The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months. This follows an increase from N2200 in August 2021 to N4500 in August 2022, indicating a 105 per cent increase over the period. The exponential increase in the price of cooking gas also follows a similar trend with other deregulated petroleum products such as kerosene and diesel, which have also recorded significant spikes this year. It was reported that the price of kerosene used by several families have jumped to N800 per…
Author: YemieFash
Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and gas revenue target by the end of the year. The Federal Government, in the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper recently presented by the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, blamed oil production shut-ins due to pipeline vandalism, crude oil theft and high petrol subsidy cost. Most industry experts who spoke with The PUNCH on Sunday also attributed the decline to oil theft, which appears to have defied solutions. After…
Anthony Joshua has reserved special praise for his heavyweight counterpart Oleksandr Usyk ahead of their upcoming world championship fight at the Jeddah Super Dome in Saudi Arabia on August 20. Usyk dominated the Englishman during their previous Wembley bout that saw Joshua lose his world title belts for the second time in his career. Despite cutting a more brash attitude in the build-up to the rematch, Joshua demonstrated his respect for Usyk who stayed to fight in Ukraine when Russia began their invasion of his homeland. The 35-year-old was part of the Ukraine Defence Battalion and was…
Governor Nyesom Wike of Rivers State has denied filing a suit against the Peoples Democratic Party, PDP; its presidential candidate, Atiku Abubakar; and Sokoto State Governor, Aminu Tambuwal. Speaking at the commissioning of House of Assembly Quarters in Port Harcourt, Wike said he was focused on delivering the dividends of democracy to the people of the state. “People have called me that I went to court against Atiku Abubakar. “I want to state categorically, that I didn’t go to court. I just want to say it for Nigerians to know. I have kept quiet. I am busy delivering…
The Presidential Candidate of the Labour Party, LP, Mr. Peter Obi, has reiterated his commitment to building a productive nation anchored on youths’ development, saying that their youthful energy, skills and potentials were critical ingredients needed to move the nation from consumption to production. Obi revealed this steadfast commitment in his International Youth Day Message. He stated that the dream of rescuing the country from leadership failure will not come to fruition without the help of the youths whose future, he said, was being damaged by bad governance in the country. “Everywhere you go in the world,…
The Colleges of Education Academic Staff Union (COEASU) has suspended its two-month-old nationwide strike. The union in a communique jointly signed by the president, Dr Smart Olugbeko, and the general secretary, Dr Ahmed Lawan Bazza, on Friday in Abuja, said the strike action was suspended for a cool-off-period of 60 days to give the government the opportunity to perfect the progress made so far into tangible achievements that are acceptable to the union. The strike, which was started on June 10, 2022, was suspended following the meeting of the National Executive Committee (NEC) of the Union held at Ukeje Hall, National…
Terrorists are creating a parallel government in Kaduna State, Governor Nasir El-Rufai has told President Muhammadu Buhari. In a July memo to the President, he stated that terrorists have infiltrated and dominated communities and formed “a parallel governing authority”. According to him, they now exercise control over social and economic activities and even dispense justice in their areas of control. A source close to El-Rufai confirmed that the governor wrote the President over the issue. First reported by Premium Times, the governor said the terrorists have advanced in their plans to make Kaduna forest areas their “permanent…
Labour Party (LP) presidential candidate, Peter Obi, yesterday vowed to return power to the citizens. He said in 2023, Nigerians would no longer allow “drivers that don’t know where we are going” to lead the country. The former Anambra State governor spoke at a leadership summit by the party in Abuja. The summit had coalition groups working for the presidential bid of the former Anambra State governor in attendance. Obi said his job in 2023 is to wrest power from those who hold it presently and return it to the people. He said his administration would provide…
The House of Representatives has again summoned Central Bank of Nigeria (CBN) Governor Godwin Emefiele and the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, over issues surrounding the payment of subsidy on petroleum products in the last 10 years. The House ad hoc committee investigating oil subsidy payments between 2013 and 2022 issued the summons, following the failure of Emefiele and Nami to appear before it at the National Assembly yesterday in Abuja. The committee turned back a Deputy Director with the CBN, Hussein Kagara, who was to represent Emefiele, and the Special Assistant to…
The Attorney-General and Minister of Justice, Abubakar Malami (SAN) yesterday described the objections by governors over the $418milion Paris Club refund as “noise”. According to him, the complaints are unjustified and are “a clear case of absence of defense.” He believes the controversies trailing the payment of consultants hired by the governors were needless. Malami spoke at the weekly ministerial briefing organised by the Presidential Communication Team. He blamed the controversy on the change of leadership by the Nigeria Governors Forum (NGF). Malami said: “The liability or judgment-debts related to Paris Club was created by the Governor’s…