• Oil marketers blame NNPCL for fuel scarcity
• Telecoms remind banks over ₦200 billion debt, says act is unforgivable
• Dollar rises to ₦1,105 in official market
• Organisations warn Tinubu of perilous consequences if Yusuf is sacked
• Court of Appeal rules Zamfara gubernatorial elections inconclusive

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss.

Oil marketers blame NNPCL for fuel scarcity

Oil marketers in Abuja, Niger, and Nasarawa States have all pointed fingers at the Nigerian National Petroleum Corporation Limited (NNPCL) for the reason behind the lengthy queues at filling stations.

However, the NNPCL has debunked such allegations, stating the primary reason for the current circumstances in these states, especially Abuja, is due to a “price war”.

“That is not true. The recent tightness in Abuja is essentially a price war typical of any competitive market. Motorists would instead queue at filling stations that offer lower prices than others.

“While NNPC retail is selling at ₦613/litre in Abuja, other marketers’ prices range from ₦625-₦650/litre,” the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, said.

Telecoms remind banks over ₦200 billion debt, says act is unforgivable

Telecommunication operators have lamented the massive sum of debt being owed to them by banks over using Unstructured Supplementary Service Data (USSD).

On behalf of the operating telecoms, the Association of Licensed Telecommunications Operators in Nigeria has revealed that it would not forgive banks over the debt.

“The banks owe us money; the debt is now over 200 billion. It won’t go away; no one will forget the debt if the money is not paid,” ALTON Chairman Gbenga Adebayo said in a meeting with the new Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission.

Dollar rises to ₦1,105 in official market

Naira records a new fall against the US Dollar as the exchange rate at the official market drops to ₦1,105/$.

According to reports, the depreciation of the Nigerian currency brought the official exchange rate in close touch with the parallel market rate.

While the dollar is sold within the range of ₦1,150 and ₦1,200 on the black market, the BDC operators are lamenting yet hopeful for a change in the country’s economic situation.

Organisations warn Tinubu of perilous consequences if Yusuf is sacked

Civil organisation groups have begun their opinions concerning the sacking of the governor of Kano State, Governor Abba Kabir Yusuf, claiming that if the president goes ahead with such a gesture, the country will inadvertently be thrown into turmoil.

According to a report by Leadership, civil organisation groups and some political leaders have appealed before the Nigerian president, pleading that he accepts the outcome of the March 2023 gubernatorial election for the safety and security of Kano State and Nigeria at large.

The Court of Appeal is set to announce its verdict on the sacking of Governor Abba Kabir Yusuf by the Tribunal Court, and the groups have appealed before the president to have such a judgement.

Court of Appeal rules Zamfara gubernatorial elections inconclusive

The Court of Appeal in Abuja has ruled the governorship election of Zamfara State null and void after naming PDP’s candidate, Dauda Lawal, as state governor.

After being provided with much evidence, the members of the court appeal believed strongly that the Independent National Electoral Commission (INEC) was not finalised in some polling units and local government areas.

Therefore, the incumbent governor has been dethroned as the court, led by Justice Cybil Nwakagbagi, ordered INEC to conduct a new election in the affected LGAs.