Business
N935/litre petrol: Labour faults new price, demands further reduction

Published
4 months agoon
By
Ekwutos Blog
The Nigeria Labour Congress and Civil Society Organisations have called for further reduction in the pump price of Premium Motor Spirit (petrol), stressing that the recent drop in price to N935/litre is not satisfactory.
Dangote Petroleum Refinery in partnership with MRS recently announced a reduction in petrol price to N935/litre.
Before the announcement, the commodity sold for over N1,030/litre in Lagos and environs, while it cost more than N1,060/litre in Abuja and Northern states.
Recall that on Sunday, the Independent Petroleum Marketers Association of Nigeria said petrol was going to sell at N935/litre beginning from Monday based on the latest arrangement with the Dangote Petroleum Refinery.
IPMAN’s National President, Maigandi Garima, said the reduction in Dangote refinery’s ex-depot price for petrol and the uniform arrangement being put in place, would enable marketers to sell at N935 in their outlets nationwide, incurring a cost of N36 on logistics.
But the announcement did not excite the labour union and CSOs, as they insisted on Monday that the cost of petrol should drop further.
Speaking with The PUNCH, a senior official of the Nigeria Labour Congress, Chris Onyeka, rejected any applause for the Federal Government and the Nigerian National Petroleum Company Limited over the recent reduction in the pump price of petrol.
He argued that the current pricing mechanism does not reflect the true cost of the commodity.
“Do you want us to clap for them? How can we be okay with a price of N935/litre of PMS? This is not the right price for PMS. You cannot base the price on imported products when we have refining capacity in Nigeria,” he said.
He argued that the costs embedded in the current pricing framework—including foreign labour, freight charges, insurance, logistics, and profits accrued abroad—unfairly burden Nigerians.
“Products are refined in Nigeria, yet the price you give Nigerians is based on imported products. Why should we applaud that? It is akin to someone stealing your money and returning only part of it, then expecting you to clap. We cannot applaud this,” he stated.
Onyeka stressed that the only way to ascertain the correct price of PMS is by determining the actual cost of refining it domestically.
“We need to know how much it costs the NNPC to refine a litre of PMS in our local refineries, such as the Port Harcourt refinery. That is the price Nigerians should be paying,” he emphasised.
He called on the government to prioritise the welfare of Nigerians by ensuring that fuel pricing aligns with local realities.
This country belongs to all Nigerians. Let the government do the right thing that allows Nigerians to breathe. Let the poor breathe.
“The NLC’s position underscores growing discontent among Nigerians over the rising cost of living, with fuel prices being a major contributor to inflation and economic hardship,” he stated.
CSOs react
The Chairman, Centre for Accountability and Open Leadership, Debo Adeniran, said the reduced price of N935/litre was still expensive and unsatisfactory, noting that the government and private business could still give out free petrol to citizens.
“Well, we believe that if NNPC and the private sector actually give out PMS for free, they will still not run their business at a loss, because the other derivatives of petroleum products can still serve them, and can still make them to break even. So, even at that N900 and something, it’s still expensive.
“Dangote has kind of mooted the idea that it could drop to as low as N650. And if he has mulled this, then it means that it is the state, it is the NNPC that will have been the clog in the wheel of such progress. And you know also that we expected that fare prices, especially PMS prices, will drop below N200 when Dangote was expected to come on stream.
“So, it’s unfortunate that we are still talking about over N900 and they want us to jump up and rejoice for that. That is not satisfactory. They should just let us see the breakdown of their production cost and why it’s still there. I mean, there are countries like Libya under Gaddafi that gave out PMS for free and they didn’t run anything at any loss. So, I believe that it can still go further down,” he said.
The Executive Director of the Civil Society Legislative Advocacy Centre, Ibrahim Rafsanjani, commended the reduction of fuel prices by the NNPC and Dangote, but said the government could still reduce the price.
“Dangote’s own is about N899 or something like that. Well first and foremost, we are happy that there is a little reduction in the prices. But also based on analysis and based on facts and evidences, we believe that it is possible for the Nigerian government to further reduce the prices.
“Because if a private company can reduce the price and it still makes profit, we wonder why government-owned enterprises cannot really pity its citizens,” he said.
Price reduction
The Nigerian National Petroleum Company Limited on Monday reduced the pump price of petrol at its retail outlets in the Federal Capital Territory to N965/litre, down from N1,040/litre.
This occurred as MRS filling stations implemented a new petrol price of N935/litre at all its retail service stations nationwide, in accordance with the agreement signed with the Dangote Refinery.
Checks by our correspondent revealed that the Nigerian National Petroleum Company Limited affected the new price across its retail outlets in the capital city, to the delight of customers.
The new amount is the second price drop of N95 in less than two weeks from N1,060 earlier this month.
At its mega station located along Wuse Zone 4 and Olusegun Obasanjo Way, Central Area, the price of the commodity was sold at N965 per litre with commuters scrambling to join the long queue.
The national oil firm also slashed the petrol price to N965 at its Lugbe and Gudu area opposite Prince and Princess Estate outlets.
Reacting, a motorist at the central area station, who confirmed the price drop, applauded the national oil firm but called for a uniform across all stations for easy access.
He said, “Yes, NNPC has reduced its price to N965. I bought it this morning, but the queue is too long. Maybe because other stations are selling at a different price.”
Another driver, Hassan, said the changes would reflect in cost of transport but didn’t give a specific date.
He said, “This change is good news. We are excited about this price reduction and it will show in transport costs. N95 is a lot of money and it means we can now buy more litres to fuel our car.”
You may like
Business
Energy drink tussle: Court rules in favour of Mamuda Beverages Nigeria Limited

Published
2 hours agoon
April 26, 2025By
Ekwutos Blog
The Federal High Court sitting in Abuja has ruled in favour of Mamuda Beverages Nigeria Limited to first hear its preliminary objection to the suit filed against it by Rite Foods Limited before any other application in the matter.
In a ruling delivered on the 25th of April, 2025, Justice Emeka Nwite held that due to its decisive nature, the application challenging jurisdiction filed by Mamuda Beverages Nigeria Limited takes precedence over Rite Food Limited’s Motion Exparte. Thus, the Court would hear and determine it before taking any further step in the matter.
Rite Foods Limited approached the Court via Writ of Summons filed in Suit No. FHC/ABJ/CS/705/2025 to contest the production of Pop Power Energy Drinks over allegations that the drink has striking resemblance with one of its products.
The company through its lawyer, Booneyamen Lawal, SAN filed alongside the Writ, a Motion Exparte seeking preservative orders pending the hearing and determination of the substantive suit filed by it against the defendant, Mamuda Beverages Nigeria Limited.
The Motion Exparte was slated for hearing on 23rd of April, 2025. However, the defendant got wind of the application and swiftly filed through its lawyer, O.E.B Offiong, SAN, a preliminary objection challenging the court’s jurisdiction to entertain the suit.
In its preliminary objection, the defendant complained that Rite Foods Limited had on 28th January, 2025, filed a similar suit over the same issue and between the same parties which has already been decided by the court. It was stated that while not conceding to the allegations levied against it by Rite Foods Limited, Mamuda Beverages Nigeria Limited opted for settlement which was adopted by both parties and entered as consent judgment by the Federal High Court on 4th March, 2025. And that despite the consent judgment, the Plaintiff proceeded to file the instant suit against it, submitting that it amounts to abuse of court process, which robs the court of jurisdiction to entertain it. The defendant further communicated its concern to the plaintiff through a letter written on the defendant’s behalf by Aliyu & Musa Legal Practitioners & Consultants on 17th April, 2025.
On the said hearing date, Booneyamen Lawal, SAN led a team of lawyers in representing Rite Foods Limited, while O.E.B Offfiong appeared as lead Counsel on behalf Mamuda Beverages Nigeria Limited in company of 4 Senior Advocates of Nigeria and lawyers.
After announcing his appearance, Mr. Offiong drew the court’s attention to the preliminary objection filed on behalf of Mamuda Beverages Nigeria Limited, submitting that the court was bound to hear and determine it first, as it affects the jurisdiction of the court to entertain the suit.
Mr. Booneyamen disagreed with Mr. Offion’s position, submitting that the business of the day was hearing of the plaintiff’s Motion Exparte and that the defendant ought not be heard owing to the nature of a Motion Exparte which precludes service on a defendant or an appearance by such defendant.. He urged the court to proceed with the hearing of the plaintiff’s Motion Exparte.
Following lengthy arguments by both senior Counsel, the Court adjourned to 25th of April, 2025 for ruling on the application to be first heard by the Court.
The Court on 25th April, 2025, ruled in favour of the defendant, Mamuda Beverages Nigeria Limited, agreed with the position of its Counsel, Mr. Offiong, and held that owing to its decisive nature, the defendant’s preliminary objection challenging the court’s jurisdiction to entertain the suit has to be heard first before any other application in the matter.
In effect, the court held that the defendant’s preliminary objection takes precedence over the plaintiff’s Motion Exparte seeking preservatory orders.
The court finally adjourned the matter to 28th of May, 2025 for hearing of the defendant’s notice of preliminary objection.
Business
Air Peace set to resume flight operations

Published
1 day agoon
April 25, 2025By
Ekwutos Blog
Air Peace says it will resume flight operations on Friday following the suspension of strike by the Nigerian Meteorological Agency, NiMeT, workers.
This was contained in a statement by the airline’s Head of Corporate Communications, Ejike Ndiulo, on Thursday night in Lagos.
Ndiulo expressed Air Peace’s gratitude to its customers and the general public for patience, understanding and support throughout the period of the strike.
”Your resilience and trust in our brand mean the world to us.
“We commend the active and decisive intervention of the Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN), whose leadership and commitment were pivotal in resolving the impasse and restoring normalcy within the aviation industry,” Ndiulo said.
He noted the minister’s swift engagement with aviation stakeholders, his transparent approach and his dedication to the stability and progress of the aviation sector.
Head of Corporate Communications further stated that Keyamo’s efforts not only facilitated timely resolution of the industrial dispute but also underscored his broader vision for a safer, more efficient and investor-friendly Nigerian aviation industry.
Ndiulo said Air Peace was committed to providing safe, reliable and world-class services.
Ekwutosblog reports that NiMeT workers on Thursday suspended the strike which began on April 22 after the minister’s intervention.
The workers downed tools in protest of alleged poor working conditions, including non-implementation of the 2019 Consequential Adjustment to the National Minimum Wage (affecting at least 30 staff).
They are also demanding a 25/35 per cent salary increase, 40 per cent hardship/peculiar allowance, and annual staff trainings.
The minister had promised to find lasting solutions to the problems.
Business
Aussie boss’s $2,000 mistake after using AI to write a work email

Published
1 day agoon
April 25, 2025By
Ekwutos Blog
- A cleaning company director introduced an AI tool to help write work emails
- Employees used the tool to try and shorten customer response time
A Melbourne cleaning company director has lost out on thousands of dollars after using artificial intelligence to help write a series of emails.
The business boss had hoped to improve his firm’s productivity, but one mistake alone cost it more than $2000 when he failed to pick up on the blunder.
End of Lease Cleaning Melbourne director Michael had introduced a generative AI tool to speed up the time it would take for his team to respond to customer emails.
Rather than have employees type out individual lists of cleaning services, they would input information such as the type of service required and let the tool do the rest.
The AI-powered tool would then generate an email that included the services, their costs and a job quote for each customer.
But the tool produced several emails with mistakes which were not picked up by the cleaning company’s employees.
‘We lost quite a lot of money,’ Michael told 9news.au.
The AI tool mistakenly listed different services to the ones required without changing the quotes to reflect the higher prices.

A cleaning company director lost out on over $2,000 after an AI tool to write emails (stock)
Michael and his team were forced to provide full wall cleans, priced between $500 to $700 for the price of a spot wall clean which is significantly lower.
The company’s most-costly mistake involved the director using the AI tool to generate a quote for property that required a deep clean worth around $2,000.
Michael read over the generated email but failed to spot several mistakes within the correspondence.
He didn’t spot the errors until a week later, by which time it was too late to correct them as the customer had signed up to a different company.
After the $2,000 mistake, End of Lease Cleaning Melbourne’s employees no longer use AI for business correspondence.
The response time for returning customers’ emails has now returned to five hours, the time it had previously taken prior to introducing the AI tool.
‘If you are using AI, you definitely need to read everything two to three times before you send that email,’ he added.
Almost half of all Australians use generative AI, according to a survey Google conducted with IPSOS in January.

According to a survey, around 65 percent of Australian workers said their employer had introduced AI in the workplace (stock)
Out of that 50 percent, almost 75 percent of those report using it for work.
In a separate survey carried out by HR platform Workday, around 65 percent of Australian workers stated their employer had introduced AI in the workplace.

Kano government uncovers ₦27.8m payroll fraud in local councils

NOTICE FROM INEC VOTER IDENTIFY CARD REVALIDATION

Kwankwaso: NNPP considering three options – Ladipo Johnson
Trending
- Trending6 months ago
NYA demands release of ‘abducted’ Imo chairman, preaches good governance
- Business6 months ago
US court acquits Air Peace boss, slams Mayfield $4000 fine
- Politics6 months ago
Mexico’s new president causes concern just weeks before the US elections
- Entertainment6 months ago
Bobrisky transferred from Immigration to FCID, spends night behind bars
- Entertainment6 months ago
Bobrisky falls ill in police custody, rushed to hospital
- Politics6 months ago
Russia bans imports of agro-products from Kazakhstan after refusal to join BRICS
- Politics6 months ago
Putin invites 20 world leaders
- Politics1 year ago
Nigerian Senate passes Bill seeking the establishment of the South East Development Commission.