metro
ADC Urges FG to Cap Petrol Prices as Global Oil Market Volatility Bites
ADC Urges FG to Cap Petrol Prices as Global Oil Market Volatility Bites
The African Democratic Congress (ADC) has called on the Federal Government to introduce a temporary and time-bound cap on petrol prices to prevent further increases that could worsen the cost-of-living crisis in Nigeria.
In a statement issued on Wednesday, the party’s National Publicity Secretary, Bolaji Abdullahi, said the recent hikes in petrol prices in Nigeria reflect rising volatility in the global oil market, largely driven by escalating tensions in the Middle East.
“The African Democratic Congress calls on the Federal Government to immediately introduce a temporary and time-bound cap on petrol prices to prevent further increases that continue to push the cost of living beyond the reach of millions of Nigerians,” Abdullahi said.
He noted that the ongoing Middle East crisis has triggered instability in global energy markets, which is now affecting domestic fuel prices and worsening economic hardship for Nigerians.
According to the opposition party, external shocks should not be used to justify allowing fuel prices to rise unchecked, particularly in what it described as a fragile economy still grappling with the consequences of subsidy removal.
ADC said the current situation has deepened the economic pressure on households following the fuel subsidy removal announced by Bola Ahmed Tinubu during his inauguration on May 29, 2023.
Nigeria eventually exited under-recovery payments when the government fully deregulated the downstream petroleum sector in October 2024, allowing market forces to determine petrol pricing.
The party argued that the government must take urgent steps to protect citizens from further shocks, warning that rising fuel costs are already affecting transportation, food prices and the overall cost of doing business.
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The call comes as the Middle East conflict continues to create unprecedented volatility in global energy markets. International crude oil prices briefly crossed $100 per barrel on Monday, the highest level since July 2022, before easing to around $87 per barrel on Tuesday.
Iran has also warned that global oil prices could surge further, even threatening that crude prices may climb toward $200 per barrel if tensions escalate and shipping through the Strait of Hormuz — one of the world’s most critical oil transit routes — is disrupted.
The Strait of Hormuz is a strategic waterway through which roughly 20 percent of global oil shipments pass daily, linking the Persian Gulf to the Gulf of Oman and the Arabian Sea.
In Nigeria, the surge in crude oil prices has pushed up ex-gantry petrol prices and retail pump prices across filling stations nationwide.
Transport operators have already begun increasing fares on major routes in cities such as Lagos, Abuja and Kano, with commuters reporting that fares have doubled on some routes.
Meanwhile, the Dangote Petroleum Refinery on Tuesday announced a reduction in its ex-gantry petrol price to ₦1,075 per litre after implementing three previous increases amid global market pressures.
Despite the reduction at the refinery level, pump prices at retail filling stations remain elevated, reflecting the broader impact of global oil market fluctuations and distribution costs.
ADC warned that unless urgent intervention measures are introduced, rising petrol prices and transport costs could accelerate inflation and worsen the economic burden on millions of Nigerians already facing high food and energy costs.
The party urged the Federal Government to adopt immediate measures to stabilise the domestic fuel market while also pursuing long-term reforms to strengthen Nigeria’s energy security and refining capacity.
ADC Urges FG to Cap Petrol Prices as Global Oil Market Volatility Bites
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metro
EFCC Drags Fuji Musician to Court Over Alleged ₦21.2m Fraud
EFCC Drags Fuji Musician to Court Over Alleged ₦21.2m Fraud
LAGOS, Nigeria – The Economic and Financial Crimes Commission (EFCC) has arraigned a Fuji musician, Felix Duke Osagie, before a Lagos State court over an alleged ₦21.2 million fraud.
The musician was reportedly arraigned on Thursday before Justice Ismail Ijelu in connection with allegations of financial fraud, according to a report published on the EFCC’s social media platform.
The arraignment marks another high-profile case involving the anti-graft agency’s investigation and prosecution of alleged financial crimes.
However, details of the charge, including how the musician allegedly obtained the money, the identity of the complainant and the specific transactions involved, were not visible in the available excerpt.
EFCC Drags Fuji Musician to Court Over Alleged ₦21.2m Fraud
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metro
‘Tinubu Graduated in 1979, You Arrived in 1985’: Omowaiye Challenges Pearse Over CSU Claims
‘Tinubu Graduated in 1979, You Arrived in 1985′: Omowaiye Challenges Pearse Over CSU Claims
ABUJA, Nigeria – A chieftain of the All Progressives Congress (APC), Oluremi Omowaiye, has challenged Peoples Democratic Party (PDP) chieftain, Dr Adetokunbo Pearse, over his claims concerning President Bola Tinubu’s academic records, drawing attention to their respective educational backgrounds.
Omowaiye’s reaction followed Pearse’s recent television interview in which the former Chicago State University (CSU) lecturer questioned Tinubu’s attendance at the American institution and alleged that the President never studied there.
Pearse had claimed that he worked at Chicago State University between 1985 and 1990 and served as the director of the programme Tinubu reportedly attended.
However, Omowaiye dismissed the claim, arguing that Tinubu had graduated from the university in 1979, six years before Pearse said he began working there.
According to Omowaiye, the timeline raises questions about Pearse’s assertion that he directed the programme attended by the President.
The APC chieftain also questioned Pearse’s academic background, pointing to his reported studies in English at Bayero University, Kano, and subsequent academic pursuits at the University of Sheffield and the University of Wisconsin-Madison, where he reportedly obtained a doctorate in Contemporary African Literature.
Omowaiye argued that Pearse’s academic specialisation was in English and the humanities rather than Accounting, the discipline Tinubu studied at Chicago State University.
On Tinubu’s educational records, Omowaiye cited the October 2023 testimony of Chicago State University’s Registrar, Caleb Westberg, during legal proceedings in the United States.
Westberg testified that Tinubu attended the institution between August 1977 and June 1979 and graduated on June 22, 1979, with a Bachelor of Science degree in Business Administration, majoring in Accounting.
The testimony was accompanied by university documents presented during the proceedings.
Omowaiye also maintained that the controversy surrounding Tinubu’s academic qualifications had been addressed by the Nigerian Supreme Court.
The APC chieftain reportedly gave Pearse seven days to retract his allegations and apologise publicly, threatening legal action and petitions to the Inspector-General of Police and the Director-General of the Department of State Services if he failed to comply.
He said his intervention was motivated by concerns about the spread of claims concerning the President’s educational background, particularly among young Nigerians.
The controversy followed Pearse’s appearance on News Central Television, where he questioned the President’s academic history and accused the Minister of Education of misleading Nigerians over Tinubu’s educational records.
However, Pearse’s allegations remain disputed, particularly in view of the testimony and documentary evidence presented by Chicago State University during the 2023 US court proceedings.
The latest exchange has further intensified political arguments surrounding Tinubu’s educational qualifications as political activities gradually gather momentum ahead of the 2027 general elections.
‘Tinubu Graduated in 1979, You Arrived in 1985’: Omowaiye Challenges Pearse Over CSU Claims
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metro
Schoolboy Foils Kidnap Attempt After Suspect Uses Father’s Name to Lure Him
Schoolboy Foils Kidnap Attempt After Suspect Uses Father’s Name to Lure Him
EDJEKOTA-OGOR, DELTA STATE — A schoolboy identified as Marvellous has reportedly escaped a suspected kidnapping attempt after a commercial motorcycle rider allegedly tried to lure him away by claiming that his father had sent him.
The incident occurred in Edjekota-Ogor community in Delta State, where the unidentified motorcycle rider reportedly approached the boy and attempted to gain his confidence by mentioning his father’s name.
The suspect allegedly told Marvellous that his father had instructed him to pick him up, apparently hoping to deceive the young boy into following him.
However, Marvellous reportedly became suspicious of the rider’s claim and refused to go with him, thereby foiling what could have been an abduction.
Following the incident, community leaders reportedly intervened to ensure the boy’s safety and facilitate his return to his family.
The President-General of Edjekota-Ogor community subsequently directed the community’s Secretary-General to take necessary steps to protect the boy and reunite him with his relatives.
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Acting on the directive, the Secretary-General reportedly contacted members of Marvellous’s family and successfully ensured that he was returned safely to his relieved parents.
The incident has drawn attention to the need for increased vigilance among parents, guardians and community members over the safety of children.
Parents have been urged to educate their children never to follow anyone, including familiar-looking strangers, without first confirming such arrangements directly with them.
Children should also be taught not to rely solely on someone mentioning their parents’ names as proof of familiarity or authority.
The identity and whereabouts of the suspected motorcycle rider were not disclosed in the account of the incident.
Schoolboy Foils Kidnap Attempt After Suspect Uses Father’s Name to Lure Him
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