Author: TheLagosianMagazine

Nigerian National Petroleum Corporation has reportedly suspended the sale of Premium Motor Spirit – popularly called petrol – to independent marketers after it hiked the product’s price on Tuesday. This is even as three vessels berthed at the Apapa, Lagos jetty on Wednesday to discharge imported petrol. The price hike sparked a protest in Delta State as commercial tricycle operators, also known as ‘keke’ riders, took to the streets of Warri and Effurun metropolis to resist the price hike. Checks by our correspondents revealed that commuters across the country were either stranded or trekked long distances on Wednesday as fuel…

By Jimmy Fatunbi Billionaire businessman Femi Otedola has congratulated his friend and brother Aliko Dangote on the actualisation of his $20bn refinery in Lagos. Otedola said with petrol now rolled out by the Dangote Refinery, the days of Nigeria bowing to foreign powers for our fuel needs are over. “You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long. The days of bowing to foreign powers for our fuel needs are over, thanks to your vision and determination,” Otedola wrote in a social…

By Jimmy Fatunbi Business magnate Aliko Dangote has announced that the Federal Executive Council (FEC) is finalizing a new pricing arrangement for petrol produced at the Dangote Refinery. The 650,000-barrel-per-day refinery, which officially launched its refined petrol production on Tuesday, is set to deliver its first batch of fuel to filling stations within the next 48 hours, depending on the country’s distribution network. Speaking about the retail price of the petrol, Dangote explained, “The pricing arrangement is being designed and approved by the Federal Executive Council, led by His Excellency, President Bola Ahmed Tinubu. Once the final details are settled…

By Jimmy Fatunbi The Federal Government has reacted to the allegation of a proposed increase in the price of premium motor spirit, also known as petrol. The government has dismissed reports that the Ministry of Petroleum has ordered the Nigerian National Petroleum Company Limited (NNPCL) to sell fuel at N1,000 per litre, above the approved pump price. In a statement signed by Nnemaka Okafor and made available to newsmen on Tuesday, the government described the reports as “outright falsehoods” and “baseless fabrications” aimed at sowing discord and confusion in the oil industry. The statement noted that the Federal Government has…

Two days after NNPC cried out that the burden of petrol price has pushed it into over $6 billion debt, the Nigerian National Petroleum Corporation, NNPC, Limited, on Tuesday morning, increased its pump price of fuel from N617 per litre to N897 per litre. This is an increase of over 45 percent. Checks at NNPC Retail stations in Abuja reflected the new fuel price. An unconfirmed trending message on social media platforms had earlier hinted at the new fuel price. The message read: “Good morning all. This is to inform you that NNPC Retail Management has approved an upward review…

A 300-level student of the College of Medicine, University of Lagos, simply identified as Williams has reportedly taken his own life just a day before the commencement of the school’s examinations. Speaking with Premium Times, the Provost of the College of Medicine, Professor David Oke, suggested that the student may have taken his own life due to the intense pressure of the upcoming exams. This suspicion arose after some of Williams’ colleagues reported that he had posted a cryptic message, such as “goodbye,” shortly before his death. Professor Oke emphasized that the exact cause of death remains uncertain at this…

A 300-level student College of Medicine, University of Lagos, simply identified as Williams has reportedly taken his own life just a day before the commencement of the school’s examinations. Speaking with Premium Times, the Provost of the College of Medicine, Professor David Oke, suggested that the student may have taken his own life due to the intense pressure of the upcoming exams. This suspicion arose after some of Williams’ colleagues reported that he had posted a cryptic message, such as “goodbye,” shortly before his death. Professor Oke emphasized that the exact cause of death remains uncertain at this time, and…

By Jimmy Fatunbi Acting icon Joke Silva, former director general of the Nigeria Stock Exchange Oscar Onyema, former president of the National Institute of Public Relations, Nkechi Alli-Balogun, amongst others paid tribute to the legendary singer, actor and journalist, Onyeka Onwenu (MFR) as she was laid to rest in Lagos, Nigeria on Friday, 30 August. “We were at the party together; we were on the same table. At some point while she was performing when she was going around the room, she came to me. You know, I’m a super armchair dancer. I don’t like getting up to dance, but…

BOGOTA, COLOMBIA – SEPTEMBER 01: Nigeria has edged Korea Republic 1-0 in their FIFA U-20 Women’s World Cup opener with Flourish Sabastine’s late effort separating the sides. The Group D – FIFA U-20 Women’s World Cup Colombia 2024 match between Nigeria and Korea Republic was played at Estadio Metropolitano de Techo on September 01, 2024 in Bogota, Colombia. Korea Republic had the game’s first big chance. Cho Hyeyoung produced an excellent, inviting cross from the left. Park Soojeong threw herself towards the ball but, from point-blank range, was just inches away from making a connection. Back came Nigeria. Lucky Nkpa,…

Some prominent members of the Peoples Democratic Party have challenged the former Governor of Rivers State and current Minister of the Federal Capital Territory, Nyesom Wike, asserting that he cannot dismantle the party. Wike, while speaking at the PDP secretariat in Port Harcourt, the Rivers State capital, on Saturday during the party’s state congress, warned PDP governors to stay clear of the party’s affairs in Rivers, threatening to “put fire in their states.” He stated, “Let me assure all of you, not while we live will anybody take away the structure of the PDP from us. But let me tell…