BREAKING: Federal government has reduced import levy on new vehicles 🚗 into Nigeria 🇳🇬 from 20% to 10% and that of used vehicles from 15% to 5% in order to ease cost of vehicle importation. The reduction takes effect today.
Why is petrol
Price still high ooo
A standard international barrel contains exactly 159 litres of liquid. [1, 2]
•Formula: \(\text{Crude Price per Barrel} \div 159\text{ Litres}\)
•Math: \(\$74 \div 159 = \mathbf{\$0.465\text{ per litre}}\) [1]
Step 2: Adding Refining Cost & Premiums
Raw crude must be refined into Premium Motor Spirit (PMS). Downstream models factor in a refining premium, operational margins, and port charges, typically adding around $10 to $12 per barrel (approx. $0.07 per litre). [1, 2]
•Formula: \(\text{Raw Crude Cost} + \text{Refining Margin}\)
•Math: \(\$0.465 + \$0.070 = \mathbf{\$0.535\text{ per litre}}\) (Wholesale Product Value)
Step 3: Foreign Exchange Conversion
Because petroleum is priced globally in US Dollars, the local cost is highly sensitive to the Naira exchange rate (currently averaging around ₦1,450/$). [1, 2]
•Formula: \(\text{Wholesale USD Price} \times \text{Exchange Rate}\)
•Math: \(\$0.535 \times ₦1,450 = \mathbf{₦776\text{ per litre}}\) (Ex-Refinery/Ex-Gantry Baseline)
Step 4: Downstream Distribution, Margins, and Taxes
To get the fuel from a facility like the Dangote Refinery to local filling stations, multiple local costs are layered on: [1, 2]
•NMDPRA Regulatory Levies: ₦5 – ₦10 per litre
•Transportation/Logistics (Nett): ₦30 – ₦50 per litre
•Marketer & Retailer Margins: ₦40 – ₦70 per litre
Even if you add 100 Naira and add trans port cost
It should be less than 1000
Caught At The Park In Benue!!!💥
The Fulani kidnappers came to Ihotu park to board a vehicle to Makurdi. There, they met a girl they had kidnapped and released after paying ransom.
They were even using a bag they collected from the girl. The girl raised the alarm, held one inside the vehicle, and two took to their heels, but were caught.
They had a Ghana-must-go bag at the back of the vehicle. ₦11M was discovered inside. The Ihotu park manager called soldiers, both soldiers and police came to rescue them.
The girl followed them to the station. The Benue State Governor called the commissioner that he's interested in this case. They've been moved to Makurdi. Tunde Segun
@Joseph_O_E@jon_d_doe Very correct sir... Unfortunately the insecurity level is worse than we think. We have too many unchecked bike men in our different locations that can easily be used.
This man is more intense with what is going on than most think. They have boarded the oil and don't want to sell at a loss most likely thinking the conflict will last much longer.
@ruffydfire It’s happening globally, but only if we have a president that cares about us that will speak up for us , Is Tinubu bigger than Trump ? Na only make them dey wish happy birthday then sabi
THE STORY OF “AGBARA NLA”
1987 - At the National Festival of Christian Drama (HARVEST 87) organized by Mount Zion Faith Ministries, at GOFAMINT- International Gospel Centre, Ojoo, Ibadan, drama leaders and Coordinators were gathered at separate meeting to share the vision with them of coming together with us to shoot the first Nigerian Christian movie.
The meeting was successful as we all rose from the meeting to strategize.
The Script was written and the Title was : “AGBARA TO JU AGBARA LO”.
We began series of meetings and Casting and rehearsals at OritaMefa Baptist Church, Total Garden Ibadan. And drama ministers majorly from church and campus drama groups were coming to the meetings from many cities and campuses, notably from UNILAG, UI, Ogun State University, College of Education, ILESA, etc, including many from Church drama Groups. .
Then, the film shooting began. The Cameraman was recommended for us and attended many meetings and rehearsals with us.
The Village Location was at APETE Village.
Then, after all our efforts and labours of many brethren from church and campuses, when the film shoot was completed, THE CAMERAMAN DISAPPEARED WITH THE TAPES.
All efforts to locate him proved abortive. So the vision was rested and it died.
1993. - When we had already made Five or six movies successfully, and we were more stable in ministry, the Holy Spirit brought up the matter of shooting the movie again. Now as a Television serial.
The Script was revisited and rewritten again.
We called on brethren and drama ministers gathered with us at BADEKU Village, Ibadan.
A FOURSQUARE Gospel Church Pastor gave us N5,000 to deposit for the Camera. And Rev Idowu Animashawun of World Hope Mission, BADEKU hosted us in the village all through the Muwonleru village Scenes
Bro Kayode Oyebode Oju Oluwa-Kay Technical was the Camera man and Technical Director of the 1993 TV Serial: AGBARA NLA
It was broadcast across the existing TV Channels of Western Nigeria in those days.
1994 - The Lord instructed us to go back on location and make the movie in English Language: ULTIMATE POWER. It was the English Version that spread across the Eastern and Northern Nigeria and beyond in 1994.
2025 - September/October we were on film location to do a Remake of this iconic production. 
Rewritten and Directed by DAMILOLA Mike -Bamiloye
Produced By: CHRIS ODEH
Jointly Sponsored by: Mount Zion Films, Sozo Films and Circuit-TV
Therefore the story of the production of AGBARA NLA had began since 1987.
Now it is time to appear on the Global Stage in the Name of the Lord. Amen.
#mikebamiloye
Dear @SenRemiTinubu, I have started roasted agbado business as instructed by you. I used my certificates to lit up the fire.
Do well to ensure bandits do not attack me on my way to farm, do well to ensure price of transportation doesn’t run me out of business. Lastly, while you and governor’s wives cruise in the exotic cars you shared, please stop by and buy my corn.
Do not migrate (japa) to the following countries on work visa:
1) Saudi Arabia 🇸🇦
2) United Arab Emirates 🇦🇪(UAE)
3) Qatar 🇶🇦
4) Kuwait 🇰🇼
5) Bahrain 🇧🇭
6) Oman 🇴🇲
Instead use that ₦5M to ₦10 (Study Route) to Japa to:
1) Austria 🇦🇹
2) Brazil 🇧🇷
3) China 🇨🇳
4) Russia 🇷🇺
5) France 🇫🇷
6) Portugal 🇵🇹
‼️Heed this advice 👍
Hopefully, they don't abuse the power.
States can now recruit & train their own police & have a different pay structure.
A state like Lagos can afford to even pay better than the federal police.
Now, you can blame your governors for insecurity. Tinubu can now relax abi?😂