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Dangote Refinery: Refiners Recommend FX Rate Peg at N1,000/$ for Affordable Petrol Prices

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Refiners   have  proposed  that  if  the  federal government  pegs  the  foreign  exchange (FX)  rate at  N1,000 per  dollar, petrol  prices  could  fall below N600  per  litre.This  suggestion  is tied to ensuring  more  stable and  affordable  fuel  prices  in  Nigeria  as  the  Dangote Refinery   begins operations.The  aim is to  mitigate   the rising  cost of  petrol  and  the  fluctuating   dollar-naira  exchange  rate,  which  has  greatly  impacted  fuel import  costs.The  proposal  could  relieve  Nigerians   of   skyrocketing   energy   prices  if implemented.

 


 

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Lagos Police React to Alleged Extortion of Dispatch Riders on Coastal Road

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Lagos State Police react to claims of them taking money from dispatch riders on the Coastal Road in Lagos.

It started after a rumour was shared that police arrest and take money from riders as a demand for high bribes, sometimes reaching ₦200,000, and seize motorcycles if not given.

The Police Public Relations Officer, SP Benjamin Hundeyin, then addressed the claims online and stated in his statement that he disagreed that the rumour is true and stated, “The spread of misinformation only causes more harm than good. In this era, we can and must do better.”


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Ogun State Declares Tuesday Public Holiday to Mark 50th Anniversary

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It has been announced by the governor of Ogun that Tuesday 3rd of February is a public holiday in order to mark the 50th anniversary of the state creation.

This public holiday declaration was released in a statement by the secretary of the state, Tokunbo Talabi.

He then added that the holiday will provide as a day for the citizens to participate in the activities for the state milestone.


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Public Reacts as Dino Melaye Criticises Nigeria’s Economy While Abroad

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Former Kogi politician, Dino Melaye, faces backlash from the public after he shared a video on social media of him abroad and living well through his luxurious lifestyle.

In the same video, he speaks about Nigeria’s current economy and shares his disappointment.

He wrote, “See country, God help us to build a true nation where our wicked leaders will be in jail and the right people in power. Nigeria must be fixed. YES WE CAN.”

However, many state that what he posted and what he is saying contradict each other, and they accused him of sharing his own records to know if he was a corrupt leader.


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