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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Supreme Court-Govt others: Allow old notes beyond February 10th


Redesigned Naira Notes 


By Akinola Ajibade


The Supreme Court  has restrained the trio of  Federal Government, Central Bank of Nigeria (CBN) and Commercial Banks from continuing with the February 10 deadline, pending the determination of the suit filed on the issue on the issue.

The government through CBN  had earlier set January end as deadline for the expiration of the old notes, but later postpone it to February 10, due to pressures such scarcity of the new notes and other burning problems in the country.

Prior to this period, the governments of Kogi, Kaduna and Zamfara had in a motion ex-parre filed on February 3rd prayed the apex Court to stop the Central Bank of Nigeria naira policy.

The governors filed the suit against Federal Government and CBN with a view to allow the N200, N500 and N1000 notes to remain a longer tender beyond February 10th, this year.

The government, whose actions were to help the hapless Nigerians, who are feeling the pains foisted on them by problems such as fuel scarcity, redesignation of naira notes, struggling economy among others  appeared  to have won the battle,as Supreme Court led by Justice John Okoro, in an unanimous ruling, granted an interim injunction restraining the Federal Government, CBN, commercial banks etc from implementing the February 10, deadline for the old 200, 500 and 1000 Naira notes to stop being a legal tender.

Mr Bayo Onanuga, who is the Director, Media and Publicity, All Progressives Congress APC' s Presidential Candidate, Asiwaju Bola Ahmed Tinubu hailed the judgement, saying that the governors are strongly fighting on behalf of Nigerians.

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