Subsidy removal: NNPC adjusts pump price to N533 at most

Amidst the subsidy removal, findings have shown that some Nigerian National Petroleum Company Ltd. (NNPC) stations have adjusted pump price for PMS to between N488 and N557 per Litre.

In Lagos for instance, the NNPC mega stations have adjusted to N488, while in some other parts of the country is N511 and above.

This is despite the fact that subsidies have been captured in the current budget till end of June 2023.

Meanwhile, the Lagos State Traffic Management Authority (LASTMA) has cautioned motorists queuing up for fuel at different filling stations not to obstruct traffic.

It warned them not to cause congestion that could hinder other road users around filling stations.

The General Manager, LASTMA, Mr Bolaji Oreagba, said these in a statement issued on Wednesday in Lagos through the Director, Public Affairs and Enlightenment Department, Mr Taofiq Adebayo.

He said that he had deployed more officers on traffic monitoring around filling stations and other areas across the state.

Oreagba said that the deployment became imperative following reports of long queues around filling stations caused by motorists parking indiscriminately.

He said that such motorists were blocking roads while queuing up to buy fuel.

The LASTMA boss expressed displeasure at the disorderly behaviour of such drivers who queue up haphazardly around filling stations.

He urged petrol attendants and marketers to ensure that products were sold in an orderly manner.

Oreagba said this was necessary so as not to infringe on the right of way of other road users.

“Buying fuel is not an excuse to block and impede traffic flow across the state. In as much as we want our roads to be free, we do not want fuel queues to constitute a burden for other road users across the state.

“Efficient traffic management has remained crucial in the attainment of Gov. Babajide Sanwo-Olu’s seamless multi-modal transportation system in Lagos.

“We are equally advising motorists including members of the public against unsafe fuel storage inside vehicles, homes, markets and workplaces.#AN#

Comments

CBN sets 15kobo per transaction limit for contactless payments

ABUJA - The Central Bank of Nigeria (CBN) has just released a circular announcing the new transaction limits for contactless payments in the country, effective June 27. The circular was signed by Musa Jimoh, the bank's Director of Payment Systems Management Department, made available via the verified Tweeter handle of the bank. According to the CBN’s Guidelines on Contactless Payments in Nigeria, contactless payments through accounts or wallets in Nigeria will have a transaction limit of N15,000 and a daily cumulative limit of N50,000. This means that customers can make contactless payments of up to N15,000 per transaction and up to N50,000 per day without entering their PIN or biometric verification. The move is aimed at enhancing the security and convenience of contactless payments, which use technologies such as Near Field Communication (NFC) and Quick Response (QR) codes to enable customers to pay without physical contact with the merchant or the payment terminal. **Advertise...

Unruly passenger of Ibom Air faces flight disruption charges -- NCAA confirms

Editor 1 LAGOS -- The Nigeria Civil Aviation Authority (NCAA), has confirmed that the unruly passenger in the Ibom Air saga, Ms Chiamaka Ubani, was on January 10, docked at Uyo Magistrates' Court by the Nigerian Police for flight disruption charges. This was confirmed by the authority's Director, Public Affairs and Consumer Protection, Mr Micheal Achimugo in a post on his official X handle. Achimugo said that the defendant is facing a two-count charge bordering on intentionally and maliciously causing obstruction and public nuisance. According to him, she intentionally and maliciously prevented the door of the aircraft from closing and causing obstruction of flight Q1528 from flying, thereby committed an offence punishable under section 436 of the criminal code, Cap. 39, Vol. 2, laws of Akwa Ibom State." While on count 2, Ubani constituted herself into a public nuisance by obstructing flight Q1528 from flying at the scheduled time, an act which caused inconvenience or da...

Finchglow Holdings Chairman praised as he receives Honorary Doctorate

Editor 1 LAGOS - Finchglow Holdings has celebrated its Chairman, Mr. Kolawole Adesina, who was recently awarded an honorary doctorate degree of science (D.Sc) at the 55th Convocation ceremony of the University of Lagos. Mrs. Temilade Adu, Public Relations Manager, Finchglow Holdings made the disclosure in a statement on Sunday. This prestigious recognition highlights Dr. Adesina’s significant contributions to leadership and nation-building, as well as his dedication to advancing the energy and infrastructure sectors in Nigeria and beyond. Adesina, who serves as the Group Managing Director of Sahara Power Group, an energy and infrastructure organisation with operations in 42 countries, was celebrated alongside other distinguished individuals for their exceptional impact on Nigeria’s development. Commenting on the recognition, the Group Managing Director of Finchglow Holdings, Mr. Bankole Bernard said: "This honor is a reflection of Dr. Adesina’s relentless drive for transfor...

AlatNews

Search This Blog