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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.
Nigerian comedian Seyi Law takes to social media as he defends President Bola Tinubu. The comedian stated that the president has done a lot in his administration and claimed that Nigeria is safer and economically sound under his administration.
He then compared how things now to past years under the administration of others, and shared how things were bad. He claimed that now the economy is stabilized.
“Nigeria is safer now than 10 years ago. This government has killed more bandits than any government in Nigeria since the time of Jonathan. When last have you heard of bomb blast in Nigeria?”
It has been reported that fire occurred at the Murtala Muhammed International Airport, Lagos (MMIA), Terminal 1. This fire incident occurred on Monday, 23rd of February, 2026.
Passengers at that terminal were spotted running away for safety after seeing the fire and the alarm.
The Federal Airports Authority of Nigeria (FAAN) released a statement and shared that no life was lost and people were saved and avoided danger.
It has been reported that Kano State has closed down all entertainment spots across the state. This was stated to happen because of the ongoing Ramadan fast.
The federal government shared that the new law will take place from 18th of February, 10 pm, till the last day of Ramadan. This is in order for the people participating in it to truly focus on the fast.
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