News
BREAKING: Dangote Further Crashes Diesel, Aviation Fuel Price
Published
1 year agoon
By
Editor
Dangote Petroleum Refinery has again announced a further reduction in the prices of diesel and aviation fuel to N940, N980 per litre respectively.
This is coming at the wake of its widely celebrated price reduction to N1,000 barely two weeks ago.
The price change of N940 is applicable to customers buying five million litres and above from the refinery while the price of N970 is for customers buying one million litres and above.
Speaking on the new development, the Head of Communication, Mr Anthony Chiejina, explained that the new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria.
“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri.
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“You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates,” he stated.
He further stated that the partnership will be extended to other major oil marketers.
“The essence of this is to ensure that retail buyers do not buy at exorbitant prices.
“The Dangote Group is committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce this new prices and hope that it would go a long way to cushion the effect of economic challenges in the country,” he added.
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It would be recalled that the management of Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 Naira per litre barely two weeks ago.
This marks the third major reduction in diesel price in less than three weeks when the product sold at N1,700 to N1,200 and a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.
President Bola Tinubu had also commended Dangote for the initial price reduction, describing it as an “enterprising feat.”
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Reacting to the latest development, The Director General of the Manufacturers Association of Nigeria (MAN), Mr Ajayi Kadiri, said: “The decision of Dangote Refinery to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy.”
He added: “The trickle down effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity.
“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation.”
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The National Commission for Colleges of Education has uncovered and shut down 22 illegal Colleges of Education.
The discovery was made during a crackdown on illegal colleges of education in the country.
The development was revealed in the commission’s achievements, seen by our correspondent.
“The NCCE identified and shut down 22 illegal Colleges of Education operating across the country.
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“The NCCE conducted personnel audit, financial monitoring in all the 21 federal colleges of education,” the commission said.
President Bola Tinubu had recently urged the National Universities Commission, the National Board for Technical Education and the National Commission for Colleges of Education to weed out illegal higher institutions of learning in the country.
Speaking at the 14th convocation of the National Open University of Nigeria in Abuja, the President ordered the NUC, the NBTE, and other agencies to take decisive action against what he described as “certificate millers” undermining the credibility of the education sector.
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Tinubu, who was represented by the Director of University Education at the Federal Ministry of Education, Rakiya Ilyasu, warned that the integrity of the academic system must not be compromised.
“At this juncture, it has become imperative to reiterate that this administration remains committed to strengthening the integration of all agencies involved in the administration of education to enhance efficiency and quality,” the President said.
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News
EFCC Orders Arrest Of Dismissed Officer On Lege Miami’s Show
Published
5 hours agoon
August 25, 2025By
Editor
The Economic and Financial Crimes Commission has condemned the actions of one of its former staff, Olakunle Alex Folarin, who was recently spotted participating in a matchmaking programme on social media platforms hosted by popular entertainer Lege Miami.
The agency has ordered his immediate arrest for retaining official EFCC property, including an identity card, following his dismissal for certificate forgery.
The anti-graft agency, in a statement on its official X handle on Monday, said Folarin served as a driver at the EFCC’s Ibadan Zonal Directorate.
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He was, however, dismissed after investigations confirmed he had forged his academic credentials.
It said, “The Economic and Financial Crimes Commission, EFCC, condemned in the strongest terms, the involvement of one of its former staff, Olakunle Alex Folarin, in a matchmaking programme running on Lege Miami social media platforms.”
“Folarin was recently dismissed from the Commission for certificate forgery. He was a driver at the Ibadan Zonal Directorate of the EFCC.”
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The statement said EFCC Executive Chairma,n Mr. Ola Olukoyede, has ordered Folarin to be arrested and emphasised that Folarin’s actions should not be associated with the commission.
“The Executive Chairman of the EFCC, Mr. Ola Olukoyede, has ordered his arrest for being in possession of some Commission’s properties, including an identity card, which he should have handed over upon being dismissed from the EFCC.
“The public is advised against associating Folarin’s post-dismissal conduct with the EFCC,” the statement concluded.
News
NERC Transfers Regulation Of Electricity Market To Bayelsa
Published
6 hours agoon
August 25, 2025By
Editor
The Nigerian Electricity Regulatory Commission has transferred regulatory oversight of the electricity market in Bayelsa State to the Bayelsa Electricity Regulatory Agency.
In a notice on its social media handles on Monday, the commission said this was in compliance with the amended 1999 Constitution and the Electricity Act 2023.
“In compliance with the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023 (Amended), the Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Bayelsa State from the Commission to the Bayelsa State Electricity Regulatory Agency,” the commission said.
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Recall that with the Electricity Act 2023, the commission retains the role as a central regulator with regulatory oversight on the interstate/international generation, transmission, supply, trading, and system operations.
The Act also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes and requests NERC to transfer regulatory authority over electricity operations in the state to the state regulator.
The transfer order by NERC directed Port Harcourt Electricity Distribution Company Plc to incorporate a subsidiary distribution company to assume responsibilities for intrastate supply and distribution of electricity in Bayelsa State from PHED.
PHED was also directed to complete the incorporation of PHED SubCo within 60 days from August 21, 2025.
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“The subcompany shall apply for and obtain a licence for the intrastate supply and distribution of electricity from BYERA, among other directives,” the commission said.
It concluded that all transfers envisaged by the order shall be completed by February 20, 2026.
With this order, Bayelsa has joined states like Lagos, Imo, Ogun, Ondo, Ekiti, Enugu, Niger, Edo, Oyo and Plateau, which have got the power to regulate electricity markets.
The state can now generate, transmit, and distribute electricity while issuing licences to investors within the value chain.
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