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Abuja, Bayelsa, Borno, pay highest prices for diesel in January

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The National Bureau of Statistics, NBS, has said that Abuja, Bayelsa, Delta and Cross Rivers recorded the highest average price of N240.52 for diesel in January 2017.

A report released Wednesday by the NBS said the average price paid by consumers for automotive gas oil, known as diesel, increased to N240.52 in January 2017 from N196.20 in December 2016.

The increase, the bureau said, represents 22.56 per cent on the basis of year-on-year and 50.06 per cent on month-on-month basis.

Further analysis revealed that states with the highest average price of diesel were Abuja and Bayelsa where consumers paid N270, followed by Delta (N256.77) and Cross River (N256.36).

Meanwhile, states with the lowest average price of diesel were Enugu (N230.78), Adamawa (N230.50) and Lagos, Oyo, Taraba were consumers bought the product at N230 in the period under review.

The NBS also said on Wednesday that average price paid by consumers for Premium Motor Spirit (PMS) known as petrol increased by 35.7 per cent year-on-year in January.

This is contained in “Premium Motor Spirit (Petrol) Price Watch for January” released by NBS in Abuja.
The report stated that Petrol increased by 35.7 per cent year-on-year and 1.35 per cent month-on-month to N148.7 in January 2017, from N146.7 in December 2016.

It noted that states with the highest average price of petrol were Borno, which sold the product for N164.09, Oyo; N161.00 and Ebonyi N156.47.

“States with the lowest average price of petrol were Kogi, which sold at N144.67, Ekiti and Imo, N144.64; and Abuja which sold at N144.20″

The states with lowest average price sold the product below the recommended price of N145.
Fuel prices are collected across all the 774 local governments across all states and the FCT from more than 10,000 respondents and locations.

The report reflected prices households actually bought fuel together with the prices reportedly sold by the fuel suppliers.
The average of all these prices is then reported for each state and the average for the country is the average for the state.

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NEWS

BREAKING: ASUU meeting with FG end in deadlock, strike to continue

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ASUU

The meeting between the federal government and the leadership of the Academic Staff Union of Universities (ASUU), on Tuesday ended without an agreement.

As a result of this, the six-month-old strike embarked on by public university lecturers is set to continue.

The lecturers met with the Professor Nimi Briggs Committee at the National University Commission (NUC) in Abuja with high hopes of resolving the impasse.

A senior member of ASUU said that members of the Briggs renegotiation committee didn’t come with any new offer on the table.

According to him, the committee pleaded with the lecturers to suspend the ongoing strike, with promises that their concerns will be included in the 2023 budget.

The meeting started at about 12pm and lasted for about three hours.

ASUU has been on strike since February 14.

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Suspected thugs destroy Tinubu’s Emilokan billboard in Lagos (PHOTO)

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Some persons suspected to be political thugs have vandalized a billboard of the All Progressives Congress (APC) presidential candidate, Bola Tinubu, in Lagos.

The billboard located on the close to the third mainland bridge was destroyed on Tuesday morning.

The action sparked tension online as some APC members have accused the Peoples Democratic Party (PDP) in the state.

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EFCC recovers another 1.4bn naira for NHIS

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EFCC writes INEC, demands APC, PDP, other aspirants’ bank details

The Economic and Financial Crimes Commission (EFCC) has recovered an additional sum of one billion, four hundred million naira (N1.4 Billion) for the National Health Insurance Scheme (NHIS).

In a statement via its official Twitter handle, the money, according to the commission, was part of the funds which some commercial banks ‘fraudulently’ refused to transmit to the Treasury Single Account, TSA, since 2015.

The statement further said the money had been released to the NHIS since August 5, 2022.

It also revealed that the Commission had in similar fashion on February 10, 2022, released a sum of N1.5bn to the scheme.

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