Trending News: FIVE FAVOURITES WHO MAY REPLACE AJURI NGALARE AS TINUBU’S SPOKESMANENFBAFGOVERNANCE: FG CHARGES ARRESTED PROTESTERS TO COURTNIGERIANS CAN NO LONGER BEAR THIS – GANI ADAMSHOW INTERNATIONAL PRESSURE LED TO THE RELEASE OF JOE AJAERONLC PRESIDENT, JOE AJAERO, NOT ABOVE LAW, CAN BE INVESTIGATED – PRESIDENCYPOLL AFTER US PRESIDENTIAL DEBATE: HARRIS – 63%; TRUMP – 37%ABURE THINKS HE’S STILL IN 1980, LIES SHAMELESSLY – AISHA YESUFUNIGERIA’S DEFENCE CHIEF VOWS TO CAPTURE BANDIT KINGPIN, BELLO TURJINANS SET TO SHUT DOWN NIGERIA SEPT 15 OVER FUEL PRICE HIKETINUBU’S POLICY HAS INCREASED HARDSHIP – APCUS PRESIDENTIAL ELECTION: HARRIS RATTLES ‘ANGRY’ TRUMP IN DEBATEMBAKA WARNS OF LOOMING FAMINE, CALLS FOR REVERSAL OF FUEL SUBSIDY REMOVALFROM CHINA VIA UAE, JUNKETING PRESIDENT TINUBU LEAVES LONDON FOR UN GENERAL ASSEMBLY IN NEW YORKPETER OBI, WIFE NOT ARRESTED BY DSS – AIDEOVER 200 INMATES, INCLUDING BOKO HARAM COMMANDERS, ESCAPE FROM MAIDUGURI PRISON AS FLOOD PULLS DOWN WALLDSS RELEASES AJAERO’S PASSPORTWHY DSS INVADED SERAP OFFICEPETROLEUM SMUGGLING RESPONSIBLE FOR NAIRA INSTABILITY, ECONOMIC WOES – NSA RIBADULP CRISIS: PETER OBI, ALEX OTTI ASK INEC TO RECOGNIZE NENADI-LED CARETAKER COMMITTEEABACHA SPIRIT HAS TAKEN OVER PRESIDENTIAL VILLA – LAWYERDSS INTERROGATED ME ON ALLEGED TERRORISM FINANCING INVOLVING BRITISH NATIONAL – AJAERO REVEALS WHY HE WAS ARRESTEDPOLICE IGNORED OUR PETITION ON AJAERO FOR OVER ONE YEAR BUT STARTED ACTING AFTER THE PETITION WAS WITHDRAWN – AIR PEACEWE KNOW SPONSORS OF #ENDBADGOVERNANCE PROTEST – PDPAPC POSTPONES NATIONAL CAUCUS MEETING INDEFINITELYNULGE CHAIRMAN SLUMPS DIES WHILE WAITING TO BUY FUELDANGOTE A BUSINESSMAN, NOT FATHER CHRISTMAS – SHEHU SANIPETER OBI REPLIES JULIUS ABURE ON STAKEHOLDERS MEETING, SAYS IT’S AIMED TO RESOLVE LINGERING LP CRISISNO PARDON FOR ANYBODY FOUND GUILTY OF CORRUPTION – AGF FAGBEMISTOP ARRESTING PEOPLE WITHOUT THOROUGH INVESTIGATION – AGF WARNS SECURITY AGENCIESWHY AJAERO WAS ARRESTED BY DSSAJAERO: AMNESTY INTERNATIONAL CONDEMNS ARREST, SAYS TINUBU’S GOVT SETTING NEW RECORD OF IMPUNITYDSS RELEASES NLC PRESIDENT, JOE AJAERO, ON BAILBREAKING: NLC CONVENES EMERGENCY MEETING OVER AJAERO’S ARREST BY DSSBENUE GOVT SEALS EX-GOVERNOR’S COMPANY OVER TAX EVASIONPETER OBI IN KIGALI, MEETS PRESIDENT PAUL KAGAME, OTHERSDSS TAKES OVER DSS OFFICE IN ABUJANO FOOD, NO FUEL, NO POWER, NO FOREX, NO HOPE, BY DELE SOBOWALEBREAKING: DSS ARRESTS JOE AJAERO, NLC PRESIDENTWE’RE BUILDING NATIONWIDE STRUCTURE – PETER OBI SPEAKS ON ALLEGED MERGER WITH PDPNIGERIAN ARMY REACTS TO ALLEGED MASS RESIGNATION OF SOLDIERS, SAYS OFFICERS FREE TO GOENUGU PRIVATE SCHOOLS PAY BETWEEN N100,000 AND N300,000 AS EDUCATION TAX, NOT N5M – COMMISSIONERTELECOM WORKERS BEGIN NATIONWIDE STRIKE TODAYNAIRA NEARS N2,000 PER DOLLARMANY NIGERIANS ABANDON AIR TRAVEL AS TICKET PRICES SOAR ABOVE N200,000 FOR ONE WAY TRIPYORUBA UNION TELLS TINUBU TO RESIGN, DECRIES FUEL PRICE HIKETINUBU’S STAUNCH SUPPORTER, JOE IGBOKWE, CRIES OVER HIGH ELECTRICITY BILLBORDER SECURITY PERSONNEL CRY: WE’VE NOT BEEN PAID 30 MONTHS ALLOWANCESPETER OBI REJIGS MEDIA TEAMGLOBAL MARKET FORCES TO DETERMINE PRICES OF DANGOTE’S FUEL – NNPCINCREASE IN VAT, A BLAZING INFERNO THAT WILL CONSUME NIGERIANS – ATIKUWE’RE NOT BARREN – OBASEKI’S WIFE REACTS TO OSHIOMHOLE’S OUTBURSTMANY BATTLES OF AJURI NGALAREWHY AJURI NGALARE ‘RESIGNED’ AS TINUBU’S SPOKESMAN196 SOLDIERS RESIGN FROM NIGERIAN ARMY OVER CORRUPTION, LOW MORALEPDP RECEIVES REPORT ON ANTI-PARTY ACTIVITIES AGAINST WIKE, UGWUANYI, MAKINDE, OTHERSAPC, BUHARI, TINUBU, OTHERS DESTROYED NIGERIA – LUCKMANAJURI NGALARE WAS SACKED, NOT RESIGNED – INVESTIGATIONNIGERIAN NURSES IN UK, US FORCED BACK HOME OVER CERTIFICATE VERIFICATIONTINUBU’S SPOKESMAN, AJURI NGALARE, STEPS DOWNI WAS NOT ARRESTED BY TORONTO POLICE – AMAKANLC TO MEET WITH ORGANS OVER RECENT PETROL HIKETINUBU DIDN’T EXTEND IGP EGBETOKUN’S TENURE – POLICE SPOKESMANHAUSAS WILL NOT FARM AFTER KILLING FULANIS – BANDIT LEADER BELLO TURJIWHY WE DECLARED PRESIDENTIAL ELECTION RESULT AT 2 AM – INECTINUBU DEFENDS PETROL PRICE HIKE, SAYS HARD DECISIONS MUST BE TAKENEIGHT MILLION SMALL BUSINESSES IN NIGERIA SHUT DOWN IN 18 MONTHS OVER ECONOMIC HARDSHIP, SAYS ASBONTINUBU GOVT INCOMPETENT, CLUELESS, RUDDERLESS – NORTHERN GROUPSNIGERIANS ARE SUFFERING UNDER TINUBU – YORUBA COUNCIL OF ELDERSFIVE COUNTRIES OUTSIDE NIGERIA WHERE IGBO PEOPLE LIVE, SPEAK THEIR LANGUAGEDANGOTE REFINERY WILL NOT SELL FUEL BELOW MARKET PRICE – PRESIDENCYWHY I WON’T SURRENDER TO NIGERIAN GOVT – WANTED BRITONICPC GRILLS FORMER MINISTER, CHRIS NGIGE, OVER CONTRACT AWARDWHAT NIGERIANS DON’T KNOW ABOUT TINUBU/OANDO OIL DEAL IFEANYI IZEZEINSIDE FUBARA’S UNENDING FIGHT WITH WIKEMASS RESIGNATION IN NIGERIAN ARMY OVER POOR WELFARE, SOLDIERS JOIN BRITISH, UKRAINE ARMIESHOW WE SPENT 36 YEARS IN NIGERIA WITH 10-DAY VISAAGAIN, SUSPECTED HERDSMEN KILL FARMER IN ENUGU COMMUNITYNIGERIAN GOVT PREFER TO HOLD ME THAN DEAL WITH TERRORISTS – HUNDEYINFG CAN’T FIX PRICE OF PETROL – MINISTERPETROL PRICE HIKE: SHETTIMA SUMMONS LOKPOBIRI, KYARI, RIBADUSHEHU SANI RAISES CONCERNS OVER 600 NIGERIANS WHO REFUSED TO RETURN AFTER LESSER HAJJI IN SAUDI ARABIATHE WAHALA THAT WILL KILL TINUBU’S GOVT, BY ADELAKUN ADUNNI-ABIMBOLANNCL YET TO LIFT PETROL FROM DANGOTE REFINERY – SPOKESMANPETER OBI, ALEX OTTI LACK POWER TO CONVENE ANY LABOUR PARTY MEETING – LP CHIEFTAINENUGU SUSPENDS INDUSTRIAL GAS EMISSION LEVY, SACKS CONSULTANTSTENSIONS RISE AS PDP POSTPONES NWC MEETING OVER WIKE’S FEUD WITH PARTY’S GOVERNORSAPC CHAIRMANSHIP: ENEMIES RECRUITED, BRIBED TO BETRAY NORTH CENTRAL – FORUMDELE MOMODU, RENO OMOKRI RENEW WAR OF WORDSBRISTOL’S ARREST LINKED TO SGF AKUME’S LEAKED MEMO OVER N1B PRICE TAG FOR MINIMUM WAGE COMMITTEEUS PRESIDENTIAL ELECTION:WHY I WON’T SUPPORT KAMALA HARRISVENEZUELA PRESIDENT MOVES CHRISTMAS FROM DECEMBER TO OCTOBERBILL GATES ANNOUNCES $2.8B INVESTMENT ON HEALTHCARE, NUTRITION, AGRICULTURE IN NIGERIALAGOS GOVT ORDERS WORKERS TO WORK FROM HOME DUE TO FUEL HIKEABUJA COURT REFUSES TO VACATE ORDER RESTRICTING PROTESTERS TO NATIONAL STADIUMLAGOS COMPUTER VILLAGE TRADERS VERSUS IYOLOJA GENERAL FOLADADE TINUBU -OJODSS SPOKESMAN, AFUNANYA, REMOVEDLABOUR PARTY GETS INTERIM NATIONAL CHAIRMAN… ABURE GROUP KICKSFUEL PRICE HIKE: WE DEMAND IMMEDIATE REVERSAL – NLCNDUME’S REINSTATEMENT AS CHIEF WHIP NO LONGER IN OUR HANDS – APCTINUBU DIDN’T PROMISE LABOUR HE WON’T INCREASE FUEL PRICE – PRESIDENCY

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Trending News: FIVE FAVOURITES WHO MAY REPLACE AJURI NGALARE AS TINUBU’S SPOKESMANENFBAFGOVERNANCE: FG CHARGES ARRESTED PROTESTERS TO COURTNIGERIANS CAN NO LONGER BEAR THIS – GANI ADAMSHOW INTERNATIONAL PRESSURE LED TO THE RELEASE OF JOE AJAERONLC PRESIDENT, JOE AJAERO, NOT ABOVE LAW, CAN BE INVESTIGATED – PRESIDENCYPOLL AFTER US PRESIDENTIAL DEBATE: HARRIS – 63%; TRUMP – 37%ABURE THINKS HE’S STILL IN 1980, LIES SHAMELESSLY – AISHA YESUFUNIGERIA’S DEFENCE CHIEF VOWS TO CAPTURE BANDIT KINGPIN, BELLO TURJINANS SET TO SHUT DOWN NIGERIA SEPT 15 OVER FUEL PRICE HIKETINUBU’S POLICY HAS INCREASED HARDSHIP – APCUS PRESIDENTIAL ELECTION: HARRIS RATTLES ‘ANGRY’ TRUMP IN DEBATEMBAKA WARNS OF LOOMING FAMINE, CALLS FOR REVERSAL OF FUEL SUBSIDY REMOVALFROM CHINA VIA UAE, JUNKETING PRESIDENT TINUBU LEAVES LONDON FOR UN GENERAL ASSEMBLY IN NEW YORKPETER OBI, WIFE NOT ARRESTED BY DSS – AIDEOVER 200 INMATES, INCLUDING BOKO HARAM COMMANDERS, ESCAPE FROM MAIDUGURI PRISON AS FLOOD PULLS DOWN WALLDSS RELEASES AJAERO’S PASSPORTWHY DSS INVADED SERAP OFFICEPETROLEUM SMUGGLING RESPONSIBLE FOR NAIRA INSTABILITY, ECONOMIC WOES – NSA RIBADULP CRISIS: PETER OBI, ALEX OTTI ASK INEC TO RECOGNIZE NENADI-LED CARETAKER COMMITTEEABACHA SPIRIT HAS TAKEN OVER PRESIDENTIAL VILLA – LAWYERDSS INTERROGATED ME ON ALLEGED TERRORISM FINANCING INVOLVING BRITISH NATIONAL – AJAERO REVEALS WHY HE WAS ARRESTEDPOLICE IGNORED OUR PETITION ON AJAERO FOR OVER ONE YEAR BUT STARTED ACTING AFTER THE PETITION WAS WITHDRAWN – AIR PEACEWE KNOW SPONSORS OF #ENDBADGOVERNANCE PROTEST – PDPAPC POSTPONES NATIONAL CAUCUS MEETING INDEFINITELYNULGE CHAIRMAN SLUMPS DIES WHILE WAITING TO BUY FUELDANGOTE A BUSINESSMAN, NOT FATHER CHRISTMAS – SHEHU SANIPETER OBI REPLIES JULIUS ABURE ON STAKEHOLDERS MEETING, SAYS IT’S AIMED TO RESOLVE LINGERING LP CRISISNO PARDON FOR ANYBODY FOUND GUILTY OF CORRUPTION – AGF FAGBEMISTOP ARRESTING PEOPLE WITHOUT THOROUGH INVESTIGATION – AGF WARNS SECURITY AGENCIESWHY AJAERO WAS ARRESTED BY DSSAJAERO: AMNESTY INTERNATIONAL CONDEMNS ARREST, SAYS TINUBU’S GOVT SETTING NEW RECORD OF IMPUNITYDSS RELEASES NLC PRESIDENT, JOE AJAERO, ON BAILBREAKING: NLC CONVENES EMERGENCY MEETING OVER AJAERO’S ARREST BY DSSBENUE GOVT SEALS EX-GOVERNOR’S COMPANY OVER TAX EVASIONPETER OBI IN KIGALI, MEETS PRESIDENT PAUL KAGAME, OTHERSDSS TAKES OVER DSS OFFICE IN ABUJANO FOOD, NO FUEL, NO POWER, NO FOREX, NO HOPE, BY DELE SOBOWALEBREAKING: DSS ARRESTS JOE AJAERO, NLC PRESIDENTWE’RE BUILDING NATIONWIDE STRUCTURE – PETER OBI SPEAKS ON ALLEGED MERGER WITH PDPNIGERIAN ARMY REACTS TO ALLEGED MASS RESIGNATION OF SOLDIERS, SAYS OFFICERS FREE TO GOENUGU PRIVATE SCHOOLS PAY BETWEEN N100,000 AND N300,000 AS EDUCATION TAX, NOT N5M – COMMISSIONERTELECOM WORKERS BEGIN NATIONWIDE STRIKE TODAYNAIRA NEARS N2,000 PER DOLLARMANY NIGERIANS ABANDON AIR TRAVEL AS TICKET PRICES SOAR ABOVE N200,000 FOR ONE WAY TRIPYORUBA UNION TELLS TINUBU TO RESIGN, DECRIES FUEL PRICE HIKETINUBU’S STAUNCH SUPPORTER, JOE IGBOKWE, CRIES OVER HIGH ELECTRICITY BILLBORDER SECURITY PERSONNEL CRY: WE’VE NOT BEEN PAID 30 MONTHS ALLOWANCESPETER OBI REJIGS MEDIA TEAMGLOBAL MARKET FORCES TO DETERMINE PRICES OF DANGOTE’S FUEL – NNPCINCREASE IN VAT, A BLAZING INFERNO THAT WILL CONSUME NIGERIANS – ATIKUWE’RE NOT BARREN – OBASEKI’S WIFE REACTS TO OSHIOMHOLE’S OUTBURSTMANY BATTLES OF AJURI NGALAREWHY AJURI NGALARE ‘RESIGNED’ AS TINUBU’S SPOKESMAN196 SOLDIERS RESIGN FROM NIGERIAN ARMY OVER CORRUPTION, LOW MORALEPDP RECEIVES REPORT ON ANTI-PARTY ACTIVITIES AGAINST WIKE, UGWUANYI, MAKINDE, OTHERSAPC, BUHARI, TINUBU, OTHERS DESTROYED NIGERIA – LUCKMANAJURI NGALARE WAS SACKED, NOT RESIGNED – INVESTIGATIONNIGERIAN NURSES IN UK, US FORCED BACK HOME OVER CERTIFICATE VERIFICATIONTINUBU’S SPOKESMAN, AJURI NGALARE, STEPS DOWNI WAS NOT ARRESTED BY TORONTO POLICE – AMAKANLC TO MEET WITH ORGANS OVER RECENT PETROL HIKETINUBU DIDN’T EXTEND IGP EGBETOKUN’S TENURE – POLICE SPOKESMANHAUSAS WILL NOT FARM AFTER KILLING FULANIS – BANDIT LEADER BELLO TURJIWHY WE DECLARED PRESIDENTIAL ELECTION RESULT AT 2 AM – INECTINUBU DEFENDS PETROL PRICE HIKE, SAYS HARD DECISIONS MUST BE TAKENEIGHT MILLION SMALL BUSINESSES IN NIGERIA SHUT DOWN IN 18 MONTHS OVER ECONOMIC HARDSHIP, SAYS ASBONTINUBU GOVT INCOMPETENT, CLUELESS, RUDDERLESS – NORTHERN GROUPSNIGERIANS ARE SUFFERING UNDER TINUBU – YORUBA COUNCIL OF ELDERSFIVE COUNTRIES OUTSIDE NIGERIA WHERE IGBO PEOPLE LIVE, SPEAK THEIR LANGUAGEDANGOTE REFINERY WILL NOT SELL FUEL BELOW MARKET PRICE – PRESIDENCYWHY I WON’T SURRENDER TO NIGERIAN GOVT – WANTED BRITONICPC GRILLS FORMER MINISTER, CHRIS NGIGE, OVER CONTRACT AWARDWHAT NIGERIANS DON’T KNOW ABOUT TINUBU/OANDO OIL DEAL IFEANYI IZEZEINSIDE FUBARA’S UNENDING FIGHT WITH WIKEMASS RESIGNATION IN NIGERIAN ARMY OVER POOR WELFARE, SOLDIERS JOIN BRITISH, UKRAINE ARMIESHOW WE SPENT 36 YEARS IN NIGERIA WITH 10-DAY VISAAGAIN, SUSPECTED HERDSMEN KILL FARMER IN ENUGU COMMUNITYNIGERIAN GOVT PREFER TO HOLD ME THAN DEAL WITH TERRORISTS – HUNDEYINFG CAN’T FIX PRICE OF PETROL – MINISTERPETROL PRICE HIKE: SHETTIMA SUMMONS LOKPOBIRI, KYARI, RIBADUSHEHU SANI RAISES CONCERNS OVER 600 NIGERIANS WHO REFUSED TO RETURN AFTER LESSER HAJJI IN SAUDI ARABIATHE WAHALA THAT WILL KILL TINUBU’S GOVT, BY ADELAKUN ADUNNI-ABIMBOLANNCL YET TO LIFT PETROL FROM DANGOTE REFINERY – SPOKESMANPETER OBI, ALEX OTTI LACK POWER TO CONVENE ANY LABOUR PARTY MEETING – LP CHIEFTAINENUGU SUSPENDS INDUSTRIAL GAS EMISSION LEVY, SACKS CONSULTANTSTENSIONS RISE AS PDP POSTPONES NWC MEETING OVER WIKE’S FEUD WITH PARTY’S GOVERNORSAPC CHAIRMANSHIP: ENEMIES RECRUITED, BRIBED TO BETRAY NORTH CENTRAL – FORUMDELE MOMODU, RENO OMOKRI RENEW WAR OF WORDSBRISTOL’S ARREST LINKED TO SGF AKUME’S LEAKED MEMO OVER N1B PRICE TAG FOR MINIMUM WAGE COMMITTEEUS PRESIDENTIAL ELECTION:WHY I WON’T SUPPORT KAMALA HARRISVENEZUELA PRESIDENT MOVES CHRISTMAS FROM DECEMBER TO OCTOBERBILL GATES ANNOUNCES $2.8B INVESTMENT ON HEALTHCARE, NUTRITION, AGRICULTURE IN NIGERIALAGOS GOVT ORDERS WORKERS TO WORK FROM HOME DUE TO FUEL HIKEABUJA COURT REFUSES TO VACATE ORDER RESTRICTING PROTESTERS TO NATIONAL STADIUMLAGOS COMPUTER VILLAGE TRADERS VERSUS IYOLOJA GENERAL FOLADADE TINUBU -OJODSS SPOKESMAN, AFUNANYA, REMOVEDLABOUR PARTY GETS INTERIM NATIONAL CHAIRMAN… ABURE GROUP KICKSFUEL PRICE HIKE: WE DEMAND IMMEDIATE REVERSAL – NLCNDUME’S REINSTATEMENT AS CHIEF WHIP NO LONGER IN OUR HANDS – APCTINUBU DIDN’T PROMISE LABOUR HE WON’T INCREASE FUEL PRICE – PRESIDENCY

NNPC SPOKESMAN KEEPS MUM AS PETROL PUMP PRICE IS ADJUSTED TO N855 PER LITRE

Dons Eze
Business
September 3, 2024
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NNPC SPOKESMAN KEEPS MUM AS PETROL PUMP PRICE IS ADJUSTED TO N855 PER LITRE

There are strong indications that the Nigerian National Petroleum Company Limited has directed its retail outlets to raise the pump price of petrol to N855 per litre.

Nigerians woke up on Tuesday to find a change in pump prices, rising from around N600 to N855 per litre.

Sources informed that there was a directive for retail outlets to increase petrol prices.

The directive announced that the NNPC Retail Management had approved an upward review of PMS pump prices.

This development comes barely two days after the company admitted to challenges in importing fuel due to an $8 billion debt.

However, the NNPC spokesperson, Olufemi Soneye, declined to comment when contacted.

When asked for clarification via WhatsApp that the statement had been circulating and reports from NNPC filling stations indicated a rise in fuel prices, Soneye replied:

“Thank you for reaching out. I have no comment on the matter at this time. If there are any updates, I will inform you.”

It was observed that some major marketers had raised their pump prices to N860 per litre.

Dons Eze

DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

Dons Eze
Business
September 10, 2024
16 views

PETROLEUM SMUGGLING RESPONSIBLE FOR NAIRA INSTABILITY, ECONOMIC WOES – NSA RIBADU

PETROLEUM SMUGGLING RESPONSIBLE FOR NAIRA INSTABILITY, ECONOMIC WOES – NSA RIBADU The National Security Adviser (NSA), Nuhu Ribadu, has raised the alarm over the increasing smuggling of petroleum products out of Nigeria, warning that the instability in the foreign exchange market would persist unless addressed. Speaking in Abuja on Monday at a stakeholder engagement for Operation Whirlwind, organised by the Nigeria Customs Service, Ribadu highlighted the severity of the issue. Ribadu commented, “We have been suffering due to smuggling, and if we want to address our economic problems, smuggling has to stop. It is difficult because it is like cancer and eats up everything. “It destroys us and even our security forces because of the very few individuals making profit from it and half of them are not even Nigerians. “I don’t think there is any country that suffers from smuggling like Nigeria and we have to address it now because with the trouble we are going through, we can’t stabilise Naira and if we can’t stabilise Naira, then we are in trouble.” He assured that his office would support the Customs Service and other security agencies in their efforts to combat the issue. “From May till date, the Customs has made about 27 seizures and detected smuggling networks in Badagry and Adamawa. Other activities have also improved border security and we have succeeded in ensuring fuel smuggling is reduced. “Our collaboration with NMDPRA has also been critical and germane. So far, we have seized 500,000 litres of PMS with 7 trucks amounting to 475m. The seizures were done in Kebbi, Sokoto, Lagos and Adamawa. We have opened other axes in Kwara, Niger, Katsina and Kano. “Because of this work, most of our officers are on death threats including myself and they sent us messages to desist from fighting, but we won’t relent because we ought to fight and ensure survival of Nigeria,” he stated. Comptroller General of Customs, Bashir Adewale Adeniyi, emphasised the need for continued effort in the fight against smuggling. “We won’t spare any effort in combating the menace and this explains why we launched Operations Whirlwind and we have made some progress. However, we need funding because we spend about N230 million monthly to sustain the operation and because it is not in our budget it is not sustainable and Customs may not be able to drive it alone. “As such, we will need funding collaboration and we intend to sustain it till the end of the year,” he added.

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Dons Eze
Business
September 9, 2024
76 views

NAIRA NEARS N2,000 PER DOLLAR

NAIRA NEARS N2,000 PER DOLLAR The Naira raced to N2,000 per dollar at the black market on Saturday despite the Central Bank of Nigeria’s sale of dollars to the Bureau De Change operators. A BDC operator, Dayyabu Ashiru confirmed that Naira was exchanged for N1,670 per dollar on Saturday from the N1665 exchange rate last Friday. “We buy at N1665 per dollar and sell at N1670”, he said. The apex bank announced that it sold $20,000 each to legible BDC operators at N1580 per dollar rate last week. Meanwhile, the Naira appreciated last Friday at the official market to close the week at N1593.32 per dollar exchange rate.

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