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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ISAAC BRISTOL 'PIDOM' GRANTED BAIL. (PHOTO)

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 Isaac Bristol ‘PIDOM’ granted bail


Bristol Issac Tamunobifiri, popularly known by his X name PIDOM Nigeria, has been granted bail.

PIDOM was arraigned on Friday, September 27, on a nine-count charge filed against him by the Inspector-General of Police at the Federal High Court in Abuja.

A few weeks ago, Justice Emeka Nwite, the judge presiding over the arraignment of Bristol, denied him bail.

Recall police spokesperson, Olumuyiwa Adejobi had said PIDOM “illegally” accessed restricted data and posted directives from the office of the IGP.

The police spokesperson also claimed that the defendant raised funds to sponsor cyberterrorism.

Adejobi said PIDOM was apprehended in connection with “criminal conspiracy, offences against the Official Secrets Act, leakage of classified restricted documents, acts likely to cause a breach of the public peace, sedition, fraud, and tax evasion”.

In an update on Friday, September 27, rights activist and convener of the #RevolutionNow movement, Omoyele Sowore, tweeted: “Isaac Bristol granted Bail!  @PIDOMNIGERIA #FREEPIDOMNIGERIANOW”

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