Connect with us

News

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

Published

on


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.

 


 

News

“You Can Still Have Subsidy Without Long Queues” — Rufai Oseni Speaks On Subsidy

Published

on


TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.

“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.

“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.


Continue Reading

News

Sanwo-Olu Speaks on Lagos’ Power Challenges and the Need for Change

Published

on


Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.

He speaks on ways things can change in the state and how electricity can be provided.

“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”

“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.

“We take two steps forward, we go five steps backward,” he said.

Advertisement

Continue Reading

News

Sanwo-Olu Declares August 20 Public Holiday in Lagos for Isese Festival

Published

on


Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.

Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.

He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.


Continue Reading

Trending