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NNPCL Announces Major Reduction In Petrol Price In Nigeria

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The Nigerian National Petroleum Company Limited (NNPCL) has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria at N995 per litre, JomogNews Nigeria reports.

This followed the intervention of the Department of State Services (DSS) in the controversy between the two parties.

The National Vice President of IPMAN, Hammed Fashola, told this news platform that the intervention of the DSS solved a lot of problems facing marketers.

Fashola also confirmed that through their intervention, the Nigerian Midstream and Downstream Petroleum Regulatory Authority agreed to pay the association’s outstanding N10bn while resolving issues about the direct purchase of petrol from the Dangote refinery.

“We really appreciate their intervention. They are doing their job. Anywhere they have seen that there may be a crisis, it is their duty to intervene. And their intervention brokered peace and understanding between the parties, and everybody agreed to work together,” Fashola stated.

Asked to disclose how much the NNPC will sell PMS to IPMAN, he replied, “For now, tentatively, I think they are offering us N995 per litre.”

With the N995 ex-depot price, Fashola assured that IPMAN members would no longer sell at prices much higher than that of major marketers, saying, however, that distance is another factor for pricey PMS.

“Our members sell at N1,200 or so and this depends on the location. I think with the N995, there will be a little reduction. Don’t forget that if you transport a product from Lagos to a far distance, you will pay for transportation and other charges.

“We want to work on that because we want to have a common ground. When we sit down and look at the price analysis offered to us, and factor in all our expenses, we want to have a uniform price as much as possible.

“So, I will not be able to tell you the exact price now, but we are working on it, especially in the Lagos axis and other zones. We will look at the transportation cost and all that. At the end of the day, we will fix the price for ourselves,” he stated.

The IPMAN leader emphasised that IPMAN is interested in prices that would be competitive, saying the price disparity has been a disadvantage to independent marketers.

“The price disparity has been a disadvantage between us and the NNPC Retail and major marketers. So, we are trying to look at how to close that gap so that we come back fully into the business. The lack of direct supply has been our problem, and now that we are solving that problem, I don’t think that disparity will be there again,” he stressed.

Fashola explained that the price differential is the reason for the queues in some filling stations in the cities.

“The queues you see are because of that difference in prices, that’s why people are saying there are queues. There are no queues; it is the price disparity that is causing the queues. So, if there is not much difference, we have filling stations everywhere; just drive in, buy fuel, and go. But that so much difference in the price is creating that scenario of queues,” he narrated.

Reacting to the directive that marketers can now buy petrol directly from local refineries, Fashola said the association would meet with Dangote this week.

“For now, we intend to meet with Dangote this week to see how we work out the modalities and all that. The Federal Government has given a directive and we want to take full advantage of that,” he posited.

The IPMAN vice president stressed that the association is not ignoring the NNPC either as it would patronise the best price.

“At the same time too, we are not ignoring NNPC. So, whichever way, we are ready to do business with NNPC. It depends on the price, we go for the best.

IPMAN had revealed on Thursday that the cost of petrol from the Dangote Petroleum Refinery to NNPC was about N898/litre, but noted that NNPC was selling the same product to independent marketers at N1,010/litre in Lagos.

The association, which controls over 70 per cent of filling stations nationwide, kicked against this and threatened to down tools, as it also demanded a refund from NNPC for earlier petrol supply payments made by its members.

The IPMAN national president, Abubakar Maigandi, who spoke during a live television interview on Thursday, argued that the price was higher than what NNPC paid for the product from the Dangote refinery.

He also noted that independent marketers’ funds had been held by the national oil company for about three months.

According to him, NNPC purchased the product from the refinery at N898/litre but is asking marketers to buy it at N1,010/litre in Lagos; N1,045 in Calabar; N1,050 in Port Harcourt; and N1,040 in Warri.

“Our major challenge now is that independent marketers have an outstanding debt from the NNPC and the company collected products through Dangote at a lower rate, which is not up to N900, but they are telling us now to buy this product from them at the price of N1,010/litre in Lagos; N1,045 in Calabar; N1,050 in Port-Harcourt; and N1,040 in Warri,” Maigandi stated.

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Reps Plenary Turns Chaotic As Motion To Rescind Electoral Act Amendment Sparks Row

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The House of Representatives descended into a rowdy session on Tuesday during an emergency plenary called to reconsider the Electoral Act (Amendment) Bill, 2025.

The chaos was triggered by a motion to rescind the bill’s earlier passage from December 23, 2025, which had mandated the real-time electronic transmission of election results to the IReV portal.

During plenary, Francis Waive, chairman of the house of representatives committee on rules and business, moved a motion for the house to reverse its decision on the bill which was passed on December 23, 2025.

When Tajudeen Abbas, speaker of the house, put the motion to a voice vote, the “nays” were louder than the “ayes”, but he ruled that the ayes had it.

The ruling triggered protests from lawmakers, who began hollering in objection. Abbas subsequently called for an executive session, but the proposal was also rejected.

Despite the resistance, the speaker moved the house into an executive session.

When the green chamber passed the electoral act in December, it adopted a proposal mandating the real-time transmission of election results to the Independent National Electoral Commission’s result viewing portal (IReV).

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El-Rufai Alleges Ribadu Behind Airport Arrest Attempt, Reveals Next Move

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Former Kaduna State Governor, Nasir El-Rufai, has accused National Security Adviser, NSA, Nuhu Ribadu of being behind the attempt to arrest him at the Nnamdi Azikiwe International Airport in Abuja on Thursday, shortly after he returned from a trip to Cairo, Egypt.

El-Rufai made the allegation while speaking with former Vice President Atiku Abubakar, who paid him a solidarity visit at his residence on Thursday night.

According to him, operatives of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, working with the Department of State Services, DSS, and not the Economic and Financial Crimes Commission, EFCC, confronted him at the airport and attempted to take him into custody.

“It turned out that it’s the ICPC that procured DSS to abduct me and hands me over to them. The ICPC has never invited me.

“We just understand that it’s the ICPC not EFCC that’s responsible for what happened today and the ICPC chairman is acting of the direct order of Nuhu Ribadu,” El-Rufai said.

Responding, Atiku expressed sympathy with the former governor and stressed the need for political unity ahead of the next general election.

The ex-Vice President noted that opposition forces must organize themselves to challenge President Bola Tinubu in 2027.

“We must come together and form very viable opposition because Tinubu is determined to turn Nigeria into a one party state,” Atiku said.

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Nnamdi Kanu Challenges Life Sentence, Files Appeal Against Terrorism Conviction

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Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), has officially filed a notice of appeal challenging his conviction and multiple sentences.

 

Kanu insisted that the trial was riddled with fundamental legal errors and amounted to a miscarriage of justice.

In the notice of appeal dated February 4, 2026, Kanu said he was appealing against his conviction and sentences on seven counts, including terrorism-related offences, for which he received five life sentences and additional prison terms after being found guilty on November 20, 2025.

“I, Nnamdi Kanu, the Appellant, having been convicted and sentenced… do hereby give notice of appeal against my conviction,” the document stated.

Kanu was convicted for offences including “committing an act preparatory to or in furtherance of an act of terrorism,” “making a broadcast… with intent to intimidate the population,” and “being the leader and member of the Indigenous People of Biafra (IPOB), a proscribed organisation in Nigeria,” among others.

Justice James Omotosho of the Federal High Court, Abuja, delivered the judgment on November 20, 2025, sentencing Kanu to five life terms for terrorism-related offences, 20 years’ imprisonment for being the leader of the proscribed IPOB, and five years’ imprisonment with no option of fine for importing a radio transmitter without a licence.

In his grounds of appeal, the IPOB leader accused the trial court of failing to resolve what he described as a “foundational disruption of the original trial process” following the 2017 military operation at his Afara-Ukwu residence.

“The learned trial judge erred in law by failing to resolve the procedural and competence consequences of the foundational disruption of the original trial process in September 2017,” Kanu argued.

He also contended that the court proceeded to trial and judgment while his preliminary objection challenging the competence of the proceedings remained unresolved.

“The learned trial judge did not hear or determine the objection,” the appeal document stated, adding that judgment was delivered “while the objection remained pending and undetermined.”

Kanu further faulted the court for delivering judgment while his bail application was still pending, arguing that this affected the fairness of the trial process.

He also claimed that the trial court convicted him under a law that had already been repealed, stating that “the learned trial judge erred in law by convicting and sentencing the Appellant under the Terrorism Prevention (Amendment) Act, 2013, notwithstanding its repeal by the Terrorism (Prevention and Prohibition) Act, 2022, prior to judgment.”

Kanu further argued that he was subjected to double jeopardy, contrary to Section 36(9) of the 1999 Constitution, after being retried on facts he said had earlier been nullified by the Court of Appeal.

He also complained that he was denied fair hearing, claiming that he was not allowed to file or present a final written address before judgment was delivered.

Among the reliefs sought, Kanu asked the Court of Appeal to allow the appeal, quash his conviction and sentences, and “discharge and acquit the Appellant in respect of all the counts.”

He also informed the appellate court of his desire to be present at the hearing of the appeal, stating, “I want to be present at the hearing of the appeal because I may be conducting the appeal in person.”

Kanu is currently being held at a correctional facility in Sokoto State, after his application to be transferred to a different facility in either Niger or Nasarawa State was denied.

 

 

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