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News for 12th of March 2021

News for 12th of March 2021

    Breaking News for 12th of March 2021

Fuel Price Hike: Petrol price now N212.61 per litre – PPPRA

  • The Petroleum Products Pricing Regulatory Agency has revealed in a new monthly template that the price of Premium Motor Spirit, also known as petrol, has reached N212.6 per litre.
  • According to the template which the PPPRA released midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketers usually use the upper band for pump price.
  • The expected ex-depot price, as seen in the template, is N206.42, while the landing cost is N189.61.
  • With ex-depot price standing at N206.42 per litre, the March template shows that the landing cost for petrol per litre is N189.61.
  • This is despite the Nigerian Petroleum Corporation saying there won’t be any change in the price of PMS in the month of March.

Gunmen abduct female students in Kaduna

An unspecified number of female students of the Federal College of Forestry Mechanisation in the Mando Igabi Local Government Area of Kaduna State have been abducted by gunmen.

The incident occurred in the early hours of was discovered that most affected were female students as their male counterparts were not taken away.

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The Kaduna State Commissioner for Internal Security and Home Affairs, Mr. Samuel Aruwan, confirmed the incident and said an investigation is ongoing.

Vaccine side effect fear: Vaccination continues, says FG, eight countries suspend rollout

  • The Federal Government on Thursday said Nigeria would continue to administer  AstraZeneca COVID-19 vaccine despite its suspension by eight European countries over fear of its possible deadly side effects.
  • The Minister of State for Health, Dr Olorunnimbe Mamora, in an interview with one of our correspondents in Abuja, said suspending the vaccine would amount to a fire brigade approach.
  • Also a prominent virologist, Prof. Oyewale Tomori, in an interview, stated that there was nothing to worry about.
  • But as Nigeria continued to deploy doses of the vaccine on Thursday, an international news channel, France24, reported that seven European countries – Denmark, Norway, Austria, Estonia, Latvia, Lithuania and Luxembourg – suspended all or part of its rollout as a precaution while they investigated concerns relating to blood clots and other side effects caused by the vaccine.
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