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NUPENG Shuts Filling Stations In Rivers …RSG Cautions Consumers Against Panic Buying
Barely 48hours after stakeholders averted proposed strike over seizure of petroleum tankers by personnel of security agencies, including the Army, the leadership of the National Union of Petroleum and Natural Gas Employees (NUPENG) has succumbed to pressure, and directed filling stations in Port Harcourt, the Rivers State capital and its environs to shut down operations following fresh disagreement between tanker drivers and security agencies in the state.
But in a swift reaction, yesterday, the Rivers State Government has called on members of the public to avoid panic buying of petroleum products as it has taken steps to resolve issues leading to the protest by petroleum tanker drivers in the state.
Most of the filling stations monitored across Port Harcourt City and Obio/Akpor local government areas in Rivers State, yesterday, were discovered to have complied with the fresh directive to embark on strike over the arrest of some tanker drivers and seizure of their vehicles.
The shutdown of operations has led to fuel scarcity and resurgence of black market in Port Harcourt and its environs.
Also, black market operators have taken advantage of the development to make brisk deals.
Our correspondent, who monitored the industrial action by the filing station operators, reports that queues have continued to build up in most filling stations in the state capital.
The majority of the filling stations were said to have stopped dispensing fuel to motorists and other consumers since midnight on Tuesday after another tanker was said to have been seized by the Task Force on Illegal Parking.
Our correspondent, who monitored the situation in Port Harcourt, yesterday, observed that Tonnino Filling Station, Jet Filling Station and Royal Dynasty Filling Station on Ada-George Road, as well as some filling stations on Port Harcourt-Aba Road, and the few between Rumuomasi through Elekahia, were all shut down.
Also, Eterna Filling Station and Forte Filling Station located along Peter Odili Road were both shut down.
Our correspondent also tracked a Toyota Sienna and Hiace buses populated by NUPENG strike enforcement team, monitoring compliance with the directive within Port Harcourt and Obio/Akpor LGAs.
The two buses were seen criss-crossing the roads, monitoring all filling stations from Aba Road through Waterlines, and from Rumuokalagbor-Elekahia through Nkpogu to Peter Odili, and onward to Port Harcourt Township through Eastern Bypass.
Speaking on the action, the National Treasurer of the National Union of Petroleum and Natural Gas Employees, NUPENG, Comrade Alex Agwanwa, explained that the action was due to the inability of security agents to respect the understanding they reached with the union, last weekend.
Agwanwa, who is also the chairman of the United Labour Congress in Rivers State explained that between Sunday and yesterday, more trucks have been arrested alongside the drivers by security agencies.
“Instead of maintaining our understanding, they decided to arrest more trucks. As we speak, 27 trucks carrying legal products have been arrested. It is unacceptable.
“This matter has been on for the past two years. We did not want it to get to this stage but here we are,” he added.
The NUPENG official maintained that the filings stations would remain shut until all their members and trucks seized by the security agencies are released.
Some filling station attendants, who spoke with The Tide said their services were withdrawn following directives from the leadership of the joint body of petroleum marketers in Rivers State.
The Chairman of the Licensed Filling Station Owners in Rivers State, Comrade Sunny Nkpe, who spoke with The Tide on the issue, said the action was taken because of the violation of an agreement reached by all stakeholders on the matter, which shelved the earlier planned strike.
He said their members were still facing intimidation and arrests by the state task force on illegal parking and other security operatives.
On his part, the National Public Relations Officer of NUPENG, Comrade Chinedu Ukadike, said the decision reached on February 16 for security agencies and the state government to release the union’s trucks in detention by February 17 was yet to be carried out, hence the directive to withdraw of the services of members.
He further claimed that the arrests were unnecessary and carried out without proper investigation.
He said, “Most of these trucks are carrying our products. If they continue to hold our trucks in detention, what do they want us to sell?”.
Some motorists, who spoke with our correspondent, lamented the situation, stating that it was difficult for them to operate due to scarcity of products.
A commercial driver, Akanimo Abel, said he bought a liter of fuel at N350 from black market operators.
He said, “My business is badly affected by the strike, the strike took all of us by surprise, and we did not expect it. We thought all the issues have been resolved. I want the issues to be resolved once so that normal business can go on.”
Another commercial taxi driver, Chris Agbogu, said the strike has caused grave difficulties to the users of the products, adding that he was finding it difficult to buy enough fuel to enable him do his business.
In reaction to the surprise strike by tanker drivers and filling station owners in the state, the Rivers State Government, yesterday, advised members of the public to avoid panic buying of petroleum products as it has taken steps to resolve issues leading to the protest by petroleum tanker drivers in the state.
The Rivers State Commissioner for Energy, Dr Peter Medee, who gave the advise in an interview with newsmen in Government House, Port Harcourt, said the lingering protest was as a result of several threats by the union that they want to go on strike.
“There are catalog of what they actually requested that we do, and we have been making efforts to see what we can do to resolve those things”, he said.
He explained that the state government had approached the 6 Division of the Nigerian Army on some trucks seized by soldiers and that the GOC had graciously approved release of those trucks.
“Unfortunately, some of those trucks were handed over to the Economic and Financial Crimes Commission (EFCC) for further investigation.
“There are processes that we have to take to get those ones that were sent to EFCC released, and we are in the process of getting them done”, the commissioner said, adding that the trucks at the 6 Division have already been released.
On the trucks impounded by the state task force on decongestion of roads, Medee said they had also made efforts to get them released, and also gone to the prison to release members of the union that were imprisoned, while those in police custody for wrong parking have also been released.
“What I am saying in essence is that we are making several efforts. Now, we have started engaging directly with their national leadership because we have seen that their union people in the state are beginning to show lack of understand of the sensibility of government”.
He noted that the government of Chief Nyesom Wike was very careful with the ease of doing business initiative because it was his vision that nothing should hinder business activities in the state, hence the need to thread with caution.
The commissioner further stated that the Federal Government was battling with oil theft, which was why a lot of trucks involved in sharp practices were being impounded daily by security agencies.
He gave kudos to the union leaders for declaring that they would not support any of their members involved in illegality.
“However, we expect the union to understand and bear with us. All the efforts we are making are gradually paying off. We are releasing the trucks. We are releasing their members that were arrested.
“We are not ignoring them. We are doing our very best to make sure that the problem is resolved, and I can assure you that in a short time, whatever you are seeing will be over.
“My advice to Rivers people is that they should avoid panic buying, relax, we will definitely handle this problem”, the commissioner assured.
Chris Oluoh, Taneh Beemene & Benice Iragunima
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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