NNPC Says No Plans To Increase Price of Fuel

The Nigerian National Petroleum Company has debunked reports of a likely increase in the price of petrol. Independent oil marketers (IPMAN) had alerted Nigerians to news of a further increase in the pump price of petrol to N680/N720 per litre if the dollar continued to trade between N910 and N950 on the parallel market. Organized labour, the Nigerian Labour Congress had on Monday of a nationwide shutdown if the pump price of petrol was increaseed.

Responding on its twitter handle, the retail arm of the NNPCL urged Nigerians to disregard speculations about any further increase in the pump price of petrol

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Tinubu Says No Plan To Increase Fuel Price

Nigeria's President Bola Tinubu says the Federal government has no plans to increase the pump price of petroleum in the country. This was made known to journalists at the Presidential villa by Spokesperson to the President Ajuri Ngelale while responding to the questions raised over the threat of nationwide strike by organized labour. According to him, “Mr. President and the industry stakeholders who have been widely consulted are convinced, based on information before them, that we can maintain current pricing without reversing our deregulation policy by swiftly cleaning up existing inefficiencies within the midstream and downstream Petroleum sector. This is why there is no increase in prices at this time.”

Tinubu's Government Takes Shape as President swears in New Ministers

Nigeria's President Bola Ahmed Tinubu as sworn in members of his cabinet that would help govern and develop various sectors and aspects of the nations economy. The swearing ceremony of the ministers which took place at the Presidential Villa in Abuja comes in three months after the inaugurationn of the Tinubu led administration. The inuaguration of the ministers comes three weeks after their screening by Nigeria's upper legiislative chamber the Senate. Present at the inauguration of the minsters were Vice-President Kashim Shettima, President of the Senate Godswill Akpabio, Speaker House of Representatives Tajudeen Abass Chief of Staff to the President Honourable Femi Gbajabiamila and Secretary to the Government of the FederationGeorge Akume. President Tinubu while addressing the ministers who hd taken their oaths of office congratulated tem foor their appointments which he said was based on merits of their quaifcatiions both in public and private lives and also charged the new...

ECOWAS military chiefs to meet in Ghana over Niger Coup

Defence chiefs of the Economic Community of West African states will this week meet in Ghana to review the ongoing situation in Niger following the military coup that saw the oster of Nigers President Mohammed Bazoum ousted from office. The meeting which was ealier scheduled to take place last Saturday was postponed and is now scheduled to hold on Thursay and Friday in Accra, Ghana this week. The meeting of the military chiefs is coming after leaders of the Economic Community of West African States (ECOWAS) had approved the deployment of a standby military force to restore democratic and constituional order in Niger last week. Ousted President Mohammed Bazoum is currently being held by the junta after being removed from office on July 26. Ecowas leaders had given the military one week to restore power to Bazoum which the coupists failed to comply with. There have been mixed signals between ECOWAS leaders and Nigers military who said they were open to diplomatic talks after a meeti...

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