned preaching. Any preacher who wants to preach must secure a licence between now and the next two months.”

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No Danger from Ikeja Gas Odour, Rescue Ongoing at Ebute-Metta Collapse – Lagos Fire Service Assures (Photos)

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The Lagos State Fire and Rescue Service has assured residents and commuters within the Ikeja axis that there is no cause for alarm following the detection of a passive gas odour in the area.

In a statement released on Saturday, the agency attributed the odour to a routine gas pipeline maintenance exercise being carried out by Axxela Group, the parent company of Gaslink, which operates gas pipelines supplying parts of Lagos.

According to the Fire Service, the exercise involves the controlled release of residual gaseous particles and poses no threat to public safety. Fire and Rescue teams are actively patrolling the area as a precautionary measure.

“The public is hereby assured that the situation is under control,” the statement read. “The saturated air is expected to dissipate shortly, and residents are advised to go about their normal activities without fear.”

In a separate incident, the Lagos State Fire and Rescue Service also confirmed that a four-storey building under construction collapsed at 333 Borno Way, Alagomeji, Ebute-Metta, at approximately 7:46 p.m. on Friday.

Emergency responders, including the Fire Service, have rescued three adult male victims alive from the rubble.

However, search and rescue operations are ongoing as two construction workers are still believed to be trapped.

All relevant emergency services are currently on the scene, and further updates will be provided as the situation develops.

Residents are urged to remain calm and follow official communication channels for verified information.

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