Fuel prices
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.
22 Oct
Commercial drivers in Lagos have threatened to embark on an unannounced strike in protest against several grievances, including the recent hike in fuel prices, police extortion, excessive daily ticket fees, and multiple collection points in motor parks and garages.
10 Sep
In a bold step to reduce fuel costs and offer Nigerians an affordable alternative to petrol and diesel, President Bola Tinubu has made Compressed Natural Gas (CNG) available for vehicles at just ₦230 per litre. This landmark initiative is aimed at alleviating the financial strain caused by the high cost of petrol, which currently exceeds…
15 Aug
Depot owners in Nigeria have once again dismissed accusations that they are undermining local refineries, instead preferring to continue importing petroleum products. They also reject claims that their operations inflate foreign exchange demand and contribute to rising fuel prices. In a media briefing on Wednesday, Olufemi Adewole, Executive Secretary of the Depot and Petroleum Products…
11 Jun 2024
The reigning metaphor in Nigeria today is: “Hunger in the land.” The Yoruba rendition of the metaphor puts it a bit more frighteningly as Eb
16 Apr 2024
In a groundbreaking development for consumers across Nigeria, Dangote Petroleum Refinery has made a historic announcement by further reducing the price of diesel from ₦1,200 to ₦1,000 per litre. This move comes in the wake of the refinery's recent introduction of diesel at a remarkably discounted rate of ₦1,200 per litre just three weeks ago.…
Latest
2 mins ago
Stakeholders from the Niger Delta, including youths and leaders under the auspices of the Coalition of Niger Delta Youth Stakeholders (CNDYS), have organised a football tournament tagged, “Tompolo Unity Cup,” across the eight local councils of Bayelsa State.
2 mins ago
Operatives from the Nigeria Security and Civil Defence Corps (NSCDC), the Nigerian Police, and the National Drugs Law Enforcement Agency (NDLEA), among others, have welcomed improved strategies in tackling crime, violence and insecurity in the Niger Delta by the European Union (EU) funded organisation, Search for Common Ground (SFCG).
2 mins ago
In a bid to strengthen security and ensure the safety of its citizens, the Anambra State government on Tuesday, February 4, demolished three kidnappers’ dens located in Ndiezenwankwo Uruagu, Umumejiaku Uruagu, and Obiofia Nnewichi, all in Nnewi North Local Council.
3 mins ago
In a bid to unearth talents from the grassroots and encourage mass participation in school sports, the Nigeria School Sport Federation (NSSF), and the Lagos State Universal Basic Education Board (LASUBEB) are organising a National School Board Games, which will hold on February 10 and 11 in Lagos.
3 mins ago
The Nigerian National Petroleum Company Limited (NNPCl) and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) have achieved a 96 per cent reduction in routine flaring of Associated Gas (AG) from the Anyala (OML 83) and Madu (OML 85) fields.
4 mins ago
Baobab Nigeria has received an affirmed 'Bbb+' rating from Agusto & Co., a leading Pan-African credit rating agency.
5 mins ago
The Nigeria Bar Association (NBA), yesterday, expressed worry over the high number of inmates awaiting trial across the various correctional facilities in the country.
7 mins ago
Edo State Governor, Monday Okpebholo, has suspended the Attorney General and Commissioner for Justice, Samson Osagie.
12 mins ago
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Mr Baba Kudu Mohammed before Justice A.Y. Shafa of the Federal Capital Territory High Court in Nyanya, Abuja, on a four-count charge of forgery.
12 mins ago
The Ogun State branch of the Nigerian Institution of Surveyors (NIS) has called for stronger collaboration with the state Police Command to tackle the growing menace of land-grabbing activities.