IPMAN denies Petrol Hike to N700 per Lite The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted the association’s purported proposal to raise the pump price of Premium Motor Spirit (PMS), better known as petrol, to N700 per litre across the country. Alhaji Dele Tajudeen, Chairman of IPMAN Southwest Zone, stated this in an interview with the News Agency of Nigeria in Ibadan on Friday. The chairman, therefore, urged Nigerians to disregard the speculation and not engage in panic buying. Tajudeen stressed that the price of the product would not be more than what is being sold…
Author: meridianspy
The Federal Government spent $62.66m to service railway-related debts in the first quarter of 2023, according to Nigeria’s external debt service payments report by the Debt Management Office. Between January and March 2023, The Nigeria Railway Modernisation Project (Idu-Kaduna Section) took $23.1m The Nigeria Railway Modernisation Project (Lagos-Ibadan Section) gulped $15.49m. The PUNCH also learnt that the Nigeria Abuja Light Rail Project gulping $24.07m. The total amount spent in Q1 2023 is a slight increase from the $61.73m spent in Q1 2022. The rising railway debt servicing costs occurred as the government struggled to generate revenue from the railway sector.…
Chief Ralph Uwazuruike, the head of the Biafra Independence Movement and Movement for the Actualisation of Sovereign State of Biafra, disassociated himself from the conflict between the Indigenous people of Biafra and Alhaji Mujahid Asari Dokubo, the former head of the Niger Delta People’s Volunteer Force, on Friday. According to a statement made on his behalf by Mazi Chris Mocha, his Director of Information and Senior Special Assistant on Media and Publicity, Uwazuruike is only concerned with how IPOB leader, Nnamdi Kanu, can be freed from the Department of State Services prison, not what Asari Dokubo said on social media.…
Troops of the 4 Special Forces, Doma, Nasarawa State, have arrested 12 suspected rail track vandals at Angwan Yara, Keana Local Government Area (LGA) of Nasarawa State. Maj. Joseph Afolasade, Acting Deputy Director, Army Public Relations of the Command, made the disclosure at a press briefing on Friday in Doma. According to Maj. Afolasade “On June 15, 2023, troops of the Command, during a routine patrol, intercepted five suspected rail track vandals at an abandoned railway station between Angwan Yara and Agyaragu communities of Keana LGA. “The suspects were arrested with a large quantity of rail tracks loaded in two…
Port Decongestion: NPA auctions Overtime Cargoe The Nigerian Ports Authority (NPA) says it has begun the evacuation of overtime cargoes to help decongest the ports. A cargo is classified as overtime if the importer does not clear it after 90 days — all overtime cargo are subject to seizure by customs. The NPA said the activity is done to rid the ports of congestion and pave the way for efficient port operation. Josephine Moltok, general manager of corporate and strategic communications at the NPA, spoke on the need to evacuate overtime cargoes in a statement in Lagos. Advertisement “The Lagos…
First Lady Oluremi Tinubu, along with other top government officials, will attend the Super Falcons’ send-off dinner before the team departs for the FIFA Women’s World Cup in Australia and New Zealand. According to the News Agency of Nigeria (NAN), the FIFA Women’s World Cup will take place over the course of one month, from July 20 to August 20. In a statement by Ademola Olajire, Head of Communications of the NFF on Thursday, noted that the dinner, organised by the country’s football body will hold on Saturday at the Transcorp Hilton Hotel, Abuja. “We are expecting the Permanent Secretary…
Despite the commencement of the African Continental Free Trade Area (AfCFTA), Nigeria’s intra-African trade has continued to underperform expectations, with trade value falling 11.95 percent year on year (YoY) to N842.6 billion in the first quarter of 2023 (Q1’23) from N956.93 billion in Q1’22).. AfCFTA, which aim to enable a free flow of goods and services across borders in Africa and boost the trading positions of the continent in the global market, is projected to boost trade within the region by 52.3 percent by 2025, according to the International Monetary Fund (IMF). However, more than three years after the AfCFTA…
Parents and students of some universities across the country have cried out over the hike in school fees, saying the development could worsen their current economic pains and lead to mass students’ withdrawals, Daily Trust reports. Many universities, both federal and state-owned, have issued releases on upward adjustments of registration fees for courses being offered with some of the increment spiking as high as 300%. The development coupled with the harsh economic realities exacerbated by the recent removal of fuel subsidy and the Central Bank of Nigeria’s (CBN) devaluation of naira, has compounded the woes for ordinary Nigerians in…
The federal government may have eased the ban on automobile importation across land borders, according to reports, The initiative is expected to revitalize economic activity along the corridor. Meridian Spy reports that the last administration had closed land borders between Nigeria and Cotonou, Benin Republic, and subsequently banned the importation of vehicles through that axis. The Director of Road Transport in the Ministry of Transportation, Ibrahim Musa, yesterday, however, disclosed that the federal government has approved the re-opening of the Seme border for the importation of vehicles He disclosed this at the Economic Community of West African States (ECOWAS) meeting,…
59 Flights cancelled over Switzerland’s Airport Workers’ Strik Some 59 flights were cancelled at Geneva’s international airport on Friday, it said, after operations were halted for four hours because of a strike by workers at the start of the busy summer travel season. “Because of the social action… the direction decided a temporary halt of operations from 6:00 am to 10:00 am (0400 GMT and 0800 GMT),” the airport said in a tweet early on Friday. “59 flights — arrivals and departures — cancelled.” An airport spokesman said on Thursday that some 8,000 passengers were estimated to be affected…
The presidential candidate of the Labour Party in the 2023 general election, Mr Peter Obi, has deleted a tweet addressing Bola Tinubu as ‘Mr President.’ Obi is challenging the declaration of Tinubu, the All Progressive Congress candidate, as the February 25th election winner. He had sparked reactions on social media after condemning the 120-car convoy of the president when Tinubu returned from France. Obi, in the deleted tweet, wrote: “Mr President moving with about a 120 – car convoy. While I have not had the opportunity of seeing the said video, my advice remains consistent – that sacrifices for…
By Kabir Abdulsalam The former Chief of Defence Staff (CDS), Major-General Lucky Irabor (rtd), has said his leaving the Nigerian Armed force bigger, stronger and more capable to deliver on its constitutional mandate and national security functions. Gen. Irabor stated this on Friday at a pulling out parade held at the Mogadishu Cantonment, Asokoro, Abuja. Irabor while biding farewell to his distinguished military career after 37 years in service and served as the CDS in the past 29 months . He expressed his deep gratitude for the opportunity to serve Nigeria and its citizens while praising the bravery and…