News
Why Nigerians are yet to enjoy significant fuel price drop – Marketers
The Independent Petroleum Marketers Association of Nigeria has explained that the eventual renewal of the naira-for-crude deal between the Nigerian government, the Dangote Refinery and other refiners could not crash the price of Premium Motor Spirit because of the forces of demand and supply and depreciation in the foreign exchange rate.
The spokesperson of IPMAN, Chinedu Ukadike, disclosed this to newsmen in an interview on Tuesday.
Ukadike was commenting on why Nigerians did not see a drastic fuel price crash in the local market despite the downturn in global crude oil prices, which stood at $65 per barrel and $61 for Brent and WTI crude blends, respectively, on Tuesday morning, according to oilprice.com.
Global crude prices had dropped from around $67 before the emergence of United States of America President Donald Trump’s administration’s tariff war.
In the last few days, Trump and China had engaged in tit-for-tat over tariffs impacting global trade, including crude oil.
Similarly, the recent agreement on supply cuts by the Organisation of Petroleum Exporting Countries, OPEC+, had also triggered the downward slide of crude oil prices.
However, since Trump announced a global tariff pause except for China, there has been a noticeable respite in global crude prices.
Meanwhile, Nigerians have lamented that they are yet to feel the impact of the global crude price drop on local prices.
A resident of Abuja, Nurudeen Abdullahi, said that with the continuation of naira-for-crude and the price of crude in the international market, he expects local petrol to be no more than N850 per litre.
“To be fair with you, local petrol prices should be around N850 per litre or less following the current benchmark of crude oil prices, which stood around $65 per barrel, down from $72,” he said.
Another Nigerian, Evelyn Adebayo, expressed a similar view over expectations of the crash of local fuel prices.
“I believe refiners and marketers are not fair to Nigerians. If it were petrol price hike, they would have implemented it without hesitation.
“But I am surprised that local petrol prices did not drop in a commensurate level as crude prices in the international market,” she stated.
Dangote Refinery had announced a N10 reduction in its ex-depot price of petrol.
Its decision to reduce ex-depot petrol prices follows the commitment to continue the Naira-for-crude by the Nigerian government implementation committee.
Reacting, Ukadike exonerated marketers, insisting that the price of local petrol did not drop as expected because of forces of demand and supply.
He added that Nigeria’s foreign exchange rate, which stood at N1,604.48 per dollar at the official market as of Tuesday, may also be the reason local fuel prices did not crash.
“The forces of demand and supply in the downstream sector, and the cost of foreign exchange also determine the price of crude and its by-product, fuel.
“The current price of petrol is competitive and fair enough for Nigerians owing to the two factors of forces of demand and supply and FX rate,” he said.
Nigerians currently buy petrol for between N940 and N975 per litre in Abuja.
News
UK court jails Nigerian man for masturbating in front of a woman
British Transport Police said Odutola approached a woman on the train, looked her up and down and became aggressive when she refused to engage with him. He then exposed himself while sitting in a wheelchair and began masturbating while staring at the woman and telling her to “come over”
•A Nigerian man and registered sex offender, Babatunde Odutola
A Nigerian man and registered sex offender, Babatunde Odutola has been jailed in the UK after exposing himself and masturbating in front of a woman on a train travelling towards Manchester.
Odutola, 36, of no fixed address, was sentenced to 44 weeks in prison at Manchester Magistrates’ Court on Monday, September 14, after pleading guilty to outraging public decency and breaching a suspended sentence order.
The incident occurred around 7pm on Friday, September 11, on a train travelling through Cheshire towards Manchester Piccadilly railway station.
British Transport Police said Odutola approached a woman on the train, looked her up and down and became aggressive when she refused to engage with him. He then exposed himself while sitting in a wheelchair and began masturbating while staring at the woman and telling her to “come over”.
A fellow passenger intervened and escorted the distressed woman from the carriage.
According to police, CCTV footage showed Odutola continued masturbating as other passengers walked through the carriage.
British Transport Police officers arrested him after the train arrived at Manchester Piccadilly. He was subsequently prosecuted and jailed within 72 hours of the incident
News
Digital Economy Minister Says NDPC Now Properly Functional With New HQ
” An asset recovered on behalf of the Nigerian people has now been returned to productive use for the Nigerian people. That is reform made tangible,” he said .
Abuja| NDPC new headquarters commission , Tuesday, 15 September,2026.
An EFCC-recovered property allocated to the Ministry of Communications, Innovation & Digital Economy, has been transformed to the new headquarters of the Nigeria Data Protection Commission (NDPC) in Abuja, as its headquarters.
Speaking during the commissioned ceremony of the building, the Honourable Minister incharge of the ministry, Dr. ‘Bosun Tijani, described the facility as a tangible demonstration of the visionary leadership of President Bola Ahmed Tinubu, and his commitment to building strong institutions that can support Nigeria’s growing digital economy.
The Minister emphasised that said the occasion represented more than the opening of a new office, but a reflection of the administration’s commitment to strengthening the institutions required to protect Nigerians and build trust in the country’s digital economy.
Dr. Tijani said, “Shortly after assuming office in 2023, President Tinubu signed the Nigeria Data Protection Act into law, giving the NDPC the appropriate legal foundation and authority to protect the data and privacy rights of Nigerians.
The President also directed Ministries, Departments and Agencies of the Federal Government to comply with established data protection laws and frameworks, demonstrating that government must lead by example in upholding the standards it expects from citizens and businesses.”
He added, “In the early days of the Commission, it was difficult to ask an institution to protect the data of over 200 million Nigerians and support one of Africa’s largest digital economies without the institutional resources to do so.
President Tinubu recognised this challenge and moved to solve it, approving the resources required for the NDPC to become properly operational and functional, while building towards becoming a sustainable institution in its own right.
He also directed that an EFCC-recovered property be allocated to the Commission as its headquarters.
“An asset recovered on behalf of the Nigerian people has now been returned to productive use for the Nigerian people. That is reform made tangible,” he said .
News
Boko Haram Denies Ceasefire with FG, Vows Continued Attacks
Boko Haram has strongly denied reports of a ceasefire agreement with the Federal Government and insisted that it will continue its campaign of attacks.
In a statement released by the group, the militants dismissed claims of any truce or negotiated pause in hostilities, describing such reports as false and misleading.
The group reaffirmed its commitment to ongoing operations against government forces and other targets, vowing that its attacks will persist without interruption.
The denial comes against the backdrop of persistent insecurity in the northeast and other affected regions, where the group has maintained a long-standing insurgency.
Security sources note that the latest statement appears aimed at clarifying the group’s position and rejecting any suggestion of dialogue or de-escalation with the authorities.
Military and government officials have not issued an immediate detailed response to the claim, though security operations against the militants remain active. Authorities continue to urge vigilance as the group signals its intention to sustain violence.
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