Tag: N1

‘N1,060 To N1,040/Litre,’ NNPC Slashes Petrol Price

Abibat Babalola

The Nigerian National Petroleum Company Limited, NNPCL, has reduced the price of Premium Motor Spirit (petrol) across its retail outlets in the Federal Capital Territory, Abuja, DAILY POST reports. DAILY POST correspondents who visited NNPCL retail outlets observed that the petrol pump price was reduced from N1,060 to N1,040 per litre. This represents a reduction of N20. “The price was reduced to N1,040 per litre from N1,060 on Saturday morning,” a filling station attendant at the NNPCL retail outlet along Kubwa expressway told DAILY POST. A motorist, Ezekiel Njoku, confirmed…

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N1,050/Litre: Again, NNPCL Increases Petrol Price

Aliyu Aliyu

The Nigerian National Petroleum Company Limited (NNPCL) has again increased the pump price of Premium Motor Spirit (PMS), otherwise known as petrol, at its retail stations. The NNPCL increased the pump price of petrol at its stations in Lagos State to N1,020 per litre, while the product was sold at N1,050 in Abuja, the nation’s capital, on Tuesday, October 29, 2024. Platforms Africa recalls that the NNPCL, on October 9, 2024, raised petrol prices from N897 per litre to N1,030 in Abuja, and N998 in Lagos where petrol was formerly…

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CBN Worsens Confusion, Says Banks To Collect Old N500, N1,000 Notes At Own Risk

Aliyu Aliyu

Nigeria’s financial sector plunged into deeper confusion, viral messages from First Bank and UBA to customers expose cover-up  by apex bank + how investigation by Platforms Africa put a question mark on a rebuttal by CBN    The Central Bank of Nigeria (CBN) has disowned an earlier order credited to it that banks should collect old N1000 and N500 notes, declaring that commercial banks that do that, do it at their own risk. Quoting a top management staff of the CBN, PUNCH Newspaper has earlier reported that the apex bank…

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