News
FG bans cooking gas export to crash price
FG bans cooking gas export to crash price
The Federal Government has banned the exportation of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to increase its volume domestically to warrant a crash in price.
It stated on Thursday that LPG producers in Nigeria and key stakeholders in the industry had been told to stop exporting the commodity out of Nigeria, following the recent jump in the cost of cooking gas.
Findings showed that the cost of refilling a 12.5kg cylinder of cooking gas in Abuja, Lagos, Kano and some other states had climbed to about N18,000. It was specifically N17,500 in Abuja on Thursday, a product that sold for less than N9,000 in November last year.
Read Also: Economic Hardship: Lagos Slashes Public Transportation By 25%
LPG dealers under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers had predicted mid-last year that a 12.5kg cylinder would cost N18,000 going by the incessant hikes in its cost.
To tackle this, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, constituted a committee in November 2023, headed by the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed.
But up till today (Thursday), the cost of the commodity has maintained a northward movement, as many LPG users are gradually shifting to the use of charcoal.
But while speaking on the sidelines of the internal stakeholders’ workshop in Abuja on Thursday, Ekpo stated that the Federal Government had asked LPG producers to stop exporting the commodity.
He named some international oil companies including Mobil, Shell, and Chevron as producers, stressing that the government was interfacing with them to crash cooking gas prices.
FG bans cooking gas export to crash price
Entertainment
Tito Jackson, Michael Jackson’s Brother and Jackson 5 Member, Dies at 70; Nigerians Pay Tribute
Tito Jackson, Michael Jackson’s Brother and Jackson 5 Member, Dies at 70; Nigerians Pay Tribute
Tito Jackson, renowned as a member of the iconic Jackson 5 and the older brother of Michael Jackson, has passed away at the age of 70. His death has sparked a wave of mourning among fans in Nigeria and around the world.
Tito’s contributions to music and his role in the Jackson 5, a group that revolutionized pop music, are being remembered fondly.
Tributes are pouring in as fans and fellow musicians celebrate his legacy and the significant impact he had on the music industry.
Yobe Govt Donates N100m to Support Borno Flood Victims
Yobe State Governor, His Excellency Hon. Mai Mala Buni CON, has extended a N100 million donation to the Borno State Government to aid victims of the recent Maiduguri floods. The announcement was made during a sympathy visit to Governor Babagana Umara Zulum in Maiduguri on Saturday.
In addition to the state donation, Governor Buni also pledged a personal contribution of food items worth N50 million to assist those affected by the floods. He described the humanitarian crisis as devastating and urged everyone to come forward with support.
“Yobe and Borno states are like twins, sharing similar hardships. We must stand by each other in times of need,” Buni stated.
The Yobe Governor also expressed condolences for those who lost their lives in the disaster and wished a quick recovery for the injured.
Governor Zulum expressed gratitude to Governor Buni and the people of Yobe State for their generosity and solidarity. He highlighted the strong bond between the two states, noting that Buni’s administration has further strengthened the unity between Borno and Yobe.
“The people of Yobe and Borno are one family, and this support reinforces that connection. We deeply appreciate the gesture,” Zulum said.
Atiku, Fubara Arrive Benin for PDP’s Edo Gubernatorial Campaign Finale
Ahead of the upcoming Edo State gubernatorial elections, Peoples Democratic Party (PDP) chieftains, including 2023 presidential candidate Atiku Abubakar, have arrived in Benin for the party’s campaign grand finale.
Joining Atiku is Rivers State Governor Siminalayi Fubara, both of whom are in Edo to bolster support for the party’s candidate, Asue Ighodalo, ahead of the September 21 election.
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The grand finale rally, set to take place in Oredo, Benin City, marks the PDP’s final push to secure victory in the closely watched gubernatorial race.
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