News
Petrol Landing Cost Drops to N981 Amid Global Price Decline
The landing cost of petrol in Nigeria has decreased to N981 per litre, down from N1,130, largely due to falling global crude oil prices, with Brent crude trading at $71.41 per barrel. This change coincides with major oil marketers beginning to import petrol and the Dangote Petroleum Refinery increasing local production after years of dependence on imports.
Despite the reduction in landing costs, pump prices remain high, with ex-depot prices varying between N865 and N1,400 across different cities. The Nigerian National Petroleum Company (NNPC) has indicated that petrol from the Dangote refinery will be priced above N1,000 per litre in many northern states.
Ongoing negotiations between NNPC and Dangote reflect the market-driven nature of fuel prices, and there is optimism that costs may decrease further with the expected sale of crude oil starting on October 1, 2024.
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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