Online News Magazine
Online News Magazine
The Commerce and Industry Correspondents Association of Nigeria ( CICAN) has condemned the recent Premium Motor Spirit ( PMS) hike, describing it as a pain too much to bear by the Nigerian masses, urging the Federal Government to involve the Organised Private Sector in taking decisions on palliative measures. This fact is contained in […]
Human rights lawyer Femi Falana, SAN, says allowing the Nigerian National Petroleum Company Limited to fix the pump price for Premium Motor Spirit (PMS), or petrol, is an aberration and unconstitutional. Falana was reacting to the NNPCL’s sudden price increment from around N500 to N617 per litre on Tuesday, which saw the second impromptu petrol […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged Nigerians to disregard the speculation that its members were planning to increase the price of a litre of premium motor spirit, otherwise called petrol to N700.00. IPMAN made the clarifications while urging Nigerians not to engage in panic buying as the the price of petrol […]
The Lagos State Police Command has uncovered a syndicate that specialised in swindling filling stations of millions of money with fake alerts. Already, a member of the syndicate is in police custody helping them on how to arrest other members of the syndicate who are on the run. Giving a graphic account of how the […]
Sources in the Presidency has debunked the rumour that President Bola Ahmed Tinubu has suspended the Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Mr Mele Kyari, from office. A source in the Presidency stated that there was nothing like that and that it was the handiwork of mischief makers. It has been […]
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu for his failure to investigate the alleged missing $2.1 billion and N3.1 trillion of oil revenues between 2016 and 2019. The suit was filed last Friday. The suit followed the failure of the preside to probe the allegations already documented […]
President Bola Ahmed Tinubu has suspended the Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Mr Mele Kyari, from office with immediate effect. This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy and missing crude oil funds. This comes under 24 […]
Nigeria’s crude oil production increased to an average of 1.51m barrel per day in the first quarter of 2023. The National Bureau of Statistics (NBS) reported this in its latest report on “Nigeria Gross Domestic Product Report Q1 2023”.. It reported that oil production in the country had moved above one million barrels per day […]
…Mulls palliatives for workers Ogun State Governor, Prince Dapo Abiodun, has said that his administration is looking into ways of cushioning the hardship on the people as the result of the deregulation of Premium Motor Spirit by the President Bola Ahmed Tinubu led-administration. Speaking at a meeting with labour leaders in his office at Oke-Mosan, […]
The Group Managing Director of Nigerian National Petroleum Company Limited, Mele Kyari, has revealed that the administration of President Bola Tinubu has concluded an arrangement to have one of the four refineries repaired and operating at an optimal level before the end of the year. Kyari made the revelation when he visited the party secretariat […]
