General News
IPMAN kicks as petrol importation soars

**”Warns importation could affect price stability
*** Again, marketers hike petrol pump price
By Nkem Okereh
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed concerns about the reported increase in the importation of petrol into the country.
IPMAN warned that the uncontrolled rise in issuance of petroleum product import licences could worsen price instability, increase pressure on the naira and push petrol prices higher.
National Publicity Secretary of IPMAN, Chinedu Ukadike, who raised the alarm on Sunday, expressed the association’s concern, noting that imported petrol was entering the Nigerian market at prices above locally refined products, thereby undermining efforts to stabilise the downstream sector.
This is even as marketer have hiked the pump price of petrol across the country, as they now sell between N1200 to N1300 per litre, as against the earlier N1800, citing the rise in crude oil prices and adjustments in depot prices by Dangote Refinery and other suppliers, which it blamed on the renewed pressure on oil, following the return of hostilities between the United States of America (USA) and Iran that brought back uncertainty on the Strait of Hormuz.
It would also be recalled that the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, in its June report, said the importation of Premium Motor Spirit, PMS, jumped by 207 per cent to 18.1 million litres per day in June 2026 from 5.6 million litres per day in May as daily petrol consumption surged by 7 per cent to 50.6 ml/d.
NMDPRA data showed that while fuel imports surged significantly, petrol production at Dangote Refinery declined by 22 per cent to 32.5 million litres per day in June from 41.5 ml/d in May.
This means that the country imported more PMS in June than in May. This comes as NMDPRA issued import licences to petroleum product marketers in the period in view.
Ukadike said independent marketers had reviewed developments in the downstream sector, including the import licence regime, price fluctuations and the increasing use of foreign exchange for petroleum transactions.
The IPMAN spokesperson called on the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to urgently address the challenges affecting pricing and supply stability.
He noted that the recent approval of import licences, which was expected to serve as a competitive check on domestic refinery prices, had instead introduced more uncertainty into the market, adding that some companies granted import licences were offering petrol at about N1,350 per litre, a price he described as higher than the rate at which Dangote Refinery supplies marketers.
“What is the essence of issuing this price? This will create a lot of tension in society,” he said, warning that continued volatility was making business planning difficult for independent marketers.
He argued that imported petrol has a landing cost estimated to be about 20 per cent higher than locally refined products from Dangote Refinery, adding that reliance on costly imports was putting additional pressure on Nigeria’s foreign exchange reserves.
General News
INEC announces Adeleke as winner of Osun governorship election

By Akin Osinwo
The Independent National Electoral Commission (INEC) has declared Osun State Governor, Ademola Adeleke, the winner of Saturday’s governorship election, after he secured the highest number of votes across the state.
The State Returning Officer for the election and Vice-Chancellor of the Federal University, Oye Ekiti, Prof. Joshua Ogunwole, announced the final results at about 7:24am on Sunday.
Adeleke, who contested the election on the platform of the Accord, polled 511,067 votes to defeat the candidate of the All Progressives Congress, Bola Oyebamiji, who garnered 444,815 votes.
With the victory, the incumbent governor has secured another term in office.
Adeleke won in 19 of the state’s 30 local government areas, while Oyebamiji prevailed in 11 LGAs.
The governor recorded victories in Ede North, Ede South, Ejigbo, Iwo, Egbedore, Ife North, Ife East, Ife Central, Oriade, Ifelodun, Orolu, Ayedaade, Ayedire, Odo Otin, Boluwaduro, Ilesa West, Ifedayo, Osogbo and one other local government area.
Oyebamiji, on the other hand, secured victory in Irewole, Isokan, Olorunda, Atakumosa East, Atakumosa West, Ilesa East, Boripe, Irepodun and Obokun, among others.
Giving the final figures, Ogunwole said, “Accredited voters, 1010684, total votes received by political parties, A, 511067, AA, 2308, AAC, 1458, ADC, 17180, ADP, 2946, APC, 444815, APGA, 1475, APM, 234, APP, 114, BP, 111, NNPP, 118, PRP, 83, SDP, 155, YPP, 534, ZLP, 2482, total valid votes, 985079, rejected votes, 207, total vote cast, 1,005,800.”
Following the endorsement of the results by agents representing the participating political parties, the Returning Officer formally declared Adeleke the winner.
“That Ademola Nurudeen-Jackson Adeleke having satisfied the requirements of the law is hereby declare the winner of the August 15 Governorship election and returned elected,” Ogunwole said.
The African Democratic Congress candidate, Najeem Salaam, finished third in the election.
The result brings to a close the keenly contested governorship poll, with Adeleke retaining the governorship after defeating the APC challenger across a majority of the state’s local government areas.
General News
Lakurawa terrorist group kills 4 soldiers in deadly Sokoto attack

By Mohammadu Ahmad
At least four soldiers are feared dead following an attack by suspected Lakurawa terrorists in Kebbe, Kebbe Local Government Area of Sokoto State, on Friday.
The attackers, reportedly numbering more than 300, stormed the town on motorcycles and engaged troops in a fierce gun battle before allegedly attacking shops, vehicles and a hospital.
The heavily armed group was said to have arrived in Kebbe at about 10am, prompting soldiers deployed at a military base on the outskirts of the town to engage them.
A security expert in the state, Bashar Altine, who confirmed the incident, said four soldiers were feared to have died during the confrontation.
However, the reported casualty figure could not be independently verified as of the time of filing this report.
The spokesman for the Sokoto State Police Command, Ahmed Rufai, also confirmed that an attack occurred but said the command was still working to establish the details.
Rufai said he could not confirm reports of casualties, including the alleged deaths of the four soldiers.
Attempts to obtain confirmation from the spokesman of the 8 Division, Nigerian Army, Lt. Col. Olaniyi Osoba, were unsuccessful, as he had yet to respond to a message sent to him as of press time.
Altine said the attackers moved into the heart of Kebbe after the confrontation with the troops, particularly the Sabon Gari area, where they allegedly broke into shops and stole large quantities of mobile phones and bread.
He said the militants also attacked a military vehicle equipped with a mounted rocket-propelled grenade, damaging three tyres and breaking its windscreen.
The attackers reportedly proceeded to the General Hospital, Kebbe, where they allegedly smashed the windows of vehicles parked within the hospital premises, including the vehicle of the Divisional Police Officer and an ambulance.
“They also seized mobile phones belonging to patients at the hospital,” Altine added.
He further alleged that the terrorists took four motorcycles belonging to residents before beginning their withdrawal from the town.
According to Altine, the attackers eventually left Kebbe in the evening through the direction of the police station and proceeded towards communities west of the town.
“Reports from villages west of Kebbe indicate that they entered Ungushi town, one of the districts in Kebbe Local Government Area,” he said.
Altine said there was no confirmation that any of the attackers had been killed despite the reported gun battle with security forces.
“As of the time of writing this report, we have not seen the body of even one Lakurawa fighter that the soldiers succeeded in killing,” he said.
(PUNCH)
General News
Anambra billionaire businessman Joseph Ezeokafor (Jezco) regains freedom from kidnappers’ den

Joseph Ezeokafor
By Ogechi Eloka
Kidnapped Anambra businessman, Joseph Ezeokafor chairman of Jezco Group of Companies, popularly known as Jezco, has regained his freedom.
According to a social media Facebook post by Fred Chukwuelobe, versatile journalist and public affairs commentator, Ezeokafor was released near the boundary between Enugu and Anambra States, close to Ebenebe, near Awka. He was subsequently picked up late at night (Friday) by a family member.
Ezeokafor, the father of popular social media personality Jowi Zaza, was abducted in the early hours of Tuesday while on his way to a prayer ground in Awka, Anambra State.
His release came after days in captivity, during which his abductors reportedly established contact with his family and initially demanded a ransom of N700 million before allegedly raising the demand to N1.5 billion.
Details surrounding his release, including whether any ransom was paid and where he was released, were not immediately available as of the time of filing this report.
The development is, however, a major relief to the family, friends and associates of the businessman, whose abduction had generated widespread concern across Anambra and beyond.
Ezeokafor is the founder of Jezco Oil and Lubricants, a business he established in 1980 and subsequently expanded into other areas of manufacturing and business.
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