Experts are urging the government to take action to reduce the effects of a potential price increase for petroleum products. This comes as the cost of crude has risen, driven by international crude benchmarks surpassing a key threshold. The increase in crude cost may lead to higher prices for certain products.
Further details on the situation are available, including the current state of international crude prices and the potential impact on domestic prices.
The government's response to the situation is being closely watched, as experts call for intervention to mitigate the effects of any price adjustment on the public.
National Leader of the Nigeria Democratic Congress (NDC), Senator Seriake Dickson, has said he does not belong to either the Obidient or Kwankwasiyya political support groups, insisting that his allegiance is to the NDC. Dickson made the clarification during an interview on Arise...
A new report warns Nigeria oil revenue could drop by over 60% from 2030 due to declining global demand, risking major fiscal and economic instability. Read More: https://punchng.com/nigerias-oil-revenue-faces-60-plunge-from-2030-report/...
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By Chidinma Chukwu, Abuja ABUJA — Ahead of the 2027 general election, President Bola Tinubu has urged Christian leaders to promote peace and responsible participation in the electoral process, warning against the use of the pulpit to incite violence or deepen divisions. Tinubu ma...
A journalist has petitioned the police over a Lagos tenancy dispute, demanding a N570,000 refund from an estate agent for an apartment in Ikorodu. Read More: https://punchng.com/journalist-petitions-police-over-n570000-lagos-tenancy-dispute/...
The Ogun State Police Command has launched a manhunt for a man accused of sexual assault after allegedly sodomising a 17-year-old boy. Read more. Read More: https://punchng.com/police-hunt-suspect-accused-of-sodomising-ogun-teenager/...
By Ayobami Okerinde The Charismatic Bishops Conference of Nigeria (CBCN) has endorsed President Bola Tinubu for re-election in the 2027 presidential election. President-General of the conference, Archbishop Leonard Bature Kawas, announced the endorsement on Wednesday while speaki...
Global oil prices surge past $100 per barrel due to escalating US-Iran military conflict, sparking fears of supply disruptions. See the impact on Nigeria. Read More: https://punchng.com/oil-prices-cross-100-as-us-iran-conflict-intensifies/...
The Federal Government, UNICEF, and ILO are collaborating to review the Nigerian Youth Employment Action Plan to upskill youths for 21st-century jobs. Read More: https://punchng.com/fg-groups-to-upskill-youths-for-emerging-employment/...
Nigerian star Alex Iwobi deletes all Fulham-related posts from his Instagram after being jeered by fans during a Premier League defeat. Read more. Read More: https://punchng.com/iwobi-deletes-fulham-posts-after-recent-jeers/...
Governors of Nigeria’s South-South region have committed to improving security and environmental restoration to boost sustainable economic development. Read More: https://punchng.com/improved-security-tops-govs-plans-for-ssouth/...
Nigerian Breweries Plc reports a strong H1 2026, posting N1tn net revenue, clearing all debts, and boosting cash generation by 264% to N73bn. Read More: https://punchng.com/nb-posts-n1tn-net-revenue-in-h1-clears-debt/...