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Marketers Petition Tinubu Over Plummeting Diesel Prices, Senate Delays Sabotage Hearing

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Devakumar Edwin, Vice President of Dangote Industries Limited, revealed that petroleum marketers in Nigeria have raised concerns over the pricing of locally refined diesel.

These marketers have formally approached President Bola Tinubu, expressing dissatisfaction with the current price trends.

According to Edwin, diesel prices have seen a significant reduction, dropping from N1,200 per litre to N900 per litre, and this has had an adverse effect on the marketers’ businesses.

He shared these insights during a Twitter Space session hosted by Nairametrics on Thursday.

During the session, Edwin explained that the marketers are worried about the declining prices, which, in their view, threaten their business profitability.

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They believe the situation could impact the overall dynamics of the oil and gas industry if not addressed promptly.

Additionally, the Senate recently announced a delay in the public hearing concerning alleged sabotage in Nigeria’s petroleum sector.

This development was confirmed by Senator Opeyemi Bamidele, the Leader of the Senate and Chairman of the Senate Ad-hoc Committee, who stated that the hearing would be postponed.

The issue of sabotage has been a topic of concern, and stakeholders hope the eventual hearing will shed light on the underlying issues affecting the industry.


 

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FCCPC to Find Out Why Uber Exited Nigeria Amid Consumer Concerns

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It has been reported that the Federal Competition and Consumer Protection Commission (FCCPC) is planning to investigate and find out why Uber left Nigeria.

While FAAN has shared that it had no involvement in Uber’s exit, the FCCPC stated that it will find out what led to the decision, following concerns and complaints from users about the company’s exit.

FAAN also shared that it understands consumers’ concerns, as people are worried about the holiday period, when people coming into the country may need rides and Uber is no longer available, as it was a reliable source of transportation.


 

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FAAN Breaks Silence on Claims Over Uber’s Departure From Nigeria

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Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.

The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.

FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.

FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”


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Governor Umo Eno Reveals He Made ₦10m Monthly Selling Akara And Bread

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Governor of Akwa Ibom, Pastor Umo Eno, reflected on a career choice he made when he had no choice back then.

The governor recalled how he made not less than ₦10 million in a month from selling bread and akara.

He stated “I started selling Akara and bread. Back then, I was doing Akara Burger — we opened the bread and put Akara inside for you. I made not less than ₦10 million in a month.”

Many Nigerians reacted and wondered if his reflection was in response to what the First Lady advised Nigerians earlier about selling corn.


 

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