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Expected joy and excitement over breaking of NNPC monopoly of fuel importation is missing ! Until now, state oil firm NNPCL had enjoyed a monopoly downstream market for years. The firm had singlehanded imported petrol consumed in-country, and had dictated prices. The downstream has been unbundled for the first time ever, with the arrival of first batch of petrol, 27 ...
Events
July, 2023
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20 July
Senate Unveils Tinubu’s Ministerial Nominees Today
There are more than one indication that the Senate President Godswill Akpabio will read the letter detailing President Bola Ahmed Tinubu’s candidates for cabinet positions today. YOUNEWS’ source confirmed that the list is already with the Clerk to the National Assembly Magaji Tambawal for onward delivery to the Senate President who is expected to officially read the letter on the ...
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19 July
I only moved the Car from Abuja To Delta State, I didn’t steal it — Man who test drive N55m Benz away
He said: “I’m from Ughelli in Delta State, but I live in Abuja. I’m into foreign exchange and bureau de change business. I have been doing this for seven years. I started along that line when I was in secondary school. My business is at Istanbul Airport, Turkey, so I used to shuttle between there and Nigeria. I started it ...
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19 July
APC touch lights SE for Omisore’s replacement
Indications are also there that the party may look away from Omisores’s zone to produce his successor . Iyiola Omisore was swept as National Secretary. One APC chieftain said, in the interest of fairness, a new party scribe must be of South-East extraction. “If we want to be fair to all sections of the country, the next National Secretary should ...
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19 July
Tinubu under pressure, admits N8,000 too small for family palliatives
President Bola Tinubu, on Tuesday, said his administration will review its earlier plan to distribute monthly cash grants of N8,000 to 12 million households for six months as part of efforts to assuage the hardship occasioned by fuel subsidy removal. This followed public criticisms of the policy, with the organised labour saying it falls short of the level of intervention ...
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19 July
Widespread anger against Tinubu, as fuel hits N630/litre
Increase in fuel price has become a vexatious issue..The general reaction when the subsidy was removed was ‘this may be the solution, let’s endure it’. Reactions over the increase on Tuesday is however a far cry.. Many are saying,.. when Tinubu came in we were optimistic and we felt that he started well but he has started to deviate. There ...
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19 July
APC : Adamu, Omisore out, Al-makura, Oyetola may be in
Barely 24 hours after the Acting National Chairman of the APC, Senator Abubakar Kyari, announced the resignation of his successor, Senator Abdullahi Adamu and National Secretary, Iyiola Omisore, positioning for replacement is in top gear! The new leadership of the All Progressives Congress has written to intimate President Bola Tinubu on the postponement of the long awaited National Caucus and ...
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19 July
Opinion : Agonies on the streets, as fuel price going to N850 per litre
Petrol now N568 per litre in NNPC stations from N488 without any formal information.What really is going on in Nigeria.This is the aftermath of no proper consultation and not one of the refineries working before the authoritative statement of “subsidy is gone”.When the economy is already biting hard and people are suffering after the subsidy removal, again for the second ...
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19 July
LG Chairman, Deputy die hours apart
Tragedy has enveloped Akure North Local Government Area (LGA) of Ondo State following the death of the Chairman of the council, Mr Bankole Ogbesetore and Mr Anthony Adebusole, his deputy. It was learnt that Mr Adebusola gave up the ghost three days after the demise of the Executive Chairman of the same LGA. Confirming the shocking death on Monday, the ...
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19 July
Fuel sells @ N700 in kwara, ‘ll be N800/litre soon – Credible source
Amidst the fuel pump price increase, oil marketers are predicting that that petrol price would hit N800/litre in a matter of days! YOUNEWS was told that once fresh products being imported by independent firms start arriving Nigeria, market forces will put the expenses on top and price would go up beyond. The National Controller, Operations, Independent Marketers Association of NIgeria, ...
