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NNPC May Hike Petrol Price

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Apparently looking for a desperate window to further increase the price of Premium Motor Spirit (PMS), the management of the Nigerian National Petroleum Corporation (NNPC), has mobilised its former group managing directors (GMDs) to canvass for a new price regime, arguing that the petrol price capped at N145 per litre was no longer justifiable.
In their words, the petrol price ceiling is not congruent with the current foreign exchange liberalization policy.
The NNPC Group General Manager, Group Public Affairs Division, Alhaji Garba Deen Muhammad, made this known in a statement in Abuja, at the weekend.
Garba Deen said that the former GMDs advised for the review of the price cap at a one-day meeting of the Group Managing Director of the NNPC, Dr. Maikanti Baru, and the former GMDs of the corporation.
The former GMDs at the meeting were Chief Edmund Daukoru, Chief Odoliyi Lolomar, Dr Thomas John, Mr Lawrence Amu, Dr. Jackson Gaius-Obaseki, Mr Funsho Moses Kupolokun, Dr Abubakar Lawal, among others.
The former oil chiefs commended NNPC for resolving the fuel supply crisis, and urged the corporation to emplace measures that will ensure sustenance of seamless supply of petroleum products nationwide.
“The PMS price cap of N145/litre is not congruent with the liberalization policy, especially with the Foreign Exchange rate and other price determining components such as crude cost, Nigerian Ports Authority (NPA) charges,” it said.
PMS price was among 11 challenges identified by the former bosses of the corporation which they suggested ways forward.
Other challenges examined include insecurity, corporation reputation, state of the refineries, petroleum product supply, funding of the joint ventures and frontier exploration services, National Petroleum Investment and Management services (NAPIMS), relationship with stakeholders, NNPC revenue base, debt profile and Pension deficit.
On insecurity, the former NNPC chiefs said that there was urgent need for government and security agencies to refocus as well as engage the various host communities.
They suggested the establishment of social and traditional structures to develop an actionable partnership framework toward finding a lasting solution to the present unrest.
The GMDs were concerned about the increasing negative perception of the Corporation by Nigerians especially in terms of opaqueness and accountability.
“They, therefore, called on the Corporation to educate Nigerians on NNPC activities as a commercial entity managing the nation’s assets in trust,” Garba Deen added
On the refineries, they advised that the refineries be rejuvenated using the Original Equipment Manufacturers (OEMs).
“Also, the refineries must be restructured to operate as an Incorporated Joint venture (IJV) similar to the Nigerian Liquefied Natural Gas (NLNG) model with credible partners having requisite technical and financial capabilities,” it said.
The GMDs advised that funding of Joint Venture Operations should be the first line charge to oil revenue to ensure sustainable production and reserve growth.
They endorsed the presidential order to ensure exploration in the Chad basin and Benue Trough and urged Baru to focus more on the Chad basin that had recorded more prospects.
GMDs expressed concern on the level of NNPC debt profile and advised it should establish the true state of its current financial status and decide most appropriate capitalisation model.
They called for a review of the NNPC pensions and advised that NNPC should explore avenues to close the pension funding gap including the restructuring of the current model.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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Four To Face Death Penalty Over DPO Angbashim’s Murder

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A Rivers State High Court sitting in Port Harcourt has convicted and sentenced four persons to death by hanging over the gruesome killing of the former Divisional Police Officer of Ahoada East Police Division, SP Bako Angbashim.

The presiding Judge, Justice Sika Aprioku, in a landmark judgment, last Thursday, found the quartet guilty of conspiracy, murder, membership of a secret cult group and robbery, saying the prosecution proved its case beyond reasonable doubt.

Those sentenced to death by hanging are Robinson Sonabari, identified as a native doctor; Bright Okparawo; Precious Amaeze, popularly known as Selina; and Loveday Jack, also known as Ragged Excess. The court ordered that they be hanged by the neck until they are confirmed dead.

Justice Aprioku also convicted the sixth defendant, Samuel Nwadinma, and sentenced him to three years imprisonment for conspiracy.

The third accused person was, however, discharged and acquitted of the four-count charge.

In the same vein, the court discharged Famous Okechukwu, Samuel Uchendu, Oyekachi Ikonwa, Godbless Nnamdi and Marshall Daniel, who were earlier found guilty of membership of a secret cult group, on the grounds that they had already served the maximum terms prescribed by law in the correctional facility.

The court held that among those convicted was the native doctor who allegedly prepared the charm used in the killing of the late DPO.

Speaking with newsmen shortly after the judgment, the lead prosecution counsel from the Rivers State Ministry of Justice, Chigozie Amadi, alongside a representative of the police legal team, Celestine Dickson, commended the judiciary for ensuring that justice was served.

Dickson, who represented the Nigeria Police Force in the joint prosecution, expressed concern that officers saddled with the responsibility of protecting lives and property had increasingly become targets of criminal elements.

He, however, expressed optimism that the judgment would serve as a strong deterrent to would-be offenders.

Also reacting, the elder brother of the late DPO, Akasco Angbashim, who travelled from Nasarawa State to witness the judgment, said the verdict had healed a long-standing wound inflicted on the family since the brutal murder of their brother.

He commended the judiciary, the Rivers State Government and the police for their commitment to justice, stressing that the judgment sends a clear message that no individual has the right to unlawfully take another person’s life.

The four convicts were among 72 persons initially arraigned before the State High Court by a joint prosecution team comprising the Department of Public Prosecutions and the Rivers State Police Command over the murder.

During the trial, 61 accused persons, including the Eze Ekpeye Logbo, Eze Kelvin Anugwo, and a former Ahoada East Council Chairman, Cassidy Ikegbidi, were discharged and acquitted for lack of evidence, leaving 13 defendants to face judgment.

SP Angbashim was gruesomely murdered on September 8, 2023, during a police operation in Odemude community, Ahoada East Local Government Area.

His killing sparked tension in the area, prompting a joint security operation that led to the death of the suspected cult leader, David Okparanwo, popularly known as 2Baba.

By: King Onunwor

 

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