FLASH: NNPC Reveals Main Reason Behind Petrol Price Hike

The Nigerian National Petroleum Company Limited (NNPCL) says foreign exchange illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), popularly known as petrol. These, it said, are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA). GISTSMATE MEDIA reports that the newest…

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VP Shettima Summons Petroleum Minister, NNPCL, NSA Ribadu Over Petrol Price Hike

Vice President, Kashim Shettima, on Thursday summoned the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and the Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. The Vice President also summoned the National Security Adviser, Nuhu Ribadu over the recent hike in the price of Premium Motor Spirit (PMS),…

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Kim Jong Un Orders Execution Of 30 Govt Officials For Deaths Caused By Floods 

North Korean leader Kim Jong Un has reportedly executed up to 30 officials following their alleged failure to prevent catastrophic flooding and landslides that caused around 1,000 deaths. According to South Korean media, Kim blamed the officials for the “unacceptable loss” of life and demanded strict punishment for those responsible. The executions reportedly took place…

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