BREAKING: IPMAN, Dangote reach agreement on direct petrol supply
The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association. He said the partnership would ensure a steady, affordable supply […]
Reps To CBN: Issue More New Naira Notes, Withdraw Old Ones Before Dec. 31st
The House of Representatives has urged the Central Bank of Nigeria (CBN) to issue more new N200, N500 and N1,000 currency notes and begin the gradual withdrawal of the old Naira notes from circulation before the deadline of December 31, 2024. The House also asked CBN to order commercial banks to forthwith stop cash payment to their customers with […]
Choose Between Petrol at N1,000/Litre or CNG at N200/Metre –Tinubu Tells Nigerians
In a significant move aimed at enhancing Nigeria’s energy landscape, President Bola Tinubu has unveiled new fuel pricing options for motorists. During a meeting with executives from the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja, Tinubu announced that motorists can now choose between purchasing petrol at N1,000 per litre or compressed […]
MFM General Overseer Olukoya opens trade fair for SMEs
The General Overseer of Mountain of Fire and Miracles Ministries, Dr Daniel Olukoya, on Saturday, urged Nigerians and members of his church to remain resilient and grab the opportunities within their reach. Olukoya said this during the inauguration of the Seminal/Trade Fair Extravaganza organised by the church for over 200 Small and Medium Enterprises at […]
Inflation Rose to 32.70% in September 2024—NBS
Nigeria’s headline inflation rate for September 2024 rose to 32.70 per cent after slowing consecutively in the previous two months of July and August. This was according to the latest Consumer Price Index report from the National Bureau of Statistics. It is a marginal increase of 0.55 per cent from the August 2024 figure of […]
Now That Petroleum Marketers Can Buy Directly From Refineries, What Will Happen to Pricing?
As part of the transition towards a deregulated market structure for Premium Motor Spirit (PMS), the federal government has authorised petroleum product marketers to purchase PMS directly from local refineries. PDP Suspends National Chairman, Other Over Alleged Anti-party Activity This was announced on Friday in a statement signed by Wale Edun, the Minister of Finance […]
EXCLUSIVE: Real Reason NNPC Increased Petrol Price To N998 Per Litre
A litre of premium motor spirit (PMS) popularly called petrol has hit N977 at the Dangote Refinery, major supplier of the product to the Nigerian National Petroleum Company Limited (NNPCL), Platforms Africa can report authoritatively. Findings exclusively conducted by NewsBreakNaija showed that this has led to the adjustment in pump price by the NNPCL as full […]
You Won’t Believe It! 26 States Received ZERO Foreign Investment in One Year—Number 4 And 12 Will Sh*ck You!
A staggering report from the National Bureau of Statistics (NBS) has revealed that 26 states in Nigeria received no foreign investments between Q2 2023 and Q2 2024. This lack of investment not only reflects poorly on the states but also raises serious questions about their economic policies and overall attractiveness to investors. The states that […]
Plans Announced By Nigerian Government To Create One Million Employment Opportunities
The Federal Government has announced its commitment to creating one million jobs as part of efforts to address youth unemployment across all 774 local government areas in the country. Egalitrian Voice reports that Minister of State for Youth Development, Ayodele Olawande, made the announcement on Friday in Abuja. He emphasized the government’s dedication to educating, […]
Another Nigerian Refinery Set to Begin Selling Fuel to Marketers
Another Nigerian Refinery Set to Begin Selling Fuel to Marketers Oil marketers have visited the Port Harcourt Refinery Company in Rivers State and expressed hope that the facility may start releasing refined petroleum products this month. The Independent Petroleum Marketers Association of Nigeria (IPMAN) members said the facility’s rehabilitation has been mainly completed. […]