Following the removal of the petrol subsidy by President Bola Tinubu, prices of petroleum products have skyrocketed in Anambra state and environs . Petrol stations sold fuel, also known as Premium Motor Spirit (PMS), between N520 and N550 per litre, while black market operators sold between 600 and 800 naira. […]
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Oil Marketers Declare Support For The President’s Decision To Remove Fuel Subsidy.
The Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) have declared their support for President Bola Tinubu’s decision to phase out the petrol subsidy regime. In a joint statement issued on Tuesday in Lagos, they said that in light of the assurances […]
Fuel subsidy gulped $10bn in 2022 – Shettima
Vice President Kashim Shettima has stated that $10 billion was spent by the immediate past administration of Muhammadu Buhari subsidizing fuel in 2022. He said the current administration was bent on exiting fuel subsidy because of its negative implications for the country as a whole. Shettima made this known when […]
Amaechi Absent At Tinubu’s Swearing In, Attends Otti’s Inauguration In Abia.
A top-ranking member of the ruling All Progressives Congress (APC), Rotimi Amaechi was conspicuously absent at the inauguration of former Lagos State Governor, Bola Tinubu as Nigeria’s 16th President on Monday at the Eagle Square in Abuja. However, Amaechi, a former Minister of Transportation and ex-governor of Rivers, was spotted […]
Inauguration 2023: Presidential guard slumps during parade, rushed to hospital
A member of the presidential guard brigade caused a stir on Monday morning when she collapsed at the parade ground shortly before the commencement of the inauguration programme. The undisclosed female soldier, who was in her twenties, was quickly rushed to one of the makeshift clinics positioned for emergencies at […]
Tinubu Promises To Revisit Emefiele’s Naira Redesign Policy
President Bola Ahmed Tinubu has said that the naira redesign policy by the Central Bank of Nigeria (CBN) would be reviewed. The president stated this today during his inaugural speech at the Eagles Square in Abuja, Federal Capital Territory. According to him, “the currency swap was too harshly applied by […]
Faleke Says Tinubu Will Unveil Ministers, Others Within 60 Days.
A chieftain of the All Progressives Congress (APC), James Faleke, says Bola Tinubu will unveil members of his cabinet within 60 days after his inauguration as Nigeria’s President on Monday. The righthand man of the former Lagos State governor stated this on Monday morning in an exclusive interview with Newsmen […]
Jubilation As Buhari Returns To Katsina After Handover
Former President Muhammadu Buhari has returned to Daura, his hometown, Katsina State, a few moments after he handed over the mantle of Nigeria’s leadership to President Bola Ahmed Tinubu on Monday. The white-coloured presidential plane touched down at the Umaru Musa Yar’adua International Airport carrying the former president, his wife, […]
President Tinubu Declares In His Inaugural Speech That Fuel Subsidy Is Gone.
Nigeria’s new President, Bola Tinubu says the era of subsidy payment on fuel has ended. He said the 2023 Budget made no provision for fuel subsidy and more so, subsidy payment is no longer justifiable. He also described may 29th as the proudest day of his life adding thatthe day […]
Tinubu Sworn In, Receives Congratulatory Messages From Biden, CAN.
Former Lagos State Governor, Bola Tinubu has been sworn in as the President and Commander-in-Chief of the Federal Republic of Nigeria, bringing to an end the eight-year administration of Muhammadu Buhari. Tinubu, 71, takes office, two months after being declared winner of the keenly contested February 25 presidential election. With […]