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.
News
Man Found Alive Nearly Two Weeks After Balogun Market Fire Incident
An update has been shared on the burnt building at Balogun Market on Lagos Island, as it was revealed that a man was rescued 11 days after the building caught fire.
According to reports, the man was found alive on January 6, 2026, after being discovered under the rubble of the collapsed structure.
The survivor has since been taken for proper medical care, while further details are yet to be released.
Meanwhile, passersby and market traders have expressed concern, fearing that more people may still be trapped alive inside the building.
News
Anthony Joshua Discharged from Hospital After Fatal Car Crash
It has been reported that Anthony Joshua has officially been discharged from the hospital following the terrible car crash that claimed the lives of his two closest friends and supporters.
The boxing star was deemed stable enough to go home after the accident. After his discharge, he visited the funeral to pay his respects and see the bodies of his two friends.
Many have expressed grief and offered their support to the boxing star, praying that he will be able to find peace, as grief will undoubtedly be one of the most painful challenges he will face in life.
News
‘Government Prioritizes Money More’ — PDP Calls Out FG On New Tax Law
It has been shared that the Peoples Democratic Party (PDP) is calling on the federal government to suspend the tax law set to take effect on January 1, 2026.
This was revealed in a statement released by Ini Ememobong, National Publicity Secretary of the PDP. He stated that this new law shows how Nigerians and the masses will be affected, arguing that the government is prioritizing finance over security and other pressing matters.
“Rather than address these issues comprehensively, the Presidency has consciously minimized them and instead insisted that the commencement date must stand, despite the discrepancies,” the party said, adding that this “clearly shows where the priority of the government lies between Nigerians and money.”
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