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Marketers Petition Tinubu Over Plummeting Diesel Prices, Senate Delays Sabotage Hearing

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Devakumar Edwin, Vice President of Dangote Industries Limited, revealed that petroleum marketers in Nigeria have raised concerns over the pricing of locally refined diesel.

These marketers have formally approached President Bola Tinubu, expressing dissatisfaction with the current price trends.

According to Edwin, diesel prices have seen a significant reduction, dropping from N1,200 per litre to N900 per litre, and this has had an adverse effect on the marketers’ businesses.

He shared these insights during a Twitter Space session hosted by Nairametrics on Thursday.

During the session, Edwin explained that the marketers are worried about the declining prices, which, in their view, threaten their business profitability.

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They believe the situation could impact the overall dynamics of the oil and gas industry if not addressed promptly.

Additionally, the Senate recently announced a delay in the public hearing concerning alleged sabotage in Nigeria’s petroleum sector.

This development was confirmed by Senator Opeyemi Bamidele, the Leader of the Senate and Chairman of the Senate Ad-hoc Committee, who stated that the hearing would be postponed.

The issue of sabotage has been a topic of concern, and stakeholders hope the eventual hearing will shed light on the underlying issues affecting the industry.


 

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Nigerian Student Wins 2026 Spelling Bee World Championship

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It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.

It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.

“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”

The young star has made Nigeria proud by winning the international competition.


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‘My Reforms Have Stabilised Nigeria’s Economy’ — President Tinubu

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President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.

He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”

The President added that the reforms are creating more opportunities for development across the country.

However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.


 

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Nyesom Wike Says He Knows Civil Servants Don’t Like Him

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Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.

He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.

He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”


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