deregulation
14 Jan
A report expects full deregulation of the downstream sector to trigger new competition, force down the price of premium motor spirit (PMS) and increase supply this year.
8 Nov
In recent times, the press has been inundated with claims and counter claims about PMS sales and pricing between the Dangote Refinery,
8 Nov
At Africa Energy Week 2024 in Cape Town, South Africa, Senator Heineken Lokpobiri, Nigeria's Minister of State for Petroleum Resources (Oil), championed Nigeria as a premier destination for energy investments in Africa. With nearly 30 per cent of Africa’s oil and gas reserves, Nigeria presents vast opportunities, bolstered by recent strategic reforms. Lokpobiri highlighted initiatives…
3 Sep 2024
The Federal Government has strongly denied recent media reports claiming that the Ministry of Petroleum has directed the Nigerian National Petroleum Company Limited (NNPCL) to sell fuel at ₦1000 per litre, well above the approved pump price. These reports suggested that the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, had given the…
6 May 2024
It is unacceptable to subject Nigerians to excruciating pains while trying to access Premium Motor Spirit (PMS), otherwise known as petrol, the market of which the Federal Government claims has been deregulated. It also does not make sense for Nigerians to pay as high as N900-N1000 per litre of petrol, at a time when the cost of living is sky-high and the citizens are dejected.
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The National Executive Council of the Federation of Agricultural Commodity Associations of Nigeria (FACAN) has approved the nomination of Mr. Vitalis Tarnongu as its coordinator in Benue. The nomination is contained in a letter signed by Mr. Sheriff Balogun, FACAN National President, and made available to newsmen on Thursday in Makurdi. The letter indicated that…
6 mins ago
Spotify, an online streaming platform, has unveiled ‘Lent Destination’, a hub designed to facilitate spiritual reflection and connection for Christians observing Lent. James Propa, Spotify’s Christian and Gospel Specialist for Sub-Saharan Africa, in a statement on Thursday, said the hub featured carefully curated worship playlists and Christian podcasts. Propa said these podcasts and playlists would…
16 mins ago
Six people with alleged links to Russia have been detained in Romania on suspicion of planning a coup. The organised Crime Unit of the Public Prosecutor’s Office made the announcement in a statement on Thursday. The suspects are said to have had multiple contacts with “agents of foreign powers, both on Romanian and Russian territory,’’…
34 mins ago
Ailing Pope Francis's condition is "stable" and he has not suffered a fresh breathing crisis, the Vatican said Thursday, as the 88-year-old nears three weeks in hospital with pneumonia. The Argentine pontiff, head of the worldwide Catholic Church since 2013, has been in Rome's Gemelli hospital since February 14. "The clinical conditions of the Holy…
42 mins ago
Kenyan authorities on Thursday ordered TikTok to take down sexual content involving minors following a BBC investigative report exposing the exploitation in the country. The report, published on Monday, said TikTok was profiting from sexual livestreams performed by Kenyan teenagers as young as 15. In a statement, the Communications Authority of Kenya said it had…
45 mins ago
The Alaafin-elect, His Imperial Majesty, Oba Akeem Abimbola Owoade, is now Oyo Town. His media aide, Mr. Bode Durojaiye, who confirmed this to The Guardian, said the royal father arrived in Nigeria from Canada on Wednesday night. He was received by some Kingmakers, Obas, and a mammoth crowd of Oyo residents at Motunde Village, Oyo…
51 mins ago
Inadequate staffing, uneven distribution of health workers and low motivation are threats to achieving Universal Health Coverage (UHC), report has indicated. The report, released by Development Governance International (DGI) Consult on Thursday in Abuja, highlights the threats. “Nigeria’s infant mortality rate stands at 69 deaths per 1,000 live births, far exceeding the Sub-Saharan African average…
59 mins ago
Kutiriko Community in Chanchaga local council of Niger State, has dragged the Abuja Electricity Company (AEDC) to a Minna Chief Magistrate court for billing the community while the transformer providing electricity to the area was parked off. The Spokesman for the Community, Engr. Ibrahim Adamu Haruna disclosed that the Community has been without a power…
1 hour ago
A Certified True Copy (CTC) of the Supreme Court judgment on the political crisis in Rivers State has shed light on why the apex court restored the Martin Amaewhule-led leadership of the Rivers State House of Assembly. The apex court in a 62-page judgement obtained on Thursday by our correspondent made it clear that there…
1 hour ago
The Independent National Electoral Commission (INEC) has urged political parties to strictly comply with their schedules for primaries ahead of the Anambra State governorship election slated for November 8, 2025. The Commission also disclosed that only 12 out of the 19 registered political parties had submitted detailed schedules of their primaries in line with the…