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Enugu Cooking Gas Sellers Record Sharp Drop in Sales as LPG Prices Hit ₦2,000 per Kilogramme

Households reduce gas purchases, with many turning to charcoal as marketers urge federal government intervention on rising costs

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Households reduce gas purchases, with many turning to charcoal as marketers urge federal government intervention on rising costs

Cooking gas retailers in Enugu State say they are witnessing a severe drop in sales following a dramatic increase in the price of Liquefied Petroleum Gas (LPG), forcing many households to cut their usage or switch to charcoal. The trend, which became more pronounced in recent months, has left traders struggling with shrinking profits and customers buying only minimal quantities.

Speaking with reporters on Tuesday, several sellers at Enugu’s major gas refill points revealed that many customers who previously bought five kilogrammes of gas now opt for just two kilogrammes or less. One retailer explained that he currently buys LPG at about ₦1,600 per kilogramme and sells at ₦1,850, barely making profit as he tries to keep prices within reach. “People no longer buy like before,” he lamented, adding that daily sales have dropped to a fraction of their previous levels.

The impact is also being felt among local charcoal dealers, who report increased patronage as families priced out of LPG return to solid fuels. A bag of charcoal now sells for between ₦8,000 and ₦8,500. While the price has remained relatively stable compared to gas, sellers note that transport costs from supply areas such as Eha-Amufu in Enugu State and parts of Benue and Kogi continue to erode margins.

Data from the National Bureau of Statistics (NBS) shows the average price of cooking gas has soared by 335 percent over the last decade—from ₦400 per kilogramme in 2016 to about ₦2,000 in 2026. The average cost for refilling a five-kilogramme cylinder rose from ₦7,655 in March to ₦8,706 by April alone—a 13.73 percent increase within one month. Despite Nigeria holding Africa’s largest proven gas reserves, industry analysts say more than 62 percent of the country’s output was exported during the first two months of 2026, leaving only 38 percent for local consumption.

The Nigerian Association of Liquefied Petroleum Gas Marketers and financial analysts have called on government to urgently introduce targeted subsidies or other relief measures at the supply level. They warn that unless action is taken soon, years of progress towards cleaner cooking fuels could be reversed permanently as more families abandon gas entirely. A secondary school teacher in Enugu said she now buys less than half her usual amount and fears she may soon have no choice but to stop using LPG altogether if prices do not come down.

Source: https://www.pulse.ng/story/enugu-cooking-gas-sellers-customers-buy-less-2026061814135053476

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Nigeria News (Standard)

Polaris Bank Denies Death Rumours After Lagos Branch Fire Incident

Bank management assures no casualties recorded during fire outbreak at Victoria Island branch on Thursday

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Bank management assures no casualties recorded during fire outbreak at Victoria Island branch on Thursday

Polaris Bank has debunked circulating rumours of fatalities following a fire outbreak at one of its branches in Victoria Island, Lagos, on Thursday. The incident, which occurred in the early hours, prompted immediate emergency response and raised concerns among customers and residents over the safety of staff and bank assets.

According to information provided by the bank’s management, the fire was quickly brought under control by fire service officials. The affected branch sustained property damage, but no lives were lost and all staff were safely evacuated from the premises. The bank did not specify the cause of the incident but stated that investigations are ongoing.

The incident comes amid heightened public concern over recent safety lapses in commercial establishments across Lagos State, especially within densely populated business districts like Victoria Island. Banking activities in the affected branch have been temporarily suspended while repair works commence and authorities complete their investigation.

Polaris Bank management, in a statement released after the incident, urged members of the public to disregard unverified reports suggesting any fatalities. “We want to assure our customers and stakeholders that no life was lost during this unfortunate event,” the bank said. Efforts are underway to restore full banking services at the location as soon as possible.

Customers are advised to use alternative Polaris Bank branches or digital banking platforms for their transactions while normal operations are being restored at Victoria Island. The Lagos State Fire Service is expected to release an official report on the incident in due course.

Source: https://www.premiumtimesng.com/business/business-news/888726-polaris-bank-debunks-death-reports-in-lagos-branch-fire-incident.html

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Nigeria News (Standard)

Ex-Senate President David Mark Presents ADC Flag to Bejide in Ekiti Ahead of Governorship Election

Former Senate leader urges party supporters to mobilise for Bejide as ADC intensifies campaign in South-West state

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Former Senate leader urges party supporters to mobilise for Bejide as ADC intensifies campaign in South-West state

Former Senate President David Mark has presented the Action Democratic Congress (ADC) flag to Wale Bejide, the party’s governorship candidate in Ekiti State, as part of efforts to rally support ahead of the upcoming election. The event took place in Ekiti on Thursday, marking a key moment in the ADC’s campaign push for the South-West state.

The flag presentation ceremony drew party faithful and supporters who gathered to witness Mark’s endorsement of Bejide as ADC’s standard-bearer. The former Senate president called on members and stakeholders to intensify mobilisation across all local government areas, stressing the importance of unity within the party ranks as election day approaches.

With Ekiti’s governorship election drawing closer, political parties have been stepping up their activities. The ADC hopes that Mark’s involvement will boost Bejide’s profile and energise the base, as the party seeks to challenge dominant players like the All Progressives Congress (APC) and Peoples Democratic Party (PDP) in the state. Historically, Ekiti elections have been tightly contested among major parties, making every endorsement significant for candidates outside APC and PDP.

Although Mark did not address specific policy issues at the event, his presence was seen by observers as a signal of growing support for Bejide within national opposition circles. Party leaders expressed optimism that increased grassroots engagement would improve their chances at the polls. The APC and PDP did not immediately respond to requests for comment regarding ADC’s mobilisation strategy.

As campaigns intensify, attention is now focused on how effectively each party can turn out voters across Ekiti State’s sixteen local government areas. Analysts say endorsements from high-profile figures may play a role in shaping public perception ahead of what is expected to be a keenly contested race.

Source: https://www.premiumtimesng.com/news/top-news/888711-ekitidecides-david-mark-presents-adc-flag-to-bejide-rallies-supporters-ahead-of-election.html

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Nigeria News (Standard)

Kaduna Appeal Court Dismisses Sha’aban’s Attempt to Stop Auction of Properties Over Loan Dispute

Judges uphold lower court order for auction to settle debt owed to Abdullahi; ex-lawmaker’s counsel cites missed timelines

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Judges uphold lower court order for auction to settle debt owed to Abdullahi; ex-lawmaker’s counsel cites missed timelines

The Court of Appeal sitting in Kaduna has rejected an application by former House of Representatives member, Hon. Sani Sha’aban, seeking to halt the auction of his properties following a loan dispute. The ruling was delivered on Tuesday, after Sha’aban’s legal team asked the appellate court to stay the execution of a Kaduna State High Court judgement ordering the sale of specific assets.

According to court proceedings, counsel to Sha’aban, Halima Fumilola Olodo, requested both a stay of execution and an extension of time to challenge the original judgement. She argued that her client should be allowed more time to repay the outstanding debt rather than have his assets auctioned immediately. The debt in question is owed to Alhaji Umar Faruk Abdullahi and stems from an alleged breach of a loan agreement.

The respondent’s counsel, Abdullahi Yahya (SAN), countered that Sha’aban had failed to comply with procedural rules governing appeal filings. Yahya also told the court that the appellant did not obey previous directives from the High Court regarding deadlines for repayment of the debt. He maintained that these failures made Sha’aban’s application unsustainable under Nigerian law.

After listening to both parties, the panel of justices upheld the position of Abdullahi’s counsel and ruled against granting a stay or extension. The judgement effectively clears the way for Abdullahi to proceed with auctioning Sha’aban’s properties in accordance with the earlier High Court order.

Legal analysts say this decision underscores the importance of adhering strictly to court procedures and timelines in debt recovery cases across Nigeria. The outcome could influence other ongoing property disputes involving high-profile individuals in Kaduna State and beyond.

Source: https://guardian.ng/news/nigeria/metro/appeal-court-rejects-shaabans-bid-to-halt-property-auction/

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