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
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.
Business
MRS Increases Petrol Price to N955 Per Litre as Oil Price Goes Up

MRS filling stations, a key partner of Dangote Refinery, has announced a new petrol price hike, raising its pump prices across the country. In a price update shared on its official X page on Saturday, the company revealed that the new rates now range from N925 to N955 per litre, up from the previous N825 to N895 range.
This means petrol will now sell for N925 in Lagos, N935 in the South-west, N955 in the North-west and South-east, N945 in the North-central, and N955 in the North-east. For Lagos and Abuja, motorists will now pay N925 and N945 per litre at MRS stations, an increase from N875 and N895 respectively.
Meanwhile, NNPC retail stations have kept their pump prices unchanged at N875 in Lagos and N895 in Abuja as of Saturday evening. The nationwide increase comes amid rising global crude oil prices triggered by tensions in the Middle East, particularly the ongoing Israel-Iran conflict.
Business
Aliko Dangote to Step Down as Dangote Sugar Chairman After 20 Years

Aliko Dangote is stepping down as Chairman of Dangote Sugar Refinery Plc after two decades of steering the company’s growth and transformation. His retirement will officially take effect on June 16, 2025.
The announcement was made in a statement signed by the company’s secretary, Temitope Hassan, who praised Dangote’s contributions since he took over leadership in 2005. Over the years, he has played a major role in shaping Dangote Sugar into a top player in Nigeria’s sugar industry, overseeing its expansion and pushing key reforms in governance and operations.
During his time at the helm, the company rolled out several major projects focused on backward integration, setting up large-scale sugar production facilities in Adamawa, Taraba, and Nasarawa. These projects were designed to boost local output and cut down on the country’s reliance on imported sugar.
As part of a planned succession process, the board has named Arnold Ekpe as the incoming Chairman. Ekpe, who is currently an Independent Non-Executive Director on the board, will take over on the same day Dangote retires.
Ekpe brings decades of leadership experience, having served as Group CEO of Ecobank and held top positions across different industries. The board expressed confidence in his ability to lead the company into its next phase while also thanking Dangote for his outstanding service and dedication throughout the years.
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