
News
Petrol depot prices fall in Lagos as Dangote holds firm
…Rain Oil leads cuts with N18/litre reduction
…Diesel prices crash by up to N70/litre
Depot prices of Premium Motor Spirit (PMS), commonly known as petrol, eased across several terminals in Lagos yesterday as petroleum marketers adjusted prices amid shifting supply dynamics in Nigeria’s downstream oil market.
The latest market data showed a broad-based decline in Lagos, with most major depots reducing their ex-depot prices by between N1 and N18 per litre, while diesel prices recorded even steeper reductions in some locations.
The price movement comes as competition among petroleum product suppliers continues to influence market pricing, particularly with increased domestic refining capacity.
The Dangote Refinery remained relatively stable, with its Lagos PMS price inching up marginally from N1,175 per litre to N1,176 per litre, a difference of just N1.
However, several other terminals reduced prices. Rain Oil recorded the biggest cut among Lagos depots, lowering its petrol price by N18 from N1,180 to N1,162 per litre.

A.A Rano also reduced its price from N1,165 to N1,161 per litre, while AIPEC and Bono moved down from N1,165 to N1,160 per litre.
NIPCO cut its PMS price by N4 from N1,165 to N1,161 per litre, while AITEO adjusted slightly downward from N1,161 to N1,160 per litre.
Other terminals including Masters, Matrix, Sigmund and T.S.L also recorded declines, reinforcing the downward trend in the Lagos depot market.
Masters reduced petrol from N1,203 to N1,197 per litre, Matrix moved from N1,205 to N1,197 per litre, while Sigmund and T.S.L adjusted their prices from N1,200 to N1,195 per litre.
Despite the general decline in Lagos, some terminals in other regions recorded increases, reflecting regional supply and logistics differences. In Port Harcourt, Africanterminal raised its PMS price from N1,495 to N1,505 per litre, while Duport increased from N1,490 to N1,505 per litre.
Gulftreasure and T.Time were quoted at N1,505 per litre, while Dangote’s Port Harcourt terminal recorded a slight reduction from N1,501 to N1,500 per litre.
The diesel market recorded a more significant shift, particularly in Port Harcourt, where prices fell sharply at some depots. Matrix reduced automotive gas oil (AGO) from N1,630 to N1,560 per litre, representing a N70 drop, while Sigmund cut its diesel price by N68 from N1,628 to N1,560 per litre.
In Lagos, AGO prices also softened at some terminals, with Matrix reducing diesel from N1,630 to N1,560 per litre, while Sigmund moved from N1,628 to N1,560 per litre.
Meanwhile, Calabar recorded a slight upward movement in petrol prices. Mainland depot increased PMS from N1,187 to N1,190 per litre, while Northwest moved from N1,190 to N1,195 per litre.
The Chief Executive officer, Petroleumprice.com, Olatide Jeremiah, said the latest adjustments highlight the increasingly competitive nature of Nigeria’s petroleum products market, where local refining output, depot inventories and transportation costs continue to determine price movements.
He said: “With more domestic supply entering the market, especially from major refining facilities, marketers are expected to continue reviewing depot prices in response to changing supply conditions.
“The immediate impact on consumers will depend on how quickly the reductions at depot level translate into retail pump prices, as marketers factor in haulage expenses, operating costs and profit margins.” (Vanguard)
News
Insecurity: Nigeria must not become a killing field — Obi tells FGi
Former Anambra State Governor and 2023 presidential candidate, Peter Obi, has called for urgent government action to halt the wave of killings, abductions and destruction of communities in parts of Nigeria.
Obi, in a statement posted on X on Sunday, said recent deadly attacks in Benue, Plateau and Niger states had highlighted the worsening security situation in the country.
He described the three states, which are located in Nigeria’s North-Central region, as the latest areas to suffer attacks that have claimed scores of lives and displaced residents.
Obi cited the attack in Jwak Maitumbi, Mangu Local Government Area of Plateau State, where he said at least 23 people were officially reported killed, while residents put the death toll at more than 30.
He added that over 45 houses were reportedly destroyed in the attack.

The former governor also referred to recent attacks in Borgu, Niger State, where reports indicated that more than 40 people were killed and over 100 others abducted, although he acknowledged that the figures remained contested.
Obi said the situation in Benue was equally troubling, with communities facing repeated attacks, killings, abductions and destruction of homes and livelihoods.
“What is happening in Benue, Plateau and Niger is similar to what is happening elsewhere in the country, with some attacks even going unreported,” he said.
According to him, the recurring attacks should no longer be viewed as separate incidents but as a broader national security crisis requiring a coordinated response.
“Nigeria is not officially at war, yet citizens are being attacked in their villages, abducted after prayers, driven from their homes and stripped of their farms,” Obi said.
He urged the federal, state and local governments to take immediate measures to protect vulnerable communities and prevent further attacks.
Obi called for improved intelligence gathering and rapid-response capabilities, as well as intensified efforts to rescue abducted Nigerians and apprehend those responsible for the violence.
“I urge governments at all levels to wake up to their responsibility and take urgent and decisive action to end this madness once and for all,” he said.
The former presidential candidate said the government should focus on preventing attacks rather than merely responding after lives had been lost.
“We cannot keep counting bodies after every attack. We must prevent these attacks before they happen,” he said.
Obi stressed that the protection of lives and property remained the fundamental responsibility of government.
“Protecting lives and property is the most basic duty of government. Nigerians deserve nothing less,” he said.
He concluded by warning against allowing the deteriorating security situation to become normalised, declaring: “Nigeria must not become a killing field.”
News
NDLEA arrests 101-year-old woman for selling cannabis in Ogun
….Lagos-based daughter who supplies the drug arrested
A 101-year-old woman, Esther Ogunmabo, has been arrested by officers of the National Drug Law Enforcement Agency (NDLEA) for allegedly selling cannabis in Ilisan, Ogun State.
The centenarian was arrested on Saturday, August 15, 2026, with 90 grammes of skunk, a form of cannabis, which was reportedly packaged in small quantities for sale.
NDLEA spokesman, Femi Babafemi, disclosed that the supect, Ogunmabo admitted that she sold the substance to people in the community.
Babafemi said the suspect told investigators that she became involved in the illicit trade after a fire destroyed her provisions store.
The agency spokesman added that the woman claimed one of her daughters, based in Lagos, was responsible for supplying her with the cannabis at regular intervals.

“She said one of her daughters, who resides in Lagos, arranges the supply of the substance to her every four days, which she in turn sold in bits,” the NDLEA spokesman said.
The arrest was listed among the agency’s recent operations against drug trafficking and illicit drug activities across the country.
Following her arrest, NDLEA Chairman, Brig. Gen. Buba Marwa (retd.), directed that the elderly suspect be granted bail and referred for counselling because of her age.
The agency also disclosed that the daughter allegedly linked to the supply of the cannabis had been arrested.
The NDLEA said its latest operations also recorded other interceptions and arrests at different locations, including the country’s land and maritime borders.
The agency has continued to intensify its campaign against the cultivation, distribution and sale of illicit drugs across the country.
News
Terrorists abduct many worshippers from Niger Central Mosque
A yet-to-be-ascertained number of worshippers have been abducted from the Central Mosque in Dekara town, Borgu Local Government Area of Niger State.
Reports said the victims were kidnapped from worship place when terrorists, in a large number, struck while Jumu’at prayer was ongoing.
According to some sources, the terrorists shot sporadically before assembling some of the worshippers and leading them out of the mosque into the forest.
One of the residents, who spoke on condition of anonymity, told our correspondent by telephone that Borgu LGA recorded various incidents of insecurity, on Friday.
“So many things have happened in Borgu LGA today. Terrorists attacked three communities, including Dekara. In Dekara, they went to the Central Mosque while Jumu’at prayer was ongoing and kidnapped more than 60 people. But they did not injure anybody,” the resident said.

When contacted, the spokesperson for the Niger State Police Command, SP Wasiu Abiodun, said he would verify the information and revert, but he had not done so as of the time of filing this report. (Daily Trust)
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