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Petrol Stations Sell N270 Per Litre in Lagos as Queues Recede

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By Modupe Gbadeyanka

Some petrol stations in Lagos are selling premium motor spirit (PMS) to consumers at a pump price between N215 per litre and N270 per litre, Business Post reports.

A tour of filling stations in some parts of the metropolis by this reporter showed that the long queues witnessed a few weeks ago are gradually going shorter.

A number of petrol stations visited in the Alimosho area of Lagos State are selling the product to motorists but at a price above the approved rate of N170 per litre.

At a fuel station opposite Rauf Aregbesola Medical Centre, Okunola, Egbeda, the product was sold at N250/litre to consumers, while in the Ayobo area of the council, it was sold between N250/litre and N270/litre.

At Iyana Ipaja, most of the petrol stations in the area dispensed fuel between N230 per litre and N250 per litre, and in the Shasha area of the state, a petrol station around barracks sold the product at N215 per litre last Friday, though it had a few consumers jostling to purchase the product because of its cheaper price.

It was a similar situation at a filling station in the Akowonjo area of Lagos State, where a long queue disrupted the flow of traffic.

However, on the Island, petrol is sold at most petrol stations at a price slightly above the official pump price.

Last month, long queues began to reappear in Lagos, and it took several days before the government explained to Nigerians the reason for the scarcity of the product.

In a statement last Wednesday, the Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) urged Nigerians to remain calm as the Nigerian National Petroleum Corporation (NNPC) Limited had imported PMS to last 34 days, noting that the scarcity was caused by a disruption in supply.

“The Nigerian National Petroleum Corporation Limited (NNPCL) has imported PMS with current stock levels sufficient for 34 days.

“Consequently, marketers and the general public are advised to avoid panic buying, diversion of products, and hoarding,” the agency said, adding that there was no plan to increase “the price of PMS during this period.”

The scarcity of fuel allowed black marketers to make more money from consumers who were desperate to purchase petrol for their cars and businesses. The product was sold for as higher as N10,000 for 20 litres at a price of N500 per litre.

But at the time of filing this report on Tuesday, most of the sellers of the product in jerry cans were out of business and were mostly not seen on major roads like last week.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Nigeria First Policy: BPP, SON Partner on Industrial Standard Integration

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By Adedapo Adesanya

The Bureau of Public Procurement (BPP) and the Standards Organisation of Nigeria (SON) have deepened their collaboration to integrate Nigerian Industrial Standards (NIS) into the procurement process for goods, works, and services as part of efforts to align public procurement with national economic priorities

This step is part of the federal government’s Nigeria First policy under the administration of President Bola Tinubu.

The initiative draws its authority from Paragraph 13 of the Secretary to the Government of the Federation (SGF) Circular Ref No. 59780/S.2/B/532 dated May 27, 2025, which mandates prioritisation of Made-in-Nigeria goods and the requirement for all procurement activities to conform to established Nigerian standards.

According to a joint statement, the partnership was strengthened at a high-level strategy meeting held on July 10, 2025, at the BPP Headquarters in Abuja. Both agencies affirmed their commitment to integrating NIS into the federal procurement framework,  to improve the quality of government projects, protect public investments, and bolster local production and services.

Among the major resolutions from the meeting is a new requirement that companies bidding for government contracts must present a valid certificate of subscription to SON’s Digital Standards Platform (DSP). This certificate, which will serve as a prequalification document, confirms access to applicable standards for their products and services.

Additionally, all Ministries, Departments, and Agencies (MDAs) will now be required to utilise the DSP during procurement planning and specification writing. This ensures that procurement specifications are based on prescribed standards, allowing for early verification of compliance and guaranteeing quality from the outset.

In preparation for full implementation, MDAs have been directed to begin updating their procurement procedures, ensuring access to the DSP and integrating standard requirements into all bidding documents.

Meanwhile, companies and stakeholders in the procurement value chain are encouraged to begin subscribing to the DSP to access relevant standards and secure their subscription certificates in anticipation of enforcement.

The federal government stated that by mandating Nigerian standards in procurement, the initiative will help reduce substandard imports, stimulate local production, and reinforce Nigeria’s industrial capabilities.

The statement added that officials from SON and BPP expressed confidence that the integration of standards into procurement will improve the credibility of government projects, promote industrial self-reliance, and build public trust in procurement outcomes.

“All stakeholders are enjoined to embrace these changes,” the statement read, “as the resulting procurement system will not only champion ‘Nigeria First’ but also uphold a ‘Quality First’ ethos that benefits all.”

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FG Declares Tuesday July 15 as Public Holiday for Buhari

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By Adedapo Adesanya

The federal government has declared tomorrow, Tuesday, July 15, 2025, as a public holiday in honour of the late former President Muhammadu Buhari.

According to a statement signed by the Permanent Secretary in the Ministry of Interior, Mrs Magdalene Ajani, this is furtherance with the seven days of national mourning declared by President Bola Tinubu on Sunday.

The Minister of Interior, Mr Olubunmi Tunji-Ojo, who declared the public holiday on behalf of the federal government, following the approval of President Tinubu, said the work-free day was a mark of respect for the late President’s service to the nation, his contributions to Nigeria’s democratic journey, and his enduring legacy in governance and national development.

“President Muhammadu Buhari served Nigeria with dedication, integrity, and an unwavering commitment to the unity and progress of our great nation. This public holiday provides an opportunity for all Nigerians to reflect on his life, leadership, and the values he upheld,” the Minister said.

He urged citizens to use the day to honour the memory of the deceased by promoting peace, patriotism, and national cohesion, in line with his vision for a prosperous and united Nigeria.

The national flags are to fly at half mast for the seven days of mourning period from Sunday,  July 13, 2025.

Earlier, the Governor of Katsina State, Mr Dikko Radda, announced the burial arrangements for the late Nigerian leader who died on Sunday, July 13, 2025, in a hospital in London at the age of 82.

At a press briefing on Monday, the Katsina Governor said following consultations with the late president’s family and close associates in London, it has been agreed that the remains of Mr Buhari would arrive in Katsina on Tuesday, July 15, 2025, by noon.

He disclosed that the burial would take place in Daura, the hometown of the late president, by 2 pm on the same day.

Mr Radda expressed deep condolences on behalf of himself, the state government, and the people of Katsina State, to the family of the late President and all Nigerians mourning the loss of a national icon.

The remains of the late Nigerian former president would be released once the documentations were perfected and will his remains will be brought to Nigeria.

Vice President Kashim Shettima and the Chief of Staff to the President, Mr Femi Gbajabiamila, earlier on Monday arrived in London, the United Kingdom, to receive the body of the late former president.

The late Buhari, who hailed from Daura, Katsina State, in Nigeria’s North-West zone previously served as the country’s military head of state between January 1984 and August 1985. He was elected in 2015 and was re-elected in 2019 and he was succeeded by President Bola Tinubu.

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Buhari’s Funeral Postponed to Tuesday

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By Modupe Gbadeyanka

The burial of former President Muhammadu Buhari has been moved to Tuesday, July 15, 2025.

The late Nigerian leader was earlier planned to be buried today, Monday, July 14, 2025, after his demise on Sunday evening.

Mr Buhari, who governed Nigeria as a civilian president from 2015 to 2023, died at about 4:30 pm in a London clinic on Sunday after an undisclosed illness.

He remains were earlier scheduled to be moved back to the country from the United Kingdom today, but the latest information suggests his corpse will arrive in Nigeria tomorrow.

In a notice this afternoon, it was disclosed that his body would be laid to rest in his hometown in Duara, Katsina State on Tuesday.

“The body of the late President Muhammadu Buhari is expected to arrive in Katsina at 12:00 noon tomorrow, with funeral according to Islamic rites scheduled to take place in his hometown of Daura by 2:00 pm on the same day,” the new announcement said.

Yesterday, President Bola Tinubu directed the Vice President, Mr Kashim Shettima, and his Chief of Staff, Mr Femi Gbajabiamila, to travel to the UK to bring the remains of his predecessor back home for a state burial.

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