News
Marketers Fleece Kerosene Consumers of N800m Daily

Marketers of petroleum products and their agents may have been extorting kerosene consumers an estimated N800m daily if official statistics are used as basis of demand, according to National Mirror.
The national daily gathered from the Nigerian National Petroleum Corporation (NNPC) that national daily consumption of kerosene currently stood at eight million litres. The official supply price to the market is N50 per litre.
However, users get the product at varying prices that range between N130 and N200 per litre, depending on their locations.
A market survey conducted in Lagos and its environs showed that major marketers, including Mobil Nigeria Plc, Conoil Nigeria Plc, MRS and Oando Nigeria Plc, did not have the product in their retail outlets.
Mr. Thomas Olawore, executive secretary, Major Oil Marketers Association of Nigeria (MOMAN), said that the major marketers did not sell the product because they did not have allocation from the NNPC.
He noted that the major marketers could not market the product because they did not have allocation.
Olawore lamented that marketers could not import because they were not permitted to make claim or seek reimbursement from the government.
“It is only the NNPC that can import kerosene because the Corporation has over the years been permitted to make claims from the Federal Government,” Olawore said.
He said it would not make any economic sense for marketers to import the product from the global market at a higher price to sell at lower price in the domestic market which the price is regulated by the government.
The survey showed that only small scale retailers had commercial stocks of the product for sale at exorbitant prices (between N130 and N200 per litre).
“We always have stocks to sell to our customers because we have people who bring it in tankers to deliver to us,” said one retailer at Mile 12, Lagos.
National Daily reported that the details of the present price regime could not be ascertained at the weekend as the Petroleum Products Pricing Regulatory Agency, PPPRA website had been shut for reconstruction.
According to National Daily, efforts to reach officials of the agency did not yield any result as calls made to their phones were not responded to.
Mr. Ohi Alegbe, general manager, Group Public Affairs Division of the NNPC, said the corporation had initiated a scheme aimed at cutting off the several layers of middlemen who made it difficult for the end user to enjoy the subsidy on the product.
He said this would be done through the ‘Kero Correct’ initiative, which the corporation claimed had commenced.
Mr. Frank Amego, executive director, Commercial, of the Pipeline and Products Marketing Company, PPMC, explained that the new initiative was aimed at getting kerosene to the masses at the right price.
He noted that the Nigerian masses had not been enjoying the subsidy because of the long arbitrage system involved in its distribution and retail, diversion of the product by marketers to the construction industry where it is used for blending bitumen.
Amego said this happened mainly because NNPC had no direct control over most of the marketers involved in the distribution and sales of the product.
According to him, the Kero Correct initiative is designed to distribute and sell kerosene directly to end users from NNPC retail mega and affiliate stations across the country at the government-regulated price of N50 per litre to ensure effective control.
He assured that PPMC had enough stock of kerosene and that machinery had been provided to ensure efficient distribution of the product from Lagos and Oghara to NNPC retail mega and affiliate stations nationwide.
Mr. Ufford Ibanga, general manager, NNPC Retail, assured that all of the 524 NNPC retail mega, floating mega and affiliate stations across the country had been keyed up for the Kero Correct scheme.
He explained that the volunteers were being brought into the project to help monitor discharge and sales of the product to serve as an independent feedback system aimed at promoting transparency and ensuring that the product gets to the desired end users.
The scheme will involve the distribution of 1,500 trucks of kerosene across NNPC retail’s mega and affiliate stations across the country to ensure that each consumer gets at least 25 litres of the product over the next three months.
News
Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt
Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.
GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.
Individuals owe N13.5 million to N35 million each.
Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.
More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.
Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.
Pedro urged prompt filings and payments.
News
Beware of Fake Cerelac Products – NAFDAC

National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.
It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.
NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).
Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.
NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.
It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.
According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.
“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.
“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.
The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.
It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.
NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.
It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.
The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.
News
NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.
Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.
“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.
Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.
“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.
He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.
“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.
During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.
Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.
“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.
The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.
In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.
Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.
The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.
E-Business2 days agoFG to Strengthen Cybersecurity Coordination as NDPC Probes Alleged Data Breach
Telecom2 days agoCompensation for Poor Service Quality is Automatic- NCC
E-Business2 days agoOffset Communications Slams N50m Suit against Qore Technologies for Alleged Copyright Infringement
General News2 days agoTinubu Approves N3.3 Trillion Payment Plan to Boost Power Supply
Telecom2 days agoFG Moves to Strengthen Cybersecurity Coordination as NDPC Probes Alleged Data Breach
News2 days agoBeware of Fake Cerelac Products – NAFDAC
General News2 days agoSERAP Sues CCB over Electoral Act, New Tax law
E-Business15 hours agoNigeria Cyberattacks: Stronger Collaboration as a Panacea

















