PETROL LANDING COST DROPS TO N970 PER LITRE-MARKETERS. (PHOTO).

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 Petrol Landing Cost Drops to N970 per Litre – Marketers In a positive sign for the downstream sector's stability, the Major Energy Marketers Association of Nigeria (MEMAN) has announced a slight decrease in the landing cost of Premium Motor Spirit (PMS), or petrol, which fell to N970 per litre in December 2024, down from N971 per litre in November 2024. This decrease comes amid a similar drop in crude oil prices, which fell to $73.77 per barrel from $74 per barrel the previous week. According to MEMAN's daily energy bulletin, which was shared with Vanguard, the new landing cost is based on a crude oil price of $73.91 per barrel (Brent) and an exchange rate of N1,533.57/$. However, MEMAN also cautioned that international petroleum product prices are subject to significant volatility, influenced by geopolitical and economic factors, including developments in the Middle East, market trends in China, and the recent outcome of the U.S. elections. The foreign exchange rate is also f...
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EDUCATION MINISTER'S PHONE LINE HACKED. (PHOTO).

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 Education Minister's phone line hacked


The Federal Ministry of Education has confirmed that the phone line of the Minister of Education, Professor Tahir Mamman, has been hacked.


The Director of the Director of Press and Public Relations of the ministry, Boriowo Folasade, confirmed this on Friday morning.


Earlier Mamman had issued a disclaimer about the hacked line on his X handle.


He wrote: “My phone line has been compromised. Please refrain from calling the number and ignore any messages requesting assistance until the issue is resolved.


“Thank you for your understanding”.


The statement by the ministry’s spokesperson, said the hackers were already used the line.


“The Office of the Honourable Minister of Education, Professor Tahir Mamman, wishes to inform the general public that the Minister’s WhatsApp number has been hacked and is currently being used by unauthorised individuals.


“We deeply regret any inconvenience this may cause and urge everyone to disregard any message of request received from the said number until further notice.


“The matter has been reported to the relevant authorities and is under investigation. We advise all members of the public to remain vigilant and report any suspicious activity,” the statement read.

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