The convention is meant to elect new national officers to steer the affairs of the party.

Recall that Sule Lamido, a former Jigawa state governor, had, in an ex-parte motion moved by his lawyer, Jephthah Njikonye, SAN, prayed the court for an interim order stopping the planned convention, pending the hearing and determination of the motion on notice.
Justice Lifu, in a ruling on Tuesday, held that the application of the plaintiff has merit and succeeds.

Consequently, the judge restrained the PDP from convening its planned National Convention scheduled for November 15 and 16 in Ibadan, the Oyo state capital pending the hearing and determination of the substantive suit.

The court also restrained the Independent National Electoral Commission (INEC) from monitoring and recognizing the November 15 and 16 national conventions scheduled to hold on 15 and 16 in Ibadan, Oyo state pending the hearing of the substantive suit filed by the plaintiff, which is pending before the court.

Justice Lifu said the plaintiff, who is a bonafide member of the party and has interest in the position of the national chairman of the party will suffer more if the prayers contained in the motion are not granted by the court.

The Justice said he has no reason to digress from the decision of Justice James Omotosho, also a judge of the Federal High Court, Abuja delivered on October 31, 2025, which halted the PDP’s national convention and restrained INEC from monitoring and recognizing the convention.

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This is contained in a statement signed by Olufemi Soneye, Chief Corporate Communications Officer, that in filling stations monitored across several states, including Lagos and the FCT, the queues had since thinned out, a development that will keep improving daily in other states.

“The Company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency,” the statement said.

“The NNPC Ltd is also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives to address hoarding and other unwholesome practices.”

The post Again, NNPC Ltd Cautions Against Panic Buying  appeared first on Business Today NG.

This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago.

The price change of N940 applies to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above.

Speaking on the new development, the Head of Communication, Mr Anthony Chiejina, explained that the new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria.

“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates.”

He further stated that the partnership will be extended to other major oil marketers. “The essence of this is to ensure that retail buyers do not buy at exorbitant prices.

“The Dangote Group is committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce this new prices and hope that it would go a long way to cushion the effect of economic challenges in the country.

It would be recalled that the management of Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 Naira per litre barely two weeks ago.

This marks the third major reduction in diesel price in less than three weeks when the product sold at N1,700 to N1,200 and also a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.

Nigerian President Bola Tinubu had also commended Mr Dangote for the initial price reduction, describing it as an “enterprising feat.”

Reacting to the latest development, the Director General of the Manufacturers Association of Nigeria (MAN), Mr. Ajayi Kadiri, said that “The decision of Dangote Refinery to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy.”

He added that “The trickledown effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity.

“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation.”

NAN

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