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FG Reduces Price Of Petrol To #125, Effective From Today
The Nigerian National Petroleum Corporation (NNPC) says the fuel pumps at its retail stations will be adjusted to N125 for each litre of petrol on Thursday.
Mele Kyari, NNPC group managing director, said the adjustment is in compliance with the directive given by Timipre Sylva, the minister of state for petroleum resources.
“In compliance with the directives of the honourable minister of state for petroleum resources on PMS pricing, the corporation has reviewed its ex-coastal, ex-depot and NNPC retail pump prices accordingly.
“Effective March 19, 2020, NNPC ex-coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while the ex-depot price is reduced from N133.28/litre to N113.28/litre.
“These reductions will, therefore, translate to N125/litre retail pump price.”
Kyari said the immediate adjustment will come at a cost to the corporation, however, “NNPC is delighted to effect this massive reduction of N20/litre for the benefit of all Nigerians”.
“Accordingly, all NNPC retail stations nationwide have been directed to change the retail pump price to N125/litre.”
Addressing journalists at the end of the federal executive council meeting on Thursday, Sylva had said President Muhammadu Buhari approved that Nigerians should benefit from the reduction in the price of PMS which is a direct effect of the crash in global crude oil prices.
The move is also a step in the direction of deregulating the downstream sector as petrol retail price will be adjusted any development in the global oil market.
Crude oil price dropped as a result of reduced oil demand as economies shut down to curb the spread of coronavirus.

News
Ogun Court Denies Portable Bail Over Assault, Theft Charges; Remanded Until Jan 19
Controversial singer Habeeb Okikiola, popularly known as Portable, was on Monday arraigned before the Federal High Court in Ota, Ogun State, over criminal charges including assault and resisting arrest.
Confirming the development to our correspondent, the Ogun State Police Public Relations Officer, Oluseyi Babaseyi, said Portable was arrested and arraigned in Ota on Monday.
“Yes, he was arraigned and remanded yesterday,” Babaseyi said on Tuesday.
Portable’s arraignment followed a viral video that surfaced on Sunday showing him in handcuffs, shirtless and tearfully pleading while seated on a couch in what appeared to be a police holding area.
His arrest reportedly followed allegations of assault against actress and skit maker Omobolarinde Akinyanju, better known as Ashabi Simple, who is one of the musician’s baby mamas and the mother of one of his children.
In court, Vanguard reported that the prosecution alleged that the Zazu crooner attacked Ashabi, alongside some police officers and other individuals, at his bar in the Iyana Ilogbo area on New Year’s Day.
Other alleged victims named in the charge sheet include Ileyemi Damilola, Akinyanju Oluwabusayomi, Olowu Olumide, Demilade Ogunniyi and Ebuka Odah.
The prosecution further alleged that Portable stole a Mercedes-Benz E300 valued at ₦12 million, belonging to Ileyemi Damilola and associated with car dealer Wally Dex Auto.
During the proceedings, two siblings of Ashabi Simple testified as witnesses to the alleged assault, although Ashabi herself was absent from court.
Police also alleged that the singer obstructed and assaulted a female police inspector, Ogungbe Olayemi, while she was performing her official duties.
The presiding judge declined to grant the singer bail, citing the absence of the allegedly assaulted police officer in court.
The judge ruled that the officer must be present before a decision on the bail application could be made and consequently remanded Portable in custody, adjourning the bail hearing to January 19.
Meanwhile, the Ogun State Police Command has ordered an investigation into a separate viral video allegedly showing the singer being assaulted while in custody.
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Just In: U.S. Strengthens Nigeria’s Security With Major New Military Shipment
The United States has delivered military supplies to Nigerian security agencies in support of ongoing operations in the country.
The United States Africa Command, AFRICOM, announced the delivery in a post on X on Tuesday.
“US forces delivered critical military supplies to our Nigerian partners in Abuja. This delivery supports Nigeria’s ongoing operations and emphasizes our shared security partnership,” AFRICOM said on X.
Nigeria in recent times has faced an upsurge of insecurity, with hundreds being kidnapped.
US forces launched airstrikes on terrorist enclaves in North-West Nigeria on Christmas Day.
News
Chief (Mrs.) Lucia Onabanjo, Widow Of Bisi Onabanjo, Dies At 100
Chief (Mrs.) Lucia Onabowale Onabanjo, the widow of Ogun State’s first civilian governor, Chief Victor Olabisi Onabanjo, has passed away at the age of 100.
Her passing was announced by her daughter, Ms Olubukunola Onabanjo, on Tuesday.
According to Ms Onabanjo, the matriarch of the Onabanjo dynasty died at the age of 100.
She said in a statement: “The family of Chief Victor Olabisi Onabanjo, former Governor of Ogun State, announces with deep sorrow, yet with gratitude to Almighty God, the passing of our beloved mother, grandmother and great-grandmother.
“Chief (Mrs) Lucia Onabowale Onabanjo (1925–2026) was called to glory on Monday, January 11.
“We thank God for her long and fulfilled life, and for the enduring legacy of love, strength and faith she leaves behind.
“May her soul rest in perfect peace.”
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