News
FG will not intervene in NNPCL, Dangote petrol price face-off – Presidency

The Federal Government has washed its hands off the petrol pump pricing face-off between the Nigeria National Petroleum Company Limited, NNPCL, and Dangote Refinery.
The Federal Government said the two parties are at liberty to determine their own market prices for consumers.
The Federal Government’s position was made known on Wednesday by President Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, while briefing State House correspondents in Abuja.
He explained that since the petroleum market has been deregulated, both Dangote and NNPCL, as oil refiners and marketers, are allowed to operate according to economic market forces and set their prices for petrol, also known as Premium Motor Spirit (PMS).
The presidential spokesman noted that such scenario would be beneficial to Nigerian consumers in the end as competitive alternatives and pricing war tend to force prices down.
Onanuga said: “The PMS price regime has been deregulated. Dangote is a private company. NNPCL you should not forget is a limited liability company.
“Whatever controversy both of them are having is their own problem. Even if you go by the terms of the Petroleum Industry Act, NNPCL is on its own. Even though it’s owned by the Federal Government, the state government and local councils and everything, it is operating as a limited liability company.
“You can see that the private marketers have said that they find the NNPC or Dangote price too much for them, and they may resort to importing fuel.
“It is the consumers who benefit if a price war starts. If NNPC fuel is too much, the public market can go to the market and bring in their own fuel and sell at the price that they think is very reasonable and profitable for them.
“So government is not dabbling into this controversy. Dangote is running a private company working on his own, and NNPC is a limited liability company that has the right to fix the price of its own product.”
Currently, the lowest pump price of petrol is N895 per litre, even as NNPCL and Dangote squabble over the exact cost at which the former buys the product from the latter.
News
NAFDAC reopens Onitsha drug market, issues fresh conditions to traders

The Director General of National Agency for Food Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye has announced the reopening of Onitsha Head Bridge drug market, popularly known as ‘Ogbo Ogwu’.
NAFDAC also announced that shop owners must meet strict administrative conditions before the reopening of their shops to prevent a recurrence of the issues that led to the closure.
This was made known on Wednesday in a statement signed by Adeyeye, NAFDAC DG.
According to the DG, shop owners are required to complete documentation and clearance procedures before their shops could be unsealed.
Adeyeye also disclosed that a dedicated NAFDAC desk has been established to facilitate the process efficiently, ensuring compliance with regulatory standards.
She stated that only shops that meet the conditions will be allowed to resume operations.
Parts of the statement read: “The National Agency for Food and Drug Administration and Control (NAFDAC) has reopened the Bridgehead Drug Market in Onitsha following a month-long closure for sanitisation and regulatory enforcement.
“To prevent a recurrence of the issues that led to the closure, NAFDAC implemented strict administrative conditions for reopening.
“Shop owners were required to complete documentation and clearance procedures before their shops could be unsealed.
“A dedicated NAFDAC desk was established to facilitate this process efficiently, ensuring compliance with regulatory standards.
“The Director-General of NAFDAC, Prof. Mojisola Adeyeye, emphasises that the market has now been reopened, with all shop owners directed through their union to obtain and sign an undertaking, along with a penalty for past violations of distribution regulations.
“Only shops that meet these conditions will be allowed to resume operations.”
News
Tinubu departs Nigeria for France

President Bola Ahmed Tinubu will today, Wednesday, depart the country for Paris, France, on a short working visit.
Tinubu’s spokesperson, Bayo Onanuga, said this in a statement issued in Abuja on Wednesday.
According to the statement, during the visit, Tinubu will appraise his administration’s mid-term performance and assess key milestones.
Onanuga said the president will also use the retreat to review the progress of ongoing reforms and engage in strategic planning ahead of his administration’s second anniversary.
“This period of reflection will inform plans to deepen ongoing reforms and accelerate national development priorities in the coming year.
“While away, President Tinubu will remain fully engaged with his team and continue to oversee governance activities.
“He will return to Nigeria in about a fortnight,” the statement added.
Politics
Edo tribunal dismisses petition against Gov Okpebholo, APC

The Edo governorship election tribunal has dismissed the petition by Action Alliance (AA) and Adekunle Rufai Omoaje against Governor Monday Okpebholo and his political platform, the All Progressives Congress (APC), as winners of the September 21, 2024, governorship election in the state.
The three-member tribunal, in a unanimous judgment yesterday in Abuja, threw out the petition for being frivolous and lacking in merit.
In the first judgment of the Tribunal yesterday, the Justice Wilfred Kpochi-led tribunal held that Adekunle Rufai Omoaje, who filed the joint petition, has no locus standi to institute the case.
Among others, the Tribunal held that Omoaje did not participate in the governorship election and as such, has no power to question the validity of the election.
The Tribunal also held that Omoaje’s grouse against the election was that he was not recognized as the National Chairman of the Action Alliance for the purpose of nominating a candidate for the poll, but it was held that his claims had no basis in the Electoral Act 2022.
Omoaje had in the petition asked the Tribunal to declare the declaration of Okpebholo and APC as winners of the election by the Independent National Electoral Commission (INEC) as illegal, unlawful, unconditional and null and void on non-compliance with the Electoral Act.
He also alleged corruption and that Okpebholo and APC did not win the majority of lawful votes in the election.
Omoaje also alleged that AA was not allowed to nominate a lawful governorship candidate for the election, having not signed the nomination form as the National Chairman of the party.
INEC declared that Okpebholo of the APC won 291,667 votes to defeat his closest rival, Asue Ighodalo of the Peoples Democratic Party PDP, who polled 247,655 votes in the election.
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