Rev. Fr. Ejike Mbaka has expressed concern over rising fuel prices in Nigeria, calling for increased prayers to avoid a looming famine. He urged Nigerians to invest wisely, as inflation diminishes the value of money. Mbaka believes the government knows how to address the crisis but emphasizes...
NNPC has denied importing adulterated petrol, responding to allegations amid protests over recent price hikes. The company, led by Mele Kyari, reaffirmed its commitment to quality standards and clarified that the GCEO is not responsible for fuel price increases, which have surged significantly...
The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) are meeting with the Federal Government to discuss pressing issues, particularly fuel prices and their impact on the economy. Key officials, including the Minister of Labour and the National Security Adviser, are participating in...
Nigeria's inflation surged to 32.70% in September 2024, influenced by a rise in fuel prices, with food inflation also increasing to 37.77%. The National Bureau of Statistics reported a 0.55% month-on-month rise, prompting the Central Bank to raise interest rates to 27.25% to combat inflation...
Experts warn of potential petrol price hikes in Nigeria due to geopolitical tensions and currency depreciation, following a recent increase to N1,030 per litre. The rising costs exacerbate inflation and economic hardship for citizens, highlighting the challenges of deregulation and the need for...
Joe Ajaero, president of the Nigeria Labour Congress (NLC), condemns the recent petrol price hike, stating it undermines the new ₦70,000 minimum wage. He plans a union meeting to discuss collective actions against the increase, emphasizing the need to address the issue before implementing the...
Peter Obi condemns the recent fuel price hike by the Nigerian National Petroleum Company, which increased petrol prices from ₦897 to ₦1,030 per litre. He calls the decision “unfortunate and insensitive,” urging President Bola Tinubu to provide clarity and reverse the increase amid worsening...
The Nigeria Labour Congress (NLC) is urging the federal government to reverse the recent fuel price hike implemented by the Nigerian National Petroleum Company Limited (NNPCL). With petrol prices rising to N1,030 in Abuja and N998 in Lagos, citizens express frustration over the economic impact...
Nigerians are outraged over a recent fuel price hike, with petrol prices rising to N1,030 per litre in Abuja and N998 in Lagos. Citizens express concerns about worsening poverty and demand action from President Bola Tinubu, highlighting the strain of increasing costs on their daily lives...
Activist Omoyele Sowore has confirmed that the October 1 protest against rising economic hardship in Nigeria will proceed nationwide. Despite warnings from the government and police, the protest aims to address issues such as fuel price hikes, inflation, and insecurity, with peaceful...
Nigerian petroleum marketers are demanding transparency from Dangote Refinery over its fuel pricing as the NNPCL announced new rates across the country. Marketers are also considering fuel imports to stabilize prices, citing concerns over Dangote’s production capacity, as domestic supply remains...
Nigeria's major socio-cultural groups—Ohanaeze Ndigbo, Afenifere, and Arewa Youths—demand the government reverse the recent fuel price hike, warning of severe economic consequences. Increasing petrol prices have led to soaring transportation costs, rising commodity prices, and public outcry...
Edo State Governor, Godwin Obaseki, has indefinitely postponed the resumption of schools due to the recent fuel price hike. The government cited growing tensions and challenges from the increased fuel costs.
Edo State has indefinitely postponed the resumption of all schools due to the recent...
Kwara State's tricycle operators shut down Ilorin city to protest the steep hike in fuel prices, disrupting daily activities. The protest reflects growing frustration over the economic hardship caused by fuel costs, with social media reactions mixed, ranging from sarcasm to calls for nationwide...
The Nigerian National Petroleum Company Limited (NNPCL) attributes the recent petrol price hike to foreign exchange rates and market forces, raising prices to N855-N897 per liter. NNPCL's Adedapo Segun assures the scarcity will ease soon. Labor unions demand a reversal, condemning the impact on...
Nigeria faces severe fuel shortages as petrol landing costs hit N978/liter. The government denies subsidy reinstatement despite projected allocations. Long queues and black market sales plague consumers. Experts call for collaboration between stakeholders to address the crisis. The situation...
The National Bureau of Statistics (NBS) reported a staggering 157.57% year-on-year increase in the national average price of Premium Motor Spirit (petrol), reaching N679.36 per litre, compared to N263.76 per litre in 2023.
Zamfara State topped the chart with petrol priced at N750.43 per litre...
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