NEWS
Spike in Petrol Price Moves NLC to Demands Emergency Palliatives
The recent upward swing in the pump prices of refined petroleum products in Nigeria, has compelled the organised labour to demand for urgent palliatives, including wage awards, improved crude supplies to refineries and payment for the same in naira.
The Nigeria Labour Congress (NLC) in a statement on Wednesday, under the signature of its President, Joe Ajaero, pointed out that petrol now sells for about ₦1,430 per litre in major cities, with prices reportedly higher in less accessible locations.
It therefore urged the Federal Government to urgently introduce measures to cushion the impact, including the payment of reasonable wage awards to workers and the sale of crude oil to local refineries in naira.
The labour centre warned that the rising cost of petrol would further worsen the economic hardship facing Nigerians, noting that increases in transportation costs typically trigger higher prices of food, rent, school fees and other essential goods and services.
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The statement, titled “Save the Situation Now,” said the latest increase came at a time when government pressure on oil marketers to reduce pump prices in response to lower international crude prices was beginning to produce results.
According to the NLC, the latest surge has been linked to the resurgence of conflict in the Gulf, but Nigeria’s status as an oil-producing country means it should be able to provide some protection against international oil market shocks.
It said, “As a nation, and as a people endowed with enormous fossil resources, we are deserving of a certain level of protection or buffer against the gales from the Gulf, and indeed, other gales.”
The NLC urged the Federal Government to immediately introduce measures to shield households and businesses from the impact of the higher fuel prices.
It specifically called for reasonable wage awards for workers, sufficient crude oil sales in naira to local refineries and an expansion of the country’s national petroleum storage capacity to strengthen energy security and prepare for emergencies.
The labour union said the measures would not only ease the burden on Nigerians but also create jobs, generate economic value and help address emerging security challenges.
It also argued that government intervention, including subsidies, should not be ruled out in an emergency.
“There is nothing wrong with the government subsidising the needs of citizens, especially in emergency situations like this,” Ajaero said, adding that oil-producing countries were introducing different forms of intervention or palliatives to protect their citizens from the effects of the current global energy crisis.
The NLC further said the Federal Government had benefited from higher international crude prices, claiming that crude was currently selling about $35 to $40 per barrel above the benchmark used in the national budget.
It argued that the additional revenue should be regarded as a windfall that could provide fiscal space for interventions aimed at protecting citizens from the rising cost of living.
The union also raised concerns over the reported importation of crude by some local refineries, describing the development as contrary to the objective of developing domestic refining capacity.
“On a long-term basis, we are equally concerned that local refineries are importing crude. This is unreasonable and unacceptable and defeats the logic and purpose of local capacity,” the statement said.
The latest petrol price increase comes amid Nigeria’s broader transition to a deregulated downstream petroleum sector following the removal of the petrol subsidy in May 2023.
The policy has exposed domestic fuel prices more directly to changes in crude oil prices, foreign exchange costs, logistics and other market factors. The government and oil-sector regulators have subsequently introduced measures aimed at increasing domestic refining and reducing Nigeria’s dependence on imported petroleum products.
The commissioning and ramp-up of large-scale private refining capacity, alongside the rehabilitation of government-owned refineries, have also been central to the Federal Government’s strategy for improving domestic fuel supply and reducing exposure to international market volatility.
However, fluctuations in crude prices, exchange rates and supply-chain costs continue to influence pump prices and transportation expenses, with implications for household purchasing power and inflation.
The NLC said the government needed to act quickly rather than allow the burden to fall entirely on workers and other citizens.
Ajaero said the Federal Government, which he noted was seeking re-election in the coming months, “cannot afford to stand and watch marketers inflict suffering on the citizenry in the name of deregulation.”
“Labour has an obligation to speak out or act accordingly,” he added.
NEWS
‘NYSC Has Outlived Its Usefulness, Should Be Scrapped’ — Shehu Muhammad
Rights activist and public affairs analyst, Shehu Mohammed, has called for the scrapping of the National Youth Service Corps (NYSC), saying the scheme has outlived its usefulness amid growing security concerns across the country.
Shehu made the call on Wednesday during an interview on Channels Television’s The Morning Brief, while reacting to the kidnapping of prospective corps members travelling to orientation camps in Akwa Ibom and Anambra states.
He described the incident as “one incident too many,” noting that kidnapping, maiming and the detention of victims in kidnappers’ camps had become frequent in several parts of the country.
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“I think it is just a case of one incident too many. There are more unreported cases of kidnapping and maiming and detention in kidnappers’ den, almost all over the country, especially in the northern part of the country: the Middle North West, North East, and North Central. It’s a daily, daily happening,” Sani said.
He said the security situation had made him question the continued relevance of the NYSC scheme, which was established to promote national unity.
“When Bukola was saying that she objects to the scrapping of NYSC, I tend to take a different view. My view is that the entire NYSC was meant to unite Nigeria, but if in uniting Nigeria you lose your daughter, you lose your son, you lose your uncle, you lose your sister, you lose your neighbour, then it’s not worth the trouble,” he said.
Shehu argued that corps members should instead be allowed to serve in their respective states, eliminating the need for young Nigerians to travel long distances to orientation camps.
“This NYSC issue should be scrapped, removed from the constitution, allow each and every corps member to serve in his own state, traveling with all the dangers, with all the costs,” he said.
He also highlighted the financial burden placed on families when corps members are posted far from their home states.
“If a child is going from Katsina to Anambra State to report to the camp, minimum that you give him is three hundred thousand naira for transfer cost, three hundred. How many parents have three hundred thousand naira to give their wards?” Sani asked.
He said the financial burden was only one aspect of the problem, with corps members also facing security risks and possible trauma during interstate travel.
“Minus all the dangers, the consequences, the uncertainties, the traumas involved. If your child has to go through a trauma, through uncertainty, through pain, through kidnapping, through raping, eventually through killing, why do you have to go for NYSC?” he said.
“As far as I’m concerned, the NYSC project has outlived its usefulness. It should be scrapped.”
Shehu also warned that kidnapping in Nigeria was taking a new dimension, with criminal groups increasingly targeting vulnerable groups.
“Corps members are vulnerable groups. Travelers for commercial purposes all over the country are vulnerable groups. Therefore they are now going for soft targets,” he said.
According to him, kidnappers also use abductions to blackmail victims’ families and government authorities into paying ransom.
“The next one is blackmailing either the parents or blackmailing government to collect money,” he said.
Sani alleged that ransom payments were subsequently used to finance criminal activities.
“So they can finance their arm purchase. They can finance their purchase of hard drugs to enable them operate without pity and compassion, and to send permanent fear into the community,” he said.
He added that the kidnappers were using their activities to create fear within communities, despite being relatively few in number.
NEWS
NCDMB, Zeconia Global Train 50 on Digital Oilfield Operations
The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Zeconia Global Investment CO. Ltd, has successfully completed the Training on Digital Oilfield Operation & Data Analytics for 50 participants in Lagos State.
The 5-day intensive capacity-building program, which was held from September 28 to October 2, 2026 in Lagos, came to a successful close with participants equipped with cutting-edge digital skills for the oil and gas industry.
The training was designed to bridge the digital gap in the sector, exposing beneficiaries to practical knowledge on digital oilfield architecture, production optimization, real-time data monitoring, IoT applications, predictive analytics, and data-driven decision making in upstream operations.
READ ALSO: 40 Oil Blocks up for Grabs as NUPRC Opens 2026 Bid Round
At the closing ceremony, the Managing Director of Zeconia Global Investment Co. Ltd, Olawore Oladipupo, conducted the official handover to participants, applauding their commitment, active participation and eagerness to learn throughout the duration of the training.
He charged them to leverage the knowledge gained to add value to the industry and position themselves for emerging opportunities in the digital energy space.
Participants expressed profound appreciation to NCDMB and Zeconia Global for the life-changing opportunity, describing the training as impactful, practical and timely for the evolving global oil and gas landscape.
The programme once again demonstrates NCDMB’s unwavering commitment to human capital development, local content growth and strategic partnerships aimed at empowering Nigerians with relevant skills for the future of work.
NEWS
40 Oil Blocks up for Grabs as NUPRC Opens 2026 Bid Round
As the Nigerian government intensifies efforts to lure fresh investment into the upstream sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has unveiled 40 oil blocks for the 2026 licensing round.
The blocks, located across land, shallow water and deepwater terrains, will be open to investors with the technical competence, financial capacity and commitment to develop Nigeria’s petroleum resources.
The NUPRC Chief Executive, Oritsemeyiwa Eyesan, announced the licensing round during her closing remarks at the commission’s fifth anniversary celebration in Abuja on Tuesday.
READ ALSO: Middle East Push, G7’s Strategic Reserve Release Arrest Oil Prices
She disclosed that the exercise has the blessings of both President Bola Tinubu and the Minister of Petroleum Resources.
“Ladies and gentlemen, the wait is over. It is with great joy that I announce that pursuant to the approval of His Excellency, President Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria and Honourable Minister of Petroleum Resources, the Nigerian 2026 Licensing Round is hereby announced,” Eyesan said.
She said the round would offer 40 blocks across land, shallow water and deepwater terrains to investors with the requisite technical and financial capacity.
Eyesan said the 2026 bid round would introduce enhanced transparency measures, including mandatory disclosure of the beneficial owners of every bidder.
She added that the commission would provide greater disclosure of the evaluation methodology and results, stressing that transparency and predictability were essential to attracting upstream investment.
According to her, competition for upstream capital had become increasingly intense as investors now had multiple jurisdictions from which to choose.
“We will not rest on our oars. Competition for upstream capital is fierce, and it grows fiercer by the day. Investors have choices. They go where the rules are clear, where the process is predictable and where data can be trusted,” she said.





