PCNGi Collaborates With Commercial Transporters to Slash Transport Costs, Empowers 2000 Youths with Tricycles
The Presidential Compressed Natural Gas Initiative (PCNGi) commenced today a Transport Fare Drop Programme across the country, starting with Abuja, as it ramped up the adoption of Compressed Natural Gas (CNG) as a cleaner, more affordable alternative to fuel. Representatives of the PCNGi signed an MOU with the National Union of Road Transport Workers covering […]
Beans price rise by 271% in one year – Report
The National Bureau of Statistics has reported a rise in the price of brown beans (sold loose) in August 2024. According to the Selected Food Price Watch for August, the average price of 1kg of brown beans surged by 271.55 per cent on a year-on-year basis to N2,574.63, up from N692.95 in August 2023. On […]
FLASH: CBN Reduces Cybersecurity Levy on Electronic Transactions
The Central Bank of Nigeria has reduced the cybersecurity levy on electronic transactions from 0.5 per cent to 0.005 per cent in its new fiscal guidelines for 2024-2025. This reduction follows the controversial introduction of the levy earlier in the year, which was met with opposition from both the Nigeria Labour Congress, Trade Union Congress, […]
PDP Chieftain Dr. OTOPE Hails Oyo Governor’s Airport Upgrade: Boost to Job Opportunities, Tourism and Economic Growth
Hon. Chief (Dr.) Ezekiel Temitope Oladimeji, Director-General, Liaison Office for Abuja and Lagos, has commended Governor Seyi Makinde’s visionary leadership in upgrading Ladoke Akintola Airport to international standards. The groundbreaking ceremony, held at Alakia Ibadan Airport on Wednesday, 18th September 2024, marked a significant milestone in Oyo State’s development journey. “Governor Makinde’s commitment to transforming […]
Hardship: 400K Not Enough to Run a Family Anymore In Nigeria– Rufai Oseni
In a stark revelation, journalist Rufai Oseni has declared that a monthly salary of N400,000 is no longer sufficient to run a family in Nigeria. This statement comes as a wake-up call to many who struggle to make ends meet in the face of rising costs and stagnant incomes. According to Oseni, the country’s economic […]
NNPCL to Sell Dangote Petrol At ₦950/Litre in Lagos, ₦1,019 in Borno
The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery for nothing less than ₦950 per litre in Lagos. The NNPCL spokesperson, Olufemi Soneye, disclosed this on Monday, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September […]
‘Price Revealed As Petrol From Dangote Refinery Hits Market On Sept.15′
The much-anticipated Premium Motor Spirit (PMS), better known as petrol from Dangote Refinery, is set to hit the Nigerian market by Sunday, 15th September. According to inside sources quoted by Businessday, the refinery, located in Lagos State, is set to commence the distribution of its refined petrol to marketers across Nigeria. To ensure a smooth […]
Developing: Presidency Reveals When Fuel Will Be Available, Speaks On New Price
The Presidency has assured Nigerians that the current fuel scarcity in the country will soon come to an end. Minister of State for Petroleum Resources, Heineken Lokpobiri, disclosed that the situation will normalize by the weekend. Lokpobiri, who spoke on behalf of President Bola Tinubu, expressed deep concern over the hardship Nigerians are facing due […]
POS Registration: Operators Sue Federal Gov’t As Deadline Ends
As September 5, 2024 being the deadline given by the Corporate Affairs Commission (CAC) for banking agents, known as Point of Sale(POS) operators to register their activities or face prosecution, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has challenged the directive in court. Recall that the federal government through the Corporate […]
From Gowon To Tinubu: The Biggest Fuel Price Hikes In Nigeria’s History
The Nigeria National Petroleum Company Limited (NNPCL) has adjusted the petrol pump price at its filling stations to ₦897 per liter. Egalitarian Voice reports that this is coming two days after the Nigeria-owned oil company cried out that its operations of solely importing refined petrol into the country have been hit by financial restraints. With the recent surge […]