Trending News: LOCAL GOVT AUTONOMY: NIGERIA’S 774 COUNCILS TO OPEN DEDICATED ACCOUNTS WITH CBNCOURT REFUSES EFCC’S REQUEST TO ISSUE ARREST WARRANT ON OBA OTUDEKO, ONASANYA, OTHERSWHY I DO NOT BELONG TO OHANAEZE NDIGBO – WIKE, AS LAWYER DISMISSES ALLEGED EXPULSION OF SENATOR MBATA BY OGBAKOR IKWERREI CAN’T SETTLE RIFT WITH FUBARA – WIKETRUMP PUSHES FOR US CONTROL OF TIKTOK, PROPOSES 50% AMERICAN OWNERSHIPEBONYI STATE GOVERNMENT SENDS 204 EBONYIANS TO UK ON SCHOLARSHIPFCT MINISTER, NYESON WIKE, ‘EDUCATES’ ARISE TV CHANNEL ON ACCURATE NEWS REPORTWHY UPLOAD OF 2023 PRESIDENTIAL ELECTION FAILED – INECTELECOM SUBSCRIBERS REJECT MINISTER’S PROPOSED 60% TARIFF HIKENLC FAULTS FRESH PETROL PRICE HIKE, SAYS FG INSENSITIVEDESCRETION OF TEMPLE OF GOD: PROPHET SHOT DEAD DURING SUNDAY SERVICEEX-DELTA FIRST LADY DIES, GOVERNOR OBOREVWORI MOURNSNIGERIA’S MOST CONTROVERSIAL POLITICIANS – HISTORICAL OVERVIEWOUR RESERVATIONS ON TAX REFORM BILLS – NORTHERN GROUPWHY WE INCREASED PETROL PUMP PRICE – DANGOTE REFINERYPOLICE REPORT FINGERS RENO OMOKRI, OTHERS IN ALLEGED SLANDER OF TOP CHRISTIAN CLERICS$52.5 MILLION REPATRIATED FROM US, NOT MINE – DEZIEANI ALISON MADUEKEOVER 18 TRANSMISSION TOWERS VANDALIZED IN FIVE DAYS – TCN CRIES OUTNIGERIAN SUFFERING BECAUSE OF SOUTH EAST – ORJI UZOR KALUCOURT BARS FRSC FROM IMPOUNDING VEHICLES WITH FADED NUMBER PLATESYOU SENSATIONALIZED MY COMMENTS – EMIR SANUSI ACCUSES FGNIGERIAN MUSICIANS WHO FEEL FROM FAMELABOUR PARTY CRISIS DEEPENS AS NENADI USMAN’S CARETAKER COMMITTEE REJECTS APPEAL COURT VERDICTUS PRESIDENT-ELECT, DONALD TRUMP, ARRIVES WASHINGTON AHEAD OF TOMORROW’S INAUGURATIONGOV SOLUDO REPLACES OBI OF ONITSHA AS CHAIRMAN ANAMBRA COUNCIL OF TRADITIONAL RULERSPRESIDENT TINUBU, EMIR OF KANO, SANUSI, IN COLD WARWIKE TSUNAMI: VIPS RUSH TO SAVE THEIR PROPERTY IN ABUJAFROM RICHES TO BANKRUPTCY: FOOTBALLERS WHO LOST IT ALLNIGERIANS MUST AGREE ON TERMS TO STAY UNITED – EX-GOV VICTOR ATTAHSIMON EKPA STILL KIDNAPPING FOR RANSOM – SOLUDOOYEDELE, PRESIDENTIAL COMMITTEE CHAIR ON TAX REFORMS AGREES WITH GOVERNORS ON VAT SHARING FORMULA60 DIE IN PETROL TANKER EXPLOSION IN NIGERI DON’T WANT BRITAIN TO BE LIKE NIGERIA WHERE GOVT DESTROYS LIVES – KEMI BADENOCHPETROL PRICE SURGES TO N1,150/LITREPETROL PRICE SURGES TO N1,150/LITREPOLITICAL UNDERCURRENTS IN BENUE SOUTH AHEAD OF 2027HOW OBIDIENTS PLAN OBI’S VICTORY IN 2027POLICE OBTAIN COURT ORDER TO ARREST RENO OMOKIRINIGERIANS FLOCK IN UK AS PRISON OFFICERS, SLEEP IN CARS TO CUT COSTSHOW PRESIDENT TINUBU MEDDLE IN LAGOS ASSEMBLY AFFAIRSWHY BOKO HARAM, BANDITS THRIVE: HOW NGOS, OTHERS AID TERRORISTS – RETIRED GENERALSBANDITS ABDUCT WIFE OF RETIRED ASSISTANT INSPECTOR GENERAL OF POLICECONTINUED TRIAL OF NNAMDI KANU WITHOUT RESTORING REVOKED BAIL, UNCONSTITUTIONAL – LEGAL TEAMPRESIDENTIAL VILLA IN DARKNESS AS VANDALS STEAL TCN CABLEAREWA FORUM LAMBASTS NORTHERN GOVERNORS, LABELS THEM BETRAYERS FOR ACCEPTING TINUBU’S TAX REFORM BILLSTINUBU HAPPY WITH GOVERNORS FOR SUPPORTING TAX REFORM BILLSAPPEAL COURT REAFFIRMS JULIUS ABURE AS LABOUR PARTY NATIONAL CHAIRMANPOLICE AUTHORITIES SUSPEND ASSISTANT INSPECTOR GENERAL OF POLICE, STOP SALARYFG SPEAKS ON INCREASE IN PETROL PRICEDANGOTE REFINERY ANNOUNCES NEW PETROL PRICE, LITRE NOW SELLS N955 AT LOADING POINTNATIONAL ASSEMBLY SETS N2.5TRN REVENUE TARGET FOR FIRSEX- FIRST BANK CHAIRMAN, OBA OTUDEKO, SUDDENLY LEAVES NIGERIA AS EFCC CLOSES INICPC TO ARRAIGN EL RUFAI’S EX-APPOINTEES OVER ALLEGED N64M FRAUDSUPREME COURT DOCUMENT REVEALS NO RECORD OF EX-LAGOS SPEAKER OBASA’S LEGAL ENROLLMENTLANDMARK GROUP PARTNERS WITH ENUGU STATE TO REVAMP NIKE LAKE RESORTTEARS AS TRUCK CRASHES INTO RESIDENTIAL BUILDING, KILLS NINE FAMILY MEMBERS IN BENUECOURT ACQUITS EZE IGBO ACCUSED OF TERRORISMNIGERIAN MILITARY BLAMES FOREIGN FIGHTERS FOR RESURGENCE IN TERRORISTS ACTIVITIESFORMER FIRST BANK MD ONASANYA, OBA OTUDEKO TO BE ARRAIGNED OVER N12.3BN FRAUDPOLICE TAKE OVER PDP SECRETARIAT IN RIVERS STATEPOPE FRANCIS FALLS, SUFFERS BRUISES ON RIGHT ARMGOVERNORS REJECT INCREASE IN VAT, BACK TAX REFORM BILLSNIGERIANS DESERVE HARDSHIP THEY’RE GOING THROUGH – APOSTLE SULEMANNNPCL REMITTED N10TRN TO FEDERATION ACCOUNT IN 2024 – KYARIWIKE REVOKES GOVS, POLITICAL BIGWIGS, PROMINENT NIGERIANS’ LAND IN ABUJASOLDIERS, CIVILIANS MISSING AS TERRORISTS AMBUSH RECOVERY TEAM FOR CORPSES OF 40 SLAIN FARMERS IN BORNOWHY SANUSI IS AGAINST US – FEDERAL GOVTNIGERIANS TO PAY 60% MORE FOR CALLS, DATA – MINISTERFG TO SPEND N8BN ON REORIENTATING NIGERIANS ON PAYMENT OF ELECTRICITY BILLSPASSENGER DIES ABOARD AIR FRANCE FROM PARIS TO BOSTONTINUBU GOVT TO GRANT PRESIDENTIAL PARDONS, INAUGURATES ADVISORY COMMITTEEDOGS ATTACK, KILL NIGERIAN WOMAN IN ITALYNGOZI EZEONU, VETERAN NOLLYWOOD ACTRESS, SLAMS UPCOMING ACTRESSES – HOW CAN YOU COME HERE WITHOUT BRA?GROUPS URGE SUPREME COURT TO REVIEW JUDGMENT IN A MULTI-MILLION DOLLARS CONTRACTUAL DISPUTEWHY I WILL NOT HELP TINUBU’S GOVT – EMIR SANUSIWIKE BAGS THISDAY NEWSPAPER, ARISE TV MINISTER OF THE YEARDEPUTY CHIEF WHIP OF HOUSE OF REPS, ADENWUNMI ONANUGA, IS DEADAGAIN, SECURITY OPERATIVES ARREST MAHDI SHEHUWIKE’S PARTICIPATION IN APC GOVT REASON FOR PDP CRISIS – EX-PARTY PUBLICITY SCRIBEINVESTIGATE IMPEACHED LAGOS SPEAKER, OBASA – PDP, LP TELL EFCCPOPE FRANCIS RECOUNTS GROWING UP IN AUTOBIOGRAPHY, SAYS I REMEMBER MY SINS AND I AM ASHAMEDLIEUTENANT COLONEL PATRICK CHUKWUMA ‘KADUNA’ NZEOGWUFG CLOSES ABUJA ROADS FOR ARMED FORCES REMEMBRANCE DAY CELEBRATIONTODAY IS NIGERIAN ARMED FORCES REMEMBRANCE DAYSENATE APPROVES SOUTH EAST DEVELOPMENT COMMISSION NOMINEESWIKE SIGNS 5,481 C-OF-O IN ONE YEAR, FCT LAND ALLOTTEES GET TITLE DOCUMENTS IN TWO WEEKSPOLICE INVITE CATHOLIC NUNS, ONYE EZE JESUS RELEASED BY KIDNAPPERS FOR INFORMATIONSIMON EKPA’S ARREST REDUCES TENSION IN SOUTHEAST – CHIEF OF DEFENCE STAFF, MUSAVEHICLE FLEEING KIDNAPPERS PLUNGES INTO RIVER, EXPATRIATE, OTHERS MISSINGNERC GIVES ENUGU, THREE OTHER STATES NOD TO COMMENCE ELECTRICITY GENERATION, TRANSMISSION, DISTRIBUTION$225M DEBT: FIRST BANK SPEAKS ON LEGAL TUSSLE WITH OBAIGBENA’S GHLCBN FINES NINE BANKS N150M EACH FOR FAILING TO DISPENSE CASH VIA ATMSJANUARY 1966: A MORNING OF MURDER, MAYHEM AND CARNAGEWE’LL PRIORITIZE PASSAGE OF TAX REFORM BILLS – SPEAKER, ABBAS19 WEDDING GUESTS DIE IN ROAD CRASH IN PLATEAUUZODINMA HAPPY WITH REMOVAL OF OIL SUBSIDY, SAYS STATES NOW GET MORE MONEYPOLICE DEMAND APOLOGY FROM AMNESTY INTERNATIONAL OVER PROTEST REPORTHOW YAHOO BOY BEHEADED ABUJA CORPS MEMBER PACKED DISMEMBERED BODY IN BAG – POLICEABDUCTED ANAMBRA REVEREND SISTERS REGAIN FREEDOMMARKETERS RAISE PRICES OF PETROL BY 4.75% AT DEPOTS
Mon. Jan 20th, 2025
Trending News: LOCAL GOVT AUTONOMY: NIGERIA’S 774 COUNCILS TO OPEN DEDICATED ACCOUNTS WITH CBNCOURT REFUSES EFCC’S REQUEST TO ISSUE ARREST WARRANT ON OBA OTUDEKO, ONASANYA, OTHERSWHY I DO NOT BELONG TO OHANAEZE NDIGBO – WIKE, AS LAWYER DISMISSES ALLEGED EXPULSION OF SENATOR MBATA BY OGBAKOR IKWERREI CAN’T SETTLE RIFT WITH FUBARA – WIKETRUMP PUSHES FOR US CONTROL OF TIKTOK, PROPOSES 50% AMERICAN OWNERSHIPEBONYI STATE GOVERNMENT SENDS 204 EBONYIANS TO UK ON SCHOLARSHIPFCT MINISTER, NYESON WIKE, ‘EDUCATES’ ARISE TV CHANNEL ON ACCURATE NEWS REPORTWHY UPLOAD OF 2023 PRESIDENTIAL ELECTION FAILED – INECTELECOM SUBSCRIBERS REJECT MINISTER’S PROPOSED 60% TARIFF HIKENLC FAULTS FRESH PETROL PRICE HIKE, SAYS FG INSENSITIVEDESCRETION OF TEMPLE OF GOD: PROPHET SHOT DEAD DURING SUNDAY SERVICEEX-DELTA FIRST LADY DIES, GOVERNOR OBOREVWORI MOURNSNIGERIA’S MOST CONTROVERSIAL POLITICIANS – HISTORICAL OVERVIEWOUR RESERVATIONS ON TAX REFORM BILLS – NORTHERN GROUPWHY WE INCREASED PETROL PUMP PRICE – DANGOTE REFINERYPOLICE REPORT FINGERS RENO OMOKRI, OTHERS IN ALLEGED SLANDER OF TOP CHRISTIAN CLERICS$52.5 MILLION REPATRIATED FROM US, NOT MINE – DEZIEANI ALISON MADUEKEOVER 18 TRANSMISSION TOWERS VANDALIZED IN FIVE DAYS – TCN CRIES OUTNIGERIAN SUFFERING BECAUSE OF SOUTH EAST – ORJI UZOR KALUCOURT BARS FRSC FROM IMPOUNDING VEHICLES WITH FADED NUMBER PLATESYOU SENSATIONALIZED MY COMMENTS – EMIR SANUSI ACCUSES FGNIGERIAN MUSICIANS WHO FEEL FROM FAMELABOUR PARTY CRISIS DEEPENS AS NENADI USMAN’S CARETAKER COMMITTEE REJECTS APPEAL COURT VERDICTUS PRESIDENT-ELECT, DONALD TRUMP, ARRIVES WASHINGTON AHEAD OF TOMORROW’S INAUGURATIONGOV SOLUDO REPLACES OBI OF ONITSHA AS CHAIRMAN ANAMBRA COUNCIL OF TRADITIONAL RULERSPRESIDENT TINUBU, EMIR OF KANO, SANUSI, IN COLD WARWIKE TSUNAMI: VIPS RUSH TO SAVE THEIR PROPERTY IN ABUJAFROM RICHES TO BANKRUPTCY: FOOTBALLERS WHO LOST IT ALLNIGERIANS MUST AGREE ON TERMS TO STAY UNITED – EX-GOV VICTOR ATTAHSIMON EKPA STILL KIDNAPPING FOR RANSOM – SOLUDOOYEDELE, PRESIDENTIAL COMMITTEE CHAIR ON TAX REFORMS AGREES WITH GOVERNORS ON VAT SHARING FORMULA60 DIE IN PETROL TANKER EXPLOSION IN NIGERI DON’T WANT BRITAIN TO BE LIKE NIGERIA WHERE GOVT DESTROYS LIVES – KEMI BADENOCHPETROL PRICE SURGES TO N1,150/LITREPETROL PRICE SURGES TO N1,150/LITREPOLITICAL UNDERCURRENTS IN BENUE SOUTH AHEAD OF 2027HOW OBIDIENTS PLAN OBI’S VICTORY IN 2027POLICE OBTAIN COURT ORDER TO ARREST RENO OMOKIRINIGERIANS FLOCK IN UK AS PRISON OFFICERS, SLEEP IN CARS TO CUT COSTSHOW PRESIDENT TINUBU MEDDLE IN LAGOS ASSEMBLY AFFAIRSWHY BOKO HARAM, BANDITS THRIVE: HOW NGOS, OTHERS AID TERRORISTS – RETIRED GENERALSBANDITS ABDUCT WIFE OF RETIRED ASSISTANT INSPECTOR GENERAL OF POLICECONTINUED TRIAL OF NNAMDI KANU WITHOUT RESTORING REVOKED BAIL, UNCONSTITUTIONAL – LEGAL TEAMPRESIDENTIAL VILLA IN DARKNESS AS VANDALS STEAL TCN CABLEAREWA FORUM LAMBASTS NORTHERN GOVERNORS, LABELS THEM BETRAYERS FOR ACCEPTING TINUBU’S TAX REFORM BILLSTINUBU HAPPY WITH GOVERNORS FOR SUPPORTING TAX REFORM BILLSAPPEAL COURT REAFFIRMS JULIUS ABURE AS LABOUR PARTY NATIONAL CHAIRMANPOLICE AUTHORITIES SUSPEND ASSISTANT INSPECTOR GENERAL OF POLICE, STOP SALARYFG SPEAKS ON INCREASE IN PETROL PRICEDANGOTE REFINERY ANNOUNCES NEW PETROL PRICE, LITRE NOW SELLS N955 AT LOADING POINTNATIONAL ASSEMBLY SETS N2.5TRN REVENUE TARGET FOR FIRSEX- FIRST BANK CHAIRMAN, OBA OTUDEKO, SUDDENLY LEAVES NIGERIA AS EFCC CLOSES INICPC TO ARRAIGN EL RUFAI’S EX-APPOINTEES OVER ALLEGED N64M FRAUDSUPREME COURT DOCUMENT REVEALS NO RECORD OF EX-LAGOS SPEAKER OBASA’S LEGAL ENROLLMENTLANDMARK GROUP PARTNERS WITH ENUGU STATE TO REVAMP NIKE LAKE RESORTTEARS AS TRUCK CRASHES INTO RESIDENTIAL BUILDING, KILLS NINE FAMILY MEMBERS IN BENUECOURT ACQUITS EZE IGBO ACCUSED OF TERRORISMNIGERIAN MILITARY BLAMES FOREIGN FIGHTERS FOR RESURGENCE IN TERRORISTS ACTIVITIESFORMER FIRST BANK MD ONASANYA, OBA OTUDEKO TO BE ARRAIGNED OVER N12.3BN FRAUDPOLICE TAKE OVER PDP SECRETARIAT IN RIVERS STATEPOPE FRANCIS FALLS, SUFFERS BRUISES ON RIGHT ARMGOVERNORS REJECT INCREASE IN VAT, BACK TAX REFORM BILLSNIGERIANS DESERVE HARDSHIP THEY’RE GOING THROUGH – APOSTLE SULEMANNNPCL REMITTED N10TRN TO FEDERATION ACCOUNT IN 2024 – KYARIWIKE REVOKES GOVS, POLITICAL BIGWIGS, PROMINENT NIGERIANS’ LAND IN ABUJASOLDIERS, CIVILIANS MISSING AS TERRORISTS AMBUSH RECOVERY TEAM FOR CORPSES OF 40 SLAIN FARMERS IN BORNOWHY SANUSI IS AGAINST US – FEDERAL GOVTNIGERIANS TO PAY 60% MORE FOR CALLS, DATA – MINISTERFG TO SPEND N8BN ON REORIENTATING NIGERIANS ON PAYMENT OF ELECTRICITY BILLSPASSENGER DIES ABOARD AIR FRANCE FROM PARIS TO BOSTONTINUBU GOVT TO GRANT PRESIDENTIAL PARDONS, INAUGURATES ADVISORY COMMITTEEDOGS ATTACK, KILL NIGERIAN WOMAN IN ITALYNGOZI EZEONU, VETERAN NOLLYWOOD ACTRESS, SLAMS UPCOMING ACTRESSES – HOW CAN YOU COME HERE WITHOUT BRA?GROUPS URGE SUPREME COURT TO REVIEW JUDGMENT IN A MULTI-MILLION DOLLARS CONTRACTUAL DISPUTEWHY I WILL NOT HELP TINUBU’S GOVT – EMIR SANUSIWIKE BAGS THISDAY NEWSPAPER, ARISE TV MINISTER OF THE YEARDEPUTY CHIEF WHIP OF HOUSE OF REPS, ADENWUNMI ONANUGA, IS DEADAGAIN, SECURITY OPERATIVES ARREST MAHDI SHEHUWIKE’S PARTICIPATION IN APC GOVT REASON FOR PDP CRISIS – EX-PARTY PUBLICITY SCRIBEINVESTIGATE IMPEACHED LAGOS SPEAKER, OBASA – PDP, LP TELL EFCCPOPE FRANCIS RECOUNTS GROWING UP IN AUTOBIOGRAPHY, SAYS I REMEMBER MY SINS AND I AM ASHAMEDLIEUTENANT COLONEL PATRICK CHUKWUMA ‘KADUNA’ NZEOGWUFG CLOSES ABUJA ROADS FOR ARMED FORCES REMEMBRANCE DAY CELEBRATIONTODAY IS NIGERIAN ARMED FORCES REMEMBRANCE DAYSENATE APPROVES SOUTH EAST DEVELOPMENT COMMISSION NOMINEESWIKE SIGNS 5,481 C-OF-O IN ONE YEAR, FCT LAND ALLOTTEES GET TITLE DOCUMENTS IN TWO WEEKSPOLICE INVITE CATHOLIC NUNS, ONYE EZE JESUS RELEASED BY KIDNAPPERS FOR INFORMATIONSIMON EKPA’S ARREST REDUCES TENSION IN SOUTHEAST – CHIEF OF DEFENCE STAFF, MUSAVEHICLE FLEEING KIDNAPPERS PLUNGES INTO RIVER, EXPATRIATE, OTHERS MISSINGNERC GIVES ENUGU, THREE OTHER STATES NOD TO COMMENCE ELECTRICITY GENERATION, TRANSMISSION, DISTRIBUTION$225M DEBT: FIRST BANK SPEAKS ON LEGAL TUSSLE WITH OBAIGBENA’S GHLCBN FINES NINE BANKS N150M EACH FOR FAILING TO DISPENSE CASH VIA ATMSJANUARY 1966: A MORNING OF MURDER, MAYHEM AND CARNAGEWE’LL PRIORITIZE PASSAGE OF TAX REFORM BILLS – SPEAKER, ABBAS19 WEDDING GUESTS DIE IN ROAD CRASH IN PLATEAUUZODINMA HAPPY WITH REMOVAL OF OIL SUBSIDY, SAYS STATES NOW GET MORE MONEYPOLICE DEMAND APOLOGY FROM AMNESTY INTERNATIONAL OVER PROTEST REPORTHOW YAHOO BOY BEHEADED ABUJA CORPS MEMBER PACKED DISMEMBERED BODY IN BAG – POLICEABDUCTED ANAMBRA REVEREND SISTERS REGAIN FREEDOMMARKETERS RAISE PRICES OF PETROL BY 4.75% AT DEPOTS
Mon. Jan 20th, 2025

WHY WE INCREASED PETROL PUMP PRICE – DANGOTE REFINERY

DANGOTE REFINERY

WHY WE INCREASED PETROL PUMP PRICE – DANGOTE REFINERY

Dangote Refinery has clarified that “the recent adjustment in our ex-depot price of Premium Motor Spirit (Petrol) is directly related to the significant increase in global crude oil prices.”

In a statement on Sunday, the refinery noted that “any fluctuation in its international price inevitably impacts the cost of the finished product.”

Earlier this week, Dangote implemented a 5% increase in the depot price of petrol, raising it from N899.50 to N950 per litre.

However, the statement clarified that “it is important to note that this increase is considerably lower than the 15% rise in global crude oil prices.”

The 15% increase in global crude oil prices has seen Brent Crude rise from $70 to $82 in a matter of days, in addition to the premium for Nigerian crude (approximately $3 per barrel) in international markets.

Despite this, Dangote Refinery has maintained the Single-Point Mooring, SPM, ex-vessel price at N895 per litre.

All its partners, including Ardova, Heyden, and MRS Holdings, will retail petrol to Nigerians at a price of N970 per litre nationwide.

    • 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.

    Related Posts

    TELECOM SUBSCRIBERS REJECT MINISTER’S PROPOSED 60% TARIFF HIKE

    TELECOM SUBSCRIBERS REJECT MINISTER’S 60% PROPOSED TARIFF HIKE The Association of Telephone, Cable TV, and Internet Subscribers of Nigeria has rejected the proposed telecom tariff hike of 30 to 60 percent, put forward by the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani. The advocacy group, representing over 220 million subscribers nationwide, argued that the minister’s statement contradicted an agreement reached with the Nigerian Communications Commission and other key stakeholders during a meeting held on January 9, 2025. In a press release issued on Sunday, ATCIS-Nigeria’s National President, ‘Sina Bilesanmi, expressed concerns that the minister’s proposal went against the consensus reached in Abuja. According to him, it was agreed that no telecom tariff hike would occur until all stakeholders, particularly subscribers, were adequately consulted and sensitised. He explained, “Telecom operators need to respect the telecom subscriber advocacy body and the NCC Act. “The NCC should direct telecom operators to engage with ATCIS first for consultation, involvement, enlightenment, and engagement. “Once we reach an agreement, we can call for public input on the percentage rate and communicate this to the NCC for approval. “Any deviation from this process is unacceptable, as subscribers are the ones paying for the services.” Bilesanmi noted that at the January meeting, stakeholders resolved that there would be no tariff hike until further deliberations were concluded with mobile network operators and subscriber representatives. He added, “The MNOs, through their representatives at ATCON and ALTON, were tasked with organizing enlightenment programs to address these issues. They were also expected to discuss potential percentage increases with subscriber representatives before taking it to the NCC for final approval.” During an interview with Arise TV, Tijani revealed that MNOs were pushing for a 100% tariff increase to stabilize the telecom sector. However, the government would not approve such a drastic hike and was instead considering a moderate increase of 30 to 60 percent. The minister emphasised that any adjustment must not harm the Nigerian people. ATCIS-Nigeria, however, insisted that pricing decisions should not be unilaterally made by the minister but should follow proper regulatory channels. “We strongly disagree with the minister’s proposal.“It is not the minister’s role to set telecom prices in a liberalised market,” Bilesanmi said. The NCC, in partnership with subscriber advocacy bodies like ATCIS, must lead to any discussions on tariff changes based on data-driven analysis. The group further warned that a tariff increase would disproportionately affect Nigerians, particularly small business owners who rely on affordable telecom services to run their operations. It stressed that such a hike would worsen the economic strain on citizens already grappling with the effects of other financial reforms. “The government’s push for a digital economy cannot succeed if we burden Nigerians with higher telecom costs. “This will have a devastating impact on businesses that depend on affordable communication services to thrive and will ultimately slow down progress in digital transformation across the country,” Bilesanmi said. ATCIS-Nigeria urged the government to prioritise consultation with stakeholders and ensure that any tariff adjustment aligns with the needs and interests of subscribers.

    Continue reading
    NLC FAULTS FRESH PETROL PRICE HIKE, SAYS FG INSENSITIVE

    NLC FAULTS FRESH PETROL PRICE HIKE, SAYS FG INSENSITIVE The Nigeria Labour Congress has frowned on the recent hike in the pump prices of Premium Motor Spirit, popularly called petrol, describing it as the height of insensitivity against the masses. Senior NLC officials disclosed this in separate interviews with our correspondents on Sunday, as oil marketers refuted being blamed for the recent hike in PMS prices nationwide. Similarly, the Dangote Petroleum Refinery also said the rise in petrol price was not from the $20bn Lekki-based plant but due to an increase in the cost of crude oil, the major component for refined petroleum products. Recall that on Friday, the pump prices of petrol rose to between N1,050 and N1,150 per litre following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners. Dealers confirmed that PMS prices would continue to rise since the major component in fuel production, crude oil, has been on the upward swing lately. Reacting to this, the Deputy President of Nigeria Labour Congress Political Commission, Prof Theophilus Ndubuaku argued that in a saner clime, representatives of workers, the organised private sector and students would have been called to a roundtable to deliberate on the course of action and analysis of the consequences before the decision would be taken. He said, “This pump price hike will not only affect foodstuff and fare. There is the problem of inflation and the value of naira to contend with. Instead, what we are seeing is a situation we call Tinubunomics. It is something that has not been tested. “When you talk about subsidies, is there a country that doesn’t have it? It’s all over the world. Even most of the goods you see in this country from China are subsidised. You are refusing to subsidise fuel and also refusing to even facilitate the so-called CNG buses. How many years does it take to do something like this? “If you know the kind of game we (the NLC) and them are playing on this CNG thing. Now, they are not even involving the people in the so-called CNG conversion. If you promise to run an inclusive government, It’s not just you that should be doing the talking. Yet, when somebody talks, they send attack dogs to attack and label him a member of the Obidient movement.” Continuing, Ndubuaku emphasised that President Bola Tinubu will do well to borrow the template of former leaders like Olusegun Obasanjo, who he claimed held a monthly roundtable with stakeholders whenever sensitive issues that have a lot to do with workers’ welfare were being discussed. “Such discussions were held in the Villa. Every month people would be invited and issues would be discussed. We’re not saying you shouldn’t do it. But please, carry people along. Let us know why you want to do these things so people will be prepared. “But you can’t just keep changing the prices without any regard for us? This is what is causing all this frustration. They are not carrying the masses along. They have virtually made it difficult for the NLC to be involved in anything they are doing. Nigeria is not the personal property of anybody. “If you are going to do anything that will involve the masses, you should call the people who represent the workers at least. You have certain blocks and groups of people in this country that have representatives, even in the so-called business sector that you can talk to,” he explained. Labour tackles marketers Also speaking on the hike in petrol price, the Chairperson of the Nigeria Labour Congress in Lagos State, Sessi Funmi, accused oil marketers of being major contributors to Nigeria’s economic challenges, describing them as “enemies of…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    News

    LOCAL GOVT AUTONOMY: NIGERIA’S 774 COUNCILS TO OPEN DEDICATED ACCOUNTS WITH CBN
    News

    COURT REFUSES EFCC’S REQUEST TO ISSUE ARREST WARRANT ON OBA OTUDEKO, ONASANYA, OTHERS
    News

    WHY I DO NOT BELONG TO OHANAEZE NDIGBO – WIKE, AS LAWYER DISMISSES ALLEGED EXPULSION OF SENATOR MBATA BY OGBAKOR IKWERRE

    • By Dons Eze
    • January 20, 2025
    • 102 views
    Politics

    I CAN’T SETTLE RIFT WITH FUBARA – WIKE
    Foreign Affairs

    TRUMP PUSHES FOR US CONTROL OF TIKTOK, PROPOSES 50% AMERICAN OWNERSHIP
    News

    EBONYI STATE GOVERNMENT SENDS 204 EBONYIANS TO UK ON SCHOLARSHIP

    DISCLAIMER - TERMS AND CONDITIONS - PRIVACY POLICY