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No increase in petrol price, says Tinubu

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President Bola Tinubu has said there is no plan to increase the price of petrol in Nigeria.

This is coming following rumours that the price of the essential product would increase this week.

While speaking on the matter, presidential spokesman Ajuri Ngelale said- “There is no increase in prices at this time.

“Mr. President is convinced, based on the information before him, that we can maintain current pricing without reversing our deregulation policy, by swiftly cleaning up existing inefficiencies within the midstream and downstream petroleum sectors.

” There had been hikes in pump prices as market forces took control since the President declared in his inauguration address that “fuel subsidy is gone”.

There was panic buying in some places over the week following rumours of a hike at the weekend with the nation’s organized Labour threatening a nationwide strike without notice should there be a further price adjustment.

Ngelale stressed that Labour’s strike threat was premature. He told reporters at the Presidential villa that the steps being taken to clean up inefficiencies within the petroleum industry continue.

He said: “The President wishes, first, to state that it is incumbent upon all stakeholders in the country to hold their peace.

“We have heard, very recently, from the Organised Labour movement about their most recent threat.

“We believe that the threat was premature and that there is a need for all sides to ensure that fact-finding and diligence are done on what the current state of the downstream and midstream petroleum industry is before any threats or conclusions are arrived at or issued.

“Secondly, Mr. President wishes to assure Nigerians following the announcement by the NNPCL that there will be no increase in the pump price of Premium Motor Spirit (PMS) anywhere in the country.

“We repeat, the President affirms that there will be no increase in the pump price of PMS.

“The President is determined to maintain competitive tension within all sub-sectors of the petroleum industry.

“He is determined to ensure that there will not be any single entity dominating the market. The market has been deregulated.

“It has been liberalised and we are moving forward in that direction without looking back.

“The President also wishes to affirm that there are presently inefficiencies within the midstream and downstream petroleum sub-sectors.

“Once very swiftly addressed and cleaned up, we can maintain prices where they are without having to resort to a reversal of this administration’s deregulation policy in the petroleum industry.”

According to Ngelale, the consumption rate dropped from 67 million litres per day to 46 million with subsidy removal.

He said petrol pump price is the cheapest in Nigeria compared to other West African countries.

“I wish at this juncture to also provide a set of graphics, which the President has authorised me to share with Nigerians, that otherwise would be confidential. These are graphics supplied to Mr. President by the NNPCL.

“In the graphics, what you will find is the present cost of refined premium motor spirit at the pump in each of the West African nations near us.”

He said the pump price in Senegal is N1,273 per liter; Guinea, N1,075; Cote d’Ivoire, N1,048; Mali, N1,113; Central African Republic and N1,414 per litre.

“Nigeria is presently averaging between N568 and N630 per litre. We are presently the cheapest, most affordable purchasing state in the West African sub-region by some distance. No country is below N700 per litre.

“We have seen the PMS consumption in the country drop from 67 million litres per day consumption down to 46 million litres per day consumption. The impact is evident. What it also does mean though, is that we are not at the end of the tunnel.

“There’s still a bit of darkness to travel through to get toward the light and we are pleading with Nigerians to please be patient with us and as we promised from the beginning, we will be open with Nigerians.

“We will be transparent with them and we are ready to show you exactly what it is that our nation is facing concerning the illiquidity in the market in terms of foreign exchange as a result of what is now known to have been a gross mismanagement of the Central Bank of Nigeria (CBN) over several years,” Ngelale said.

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Dangote makes case for domestic production at Abuja trade fair

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The Dangote Group has reaffirmed the critical role of domestic production in strengthening Nigeria’s economic resilience.

The Group stated this weekend through its Group General Manager, Mr. Abdullahi Bello Danmusa, who represented the Regional Director/Senior Adviser to the Dangote Group President/CE, Fatima Wali-Abdurrahman, at the Dangote Special Day at the ongoing Abuja International Trade Fair.

Speaking on the theme of this year’s Trade Fair, “Resilience: Trade, Taxation and the Economy,” Mr. Danmusa said taxation remains a fundamental component of national development, stressing that Dangote Group takes its tax obligations seriously and contributes substantial revenues to government annually, while also supporting employment, enterprise and value creation across its operations.

He said trade could achieve greater economic impact when it is supported by strong domestic productive capacity.

“Trade becomes more meaningful when it is supported by production. No country can build lasting resilience by depending excessively on imports that it has the capacity to produce competitively at home.

“This is why Dangote Group continues to invest in manufacturing and industrial capacity across cement, sugar, salt and seasoning, packaging, fertiliser, petrochemicals and petroleum refining.

“The theme of this year’s Trade Fair, ‘Resilience: Trade, Taxation and the Economy,’ speaks directly to the realities of our time.

“Nigeria’s economic resilience will ultimately depend on a fundamental choice: to continue to import what we can produce, or build the capacity to produce, compete and export.”

Danmusa noted that strengthening domestic manufacturing capacity would help deepen economic activity, create jobs, support local enterprises and reduce excessive dependence on imported products.

He added that the Group’s investments across various sectors reflect its commitment to supporting Nigeria’s industrialisation and contributing to the development of a more productive and resilient economy.

Also speaking at the Dangote Special Day, the First Deputy President of the Abuja Chamber of Commerce and Industry (ACCI), Prof. Adebisi Adesugba, commended Dangote Industries for its contribution to Nigeria’s economic development.

Adesugba, who represented the President of ACCI, Emeka Obegolu, SAN, said the longstanding partnership between Dangote and the Chamber demonstrates the important

He noted that Dangote’s strategic investments in sectors including cement, fertiliser, agriculture, refining and petrochemicals have contributed to strengthening domestic productive capacity, creating employment opportunities, reducing dependence on imports and supporting foreign exchange generation.

“ACCI recognises Dangote not only as an exhibitor and sponsor, but also as a strategic partner.”

He said the partnership between ACCI and Dangote has contributed to creating opportunities for businesses and entrepreneurs while supporting trade, investment and sustainable economic development.

Adesugba further expressed the Chamber’s appreciation for Dangote’s longstanding relationship and partnership with ACCI, describing the collaboration as an important platform for strengthening the business community and advancing economic opportunities.

The Dangote Special Day brought together business leaders, government representatives, investors, exhibitors, entrepreneurs and other stakeholders as part of activities at the ongoing Abuja International Trade Fair.

Also speaking at the Dangote Special Day, the First Deputy President of the Abuja Chamber of Commerce and Industry (ACCI), Prof. Adebisi Adesugba, commended Dangote Industries for its contribution to Nigeria’s economic development.

Adesugba, who represented the President of ACCI, Emeka Obegolu, SAN, said the longstanding partnership between Dangote and the Chamber demonstrates the important role of responsible corporate participation in promoting commerce, investment and entrepreneurship in Nigeria and across the African sub-region.

He noted that Dangote’s strategic investments in sectors including cement, fertiliser, agriculture, refining and petrochemicals have contributed to strengthening domestic productive capacity, creating employment opportunities, reducing dependence on imports and supporting foreign exchange generation.

“ACCI recognises Dangote not only as an exhibitor and sponsor, but also as a strategic partner.”

He said the partnership between ACCI and Dangote has contributed to creating opportunities for businesses and entrepreneurs while supporting trade, investment and sustainable economic development.

Adesugba further expressed the Chamber’s appreciation for Dangote’s longstanding relationship and partnership with ACCI, describing the collaboration as an important platform for strengthening the business community and advancing economic opportunities.

The Dangote Special Day brought together business leaders, government representatives, investors, exhibitors, entrepreneurs and other stakeholders as part of activities at the ongoing Abuja International Trade Fair.

The event provided an opportunity for stakeholders to engage on issues around taxation, trade, industrialisation, investment, domestic production and the broader prospects for Nigeria’s economic development.

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Police high command mobilise to rescue 20 NYSC members abducted in Imo

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The Inspector General of Police (IGP) Olatunji Disu, has deployed the Deputy Inspector-General of Police (DIG) in charge of Operations, Shehu Umar Nadada, to Imo State to provide operational leadership and strengthen ongoing efforts to rescue the 20 prospective National Youth Service Corps (NYSC) members and other passengers abducted along the Owerri-Onitsha Road at Umunoha on October 1, 2026.

Force Public Relations Officer, Force Headquarters, CSP Anietie Iniedu, disclosed in a statement on Friday that DIG Nadada arrived Imo State alongside two Commissioners of Police and immediately carried out an on-the-spot assessment of the security situation and the search-and-rescue operations being coordinated by the Imo State Police Command.

During the visit, the DIG reviewed operational strategies, personnel deployments, and the utilization of security assets. He also issued fresh directives aimed at enhancing the effectiveness of the coordinated rescue mission.

The assessment was conducted in the company of the Commissioner of Police, Imo State Command, CP Audu Garba Bosso; the Commissioner of Police, Federal Operations, CP Akpan Anifiok; the Commissioner of Police in charge of the Police Mobile Force, CP Nendel Joseph Gomwalk; other service commanders; and members of the Imo State Police Command management team.

According to Iniedu, the police have intensified the search operation, deploying additional tactical teams and operational resources to identified locations.

He said the operation was being reinforced through intelligence-led efforts to track the abductors, alongside coordinated operations with other security agencies.

Nadada, according to the statement, assured members of the public that the police would continue working to secure the safe release of those abducted.

“The Nigeria Police Force is committed to securing the safe rescue of the 20 abducted persons and will sustain the operation until the mission is successfully concluded,” Iniedu quoted Nadada as saying.

The DIG appealed to members of the public and the media to remain calm and vigilant, while urging anyone with credible information that could assist the rescue operation to report to the police or the nearest security formation.

“All information received will be treated with strict confidentiality,” he said.

The police said further information on the rescue operation would be made available as developments unfold.

 

 

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Fubara presents staff of office to new Opobo king as monarch pledges to unite community

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Photo caption: Governor of Rivers State, His Excellency, Sir Siminalayi Fubara (right) presenting the Staff of Office to His Majesty King Charles Douglas Mac-Pepple Jaja Jeki VI (left),the newly crowned Amanyanabo of Opobo Kingdom at Government House Port Harcourt on Friday.

 

Governor of Rivers State , His Excellency, Sir Siminalayi Fubara, on Friday formally presented the Certificate of Recognition and Staff of Office to the new Amanyanabo of Opobo Kingdom, His Majesty King Charles Douglas Mac-Pepple Jaja, Jeki VI, urging the new monarch to promote peace, unity and inclusiveness in the kingdom.

The governor while congratulating the new monarch, for successfully scaling the hurdles of selection and coronation, urged the royal father to see contenders who lost out of the selection process, not as victims but as comrades who must be carried along for the kingdom to move forward during his reign.

Speaking during the presentation ceremony in Government House, Port Harcourt, Governor Fubara apologized for his absence at the coronation, explaining that it was due to a call to higher national service, but that his spirit and soul were fully with the kingdom throughout the process.

He declared that history will remember his administration for peacefully laying to rest the late King, Douglas Dandeson Jaja, and mid-wifing the emergence of a new monarch without litigation.

The Governor, who said he remains one of the proudest persons on earth for the success of the transition, disclosed that the late king’s stool was enmeshed in a legal battle that lasted over 27 years, and that it took the wisdom and deliberate intervention of his administration to manage the selection process to avoid another round of court cases.

He emphasized that contrary to insinuations by mischief makers who tried to politicise his absence, his government was fully responsible for the entire process from burial of the late king to the coronation and recognition.

“Our presence was not just in that process alone. Every logistics that were required, there is nobody that can say he’s the one that did it. We did it. So, that is also a key issue in the process. So, for those people who like using everything for politics, my absence was not an intentional thing; it was a call to service. So the fact that I was unable to make it doesn’t mean that I do not value, appreciate or support the process,” Governor Fubara said.

He said the true test of kingship is in the management of success, and prayed that the new reign will usher in greater development in education, healthcare and small businesses, which he said remain the only sustainable antidotes to the growing criminality among youths.

The Governor, who described Opobo as one of the most peaceful Local Government Areas in the State, charged the new king to maintain zero tolerance for criminality, to be intentional and decisive in protecting the kingdom, and not to compromise on security on the grounds of kinship.

Governor Fubara assured the monarch of the continuous support of his administration both in and out of office, while also charging the Alapu Council to guide the king and the titled citizens to redirect their purpose from mere ceremonial uniformity to initiating tangible development projects that will be visible in the kingdom within the next one year.

In an acceptance speech, the newly installed Amanyanabo of Opobo Kingdom, His Majesty King Jaja Jeki VI, pledged to build Opobo on the pillars of service, inclusion and vision, in honour of the legacy of the great King Jaja who founded the kingdom 156 years ago with trade and diplomacy.
Describing the Staff of Office as more than a symbol of authority, the monarch said it represents a sacred trust from the government and people of Rivers State to lead with justice, peace and dignity.

In a statement, Onwuka Nzechi, Chief Press Secretary to Governor Fubara, quoted the monarch to have expressed deep gratitude to God, the ancestors, Governor Fubara, the Opobo Council of Alapu, titled citizens, elders, women and youths for the confidence reposed in him to lead Opobo into its Sixth Chapter.
The new king assured the Rivers State Government that under his reign, Opobo Kingdom will remain a dependable partner for peace, development and unity of Rivers State.

 

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