Business
NNPCL Stops Petrol Sales to IPMAN Amid Price Surge and Fuel Shortages
The Nigerian National Petroleum Company Limited (NNPCL) has reportedly halted the sale of Premium Motor Spirit (PMS), commonly known as petrol, to the Independent Petroleum Marketers Association of Nigeria (IPMAN).
This decision follows a recent increase in fuel prices announced by NNPCL on Tuesday.
The price surge has seen the cost of petrol at major filling stations in the Federal Capital Territory (FCT), Abuja, Lagos, Delta, and Enugu states rise to between N855 and N1,000 per litre
In response to the NNPCL’s price adjustment, some independent marketers have escalated their prices further, with reports indicating that fuel is being sold at N1,200 to N1,300 per litre in various states.
Despite the substantial increase in pump prices, many filling stations across the country have suspended fuel dispensing.
This shortage has led to significant disruptions, with a notable absence of fuel availability in major urban centres.
On Wednesday, Hammed Fashola, the National Vice President of IPMAN, confirmed that the NNPCL had suspended the issuance of tickets for petrol loading, effectively barring IPMAN members from acquiring fuel from the depots.
“Yes, our tickets were suspended for loading. They have not been attending to us since yesterday (Tuesday), and there is no official communication yet,” Fashola stated.
At the time of this report, Abubakar Maigandi had not provided a statement on the issue, and NNPCL’s Spokesperson, Olufemi Soneye, had yet to comment on the matter.
The NNPCL has not released any official announcement regarding the recent price adjustments or the halting of fuel sales.
The situation has sparked protests, with tricycle operators in Delta State taking to the streets to express their discontent over the rising cost of petrol.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
Nigerians react as a user claims and shares that the price of rice in Nigeria is already reducing.
“Rice prices are finally dropping, minimum wage can buy a bag now. Step by step, we’re getting there. Nigeria will work in our lifetime.”
It can be noted that rice was sold at ₦85k to ₦90k, however, according to a market survey, the price of rice has dropped to ₦56k to ₦62k.
Nigerians now have a new choice when it comes to making calls and browsing the internet. A new telecom company called LEBARA has launched in the country with a new idea. Instead of the usual airtime system that most networks use, this company is offering something different, subscribers will now buy call minutes and data directly.
What makes this different is that customers will only pay for what they actually use. If you buy 100 minutes, those minutes are yours until you use them up. If you make a call that lasts only 30 seconds, the rest of your time remains, leaving you with 99 minutes and 30 seconds. Nothing is taken away without your knowledge, and every second is accounted for.
The company is rolling out its services with the new 0724 number series, and it already has connections with all the major networks in Nigeria. This means subscribers will be able to call friends, family, and business contacts across MTN, Airtel, Glo, 9mobile and others without any problems. They have also been licensed as a Tier 5 Mobile Virtual Network Operator, which is the highest category approved by the Nigerian Communications Commission (NCC).
Company officials explained that the goal is to give Nigerians more freedom, fairness, and transparency. For years, people have raised concerns about airtime being deducted too quickly or without clear explanation. By introducing a minutes-based model, the new operator wants to end that problem once and for all. Subscribers can clearly see what they paid for, how much they have used, and what is left.
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