Petrol landing cost drops amid naira appreciation

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Brent crude oil prices have fallen from $73.67 per barrel to $72.45, contributing to a decrease in the landing cost of imported petrol. As a result, average ex-depot prices for petrol have slightly reduced in major cities like Lagos, Calabar, and Port Harcourt. Major marketers reported that the landing cost […]

FG begins distribution of 2,000 CNG-powered tricycles

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The Federal Government has launched the distribution of 2,000 Compressed Natural Gas (CNG)-powered tricycles to empower Nigerian youths. The initiative, part of the 64th Independence Day celebrations, aims to reduce transportation costs and promote clean fuel usage. Michael Oluwagbemi, Project Director of the Presidential Compressed Natural Gas Initiative, announced that […]

IPMAN Urges Government For Direct Supply Of Petroleum Products

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) is calling on the Federal Government to allow its members to source petroleum products directly to alleviate pressure in the sector. Mr. Chinedu Anyaso, Chairman of IPMAN’s Enugu Depot, emphasized that current pricing is dictated by the Nigerian National Petroleum Company Ltd., […]

Nigerian Troops Kill Five Terrorists in Borno Operations

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Troops of the Nigerian Army have successfully killed five terrorists during counter-terrorism operations in Borno State, specifically targeting strongholds in Ajiri and Mastari villages. The military reported recovering significant weaponry, including Rocket Propelled Grenade bombs, AK-47 magazines, and a light machine gun. According to report, in a series of coordinated […]

Senator‘s home, NOUN office set ablaze in Imo

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In Imo State, gunmen have set fire to the residence of former Senator Frank Ibezim and the National Open University study center in Nsu, Ehime Mbano. The Commissioner of Police, Aboki Danjuma, condemned the attacks, describing them as part of a disturbing trend of violence that threatens community safety. The […]

President Bola Tinubu Emphasizes Need For Reform

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In the address marking Nigeria’s 64th Independence Day on Tuesday, President Bola Tinubu has emphasized the need for the country to reform or risk collapse. He pointed out that his administration, which took over 16 months ago, has already made significant reforms to the economy and defense. Tinubu cited over […]

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