News
Fuel Scarcity Hits Ibadan, Pump Prices Soar to N1,200
Long queues of commercial vehicles, private cars, motorcycles, and tricycles have resurfaced at many petrol stations in Ibadan, the capital of Oyo State.
This development is a direct result of the ongoing shortage of petroleum, commonly referred to as Premium Motor Spirit (PMS), that has recently gripped the city.
Our correspondent, who monitored the situation, noted that residents of Ibadan have been facing this fuel scarcity since the previous week.
However, the crisis took a turn for the worse on Monday when several fuel stations shut their gates, further aggravating the situation.
The scarcity has affected several key areas in the city, including Sango, Ijokodo, Apete, Awotan, and Bodija.
Other affected locations include Agodi Gate, Total Garden, Yemetu, and the UI-Secretariat Road. While a few petrol stations remained open in these areas, they had significantly increased their pump prices.
Petrol stations owned by independent marketers are now selling PMS at prices ranging between N950 and N1,200 per liter, depending on the location.
However, stations operated by major marketers, such as those affiliated with the Nigerian National Petroleum Company (NNPC), are selling the product at a much lower price of N580 per liter. Additionally, stations operated by BOVAS have raised their prices from N650 to N670 per liter.
The impact of the fuel shortage has been felt across the city, with some commuters left stranded due to the scarcity of public transportation options.
The scarcity has led to disruptions in daily commuting, as many bus drivers and commercial transport operators struggled to obtain fuel to run their vehicles.
This situation has created further inconvenience for residents trying to navigate the already congested city.
One civil servant, Mr. Adekunle, expressed his frustration with the situation.
“It’s deeply troubling,” he said. “We are now forced to buy fuel at outrageous prices, ranging from N960 to N1,200 depending on the area. This is beyond frustrating; we are tired of this mess.”
The ongoing fuel crisis has not only resulted in long queues but has also caused an economic strain on commuters and transport operators alike.
The unpredictability of fuel prices has left many Ibadan residents worried about how long the situation will persist and the broader implications it may have on their daily lives.
News
LeBron James Steps Away from Social Media, Cites Negativity in Sports Coverage
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.
News
Lagos State Governor Sanwo-Olu Presents 3 Trillion Naira As Budget For 2025
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.
News
Diezani Alison-Madueke Seeks Court Approval to Amend Lawsuit Against EFCC Asset Forfeiture
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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