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Dangote petrol price rises to N1,175 as crude oil spikes

The Dangote Petrochemical Refinery has raised the ex-depot price of Premium Motor Spirit to N1,175 per litre, reversing an earlier reduction of N100 announced earlier in the week, as a fresh surge in global crude oil prices pushes up refining costs. A senior official who spoke with our correspondent anonymously because he was not authorised...
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NSIB Reports 23 Damaged Components

The Nigerian Safety Investigation Bureau has revealed that at least 23 components of the aircraft sustained damage following an abnormal engine event mid-flight. This was contained in a preliminary report on the incident involving a Boeing 737-700 operated by Arik Air,  made available to PUNCH Online by the Director of Public Affairs and Family Assistant...
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Tinubu Unveils Nigeria’s Petroleum Reform Task Force

President Bola Tinubu has named the co-founder of Guaranty Trust Bank and founder and chairman of the Fate Foundation, Fola Adeola, as the chairman of the newly established Presidential Petroleum Reform and Value Optimisation Taskforce. The taskforce bears the responsibility of designing and sequencing the next phase of structural reforms in the country’s petroleum sector....
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Indorama partners for major recycling plant in Nigeria

Indorama Ventures Public Company Limited, together with Nigerian Breweries Plc and Genesis Power & Energy Solutions Ltd, has entered a strategic partnership to establish one of Africa’s largest state-of-the-art recycled PET production facilities in Nigeria, based on planned production capacity. The landmark collaboration marks a significant step toward strengthening circular economy infrastructure and sustainable packaging...
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Petrol import ban divides marketers as Dangote hikes price

Nigeria’s downstream petroleum sector is witnessing growing disagreement among oil marketers following the Federal Government’s suspension of petrol import licences, even as the Dangote Petroleum Refinery on Friday raised its depot price of Premium Motor Spirit (petrol) to N1,175 per litre amid rising global crude oil prices. Dangote reversed an earlier reduction of N100 announced...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...