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…
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),…
The federal government has commenced the sale of 30,000 metric tonnes of milled rice to Nigerians at subsidised rates of N40,000 per 50-kilogramme bag. “It is my pleasure to welcome you all to this historical, all-important and long-awaited inauguration of the sales of 30,000MT of federal government-milled rice to Nigerians at a subsidised rate of…
The federal government says it has reviewed the feeding allowance of all the inmates serving their respective terms in the Nigeria Correctional Service (NCoS) across the country by 50 per cent Daily Trust reports that the review came on the heels of a recent viral video which showed that inmates complained of poor feeding in…
The Senior Special Adviser to Ondo State Governor on Students Affairs, Hon Kelvin Solomon Olaolu has felicitated with George Adesola Asonja, Esq on occasion of his birthday. Director of Protocol to Ondo State Governor Hon. Olaolu described Asonja, the Director of Protocol to Ondo State Governor as a committed man, who has been very responsible…
The police have confirmed the arrest of the operatives who allegedly extorted N3 million from a Nigerian man in Bayelsa State, South-south Nigeria. The Force spokesperson, Muyiwa Adejobi, disclosed this in a post on his X handle on Thursday. PREMIUM TIMES earlier reported how some police operatives allegedly extorted money from the man, Kelechi Isaac,…
The Director-General (DG) of NYSC, Brig.-Gen. Yusha’u Ahmed, has informed corps members that they will not regret participating in all the camp activities. According to him, such activities are meant to make them rugged and enable the corps members to outstand future rigours of life. Ahmed said the regimented camp activities were aimed at instilling…
GISTSMATE MEDIA reports that Edwin Clark, leader of the Pan Niger Delta Forum (PANDEF), says Kayode Egbetokun, inspector-general of police (IGP), should arrest Nyesom Wike, minister of the federal capital territory (FCT), over a comment credited to him. While speaking at a congress of the Peoples Democratic Party (PDP) in Rivers state in August, Wike…
Lt. General Abdulrahman Bello Dambazau (RTD), has extended his condolence greetings to the family of late Hajiya Dada Yar’Adua. In the condolence message sighted by GISTSMATE MEDIA, Dambazau described Hajiya Dada as a woman who left a space that can’t be filled. The message reads: Lt. General Abdulrahman Bello Dambazau (RTD), extends his heartfelt condolences…
GISTSMATE MEDIA reports the Nigerian National Petroleum Company Limited (NNPCL) has warned Nigerians to get ready to witness more fuel scarcity. The warning was given by Adedapo Segun, Executive Vice President of NNPCL (Downstream), during a televised interview on Thursday. Segun’s warning comes on the heels of the recent fuel price hike, which has already…