General
IPMAN Cautions Nigerians Against Panic Buying of Petrol at Yuletide
By Adedapo Adesanya
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged Nigerians to avoid panic-buying of premium motor spirit (PMS), otherwise known as petrol, during this festive period, assuring them of enough supply to go around.
The Publicity Secretary of IPMAN, Mr Ukadike Chinedu, while speaking in Abuja, commended the Dangote Petroleum Refinery for reducing the price of its product to N899.50 per litre, noting that the gesture will help to reduce transport costs for Nigerians ahead of yuletide holidays.
”You see, that is the beauty of deregulation; prices are determined by market forces and with the Dangote and federal government refineries by the corner, this will bring competitive prices,” Mr Chinedu said.
He urged all IPMAN members to adjust their pump to the new price to attract more customers.
“We have started ordering the new price, and some of our members have already started adjusting their pumps lower for faster sales. If your price is higher, nobody will buy from you.
“You will even find out now that those queues that you normally see in NNPC filling stations have all reduced, because most marketers are almost selling the same thing with them,” he said.
In a related development, IPMAN, at the weekend announced that beginning from Monday (December 23) its members will begin to sell petrol at at N935 per litre.
Mr Maigandi Garima, IPMAN’s National President, who disclosed this, stated that the reduced price regime is a result of a new arrangement with the Dangote Refinery, which will make it possible for independent marketers to sell at N935 per litre.
Business Post reports that IPMAN stations were, however, still selling the product at above N1,00 per litre as of Tuesday afternoon.
The Nigerian National Petroleum Company (NNPC) Limited also reduced the prices of petrol – by N20 per litre at its fuel stations in the Federal Capital Territory, Abuja.
The product is now selling for N965 per litre at the state oil company’s stations across the city.
As for NNPC, it is not clear whether it will extend its new N965 per litre price to other parts of the country.
General
FG Declares Thursday, Friday Public Holidays for 2026 Eid-ul-Fitr
By Modupe Gbadeyanka
Thursday, March 19, and Friday, March 20, 2026, have been declared as public holidays by the federal government to mark Eid-ul-Fitr.
A statement on Tuesday by the Permanent Secretary in the Ministry of Interior, Mrs Magdalene Ajani, urged Muslims to sustain the virtues of love, generosity, peace, tolerance, and sacrifice emphasised during the holy month of Ramadan.
The work-free days were declared by the Nigerian authorities to celebrate the end of the 30-day fast of Ramadan observed by Muslims in Nigeria and across the globe.
The statement issued today said the Minister of Interior, Mr Olubunmi Tunji-Ojo, who declared the holidays on behalf of the federal government, extended warm greetings and heartfelt congratulations to the Muslim faithful on the successful completion of the holy month of Ramadan.
He called on all Nigerians to use the festive period to pray for the continued peace, unity, and prosperity of the nation.
While wishing the Muslim faithful a joyful Eid-ul-Fitr celebration, the Minister encouraged citizens to celebrate responsibly and extend acts of kindness to the less privileged in society, expressing the government’s commitment to “fostering national unity and peaceful coexistence among all Nigerians.”
General
LASERC Targets Energy Efficiency, Supply Stability for Lagos Businesses
By Adedapo Adesanya
The Lagos State Electricity Regulatory Commission (LASERC) is targeting improved energy efficiency and the reduction of electricity supply hiccups to meet demand from the commercial sector.
The chief executive of the commission, Mr Temitope George, while listing the development agenda, vowed to make LASERC the foremost electricity regulator in Nigeria, reaffirming its commitment “to be the leading electricity regulator facilitating sustainable electricity and enhancing the quality of life for all residents in Lagos State.”
Mr George spoke at the close of the organisation’s maiden three-day capacity-building retreat, which had in attendance members, senior government officials, regulatory experts, and industry stakeholders to deliberate on key issues shaping electricity regulation and market development in the state.
With the theme Strengthening Regulatory Framework and Institutional Capacity for a Sustainable Electricity Market in Lagos State, the forum served as a platform for knowledge exchange, policy alignment, and institutional learning aimed at sharpening regulatory effectiveness and electricity governance in Lagos.
Speaking at the event, the chairman of the House Committee on Energy and Mineral Resources, Mr Sabur Oluwa, assured the commitment of the Lagos State House of Assembly to support policies and legislative frameworks that will promote sustainable power development and improved electricity service delivery for residents of the state.
Also, the Attorney General and Commissioner for Justice, Mr Lawal Pedro (SAN), highlighted the role of legal and institutional frameworks in ensuring effective regulation and alignment with the broader developmental priorities of Lagos State.
Delivering a presentation on the strategic implementation plan and electricity policy overview, the commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye, noted that a well-structured regulatory framework is essential for attracting investment, improving infrastructure, and ensuring a reliable electricity supply across the state.
The permanent secretary of the ministry, Mr Abdulhafiz Toriola, stressed that effective collaboration within the public service is critical for the successful implementation of policies that will strengthen the electricity sector and enhance service delivery.
The general manager of the Lagos State Consumer Protection Agency, Mr Afolabi Solebo, shared insights on strengthening consumer protection mechanisms and improving complaint resolution within the electricity market, while the director general of the Lagos State Public Procurement Agency, Mr Fatai Onafowote, highlighted the role of procurement processes in ensuring transparency and efficiency in public sector projects.
General
FG to Strengthen Human Capital Development in Petroleum Sector
By Modupe Gbadeyanka
The federal government has reaffirmed its commitment to strengthening human capital development and institutional collaboration in Nigeria’s oil and gas sector.
The Permanent Secretary in the Ministry of Petroleum Resources, Mrs Patience Oyekunle, during a familiarisation and courtesy visit to the Petroleum Technology Development Fund (PTDF) in Abuja on Monday, described the organisation as a strategic institution within Nigeria’s petroleum sector architecture.
According to her, the organisation’s mandate to develop indigenous human capacity for the oil and gas industry remains critical to the long-term sustainability, competitiveness and technological advancement of the sector.
She lauded the body for its contributions to manpower development through its Overseas and In-Country Scholarship Schemes, which have supported the training of thousands of Nigerian professionals in petroleum and energy-related disciplines over the past two decades.
The senior government official noted that many beneficiaries of the programmes now contribute meaningfully across Nigeria’s oil and gas industry, regulatory institutions, academia and research establishments, thereby strengthening the country’s technical competence and knowledge base in the sector.
Mrs Oyekunle further reiterated that the ministry remains committed to advancing sector reforms and the strategic priorities of the federal government.
She stressed that the ongoing transformation of Nigeria’s petroleum industry following the enactment of the Petroleum Industry Act (PIA) places renewed emphasis on efficiency, transparency, institutional effectiveness and the strengthening of indigenous technical capacity across the sector’s value chain.
Earlier in his welcome address, the Executive Secretary of PTDF, Mr Ahmed Galadima Aminu, reaffirmed the fund’s commitment to supporting the policy direction of the federal government and working closely with the ministry to further strengthen Nigeria’s petroleum industry.
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