RECORDING ACADEMY ADDS FIVE NEW GRAMMY CATEGORIES, UPDATES RULES FOR 2026 AWARDS. (PHOTO).

-
Image
 Recording Academy adds five new Grammy categories, updates rules for 2026 awards NEW YORK - The Recording Academy is introducing five new categories and making several rule changes for the 2026 Grammy Awards in an effort to reflect the evolving global music landscape. Among the new additions is a best Asian pop music performance category, which will honor performances across genres such as K-pop, J-pop, C-pop and other Asian pop styles, with the award going to performers. A new best traditional pop vocal performance category will recognize artists whose work does not fit within modern pop styles. A best Latin song category will spotlight songwriters for Spanish-language Latin recordings. Changes are also coming to existing categories in R&B and folk music. The academy is adding a best R&B collaboration or duo/group performance category alongside a revised best R&B solo performance award. In folk, the best folk album category will be split into best contemporary folk al...
Post a Comment

FUEL LANDING COST DROPS TO N774/LITRE.(PHOTO).

-


 Fuel landing cost drops to N774/litre


The landing cost of premium motor spirit dropped to N774.82 per litre, cheaper than the ex-depot price of Dangote Refinery’s fuel, which stood at N825 per litre.

This is according to the latest competency centre daily energy data released by the Major Energies Marketers Association of Nigeria on Tuesday.

Data from MEMAN indicates that estimated import parity into tanks has reduced to N774.82 per litre, a reduction of N152.56 or 16.5 percent from the N927.48 per litre quoted on February 21, 2025 regarding petrol.

The development comes as global oil price drop persists.

For instance, Brent Crude lowered to $70 and US WTI $66.70 as of Wednesday morning, 12 March, 2025, compared to around $76 and $69 in February.

The price drop in global crude price made fuel import costs fall to N774.82 per litre, according to MEMAN’s data.

This means fuel price may drop further to around N800 per litre, down from the lowest retail prices of N860 and N880 per litre in Lagos and Abuja in the coming days.

Recall that in the beginning of March and last month, the Nigerian National Petroleum Company Limited and Dangote Refinery reduced their petrol retail prices to N860 and N880 per litre in Lagos and Abuja.

The latest drop in fuel import landing cost will further aggravate the price war between Dangote Refinery, NNPC, and fuel importers.

Reacting, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said petrol prices may fall to N800 per litre.

“Crude oil is a major component in the production of fuel, so a further reduction in its price would definitely warrant a drop in petrol price, and it is possible to drop to N800 per litre.”

Earlier, the President of the Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry, in a meeting with the Nigerian Petroleum Minister of State, Heineken Lokpobiri, advocated for a petrol price stability framework to guard against losses incurred by both petrol retailers and marketers.

He further urged for healthy competition in the petroleum downstream sector through a multiplicity of petrol sources.

“This will drive healthy competition and guarantee that our domestic prices will not exceed import parity, thereby ensuring the best possible affordability with sustainability,” he said.

Recall that petrol retailers and marketers cited fear of healthy market competition, competitive pricing, and inadequate petrol production capacity as reasons for the product’s continued import despite Dangote Refinery’s fuel production.

This comes as the National Bureau of Statistics’ foreign trade data shows that petrol imports surged by 105 percent to N15.4 trillion at the end of 2024.

Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more