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Why there is fuel hike in Nigeria – OPEC

Daily Dispatch September 19, 2024

Nigeria’s fuel price hike has sparked widespread concerns, with many pointing fingers at oil producers, particularly local operators like Dangote Refinery. However, OPEC Secretary General, Haitham Al Ghais, has set the record straight, revealing that the real reasons behind high fuel prices lie

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President Tinubu Orders CBN Gov, Cardoso To Resign Over Naira Steep Fall

Daily Dispatch September 17, 2024

Almost a year in the saddle, President Bola Tinubu has ordered Olayemi Cardoso to resign his appointment as the Governor of the Central Bank of Nigeria (CBN) owing to his inability to stop the poor performance of the economy, most especially, the free fall of Nigeria’s currency, the Naira. The president gave the marching order to Cardoso before […]

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Breaking: NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing

Daily Dispatch September 16, 2024

The Nigerian National Petroleum Company Limited, NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. The Chief Corporate Communications Officer of the NNPCL, Olufemi O. Soneye disclosed this in a statement he issued in the early hour […]

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Breaking: “We successfully loaded PMS at the Dangote Refinery today” NNPCL

Daily Dispatch September 15, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it bought fuel from Dangote Refinery at N898 per litre. The oil firm had moved about 300 trucks to the 650,000 capacity refinery in Lagos, on Saturday, and loading commenced on Sunday. Speaking with Daily Trust over the price of premium motor spirit (PMS), otherwise […]

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How Gowon, Obasanjo Institutionalised Petrol Subsidy – Report

Daily Dispatch September 11, 2024

INDEPENDENT Media and Policy Initiative, IMPI, has traced the genesis of subsidy regime to the administrations of the former military Heads of State, Gen Yakubu Gowon, and Olusegun Obasanjo, alleging that they institutionalised petrol subsidy at a time Nigeria’s economy was bouyant. IMPI explained that the two former military heads of state introduced subsidy as […]

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Breaking: DSS arrests NLC president, Joe Ajaero

Daily Dispatch September 9, 2024

Operatives of the Department of the State Services have arrested the President of the Nigeria Labour Congress, Joe Ajaero. According to PUNCH, he was arrested on Monday morning at the Nnamdi Azikiwe International Airport, Abuja, on his way to the United Kingdom for an official assignment. The NLC president was billed to attend the Trade […]