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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.
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The Kano State Government has announced that the Emir of Kano, Muhammadu Sanusi II, will lead this year’s Eid-el-Fitr Durbar, even as it unveiled strict guidelines to prevent a breakdown of law and order during the celebrations.....TAP TO CONTINUE READING
The government said the decision, approved by Governor Abba Kabir Yusuf, followed credible intelligence reports indicating attempts by some individuals to create unrest during the Sallah period.
In a statement issued on Wednesday by the Commissioner for Information and Internal Affairs, Ibrahim Abdullahi Waiya, the government said it remained committed to preserving Kano’s cultural heritage but would prioritise peace and security.
According to the statement, Hawan Idi (Eid Durbar) will be conducted by Emir Sanusi from the Kofar Mata Eid Ground through designated routes to Gidan Shettima, terminating at Kofar Fatalwa of the emir’s palace.
It added that Hawan Nasarawa would be held in a modified form without horseback displays, while Hawan Daushe, Hawan Fanisau and Hawan Dorayi have been suspended for the time being in the interest of public safety.
The government said all security agencies had been directed to intensify surveillance and ensure strict compliance with the directives before, during and after the festive period.
It urged residents to remain calm, law-abiding and cooperative with security agencies, while cautioning against the spread of unverified information.
The government further assured the public of its commitment to a peaceful and hitch-free Sallah celebration, wishing Muslims in the state a joyous Eid-el-Fitr.
The Durbar, a centuries-old cultural procession, has been thrown into uncertainty following conflicting statements from government officials on whether it will hold this year, given the unresolved legal battle between Sanusi II and Aminu Ado Bayero.
While Governor Yusuf reinstated Sanusi II in 2024, Bayero continues to contest his dethronement in court, leaving the emirship in dispute.
The government recently hinted that the stool controversy would soon be resolved.
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Yoruba nation agitator, Sunday Adeyemo, popularly known as Sunday Igboho, has dismissed comments by human rights activist and former presidential candidate, Omoyele Sowore, over what he described as transactional politics and activism.....TAP TO CONTINUE READING
PUNCH Online reports that Sowore’s comment followed a viral video in which the activist criticised what he described as “transactional politics” among some regional agitators and influencers, accusing them of aligning with political actors for personal or material benefit.
In the video, Sowore appeared to reference Igboho, suggesting that his recent political positions, including support for President Bola Tinubu’s potential re-election bid, reflected what he termed “amala politics” — a colloquial expression often used to imply opportunistic or interest-driven engagement rather than principled activism.
Igboho, in a statement issued by his media aide, Olayomi Koiki, in Ibadan, the Oyo State capital, on Tuesday, criticised Sowore for allegedly describing his activism as “amala politics” in a recent viral video circulating on social media.
He described the comment as an inconsequential rant that should be ignored by the public.
Igboho argued that his agitation for improved security in the South-West and his support for the second-term bid of President Bola Tinubu in 2027 were constitutional rights aimed at promoting the collective interests of the Yoruba people and the development of Nigeria.
He said, “We strongly reject the characterisation of Igboho’s activism as transactional. Such a myopic position misrepresents the intent and focus of our agitation on effective grassroots security in the South-West and Nigeria as a whole.
“How many protests did Sowore organise to push for my freedom? Sowore’s claim of fighting for the masses contradicts his alleged daily lodging expenses of N450,000 at a popular Lagos hotel.
“I cannot be compelled to endorse political figures such as Peter Obi or Atiku Abubakar, or even align with Sowore’s political platform. I have the right to make independent political decisions based on the security and collective interests of the Yoruba people.”
He added that Igboho’s advocacy prioritises addressing insecurity across Yorubaland, including killings of farmers, kidnappings along highways and attacks on traditional rulers and royal institutions.
Koiki, however, clarified that these concerns form the basis of Igboho’s movement rather than any ambition for political office or revolutionary leadership.
The statement added, “While Sowore has consistently promoted nationwide revolution as a pathway to leadership, Igboho’s approach is rooted in protecting lives, land and property within Yoruba territory. This agitation is a response to real and ongoing threats faced by communities in the region.
“Latest security incidents in northern Nigeria, including reported explosions in Maiduguri on March 16, 2026, also raise questions about the broader effectiveness of long-term revolutionary advocacy.
“We challenge Sowore to assess the situation in his home state of Ondo State, considering the growing cases of banditry, kidnapping and attacks on rural communities.”
The statement added that the impact of insecurity on vulnerable groups, including farmers, traditional rulers, women and children, had been severe, with several communities reportedly affected.
“These realities reinforce Igboho’s long-standing call since 2020 for localised security measures and stronger regional protection strategies.
“Labelling our agitation and efforts as ‘amala politics’ undermines the urgency of the security crisis and the legitimacy of grassroots agitation,” the statement concluded
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The continuous detention of the former governor of Kaduna State, Mallam Nasir El-Rufai, has sparked reactions from politicians and socio-political activists.....TAP TO CONTINUE READING
DAILY POST reports that the former governor has been in the custody of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, over an ongoing investigation into alleged financial impropriety when he was governor.
El-Rufai had earlier spent two nights in the custody of the Economic and Financial Crimes Commission, EFCC, before he was picked up by the Department of State Services and then later handed over to the ICPC.
His continuous detention has sparked outrage among citizens who are calling on the commission to immediately charge the former governor to court.
Popular socio-political activist, Aisha Yesufu, said in a post on X that “holding a citizen indefinitely without trial” is impossible.
According to her, “that is not justice. That is not accountability. That begins to look like persecution.
“Every Nigerian, no matter how powerful or unpopular, has the right to a fair hearing. That right is not a favour from the government. It is a constitutional guarantee. If El-Rufai committed crimes, then prosecute him. Nigerians will support that. But what we must never
Support is a system where the government can detain anyone endlessly, simply because it can.
“Today, it may be El-Rufai. Tomorrow, it could be anyone else who speaks or acts in a way that those in power do not like. A democracy must be better than that.
“So the message is simple: charge him in court or release him. Let justice be done openly, lawfully, and transparently. That is the only way a nation that claims to respect the rule of law should act”.
Similarly, an activist lawyer, Deji Adeyanju, in an interview he posted on X on Wednesday, demanded that the former governor be charged to court immediately, condemning El-Rufai’s incarceration.
“No matter the allegations, I think he should be charged in a court of competent jurisdiction so that he can face the music.
“All these things currently going on don’t look tidy to me”, he said.
On his part, Paul Ibe, a media aide to the former vice president, Atiku Abubakar, lambasted ICPC for not charging the former governor to court.
In a statement on his X handle, Ibe accused the Commission of taking sides with the President Bola Tinubu-led administration.
He wrote, “The matter of the former Governor of Kaduna State, Mallam Nasir el-Rufai @elrufai has proven beyond measure that the ‘I’ in ICPC (Independent Corrupt Practices and Other Related Offences Commission) @icpcnigeria represents Illegal or Irresponsible.
“There’s nothing Independent about the Commission. They’re no different from all the other institutions of state that are standing on Tinubu’s mandate. The ICPC is nauseatingly pliable and has disgracefully made itself available in coercing members of the opposition into the ruling party”!
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