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.
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.
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.
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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