The Federal government has announced an increased in petroleum pump price, otherwise known as PMS, to N151.56 per litre. This Pipelines and Product Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, made the announcement in a statement on Wednesday. “Please be informed that a new product price adjustment has been effected on our payment platform. “To this end, the price of Premium Motor Spirit (PMS) is now N151.56k per litre.” “This takes effect from September 2, 2020,” the statement reads.
Author: Abdallah el-Kurebe
The National Bureau of Statistics (NBS) says the country recorded a trade balance deficit of N1.8 trillion at the end of the second quarter, making the third consecutive quarter of negative trade balance. This was contained in NBS’s report for the second quarter on ‘Foreign trade in goods statistics’ released on Wednesday. According to the report, the value of Nigeria’s merchandise trade stood at N6.24 trillion in the second quarter of 2020. “This indicated a sharp fall of 27.30 per cent in Q2, 2020 compared to Q1, 2020 and 27.46 per cent compared to Q2, 2019. “The value of total…
The Presidency has debunked an online report that President Muhammadu Buhari’s aide, Sarki Abba is COVID-19 positive. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu in a statement on Wednesday, described the report as“false and disgraceful lies’’ and advised Nigerians to ignore such report. “The Presidency wishes to advise Nigerians to ignore determined agents of fake news bent on spreading false stories to the public. “We react to the utter falsehood and disgraceful lies, a report by the so-called digital newspaper which, on Wednesday, claimed that President Muhammadu Buhari’s aide, Sarki Abba is COVID-19 positive. “This…
The President of Nigerian Union in South Africa (NUSA), Mr Adetola Olubajo, has said that 11 Nigerians have so far died of COVID-19 in that country. In a statement on Wednesday, Olubajo said that the COVID-19 deaths were only for Gauteng Province. “At the last count, 11 Nigerians have died from COVID-19 in Gauteng Province alone. I have attended the funeral of some of them,’’ he said. According to Olubajo, the disease is real and has devastated several countries of the world. He said the biggest challenge was the belief by some Nigerians in South Africa that the disease was…
The Director-General, Lagos State Emergency Management Agency, LASEMA, Dr Olufemi Oke-Osanyintolu has confirmed the death of two persons in an accident that occurred along Anthony-inward-Gbagada Tuesday night in Lagos. Four other persons sustained serious injuries. According to him, LASEMA received distress calls on the accident, around 10.30 p.m. on Tuesday. He added that four vehicles were involved in the accident, comprising two tipper-lorries, one petroleum tanker and one commercial bus. He attributed the cause of the accident to reckless driving that left occupants of the bus trapped. “With the use of the LASEMA’s light rescue equipment, six people were rescued…
A report by Yiaga Africa,has identifiedthe All Progressives Congress, APC, and the Peoples Democratic Party, PDP, as two dominant political parties that are promoting violent rhetoric, hate speech, vandalism, and violence. According to its first Pre-Election Observation (PREO) Report dated August 31, 2020 and tagged: “2020 Edo Election: An election defined by strong arm tactics and violence,” a copy of which was forwarded to Ashenewsonline on Tuesday, Yiaga mentioned series of cases to substantiate its claim to the result of the report. The report further noted that apart from “violence built around well-known strongmen, thugs, touts, gangsters, and cultists,” the…
Ministers from various ministries are making presentations, as President Muhammadu Buhari is currently presiding over the 14th virtual meeting of the Federal Executive Council (FEC) at the Council Chambers of the Presidential Villa, Abuja. Reports from Abuja say that the Ministries of Aviation, Transportation, Justice, Communications, Health as well as Finance, Budget and National Planning, are expected to make presentations during the meeting. Those in attendance of the meeting include the Vice-President, Prof. Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha and Chief of Staff to the President, Prof. Ibrahim Gambari. Others physically attending the meeting at the…
The Nigeria Centre for Disease Control (NCDC), has reported 239 new cases of COVID-19, bringing the total to 54,247. The breakdown, according to the Centre’s Twitter handle, @NCDCgov is as follows: Plateau-116FCT-33Lagos-19Ekiti-12Kaduna-11Ogun-11Ebonyi-8Benue-7Abia-5Delta-5Ondo-4Edo-3Imo-2Osun-2Bauchi-1 A total of 42,010 persons have been discharged and 1,023 deaths so far.
Nigeria’s steel giant, KAM Steel Integrated Company, a subsidiary of KAM Holdings, has acquired a Steel Plant Assets owned by the Standard Metallurgical Company, (SMC) in Sagamu, Ogun State. This is part of its efforts towards boosting its capacities for the Iron and Steel production. The Group Managing Director/CEO of KAM Holding, Dr. Kamoru Yusuf, third left, and his wife Dr. Bolanle Yusuf flanked by the management team of Standard Metallurgical Company Limited at shortly after the handing over ceremony on Monday August 31, 2020. According to the firm, about 10,000 jobs would be created for Nigerians. It urged the…
The African Energy Chamber held its first meeting with its Local Content Committee today, placing local content development at the core of its activities. With several established markets like Nigeria or Angola and frontier energy markets such as Senegal or Uganda, the oil sector supports several of Africa’s economies. As a result, the African local content has become a key priority for government, regulators and industry stakeholders. Issues around the perceptions and understanding of local content dynamics were major topics of discussion. Key points put forward included the need for African governments and companies to develop better implementation of local…