News
Nigeria’s Petrol Landing Cost Drops to ₦971 per Litre, But Pump Prices Stay High
The landing cost of petrol in Nigeria has fallen to ₦971 per litre in November 2024, down 20.23% from ₦1,219 in August, according to the Major Energies Marketers Association of Nigeria.
This reduction is due to changes in the Naira-to-dollar rate and lower global crude prices, with Brent crude now at $73.63 per barrel and the Naira trading at ₦1,678.87 per dollar.
Despite this decrease, petrol remains costly at the pump, with prices between ₦1,060 and ₦1,200 per litre across various stations.
Ex-depot prices from Dangote Refinery range from ₦960 for petrol transported by ships to ₦990 by trucks.
The Nigeria Labour Congress has raised concerns about consumer affordability, noting that pump prices still exceed expected market rates.
It has been reported that Bola Ahmed Tinubu was absent at the commissioning of the Opebi-Mende Link Bridge, which took place on April 8, 2026.
However, Senate President Godswill Akpabio represented the President and carried out the ceremony.
As he commissioned the project, he stated “On behalf of President Bola Ahmed Tinubu, I commission these projects.”
Residents of Lagos should prepare for traffic disruptions as several roads will be closed due to the visit of Bola Ahmed Tinubu, who is set to commission infrastructural projects.
The commissioning will take place on April 8 and 9, 2026.
Affected areas on Wednesday (April 8):
Opebi, Allen Avenue, Ikeja, Ojota, and Victoria Island.
Affected areas on Thursday (April 9):
Lekki-Epe Expressway, Ikoyi, Victoria Island, and Ajegunle.
Motorists are advised to plan alternative routes and expect heavy traffic during these periods.
President Donald Trump makes headline as he threatens Iran on social media.
The president shared “Open the F***ing Strait, you crazy bastards, or you’ll be living in Hell — JUST WATCH!”
It can be noted that he even did a countdown on Saturday “48 hours before all Hell will rain down on them,” he warned Saturday. “Time is running out.”
Fans React as Wizkid Joins Burna Boy–DJ Tunez Drama
Moses Bliss Apologises After Graphic Design Backlash
Is AI Replacing Artists? DJ Neptune Shares Concerns
-
News18 hours agoAkpabio Represents Tinubu at Lagos Bridge Commissioning
-
Sport17 hours agoLookman Applauds Atlético Madrid After 2–0 Win Over Barcelona
-
Entertainment15 hours agoMoses Bliss Apologises After Graphic Design Backlash
-
Entertainment17 hours agoIs AI Replacing Artists? DJ Neptune Shares Concerns
-
Entertainment15 hours agoFans React as Wizkid Joins Burna Boy–DJ Tunez Drama