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OPEC Unveils the True Cause of Rising Fuel Prices in Nigeria

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OPEC Unveils the True Cause of Rising Fuel Prices in Nigeria, However, OPEC Secretary General Haitham Al Ghais has illuminated a more complex issue, revealing that government taxation is the primary culprit behind high fuel prices, not oil producers.

In a revealing statement published on Tuesday, September 17, Al Ghais clarified that contrary to popular belief, oil-producing countries like Nigeria do not significantly benefit from the retail sale of fuel.

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Instead, major oil-consuming nations accrue substantial revenues through heavy taxation.

“Revenues are often generated, but they are predominantly earned by major oil-consuming countries through taxation,” Al Ghais stated.

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This underscores that OECD (Organisation for Economic Co-operation and Development) countries earn significantly more from petroleum products than OPEC nations.

Between 2019 and 2023, OECD countries raked in approximately $1.915 trillion more annually from petroleum products than OPEC members.

In 2023, taxes accounted for around 44% of the final retail price of petroleum products in OECD countries, with some European countries seeing figures exceeding 50%.

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This data highlights that taxes drive the bulk of the fuel price at the pump rather than crude oil prices or refinery margins.

Al Ghais pointed out that the high fuel cost in Nigeria and globally reflects a combination of crude oil prices, refining, transportation, and, crucially, taxation.

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In the UK alone, fuel duties are projected to generate £24.7 billion in revenue for 2023-24, illustrating the global trend of governments leveraging petroleum products for revenue.

While oil-producing nations benefit from oil sales, a significant portion of this revenue is reinvested into exploration, production, and infrastructure to ensure ongoing supply and market stability.

Al Ghais called for a shift in the narrative to recognise the role of taxation in fuel pricing and urged a more nuanced understanding of the energy ecosystem, where both consumers and producers are vital stakeholders.

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This revelation from OPEC serves as a stark reminder of the intricate factors influencing fuel prices, where taxation emerges as a major player in the cost consumers face at the pump.


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Man says he stands with Asake as he reveals what he would do if his abusive and absent father tries to return to his life

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A man whose father was abusive and absent has shared the extent to which his father abused his mother. He shared his story while reacting to a video of Asake’s father begging for help while claiming he has been abandoned by his popular son. The X user said he stands with Asake and shared his own story, narrating how his father scalded his mother with hot soup because he had a side chic. He said his father abandoned them afterwards and he would get violent if his father tries to rear his “ugly head” now. Screenshot 20250315 151458 X 1742052588Screenshot 20250315 151514 X 1742052603The post Man says he stands with Asake as he reveals what he would do if his abusive and absent father tries to return to his life appeared first on Linda Ikeji Blog.


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From Lagos to Potomac: How Nigerian women are shaping the Real Housewives franchise

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By Ayo Onikoyi

The Real Housewives franchise has become a cultural phenomenon, offering a front-row seat into the lives of powerful women balancing business, family, friendships and everything else in-between.

The franchise first became a global sensation in the U.S., and its influence extended to Africa, where Nigerian women are making waves both locally and internationally.

Across the Atlantic, The Real Housewives of Potomac (RHOP)’s Dr. Wendy Osefo has brought Nigerian representation, balancing her reality TV presence with a career as a professor, political commentator, and author. Born in Nigeria and raised in the U.S., Wendy has remained vocal about her heritage, often incorporating her cultural identity into conversations on the show.

Halfway through its third season, The Real Housewives of Lagos (RHOLagos) continues to deliver everything viewers signed up for, lavish lifestyles, power moves, and shifting friendships.

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With RHOLagos setting new standards for African reality TV and Wendy Osefo expanding Nigerian visibility on an international stage, the franchise continues to evolve while keeping its signature mix of glamour and real-life drama.

As the season unfolds, RHOLagos has kept audiences engaged with shifting alliances, business triumphs, and high-stakes confrontations. The Lagos cast: Adeola “Diiadem” Adeyemi, Carolyna Hutchings, Dabota Lawson, Laura Ikeji, Mariam Timmer, and Sophia Momodu are making it clear that beyond the designer outfits and exclusive events, real-life relationships and ambitions are at the heart of the show. Meanwhile, RHOP’s Wendy Osefo remains a standout personality in the franchise, balancing academia, media, and personal life all while embracing her Nigerian roots.

With reality TV becoming a key part of entertainment culture, Showmax is making it more accessible this March with the Shikini Deal, offering a limited-time-only deal on its General Entertainment plans from as low as N1,000. For those looking to catch up on RHOLagos or explore other must-watch shows, this presents a timely opportunity to do so at a lower cost.

As RHOLagos Season 3 heads toward its finale and fans in Africa catch up on Season 9 of RHOP courtesy Showmax, one thing is clear—Nigerian women are shaping conversations in reality TV, both at home and on the global stage. And with Showmax leading the charge in showcasing these stories, fans have a front-row seat to all the drama, success, and sisterhood that make the Real Housewives universe so compelling.

The post From Lagos to Potomac: How Nigerian women are shaping the Real Housewives franchise appeared first on Vanguard News.

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Drop coalition talks; come and join SDP – El-Rufai tells Atiku, Obi, Aregbesola

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Former Kaduna State Governor Nasir El-Rufai has asked opposition leaders and aggrieved stakeholders in the ruling All Progressives Congress (APC) to drop the idea of a possible future coalition and join the Social Democratic Party (SDP) instead.

El-Rufai, a former Federal Capital Territory (FCT) Minister, specifically called on former Vice President Atiku Abubakar, Labour Party presidential flag-bearer in 2023, Peter Obi, and former ministers Rotimi Amaechi and Rauf Aregbesola to join forces with him in the SDP.

He made the appeal in a recent interview with BBC Hausa, in which he pleaded with politicians to join the SDP to defeat President Bola Tinubu in 2027.

This follows his resignation from the APC on Monday, March 10, 2025, citing a misalignment of values with the ruling party.

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ALSO READ: El-Rufai meets Aregbesola, Bakare as speculations of APC defection grows

“My wishes and prayers are for Atiku Abubakar, Peter Obi, Rotimi Amaechi, Rauf, and all opposition leaders to come and join SDP, not to do a merger or to register a new political party.

“What pains me is that the government we supported and had confidence in would do well because we saw what Tinubu did in Lagos despite his challenges.

“We all know about his issues in Chicago, but we thought if he could replicate his work in Lagos for Nigeria, let’s support him. However, he failed,” he said.

The former Kaduna Governor affirmed that his presidential ambition in 2027 would depend on the party and the people’s will.

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ALSO READ: SDP youths accuse El-Rufai of attempting to hijack the party, reject his defection

“It is not for me to decide; it is the party and the people that will decide. Even when I was contesting for governor, it was people that met and convinced (Muhammadu) Buhari, and he called me and asked me to contest,” he added.


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