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Fuel price war’ll benefit Nigerians, says NNPCL chief

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The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, on Sunday assured Nigerians that ongoing price competition in the downstream petroleum sector will ultimately benefit consumers.

He described current market tensions as a natural consequence of Nigeria’s transition from total import dependence to domestic refining.

“Where there is healthy competition, the buyers are the ultimate beneficiaries. And I think for us, we need to keep our minds that the market will stabilise.

“After a while, there’ll be some tension, because we’re going through a major transition,” Ojulari told journalists after briefing President Bola Tinubu in Lagos.

Recall that the NNPCL boss made the remarks against the backdrop of an intense price war that has seen petrol prices crash from over N1,200 per litre in November 2024 to as low as N739 per litre at some retail outlets in December 2025, driven primarily by competition between Dangote Refinery, NNPCL and independent marketers.

“At the end of the day, I can tell you that Nigerians on the street are going to be the beneficiaries,” Ojulari declared.

Clarifying NNPCL’s role in the deregulated market, Ojulari emphasised that the company is no longer responsible for petroleum product pricing or regulation under the Petroleum Industry Act.

“The first thing you have to know is that the PIA did something fundamental. Before the PIA in 2021, which rolled in 2022, everything was under NNPC, including some regulations. The PIA divided the roles of regulation from what I will call the business,” he explained.

Ojulari added, “The NMDPRA is responsible for all downstream regulation and midstream, as you know, and the NUPRC is responsible for all upstream regulations.

“So it’s very important that Nigerians understand that post-PIA, we as NNPC are not regulators.”

He stressed that NNPC has been instituted by the PIA to become “a commercial company, which means a company that needs to compete profitably and be successful profitably.”

Ojulari disclosed that NNPCL no longer receives federation allocations and must raise finance independently “like any other business.”

Nigeria’s downstream petroleum sector has been gripped by fierce competition since September 2024, when Dangote Refinery, Africa’s largest single-train refinery with 650,000 barrels per day capacity, began producing petrol locally.

According to the National Bureau of Statistics, the average retail price of Premium Motor Spirit fell by N153 per litre between November 2024 and November 2025—from N1,214.17 to N1,061.35, driven by supply improvements and stronger competition.

The price war intensified dramatically in December 2025 when Dangote slashed its ex-depot price from N970 to N699 per litre, forcing other players to follow suit or risk losing market share.

MRS filling stations, Dangote’s retail partner, began selling at N739 per litre nationwide, while NNPC retail outlets dropped prices from N875 to between N825 and N840 per litre depending on location. Independent marketers followed, with some selling as low as N865 per litre.

Data from Petroleumprice.ng showed that Dangote Refinery made over 20 price adjustments in 2025 alone.

The rapid price reductions created significant challenges for petroleum marketers who purchased products at higher prices and now must sell at a loss or lose customers entirely.

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Atiku, Tinubu belong to same school of thought, they’re not different – Osinbajo

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Laolu Akande, former media aide to ex-Vice President Yemi Osinbajo, on Friday said Atiku Abubakar and President Bola Tinubu belong to the same school of thought.

Speaking on Channels Television’s programme, Inside Sources, Akande berated Atiku for accusing Tinubu of attempting to slide Nigeria into a one-party state.

Akande explained that Atiku destroyed the Peoples Democratic Party, PDP, by going against the party’s rotational arrangement.

However, he also observed that Atiku and Tinubu belong to the same political school of thought, as they see power as a means for personal advantage.

He said: “Let me give you a picture of where our political elites are today, so we have the former Vice President Atiku Abubakar who destroyed the PDP by assaulting the national consensus on rotational presidency. He is now accusing President Bola Tinubu and his party of orchestrating a one-party state in Nigeria.

“That is the President (Tinubu) under his watch, we have an INEC leadership claiming as though it doesn’t understand its role to be neutral as an umpire.

“So you can ask which is which? Both of them (Atiku and Tinubu) belong to the school of thought that sees political power as an end to justifying the need, they just see power as something that is more to their advantage rather than something that is meant to transform the lives of the people.

“They are not significantly different especially regarding the sensibility of the Nigerian people, their tactics and strategies might differ but our quest for a new Nigeria is far more important and is greater than all those milky business that I have described, therefore, we must proceed regardless of the antics of our politicians to take sides on any matter that may influence the future of our country such as what is on the ground now.

“We must separate partisan narratives from the main issues that affect the future of our country.”

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2027: NBA raises alarm over ‘judicial interference’ in party affairs

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The Nigerian Bar Association, NBA, has raised concerns over what it described as growing judicial interference in the internal affairs of political parties, warning that the trend poses a threat to Nigeria’s democracy ahead of the 2027 general elections.

In a statement issued by its President, Mazi Afam Osigwe, SAN, the association said it had been monitoring recent political and legal developments, particularly those linked to the interpretation and application of provisions of the Electoral Act 2026.

The NBA cited Section 83 of the Act which bars courts from entertaining cases relating to the internal affairs of political parties, stressing that the law also prohibits courts from granting interim or interlocutory injunctions in such matters.

It expressed concern that despite these provisions, some lawyers continue to file suits on intra-party disputes, while courts allegedly grant orders in violation of the law.

According to the association, such actions undermine the rule of law and risk turning the judiciary into a tool for political manipulation and “electoral advantage”.

“This emerging trend of subverting the clear letters of the Electoral Act and dragging courts into the internal affairs of political parties through disingenuous litigation, forum shopping, and malafide applications designed to secure undemocratic political advantage, bodes no good for our democracy,” the statement said.

The NBA warned that it would take disciplinary action against legal practitioners found to be engaging in such conduct, including filing petitions before the Legal Practitioners Disciplinary Committee, LPDC.

It also called on the judiciary to exercise restraint and resist being drawn into political disputes clearly barred by law, urging judges to adhere strictly to statutory provisions.

On the electoral body, the NBA tasked the Independent National Electoral Commission, INEC, to remain neutral and avoid actions that could undermine political pluralism or public confidence in the electoral process.

It noted that the INEC chairman, as a legal expert, is expected to uphold constitutional principles and ensure that the commission’s conduct strengthens democratic norms.

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Pope Leo Heads To Africa In First Major Foreign Tour, To Visit Algeria, Others

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Pope Leo XIV embarks Monday on an 11-day visit to Algeria, Cameroon, Angola and Equatorial Guinea for his first major international trip since becoming pontiff last year.

From dialogue with Islam to peace efforts, inequality and human rights, the US-born pontiff will address a myriad of issues as he covers more than 18,000 kilometres (11,000 miles) across the African continent.

Leo, who took over as head of the world’s 1.4 billion Catholics in May, will make 11 speeches, preside over seven masses and visit a dozen locations during the trip which lasts until April 23.

The 70-year-old’s words and actions, always closely watched, will have even deeper resonance at a time of deep global uncertainty caused by the Middle East war and resulting energy shock.

It will be Leo’s third trip outside Italy, after Turkey and Lebanon last year, and Monaco in March.

Algeria (13-15 April) – Making history

Leo will be the first pope to go to the North African country of Algeria, where Islam is the state religion.

He will visit the Great Mosque of Algiers and meet with President Abdelmadjid Tebboune. He will also meet members of the Augustinian order to which the pontiff belongs, in Annaba, the one-time home of Saint Augustine.

The pope is “a brother who comes to visit his brothers”, Cardinal Jean-Paul Vesco, the archbishop of Algiers, told AFP ahead of the visit.

Leo will pray privately in a chapel dedicated to 19 priests and nuns murdered during Algeria’s 1992-2002 civil war.

Ahead of the visit, three international NGOs called on the pope to raise concerns about the treatment of religious minorities with Algeria’s authorities.

READ ALSO: World Bank Urges Smarter Growth Strategies, Says Policy Reforms Key To Africa’s Future


Cameroon (15-18 April) – Call to peace

A call to peace and reconciliation is expected to dominate the pope’s visit to majority-Christian Cameroon in central Africa, where the English-speaking northwest has been torn apart by nearly a decade of conflict.

The Catholic Church has played a mediating role in the conflict and the centrepiece of Leo’s visit will be a speech and mass in Bamenda, the epicentre of the violence, to be held under heavy security.

Leo will visit some of the Church’s vast network of hospitals, schools and charitable organisations in Cameroon, where about 37 percent of the 30 million inhabitants are Catholic.

And he will meet with President Paul Biya, 93, one of the world’s longest-serving heads of state who has at times faced criticism from senior Cameroonian clergy over his hold on power.

Angola (18-21 April) – Natural resources

The visit to Angola, a former Portuguese colony in southern Africa, will be a chance for Leo to expound on social themes dear to his heart.

The country is rich in oil and minerals but plagued by poverty, and still scarred by a long civil war that ended in 2002.

Leo is expected to emphasise the need for a more equitable distribution of the wealth from natural resources, as well as the fight against corruption.

His presence is eagerly awaited by Angolan Catholics, who make up around 44 percent of the population, but some are less enthusiastic.

“At the societal level, it represents nothing, because millions of dollars will be taken from the state treasury to prepare, without bringing any benefits to our country,” teacher Rosa Kanga, 42, told AFP.

Leo will visit the capital Luanda — where affluent neighbourhoods contrast with vast slums — but also venture outside. He will go to a centuries-old church on a former slave-trafficking route in the village of Muxima, one of the holiest sites in southern Africa.

Equatorial Guinea (21-23 April) – Balancing act

Leo’s visit to Equatorial Guinea, which has been under iron-fisted rule by President Teodoro Obiang Nguema Mbasogo since 1979, will require a delicate balancing act.

Some 80 percent of the two million inhabitants are Catholic, but Jean-Paul II is the only pope to have visited, almost half a century ago.

Leo will have to tread carefully between trying to support local Catholics and being seen as endorsing the authoritarian government. Many expect him to deliver a message on human rights and social justice.

In Malabo, recently downgraded as the country’s capital by presidential decree, giant photos of the pontiff were displayed across the city ahead of Leo’s arrival, with national television broadcast adverts about the trip on loop.

AFP

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