Blog – Page 69

Fatodu tasks state actors on schools sport devt. as Desmond unveils Gbajabiamila U-16 football competition for Surulere Secondary Schools teams

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Fatodu tasks state actors on schools sport devt. as Desmond unveils Gbajabiamila U-16 football competition for Surulere Secondary Schools teams

State actors involvement in deliberate rejuvenation of schools sport development has been described as the

POWER PLAY: The great defection wave and the spectre of one-party rule under Tinubu

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President Tinubu sacks 5 ministers appoints seven new ministers

Months after growing calls for President Bola Tinubu to rejig his cabinet, the former Lagos

Bobrisky reportedly rushed to the hospital after complaining of breasts pain

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Bobrisky reportedly rushed to the hospital after complaining of breasts pain

Nigeria’s controversial crossdresser, Idris Okuneye, aka Bobrisky has been rushed to the Police Hospital at

WHEN EVELYN JOSHUA ELEVATES "THE POOREST OF THE POOR" IN ARGENTINA

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WHEN EVELYN JOSHUA ELEVATES “THE POOREST OF THE POOR” IN ARGENTINA

BALASTRO II, FONTANA in Resistencia CHACO Province of Argentina is a lesson in the tragedy

Hisbah arrests commissioner with married woman in an uncompleted building

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Hisbah arrests commissioner with married woman in an uncompleted building

The Kano State Hisbah Board has arrested the Jigawa State Commissioner of Special Duties, Auwal

US accuses Air Peace CEO, Allen Onyeama of fraud, obstruction of justice

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US accuses Air Peace CEO, Allen Onyeama of fraud, obstruction of justice

The United States government has piled more charges on the earlier $20 million bank fraud

Why I prefer tranditional worship to christianity or Islam - Prof. Soyinka

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Why I prefer tranditional worship to christianity or Islam – Prof. Soyinka

Nobel Laureate, Prof Wole Soyinka says he prefers traditional Orisa worshipping to Christianity & Islam

NNPCL raises fuel price to over N1,000 per litre Filling stations operated by the Nigerian National Petroleum Corporation Limited (NNPCL) have significantly increased the pump price of petrol, with prices in Abuja rising from N897 to N1,030 per litre. In Lagos, fuel now sells for N998 per litre, up from N885, as motorists endure long queues across the country. At an NNPC station in Gudu, Abuja, attendants confirmed that the price adjustment was in progress. When asked if the station was out of stock, one attendant clarified that they were waiting for the pump meters to be recalibrated to reflect the new price of N1,030 per litre. This price hike comes just 24 hours after reports surfaced predicting an increase due to NNPCL’s recent decision to exit its role as a middleman in the Dangote Refinery purchase agreement. Previously, NNPCL absorbed a subsidy of N133 per litre, bridging the gap between the refinery's production price and the market selling price. However, with NNPCL stepping away, fuel prices will now reflect a fully deregulated market, where marketers negotiate directly with the Dangote Refinery under a “willing buyer, willing seller” model. This shift marks a major turning point in Nigeria’s oil industry, as the national oil company reduces its involvement in pricing controls. The NNPCL stated that it could no longer sustain the financial burden of covering the price gap, signaling a clear move toward market-driven petrol prices. In September, Dangote Industries confirmed that its 650,000 barrels-per-day refinery had begun processing petrol, with NNPCL initially serving as the sole buyer. However, recent changes allow independent marketers to engage directly with the refinery, further pushing Nigeria toward a deregulated oil market. This development is expected to have broad implications for fuel pricing across the country, potentially leading to more fluctuations in prices as market dynamics take full effect. While the government’s withdrawal from price controls may foster competition among marketers, it also raises concerns over the affordability of fuel for everyday consumers.

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NNPCL raises fuel price to over N1,000 per litre

Filling stations operated by the Nigerian National Petroleum Corporation Limited (NNPCL) have significantly increased the

Justice I.O. Ijelu of the Lagos State High Court in Ikeja sentenced Abodurin Gerald Abozo to 8 years in prison for land fraud October 2, 2024.

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Man bags 8 years jail term for N62m land fraud

Justice I.O. Ijelu of the Lagos State High Court in Ikeja sentenced Abodurin Gerald Abozo

Pastor Adeboye addresses critics of Oyedepo’s Rolls Royce

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Pastor Adeboye addresses critics of Oyedepo’s Rolls Royce

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has responded