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Petrol Marketers Begin Implementing Fuel Price Drop Nationwide – IPMAN

The Independent Petroleum Marketers Association of Nigeria has announced that its members will begin implementing Dangote Refinery’s latest fuel price reduction from Tuesday through next week.

IPMAN spokesperson, Chinedu Ukadike disclosed this to DAILY POST exclusively, noting that Nigerians would start feeling the impact of the fuel price cut.

This comes as Dangote Refinery last cut its gantry by N129 to N699 per liter from N828.

Aliko Dangote on Sunday said, following his gantry price drop, Nigerians ought to be paying for petrol at N740 per liter.

“So from Tuesday and next week, you will see the reactions and the dividends of this reduction in petroleum price,” he said.

Speaking on the renewed feud between Dangote and the chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, he said that both need to collaborate for the benefit of Nigerians.

“But I also believe that NMDPRA and Dangote should collaborate to ensure that there is a steady supply of petroleum products and to enable the masses to enjoy the benefits of this reduced price,” he appealed.

A Daily Post market survey on Monday showed that Bovas filling station in Abuja’s Wuse Zone 6 had crashed its retail fuel price to N865 per liter, down from N910 earlier on Monday.

Empire Energy, Ranoil in Gwarimpa, Abuja, have adjusted their pump to 912 and 910 per liter.

Nigerian National Petroleum Company Limited (NIPCO) and AA Rano filling stations in Abuja dispense petrol as of Monday night at N915, N905, and N910 per liter, respectively.

The MRS retail price remained unchanged at N910 per liter but may come down from Tuesday.

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Ex-Chief Justice of Nigeria, Tanko Muhammad Is De@d

Justice Ibrahim Tanko Muhammad, a former Chief Justice of Nigeria, CJN, has passed away.

He d!ed at the age of 71 years.

It was gathered that Muhammed d!ed at a hospital in Saudi Arabia, about two weeks before his 72nd birthday on December 31.

His de@th was confirmed in a condolence statement on Tuesday in Abuja by the Nigerian Association of Muslim Law Students, NAMLAS.

In the statement titled ‘NAMLAS Condolence Message on the Passing of Hon. Justice Ibrahim Tanko Muhammad, GCON, Former Chief Justice of Nigeria’, the association described his passing as a significant loss for the country.

“Indeed, to Allah we belong, and to Him we shall return.

“The Nigeria Association of Muslim Law Students, NAMLAS, National Headquarters, Abuja, receives with profound sorrow the news of the passing of Honourable Justice Ibrahim Tanko Muhammad, GCON, former Chief Justice of Nigeria.

“His demise is a monumental loss to the Nigerian judiciary, the legal profession, the Muslim Ummah, and the nation at large,”NAMLAS said.

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$5m Swiss Tuition: Dangote Releases Details Of Allegation Against NMDPRA CEO

Aliko Dangote, President of Dangote Refinery and Chairman of Dangote Group, has disclosed details regarding the alleged foreign education tuition controversy involving Farouk Ahmed, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

In a document circulating publicly on Tuesday and personally signed by Dangote, the billionaire investor, it was stressed that Ahmed spent $5 million on the secondary and tertiary education of his four children abroad, particularly in Switzerland and the United States.

This comes barely 24 hours after Dangote called for the probe of Ahmed for allegedly living above his income.

According to the now viral document, Dangote alleged that Ahmed’s children are said to have attended some of the world’s most expensive schools, including Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School, each reportedly spending about six years at their respective institutions.

The breakdown provided in the document estimates annual tuition, upkeep, air travel, and living expenses at about $200,000 per child, amounting to $800,000 annually for four children. Accordingly, over a six-year period, the total cost was estimated at $4.8 million, with the overall secondary education expenses put at approximately $5 million.

Dangote’s document further alleged that one of Ahmed’s children, identified as Faisal Farouk, recently completed an MBA program at Harvard University, with tuition reportedly costing $150,000, alongside an additional $60,000 for upkeep and other expenses, bringing the total to about $210,000 in 2025.

As of the time of filing this report, Engr. Farouk Ahmed has not publicly responded to the allegations, and no official statement has been issued by the NMDPRA. However, earlier, when the claim surfaced months ago, the regulator had dismissed it as false.

A coalition of civil society organizations under Lawyers in Defence of Good Governance, who first made the allegation against Ahmed, had retracted their claim, describing it as misinformation.

The House Committee on Petroleum Resources and Downstream had earlier called for both Dangote and Ahmed to cease further public attacks.

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Peter Obi Reacts As ActionAid Reports Huge Youth Unemployment In Nigeria

Former Labour Party presidential candidate in the 2023 general elections, Peter Obi, has expressed concern over a recent ActionAid/Plan International report revealing that more than 80 million young Nigerians are unemployed.

In a post on his verified X handle on Tuesday, Obi said the report is an indictment of the nation’s leadership and economic direction.

The ex-Anambra governor said that Nigeria tops the world in the absolute number of unemployed youths due to its large population, with over 80 million youths without jobs.

He added that South Africa with a youth unemployment rate of around 60%, translates to about 6 million unemployed youths, is still more than 70 million fewer than Nigeria.

“When millions of youths are unemployed, it is not a youth problem, it is a leadership failure. This is the direct result of political greed that has failed to serve the people.

“Nigeria has one of the largest youth populations in the world, with about 75% of our citizens under the age of 35. With such a large share of the population young, joblessness at this scale should be a national emergency.

“It is deeply troubling that, rather than investing in these youths as our most productive assets, promoting and supporting MSMEs the drive growth and create employment, we the Leaders chose wasteful spending, corruption, unproductive borrowing, and policies that will shrink opportunities and expand poverty, reducing Nigerian youths to easy tools for all forms of vices.

“Nigeria does not lack entrepreneurial and resourceful youths, what we lack are leaders who are intentional about creating opportunities. We need leaders who understand that jobs come from deliberate investments in production and from running a government that is prudent, transparent, and people-centred, that can lift people out of poverty.

“We need leadership that will see youths as the engine of productivity and growth of a nation. This is the time, more than ever, for the Nigerian youths to get involved and ensure they elect leaders who have their best interest and the best interest of our nation.

“Nigeria deserves competent, credible, compassionate, and capable leadership, one that will create opportunities and empower our young Nigerians,” he wrote.

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Elon Musk Becomes First Person In History To Surpass $600bn Net Worth

Elon Musk has made history as the first person to exceed a net worth of $600 billion, with his wealth estimated at $677 billion as of 12 p.m. U.S. Eastern Time on Monday, according to Forbes.

The surge in Musk’s fortune was driven largely by a sharp rise in the valuation of his private space company, SpaceX.

Earlier this month, SpaceX completed a tender offer that valued the company at $800 billion, doubling its valuation from $400 billion in August, according to investors cited by Forbes.

The increase followed a tender offer by SpaceX earlier this month, which valued the company at $800 billion, up from $400 billion in August, two of the company’s investors told Forbes.

Musk owns an estimated 42% stake in SpaceX, and the higher valuation alone added approximately $168 billion to his fortune.

The tender offer comes as SpaceX prepares for a potential IPO in 2026, which could value the company at around $1.5 trillion, according to one investor. Such an IPO would likely make Musk the world’s first trillionaire, even without considering gains from his other holdings.

Tesla, xAI, and other wealth drivers

Forbes estimates that Musk’s $336 billion stake in SpaceX is his most valuable asset, surpassing his 12% stake in Tesla, which is worth about $197 billion.

Tesla stock options from his 2018 CEO performance award, voided by a Delaware judge in January 2024, have been discounted to $69 billion, pending the outcome of Musk’s appeal to the Delaware Supreme Court.

Musk’s xAI Holdings also contributes significantly to his fortune.

The AI company is reportedly raising funds at a $230 billion valuation, more than double the $113 billion valuation he cited when forming xAI in March by merging it with his social media company X. Musk owns 53% of xAI Holdings, valued at approximately $60 billion.

With an estimated $425 billion lead over the world’s second-richest person, Google co-founder Larry Page, Musk is closer to reaching $700 billion than losing his spot as the world’s richest individual, the report emphasised.

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Aliko Dangote Reacts to Reports that Donald Trump Is Unhappy With the Launch Of Dangote Refinery (Video)

Alhaji Aliko Dangote, President of Dangote Refinery, has denied claims that U.S. President Donald Trump is displeased with the launch of the $20 billion refinery.

There were claims on social media suggesting that Trump’s recent threat to attack certain locations in Nigeria could be linked to Africa’s largest refinery.

Trump had threatened to strike terrorists targeting Christians at various locations in Nigeria, which led to the spread of various propaganda and social media reactions.

Addressing the press, Dangote said that the USA has been a major supplier of crude to the refinery, adding that the talk about Trump being angry over its establishment “does not hold water.”

“The US has been one of our major suppliers of crude, which is why when someone says Trump is not happy with our refinery, it’s not true,” he said.

“Trump is more than happy with our refinery, because on average for a year, we do not buy more than 100 million barrels from the US.”

Dangote also said Nigerians now have the option of buying high-quality, locally refined petrol at a cheaper price or opting for blended imported fuel at a higher cost.

Dangote stated that fuel importers could continue to incur losses while Nigerians enjoy more affordable petrol prices.

According to him, the availability of locally refined petrol gives consumers a clear choice between quality fuel sold at a lower rate and blended premium motor spirit (PMS) sold at higher prices by importers.

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Terrorism: Two Former Governors Are Fueling Insecurity – Bandit Leader, Turji Alleges

Notorious bandit leader Bello Turji has alleged that two former northern governors are responsible for fueling insecurity in the country, particularly in the North.

Turji made this allegation in a viral video which surfaced on Sunday, accusing past political leadership in Zamfara and Sokoto states of laying the foundation for the region’s long-running insecurity.

According to the bandit leader, he has participated in a series of peace meetings with the Zamfara State government during the administration of a former governor of the state.

The bandit leader, however, denied claims that he received N30 million or any material inducement to participate in the process.

At the time of filing this report, efforts made to get the reaction of both former governors were unsuccessful.

According to Vanguard, several sources close to the former governors insisted that the words of a terrorist should not be taken seriously or believed.

“Why would anyone want to place a premium on the words of a terrorist? Is it not clear that the terrorist is just trying to present himself as a victim? It is all lies,” one of the sources said.

Turji further alleged that former administrations armed vigilante groups, popularly known as ‘Yan Banga,’ which he claimed disproportionately targeted Fulani communities and escalated violence.

He specifically mentioned former Sokoto State governor and his former Zamfara State counterpart, calling for their arrest and investigation over what he described as their roles in the crisis.

“We openly say that former governors of Zamfara and Sokoto states are responsible for the calamities that befell these states,” Turji claimed.

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Yakubu Gowon Is Alive And Well – Aide Denies De@th Rumour

Mr Adeyeye Ajayi, a personal assistant to former Nigerian Head of State, General Yakubu Gowon (retd.), has debunked rumours suggesting that the elder statesman has passed away.

In a statement issued on Sunday, Ajayi described the reports circulating on social media as false and misleading.

He urged members of the public to ignore the claims and rely on verified information.

According to him, General Gowon is alive, in good health, and remains active in public life. He said the former leader has continued to attend public events and contribute to national discussions as a respected voice for peace, unity, and Nigeria’s development.

Ajayi warned against the spread of unverified information, stressing that such rumours cause unnecessary panic and distress.

He appealed to Nigerians to always confirm news from credible sources before sharing it.

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Bandits Attack ECWA Church In Kogi, K!ll One, Abduct Worshipers

At least 20 worshippers were abducted on Sunday, December 14, 2025, when gunmen attacked the First ECWA Church in Ayetoro Kiri, Kabba/Bunu Local Government Area of Kogi State.

Local sources said the attackers stormed the church while a worship session was ongoing, firing sporadically to create panic among congregants.

Many worshippers reportedly fled the scene, while an undisclosed number were seized by the assailants, who later escaped through nearby bush paths.

The attack threw the otherwise quiet community into chaos, with residents describing widespread fear and confusion as the incident unfolded.

The abduction has heightened concerns over worsening insecurity in parts of Kogi State, where repeated attacks on rural communities and places of worship have left residents increasingly anxious and calling for stronger security measures.

One person, identified only as JayJay, was k!lled during the attack, while several worshippers were reportedly abducted.

This incident marked the second attack on a church in Okun land within weeks, heightening fears among residents and worshippers across the area.

A recent incident occurred on November 30, 2025, when armed men stormed a Cherubim and Seraphim Church in Ejiba, Yagba West Local Government Area, abducting the cleric identified Orlando and about 13 worshippers during a service.

The attackers initially demanded ₦500 million in ransom, later reducing it to ₦200 million, giving the victims’ families a two-day ultimatum and warning of unspecified “consequences” if the demand was not met.

Residents also recalled that the Ayetoro Kiri community came under attack about three weeks ago, when armed assailants targeted a local school.

On that occasion, the community vigilante group reportedly repelled the attackers, preventing casualties and abductions.

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FG Bans Admission, Transfer Of Students Into SS3 Nationwide

The Federal Government has announced a nationwide ban on the admission and transfer of students into Senior Secondary School Three (SS3) across both public and private secondary schools, effective from the 2026/2027 academic session.

The directive is part of renewed efforts by the Federal Ministry of Education to address the growing issue of examination malpractice and restore credibility to Nigeria’s education system.

In a statement signed by the Director of Press and Public Relations at the ministry, Boriowo Folasade, the government said the prohibition would apply to all secondary schools across the country.

“The Federal Government, through the Federal Ministry of Education, has announced a nationwide prohibition on the admission and transfer of students into Senior Secondary School Three (SS3) in all public and private secondary schools,” the statement read.

Under the new policy, students will only be eligible for admission or transfer into Senior Secondary School One (SS1) and Senior Secondary School Two (SS2).

“Admission or transfer into SS3 will no longer be permitted under any circumstance,” the ministry added.

According to the ministry, the prohibition follows growing concerns over malpractice in public examinations, including the controversial use of so‑called special centres designed to give some candidates unfair advantages.

Officials explained that the measure is intended to discourage last‑minute student movements aimed at improving exam performance, enhance academic monitoring, and promote continuity in teaching and learning.

School proprietors, principals, and administrators have been directed to comply fully with the new policy.

The ministry warned that any violation of the directive would result in sanctions in accordance with existing educational regulations and guidelines.

Reaffirming the government’s stance on educational integrity, the statement added,“The Federal Ministry of Education reaffirms the Federal Government’s commitment to maintaining academic standards, promoting fairness, and restoring credibility to public examinations across the country.”

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