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Instablog9ja
6 hrs
91
The Federal Government says it has saved $20 billion by removing petrol subsidy and adopting market-based foreign exchange pricing.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed this at an event in Abuja.
Edun stated that the two subsidies were costing the country five percent of the Gross Domestic Product (GDP).
“When there was a subsidy on PMS and on foreign exchange, they collectively cost five percent of GDP. Assuming GDP was $400 billion on average, five percent of that is $20 billion — funds that could now go into infrastructure, health, social services, and education.”
The real change is that no one can wake up and target cheap funding or forex from the Central Bank to enrich themselves without adding value. Similarly, profiteering from the inefficient petrol subsidy regime is no longer possible,” he said.
It must be recalled that President Bola Tinubu officially ended the petrol subsidy regime on May 29, 202M
Instablog9ja
7 hrs
15
A business owner has confessed to selling a product at 17 times its price, still labeling it ‘affordable for Nigerians’ in a viral post.
She said she once sold a product 17 times its cost price and it was still affordable for Nigerians.
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Instablog9ja
8 hrs
13
The Catholic Diocese of Auchi, Edo State, announced on Sunday the death of Rt. Rev. Monsignor Thomas Oleghe, who passed away at the age of 104.
In a statement from the Bishop of Auchi Diocese, His Lordship Gabriel Dunia, Monsignor Oleghe, the oldest Catholic priest in Nigeria, died at approximately 2:30 a.m. on November 24, 2024.
The statement expressed deep gratitude for the late Monsignor’s long and impactful life. It read, “With gratitude to God for a life well lived on earth, I hereby inform you of the passage of Rt. Rev. Monsignor Thomas Oleghe, the oldest Catholic priest in Nigeria, to the great beyond at about 2:30 a.m. on the 24th of November, 2024. He was of the Diocese of Auchi. May his lovely and gentle soul continue to rest in perfect peace. Amen.”
The diocese further announced that the funeral for the late Monsignor will be celebrated on Wednesday, November 27, 2024.
Instablog9ja
10 hrs
14
A man has discovered that his wife has been inflating kids’ school fees, overcharging him by ₦500k per term for years.
The kids school fee for the 2 kids that this couple living in Amuwo Odofin Lagis have together is 500k, which is 250k per term for one.
Madam told Oga that it is 1 million that is the school fees, and since Oga has no reason to doubt the wife, he has been sending the money unfailingly to Madam to pay when the school fees are due to be remitted.
Only for one of Oga’s friends who has his own kids in the school to casually mention the amount he pays as school fees to his friend when they were discussing school fees on WhatsApp. Oga thought the man was lying; the wife of 8 years, the wife of his youth, can’t lie to him now.
He is back to Nigeria now for Christmas break from his base in Europe where he stays and on Friday he went to the school without his wife”s knowledge on how much the kids school fees are.
A shocked man discovered to his chagrin that his wife has been sc@mming him of 500k every term all this while. Why would she do that? He said in tears to his friends, who he brought the matter to. If this woman asks him for 500k, he can easily dash her. Why sc@m it from him in this dubious manner? By betraying him in this manner? He doesn’t deserve it. The tra¥matised man lamented.
Instablog9ja
12 hrs
15
The Dangote Petroleum Refinery on Sunday announced a reduction in its price of the Premium Motor Spirit (PMS), also known as petrol, to ₦970 per litre for oil marketers.
The company’s Chief Branding and Communications Officer, Anthony Chiejina, disclosed this in a statement.
He said the decision is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”. According to the statement, the move is a cut from the refinery’s ₦990 ex-depot price announced earlier this month.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement partly read.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable. We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
The slash would help marketers save about ₦20 on each litre of petrol bought from the Lekki-based plant.
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Instablog9ja
14 hrs
16
Evang.Mike Bamiloye has revealed that several pastors are not enjoying their marriage but enduring it.
He said some women believed that a pastor cannot be@t them like unbelievers or divorce them at will. They use the man’s calling/ministry to blackm@il him. Several Pastors are not enjoying their marriage but enduring.
