News
FCCPC Warns Fuel Marketers Over Alleged Price Exploitation Amid Falling Crude Oil Prices
By Rukevwe Odeh
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a warning to petroleum refiners, depot operators, marketers, and fuel station owners, stating that they could face sanctions if found guilty of exploiting consumers in Nigeria’s downstream oil sector.
The commission said it is currently monitoring the market and reviewing pricing trends, noting that recent reductions in petrol prices have not reflected the significant drop in global crude oil prices. It observed that while fuel prices increased quickly when crude oil prices rose, the same level of responsiveness has not been seen as prices decline.
FCCPC Executive Vice Chairman, Tunji Bello, explained that although the agency does not set petrol prices due to market deregulation, it is empowered under the Federal Competition and Consumer Protection Act to ensure fair competition and protect consumers from unfair business practices.
According to him, competitive markets should allow both price increases and reductions to be fairly reflected. He expressed concern that consumers are not benefiting enough from the recent fall in global oil prices.
He further noted that international crude prices have eased following improvements in global geopolitical tensions, yet petrol prices in Nigeria remain relatively high. While marketers increased pump prices during periods of global instability, current reductions have been only minimal despite improved market conditions.
The FCCPC also acknowledged that fuel pricing is influenced by several factors, including exchange rates, refining costs, logistics, transportation, and financing. However, it maintained that these factors should not prevent consumers from benefiting when global crude prices fall significantly.
The commission warned that it will not hesitate to take enforcement action against any operator found engaging in price manipulation, anti-competitive behaviour, or consumer exploitation. It also encouraged the public to report suspicious pricing practices through its official complaint channels.
Meanwhile, industry stakeholders argue that domestic fuel pricing is shaped by more than just crude oil movements, pointing to structural and operational costs within the sector.
News
A boat carrying nearly 270 people has capsized off northern Cyprus as a search and rescue operation is under way.
By: Miracle Orumor
A major search and rescue operation is under way off the coast of northern Cyprus after a boat carrying nearly 270 people capsized in the Mediterranean Sea.
The vessel was reportedly carrying 267 people, including 259 passengers and eight crew members, when it ran into trouble during its journey.
Emergency teams, including coastguard vessels, helicopters and Turkish rescue personnel, were deployed to the area as authorities launched a massive operation to save survivors and locate those still missing.
Several people have been rescued, while authorities continue searching the waters for other passengers. The exact number of casualties and missing persons remains unclear as the rescue operation continues.
The cause of the capsizing has not yet been officially confirmed, and authorities have launched an investigation into what led to the maritime disaster.
The incident has sparked growing concern among families of those on board as rescue teams race against time to find survivors.
Authorities are expected to provide further updates as the search and rescue operation continues.
This is a developing story. More details are expected to emerge.
News
The South African National Defence Force (SANDF) and South African Police Service (SAPS) are investigating a video circulating on social media that appears to show a soldier slapping a woman during a planned joint operation in Mitchells Plain on Friday.
By: Miracle Orumor
CAPE TOWN — The South African National Defence Force (SANDF) and the South African Police Service (SAPS) are investigating a viral video that appears to show a soldier slapping a woman during a joint security operation in Mitchells Plain.
The incident reportedly occurred on Friday during a planned operation involving members of the SANDF and SAPS in the Cape Town community.
The footage, which has been widely circulated on social media, has sparked outrage and renewed concerns over the conduct of security personnel deployed in crime-hit communities.
Both the SANDF and SAPS have launched investigations to establish the circumstances surrounding the incident and determine whether any misconduct took place.
The latest incident comes amid continued scrutiny of Operation Prosper, a joint security operation involving the military and police in several Western Cape communities affected by high levels of violent crime.
Previous allegations linked to the operation have raised concerns about the treatment of civilians and the accountability of security personnel accused of misconduct.
The investigation into the latest incident is expected to determine what led to the confrontation and whether the soldier involved could face disciplinary or further legal action.
Authorities have previously maintained that security personnel deployed during joint operations are expected to act within the law and respect the rights and dignity of members of the public.
The SANDF and SAPS investigations are ongoing.
News
Two jets – one wrapped in green and one in black – coupled with an astonishing double flyover over the DHL Stadium in Cape Town on Saturday, mere moments before the Rugby’s Greatest Rivalry test match between South Africa and New Zealand, had the entire world buzzing.
By: Miracle Orumor
CAPE TOWN — A heart-stopping aviation spectacle over DHL Stadium went viral on Saturday, leaving 55,000 rugby fans breathless and sending social media into a frenzy just minutes before South Africa faced New Zealand in their Test match.
A commercial Embraer E190 passenger jet operated by Airlink—bearing a custom “Go Bokke” logo on its underside—executed a precise, ultra-low flyover directly above the open-roof stadium.
Approaching from a holding pattern near Robben Island, the airliner thundered over the venue, passing through pyrotechnic smoke erupting from the roofline before banking hard over Table Mountain. Spectator footage instantly flooded platforms like TikTok and X, with millions debating the aircraft’s proximity to the stadium superstructure.
Data from flight-tracking service Flightradar24 revealed that the jet descended to roughly 200 feet above sea level. With DHL Stadium standing about 164 feet tall, the plane passed just tens of feet above the roofline. Aviation experts noted that long broadcast lenses created an optical illusion, making the aircraft appear even closer to the stadium than it actually was.
Airlink confirmed the flight was thoroughly planned, rehearsed, and fully approved by the South African Civil Aviation Authority (SACAA), with three senior captains inside the cockpit managing the display.
The maneuver pays homage to South Africa’s iconic 1995 Rugby World Cup final, where a South African Airways Boeing 747 famously buzzed Ellis Park Stadium in Johannesburg.
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