'With Dangote Refinery On Board, We Are Entering A Northern Private Sector Monopoly' - Joe Ajaero
The recent fuel price spike, in response to new President Bola Tinubu's declaration that "the fuel subsidy is gone," has sent shockwaves throughout the country. With the opening of the Dangote refinery, the Tinubu government predicted, the system would improve and the market price will eventually adjust the price index.
With Dangote Refinery On Board, We Are Entering A Northern Private Sector Monopoly - Joe Ajaero
Since the new President Bola Tinubu said that "the fuel subsidy is gone," the topic of fuel subsidies has caused great concern throughout the country. As a result, fuel prices have increased. The Tinubu Government had stated that the Dangote Refinery would improve the system with the addition of 650,000 barrels of processed crude oil per day, and that market prices would gradually alter the price index.
'With Dangote Refinery On Board, We Are Entering A Northern Private Sector Monopoly' - Joe Ajaero
The recent activation of the fuel rise following the declaration by the new President, Bola Tinubu, that "the fuel subsidy is gone" has caused the fuel subsidy issue to roil the nation. According to the Tinubu Administration, the Dangote Refinery would improve the system by producing 650,000 barrels of refined crude oil daily, and market prices would gradually alter the price index.
We Are Entering A Northern Private Sector Monopoly With Dangote Refinery On Board, - Joe Ajaero
The recent activation of the fuel rise following the declaration by the new President, Bola Tinubu, that "the fuel subsidy is gone" has caused the fuel subsidy issue to roil the nation. According to the Tinubu Government, the Dangote Refinery would improve the system by producing 650,000 barrels of refined crude oil daily, and market prices will gradually alter the price index.
NNPC Announces Petrol Price Increase to Drive Market Competition
The Nigerian National Petroleum Corporation (NNPC) has recently confirmed an increase in the price of petrol, following President Bola Tinubu's announcement regarding the end of the subsidy era in his inaugural speech. Mele Kyari, the first group CEO of NNPC, spoke about this development during an interview with Arise TV, expressing gratitude that the petrol price has not yet reached N1000 per liter.
Document Raises Possibility of Petrol Prices Exceeding N500 per Litre
A recent document circulating in Nigeria's petroleum industry has sparked confusion and concern among stakeholders. The document, which was obtained by Vanguard, suggests that the retail price of petrol could exceed N500 per litre. According to the document, petrol prices in key cities like Abuja, Lagos, and Kano could reach N537, N488, and N540 per litre, respectively.
NNPC Limited Confirms Increment In Pump Prices Across The Country
According to Vanguard, The recent announcement from NNPC Limited confirms that the downstream sector of the Nigerian Petroleum Industry has undergone complete deregulation. This significant move has led to an increase in fuel pump prices across the country. President Bola Tinubu decided to remove the subsidy on petrol, which has resulted in the adjustment of pump prices at NNPC's retail stations to align with the current market conditions.
NMDPRA to stop regulating petrol prices
According to reports, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that it will no longer regulate the prices of petrol. The Chief Executive of the Authority, Mr. Farouk Ahmed, made this statement during a news conference in Abuja. Mr. Ahmed said that the decision to deregulate the petrol market was taken in line with the Petroleum Industry Act (PIA).
IPMAN Applauds Government's Approval for Private Petroleum Importers
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed its appreciation to the Federal Government for granting private firms the authority to import petroleum products. This move has been welcomed as a positive development by IPMAN, as it addresses long-standing concerns about the monopolistic control of the oil and gas sector by the Nigerian National Petroleum Corporation Limited (NNPCL).
Reason Why Your Car Speedometer Is Not Working And How To Fix It.
If your car speedometer suddenly stops working, it can be both frustrating and potentially dangerous. According to mechanicbase, the speedometer is a crucial component of any vehicle as it provides real-time information about your speed while driving. Several reasons can cause a speedometer failure, and here are a few common ones:
Nigeria's NNPC Implements Petrol Price Increase to Foster Market Competition and Economic Reform - Mele Kyari
The Nigerian National Petroleum Corporation (NNPC) has recently confirmed an increase in the price of petrol, following President Bola Tinubu's announcement regarding the end of the subsidy era in his inaugural speech. Mele Kyari, the first group CEO of NNPC, spoke about this development during an interview with Arise TV, expressing gratitude that the petrol price has not yet reached N1000 per liter.
Only ignorant people will criticize Tinubu's removal of fuel subsidy, he made a wise move- Kyari
The Nigerian National Petrol Company (NNPC) has confirmed an increase in the price of petrol. This adjustment comes shortly after President Bola Tinubu declared an end to the era of oil subsidies in his inaugural speech at Eagle Square. Mele Kyari, the first group CEO of the NNPC, has expressed his support for the President's decision, stating that only ignorant individuals would criticize him without considering the broader implications.
NNPCL confirms the increase in fuel pump price
According to Vanguard News, with the removal of the subsidy by President Bola Tinubu, NNPC Limited has verified the complete deregulation of the downstream sector of the Nigerian Petroleum Industry. Petrol is now sold at market prices. Pump prices at NNPC's retail stations have been modified, the company's chief corporate communications officer, Garba Deen Muhammad, announced in a statement on Wednesday.
China sees major progress in new industrialization
New energy vehicles roll off the line in a smart workshop of Chinese carmaker Leapmotor in Jinhua, east China's Zhejiang province. (Photo by Hu Xiaofei/People's Daily Online) By Wang Zheng, Han Xin, People's Daily Chinese new energy vehicle (NEV) manufacturers BYD and Neta Auto recently started building their first overseas manufacturing bases of passenger vehicles in Thailand.
NNPC Confirms Fuel Pump Price Increase as Downstream Sector Fully Deregulated
According to Vangaurd News report,The Nigerian National Petroleum Corporation (NNPC) Limited has officially announced the full deregulation of the downstream sector of the Nigerian Petroleum Industry. In a statement released by its Chief Corporate Communications Officer, Garba Deen Muhammad, on Wednesday, the NNPC confirmed that the pump price of petrol has been adjusted to reflect market dynamics, following the removal of subsidy by President Bola Tinubu.
Animal husbandry sees broad prospects in digitalization
Photo shows a breeding base of Haoyue Group, a leading player in the Chinese beef industry, in Changchun, northeast China's Jilin province. (Photo provided by Haoyue Group) By Meng Haiying, People's Daily In a breeding base of Haoyue Group, a leading beef product company, 800 fattening cattle are eating, pacing or enjoying massage therapies with the melodious sound of the piano.
Fashion industry and its key sectors
The fashion industry is a worldwide phenomenon, making billions of dollars a year and providing employment to millions of people in a variety of sectors. From fashion designers and production managers, to photographers and models, the fashion industry is huge. It is constantly evolving and adapting to keep it current with consumer needs and trends.
Plateau State Domesticates Child Rights Law
The Plateau State Government has finally domesticated the Child Rights Law, which was passed in 2005. The law was signed by the Chief Judge of the state, Justice David Mann, on Saturday, May 27, 2023. The domestication of the law means that it will now be enforced in Plateau State.
Refinery’s first product to hit market end of July – Dangote
Vanguard Newspapers reports that the first product from the Dangote Refinery, according to Aliko Dangote, chairman and CEO of the Dangote Group, "will be in the market before the end of July, beginning of August this year." During his welcome speech at the refinery's opening in Lagos State on Monday, Dangote made this revelation.
Dangote Refinery Petrol Hits Market July, FG To Save N35trn In Fiscal Expenditure Over The Next 5yrs
The inauguration of the Dangote Refinery and Petrochemical facility in Ibeju-Lekki, Lagos, Nigeria, is expected to have significant economic implications for the country. According to Governor of the Central Bank of Nigeria, Godwin Emefiele, the Federal Government may save approximately N35 trillion in fiscal expenditure over the next five years as a result of the refinery's operations.