Economy
Badagry petroleum marketers urge FG to declare stand on pump price

The Association of Petroleum Marketers in Badagry, Lagos State, on Wednesday urged the federal government to declare its stand on pump price of petrol in the country.
Alhaji Abdul-Ganiyu Adelani, Chairman of the association, told our correspondant in Badagry that disparity in the price of loading at tank farms led to increase in the pump price of the product.
According to the chairman, while the filing stations of few major marketers are selling at N165, the independent marketers are selling between N190 and N200.
“Most of the major marketers are not having the products, making the motorists to queue up at filling stations of few independent marketers that are selling.
“If the government wants to increase the pump price of petroleum, they should announce it and make the product available so that marketers can get it.
“At the same time, if government is not increasing petrol price, they should make the product available so that filing stations will get it to sell.
“Throughout Badagry none of the filing stations of major marketers are selling petrol; it is only independent marketers’ filing stations that residents are buying from.
“The price is between N180 and N200 per litre,” he said.
our correspondant who went round filing stations in Badagry observed that queues had reduced as most of the filing stations were selling the product.
our correspondant also reports that petol is sold at N180 per litre at NNPC Mega Station in Itoga, Forte Oil and AP filing stations along Disu Joseph way, Badagry.
At Obinja filing station, God Decision and Ayomide filing stations, pump price is N190, while Royal Sunad and Jacos filing stations are selling at N200 per litre.
ourn correspondant reports that on Tuesday, the Federal Government said the fixed pump price of Premium Motor Spirit (PMS) remained N165 per litre as stipulated in the petroleum product pricing template.
This was made known by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian National Petroleum Company (NNPC) Ltd., and the Pipelines and Product Marketing Company (PPMC) after visiting jetties in Apapa, Lagos.
Mr Ugbugo Ukoha, Executive Director, Distribution Systems, Storage and Retail Infrastructure, NMDPRA, maintained that petrol was a regulated product and urged marketers to comply with the pricing template.
The depots visited by the top officials of the agencies were NIPCO Depot and TotalEnergies Depot.
our correspondant had reported on Monday that the Independent Petroleum Marketers Association of Nigeria (IPMAN) had advised its members to adjust the pump price of PMS to a minimum of N180 per litre.
The marketers had said the move was necessitated by the increment in the ex-depot price of PMS by some private depots where they were buying the product from.
Economy
Niger Delta Youth Turn down Calls for Protest against NDDC Management

The Niger Delta Youth Council (NDYC) Worldwide has rejected in strong terms, calls by the Coalition of Niger Delta Civil Society Organisations in conjunction with Ex-millitant Forum for a nationwide protest against leadership of Dr. Samuel Ubuku and Mr. Chiedu Ebie; Managing Director and Board Chairman of the Niger Delta Development Commission (NDDC) respectively.
The group in a letter addressed to President Bola Ahmed Tinubu accused the Managing Director of mismanagement, lopsided projects and contracts while calling for the sack of the Chairman of the Board whose appointment they claimed contravened the NDDC Act.
But the NDYC in a strongly worded rebuttal, signed by the trio of Engr.Jator Abido, Comr Collins Achakpekri and Engr. Beke Apere; National Coordinator, Director of International Relations, and Chairman Board of Trustees respectively, copies of which were made available to journalists in Abuja, debunking the allegations made against the NDDC management by persons they described as enemies of the region who want to slow the wheels of progress under the current NDDC leadership.
“It is utterly callous and blatant falsehood to cast the administration of Dr. Samuel Ubuku and Mr Chiedu Ebie in bad light simply because your selfish and parochial interests are not accommodated in the grand scheme of affairs at the Commission.
“For the records, those parading themselves as members of civil society organisations in the region and ex-agitators are ignorant of the challenges of the region and do not represent the true spirit of the Niger Delta. They’re an obscure bunch who are out to profit from the resources of the region without a genuine concern for its people.
“As true representatives of our people, we make bold to say that Dr. Samuel Ubuku remains the best NDDC Managing Director to have emerged since the creation of the Commission. He has carried everybody along in appointments and the distribution of projects. Anybody who feels otherwise is a saboteur and shouldn’t be taken seriously.
“It is also laughable that someone in their right thinking will question the appointment of a bona fide Niger Deltan into a Commision set up for the development of the region simply because the appointee does not come from a community that produces crude oil.
“This warped thinking doesn’t belong to the human specie and should be disregarded. Those who only seek to divide using parochial yardsticks and sentiments should not be dignified with a response. We, therefore, distance ourselves from such persons and want Nigerians to pay deaf ears to their rants”, the release stated.
The youth group finally vowed to resist attempt by sponsored goons to throw the region into needless crisis and pledged to mobilise their members across all the states that make up the region to stage a solidarity match for the NDDC management on the same day those opposed to the development of the region are planning their protest.
“As patriots and law abiding citizens who are desirous to see mass development in the Niger Delta region, we cannot fold our arms and watch a faceless few throw our region into crisis. We shall therefore mobilise in en masse to stage a solidarity match on the 27th of February to counter our enemies and tell the world the truth about our region”, the release concluded.
Banking
Wema Bank unveils 80th Anniversary Identity

In preparation for its 80th anniversary, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has unveiled the identity for its 80th anniversary celebration.
Set for Friday, May 2nd, 2025, this grand anniversary would serve as the hallmark of Wema Bank’s 80-year journey of unmatched resilience, profound impact and notable transformation from being Nigeria’s oldest indigenous bank to becoming Nigeria’s foremost and leading innovative bank.
Wema Bank’s impressive 80-year legacy has been one exemplified by immense growth, with the Bank evolving intelligently through the decades, embracing innovation to break new grounds and raising the standards of banking and financial services to provide an unparalleled experience for its customers and stakeholders, both internally and externally. Now on the cusp of its milestone celebration of 80 years, Wema Bank stands at its all-time strongest, proving to be a formidable force in the African financial services industry.
All eyes are peeled in anticipation of what Wema Bank will bring on in the coming weeks, as its 80th anniversary celebrations begin to unfold.
Economy
EPL: Chelsea’s Reece James Suffers Fresh Hamstring Injury

Chelsea captain Reece James has been ruled out of Saturday’s Premier League match against Leicester City due to a hamstring injury.
The setback comes just weeks after James returned to action in October, following an earlier injury that kept him out at the start of the season. Chelsea manager Enzo Maresca confirmed the news on Thursday, expressing hope that the issue won’t result in a long-term absence.
“Reece felt something minor in his hamstring, and we don’t want to take any chances this weekend,” Maresca said. “Hopefully, it’s nothing serious, but he’ll need to sit out while we assess further.”
James, 24, has struggled with injuries over the past two seasons, raising concerns about his fitness. Despite this, Maresca remains optimistic that the England international will eventually move past his injury struggles.
Chelsea’s injury woes extend beyond James, with doubts also surrounding the fitness of Romeo Lavia, Malo Gusto, Wesley Fofana, and Jadon Sancho. Cole Palmer and Levi Colwill recently withdrew from England duty due to fitness issues, further compounding the club’s challenges.
This weekend’s fixture marks Maresca’s return to Leicester City, a club he led to Championship promotion last season before joining Chelsea. Reflecting on his time at Leicester, Maresca described it as a “fantastic season” and expressed gratitude for the connections formed with players and staff.
Chelsea fans will be hoping for a swift recovery for James and other key players as the team looks to stabilize its campaign.
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