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Breaking News : Glo, MTN, Airtel, and 9Mobile reportedly move to increase Tariff .

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The telecommunications companies operating in Nigeria notably Glo, MTN, Airtel and 9Mobile are asking the F.G to facilitate constructive dialogue in the industry, Daily Trust is reporting.

According to the telcos, the current price control mechanism is not in tandem with the economic realities, thus seeking the government’s intervention in order to address pricing challenges.

The four telecommunications giants said they were the only ones that have not reviewed their prices which thr£aten the industry’s sustainability and possibly erodes investors’ confidence. They made this known in a joint statement by the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and Association of Telecommunication Companies of Nigeria (ATCON) on Thursday.

According to the statement signed by ALTON Chairman, and ATCON President, they attributed the non-increment to regulatory constraints despite the adverse economic hardship.

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Dangote refinery: Naira transaction for PMS to begin October 1st – NNPC

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September 16, 2024

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The Nigerian government has announced that it will begin paying Dangote Refinery in Naira for petrol supply starting October 1st.

This decision was made after a meeting with the Implementation Committee on the Naira crude oil sale.

The government also disclosed that the Dangote Refinery and other local refiners in Nigeria will begin to buy crude oil from the Nigerian National Petroleum Company (NNPC) Limited on October 1, 2024.

The NNPC will supply approximately 385,000 barrels per day of crude oil to the Dangote Refinery, which will be paid for in Naira.

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Dangote Refinery plans sea transport for 75% of local supply, targeting Warri, Port Harcourt, and Calabar

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September 16, 2024

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Dangote Refinery has announced plans to transport 75% of its local petroleum product supply via sea routes, targeting key locations like Warri, Port Harcourt, and Calabar.

This shift to sea transportation aims to reduce the higher costs associated with road distribution.

The refinery has the capacity to load 83% of its products by road, but it is ramping up efforts to evacuate nearly all production by sea.

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“Lagos: N950/l, Borno: N1,019/l” – NNPC announces increase in the pump price of petrol at filling stations nationwide.

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September 16, 2024

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The NNPC has announced an increase in the pump price of petrol at filling stations nationwide, with prices varying by location .

In Lagos, the price has been increased to N950 per liter, while in Borno, it has been increased to N1,019 per liter.

The price increase is due to several factors, including the global increase in crude oil prices, the removal of fuel subsidies, and exchange rate fluctuations.

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