NEWS
FG Again Dismisses Report on Fuel Price Hike, Promises Action on High Cost of Cooking Gas
The Federal Government has again dismissed reports on plans to hike fuel price.
Chief Executive Officer of the Midstream Petroleum Regulatory Authority, Farouk Ahmed, who made this position known in Abuja on Tuesday, reassured that there were no plan to increase the official price of Premium Motor Spirit (PMS), as being speculated in some quarters.
Ahmed spoke when he fielded questions from State House Correspondents, after he along with the newly appointed Chief Executive Officer of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, were officially presented to President Muhammadu Buhari.
This is coming just as government also promised to do something drastic, concerning the rising cost of cooking gas, so as to address the pains Nigerians are going through, especially now that the Yuletide season approaches.
The Minister of State, Petroleum Resources, Timipre Sylva, presented the two Chief Executive Officers to the President at the Presidential Villa, Abuja, on Tuesday.
Ahmed maintained that the marginal queues being witnessed at filling stations in Abuja and some parts of the country, had nothing to do with any supposed plan by government to hike PMS price.
He, however, stated that the queues were caused by the payment logistics in US Dollars by depot owners, and the issue is being addressed by relevant authorities.
“Basically, what happened is that some of the depot owners selling Premium Motor Spirit above the official ex-depot price of N148, are selling at N156 or N157.
“The reason is that they are paying for their logistics like shipping and Port charges and Nigerian Maritime Administration and Safety Agency (NIMASA) charges in US Dollars and they have to go to parallel market to source for the Dollars.
“The differential between the official exchange rate and the parallel market is their reason for adding between N9 and N10.
“But we had a meeting on Tuesday, Nov. 9, and the heads of the Nigeria Ports Authority and NIMASA as well as other stakeholders were all there and it was resolved that NNPC excess capacity vessels would be chattered to oil marketing companies and they would be charging in Naira.
“NIMASA and the Ports Authority will also revert back to their supervising ministries and get directives to collect their charges in naira rather than US Dollars.
“I believe with these, there will be no reason for the depot owners to increase their price beyond the official selling price of N148,” he explained.
Also addressing the State House Correspondents, Sylva said the president was happy with the level of implementation of the Petroleum Industry Act (PIA) 2021.
According to him, President Buhari urged the regulators in the petroleum industry to do what is best for Nigeria.
He said: ”The President is happy with the level of implementation of the PIA. A lot is going on, already the agencies created by the law are now in place.
“The President charged us to ensure that we use our best experience to ensure that the industry is on track.
“Luckily for us, we have very experienced people on the saddle, both in the authority and the commission and the President asked us to go ahead and do what is best in the interest of Nigeria at all times.”
On the recent increase in the price of cooking gas in the country, the Minister said “the President is worried over the situation just like all other Nigerians.”
Sylva further said although the price of the essential commodity is not regulated by Nigeria, some steps would be taken internally to provide some relief, ahead of the yuletide season.
“We must understand that cooking gas is not subsidized. It is already a deregulated commodity so the price is not determined by government or anybody here in Nigeria. In fact, gas prices are determined internationally.
“The price of gas internationally now affects the price of gas in our country.
“But there are some issues around Value Added Tax (VAT) charges and other taxes on imported gas, which we are handling.
“But, I want to assure you that we are quite concerned and the President also is very concerned; he is aware that the price of gas is high in the market and we are doing everything to see how we can bring down the price of gas, especially as the yuletide approaches,” he said.
On the transition of cars from the use of petrol to gas, he said government needed about N6 billion for the procurement of kits to convert the first one million cars as well as facilitate the procurement of equipment that will enable gas pump stations come on board. (NAN)
NEWS
NDLEA Nabs 85-year-old Woman, Seizes 407kg Cannabis
The National Drug Law Enforcement Agency (NDLEA) has arrested an 85-year-old grandmother and five other suspected drug traffickers during coordinated raids in Edo.
The Edo Commander of NDLEA, Dr. Mitchell Ofoyeju, disclosed this in a statement on Monday in Benin.
Ofoyeju said the operations led to the seizure of 407.
39kg of cannabis and other illicit substances, including 546g of loud, 114g of tramadol, four grams of diazepam and three grams of swinol.The NDLEA boss identified the suspects as Grace Ehimeka, 85; Ali Garba, 57; Habib Braimoh, 45; Musa Mubid, 35; Ayo Aigberadion, 53; and Hope Okoro, 35.
He said Ehimeka, also known as Mama Grace, was arrested at her residence in Warake on Oct. 16, with 15 bags of cannabis weighing 179kg.
Ofoyeju noted that old age was no excuse for violating the law, adding that the command remained committed to combating illicit drug trafficking in the state.
“The NDLEA Act is clear: you cannot hide under the canopy of old age and perpetrate acts that violate the law.
“The octogenarian, Grace Ehimeka, was apprehended on Oct. 16, in her house at Warake community.
“This is a bad example for her children and grandchildren,” he said.
The commander said Ehimeka admitted ownership of the drugs in her statement and pleaded for another chance.
Ofoyeju said operatives arrested Garba in Ivbiaro on Oct. 15, with 5.85kg of cannabis, while Braimoh was arrested in the same community on the same day with 100g of the substance.
He added that Mubid was arrested in Warake too with two kilograms of cannabis, 309g of cannabis seeds, 114g of loud and 135g of assorted pharmaceuticals, including tramadol, swinol and diazepam.
According to him, Aigberadion was arrested in Ewe/Irue, Owan East Local Government Area, on Oct. 16, with 220.8kg of cannabis.
Ofoyeju said Okoro was apprehended in Auchi town with 237g of loud.
“The arrests and seizures form part of our renewed efforts to combat drug trafficking and abuse,” he said.
The NDLEA chief urged members of the public to provide timely and credible information to support the fight against drug trafficking and abuse. (NAN)
NEWS
Economy would’ve Collapsed without Tinubu’s Reforms, Says Shettima
Vice President Kashim Shettima has said Nigeria’s economy would have collapsed had President Bola Tinubu not taken what he called far-reaching decisions.
He said but for the tough decisions, critics would by now be writing epistles on a collapsed economy from the comfort of their homes in Dubai and New York.
Shettima spoke at a forum titled ‘Together till 2027: An Evening with Original City Boy’, organised by the City Boy Movement in conjunction with the Relax-Tinubu-Is-Fixing-Nigeria movement, both of which are backing the President’s reelection in the January 2027 elections.
The Vice President credited the President’s decisions for the economy’s recovery.
He said, “The President took those far-reaching decisions. He had the courage of conviction and the knowledge to take those far-reaching decisions that repositioned the Nigerian economy, so that now the economy grew by 4.43 per cent in the last quarter.
“Most importantly, our foreign reserves are now hovering at the level of $60bn.
“Remember how far we have come. It’s only those who have been in the deepest valley that will appreciate how magnificent it is to be on a mountain top.”
To the critics of the administration, Shettima said, “The same people that are crying wolf. If the President had not taken those far-reaching decisions, Walahi, I am not talking to you as a politician. I am talking to you as a Nigerian, our economy would have collapsed.
“These people, by now, would be writing epistles on a collapsed economy from the comfort of their homes in Dubai, in New York, or in marriage with their young Moroccan wives.
“I have not mentioned anybody’s name.”
He admitted that Nigerians had endured hardship, but said it could have been worse.
“Your Excellency, distinguished ladies and gentlemen, the President has to be commended, not demonised.
“Yes, Nigerians have gone through some tough times, but it could have been worse.
“Be reassured that in the coming weeks, the President will come up with robust responses to agricultural challenges, and prices of foodstuff will certainly come down,” he stated.
The Vice President said efforts were being made to reposition the economy, citing the Nigerian Education Loan Fund and investments in infrastructure. He then asked the youth to carry the message to the streets.
“I urge the youth of Nigeria. I beseech thee. I implore you to go out to the streets and tell the truth to other Nigerians,” he stated.
At the inauguration of the All Progressives Congress Presidential Campaign Council on October 14, Shettima mocked the former Vice President, Atiku Abubakar, and the former Anambra State governor, Peter Obi, over their economic proposals.
The National Bureau of Statistics reported on August 31 that real GDP grew by 4.43 per cent in the second quarter, up from 4.23 per cent a year earlier.
It put headline inflation at 14.63 per cent in September, down from 15.39 per cent in August and 20.98 per cent in September 2025.
Food inflation, however, was 19.59 per cent.
Data from the Central Bank of Nigeria put external reserves at $55.07bn as of October 9.
The City Boy Movement, led by its Director-General, Francis Shoga, unveiled a nationwide campaign for Tinubu’s reelection on June 11, when Shettima received its leaders at the Presidential Villa.
The Minister of Youth Development said it had representatives in all 36 states and the Federal Capital Territory.
The APC flags off its campaign in Kaduna on October 24, ahead of the presidential election on January 16, 2027.
NEWS
56,000 Candidates Register for 2026 Private WASSCE
The West African Examinations Council (WAEC) said no fewer than 56,000 candidates registered for the 2026 West African Senior School Certificate Examination (WASSCE) for Private Candidates (Second Series).
The Head, National Office (HNO), WAEC, Suleiman Kum, disclosed this during an inspection of the Computer-Based Test (CBT) English Language examination on Saturday in Lagos.
The inspection took place at the WAEC Training and Testing Centre, Ijaiye Road, Ogba, where candidates sat for the examination.
Kum said that the registered candidates included about 272 walk-in candidates who enrolled to remedy individual subjects.
He said that Lagos State recorded more than 22,000 candidates, including about 50 walk-in candidates sitting for the examination.
The WAEC official said that the adoption of CBT was to curb examination malpractices, strengthen the credibility of the exercise and promote transparency.
He said that WAEC introduced CBT in 2024 and had continued to improve the process to strengthen examination security and reduce malpractice.
“We have discovered that the Computer-Based Test, popularly known as CBT, is truly the best way to conduct examinations because malpractice is drastically reduced,” Kum said.
He said that candidates were thoroughly searched before entering examination halls, to prevent prohibited materials from being taken inside and safeguard the integrity of the exercise.
“We do not set traps for candidates; we want to prevent malpractice by ensuring they enter the examination hall without unauthorised materials,” Kum said.
He said that the council would continue to adopt innovations to improve examination administration and sustain its reputation for integrity.
“WAEC will continue to improve to ensure that it remains the benchmark for examination integrity and innovation in Nigeria,” Kum said.
The HNO advised candidates to study diligently, practise WAEC past questions and marking schemes, and read chief examiners’ reports to improve their performance.
“The chief examiners’ reports show candidates’ weaknesses, strengths and how they should answer questions, which can greatly improve their performance,” he said.
The examination is part of WAEC’s ongoing transition toward computer-based testing. (NAN)


