The queues for petrol grew worse in some parts of the country on Sunday following the shutdown of many filling stations amid heightened expectations of an increase in the pump price of the product. The Minister of State for Petroleum Resources, Chief Timipre Sylva, had on February 9 said Nigerians should prepare for the pain […]
Month: March 2021
Okonjo-Iweala resumes as WTO boss today
Ngozi Okonjo-Iweala takes over the World Trade Organization on Monday amid hopes that she will spur the beleaguered body into addressing its towering challenges, including the pandemic-fuelled global economic crisis. “The WTO is too important to allow it to be slowed down, paralysed and moribund,” the first woman and first African to ever lead the […]
NNPC rules out plans to increase ex-depot price of petrol in March
The Nigerian National Petroleum Corporation (NNPC) says there are no plans to increase the ex-depot price of premium motor spirit, better know as petrol, within the next one month. The ex-depot price is fixed by the Petroleum Products Marketing Company (PPMC), a subsidiary of the NNPC — it’s the price at which depot owners sell […]
Secure Anchorage Area: Navy, NIMASA Intensify Efforts on Security
…Launch Land, Sea, Air Operational Assets The Nigerian Navy and Nigerian Maritime Administration and Safety Agency (NIMASA) are intensifying efforts to protect, interdict, and deter threats around vessels anchored in the Secure Anchorage Area (SAA), off the coast of Lagos. Director General of NIMASA, Dr. Bashir Jamoh, announced this in Lagos during a courtesy visit […]
Lagos Begins Demolition Of Shanties, Shops Along Oshodi-Apapa Road
The Lagos State Government has commenced the demolition of shanties and other structures built on the right of way of the Oshodi-Apapa Expressway. The state task force led by the Federal Controller of Works, Mr Olukayode Popoola, particularly targeted shanties along the service lane at Ladipo, Toyota and Charity Bustops, as well as those located […]
Crude oil futures surge, as OPEC+ meeting becomes aparent
Crude oil futures surged during the mid-morning trade in Asia March 1, with the oil market reversing the previous session’s losses as risk-on sentiment gripped the markets following the US House of Representatives’ approval of further US fiscal relief, even as traders continued to eye the upcoming OPEC+ meeting. At 10:44 am Singapore time (0244 […]
Donald Trump To Run For US President In 2024
Donald Trump told conservatives Sunday he was considering running for president again in 2024, as he reasserted dominance over the Republican Party and warned of a “struggle” for America’s very survival. Echoing the grievance politics of his 2016 campaign and the harsh rhetoric of his one-term presidency, the 74-year-old fired up an enthusiastic crowd at […]