Marketers in Badagry still sell petrol at N145 per litre

Marketers in Badagry still sell petrol at N145 per litre

Petrol marketers in Badagry, a coastal town in Lagos State, are still selling petrol at the old price of N145 per litre, two days after the Federal Government announced its reduction to N125. TBI Africa Correspondent, who monitored many filling stations in the town and its environs, reports that marketers were selling the products at…

New fuel price: Filling stations in Lagos record partial compliance

New fuel price: Filling stations in Lagos record partial compliance

Filling stations across Lagos State have started effecting the new N125 per litre pump price regime for Premium Motor Spirit (PMS) which was approved by President Muhammadu Buhari on March 18. TBI Africa Correspondent who monitored the situation on Friday morning at Ikeja, Fadeyi, Abule Egba, Onipan,  Surulere, Ebute Metta and Yaba areas observed that…

DisCos need to recapitalise

DisCos need to recapitalise

NEC report slams firms The recapitalisation of electricity Distribution Companies (DisCos) and a firm implementation of industry rules are some of the measures that will turn the power sector around, a report submitted to the National Economic Council (NEC) recommended. The Mallam Nasir El-Rufai-led ad-hoc Committee on the Review of the Ownership Structure of the…

Association commends Buhari for fuel pump price reduction

Association commends Buhari for fuel pump price reduction

Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has lauded President Muhammadu Buhari for reducing fuel pump price from N145 per litre to N125 per litre. The National President of NOGASA, Mr Beneth Okorie who made the commendation at a news conference in Owerri on Saturday, said the measure would help reduce inflation. He…

FG plans 90% broadband penetration in 5 years — Pantami

FG plans 90% broadband penetration in 5 years — Pantami

The Minister of Communication and Digital Economy, Dr Isa Pantami, said that the digital economy plan launched by President Muhammadu Buhari on Thursday aimed at extending broadband penetration to 90 per cent of Nigerians in five years. “This plan aims at providing broadband for 90 per cent of Nigerians over the next five years at…

Abuja filling stations record high compliance to new pump price

Abuja filling stations record high compliance to new pump price

Filling stations across the Federal Capital Territory have started to dispense fuel at the new pump price of N125 per litre approved by President Muhammadu Buhari on March 18. Major marketers on Friday at Wuse, Gwarimpa, Maitama, Wuye, Asokoro and Karmo were selling at the new price. Alhaji Suleiman Yakubu, National Public Relations Officer, Independent…

EKEDC embarks on 18 projects to boost supply in franchise areas

EKEDC embarks on 18 projects to boost supply in franchise areas

Eko Electricity Distribution Company (EKEDC) says it has embarked on 18 capital projects meant to increase reliability and quality of supply to customers in its network. The General Manager, Corporate Communications of the company, Mr Godwin Idemudia, said in Lagos on Friday that investing in critical infrastructure was pivotal to improving electricity distribution to end…

Marketers in Badagry still sell petrol at N145 per litre

Marketers in Badagry still sell petrol at N145 per litre

Petrol marketers in Badagry, a coastal town in Lagos State, are still selling petrol at the old price of N145 per litre, two days after the Federal Government announced its reduction to N125. TBI Africa Correspondent, who monitored many filling stations in the town and its environs, reports that marketers were selling the products at…