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The Independent Petroleum Marketers Association of Nigeria (IPMAN), says the price of petrol will drop to N935 per litre by Monday in view of Dangote Refinery’s new arrangement.IPMAN said the new price was necessitated by the reduction in Dangote Refinery’s fuel ex-depot price and uniform arrangement, which would enable marketers to sell at N935 in their outlets nationwide.Alhaji Maigandi Garim...

Aliko Dangote has commended President Bola Tinubu for the positive impact of the naira-for-crude swap deal on the Nigerian economy.To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its refinery loading gantry and provided generous credit terms to marketers.Dangote commended President Tinubu while speaking in Lagos, saying that the poli...

An official said the Federal Government committed N167 million for the 500 wheat farmers in Obudu in Cross River State, while the Cross River State Government paid N56 million, representing 75 and 25 per cent, respectively.The Federal Government, in collaboration with the Cross River State Government, has subsidised inputs for 500 farmers to produce 500 metric tonnes of wheat in ...

A fire broke out on Saturday morning, gutting a petrol station located in Itam, Itu Local Government Area of Akwa Ibom State, with a truckload of Premium Motor Spirit (PMS) consumed by the flames.It was gathered that firefighters from the state fire service, assisted by police personnel, arrived at the scene and battled the blaze for hours before it was eventually brought under control.Motorists...

President Bola Tinubu, on Saturday, cancelled all his official events in Lagos, including his attendance at the 2024 Lagos Boat Regatta in honour of the stampede victims in Abuja and Okija, Anambra State.The two tragedies claimed many lives and left many others injured.President Tinubu was scheduled to watch the boat parade and other activities of the Boat Regatta from the waterfront of his Quee...

 As competition continues in the downstream sector, the Nigerian National Petroleum Company Limited, NNPCL, has slashed the ex-depot price of Premium Motor Spirit, PMS, also known as petrol by 12 per cent to ₦899 per liter, from ₦1,020 per liter.The National President of Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Dr. Billy Gillis Hary, who confirmed the development, said the N899 per ...

The Presidential candidate of the Labour Party in the 2023 elections, Peter Obi, has blamed recent deaths resulting from stampedes and scrambling for food on what he describes as “systemic failures” plaguing the country.He noted that harsh economic conditions have forced Nigerians to scramble for food supplies at the slightest opportunity, leading to needless loss of life in the process.The for...

At least 10 people, including children, are feared dead, and several others sustained injuries during a stampede at the Holy Trinity Catholic Church in Maitama, Abuja, on Saturday morning.The incident occurred as thousands of residents scrambled to receive palliatives distributed by the church.The event, organised to provide relief to struggling residents, drew over 3,000 people, mostly from Mpape, Gishiri...

No fewer than 17 people died in a stampede during rice distribution in Anambra today.  In Anambra, 17 people were confirmed dead and several others sustained injuries at Okija, Ihiala Local Government Area, following a stampede during the distribution of Christmas rice by officials of a Foundation.The Foundation has been distributing such gifts ...

OIL marketers lifting the Premium Motor Spirit, PMS, also known as petrol from Dangote Petroleum Refinery, have slashed the price of the product by 11.8 per cent to N939.50 per litre, from N1,060 per litre.As of yesterday, the oil marketers were still selling petrol at N1,060 per litre, based on checks in Lagos and its environs.But the checks today indicated that MRS, a maj...