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Newspaper Headlines: Marketers may dump Dangote fuel as imported petrol costs N922/litre

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
January 27, 2025 7:00 am

Reports on the leadership crisis in the Lagos house of assembly and the death of 22 soldiers in Borno dominate the frontpages.

Oil marketers have revealed that the landing cost of petrol as of Friday was N922.65 per litre — a reduction of N32.35 from the N955 per litre offered at the loading gantry of the Dangote refinery, according to Punch. The newspaper says Omoluabi Progressives, a political group led by Rauf Aregbesola, former governor of Osun state, said its members have resolved to quit the All Progressives Congress (APC).
Daily Trust reports that 22 soldiers and members of the civilian JTF have been killed in an encounter with suspected Boko Haram terrorists on the border of Yobe and Borno states. The newspaper says the federal government and Sunrise Power await the decision of the International Chamber of Commerce (ICC) in Paris regarding the $2.3 billion arbitration case.
Vanguard reports that despite the over 30 percent depreciation of the naira, Nigerians increased spending on foreign education and health services by 26 percent to $2.3 billion in the first nine months of 2024. The newspaper says at least 25 persons died in an explosion that occurred at a mining site in Sabon Pegi, Mashegun LGA of Niger state.
Nigerian Tribune reports that there is outrage among aviation stakeholders after the contractor handling the second runway at the Nnamdi Azikiwe International Airport, Abuja reportedly demanded an increment in the contract sum from N90 billion to N532 billion. The newspaper says a coalition of 29 pan-Yoruba groups has rejected the planned introduction of Sharia law in the south-west geopolitical zone.
The Guardian reports that seven commercial banks have announced complete or interim results of their recapitalisation efforts, having pooled N1.32 trillion from rights issues and public offers. The newspaper says there is anxiety in Lagos following the return of Mudashiru Obasa, impeached speaker of the state’s assembly, to the country.

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