Nigeria’s headline inflation rate rose to 34.60% in November 2024 from 33.88% in October 2024, the National Bureau of Statistics (NBS) revealed Monday. The November inflation rate showed an increase of 0.72% points compared to the October 2024 inflation rate, according to NBS’s latest Consumer Price Index (CPI) report which measures the rate of change…
The president arrived at the Nnamdi Azikiwe International Airport in Abuja late on Saturday. He was welcomed by a team of government officials and other top dignitaries, hours after he left the Galeao Air Force Basa (SBGL) Airport, Rio de Janeiro. Tinubu attended the summit during which he endorsed the global alliance against hunger and…
The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently revealed that…
Dangote Refinery has disclosed its petrol price, saying that it sells at N990 per litre in trucks and N960 per litre in ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at cheaper rates compared to that…
The unions in a joint statement on Sunday said the suspension of the indefinite strike will take effect on Tuesday, November 5, 2024. The unions in a joint statement on Sunday said the suspension of the indefinite strike will take effect on Tuesday, November 5, 2024. The statement was signed by Prince Peters Adeyemi, General…
The President and Chief Executive of Dangote Group, Aliko Dangote, on Tuesday shed more light on how to end the reoccurring issue of fuel queues in the country. Dangote, who briefed State House reporters in Abuja, urged the Nigeria National Petroleum Company Limited (NNPCL) and marketers across the country to stop the importation of fuel….
The Senior Staff Association of Nigerian Universities (SSANU) says there is no going back on the strike action by the union and the Non-Academic Staff Union of Educational and Associated Institutions (NASU) until their demands are met. SSANU and NASU embarked on an indefinite strike on Monday over the non-payment of their four months salary arrears. Despite…
The price of Liquefied Petroleum Gas (cooking gas) has skyrocketed from N700/kg in June 2023 around when President Bola Tinubu assumed office to N1,500/kg in October 2024, The PUNCH reports. This represents about a 114 percent increase within 16 months. Our correspondent gathered that the increase in LPG is connected to the rising exchange rate…
The managing director and CEO of the Nigerian transmission company, Sule Abdulaziz, disclosed that Nigeria supplies 24-hour electricity to neighboring countries, Togo and Benin, amid ongoing discussions in the country following a recent power grid collapse. “We supply Togo, Benin, and Niger. They get power from Nigeria on a 24-hour basis, and they are paying…
