News
Palaver! ‘Electricity tariff to rise by 300%’
Power companies will be allowed to raise electricity prices to N200 ($0.15) per kilowatt-hour from N68 for urban consumers this month, the Bloomberg news agency, citing sources, reported Tuesday.
It was learnt that these customers represent 15% of the population that the government says consume 40% of the nation’s electricity, the agency said.
Bloomberg said Nigeria plans to almost triple energy prices within weeks. It quoted people in the presidency with knowledge of the matter saying this was in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs (subsidies). According to the news agency, “Nigerians will now have to pay $2.42 per one million British thermal units from the previous rate of $2.18 MMBtu.”
This revelation is coming in the wake of Monday’s announcement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of an increase in the price of natural gas, which is used to generate more than 70% of electricity in Nigeria.
News
Joint Security Patrol Team wastes Kidnapper in gun duel along Enugu/Ukwu Road
By Kayode Sanni-Arewa
The Joint Security Patrol team led by the Anambra state police command has neutralized a notorious suspected kidnapper along the Enugu/Ukwu road .
The operation according to the state police command spokesperson Tochukwu Ikenga was carried out with local vigilante group who identified the suspect before he was chased and engaged in an exchange before he was neutralized.
The joint security patrol team was said to have responded to a distress call of the planned attack by the gang members of the suspect, before acting swiftly to the scene and engaged them, which led to some of the gang members escaping with bullet wounds.
One AK 47 rifle, two magazines and five rounds of live ammunition were recovered from the suspect, as manhunt for the fleeing suspects continue according to the police. The Anambra police command urges residents to remain vigilant and report any suspicious activities in their area to the nearest police station for prompt action.
News
Just in: Dangote Refinery reduces price of petrol to N970 per litre
The Dangote Group has announced a reduction in the price of its Premium Motor Spirit (PMS) to N970 per liter.
This was contained in a statement issued by Anthony Chiejina, the Group’s Chief Branding and Communications Officer, on Sunday.
Chiejina stated that the refinery has lowered its petrol price for marketers from N990 to N970 per liter, providing them with a N20 discount per liter.
Furthermore, he emphasized that despite the price reduction, the quality of the company’s products remains uncompromised.
The statement regarding the price adjustment reads:
“Dangote Petroleum Refinery has effected a reduction in the prevailing price of its Premium Motor Spirit (PMS) from N990/litre to N970/litre for the marketers.
“As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the Refinery a dream come true. In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being.
While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
News
Insecurity! Bandits k!ll 7 farmers, burn 50 bags of maize in Niger state
Bandits have k!lled seven farmers, including a vigilante, and burnt 50 bags of maize inside a truck in Bangi, Mariga Local Government Area of Niger State.
Sources on Saturday, November 23, told Daily Trust that the victims had gone to bring the harvested maize home from their farm when the bandits ambushed them, k!lled all the occupants in the truck and set the truck.
Bandits have killed seven of our farmers who had gone to farm to bring the maize they had harvested home. The attackers hid and waited until after the victims had loaded the 50 bags of maize into the truck and were about to take off to return home when they opened fire on them. After k!lling the victims, they also set the truck and the 50 bags of maize already loaded ablaze,” a source said.
He said it was difficult for farmers in Mariga to harvest their crops this year due to k!llings and kidnappings by bandits.
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