NEWS
Petrol Now ₦925/Litre As MRS, Others Hike Prices Nationwide

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Amid surging global crude oil prices, MRS Oil Nigeria Plc has raised the pump price of Premium Motor Spirit (PMS) to ₦925 per litre in Lagos, up from the previous ₦885/litre, marking another blow to Nigerian consumers already grappling with inflation and high living costs.
The increase, announced via the company’s 𝕏 handle on Saturday, reflects the rising ex-depot prices driven by escalating global crude costs and geopolitical tensions.
In its updated pricing structure, MRS said petrol will now sell for ₦955 per litre in the Southeast, while residents in Ogun, Oyo, Ondo, Osun, and Ekiti will buy the product at ₦935 per litre.
Similarly, motorists in the Northeast are to pay ₦955 per litre, while those in the Northwest and North Central regions will purchase petrol at ₦945 per litre.
MRS is one of the major distributors of Dangote refinery products, and the price hike followed Dangote’s upward adjustment of its ex-depot price from ₦825 to ₦880 on Friday.
Sunday Punch gathered that other marketers such as Heyden and AP, also major distributors of Dangote’s fuel products, are expected to follow suit with similar upward price reviews in the coming days.
Industry insiders say the latest adjustment is consistent with earlier warnings by analysts that rising international crude oil prices could inevitably push up local pump prices, especially in a deregulated environment where marketers adjust pricing in response to market fluctuations.
Last week, Nigeria’s major crude grades — Bonny Light, Brass River, and Qua Iboe — surged to around $79 per barrel, following renewed conflict between Israel and Iran, which spiked fears of a broader Middle East crisis.
According to Oilprice.com, Bonny Light traded at $78.62, while Brass River and Qua Iboe closed just below $79.
This figure exceeds the Federal Government’s 2025 budget benchmark of $75 per barrel, offering potential short-term fiscal relief but long-term pressure on domestic fuel pricing.
The ripple effect of rising crude costs was already being felt across independent depots as early as Monday. Petrol ex-depot prices jumped from ₦825 to ₦840, with some marketers posting even sharper increases.
Rainoil raised its pump price from ₦850 to ₦900 per litre
Fynefield moved to ₦930 per litre
Mainland increased to ₦920, adding ₦63
Sigmund sold at ₦920
Matrix (Warri) priced at ₦910
NIPCO jumped from ₦827 to ₦895
Aiteo stood at N840, according to data from Petroleumprice.com
Security Tension In North Also Contributes To Uncertainty
In a related development, ongoing security issues in the North continue to complicate logistics and supply chain distribution for marketers.
On Saturday, a suicide bombing incident reportedly occurred in one of the region’s busy roadside eateries. According to police spokesperson Daso, a joint response team comprising the Nigeria Police Force, military, and Explosive Ordnance Disposal–CBRN unit was deployed to manage the emergency.
“The injured victims were taken to the hospital for treatment, and sensitisation on explosive ordnance risk is ongoing,” Daso said.
He added that the Commissioner of Police, Naziru Abdulmajid, has urged residents to remain calm and report any suspicious activities.
A local eyewitness recounted the chaos, he said, “It is a busy joint where people come together, buy food and eat. Everything was going normal until a loud sound was heard. It was a devastating moment. Many people died.”
The bomber was reportedly burnt beyond recognition, while several others sustained injuries.
NEWS
ADC coalition: Three things must happen to defeat APC in 2027 – Guber candidate, Khalil

Malam Ibrahim Khalil, the African Democratic Congress (ADC) governorship candidate in the 2023 general elections in Kano State, has expressed optimism that his party could emerge victorious in the 2027 polls—if three strategic conditions are fulfilled.
In an exclusive interview with OSUNDAILY NG on Wednesday, Khalil emphasized that the ADC stands a strong chance of winning both at the national and state levels if critical support structures are consolidated.
“For ADC to succeed in 2027, three things must happen,” Khalil said.
“First, the new entrants into the party must give full support to the existing leadership and structures. Second, if the complaints Nigerians are making are genuine, they should throw their weight behind this movement. And third, if the ruling APC fails to reform its internal system and continues on this path that has triggered public outcry, then without a doubt, we will defeat them,” he stated confidently.
Addressing the political landscape in Kano State, currently governed by the New Nigeria Peoples Party (NNPP), Khalil highlighted internal divisions and partisan rivalry as opportunities for ADC.
“The disunity created among Kano citizens by parties like PDP, APC, and now NNPP is our opportunity,” he said. “If the people of Kano are truly ready, they must abandon any agenda that continues to divide them. ADC is not here to cause conflict or promote enmity—we are offering an alternative, people-oriented platform.”
Khalil’s comments come amid prolonged political tension surrounding the Kano Emirate, which has remained a flashpoint of state-level crisis. The ruling NNPP continues to back the reinstated Emir of Kano, Muhammadu Sanusi II, while the opposition APC, under the influence of former governor Abdullahi Umar Ganduje, supports the deposed Emir, Aminu Ado Bayero.
This comes amid growing speculation of internal division within the African Democratic Congress (ADC), as reports indicate that a faction of the party is opposed to the recent influx of opposition heavyweights into its ranks.
According to a statement issued by Isa Musa Matara, the spokesperson for the dissenting faction within the ADC, some key stakeholders were allegedly not consulted before the final decision was made to adopt the party as a common platform for opposition forces ahead of the 2027 general elections.
Meanwhile, opposition leaders held a special meeting in Abuja on Wednesday and reaffirmed the ADC as their united political front for the 2027 polls. The party executives formally resigned and the national chairmanship and secretary roles handed to former senate president, David Mark and former Osun state governor, Rauf Aregbesola respectively.
NEWS
Yobe lawmaker raises alarm over terrorists attacks

The House of Representatives has called on the Federal Government to deploy additional military personnel and intensify operations in Yobe State, following a motion moved by Hon. Khadijat Bukar Abba Ibrahim on the escalating threat of ISWAP terrorism in the region.
Yobe State Focal Person for Digital and Strategic Communications, Yusuf Ali, noted that in her motion, Hon. Khadijat Bukar Abba Ibrahim, representing Damaturu, Gujba, Gulani and Tarmuwa Federal Constituency, recounted the harrowing April 18, 2025, attack on Ngurbuwa village, which claimed the lives of two soldiers and several vigilante members.
He said the assault also displaced scores of residents and destroyed a key bridge linking the area to other parts of the state.
According to him, the Federal Lawmaker cited another attack on May 3, 2025 in Buni Yadi, which occurred just hours after a regional security summit had convened in the area.
Responding to the motion, the House urged the Ministry of Defence, security agencies, the National Emergency Management Agency, NEMA, the North East Development Commission, NEDC, and the Federal Ministry of Humanitarian Affairs to take immediate steps in boosting security and delivering humanitarian support to the affected communities.
NEWS
Naira continues appreciation for third consecutive day

The naira continued to appreciate against the dollar at the official foreign exchange market on Wednesday, marking the third consecutive gain this week.
This is according to the Central Bank of Nigeria’s exchange data released on Wednesday.
The apex bank’s foreign exchange data indicated that it strengthened to N1,526.15 against the dollar on Wednesday, from N1,529.57 traded on Tuesday.
This means that the naira gained N3.42 against the dollar on a day-to-day basis.
Meanwhile, on the black market, the naira remained flat at N1,570 on Wednesday—the same exchange rate recorded the previous day.
OSUNDAILY NG reports that the naira appreciated against the dollar on both Monday and Tuesday.
This comes as the International Monetary Fund, in its latest Article IV Consultation, lauded CBN’s foreign exchange and monetary policy reforms.
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