News
Fuel Prices Drop in Abia to N1,150-N1,200 Following NNPC Direct Supply
Fuel prices in Abia have dropped from N1,300-N1,350 per liter to between N1,150 and N1,200. This decrease follows the Nigeria National Petroleum Company’s (NNPC) decision to allow direct requests and payments for fuel from members of the Independent Petroleum Marketers Association of Nigeria (IPMAN). Marketers in Aba and Umuahia have begun sourcing fuel directly from the NNPC, contributing to the lower prices.
Mazi Oliver Okolo, Executive Chairman of IPMAN’s Aba branch, explained that improved supply from the NNPC is driving the price reduction. He noted that since the NNPC opened its portal for requests last Saturday, he expects further price drops once supplies begin next week. Okolo emphasized that direct supply from the NNPC and the operational status of local depots in Aba are crucial for sustaining low fuel prices.
He believes that if NNPC, the state government, and the federal government collaborate to ensure fuel availability at the Aba depot, prices could fall to around N900 or below N1,000 per liter. Okolo acknowledged the challenges faced by marketers due to high sourcing costs from third parties and thanked Governor Alex Otti for starting the rehabilitation of the Osisioma-NNPC-Ekeakpara road, a federal road that will aid in improving fuel distribution.
LeBron James, the NBA’s all-time leading scorer and Los Angeles Lakers star, has announced a temporary break from social media.
The 39-year-old made the announcement on X (formerly Twitter) and Instagram after sharing a post by Rich Kleiman, agent to NBA star Kevin Durant, criticizing the media’s focus on negativity.
Kleiman wrote, “With so much hate and negativity in the world today, it confuses me why some of the national sports media still think that the best way to cover sports is through negative takes… I, for one, find it all a waste of breath.” James shared the post, adding a simple comment: “AMEN!!”
In a follow-up post, James confirmed his social media hiatus, writing, “And with that said, I’ll holla at y’all! Getting off social media for the time being. Y’all take care.”
James, known for his strong presence on and off the court, is taking this break amidst ongoing discussions about the role of media in shaping public perceptions of athletes.
Lagos State Governor, Sanwo-Olu presents 3 Trillion Naira as the budget for the proposed Appropriation Bill for 2025 to the house of assembly. The assembly meeting was led by Speaker, Mudashiru Obasa. The budget is themed Budget of Sustainability and will be a blue print for the commitment to Lagosians.
The ceremony was held in the state house, Alausa, Lagos. With this proposed bill the state government is focusing on environment, education, technology, security and public safety.
Former Petroleum Minister Diezani Alison-Madueke has filed a motion to amend her lawsuit challenging the Economic and Financial Crimes Commission’s (EFCC) order for the final forfeiture of her seized assets.
At a Federal High Court hearing in Abuja presided over by Justice Inyang Ekwo, Alison-Madueke’s counsel confirmed filing the amendment motion and serving the EFCC. Notably, no EFCC representatives appeared in court.
The embattled ex-minister also sought an extension of time to contest the EFCC’s public notice regarding the sale of her confiscated properties, claiming she was denied a fair hearing during the forfeiture proceedings.
The EFCC, however, rejected Alison-Madueke’s allegations, maintaining that the forfeiture cases were lawfully adjudicated over time.
Justice Ekwo adjourned the case to February 17, 2025, to consider the motion to amend the originating process.
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