News
FG Suspends 15% Import Duty On Petrol, Diesel To Prevent Price Hike

The Federal Government has suspended the implementation of the 15 per cent ad-valorem import duty earlier approved on imported Premium Motor Spirit (PMS) and diesel, following widespread concern that the policy could trigger fresh increases in fuel prices and worsen inflation.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced the suspension in a statement signed by its Director of Public Affairs, George Ene-Ita.
The duty, which was approved by President Bola Tinubu in October 2025, formed part of a fiscal measure aimed at aligning import costs with local production realities and supporting the growth of domestic refineries. The approval, conveyed through a letter by the President’s Private Secretary, Damilotun Aderemi, was based on a proposal from the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji.
Adedeji had argued that the new tariff framework would promote fairness in the downstream sector and encourage locally refined fuel, while ensuring that importers did not undercut domestic producers. “The core objective of this initiative is to operationalise crude transactions in local currency, strengthen local refining capacity, and ensure a stable, affordable supply of petroleum products across Nigeria,” he stated in his memo to the President.
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He further explained that the measure was corrective, not revenue-driven, and intended to stabilise the market by addressing pricing gaps between imported and locally refined products. The policy was expected to take effect after a 30-day transition period ending on November 21, 2025.
However, the plan drew strong opposition from stakeholders in the oil and gas industry, who warned that it would raise pump prices, drive up import costs, and increase inflation at a time when domestic refineries were still ramping up production.
In its latest statement, the NMDPRA said the import duty implementation “is no longer in view,” adding that the country currently has adequate supplies of petroleum products sourced from both local refineries and importation.
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“There is robust domestic supply of petroleum products to ensure timely replenishment of stocks at storage depots and retail stations during this period,” Ene-Ita said.
He cautioned marketers against hoarding or increasing prices outside market-reflective levels, stressing that the Authority would continue to monitor supply and distribution to prevent disruptions nationwide.
The suspension comes as the government intensifies efforts to stabilise fuel availability and pricing while supporting the transition toward self-sufficiency through local refining initiatives such as the Dangote Refinery and modular plants.
News
Otuaro Pledges To Expand PAP Scholarship As Beneficiaries Bag Master’s Degrees From UK Varsities

Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, has expressed his unwavering commitment to expanding the PAP scholarship scheme.
The PAP boss made the pledge at a graduation reception for nine students who were awarded foreign post-graduate scholarships by PAP in universities in the United Kingdom.
A statement by his Special Assistant on Media, Mr Igoniko Oduma, said the successful scholars are the first graduates in the offshore post-graduate scholarship deployment to UK institutions by the PAP Administrator, Dr Dennis Otuaro, for the 2024-2025 academic session.
According to the statement, they graduated from the Anglia Ruskin University, University of Dundee and The University of Law with master’s degrees in cyber security, data science and engineering, law, construction and civil engineering management, project management, and ICT.
READ ALSO:PAP Seeks NCC Partnership On Beneficiaries’ Empowerment
Otuaro disclosed in the statement that 711 undergraduate and post-graduate scholarship beneficiaries are expected to graduate from universities within Nigeria this year.
According to Otuaro, the expansion of the scholarship scheme is aimed at creating more opportunities for indigent students of Niger Delta extraction to access higher education with a view to closing the human capital development gap in the region.
Otuaro said it was for this reason he deployed 3800 beneficiaries in-country in the 2024-2025 academic year, and increased the figure to 3900 in the 2025-2026 academic session with 200 for foreign scholarships.
He said under his administration, 7700 students have been so far deployed for the PAP scholarship scheme within Nigeria in less than two years.
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According to him, aince he took over, he has deployed 162 students from the region for post-graduate programmes in targeted disciplines in the UK universities.
According to him, this is in conformity with the Renewed Hope Agenda of President Bola Tinubu for the Niger Delta, who has given unprecedented support to the PAP because of his sincere love for the area.
The PAP boss said, “Our decision aligns with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu GCFR for the Niger Delta. We will continue to create more higher educational opportunities for students from indigent backgrounds in our region.
“We are also deepening the implementation of the programme’s mandate in informal education and other areas for the sustainable peace and socio-economic advancement of the region.”
Otuaro, who congratulated the master’s graduates on their successful graduation, stressed that they completed their programmes in record time which shows the seriousness they had put into their studies.
He said they have justified the Federal Government’s investment in their education with their successful graduation, and urged other beneficiaries not to be distracted in their academic pursuits.
“We congratulate these scholars on their successful graduation. It shows that they took their studies seriously. That is what we demand of every scholarship beneficiary, whether at the undergraduate or post-graduate level”, Otuaro said.
News
Okpebholo Declares Edo Business-friendly

Governor Monday Okpebholo of Edo State on Friday declared the state as Edo business-friendly environment and ready to welcome any investor to the state.
The governor spoke when he played host to members of the South – South Coalition of the Chambers of Commerce, Industry, Mines and Agriculture (COSSCIMA).
The governor, who received his guests through the Office of the Deputy Governor, Hon. Dennis Idahosa, said his administration has provided the enabling environment for investors to promote their businesses.
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The governor commended the COSSCIMA for deeming it fit to choose the stata as host to the annual general meeting of the body.
“It is not surprising that you pick the state as a choice because we have provided the enabling environment by investing in infrastructure and reducing insecurity to the barest minimum.
“So, we assured potential investors that the state is safe, secured for all to come and invest,” he stated.
Also speaking, Hon. Omoh Anabor, Commissioner for Business, Trade, and Investment, said that the state was ready to partner any firm.
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Earlier in his address, President of COSSCIMA, Hon. Indutimi komonibo said, “The Edo State Governor is doing a great job.
He, however, pointed out that nonetheless reiterated, “No government can succeed without partnering with the organized private sector.”
“We seek collaboration wherever we go. We carry the emblem of national development. Investors are looking for where their business will thrive. We understand the language of the business.”
He stated that COSSCIMA membership cut across the six Chambers of Commerce that make up the South-South states of the federation.
News
Oba Of Benin Suspends Priest, Reaffirms Appointment Of Okao

The Oba of Benin, Oba Ewuare the second, has suspended the traditional priest of Uniamen Village, Chief Sunday Sidney Enoma as the Ohen-Ovia of Unuamen for violating the custom and traditional of Benin.
The Monarch reaffirmed Chief Kingsley Igbinosa as the Okao (traditional head) of Unuamen Village, in Ovia North East local Government Area of Edo State.
In a statement by his Chief Press Secretary, Osaigbovo Iguobaro, the Oba described the claim by the suspended Ohen of Unuamen that he is the one who usually installs the Okao of the village as baseless, unfounded and abominable.
The Benin Monarch noted that all Chieftaincy titles in Benin kingdom are conferred by the Oba.
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