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We won’t fix petrol prices again – NMDPRA

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Faruk Ahmad

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS).

Authority Chief Executive (ACE), Mr Farouk Ahmed, who said this at a news conference in Abuja on Friday, said that market forces would henceforth dictate prices under the liberalised market.

“As far as we are concerned in the NMDPRA, this is not like before when the PPPRA fixes the price; in a deregulated market, it is the market force that dictates the price,” he said.

The News Agency of Nigeria (NAN) reports that the development was sequel to the removal of subsidy on PMS known as petrol.

President Bola Tinubu had in his inaugural speech on Monday said fuel subsidy regime had ended with the commencement of his administration.

Nigeria’s Dangote Refinery Will Transform our Downstream Sector, Says Ghana Petroleum Authority

Ahmed, however, said the market was now open for everybody that would import as far as they met all the requirements.

“So, it is not about the Nigerian National Petroleum Company Limited (NNPC Ltd) alone.

“We put the regulation in place, we make sure quality control is complied with, we make sure the product is there and we give licence to prospective importer.

“We make sure we guide the operations of everyone in the sector whether at the depot or wherever the product is but we will not put a cap to say this is what the price must be,” he said.

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According to Ahmed, the role of the NNPC is to fix prices of the petrol it imported and not take over the responsibilities of the Authority.

“In the case of the NNPC, the organisation is the sole importer at this point. We told the NNPC to recover its costs because they know how much it cost them to import the product and sell it.

“Of course, we also know how much shipping, offshore, ex-depot and ex-pump are. But we cannot tell them to sell at a price because the market is deregulated,” he added.

The NMDPRA boss also disclosed that the Federal Government has officially scrapped petroleum equalisation as well as the national transport allowance.

He said the NMDPRA, the federal government and Consumer Protection Commission (FCCPC) would mount aggressive monitoring of activities in the downstream sector to prevent profiteering by petroleum marketers.

Ahmed further disclosed that marketers are now free to source their foreign exchange anywhere around the world to import petroleum products and recover their costs without impediments.

On where the importers will source their forex from, Ahmed said the CBN would not give dollar to anyone because of open market, adding that anyone willing to import should get the dollars from anywhere to import.

According to him, anyone willing to open a letter of credit from any part of the world can do that to import.

“That marketers can source their forex from anywhere is the beauty of the liberalised market that the NMDPRA has introduced based on the provision of the law”.

Ahmed said that the market would henceforth be modulated to allow the fluidity of prices, adding that though no template spelt out the pricing components of petrol price.

He said that, “based on this, the price would no longer be static rather depend on the international price of the gasoline market.

“This did not imply that marketers could sell at any price”.

According to him, the NMDPRA and FCCPC will collaborate to curb excesses if certain prices were way above the expected profit margin.

“The market structure will dictate the price swings at every point in time,” he said.

Ahmed cautioned against optimism for cheap petroleum products, saying products may not be cheaper because the company would be buying crude oil at the international price.

“Dangote Refinery is a game changer in terms of accessibility. By the time the NNPC refineries and other modular refineries across the country come on stream, Nigeria will be a net exporter of petroleum products,” he said. (NAN

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Scrap Dealers Begin 15-Day Strike, Blame Chinese, Foreign Firms for Market Crisis

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The National Association of Scrap and Waste Dealers Employers of Nigeria has commenced a 15-day nationwide warning strike over what it described as the devaluation of its members’ businesses by Chinese and other foreign companies operating in Nigeria.

The association announced the commencement of the strike on Thursday, saying its members were withdrawing their services to draw the attention of the Federal Government and relevant authorities to what it described as unfair practices threatening the survival of the scrap and waste recycling industry.

The Vice President of the association, Aminu Hassan Soja, popularly known as Sarkin Karafan Kasar Hausa, disclosed the decision while addressing journalists in Kano on Thursday.

Hassan said members of the association were losing between ₦2 million and ₦3 million on every truckload of scrap materials as a result of what he alleged were activities of Chinese and other foreign companies in the sector.

According to him, the situation had significantly affected the prices of scrap materials and was making it increasingly difficult for Nigerian-owned businesses to remain viable.

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The association’s vice president further alleged that some foreign operators were involved in practices that were affecting the quality of construction materials produced from recycled metals.

Hassan specifically alleged that 12-millimetre iron rods were being presented or processed as 10-millimetre rods, a development he linked to concerns over the quality of building materials and the reported collapse of buildings in different parts of the country.

He said the alleged practices were taking place despite existing laws and regulations governing the production and marketing of construction materials in Nigeria.

The association’s leader expressed concern that foreign companies were allegedly operating as though there were no effective laws regulating their activities in the country.

Hassan said the decision to embark on the 15-day strike followed efforts by the association to draw the attention of relevant authorities to the challenges facing its members.

He said the association had written to relevant government agencies as well as security agencies to formally notify them of the warning strike and its implications.

According to him, the association has a membership of more than two million people across the country, stressing that its members had complied with the directive to withdraw their services.

Hassan described the association as one of the largest employers of labour in the country outside the agricultural sector, saying the activities of its members contribute significantly to employment and the recycling economy.

He said the strike was therefore intended to compel the authorities to address the concerns raised by the association and protect local operators in the scrap and waste business.

Soja says the association’s leadership had information that some individuals could attempt to act as saboteurs from within the association.

Hassan urged members to remain united and adhere to the directive throughout the 15-day warning strike, while calling on government agencies to intervene in the issues raised by the association.

He said the association remained open to dialogue with the Federal Government and other stakeholders, but insisted that the concerns of its members must be addressed to prevent further losses and protect businesses operating in the sector.

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Kaduna Court Dismisses El-Rufai Trial Judge Recusal Application, Orders Accelerated Hearing

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Governor El Rufai

 

The Kaduna State High Court has dismissed an application seeking the recusal of Justice Darius Khobo from the trial of former Kaduna State Governor, Mallam Nasir Ahmed El-Rufai.

The court, in its ruling last week on the application, held that the applicant had not waived his right to complain of alleged bias by his conduct.

Justice Khobo, however, ruled that the multiple processes filed by the applicant before the Court of Appeal and the Kaduna State High Court constituted an abuse of court processes.

The court also held that the applicant failed to establish a likelihood of bias against him.

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The court formulated three issues for determination in resolving the application.
On whether the applicant had waived his right to complain of bias by his conduct, the court resolved the issue in favour of the applicant, holding that the right had not been waived by mere conduct.

However, in the second issue, whether the applicant had abused the processes of the court, the court ruled in favour of the respondent, finding that the multiple processes filed before the Court of Appeal and the State High Court constituted an abuse of court process.

The third issue, which concerned whether there was a likelihood of bias against the applicant, was also resolved in favour of the respondent, with the court holding that the applicant failed to prove such likelihood.

In its final analysis, the court held that the application for recusal lacked merit and consequently refused and dismissed it.
The court directed that the trial on the substantive charge should continue on a day-to-day basis, as practicable in the circumstances.

It further ordered that the defendant remain in the custody of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, pending the continuation of the trial.

The case was adjourned to October 12 and 13, 2026, for accelerated hearing.

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Chinese, Nigerian workers celebrate Mid-Autumn Festival

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Chinese and Nigerian workers at a project site in Nigeria have celebrated the Mid-Autumn Festival with storytelling, poetry, traditional food and discussions aimed at promoting cultural understanding between the two countries.

The celebration, organised by the project team, brought Chinese and Nigerian colleagues together under the theme of cultural exchange, with participants sharing traditions and beliefs associated with the moon in their respective societies.

The event featured lantern displays, mooncakes, poetry recitals and presentations on the history and customs of the Chinese Mid-Autumn Festival.

Chinese staff introduced their Nigerian colleagues to traditional stories associated with the festival, including the legend of Chang’e flying to the moon and the story of Wu Gang and the cassia tree.

They also explained customs such as moon-gazing, eating mooncakes, displaying lanterns and solving riddles.
A major focus of the presentation was the Chinese cultural understanding of the festival as a time for family reunion.

The Chinese team explained that, even when family members are separated by distance, the full moon provides a symbolic connection as people look at the same moon and share thoughts and blessings with their loved ones.

The Nigerian participants said the emphasis on family togetherness resonated with values deeply rooted in Nigerian communities.

Sharing Nigerian moon traditions

The cultural exchange continued with a session in which Nigerian colleagues shared stories and traditions surrounding the moon in different Nigerian communities.

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Participants spoke about local beliefs linking the moon with harvest, love, time and seasonal changes, while others explained how the moon has traditionally featured in communal gatherings and storytelling.

One of the Nigerian participants observed that full-moon nights in some communities are occasions for gathering, singing, dancing and storytelling, drawing parallels with the Chinese Mid-Autumn Festival.

The observation attracted laughter and applause from the participants, who noted the similarities between the two cultures despite their geographical distance.

Chinese staff also discussed the place of the moon in Chinese poetry and folk traditions, with participants agreeing that the shared appreciation of the moon provided a common cultural connection.

Poetry brings colleagues together

The celebration also featured a Chinese poetry session during which Nigerian colleagues were introduced to poems by renowned Chinese poets Su Shi and Li Bai.

The participants recited lines from Shui Diao Ge Tou and Jing Ye Si, with Chinese colleagues explaining the meanings of the verses and helping their Nigerian counterparts with pronunciation.

Particular attention was given to the famous sentiment wishing that loved ones would live long enough to share the beauty of the same moon despite being separated by distance.

The participants described the message as a universal expression of love, friendship and longing that transcends cultural boundaries.

Mooncakes symbolise friendship

The celebration ended with the presentation and sharing of mooncakes, a major traditional food associated with the festival.

Chinese staff explained that the round shape of the mooncake symbolises reunion and completeness before inviting their Nigerian colleagues to taste different varieties, including lotus seed, red bean and mixed-nut fillings.

For some of the Nigerian participants, it was their first experience of eating mooncakes.

One participant described the experience as more than tasting a new food, saying the gesture reflected the care and thoughtfulness of the project team.

The organisers said the celebration provided an opportunity for Nigerian colleagues to experience Chinese culture while enabling Chinese staff to learn more about Nigerian traditions.

They said such activities could strengthen mutual understanding, friendship and cooperation between Chinese and Nigerian workers.

The project team said it would continue to use traditional festivals and other cultural activities as platforms for people-to-people exchanges, with the aim of deepening China-Nigeria relations at the community and workplace levels.

The celebration, they added, demonstrated how cultural traditions can provide a bridge between people from different backgrounds and promote greater understanding and cooperation.

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