Fuel scarcity looms as petrol marketers decries delay in N500bn claims
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned Nigerians of the looming fuel scarcity in the country on the back of the N500 billion claims the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) owes its members. Bashir Danmalam, chairman, IPMAN, Kano State chapter, said the failure of
Fuel pump price jumps by 91% in six years
The cost of fuel pump increased from N87 per litre as of December 2015 to N165.77 by December 2021, showing an increase of 90.54 per cent. This is according to the Fuel Pump Price Per Litre – Average (PMS) data from the Central Bank of Nigeria. The Nigerian National Petroleum
Fintechs to explore eNaira for investment options
There are indications Nigerians will be able to leverage eNaira for investment purposes in the near future even though the central bank digital currency (CBDC) was created solely for financial transactions. At the sensitisation and activation session with Oshodi market leaders, the Central Bank of Nigeria (CBN) team leader, Yusuf
Seafarers lament unemployment, blame Cabotage Act
Seafarers, under the auspices of the Nigeria Merchant Navy Officers and Water Transport Senior Staff Association, say lack of enforcement and implementation of the Cabotage Act by regulatory agencies has resulted in unemployment in the industry. The President of the union, Bob Yousou, in a statement, blamed influx of foreign
Move to ban Russian oil threatens Nigeria’s fiscal stability
Nigeria may face fresh hurdles as the geo-political tension in Europe, yesterday, escalated with moves to officially ban Russian crude oil. The European Commission proposed a full ban on Russian crude oil following the continued attack on Ukraine. The proposed ban, which has sent oil prices rising by over four
Sallah: With no food or money after 30-day fast’ —Kogi workers lament
This year’s Eid-El-Fitri celebration did not go as planned for many workers in Kogi State as they have lamented the non-payment of their salaries by the state government. Some of the workers, who spoke with Daily Post on Monday, said their hopes of getting their salaries were dashed with the
Man goes into hiding after his wife gives birth to quadruplets
After his wife gave birth to four babies at the same time, a father from Lagos is said to have gone into hiding. Cissé Abdullahi, an apprentice tyre trader, reportedly left Nigeria after learning that his wife had given birth to quadruplets — two boys and two girls. According to
Mino Riola, who worked for Pogba, Lukaku, others is dead
Italian super agent, Mino Raiola, has died of an illness in Milan aged 54. Raiola was the agent of football superstars including Erling Haaland, Paul Pogba, Zlatan Ibrahimovic, Romelu Lukaku and Marco Veratti. According to Daily Mail, the 54-year-old had been hospitalised in Milan where he underwent surgery for an
Reject APC, PDP, embrace fresh ideas, Sowore tells Nigerians
Omoyele Sowore, presidential candidate of the African Action Congress, has asked Nigerians to reject both the ruling All Progressives Congress and opposition Peoples Democratic Party in the 2023 general election. Sowore said that the country now needed someone with fresh ideas and competence to take over the seat of power
Ban on menthol cigarettes and flavored cigars could save hundreds of thousands of lives, experts say
The US Food and Drug Administration is expected to announce a proposed rule this week to ban menthol from cigarettes, as well as to ban flavored cigars. It’s a step that public health officials say is essential to protect public health. “I’m really excited about the possibility. At our foundation,