Nigeria Archives - Page 125 of 332

May

31

2023

NNPCL increases official fuel pump price to N537 per litre

Business, Economy, Opinion, Politics2023, Economy, Fuel Scarcity, Metro, Nigeria, Opinion, Politics

The Nigerian National Petroleum Company Limited (NNPCL) has jerked up pump prices of petrol, also known as Premium Motor Spirit (PMS) from N195 per litre to 537 per litre. According to a new price template disclosed by NNPLC on Wednesday, Lagos State has the least price of N488 per litre, while Maiduguri and Damaturu have the highest pump prices of N577 per litre. DAILY POST gathered on Wednesday that most filling stations in the nation’s capital, Abuja, had adjusted to the new pump price. Similarly, pump prices had been adjusted across States. For instance, in Benue State, the fuel price…

May

31

2023

By Amos Oge Kalu

Fayose reacts as Tinubu removes fuel subsidy, says its best, wisest decision

Economy, Opinion, PoliticsAyo Fayose, Bola Ahmed Tinubu, Fuel Scarcity, Metro, Nigeria, Opinion, Petroleum Industry Bill, Politics

Ayodele Fayose, a chieftain of the Peoples Democratic Party, PDP, on Wednesday, reacted to the removal of the fuel subsidy regime by President Bola Ahmed Tinubu. Tinubu had, during his inaugural speech on Monday, said the subsidy is no longer sustainable in Nigeria, stressing that it is gone. Reacting to the development, Fayose, in a series of tweets via his Twitter handle on Wednesday, said that Tinubu has taken the best and wisest decision for the collective good of Nigeria and its people. Fayose tweeted, “On this removal of fuel subsidy, I am convinced that President Tinubu has taken the…

May

30

2023

By Amos Oge Kalu

Court admits US judgment on Tinubu’s alleged $460,000 forfeiture for drug crime in Obi’s petition

News2023, Bola Ahmed Tinubu, Court, Nigeria, Peter Obi, Politics

The Presidential Election Petition Court, on Tuesday in Abuja admitted in evidence, a United States of America (USA) District Court judgment which reportedly indicted Asiwaju Bola Ahmed Tinubu and ordered his forfeiture of $460,000 in drug related offences. The certified true copy of the judgment was tendered by a witness, Barrister Lawrence Uchechukwu Nnana Nwakaeti, at the commencement of hearing of a petition filed by the Presidential candidate of the Labour Party (LP) Mr Peter Gregory Obi, against the election of Tinubu. Led in evidence by Mr Jibrin Okutepa, a Senior Advocate of Nigeria, SAN, the witness tendered the Court’s…

May

29

2023

By Amos Oge Kalu

Tinubu reveals his administration’s top priority

Economy, Politics2023, Bola Ahmed Tinubu, Economy, Insecurity, Nigeria, Security

President Bola Ahmed Tinubu has revealed that security will be his administration’s top priority. Tinubu spoke on Monday at Eagles Square, Abuja while addressing Nigerians for the first time after his inauguration. He said his administration would reform Nigeria’s security doctrine and architecture. According to him, his administration will also invest more in security personnel, training and equipment. Tinubu said, “Security shall be the top priority of our administration. “We shall reform our security doctrine and architecture, and invest more in our security personnel, training and equipment.”

May

27

2023

By Amos Oge Kalu

Shettima reveals two decisions Tinubu will make when he becomes president

Economy, Opinion, Politics2023, Bola Ahmed Tinubu, Kashim Shettima, Nigeria, Opinion, Politics

The vice president-elect, Kashim Shettima, has said removing petrol subsidies and removing multiple exchange rate systems are two challenges that will pose an initial challenge to the incoming administration. Shettima stated this while speaking at the public lecture and Juma’at prayer on Friday held at the National Mosque in Abuja. He warned that the take-off point of Bola Tinubu’s administration might be rough. “Be rest assured that in the fullness of time, Nigeria will pay glowing tributes to us. The starting point might not be rosy, let me be very honest with you. “Oil subsidy is an albatross on our…