Breaking News
BREAKING NEWS: Mixed Reactions Trail Dangote’s Fresh Cut In Petrol Price To N699
The downward adjustment of the price of petrol by Dangote Petroleum Refinery from N828 to N699 per litre has triggered a wave of mixed reactions among motorists, transport operators and commuters in Lagos as they appraised the economic impact of the company’s latest intervention in the downstream sector.....TAP TO CONTINUE READING
It is noteworthy that Dangote Refinery has over time embarked on a cost reduction strategy aimed at delivering tangible savings to Nigerians.
It would be recalled that in December 2024, the company adjusted petrol price from N970 to N899.50 in what it described as holiday Bonanza.
On February 1,2025, it was reduced by N60.00 to N890.00 and on February 26,2025, it was slashed for the second time by N65 below previous N890 price thereby bringing down the price to .
According to findings ex-depot price decreased from N950.00 in January to current price of N825.00 representing a reduction of N125 per litre within 26 days.
In the month of April this year the price was reduced twice, first from N865 N835 and on April 16, it was slashed from N865.00 to N835.00.
The latest cut to N699, according to industry analysts, is the refinery’s strongest pricing move since it commenced operations, and is widely seen as an attempt to ease pressure on households battling persistent cost-of-living challenges.
As plausible as the reduction of pms looked, many Lagos transporters who spoke with LEADERSHIP Weekend took the reduction with a blend of relief, skepticism and indifference.
At the motor park of Eko Hotel roundabout in Victoria Island, a commercial bus driver who identified himself as Ganiyu Adebayo described the new price as a good step that will help drivers breathe.
He told LEADERSHIP Weekend, “Rising operational costs over the last year had forced drivers to increase fares repeatedly. If petrol is now N699, at least it reduces our daily expenses. We are not yet where we want to be, but this one makes sense”.
But not all transporters feel the same way. Another driver, Tunde Samuel who plies the Yaba–CMS route, argued that the drop might not translate to lower fares immediately, saying, “Fuel is cheaper, yes, but prices of spare parts, tickets and union levies are still high. People should not expect magic.”
For some Lagos motorists now using Compressed Natural Gas (CNG), the PMS reduction carries little weight. A ride-hailing driver, Oluwatobi Ajisebutu, said, “Most of us converted to CNG when petrol crossed N800. So this reduction doesn’t change much for me based on the distance of the passengers. I only buy PMS for emergencies.”
Commuters also expressed divergent views. At Berger bus stop, Fabric seller Chinenye Okoli, welcomed the reduction.
She said, “This could ease the financial burden on families. This is December and you know how Nigerians love to travel no matter the insecurity issues people will have and though it’s a small relief, it is still a relief. If transportation can be reduced with time, it will help us a lot.”
Another commuter, Joseph Balogun, was less enthusiastic. He argued that past reductions did not lead to any tangible changes in fare prices, saying, “Every time fuel drops, transporters look the other way. I don’t want to celebrate what I haven’t felt.”
The National Union of Road Transport Workers (NURTW) also weighed in on the development. At Iyana Oworo, union official who identified himself as Mosafejo said the union is pleased that Nigerians finally have some respite after months of economic strain.
“This new price shows progress. Nigerians have suffered enough, this is good news for everyone if it is true”, he said.
When asked whether the union will instruct motorists to reduce transport fares, Mosafejo explained that directives must align with operational realities.
“We will speak to our members, but reductions depend on whether the new fuel price is stable and sustainable. If the market holds at N699, then definitely we expect fares to reflect that in due course.
We care about the passengers, but we must also protect drivers whose costs are still high,” he stated.
Meanwhile, public analyst Ayodeji Ake remarked, ”The move could have a moderating effect on inflation if sustained, especially in transportation, a sector that significantly influences consumer prices nationwide. However, the full benefits may not be immediate due to lingering high costs in logistics, vehicle maintenance and imported spare parts.”
Responding to the price adjustment, President of a Non -Governmental Organisation, Legacy Museum and former Director of Public Relations NIPOST, Mr. Taiye Olaniyi said ordinarily the reduction in depot price of petrol should reflect in the final cost of transport fares depending on distance, if the appropriate stakeholders are well informed.
He called for public enlightenment, cooperation and patriotism of all stakeholders involved in transport logistics to reduce the current cost of transport fares.
Olaniyi averred that “if it is not just an ephemeral policy criteria the better for us all”
The Former Secretary General, National Union of Road Transport Workers Comrade, Paul Ogini averred that the reduction in pump price of fuel will only have a marginal impact in cost of food items but not transport fares.
He said that it will be difficult to convince drivers who were already used to collecting say ₦1,000 from Agbado to Oshodi to reduce the fare to N800.00 adding that it can only be possible if governments regulate the cost of transportation.
Former Secretary General, Nigerian Union of Railway Workers Mr. Segun Esan welcomed the decision of Dangote Refinery to reduce cost of petrol saying the influence of price reduction can only be felt if there is adequate supply of fuel.
He noted that if there is adequate supply of fuel, the cost of fuel will drop, adding that such development will have a ripple effect on the cost of moving goods and passengers.
Read The Full Article Here Now
👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.
Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
Breaking News
Oyo police intercepts truck conveuing explosives in Saki
The Oyo State Police Command has announced an operational success recorded following an intelligence-led operation.....TAP TO CONTINUE READING
Acting on credible intelligence, operatives of the Command intercepted a truck conveying materials suspected to be explosive devices during a stop-and-search operation in Saki, Oyo State. The truck and the suspected materials were promptly secured and are currently in police custody.
Upon receiving a briefing on the development, the Commissioner of Police, Oyo State Command, CP Femi Haruna, immediately ordered a comprehensive investigation into the matter.
Consequently, specialised personnel of the Explosive Ordnance Disposal (EOD) Unit and the Chemical, Biological, Radiological and Nuclear (CBRN) Unit were deployed to safely secure the items for safekeeping and forensic examination. Detailed forensic analysis has since commenced, alongside a thorough and robust investigation to determine the exact nature of the items and their intended use.
The truck driver has been taken into custody and is cooperating fully with investigators as efforts continue to unravel all the circumstances surrounding the incident.
The Commissioner of Police commended the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, for his unwavering support, strategic leadership, and continued provision of operational guidance that enhance proactive, intelligence-driven policing across the country.
Read The Full Article Here Now
👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.
Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
Breaking News
Benue: Armed bandits kill motorcyclist, injure woman in Apa LGA
One person has died and another sustained injuries following an assault by suspected armed bandits in Apa Local Government Area of Benue State.....TAP TO CONTINUE READING
According to sources, the attack took place on January 24 around 4:00 p.m. along the Amoke–Odugbo road in Ukpogo Village, Edikwu Ward.
The victims, identified as Mr Joseph Okoh and Miss Aneh Sunday, both from Ogodumo, Adoka in Otukpo LGA, were reportedly riding a motorcycle when the assailants struck.
“They were rushed to the Comprehensive Health Centre, Ugbokpo, where Mr Okoh was confirmed dead while receiving treatment. Miss Sunday is currently admitted and responding to treatment,” the source stated.
Nigerian troops were quickly deployed to the area, and a search operation in the surrounding bushes is ongoing to apprehend the attackers.
“The Criminal Investigation Department has commenced an investigation into the incident,” the source added.
Read The Full Article Here Now
👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.
Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
Breaking News
2026 UTME: JAMB scraps special privileges for albino candidates over malpractices
The Joint Admissions and Matriculation Board has scrapped special concessions and registration procedures previously granted to candidates with albinism for the 2026 Unified Tertiary Matriculation Examination, citing abuse of the privilege to perpetrate examination malpractice.....TAP TO CONTINUE READING
The Board also warned faith-based tertiary institutions to clearly declare their religious status at the point of admission, saying it is deceptive to present as secular and later impose religious rules on students.
As reported by Vanguard, these decisions were taken on Saturday at a meeting between JAMB management, led by its Registrar, Prof. Isaq Oloyede, and Commissioners for Education from the 36 states of the federation and the Federal Capital Territory, held in Ikeja, Lagos.
Oloyede said the meeting was convened to review and assess previous admission exercises.
He noted that despite safeguards introduced by the Board, some individuals remained determined to circumvent the system.
“We have stopped some concessions we gave albino candidates. This is because some are using artificial intelligence to manipulate the registration process to look like they are albinos because of the consideration we gave them.
“Last year alone, over 7,000 claimed to be albinos. We have stopped special registration procedures for albinos,” he said.
Addressing complaints from candidates admitted into some private institutions over compulsory religious instruction, Oloyede urged faith-based schools to be transparent.
“Faith-based institutions should declare from the onset what they are, so that whoever applies there will know what he is going to meet there. But some don’t do that. They will pretend to be secular, but once students are admitted, trouble will begin over religious instruction and injunctions.
“If you are a faith-based institution, say so. The law allows you to set up faith-based schools,” he said.
On last year’s UTME, where the highest-scoring candidate was later found to be a 300-level university student, the JAMB registrar said investigations showed that some undergraduates sit for the examination to change courses or assist others to secure admission.
“Students who are already in school but want to change courses and are applying again must declare and disclose their status.
“We have found that some candidates already in school are writing the examination for other candidates. Last year, the candidate who scored the highest was found to be a 300-level student in the university.
“Henceforth, any candidate found engaging in such an act, and who fails to disclose that he is already in school but wants to change course, will be disqualified and will also lose his current admission,” he said.
On admission criteria, Oloyede explained that federal government-owned institutions allocate 45 per cent on merit, 20 per cent on catchment area, 20 per cent to educationally disadvantaged states, while the remaining slots are allocated to other considerations.
“Each owner or state has the right to decide what its admission criteria will be. But for states, we encourage them to allocate at least 10 per cent to merit, regardless of where the candidates come from.
“This is to diversify the student population and admit eggheads from different communities,” he said.
He criticised some states for establishing new universities despite not fully utilising their admission quotas in existing federal institutions.
On underage candidates, Oloyede said 16 years remained the minimum admission age, noting that an attestation process was in place for exceptional cases.
“Last year, about 42,000 claimed to be underage. After evaluation, only 78 met the criteria and were admitted. We are not saying there are no talented candidates, but the figure looks outlandish,” he said.
The issue of how to engage underage candidates during a gap year divided opinions at the meeting, but a majority voted for JAMB to continue its special assessment process.
The meeting also observed that parental pressure on children to complete their education too quickly was a major contributor to the problem.
On efforts to curb examination malpractice, Oloyede said JAMB had stopped the movement of computers between Computer-Based Test centres.
“A computer registered in a particular centre will remain there and is not transferable to another centre. Some people borrow computers to get accredited and later move them around,” he said.
He dismissed claims that candidates were posted to towns they did not choose, saying personal data used for registration were drawn directly from the National Identification Number submitted by candidates.
Providing an update on the 2025 UTME, Oloyede said 974,855 candidates had so far been admitted out of about 1.95 million who sat for the examination.
He added that over N2.4 billion had been disbursed to institutions that consistently complied with JAMB’s rules over the past 10 years, and that the meeting agreed that schools producing the best candidates should be compensated.
On accreditation of CBT centres, Oloyede said the process involved teams comprising university vice-chancellors, rectors and provosts in each state.
He warned state governments against agreements with private promoters who might use centres to facilitate malpractice.
Read The Full Article Here Now
👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.
Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
-
Breaking News5 months agoWorld’s Youngest Undergraduate is Nigerian JOSHUA BECKFORD, gained admission in Oxford University at the age of Six years
-
Breaking News3 months agoJUST IN: Finally United States President Donald Trump Revokes 80,000 Visas of Nigerians, Other Foreign Nationals
-
Breaking News5 months agoBREAKING NEWS: Woman in Trouble For Burning 7-year-old Girl’s Private Parts With Hot Knife
-
Breaking News5 months agoBREAKING NEWS: FULL DETAILS! Top Secret Leaked Why SIM Fubara Fails to Return to Government House After Reinstatement
-
Breaking News3 months agoBREAKING NEWS: Nigerian Billionaire Lawmaker Ned Nwoko, Orders Arrest of His Mother In Law Regina Daniels’ Mother, Rita
-
Breaking News5 months agoBREAKING NEWS: Federal Government Releases Proof of N25,000 Cash Transfers to 71 Million Nigerians in 8.1 Million Households
-
Breaking News5 months agoBREAKING NEWS: Another Rivers Saga: Just Reinstated Fubara Told to Sack All Sole Administrators Appointees, Seek Tinubu’s Assurance Over Impeachment
-
Breaking News5 months agoBREAKING NEWS: Finally Department of State Services (DSS) summons Sowore over post on Tinubu
