News
Petrol Marketers in Nigeria Lament Ghost Buying At Filling Stations.
Petrol marketers across Nigeria have expressed frustration over the issue of “ghost buying” at filling stations, a practice that has disrupted sales and created challenges in fuel distribution. Ghost buying refers to instances where individuals or groups pre-purchase large volumes of petrol but do not immediately collect it, leaving station owners uncertain about stock levels and disrupting regular customer service.
The marketers note that ghost buying has contributed to artificial shortages, as pre-paid fuel reserves appear sold out even when the physical fuel remains on-site. This practice not only misrepresents actual demand but also creates operational headaches for petrol stations, as they struggle to manage stock and serve walk-in customers efficiently.
Industry representatives have called on regulatory bodies to address this issue, emphasizing the need for transparent fuel purchase systems and stricter controls to prevent such practices. According to marketers, ghost buying has also complicated efforts to stabilize fuel prices, as pre-purchased stock often sits idle or is held back to be sold at higher prices when demand spikes.
In conclusion, Nigeria’s petrol marketers are facing a growing problem with ghost buying, which has skewed sales dynamics and complicated inventory management. They call for urgent action from regulators to tackle this issue and promote a more stable, transparent fuel market.
News
‘He Was a Giant’ — President Tinubu Mourns Veteran Actor Olu Jacobs
President Bola Ahmed Tinubu has paid tribute to late Nigerian actor Olu Jacobs, recalling his contributions to the creative industry and his impact on Nigeria’s cultural identity.
In his tribute, Tinubu described Jacobs as a giant of the Nigerian creative industry and said “He was a giant of the Nigerian creative industry. His passing is a great loss to Nigeria, the African film industry and the global community of lovers of the performing arts. His remarkable body of work will continue to speak to generations yet unborn.
“The nation recognises the enormous contributions of Nigeria’s creative practitioners to the country’s cultural identity, global image and economic development. Olu Jacobs played a big role in creating this identity.”
News
Deji Adeyanju Demands Action From Tinubu Over Counterfeit Products
Human rights lawyer and activist Deji Adeyanju has called on President Bola Ahmed Tinubu to declare a state of emergency over the proliferation of counterfeit and substandard drugs and consumer products in Nigeria.
Adeyanju also called for the removal of the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Mojisola Adeyeye, as well as the heads of other regulatory agencies, including the Standards Organisation of Nigeria (SON).
“Nigerians are being exposed to dangerous products daily, from fake and substandard medicines to unsafe consumer goods, with reports of drugs being sold wholesale in the open under the hot sun. No responsible government should expose its citizens to such risks and expect mortality rates not to rise.”
Adeyanju also called out NAFDAC over what he described as failures in regulating the circulation of counterfeit and substandard products in the country.
It can be noted that various counterfeit products continue to circulate in Nigerian markets, while NAFDAC has also reported seizures and destruction of counterfeit, expired and substandard products.
News
‘Two Hours on the Road’ — Lagosians Groan Over Kara Bridge Traffic
Lagosians have lamented heavy traffic caused by ongoing construction work at Kara Bridge along the Lagos-Ibadan Expressway.
The Federal Government announced that repairs on the damaged expansion joints at Kara Bridge would begin on September 8, 2026. The project, initially scheduled to begin in August, was delayed to allow further traffic management planning due to concerns over its impact on motorists.
Since work began, traffic around the Kara area has become heavy, with Lagosians sharing updates on social media about spending two hours or more on the road.
Some commuters say the delays have made their 9-to-5 routines difficult, with several hours spent travelling to and from work.
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