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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PDP SUPPORTERS PROTEST IN BENIN OVER COLLATION OF ELECTION RESULTS. (PHOTO).

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 PDP Supporters Protest in Benin Over Collation of Election Results


Supporters of the Peoples Democratic Party (PDP) have gathered in large numbers at the headquarters of the Independent National Electoral Commission (INEC) in Benin City, protesting the ongoing collation of results from Saturday’s governorship election.


Chanting slogans and waving party flags, the demonstrators voiced their dissatisfaction with the electoral process, alleging irregularities and demanding greater transparency in the tallying of votes at the state collation centre.


The protest comes amidst rising tensions following a closely contested election. PDP supporters insist that their grievances be addressed before the final results are announced.


In a video shared by Channels Television on Sunday, September 22, protesters are seen calling for fairness and accountability from INEC officials, urging the commission to ensure that all votes are counted accurately.


As the collation process continues, the atmosphere remains tense, with the PDP pushing for immediate attention to their concerns regarding the electoral process.

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