The Vice President, Downstream at the Nigerian National Petroleum Company, Adedapo Segun has stated that the current pump price of petrol is not market reflective and could be higher. He stated this during an interview on Arise Tv morning show where he explained the problems the company is facing with regards to petrol supply. According…
A beauty queen who received xenophobic abuse in South Africa and became the subject of a government investigation has told the BBC she will be seeking therapy because of the saga. Chidimma Adetshina, who was a finalist in the Miss South Africa beauty contest, sparked criticism as despite being a South African citizen, her father…
The Lagos State Commissioner for Health, Prof. Akin Abayomi, says the state has initiated a process to establish a drug manufacturing agency to promote access to quality drugs and consumables. Abayomi disclosed this at the opening of the 7th Nigeria Pharma Manufacturers’ Expo in Lagos on Wednesday. The biennial programme, jointly organised by PMG-MAN and…
The Federal Government has declared a state of emergency at the Onne Port in Rivers State following the repeated incidents of importation of dangerous cargo, including arms and ammunition through this port. To this effect, the government said it is immediately implementing emergency protocols at Onne Port for the next three months by conducting thorough…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday announced the granting of an additional 5,000 barrels per day licence to Waltersmith located in Ibigwe, Imo State. In a statement on its X handle, the midstream and downstream regulator stated that the approval was granted in the phase two of the plant’s development, but…
Last Month President Bola Tinubu signed into law the N70,000 new National Minimum Wage Act. Though, some states have begun discussion on the consequential adjustment arising from the new wage ahead of its implementation, most states even the Federal Government are yet to begin implementation as the consequential adjustment has to be agreed on.To agree…
The National Association of Nigerian Students, NANS, on Wednesday sent a notification of a planned massive shutdown of all major cities in Nigeria, effective September 15, 2024.The student body said the protest is in response to the recent fuel price hike and the perceived incompetence of the NNPC CEO Mele Kyari. The union equally demanded…
Federal Civil Servants in the FCT, have decried prolonged delay in implementation of the new minimum wage of N70,000 even as the economic condition of Nigerians continue to worsen, the living standard of Nigerians has continued to deteriorate since President Bola Tinubu announced the removal of fuel subsidies on petroleum products on May 29, 2023….
Many motorists in the Federal Capital Territory (FCT) have expressed frustration over increase in the pump price of petrol. NNPC Retail Management has approved an upward review of the pump price of petrol from N617 per litre to N897 litre, effective from Sept. 3.This is amid economic hardship and persistent fuel scarcity. Investigation revealed that…
Marketers have expressed strong concerns over the designation of NNPC Limited as the sole off-taker of petrol from the Dangote Refinery, warning that the move could create a monopoly and lead to profiteering in the downstream sector of the petroleum industry.NNPC has historically been the sole importer of petrol into the country, while marketers and…
