TRAGEDY AVERTED AS 120-YEAR-OLD ANCESTRAL TREE FALLS AT OBOSI MARKET. (PHOTO).#PRESS RELEASE.

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 Tragedy Averted as 120-Year-Old Ancestral Tree Falls at Obosi Market By Chiedu Okoye A major tragedy was averted at Eke Obosi Market in Idemili North Local Government Area of Anambra State after a 120-year-old ancestral tree collapsed, destroying shops and goods but leaving traders and visitors unharmed. The massive tree, estimated to be about 150 feet tall, fell within the market premises, damaging at least 12 shops and valuable merchandise. Residents and traders described the incident as miraculous, noting that no lives were lost despite the extent of the destruction. The fallen tree held significant cultural importance as a sacred symbol of Eke Obosi Market, which is regarded as a stronghold of the traditions and cultural heritage of the Obosi people. Beyond serving as a centre for commercial activities, the market is also known as a venue for communal traditional rites and ceremonies. Eke Obosi Market was recently rebuilt and modernised by renowned businessman, politician and ...
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FG SUSPENDS 15% IMPORT TAX ON PETROL AND DIESEL. (PHOTO).

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 FG Suspends 15% Import Tax On Petrol And Diesel


After massive public pressure and sustained resistance from Nigerians, the Federal Government has finally backed down and suspended the proposed 15 percent import duty on petrol and diesel.


The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) confirmed the suspension in a new statement, assuring citizens that the tax is no longer being considered. The agency also cautioned against panic buying or hoarding, stressing that Nigeria currently has adequate supplies of petrol, diesel, and LPG from both local refineries and imports.


This decision marks a major victory for Nigerians who stood firm against a policy that would have worsened fuel prices, increased transport costs, and pushed living conditions further into hardship.

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