Business
IPAC Urges Government to Improve Fuel Transport Safety After Jigawa Tragedy

The Inter-Party Advisory Council (IPAC) has urged the Federal Government to take immediate action to improve road safety and explore alternative methods for transporting highly inflammable petroleum products.
This call comes in the wake of a devastating fuel tanker explosion in Majiya town, located in the Taura Local Government Area of Jigawa State, where over 150 people tragically lost their lives, and many others were severely injured.
In a heartfelt statement signed by its National Chairman, Yusuf Mamman Dantalle, IPAC expressed deep sorrow over the loss of lives in the explosion.
The council conveyed its condolences to the families affected, acknowledging the magnitude of their grief, and emphasizing that no words could adequately ease their pain.
Dantalle stated that the council was deeply pained by the incident and stands in solidarity with the affected communities during this difficult time.
IPAC also pointed out the alarming frequency of fuel tanker accidents and explosions that have claimed hundreds of lives across the nation in recent months.
Many of the casualties in these incidents, the council noted, were individuals who had risked their lives by attempting to scoop fuel from the accident sites.
The council stressed that every Nigerian life is valuable and must be protected.
It urged citizens to refrain from the dangerous practice of gathering spilled fuel from accident scenes, which has often resulted in even more catastrophic outcomes.
Furthermore, IPAC called on the Federal Road Safety Corps (FRSC) to intensify public awareness campaigns aimed at educating citizens about the life-threatening dangers associated with scooping fuel.
The council emphasized the need for greater community outreach and sensitization efforts to prevent future tragedies of this nature.
In its statement, IPAC reaffirmed its commitment to working alongside the government and people of Jigawa State during this challenging period.
It stressed the importance of collective efforts to make Nigeria a safer and more secure nation for all its citizens.
The council also extended its prayers, asking Almighty Allah to comfort the grieving families and grant them the strength to cope with their irreparable losses.
IPAC additionally wished those injured in the explosion a speedy and complete recovery.
The explosion in Majiya town has once again highlighted the urgent need for improved infrastructure and safer practices in the transportation of petroleum products.
With repeated incidents of fuel tanker accidents causing widespread death and destruction, many are calling on the government to implement long-term solutions, such as the construction of pipelines or the adoption of rail transport for petroleum, which could greatly reduce the reliance on road tankers.
These solutions, combined with stricter regulations and enforcement, could help prevent further loss of life.
The Jigawa tragedy serves as a sobering reminder of the need for both government action and public cooperation to safeguard lives.
IPAC’s message resonates with the broader calls for improved safety measures, not only for fuel transportation but also in protecting citizens from preventable disasters.
Business
IPMAN to Reduce Fuel Prices After Dangote Refinery’s Petrol Price Drop

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it will announce a new, lower petrol price on Monday, following the recent price slash by Dangote Refinery. Dangote Refinery had dropped its ex-depot price for petrol from N840 to N820 per litre on Thursday, prompting IPMAN to consider adjusting its rates in response.
Speaking on the development, IPMAN President, Abubakar Maigandi, said the association is aligning with the move and will meet to finalize a fresh price cut for petrol. “Our members will also reduce their prices,” Maigandi said. “We’ll make an official announcement on the new fuel price after our meeting on Monday.”
As of Friday, filling stations across Abuja were selling petrol at varying prices, between N905 and N945 per litre. While NNPC, NIPCO, AA Rano, and Shema outlets were dispensing around N910, Dangote-linked stations like AP and Ardova offered it slightly lower at N905. Others, including Ranoil, Empire Energy, and Total Emadeb, were selling at the higher end, up to N945.
Business
Cooking Gas Price Increases by 2.18% as Nigerians Pay More to Refill

The cost of refilling a 12.5kg cylinder of cooking gas in Nigeria went up slightly in May 2025, rising by 2.18% compared to the previous month. The average price now stands at N20,709.11, up from N20,268.06 recorded in April. This update was captured in the latest Liquefied Petroleum Gas (LPG) Price Watch report for May, released by the National Bureau of Statistics (NBS).
According to the report, Delta State topped the list with the highest refill price at N23,356.56, followed by Abia at N22,953.01, and Ebonyi at N22,943.30. On the other hand, residents in Yobe, Lagos, and Kebbi states paid the least, with refill prices of N18,500, N18,536, and N18,606.60, respectively.
When compared to the same period last year, gas prices have jumped significantly, rising by 32% from N15,627.40 recorded in May 2024 to the current average. The NBS is yet to release figures for June 2025.
Business
GTCO Announces Nationwide Early Closure on June 30 for Half-Year Audit

Customers of Guaranty Trust Holding Company (GTCO) across Nigeria should brace for early branch closures on Monday, June 30, 2025, as the banking group kicks off its routine half-year audit.
In an official announcement shared on their verified X (formerly Twitter) page, GTCO informed customers that all their branches nationwide will stop attending to walk-in customers earlier than usual to allow for internal review processes.
The bank assured the public that this temporary adjustment is strictly for operational reasons tied to their mandatory half-year audit, a common practice among financial institutions to check financial records, processes, and compliance levels.
While in-person services will pause earlier that day, GTCO encouraged customers to make use of their digital banking platforms. Options such as internet banking, mobile apps, ATMs, and USSD codes, which will remain available 24/7 for essential banking transactions.
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