Connect with us

News

Petrol Depot Price: Marketers To Sell At ₦168 – ₦170 Per Liter – NNPC

The Petroleum Products Marketing Company, an auxiliary of the Nigerian National Petroleum Corporation, has increased the ex-depot cost of Premium Motor Spirit, otherwise called petroleum, to N155.17 per liter from N147.67 per liter.

The PPMC revealed this in an inside update with reference number PPMC/C/MK/003, dated November 11, 2020, and endorsed by Tijjani Ali.

The notice, a duplicate of which was seen by our reporter, said the new ex-depot cost would produce results from Friday.

In its PMS value proposition for November, the PPMC put the arrival cost of petroleum at N128.89 per liter, up from N119.77 per liter in September/October.

It said the assessed least production cost of the item lead to an increment of N161.36 per liter from N153.86 per liter.

The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr. Mike Osatuyi, said 

“The ramifications of the expansion in the ex-terminal cost is that there will be an expansion in the siphon cost. We are expecting the siphon cost to go from N168 to N170 per liter.

“Unrefined petroleum cost is going up,”

Petroleum value band had additionally ascended from N121.50–N123.50 per liter in June to N140.80-N143.80 in July and N148-N150 in August.

The Minister of State for Petroleum Resources, Timipre Sylva, said in September that the public authority had ventured back in fixing the cost of petroleum, adding that market influences and unrefined petroleum cost would keep on deciding the expense of the item.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Gunmen abduct Kwara APC chairman’s wife, daughter in midnight raid

Gunmen suspected to be kidnappers have abducted the wife and daughter of Alhaji Muhammad Swasun, Chairman of the All Progressives Congress (APC) in Patigi Local Government Area of Kwara State.

The victims, identified as Hajiya Fatima and her daughter Amina, were seized on Sunday, September 7, at night when a five-man armed gang stormed the party chairman’s residence in Sakpefu.

Eyewitness accounts revealed that the attackers scaled the compound fence and opened fire indiscriminately to terrify residents before breaking into one of the rooms.

“They entered into one of the rooms where they found his wife and daughter and took them away, shooting into the air,” a party executive told reporters, adding that the chairman narrowly escaped being kidnapped himself.

Another APC member confirmed that the gunmen operated for several minutes before whisking the women to an undisclosed location.

“The bandits abducted his wife, Hajiya Fatima, and his daughter, Amina, and took them to an unknown destination,” the source explained, according to Vanguard.

The latest abduction has heightened anxiety in Patigi, a region already grappling with recurring cases of kidnapping.

Residents have repeatedly urged the government and security operatives in recent months to intensify efforts to curb the menace.

Continue Reading

News

Ace Comedian Ali Baba evicted from Victoria Island property over legal dispute

Veteran Nigerian comedian Atunyota Alleluya Akpobome, popularly known as Ali Baba, has been evicted from his luxurious, multi-million-naira property located in Victoria Island due to a court dispute.

The property, which was purchased for ₦220 million by Ali Baba, is the subject of an ownership dispute at the Federal High Court.

Amid the legal dispute, Ali Baba and his company, XQZMOI TV, were evicted from the property located at 324A Akin Ogunlewe Street.

The eviction was carried out by bailiffs of the Federal High Court following a writ of possession signed on August 15, 2025.

The property in question was initially sold to Ali Baba by the Assets Management Corporation of Nigeria (AMCON) in 2021 for ₦220 million.

At the time, AMCON claimed it was recovering debts allegedly owed by Harold Expansion Industries Nigeria Limited.

But Harold Expansion disputed the debt and counterclaimed that they had already made repayments. Their lawyer, Benjamin Olayiwola Sadibo, insisted that the property was sold wrongfully.

On July 31, 2025, Justice Ambrose Lewis-Allagoa of the Federal High Court delivered a verdict that changed everything as he dismissed AMCON’s case, ruling that the corporation had failed to provide convincing evidence of the alleged debt.

The Justice stressed that AMCON did not even present a statement of account to back its claims a fatal omission for a creditor. Worse still, AMCON did not file a defence against Harold Expansion’s counterclaim, leaving the court with no choice but to side with the company.

In addition to ordering the property to be returned to the family of its original owner, the judge also imposed ₦500 million in damages on AMCON.

Ali Baba’s culpability in the case came as a result of the timing of the purchase. Records show that he purchased the property while the case was still in court, despite an existing preservation order.

He was said to have been a tenant of the property’s original owner before AMCON evicted the family and sold it.

Continue Reading

News

Police summon El-Rufai, other Kaduna ADC chieftains over alleged criminal conspiracy

Anti-Open Grazing

The Kaduna Command of the Nigerian Police has summoned former Governor of the state, Malam Nasiru El-Rufai, and other top chieftains of the African Democratic Congress (ADC).
In the summons letter dated September 4, 2025, the ADC members were invited for questioning over alleged incitement of public disturbance, criminal conspiracy, mischief, and causing grievous hurt.

Signed by the Deputy Commissioner of Police in charge of the Criminal Investigation Department (CID), Uzainu Abdullahi, the letter said the invited individuals are required to come and clarify the allegations against them.

“This Department is currently investigating the above-mentioned case involving the following members of your party. You are requested to come along with them to SCID to clarify allegations reported against them by the complainants on 8th September, 2025.

“Mal. Nasir El-Rufa’i, Bashir Sa’idu, Jafaru Sani, Ubaidullah Mohammed, aka 30, Nasiru Maikano, Aminu Abita, and Ahmed Rufa’i Hussaini, aka Mikiya,” the letter reads.

Sani, one of the invited members and ADC North-West Vice Chairman, told Daily Trust that he learned of the invitation through social media.

“Yes, most of us only saw the statement on social media,” he said, declining further comments.

The development followed the heated exchanges between the Kaduna State government and El-Rufai over the violence that rocked an ADC meeting in the state last week.

The government accused the former Governor of plotting to cause destabilisation in the state through provocative actions and inflammatory statements.

In a statement signed by Dr. Suleiman Shuaibu, the Commissioner for Internal Security and Home Affairs, the government said it wouldn’t sit idle and watch El-Rufai plunge the state back into violence, division, and insecurity.

“This Government will not fold its arms and allow a discredited former leader, who left the state in ruins, to ignite chaos and plunge the state into another era of ethno-religious tension, insecurity, and economic stagnation,” the statement read.

Continue Reading

Trending