Oil marketers, on Wednesday, confirmed the hike in the pump price of Premium Motor Spirit popularly called petrol to over N500 per litre depending on the location of purchase. A document that allegedly emanated from the Nigerian National Petroleum Company Limited, according to marketers, which contained figures that were described as the “Current NNPC Pump Price”, and “New Pump Price Per May 31, 2023,” of petrol, showed that the latest cost of PMS in various states and the Federal Capital Territory. Figures in the document indicated that while the cost of petrol in Borno State was put at N557 per…
Author: ACNNTV
The Chief Spokesman for the All Progressives Congress Presidential Campaign, Festus Keyamo, has said President Bola Tinubu did not remove fuel subsidy. According to him, a section of the media is “mischievously twisting the narrative to read that Tinubu’s government has removed subsidy,” despite President Tinubu proclaiming that subsidy was gone while giving his inaugural speech on May 29. Keyamo, who is also a former Minister of State for Labour, rather said that Tinubu’s administration only inherited a regime where there was no provision for subsidy in the 2023 Appropriation Act beginning June 2023 and the Petroleum Industry Act, which…
As Nigerians are feeling the bite of the petroleum subsidy “removal” by President Bola Tinubu, the House of Representatives has asked Nigerians to pray for the implementation of the policy. The House, in a sequel to a motion of urgent public importance, moved on Tuesday by Abdulraheem Olajide, praised President Tinubu for making the pronouncement on Monday. It would be recalled that Tinubu had, during his inauguration, pronounced subsidy gone. The statement caused a scarcity of petroleum products. Mr Olajide said the House must support Tinubu in the subsidy removal because he campaigned to do so. “The legislature must support…
The Osun State High Court sitting in Osogbo has sentenced Dr Raheem Adedoyin to death by hanging for the murder of Timothy Adegoke. Delivering judgment on the matter on Tuesday, the Chief Judge of Osun State, Justice Adepele Ojo, also sentenced to death two staff of Hilton Hotels, Ile-Ife, Adeniyi Aderogba and Kazeem Oyetunde. DAILY POST recalled that Timothy Adegoke was a postgraduate student of the Obafemi Awolowo University, OAU, Ile-Ife, who died in November, 2021 at Hilton Hotels, Ile-Ife, Osun State. Three staff of Hilton Hotels, Ile-Ife, Magdalene Chiefuna, Lawrence Oluwole and Adedeji Adesola were discharged and acquitted by…
President Bola Ahmed Tinubu has resumed official duties at the Presidential Villa, Abuja. Shortly after a brief reception at noon on the forecourt of the Presidential Villa, he went into a closed-door meeting with the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, and the NNPC GMD, Mele Kyari. The meeting is currently held at the State House, with Vice President Kashim Shettima among the attendees. It is not clear what the agenda of the meeting is, though fuel queues have resurfaced since the President’s announcement of the suspension of subsidy on fuel products during his inauguration yesterday.
The Rivers State House of Assembly has screened and confirmed four commissioner-nominees of Governor Siminialayi Fubara. At the resumption of plenary on Tuesday, Speaker of the House, Ikwuiyi Ibani, read out a correspondence from the Governor, requesting the House to screen and confirm the shortlisted persons as Commissioner-designates and members of the State Executive. All four nominees were former commissioners in the cabinet of the immediate past Governor of the state, Nyesom Wike. The nominees are former Attorney General of the state, Professor Zaccheaus Adangor; former Commissioner of Works, Dakorinama George-Kelly; former Commissioner of Finance, Isaac Kamalu; and former…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working with NNPC Ltd. and other stakeholders to guarantee a smooth transition following the removal of fuel subsidy. The authority made this known in a statement signed by the General Manager, Corporate Communications, NMDPRA, Mr Kimchi Apollo, to address concerns regarding the removal of fuel subsidy. Recall that President Bola Tinubu had, in his inaugural speech on Monday, said the fuel subsidy regime had ended with the commencement of his administration. Apollo said the authority was working to avoid disruptions in the supply of Premium Motor…
•President says Nigeria will continue to exist, promises not to be a dictator •IPMAN opposes fuel subsidy removal, queues resurface in Abuja, Lagos, others •Biden writes President Tinubu, says Nigeria’s success is world’s success President Bola Tinubu, on Monday, in Abuja, took the oaths of office and allegiance as the 16th President of Nigeria with a vow that the country would not break up. Tinubu in his inaugural address at Eagle Square also unveiled a series of steps he would take to position the country on the path of economic development, stability and prosperity. Shortly after his inauguration, the President…
Operatives of the Department of State Security have stormed the Lagos office of the Economic and Financial Crimes Commission, preventing officials of the anti-graft agency from gaining access to their office in Ikoyi, Lagos. Impeccable sources in both agencies told Reporters that there has been an ongoing rivalry between the DSS and the EFCC over the ownership of the building. Our correspondent gathered that the DSS operatives stormed the office around 7:00 am on Tuesday, and refused to leave despite dialogue between operatives of both agencies, an impeccable source confirmed the development to our correspondent in a telephone interview. An…
The Oyo State Police Command has raided the apartment of the sacked chairman of Park Management System, Mukaila Lamidi, popularly known as Auxiliary. Some of the seized weapons An online news platform reported Tuesday morning that the police stormed his Ibadan residence recovering weapons and ammunition. Some of the seized weapons and ammunitions It was reported that though Auxiliary escaped, some of his loyalists were however arrested by the police. Details later… Punch