File Photo The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Mr Sarki Auwalu, the Chief Executive Officer, DPR, disclosed this while presenting keynote address at the pre-summit conference on “Decade of gas’, in Abuja, on Monday. Auwalu said that the right and market-based pricing of gas was critical, as it would assure producers of returns on their investments. He also outlined five critical levers for gas development, especially as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for economic transformation. According to him, the levers include availability, accessibility, a...
File Photo Ahead of the Easter festival coming up by the end of March, the Department of Petroleum Resources (DPR) has reassured Nigerians that there will be no fuel scarcity, urging them to desist from panic buying. It also stated that government has put a formidable policy in place to ensure free flowing supply and distribution of petroleum products during the festivity. Addressing journalists after going round on routine surveillance to monitor and ensure that all retail outlets are complying with the recommended price of between N162 to N165 per litre, the Jos office Operations Controller of DPR, Mr. Stanley Ngene, said: “I can assure you that every necessary precaution is being taken by the government to ensure that we do not go back to the days of fuel scarcity.” Ngene said that the ...
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33 percent in February. This is the highest point since April 2017. According to the CPI/Inflation report released by the National Bureau of Statistics (NBS) on Tuesday, the food inflation stood at 21.79 percent, the highest point since the 2009 data series began. According to the NBS, food inflation also grew by 21.79 percent year-on-year compared to 20.57 percent recorded in January. The headline inflation for month-on-month also increased to 1.89 percent from 1.83 percentage points. It explained that the upward movement in food inflation was caused by increases in the prices of bread, cereals, fish, potatoes, yam and other tubers, vegetables, meat, oils and fats, fruits and ...
HipHopWired Featured Video Source: CLRD Ent / CLRD Ent It’s 2021 and in an era where Hip-Hop music seemingly lacks content and overall messaging, PRICE is looking to do his part to change that and bring back what we once referred to as the “Ghetto CNN.” With his sophomore album F.O.E.S. releasing on March 26, PRICE just released his first singles in the Wyclef Jean and BAS featured “Selfish” along with the gem dropping cut “Amistad.” For the latter, Price delves into the racism that’s plagued minorities for hundreds of years. Releasing a video to get his point across on the subject matter, PRICE explains why the song is such a personal affair for him. “Amistad is a song that’s actually based on a true story,” says Price in a statement. “When I was younger I used to live next door to an ext...
The Governor of Rivers State, Nyesom Wike, has said that the labour movement in Nigeria is dead, adding that it cannot reverse the anti-people policies of the All Progressives Congress-led Federal Government. Wike who wrote on Twitter lamented the silence of labour in the face of insecurity and hike in fuel price and electricity tariff in the country. According to him, labour which used to be alive under the administration of former President Goodluck Jonathan died since the inception of the present government. He said, “Labour movement in the country is dead because it has lost its force of engagement with government and hardly can achieve anything good for the generality of the workforce and Nigerians. “The leadership of labour has left substance to pursue shadows and hardly can speak in...