Economy
COCSON, BAVCCA condemn politically-engineered protests against ex-NNPCL boss Kyari

Coalition Of Civil Society Organisations In Nigeria (COCSON) and Bloggers and Vloggers, Content Creators Association (BAVCCA) have warned against politically engineered protests against the immediate past Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari, who “served the nation faithfully.”
In a statement jointly signed by COCSON’s National Mobilisation Officer Comrade Ibrahim Danfulani and BAVCCA’s Spokesperson Efe John Abayomi, the two groups urged President Bola Tinubu to overlook undue distraction from enemies of his administration while rejecting a calculated attempt to malign the person and office Kyari hitherto held concerning the $2 billion crude-for-loan deal.
COCSON and BAVCCA chided agents of mischief and fake news merchants over baseless media attacks on the former NNPCL GCEO while urging anyone with genuine proof of Kyari’s wrongdoing while in office to present it through proper legal channels and not through sponsored headlines and mob protests.
The groups maintained that Kyari has done everything a true patriotic and honest leader can do. In a very difficult economic crisis and Part of the solution to Nigeria’s foreign exchange challenge, a puzzle that nearly crumbled the economy.
The statement read in part:
“We will not sit back and watch a reformer be sacrificed on the altar of politics. We call on our progressive President Bola Ahmed Tinubu to remain steadfast and not allow these desperate tactics to distract his government from the broader goal of sanitizing the petroleum sector.
“If anyone has genuine proof of wrongdoing, let them present it through proper legal channels — not through sponsored headlines and mob protests.
“Mele Kyari has done everything a true patriotic and honest leader can do. In a very difficult economic crisis, He stood for the greater good of all Nigerians instead of a few cabals. He has been Part of the solution to Nigeria’s foreign exchange challenge, a puzzle that nearly crumbled the economy.
“Let us be clear: this is not a scandal — it is a structured misrepresentation of a standard commercial transaction that predates this administration and has been carefully supervised under the regulatory and sovereign structures of the Federal Government of Nigeria.
THE TRUTH THEY WON’T TELL YOU:
“The $3.3 Billion Crude-Backed Loan Was a Sovereign Deal: This transaction, executed in collaboration with Afreximbank and backed by the Federal Government, was designed to stabilize Nigeria’s foreign exchange reserves and provide a buffer against economic shocks — not to “mortgage Nigeria’s future” as ignorantly portrayed by politically motivated street protesters hired by ungrateful elements working against the progressive leadership of President Bola Ahmed Tinubu.
“Kyari Was Not Acting Alone: Every stage of the crude-for-loan framework was vetted by relevant agencies — including the Ministry of Finance, Debt Management Office, and the Attorney General’s Office. Kyari was executing national policy, not personal ambition.
“No Missing Crude, No Diversion of Funds: There is zero evidence of crude diversion, missing shipments, or financial misappropriation. All proceeds and repayment schedules are transparent, documented, and auditable. Anyone who has a valid case should first present proof of his claims instead of taking Nigerians’ collective sense of judgment for a ride.
“Kyari Has Been Nigeria’s Most Transparent NNPC Boss in Decades: Under Kyari’s leadership, NNPC was transitioned into a commercially-run, limited liability company. For the first time in NNPC’s history, its books are published, audited, and made public. That’s not corruption — that’s reform.
“The Protest Is Politically Engineered: We have credible information that certain vested interests, threatened by the sanitization of the oil sector, are sponsoring protests and media hysteria to derail reforms and force Kyari out.”
Coalition Of Civil Society Organisations In Nigeria (COCSON) and Bloggers and Vloggers, Content Creators Association (BAVCCA) have warned against politically engineered protests against the immediate past Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari, who “served the nation faithfully.”
In a statement jointly signed by COCSON’s National Mobilisation Officer Comrade Ibrahim Danfulani and BAVCCA’s Spokesperson Efe John Abayomi, the two groups urged President Bola Tinubu to overlook undue distraction from enemies of his administration while rejecting a calculated attempt to malign the person and office Kyari hitherto held concerning the $2 billion crude-for-loan deal.
COCSON and BAVCCA chided agents of mischief and fake news merchants over baseless media attacks on the former NNPCL GCEO while urging anyone with genuine proof of Kyari’s wrongdoing while in office to present it through proper legal channels and not through sponsored headlines and mob protests.
The groups maintained that Kyari has done everything a true patriotic and honest leader can do. In a very difficult economic crisis and Part of the solution to Nigeria’s foreign exchange challenge, a puzzle that nearly crumbled the economy.
The statement read in part:
“We will not sit back and watch a reformer be sacrificed on the altar of politics. We call on our progressive President Bola Ahmed Tinubu to remain steadfast and not allow these desperate tactics to distract his government from the broader goal of sanitizing the petroleum sector.
“If anyone has genuine proof of wrongdoing, let them present it through proper legal channels — not through sponsored headlines and mob protests.
“Mele Kyari has done everything a true patriotic and honest leader can do. In a very difficult economic crisis, He stood for the greater good of all Nigerians instead of a few cabals. He has been Part of the solution to Nigeria’s foreign exchange challenge, a puzzle that nearly crumbled the economy.
“Let us be clear: this is not a scandal — it is a structured misrepresentation of a standard commercial transaction that predates this administration and has been carefully supervised under the regulatory and sovereign structures of the Federal Government of Nigeria.
THE TRUTH THEY WON’T TELL YOU:
“The $3.3 Billion Crude-Backed Loan Was a Sovereign Deal: This transaction, executed in collaboration with Afreximbank and backed by the Federal Government, was designed to stabilize Nigeria’s foreign exchange reserves and provide a buffer against economic shocks — not to “mortgage Nigeria’s future” as ignorantly portrayed by politically motivated street protesters hired by ungrateful elements working against the progressive leadership of President Bola Ahmed Tinubu.
“Kyari Was Not Acting Alone: Every stage of the crude-for-loan framework was vetted by relevant agencies — including the Ministry of Finance, Debt Management Office, and the Attorney General’s Office. Kyari was executing national policy, not personal ambition.
“No Missing Crude, No Diversion of Funds: There is zero evidence of crude diversion, missing shipments, or financial misappropriation. All proceeds and repayment schedules are transparent, documented, and auditable. Anyone who has a valid case should first present proof of his claims instead of taking Nigerians’ collective sense of judgment for a ride.
“Kyari Has Been Nigeria’s Most Transparent NNPC Boss in Decades: Under Kyari’s leadership, NNPC was transitioned into a commercially-run, limited liability company. For the first time in NNPC’s history, its books are published, audited, and made public. That’s not corruption — that’s reform.
“The Protest Is Politically Engineered: We have credible information that certain vested interests, threatened by the sanitization of the oil sector, are sponsoring protests and media hysteria to derail reforms and force Kyari out.”
Economy
Nigerians to Pay More for Petrol as Fuel Prices Rise Nationwide

By: Fabian Apechihin
Nigerians are facing yet another spike in fuel prices as premium motor spirit (petrol) now sells for between ₦905 and ₦945 per litre across several filling stations in Abuja.
Checks on Monday, October 6, 2025, revealed that Nigerian National Petroleum Company Limited (NNPCL) retail outlets, along with Empire, AA Rano, and Shema filling stations, adjusted their pump prices upwards. Empire Filling Station in Gwarimpa reportedly sold petrol at the highest rate of ₦945 per litre.
Other stations, including MRS, Emedeb, Ranoil, and Eterna, dispensed petrol between ₦885 and ₦910 per litre.
Marketers Blame PENGASSAN Strike for Price Surge
The Independent Petroleum Marketers Association of Nigeria (IPMAN) attributed the sudden hike to disruptions caused by last week’s strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
IPMAN President, Abubakar Maigandi, explained that the price increase was largely due to supply interruptions. He noted that stations receiving supplies from Dangote Refinery were still selling between ₦885 and ₦895 per litre, adding that prices were expected to stabilize soon.
“The feud between Dangote Refinery and PENGASSAN may have triggered panic buying and artificial scarcity. I can assure you that prices will drop and return to normal in the coming days,” Maigandi said.
IPMAN spokesperson Chinedu Ukadike also confirmed that the PENGASSAN strike caused temporary shortages in Lagos and Abuja but expressed optimism that availability would improve as supply chains normalize.
Depot Prices Edge Up
Depot prices have reportedly risen slightly, with Dangote Refinery selling petrol at ₦844 per litre, Ranoil and Aiteo at ₦845, and NIPCO at ₦850 in Lagos.
The fuel price increase comes just days after Dangote Refinery and PENGASSAN resolved their dispute over the alleged mass dismissal of Nigerian workers, which led to a two-day strike. Federal Government intervention helped broker peace between both parties.
Dangote Refinery later thanked President Bola Ahmed Tinubu and other mediators for their role in ending the strike.
Shettima, PENGASSAN Trade Words
Meanwhile, Vice President Kashim Shettima, speaking at the 31st Nigerian Economic Summit (NES31) on Monday, criticized PENGASSAN, declaring that “Nigeria is bigger than the union.”
In response, PENGASSAN President Festus Osifo countered, saying the country is also “bigger than Dangote Refinery and the presidency,” emphasizing the union’s commitment to protecting Nigerian workers’ rights.
Economy
Tourism wearing a new face in Kwara: Commissioner

- Urges Kwarans, foreigners to embrace it Stephen Olufemi Oni, Ilorin
Kwara State Government has continued to showcase the beauty of culture and traditional assets and its uniqueness in the daily lives of the citizens, urging the people to embrace it for development.
The State Commissioner for Communications, Hon. Bolanle Olukoju, had earlier in a broadcast, enjoined the people of the State, at home and in the diaspora, to embrace tourism as a tool for developmental progress to sustain transformational growth in line with the policy thrust of Mallam AbdulRahman AbdulRazaq’s-led administration.
The Commissioner made the call to mark the 2025 World Tourism day with the theme, ‘Tourism and Sustainable Transformation’, as declared by the United Nation’s World Tourism Organization(UNWTO).
According to Olukoju, tourism is more than travel, it is actually a way of supporting people, culture, and the environment while driving economic growth, urging all and sundry to explore the various tourist sites around them.
“Tourism is not just travel, it is about building a future where every journey contributes to people, culture and planet, it is about hospitality that opens our heart and also helps to preserve our heritage and create opportunities for growth and development”, She said.
The Commissioner, who was delighted that the Ilorin Emirate Durbar was recently ranked among the top ten festivals in Nigeria, celebrated Hajia Faridah Shagaya, who was recognised among Africa’s top tourism personalities, describing the recognitions as sources of pride for the state.
She commended the administration of Governor AbdulRazaq for investing in tourism and hospitality, citing projects such as the Visual Arts Centre, Flower Garden, and Sugar Factory Film Studios, among others, as commendable efforts.
She also announced that this year’s celebration includes a roundtable with stakeholders to advance discussions on the future of tourism in Kwara State.
“Tourism is wearing a new face, from the Sugar Factory Film Studio, the Visual Arts Centre and the improved road network to Owu Waterfalls and many more which are evident of his work and is gradually opening Kwara to the World”, she added.
The Commissioner, who was represented at the event by the Director, Personnel, Finance and Supply, Hajia Salamat Yahaya, assured that tourism will continue to receive priority attention under the present administration and urged all stakeholders to support the ongoing efforts to make Kwara a leading destination for culture, heritage, and hospitality.
In her remarks, the Secretary, kwara State Hospitality and Tourism Development Board, Hajia Ramat Akanni, applauded the present administration for priority attention given to the Board.
Hajia Akanni expressed optimism towards an enviable tourism and hospitality driven state, which she assured, would attract prospective investors and enhance revenue generation for the state.
She sought support and utmost compliance from hoteliers and relevant stakeholders to achieve the desired goals, pointing out that violators will face the full wrath of the law.
Relevant stakeholders and participants at the one-day event later visited Sobi Hills and the Kwara Sugar Film Factory as part of activities marking the celebration.
End
Economy
FAAN Rolls Out Cashless Payment System at Lagos, Abuja Airports

By: Fabian Apechihin
The Federal Airports Authority of Nigeria (FAAN) has introduced a new contactless and cashless payment system, tagged Operation Go Cashless, in partnership with Paystack.
In a statement on Thursday, FAAN announced that the initiative will take effect from September 29, 2025, at Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport, Abuja.
“Effective September 29, 2025, all payments at FAAN revenue points, including airport access gates, car parks, and FAAN VIP and protocol lounges, will go cashless. This means we will be phasing out cash collection at these points,” the statement read.
According to FAAN, the new system will provide travellers and airport users with faster, more seamless services through a secure, contactless platform. The agency explained that the shift responds to rising demand for modern, transparent payment methods and aligns Nigeria’s airports with global digital standards.
FAAN added that reducing cash handling will enhance efficiency, strengthen revenue assurance, and improve customer experience. It also noted that the cashless policy will be gradually extended to other airports nationwide.
Do you want me to make this version more concise for a press release headline or keep it as a detailed report?
-
Uncategorized5 years ago
FG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines10 years ago
Breaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News11 years ago
Nigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News9 years ago
How 21-year-old Girl fled community over accusation of lesbianism
-
News10 years ago
Yobe Gov Moves Against Deputy
-
Opinion6 years ago
7 signs she has friend zoned you
-
Technology4 years ago
Online job placement company headhunts women
-
Headlines9 years ago
Borno Dep Gov Abducts Another Church Leader