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Dangote Refinery Reduces Petrol Price to N860 Per Litre in Lagos

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The management of Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N890 to N825 per litre, effective from February 27, 2025.

The slash in price by N65.00 was announced in a statement on Wednesday by the refinery.

According to the statement, buyers in Lagos would purchase fuel at N860 per litre at MRS outlets under the new arrangement.

“For MRS Holdings stations, it will sell for N860 per litre in Lagos, N870 per litre in the South-West, N880 per litre in the North, and N890 per litre in the South-South and South-East respectively,” the management said.

“The same product will also be available at the following prices in AP (Ardova Petroleum) and Heyden stations: ₦865 per litre in Lagos, ₦875 per litre in the South-West, ₦885 per litre in the North, and ₦895 per litre in the South-South and South-East.”

The company assured the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand, as well as a surplus for export to enhance the country’s foreign exchange earnings.

It urged marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.

To the refinery, the price adjustment is designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season and also support the economic recovery policy of President Bola Ahmed Tinubu by alleviating the financial burden on the Nigerian populace.

Africa’s richest man Dangote has severally reduced the prices of petrol and other refined petroleum products.

The latest move is the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.

In December 2024, during the yuletide period, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season.

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ADC Tells Tinubu to Resign As World Bank Reveals 139million Nigerians Live in Poverty

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The African Democratic Congress (ADC) on Saturday asked President Bola Ahmed Tinubu to resign rather than seek re-election, asserting that the World Bank’s recent report showing that 139 million Nigerians live below the poverty line is his scorecard.

The ADC, in a statement by its spokesperson, Bolaji Abdullahi, said the World Bank’s report, which also estimated that 17 million Nigerians are at risk of starvation, was “disturbing.”

“The evidence of 139 million people living in poverty and 17 million at risk of starvation is President Tinubu’s scorecard,” the party said. “On account of this catastrophic failure alone, President Tinubu should be contemplating resigning from office rather than seeking re-election.”

It decried that the “catastrophic” situation was occasioned by the Tinubu administration’s policies, which it said, “have favoured money over people and statistics over survival.”

The opposition party maintained that the economic growth Mr Tinubu’s government has repeatedly boasted of as a result of its economic reforms is “meaningless” if the livelihoods of people at the grassroots have yet to improve since 2023, when he assumed office.

“Instead of changing course, the government has stubbornly stuck with its ruinous economic policies and even continues to market recklessness as courage and wickedness as ‘necessary pains.’

“However, three years down the line, it is now clear that the chicken has come home to roost,” the ADC said.

According to the party, Nigeria desperately needs a leader who truly cares about citizens’ well-being and understands that economic reforms should improve citizens’ lives, not worsen their misery.

“A president whose government is not openly feasting while asking the people to continue fasting. A government that does not wallow in profligacy while handing the people palliatives,” it added.

The party condemned the ruling APC’s social intervention programmes aimed at cushioning the effects of its economic policies, adding, “Poverty cannot be defeated through palliatives.”

The ADC pledged that if elected in 2027, it would tackle the root causes of hunger by reducing energy costs, enhancing food production, and ensuring that farmers returned to their farmlands.

It also vowed to rehabilitate the 264 abandoned dams, improve access to fertilisers and quality seeds, and invest in storage facilities.

According to the party, transportation, waste, and food prices would be reduced while creating productive jobs.

“Hunger cannot be separated from poverty, education, or healthcare. That is why an ADC government will prioritise nutrition, primary healthcare, quality basic education, and skills development because no nation can build a prosperous economy while millions of its children are hungry, out of school, or cannot read simple texts,” the party said.

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Dominican University Hails Peter Obi on 65th Birthday

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The Dominican University, Ibadan, has paid glowing tribute to its Pro-Chancellor and former Governor of Anambra State, Mr. Peter Obi, on his 65th birthday, describing him as a visionary leader whose commitment to education, youth development and national progress continues to inspire generations of Nigerians.

In a goodwill message issued on Sunday, the Vice-Chancellor of the university, Prof. Jacinta Opara, lauded Obi’s enduring passion for quality education, noting that his consistent investments in human capital and advocacy for educational excellence have strengthened institutions and offered hope to young people across the country.

According to Opara, Obi has, through his public service and private engagements, remained a steadfast champion of education, making it a cornerstone of his vision for national development.

She said his words, actions and unwavering support for learning had reinforced the conviction that education remains the most effective instrument for building a prosperous, inclusive and sustainable society.

The university also expressed appreciation for Obi’s contributions to the institution as Pro-Chancellor, describing his leadership, generosity and guidance as instrumental to its growth and development.

The statement noted that under his stewardship, Dominican University has continued to pursue academic excellence while remaining committed to its mission of producing morally upright and globally competitive graduates.

It read in part: “As a university founded a decade ago on the rich 800-year educational heritage of the Order of Preachers (Dominicans), we remain profoundly grateful for your visionary leadership, generous support and invaluable contributions as our Pro-Chancellor.”

The institution joined family members, associates and well-wishers in celebrating Obi’s milestone, praying for continued good health, wisdom, strength and divine guidance as he continues to advocate good governance, human dignity, hope and national development.

The message, signed by the Vice-Chancellor, reaffirmed the university’s pride in its association with Obi, whose dedication to education, integrity and selfless service, it said, continues to leave a lasting impact on the nation and inspire future generations.

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Spain Beat Argentina, Crowned 2026 FIFA World Cup Champions

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Spain have been crowned 2026 FIFA World Cup champions, defeating defending champions Argentina 1-0 after extra time in a tense and dramatic final at the New York New Jersey Stadium in East Rutherford, United States.

Ferran Torres emerged as Spain’s hero, scoring the decisive goal in the 106th minute after connecting with a fine move involving Nico Williams to finally break Argentina’s stubborn resistance.

The goal proved enough to hand Spain their second FIFA World Cup title, 16 years after lifting their first trophy in South Africa in 2010.

The final lived up to its billing as a clash between two football giants, pitting Lionel Messi’s Argentina against a youthful Spanish side inspired by teenage sensation Lamine Yamal

Spain dominated possession and created the better chances throughout the contest but were repeatedly denied by Argentina goalkeeper Emiliano Martínez, whose outstanding saves kept the match level during regulation time.

Argentina’s hopes suffered a major setback in stoppage time of the second half when midfielder Enzo Fernández was sent off after receiving a second yellow card, forcing the South Americans to play extra time with 10 men.

Spain eventually made their numerical advantage count as Torres found the breakthrough that settled the contest.

The victory capped a remarkable tournament for Spain, who defeated Austria, Portugal, Belgium and France on their way to the final before overcoming Argentina to reclaim football’s biggest prize.

Argentina, seeking a fourth World Cup title and back-to-back triumphs after their 2022 success, fell just short despite a determined defensive display.

Spain’s triumph cements the country’s return to the summit of world football and crowns an impressive generation of players led by coach Luis de la Fuente, whose side combined youthful flair with tactical discipline throughout the tournament.

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