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BREAKING: Fed Govt permits Marketers to lift fuel directly from Dangote Refinery

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The Federal Government has given petroleum marketers permission to get petrol directly from the refineries without using the Nigerian National Petroleum Company Limited (NNPCL) as an intermediary.

The Minister of Finance and Chairman of the Naira-Crude Sale Implementation Committee, Wale Edun, disclosed in a statement on Friday. He provided an update on the start of product sales and crude acquisition in naira transactions.

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On October 10, the second post-commencement review meeting of the Implementation Committee, led by Edun, was reportedly conducted to assess the development of the Crude Oil and Refined Products Sales in Naira program.

“The committee is pleased to report a successful transition of operations in line with the directive issued by the Federal Executive Council. This directive has established a robust framework for local production and distribution of crude oil and refined products for local consumption in naira.

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“With this mechanism now in full operation, along with the commencement of local production, we are well-positioned to transition to a fully deregulated market for all petroleum products.

“Moving forward, petroleum product marketers are now able to purchase PMS directly from local refineries without the intermediary role of NNPC. Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency,” the statement reads.

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Edun stated that the government is still optimistic that these actions would improve market conditions over time for the good of all Nigerians.

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BREAKING: Dollar rain on Super Eagles despite AFCON semi final loss to Morocco

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BREAKING: Dollar rain on Super Eagles despite AFCON semi final loss to Morocco

The Chairman of BUA Group, Abdul Samad Rabiu, has commended Nigeria’s Super Eagles for their gallant display at the 2025 Africa Cup of Nations.

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He said that the monetary pledged by made him still stands in spite of the semifinal defeat by host Morocco.

Nigeria’s Super Eagles suffered a heartbreaking loss from the 2025 AFCON after losing 4-2 on penalties to host Morocco in a tense semi-final clash at the Prince Moulay Abdellah Stadium, Rabat on Wednesday.

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Rabiu praised the players’ courage, unity and determination, describing their performance as worthy of national pride and celebration.

The disclosed this in his official X handle, where he congratulated the Super Eagles for their impressive performance and national pride.

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“You fought with your hearts, gave your all, and showed true courage on the pitch. Every Nigerian is proud of you,” Rabiu said.

He noted that results do not always reflect effort, stressing that the team’s fighting spirit and passion resonated strongly with Nigerians at home and abroad.

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“Sometimes our best efforts don’t bring the outcome we desire, but the spirit and unity you displayed truly matter.

“I am going ahead with the $500,000 pledge in recognition of your hard work, dedication and the joy you brought to our nation,” he said.

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The News Agency of Nigeria (NAN) reports that Rabiu had earlier promised the reward following Nigeria’s 2-0 victory over Algeria in the AFCON 2025 quarter-final.

Rabiu urged the players to remain focused, expressing confidence that the lessons from the tournament would inspire future success.

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“Keep your heads high. This experience will fuel greater victories. Nigeria believes in you,” the BUA Chairman said.(NAN)

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Govt offers discount on Vehicle Number Plate replacement, announces new figure

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Govt offers discount on Vehicle Number Plate replacement, announces new figure

The Lagos State Government (LASG) has announced a temporary reduction in the cost of replacing faded or damaged vehicle number plates, cutting the fee from ₦30,000 to ₦20,000. The measure, part of a three-month amnesty and rebate window, will run from January to March 2026.

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Approved by Governor Babajide Sanwo-Olu, the initiative targets both private and commercial vehicle owners across Lagos, aiming to improve vehicle identification, strengthen security, and enhance road safety throughout the state.

The Permanent Secretary of the Motor Vehicle Administration Agency (MVAA), Rasheed Muri-Okunola, described the rebate as “a deliberate, citizen-focused intervention designed to encourage motorists to voluntarily replace worn, faded, or illegible number plates at a significantly reduced cost.”

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He highlighted the security implications of faded or damaged plates, explaining that their condition affects “security, traffic enforcement, and crime prevention, as unreadable plates hinder effective monitoring, investigation, and identification of vehicles.”

“Clear and readable number plates are fundamental to public safety and security. This amnesty period allows motorists to replace faded plates at ₦20,000 instead of ₦30,000, thereby reducing the financial burden while supporting collective efforts to make Lagos safer,” Muri-Okunola said.

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He stressed that the rebate is valid only within the January to March 2026 window, urging vehicle owners with faded or damaged plates to take advantage of the initiative by visiting the Pilot Centre at the Oshodi One-Stop Centre or any of the agency’s 140 stations across the state.

According to Muri-Okunola, the programme also addresses rising security concerns linked to unreadable number plates, noting that “legible and standardised plates are critical to crime detection, traffic management, digital vehicle tracking, and emergency response systems.”

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He warned that after the amnesty period ends in March 2026, “the replacement fee would revert to the original ₦30,000, while enforcement measures would be fully applied to ensure compliance.”

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Man fakes his own Kidnapping, forces Brother to sell property for N12 million ransom

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Man fakes his own Kidnapping, forces Brother to sell property for N12 million ransom

The Edo State Police Command has uncovered a staged kidnapping in Ekpoma, where a man allegedly faked his own abduction, forcing his brother to sell property to raise a ransom.

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The incident was reported to the police on January 10, according to a statement issued by the state Police Public Relations Officer, SP Eno Ikoedem.

Investigations revealed that the supposed victim, identified as Idris Isiaka, a vulcanizer based on Balogun Street in the Emaudo community of Ekpoma, conspired with two accomplices to orchestrate the fake kidnap.

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Police said Isiaka arranged for news of his “abduction” to be circulated on social media through a blogger and subsequently demanded a ransom of ₦12 million from his family.

Believing the story to be genuine, his brother reportedly sold a personal property in a desperate bid to secure his release.

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However, detectives later uncovered the deception and arrested Isiaka along with his collaborators.

The police described the act as criminal and deceitful, warning members of the public against engaging in similar schemes.

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The suspects are currently in custody and are expected to face prosecution once investigations are concluded.

The PPRO explained that the suspect “immediately engineered the circulation of his kidnap on social media through a blogger and demanded a ransom of Twelve Million Naira.

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“His family in Kogi State was further contacted, threatening that he would be killed if the ransom was not paid”.

He said the brother, however, “sold his property and paid part of the ransom money which was shared with his accomplices, one Mohammed Saliu and Godwin Mohammed, both of whom are currently at large.

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“The suspect has confessed to the crime. He will be arraigned in court after investigation”.

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