1. Independent petroleum marketers on Monday pushed for the restoration of importation rights and projected that the pump price of Premium Motor Spirit, popularly called petrol, could fall below N800 per litre as the Federal Government intensified efforts to force down the cost of petrol.
The development came as the Federal Government met with major operators in the downstream petroleum sector, including representatives of the Dangote Petroleum Refinery, over what it described as the disconnect between falling global crude oil prices and the relatively high pump prices of petrol in the domestic market.
2. Former Borno State Governor and All Progressives Congress chieftain, Ali Modu Sheriff, has said Labour Party’s 2023 presidential candidate, Peter Obi, would not secure the support of Northern voters in the 2027 presidential election. Sheriff stated this on Monday during an appearance on Channels Television, where he also defended President Bola Tinubu’s handling of the country’s security challenges.
3. President Bola Tinubu on Monday directed the Federal Competition and Consumer Protection Commission, FCCPC to investigate major global technology companies and Generative Artificial Intelligence (AI) platforms over allegations of anti-competitive practices and the unlawful use of content belonging to Nigerian media organisations.
4. The Office of the Accountant-General of the Federation, OAGF, has disowned the claim that the disputed Presidential Foreign Intervention Promotion Council, PFIPC, opened an account with the Central Bank of Nigeria, CBN. While responding to claims made by Prince Adeniyi Adeyemi, the self-acclaimed Director-General of the PFIPC, the Presidency had said misled OAGF and opened a CBN account.
5. Chief of Staff to the President, Femi Gbajabiamila, has threatened a N10bn defamation suit against Prince Adeniyi Adeyemi over allegations linking him to murder, bribery and other criminal conduct. The letter, sighted by The PUNCH, is dated July 6, 2026, and was signed by ‘Kemi Pinheiro, SAN, for Pinheiro LP, lawyers of the Chief of Staff.
6. The Comptroller-General of the Nigeria Customs Service, NCS, Adewale Adeniyi, said yesterday the federal government has reduced the import tariffs on used vehicles from 15 per cent to five and on brand-new vehicles from 20 per cent to 10. Adeniyi spoke when he appeared before the House of Representatives Committee on Customs and Excise to defend the service’s 2026 budget proposal.
7. The Senate on Sunday said the proposed State Police Bill contains constitutional safeguards that would allow the federal police to intervene in cases of electoral intimidation, serious human rights violations and threats to national security, dismissing concerns that governors could abuse the proposed policing system for political purposes.
8. A Nigerian medical graduate, Nnani Adaobi Marian, has died from injuries she sustained during a Russian airstrike on the Ukrainian city of Kharkiv, days after doctors in Ukraine and Germany battled unsuccessfully to save her life. The death was announced on Monday in a statement published on the Facebook page of the Kharkiv National Medical University, where Marian studied medicine.
9. The Nigerian Electricity Regulatory Commission (NERC) has said Togo, Republic of Benin and Niger Republic failed to pay $12.66 million electricity bill in the First Quarter of 2026 Q1 2026. Of the $17.48million bill that was issued to them, the three international customers, remitted $4.84 million, being 27.57 per cent for the energy the electricity Generation Companies (GenCos) supplied them in the period under review. This was made known in the 2026 Q1 Report the commission issued yesterday.
10. United Bank for Africa Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board of Directors of UBA on August 21, 2026. The decision follows the completion of the 12-year tenure limit prescribed for non-executive directors of banks by the Central Bank of Nigeria.
