LIST OF REASONS

On Saturday, the Nigerian National Petroleum Company Limited (NNPCL) announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to N899 per litre. This move comes in response to a similar price reduction by the Dangote Refinery, which recently adjusted its prices to N899 per litre as well. The Petroleum Products Retail Outlets Owners Association of Nigeria confirmed the price cut, stating that this new pricing represents a reduction of N141 or 13.56% from the previous price of N1,040 per litre in the Federal Capital Territory. According to a document released by NNPCL’s Commercial Department, marketers can now offtake products based on a regional pricing scheme, with prices set at N899 per litre in Lagos State and N970 per litre at depots in Warri, Oghara, Port Harcourt, and Calabar. Stakeholders say that the petrol price is reduced by Dangote and NNPCL because of the competitive pressures in the deregulated downstream sector. The p...

On Friday evening, a tragic event unfolded in the German city of Magdeburg when a man drove a car into a crowd of shoppers at a Christmas market, resulting in five deaths, including a nine-year-old child, and injuring over 200 people, many of whom are in critical condition. The suspect, who has been identified as Taleb al-Abdulmohsen, a 50-year-old psychiatrist from Bernburg, was apprehended and is currently being questioned by authorities. Police confirmed that he acted alone in this heinous act, which they described as a deliberate attack. The incident began at 19:02 local time when emergency services received the first call reporting that a car had ploughed into the crowd at the Christmas market. Initially, the caller assumed it was an accident, but it soon became apparent that the act was intentional. The driver had maneuvered the vehicle off the road and onto a pedestrian crossing, accessing the market area designated for emergency vehicles. Unverified footage circulating on socia...

In Anambra State, a tragic incident occurred in Okija, Ihiala Local Government Area, where 17 people were confirmed dead and several others injured during a stampede. The stampede happened during the annual distribution of Christmas rice by the Obijackson Foundation, an event eagerly anticipated by residents of Ihiala and surrounding communities. Eyewitnesses reported that the victims, primarily women and youths, had gathered at the distribution site as early as 5 a.m. on Saturday. According to  the reports, the stampede was because of the crowd that surged uncontrollably during the distribution of rice. The injured and deceased were rushed to Our Lady of Lourdes Hospital in Ihiala. Disturbing scenes were captured in a viral video, showing bodies, including those of pregnant women, around the hospital's mortuary. The video also depicted chaotic attempts by bystanders to revive the unconscious. The state police command has yet to officially confirm the incident, but the emotional di...