FG, states, LGs share N2.34tn as revenue falls
The Federal Government, states and local government councils shared N2.338tn at the September meeting of the Federation Account Allocation Committee, representing a 22.2 per cent decline from the record N3.007tn distributed in the previous month.The N2.338tn shared at the meeting held in Abuja represents revenue generated in August 2026, according to a statement issued on […]
Petrol hits N1,395/litre as Dangote hikes price again
Petrol pump prices jumped to N1,395 per litre on Saturday as filling stations adjusted to the Dangote Petroleum Refinery’s latest pricing regime, which raised its gantry price to N1,350 per litre.Checks by our correspondent showed that the Dangote-backed MRS filling station in Alapere, Lagos, changed its price from N1,310 to N1,395 on Saturday.The price was […]
Petrol marketers, experts reject World Bank’s fuel import proposal for Nigeri
Petroleum marketers and experts have rejected the Washington-based World Bank’s recommendations to Nigeria to open the country’s borders for premium motor spirit imports to edge Dangote Refinery. Recall that the World Bank, in its Nigeria Development Update released on April 7, recommended that Africa’s most popular country should prioritize imports. The bank had claimed that […]
Dangote Refinery slashes petrol price to N1,200/litre
Dangote Refinery has rolled back its recent hike in fuel prices, reducing the ex-gantry cost of Premium Motor Spirit (PMS) by N75 to N1,200 per litre, according to industry insiders on Wednesday. This adjustment comes shortly after the refinery increased petrol prices to around N1,275 per litre, attributing the rise to instability in the global […]
Power debt: Peter Obi queries fresh ₦3.3tn approvals, demands accountability
Former Labour Party presidential candidate, Peter Obi, has raised concerns over repeated federal government approvals of trillions of naira to settle debts in the power sector, questioning their impact and transparency. In a post via his official X handle on Tuesday, Obi said the recent approval of ₦3.3 trillion as a “full and final” payment […]
FG cracks down on adulterated fuel
The Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority, has vowed to clamp down on filling stations selling adulterated and substandard petroleum products across the country. The regulator disclosed that it had commenced routine random sampling inspections as part of a systematic quality certification process aimed at ensuring petroleum products sold in […]
COALITION OF REGISTERED POLITICAL PARTIES (CRPP) SLAMS EDO GOVT OVER PROTESTS AMIDST ECONOMIC HARDSHIP
Abuja, Nigeria – The Coalition of Registered Political Parties (CRPP) has expressed deep concern over the escalating hardship faced by the people of Edo State, describing the situation as “unprecedented” and “alarming”. In a statement signed by its National Chairman, Dr. Samson Isibor, CRPP lamented that Edo State is at a standstill, with insecurity, kidnapping, […]
NABTEB APPROVES BRIGHTENCE ELECTRONICS INTERNATIONAL COMPANY AS NATIONAL SKILLS QUALIFICATION (NSQ) TRAINING CENTRE
The National Business and Technical Examinations Board (NABTEB) has granted approval to Brightence Electronics International Company to operate as a National Skills Qualification (NSQ) Training Centre. According to a letter signed by Mr. Osaigbovo Pius, Director, Exams Development, the approval follows a comprehensive resource inspection that confirmed the centre’s compliance with NABTEB’s criteria for assessment […]
NLC storms Abuja DisCo, issues 48-hour shutdown threat over sack of 900 workers
Tension gripped the headquarters of the Abuja Electricity Distribution Company, AEDC, yesterday as the Nigeria Labour Congress, NLC, staged a dramatic picketing of the facility, protesting the controversial disengagement of nearly 900 workers.It equally issued a 48-hour ultimatum to management to resolve the crisis or face a total shutdown of operations. Led by its President, […]
Atiku slams Tinubu, Senate over fresh $6bn loan
Former presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has condemned the Senate’s swift approval of President Bola Tinubu’s request for a fresh $6 billion external loan. PUNCH Online had reported that the Senate approved Tinubu’s request to secure fresh external loans totalling $6 billion, in a move aimed at plugging fiscal gaps and financing key infrastructure […]
