Category: Local

In a move that could ease the financial burden on Nigerian consumers, the Dangote Refinery has cut the ex-depot price of Premium Motor Spirit (PMS) from ₦880 to ₦840 per litre. The ₦40 reduction, effective Monday, is expected to trigger a nationwide drop in pump prices starting Tuesday, July 2, 2025. Confirming the development, the President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, said members will implement the new pricing once they begin loading new supplies from the refinery. “It is true. Dangote Refinery reduced its petrol ex-depot price to ₦840. We are happy. Our members will reflect the new price starting Tuesday,” Maigandi told News360 Nigeria. IPMAN has summoned an emergency meeting to review and align pump prices nationwide. The latest price slash follows a prior hike by the refinery on June 20, attributed to a spike in global oil prices due to the Israel-Iran conflict. However, with the recent ceasefire announcement by U.S. President Donald Trump and subsequent de-escalation in the Middle East, crude oil prices have declined significantly. As of Monday night, Brent crude dropped to $67.81 per barrel and West Texas Intermediate (WTI) fell to $64.97. Despite the refinery’s new template, petrol prices at various filling stations in Lagos and Abuja remained high on Monday, ranging between ₦875 and ₦970 per litre. Partners like MRS, NNPC, AA Rano, Shafa, and Ardova sold at ₦945, while others like Ranoil and Empire were dispensing as high as ₦970. The new price adjustment by Dangote may prompt immediate market-wide corrections in coming days, offering Nigerians much-needed relief from soaring fuel costs. Ask ChatGPT

The Chairman of the Peoples Democratic Party (PDP) Governors’ Forum and Bauchi State Governor, Senator Bala Mohammed, has dismissed speculations of internal divisions within the party, declaring that the PDP remains united and resolute. Speaking during the party’s 100th National Executive Committee (NEC) meeting in Abuja on Monday, Mohammed emphasized that the PDP is focused on strengthening its internal cohesion and delivering quality governance. He reaffirmed the party’s commitment to restoring public confidence and retaining its position as a key force in Nigeria’s political arena.

In a major political realignment ahead of the 2026 Osun State governorship election, scores of members from the ruling Peoples Democratic Party (PDP) and the Rauf Aregbesola-led Omoluabi Progressive Group have defected to the opposition All Progressives Congress (APC). The defection ceremony took place over the weekend in Ejigbo Local Government Area, where hundreds of defectors were officially received into the APC at a well-attended event held at Ilupeju Multipurpose Hall. Ejigbo APC apex leader and former senator, Mudashiru Husain, welcomed the new members, hailing their decision as a reflection of the growing appeal of the APC despite being in opposition. Husain, a leading contender for the APC’s 2026 governorship ticket, pledged fairness and inclusivity while describing the defections as a “product of purposeful and collective leadership.” “The defection of these numerous members from the PDP and Omoluabi Tendency shows that our grassroots strategy is working. Our goal is to build a broad-based movement to ensure APC’s victory in 2026 and deliver President Bola Tinubu’s Renewed Hope agenda in Osun,” Husain stated. He added that his ambition to govern the state was driven by a commitment to progressive ideals, party discipline, and grassroots mobilisation. “It’s not a do-or-die affair, but I’m optimistic that I’ll emerge as the APC candidate and lead us to reclaim Osun,” he said. Leaders of the defecting factions expressed their motivations for switching camps. Hon. Wole Olajire, speaking on behalf of the Omoluabi group, said their move was “from uncertainty to certainty,” while PDP defector Hon. Kareem Mubarak decried his former party’s lack of internal democracy and performance. The event also featured remarks from local APC leaders, including Ejigbo LG Chairman Hon. Ayegbayo Gbolahan, West LCDA Chairman Hon. Olayanju Kolapo, and APC Ejigbo Chairman Hon. Lateef Adegoke, who praised the defectors and committed to strengthening the party’s base ahead of the crucial polls. Ask ChatGPT