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Transport Fares Rise, Fillings Stations Sell Petrol Above ₦200

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The cost of transportation is on the increase across the country following the hike in the pump price of Premium Motor Spirit, popularly called petrol, in fillings stations in states.

Motorists still besieged the few filling stations that dispensed PMS in Abuja and neighboring Nasarawa and Niger states on Tuesday, as many outlets in Nasarawa and other states sold the commodity at N200/liter and above.

This was in contrast to the Federal Government’s approved pump price of N162-N165/liter. In Abuja, black marketers freely sold petrol at N400/liter and above.

The National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, told one of our correspondents that the price of petrol in Port Harcourt, Rivers State, was above N200/liter in filling stations.

“The queues in Port Harcourt are clearing out and filling stations sell at N200 and above for a liter of petrol,” he said.

In Ilorin, Kwara State, the transportation situation grew worse on Tuesday, as petrol scarcity continued.

Many petrol stations locked their gates, as only a few outlets, such as Bovas and the NNPC  dispensed petrol to motorists at the approved price of N162/liter amidst long queues.

Findings showed that fuel was being sold at between N350 to N500/liter in some independent petrol stations.

As a result of the fuel scarcity, transport fares increased by more than 300 percent for both inter and intra-city transport.

In the Ilorin metropolis, commercial vehicles charged between N150 and N300 for short-distance trips, instead of the N50 that was previously charged.

Inter-city fares from Ilorin to Offa and Omu-Aran rose to between N800 to N1,500, instead of N300 and N800 as was previously charged.

In Ondo State, fuel was sold for N200 per liter at the black market level which thrived better late in the evening or at midnight.

During visits to some of the filling stations in Akure, the state capital, it was observed that the stations that dispensed petrol during the day, sold the commodity at the approved N165/liter price.

Meanwhile, the queues persisted in many filling stations as the scarcity of petrol continued on Tuesday.

In Enugu State, fuel was sold in a few stations owned by independent marketers between N200 and N220/liter, while major marketers sold the product for N165 and N189/liter.

One of our correspondents, who monitored the development in Enugu State metropolis, reported that only North-West and Mobil dispensed the product to motorists on Tuesday.

BIG STORY

NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

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NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

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BIG STORY

JUST IN: Customs Hands Over 21 Stolen Vehicles To Canadian Government

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The Nigerian Customs Service (NCS) has transferred 21 stolen “Sport Utility Vehicles” (SUVs) and other assorted vehicles to the Canadian Government, following their recovery from various locations across the country.

 

More to come…

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BIG STORY

Former Kogi Governor Yahaya Bello Now In Our Custody — EFCC

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The Economic and Financial Crimes Commission (EFCC) has revealed that former Kogi State governor, Yahaya Bello, has been detained in the agency’s custody for allegedly misappropriating over N110 billion in public funds.

The EFCC stated that the former governor appeared at its headquarters after months of ignoring invitations and avoiding court summons related to fraud connected to his administration.

EFCC spokesperson, Dele Oyewale, on Tuesday said that Bello had been detained and would be questioned about the allegations against him.

According to reports, Bello responded to the EFCC’s invitation on Tuesday, arriving at the EFCC office with his lawyers, but without his successor, Governor Usman Ododo, who had reportedly been shielding him from arrest.

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