Aliko Dangote, Chairman of the Dangote Group, has urged petroleum marketers and the Nigerian National Petroleum Company Limited (NNPCL) to source fuel directly from his refinery to address Nigeria’s fuel demands. This announcement followed a meeting with President Bola Tinubu and key officials at the Presidential Villa in Abuja on Tuesday, October 30, 2024. According […]
Category archives: News
Nigeria Faces Third Petrol Price Hike in 60 Days Amid Economic Pressures
The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of Premium Motor Spirit (PMS), or petrol, to ₦1,025 per litre in Lagos and ₦1,060 per litre in Abuja—marking the third price hike within two months. This adjustment comes as the price of Nigeria’s Bonny Light crude drops from $75 to $72 per barrel, […]
Nigeria’s National Power Grid Suffers Fourth Collapse in October, Heightening Energy Stability Concerns
On Tuesday night, Nigeria’s national power grid partially collapsed, causing blackouts across parts of the country already grappling with previous system failures. This incident marks the fourth grid collapse in October and the ninth for 2024. Data from the Nigerian System Operator indicates that grid capacity dropped to 2,037.2 megawatts by 10:08 pm, with key […]
Latest Fuel Price and Petrol Scarcity Update for October 30, 2024
New Petrol Prices Across Nigeria The Nigerian National Petroleum Company Limited (NNPCL) has announced an increase in petrol prices amid ongoing economic challenges. Fuel prices in Lagos have risen to N1,025 per liter, while Abuja residents now pay N1,060 per liter. This adjustment, confirmed at NNPCL stations, has placed additional pressure on citizens already coping […]
Top Nigerian Newspaper Headlines for Wednesday, October 30, 2024
Good morning, Nigeria! Here’s today’s roundup of key headlines across Nigeria: Stay tuned for more Nigerian news on Nigeria Times News!
Dollar to Naira Exchange Rate Today: Black Market and CBN Rates for October 30, 2024
Dollar to Naira Exchange Rate Today What is today’s Dollar to Naira exchange rate on the black market, also known as the parallel market (Aboki FX)? Here’s a look at the black market rate for October 30, 2024, along with the official rates from the Central Bank of Nigeria (CBN). Black Market Dollar to Naira […]
House of Representatives Calls for Action in Anambra Killings
The House of Representatives has urged the Inspector General of Police, Kayode Egbetokun, and the Director General of the Department of State Services (DSS), Oluwatosin Ajayi, to take immediate action to find and prosecute those responsible for the recent killing of seven Nigerians in Ifite-Awka, Anambra State. This incident occurred near Nnamdi Azikiwe University when […]
Northern Governors Oppose Tinubu’s Proposed Tax Reform
The 19 governors from Northern Nigeria have voiced strong opposition to the Federal Government’s Tax Reform Bill, recently submitted to the National Assembly. At the heart of their concerns is a proposed shift to a Derivation-based Model for distributing Value Added Tax (VAT), which they argue would disadvantage northern and less industrial regions. Meeting in […]
NMA Calls for Uniform Salary Structure to Tackle Medical Brain Drain
The Nigerian Medical Association (NMA) President, Prof. Bala Audu, has called for a standardized implementation of the Consolidated Medical Salary Structure (CONMESS) across Nigeria’s 36 states, as the National Physicians’ Week begins in Uyo, Akwa Ibom State. During a press conference, Audu emphasized that the ongoing “brain drain” — the exodus of healthcare professionals to […]
Minister of Power Promises Northern Nigeria Power Restoration Within 72 Hours
The Minister of Power, Adebayo Adelabu, announced that electricity would be restored to Northern Nigeria within three days. Speaking to senators on Tuesday, Adelabu addressed the recent power outage affecting the region, which has been compounded by frequent grid collapses nationwide. The disruption began on October 22 when the Transmission Company of Nigeria reported an […]