Business
NNPC sells petrol to IPMAN at N995/litre
NNPC sells petrol to IPMAN at N995/litre
The Nigerian National Petroleum Company Limited (NNPCL) has agreed to supply Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) for N995 per litre.
This came when the Department of State Services stepped in to resolve the dispute between the two parties.
The National Vice President of IPMAN, Hammed Fashola, informed our correspondent that the DSS intervention resolved many of the issues that merchants had.
Fashola also acknowledged that, as a result of their participation, the Nigerian Midstream and Downstream Petroleum Regulatory Authority agreed to pay the association’s unpaid N10 billion while resolving concerns with direct petrol purchases from the Dangote refinery.
“We really appreciate their intervention. They are doing their job. Anywhere they have seen that there may be a crisis, it is their duty to intervene. And their intervention brokered peace and understanding between the parties, and everybody agreed to work together,” Fashola stated.
Speaking on how much the NNPC will sell PMS to IPMAN, he replied, “For now, tentatively, I think they are offering us N995 per litre.”
With the N995 ex-depot pricing, Fashola promised that IPMAN members would no longer sell at costs much greater than those of large marketers, but said that distance is another reason for overpriced PMS.
“Our members sell at N1,200 or so, and this depends on the location. I think with the N995, there will be a little reduction. Don’t forget that if you transport a product from Lagos to a far distance, you will pay for transportation and other charges.
“We want to work on that because we want to have common ground. When we sit down and look at the price analysis offered to us and factor in all our expenses, we want to have a uniform price as much as possible.
“So, I will not be able to tell you the exact price now, but we are working on it, especially in the Lagos axis and other zones. We will look at the transportation cost and all that. At the end of the day, we will fix the price for ourselves,” he stated.
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The IPMAN head highlighted that IPMAN is interested in competitive prices, citing price disparities as a detriment to independent marketers.
“The price disparity has been a disadvantage between us and the NNPC Retail and major marketers. So, we are trying to look at how to close that gap so that we come back fully into the business. The lack of direct supply has been our problem, and now that we are solving that problem, I don’t think that disparity will be there again,” he stressed.
Fashola elucidated that the price differential is the reason for the queues in some filling stations in the cities.
“The queues you see are because of that difference in prices; that’s why people are saying there are queues. There are no queues; it is the price disparity that is causing the queues. So, if there is not much difference, we have filling stations everywhere; just drive in, buy fuel, and go. But that so much difference in the price is creating that scenario of queues,” he narrated.
Speaking on the directive that marketers can now buy petrol directly from local refineries, Fashola said the association would meet with Dangote this week.
“For now, we intend to meet with Dangote this week to see how we work out the modalities and all that. The Federal Government has given a directive, and we want to take full advantage of that,” he posited.
The IPMAN vice president emphasised that the association is not ignoring the NNPC either, as it would patronise the best price.
“At the same time too, we are not ignoring NNPC. So, whichever way, we are ready to do business with NNPC. It depends on the price; we go for the best.
IPMAN disclosed on Thursday that the cost of fuel from the Dangote Petroleum Refinery to NNPC was approximately N898/litre, but that NNPC was selling the same product to independent marketers in Lagos for N1,010/litre.
The association, which owns more than 70% of filling stations in the country, protested and threatened to shut down operations, as well as a return from the NNPC for previous petrol supply payments made by its members.
Abubakar Maigandi, the IPMAN national president, said in a live television interview on Thursday that the price was greater than what the NNPC paid for the Dangote refinery product.
He also stated that the national oil company had kept independent marketers’ funds for almost three months.
According to him, the NNPC acquired the fuel from the refinery for N898/litre but is demanding marketers to pay N1,010/litre in Lagos, N1,045 in Calabar, N1,050 in Port Harcourt, and N1,040 in Warri.
“Our major challenge now is that independent marketers have an outstanding debt from the NNPC, and the company collected products through Dangote at a lower rate, which is not up to N900, but they are telling us now to buy this product from them at the price of N1,010/litre in Lagos; N1,045 in Calabar; N1,050 in Port-Harcourt; and N1,040 in Warri,” Maigandi stated.
NNPC sells petrol to IPMAN at N995/litre
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Railway
NSCDC Seals Chinese-Linked Steel Company, Arrests 12 Over Railway Track Vandalism
NSCDC Seals Chinese-Linked Steel Company, Arrests 12 Over Railway Track Vandalism
Kaduna, Nigeria – The Nigeria Security and Civil Defence Corps (NSCDC) has sealed facilities belonging to a Chinese-linked steel company across the country following allegations of involvement in railway vandalism and the illegal recycling of critical national infrastructure . The enforcement action targeted Inner Galaxy Steel Company and other associated facilities after months of intelligence-led investigations linked the firm to the alleged handling, compression, and melting of vandalised railway materials .
The operation, which followed weeks of intensive surveillance, was triggered by a viral video on social media that showed extensive vandalism of the newly laid Kaduna-Kano railway tracks as well as older rail infrastructure across parts of Northern Nigeria . After the video circulated widely, the NSCDC Commandant General, Ahmed Abubakar Audi , directed the Special Intelligence Squad (SIS) , led by Commandant Apollos Dandaura, and the Kaduna State Command to identify and arrest those responsible for the economic sabotage.
Speaking on Sunday at the company’s premises in Birnin Yero, Igabi Local Government Area of Kaduna State , the NSCDC National Public Relations Officer, Babawale Afolabi , said the operation followed the arrest of suspects and the recovery of railway tracks and sleepers from the facility . Afolabi disclosed that the corps had obtained a court order and search warrant authorising the sealing of the premises and the preservation of recovered exhibits for prosecution by the Nigerian Railway Corporation (NRC) , which has since commended the NSCDC for its sustained crackdown on railway vandals.
According to Afolabi, preliminary findings from the investigation revealed a sophisticated criminal syndicate operating under the guise of legitimate business. Vandalised railway materials were allegedly transported to the company’s Kaduna facility, where they were compressed into scrap metal to conceal their original form. From Kaduna, the compressed materials were transported to the company’s head office in Aba, Abia State . There, the stolen national assets were allegedly melted down and recycled into products such as roofing sheets, nails, and iron rods , which were then sold back to the public. The NSCDC described this as a sophisticated local and international network engaging in economic sabotage.
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Afolabi added that the court order covered Inner Galaxy Steel Company and Jiuxing Integrity Industrial Ltd , as well as other linked facilities in Abia and Zamfara states , including branches nationwide suspected to be connected to the case . The NSCDC confirmed that the enforcement operation has effectively shut down the company’s ability to continue processing stolen materials while investigations proceed.
The NSCDC has confirmed that 12 suspects are currently in custody in connection with the railway vandalism case . Those arrested from the Kaduna facility have been identified as Usman Hassan, 27 (company manager), Bilyaminu Usman, 30 (weighbridge operator), Choji John Pam, 40 (weighbridge officer), Jamilu Isah Jaafar, 37 (scrap collector), Chukwuemeka Udonwoke, 38 (supervisor), Chikwodilli Ezema, 29 (company manager), and Isaac Etim, 36 (scrap leader) . According to the corps, some of these suspects have allegedly confessed to their roles in the criminal network, providing valuable intelligence that is aiding the ongoing investigation.
The suspects are being investigated for alleged offences bordering on conspiracy to commit felony , intentional endangering of railway passengers , obstruction and destruction of railway infrastructure , theft , concealment of stolen property , and alleged financing of terrorism . The NSCDC stated that these charges reflect the severity of the crimes, which not only rob the nation of critical infrastructure but also endanger the lives of passengers who rely on the railway network for daily transportation.
Recovered exhibits from the company’s facilities include large quantities of vandalised railway tracks and sleepers , suspected NNPC and Water Board pipes valued at billions of naira, as well as specialised machines allegedly used for compressing and concealing the stolen materials . The Managing Director of the Nigerian Railway Corporation (NRC) , Dr. Kayode Opeifa , represented by NRC Chief Technical Officer Paul Doche, confirmed that NRC officials had visited the sealed facility and identified some of the corporation’s stolen materials. “We have gone round and identified some of our materials there. These are national assets,” Doche stated, adding that officials were still working to determine the full volume of recovered items because many remained buried under metal debris.
Afolabi also disclosed that Chinese nationals linked to the company have been summoned for questioning but were yet to appear before investigators . While the corps did not name the individuals, the summoning indicates that the investigation is reaching into the upper management levels of the company, and the NSCDC has made it clear that no one, regardless of nationality or status, will be shielded from prosecution if found culpable.
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“The facility will remain sealed pending the conclusion of investigations,” Afolabi stated firmly . He added that all recovered railway sleepers and tracks would be transferred to the Nigerian Railway Corporation (NRC) as exhibits for prosecution, ensuring that the stolen assets are preserved as evidence in the impending legal proceedings.
In a related development, NSCDC operatives also arrested five additional suspects over the alleged vandalism of railway infrastructure along the Kaduna-Abuja corridor in Gwagwada community, Chikun Local Government Area . Items recovered from those suspects included railway tracks, railway sleepers, and gas cylinders allegedly used to cut and damage the rail infrastructure, further demonstrating the widespread nature of railway vandalism across the region.
The NSCDC Commandant General, Ahmed Audi , has directed the Special Intelligence Squad to ensure a thorough and professional investigation, stressing that anyone found culpable would be prosecuted regardless of their status or nationality . “Under this leadership, the NSCDC will not treat economic sabotage with kid gloves. We are going after the sponsors,” the Commandant General was quoted as saying. “This operation marks the beginning of a new phase in our crackdown on syndicates supporting vandalism under any disguise.”
Audi urged members of the public to continue providing credible intelligence to support efforts aimed at curbing vandalism and protecting critical national assets . He commended the judiciary for granting the court order that enabled the sealing operation and appreciated members of the media for supporting efforts to expose economic crimes and safeguard national assets.
This is not the first time a Chinese-linked steel company has been implicated in Nigeria’s railway vandalism crisis. In May 2021 , the Nasarawa State Police Command arrested Marra Thai , a Chinese national and manager of Yong Xing Steel Company in Tunga Maje, Abuja, for allegedly acting as a “criminal receiver” of stolen railway tracks and sleepers . That case also led to the arrest of a governor’s aide, two police officers, an NSCDC personnel, and a former supervisory councillor, highlighting the deep and persistent nature of the criminal networks targeting Nigeria’s railway infrastructure.
The destruction and theft of Nigeria’s railway infrastructure represent one of the gravest threats to national development and security. Across the nation, from the Warri-Itakpe line to the Abuja-Kaduna corridor , the Eastern and Western Districts, the Lagos-Ibadan railway, and throughout the Northern network, vandals systematically dismantle tracks, steal armoured cables, and pillage essential equipment. The NSCDC’s latest operation demonstrates a renewed commitment to dismantling the supply chains that make this vandalism profitable.
As of May 25, 2026 , Inner Galaxy Steel Company’s facilities across Nigeria remain sealed. The 12 arrested suspects are in NSCDC custody, and investigations are ongoing. Chinese nationals linked to the case have been summoned but have yet to appear before investigators. The NSCDC has stated that anyone found culpable will face prosecution in accordance with the law, sending a clear message that economic sabotage will not be tolerated.
NSCDC Seals Chinese-Linked Steel Company, Arrests 12 Over Railway Track Vandalism
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Railway
NRC Cries Out as Vandals Strip Railway Tracks in Plateau, Bauchi
NRC Cries Out as Vandals Strip Railway Tracks in Plateau, Bauchi
The Nigerian Railway Corporation has raised fresh concern over reported coordinated attacks on railway infrastructure in parts of the country, warning that the growing wave of vandalism may trigger fatal train accidents and undermine billions of naira invested in the rail sector.
The corporation said recent incidents recorded in Plateau and Bauchi states have exposed a dangerous trend of deliberate destruction and illegal removal of railway materials critical to safe train operations and national economic activities.
According to a statement issued by the Chief Public Relations Officer of the NRC, Callistus Unyimadu, one of the latest incidents occurred on May 21, 2026, when a truck loaded with suspected vandalised railway materials got stuck between Kuru and Science School in Plateau State, exposing the activities of criminal elements involved in the theft and illegal transportation of railway assets.
The NRC also disclosed that along the Zango axis in Bauchi State, between Kilometer 878 and 889, railway slippers were completely removed on both sides of a level crossing, leaving only a few disconnected rail components behind.
The corporation warned that the destruction of railway tracks, slippers, clips, fastenings and signalling materials poses grave danger to rail transportation, noting that such acts could lead to catastrophic train accidents, disruption of services, loss of lives and severe economic setbacks.
Describing the development as an attack on critical national infrastructure and public safety, the Managing Director and Chief Executive Officer of the NRC, Kayode Opeifa, condemned the persistent vandalism, saying it amounted to sabotage against national progress.
He noted that the increasing incidents across the North Central and North East railway corridors indicate an alarming pattern requiring urgent intervention from security agencies, state governments, traditional rulers, community leaders and residents living along rail lines.
Opeifa appealed to Nigerians to regard railway infrastructure as a strategic national asset built with taxpayers’ money to support transportation, trade and economic growth, stressing that such facilities should not be reduced to scraps for illegal business activities.
He warned vandals, scrap dealers and other individuals involved in the unlawful purchase, destruction or movement of railway materials to desist immediately or face prosecution.
The corporation further called on security agencies to strengthen surveillance and enforcement operations around railway corridors nationwide, while urging members of the public to remain vigilant and promptly report suspicious activities around railway facilities.
The NRC urged Nigerians to join hands in protecting railway infrastructure, insisting that the nation’s rail system remains too important to be left vulnerable to criminal attacks.
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Railway
Sallah Rush: NRC Adds Extra Lagos-Ibadan Train Trips, Osun Sponsors Free Rail Service
Sallah Rush: NRC Adds Extra Lagos-Ibadan Train Trips, Osun Sponsors Free Rail Service
The Nigerian Railway Corporation has announced additional train services on the busy Lagos–Ibadan corridor ahead of the Sallah celebration, citing an anticipated surge in passenger traffic during the festive period.
In a statement signed by the Corporation’s Chief Public Relations Officer, Callistus Unyimadu, the rail operator said six train trips would operate on Tuesday, May 26, 2026, instead of the regular four trips currently running on the Lagos–Ibadan Train Service (LITS) route.
According to the NRC management, the temporary increase is aimed at easing movement for Nigerians travelling to celebrate Sallah with their families and loved ones.
Under the special arrangement, trains will depart from the Lagos end at 7:45am, 1:40pm and 4:00pm, while departures from Ibadan are scheduled for 8:00am, 10:50am and 4:30pm.
The corporation stressed that the expanded operations are only for the Sallah travel window, noting that the normal four-trip Tuesday timetable would resume immediately after the festivities.
It also disclosed that the recently introduced six-trip Thursday operations on the corridor would be temporarily scaled down next week, with only four trips scheduled for Thursday, May 28, during the review period. The regular Thursday six-trip schedule will return the following week.
Meanwhile, the Osun State Government is set to operate its annual free Sallah train service on the NRC narrow gauge line for indigenes travelling home for the celebration in Osogbo.
The special train service will depart from Iddo Station in Lagos on Tuesday, May 26, while the return journey from Osogbo to Lagos is scheduled for Thursday, May 28.
NRC explained that the service, traditionally provided during festive seasons, is being sponsored by the Osun State Government through a paid partnership with the Corporation to enable Osun indigenes travel free of charge for the Sallah celebration.
The management reaffirmed the corporation’s commitment to providing safe, efficient and reliable rail transport services across the country, while wishing Nigerians a peaceful and memorable Sallah celebration.
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