Latest News
Fuel Price Uproar: NNPC’s ₦925/Litre Move Casts Shadow Over Lagos APC LG Ambitions
The Nigerian National Petroleum Company (NNPC) Limited has once again revised the pump price of petrol, increasing it to ₦925 per litre at its retail outlets in Lagos.....KINDLY READ THE FULL STORY HERE▶
This latest hike comes just two days after the previous increase to ₦915 per litre, further intensifying concerns among Nigerians already burdened by soaring living costs.
According to observations by TheCable, the new price has already been implemented at several NNPC stations, including those in Fin Niger, LASU-Iba, and Igando areas of Lagos.
The price adjustment is believed to be driven by continued volatility in the global crude oil market, exacerbated by the ongoing Middle East conflict.
Meanwhile, the Dangote Refinery has also adjusted its ex-depot price of petrol to ₦880 per litre as of June 21, ahead of its anticipated nationwide rollout of petroleum products—a move experts say could significantly alter the dynamics of Nigeria’s downstream sector.
As part of its expansion plans, Dangote disclosed that it has procured 4,000 CNG-powered tankers to strengthen its distribution network across the country.
However, the move has drawn mixed reactions from stakeholders. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has warned that Dangote’s push for deeper vertical integration could lead to monopolistic control, disguised as efficiency.
They also raised concerns about the potential displacement of independent marketers and job losses in the retail segment of the downstream sector.
Similarly, the Major Energies Marketers Association of Nigeria (MEMAN) has urged the federal government to clarify the scope of Dangote’s role in logistics and distribution, stressing that unchecked dominance could disrupt fair competition in the sector.
latest
Kwara PDP Protests As Govt Moves To Reopen Robbery Case Against Saraki, Others.
The Peoples Democratic Party (PDP) in Kwara State has strongly opposed reported moves by the state government to revisit the alleged Offa robbery case involving former Governor Abubakar Bukola Saraki and others.....KINDLY READ THE FULL STORY HERE▶
latest
2027: Oyo APC Senator Alli Declares Governorship Ambition.
Senator representing Oyo South, Sharafadeen Alli, has declared his intention to contest the Oyo State governorship election ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
latest
Showunmi Declares For Ogun 2027 Governorship, Seeks IPAC Support.
A PDP chieftain and convener of The Alternative, Otunba Segun Showunmi, has declared his intention to contest the 2027 Ogun State governorship election.....KINDLY READ THE FULL STORY HERE▶
-
latest8 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
