News
MAN says hike in petrol price inevitable

Segun Ajayi-Kadir, the Director – General of Manufacturers Association of Nigeria (MAN) says the increase in the domestic petrol pump price is inevitable.
” Right from the time fuel subsidy was either reduced or removed, it became inevitable that the price may rise. You will also note the sharp decline in the value of the Naira and the impact it is bound to have on the importation of fuel,” Ajayi-Kadir told journalists in Lagos, today.
He was reacting to the recent increase in price of petrol from ₦568 per litre to ₦855 per litre, being implemented across NNPC filling stations.
Ajayi-Kadir, said : “From what I can glean, the reasons for the increase are not far-fetched.
Globally, there is an increase in crude oil prices. Our refineries are not producing and we import fuel.
The increase in cost of crude oil will have direct impact on the cost of importing fuel into Nigeria and expectedly, the NNPC would at some point, adjust domestic prices.”
Impact on economy
So, in terms of what the impact might be and judging from what we have witnessed in the past, the cost of transportation may increase, and so would the prices of goods and services. As the cost of petrol rises, consumers will spend more on transportation and energy, leaving them with less disposable income.
This decrease in purchasing power may lead to reduced demand for non-essential goods and services, affecting businesses across various sectors.
These are pointers to the high possibility of a rise in inflation figures, impacting household budgets.
One is naturally worried about the impact on the already lackluster performance of the manufacturing sector. In particular, there is no doubt that it will add to production input and logistics costs. These will lead to higher prices and in the face of dwindling disposable income of the average Nigerian.
A further deep in consumer demand will see manufacturers’ unplanned inventory rising and reduction in capacity utilization.
Manufacturing performance would be negatively impacted. Businesses may need to adjust their pricing strategies, which could lead to reduced profit margins if consumer demand weakens. Small and medium-sized enterprises (SMEs), which often operate on thin margins, could be particularly hard-hit.
The increased costs could force some to scale down operations or even shut down if they are unable to pass on the additional costs to consumers.
News
States slashing power tariff must pay subsidy – NERC
In a notice on Thursday, the national power regulator advised state governments to reflect the wholesale costs in tariffs or be ready to pay subsidies for any tariff shortfall.

The Nigerian Electricity Regulatory Commission has said that state governments do not have jurisdiction over the national grid and over electric power stations established under federal laws or operating under licences it issued.
The commission stated this in its reaction to the controversies generated by the Enugu Electricity Regulatory Commission’s decision to slash the Band A tariff.
In a notice on Thursday, the national power regulator advised state governments to reflect the wholesale costs in tariffs or be ready to pay subsidies for any tariff shortfall.
The commission acknowledged that states that have assumed full regulatory oversight over their intrastate markets are now authorized to create and regulate transactions in their state electricity markets, saying this extends to the development of tariff methodologies that shall apply to end-use customers in their respective states.
(The PUNCH).
News
Legal Practitioners’ Committee Elevates 57 New Lawyers to SAN
The list comprised 56 advocates and one from the academia.

The Legal Practitioners’ Privileges Committee (LPPC) has unveiled the list of lawyers newly elevated to Senior Advocate of Nigeria (SAN).
The list comprised 56 advocates and one from the academia.
In the document signed by the Chief Registrar of the Supreme Court and Secretary of the LPPC, Mr. Kanir Eniola Akanbi, the list was approved by Chief Justice of Nigeria (CJN), Hon. Justice Kudirat Kekere-Ekun, at the LPPC’s 169th Plenary Session held on Thursday.
Akanbi stated, “The rank of Senior Advocate of Nigeria is conferred as a mark of professional excellence upon legal practitioners who have demonstrated exceptional distinction either as advocates in the courts or as academics contributing significantly to the development of legal scholarship.
News
Ododo Moves to Crush Banditry in Olle-Bunu as Army Deploys 12 Brigade Troops
“Let no criminal feel safe. Let no informer sleep in peace. This is our home. We must defend it together,” Commander Omodara declared.

In a decisive push against rising insecurity, the Kogi State Government has deployed operatives of the Nigerian Army’s 12 Brigade to Olle-Bunu in Kabba/Bunu Local Government Area to stem the tide of banditry threatening the area and its environs.
The deployment, which followed credible intelligence reports of fleeing armed bandits attempting to infiltrate the community, was formalized during a strategic visit by the State Security Adviser, Commander Duro Jerry Omodara (Rtd), who delivered a clear message: Kogi will not cede an inch of its territory to criminals.
The move is part of Governor Ahmed Usman Ododo’s comprehensive and aggressive approach to securing lives and property across the state.
With major flashpoints like Odo-Ape already sealed off through joint operations of the military, hunters, and vigilante groups, Olle-Bunu had emerged as a potential escape corridor for displaced criminal elements.
Commander Omodara, addressing traditional rulers, youth leaders, and community stakeholders during the visit, warned that anyone aiding or abetting criminals—be it as informants, transporters, or harborers—would be treated as an enemy of the state.
“This deployment is not just about chasing bandits. It’s a strong message that wherever they run, we will follow. Our communities must be safe for development, safe for our children, and safe for our future,” he said.
The Nigerian Army has since established a temporary forward operations base in the community and ramped up patrols and surveillance.
With major flashpoints like Odo-Ape already sealed off through joint operations of the military, hunters, and vigilante groups, Olle-Bunu had emerged as a potential escape corridor for displaced criminal elements
Major Usman Mohammed, who represented the Brigade Commander, reiterated the army’s readiness to confront threats and praised the government for its support.Community members welcomed the intervention.
Speaking on behalf of the Olle-Bunu people, Elder John Ebajemito pledged full cooperation with security forces and thanked Governor Ododo for his proactive leadership.
“This government has shown that security is not negotiable. We will work hand-in-hand with the army to ensure no criminal finds refuge in Olle-Bunu,” he assured.
The Kogi State Government has also urged citizens to remain vigilant and report suspicious movements. According to the Security Adviser, community intelligence remains the soul of effective security, and every citizen has a role to play.
The deployment underscores Governor Ododo’s zero-tolerance stance on insecurity, and his unwavering commitment to making every community in Kogi State safe and secure.
“Let no criminal feel safe. Let no informer sleep in peace. This is our home. We must defend it together,” Commander Omodara declared.
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