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Nigeria’s New Fuel Pricing Strategy: A Shift Towards Compressed Natural Gas

Ikechukwu Emmanuel

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In a significant policy shift aimed at easing the financial burden on motorists, President Bola Tinubu announced that Nigerians can now choose between purchasing petrol at N1,000 per liter or opting for the more economical Compressed Natural Gas (CNG) priced at N200 per Standard Cubic Meter. This announcement was made during a meeting with executives from the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja on Tuesday.

The president highlighted the advantages of this initiative, stating, “Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200.” He further elaborated that incentives are being introduced for commercial motorists, allowing them to convert from petrol to gas at no cost.

Tinubu acknowledged NIPCO’s vital role in advancing the adoption of CNG as a viable alternative fuel. He underscored the importance of this transition in reducing the nation’s dependence on petrol and lowering fuel costs for consumers. This strategic move not only aims to alleviate the financial strain on motorists but also supports Nigeria’s broader goals of enhancing energy sustainability.

As the country navigates its energy landscape, this initiative represents a noteworthy step towards more accessible and affordable fuel options for all Nigerians.

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Entertainment

Val Kilmer, Acclaimed Actor, Passes Away at 65.

Ikechukwu Emmanuel

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Hollywood mourns the loss of Val Kilmer, the acclaimed actor known for his diverse and memorable roles, who passed away in Los Angeles on Tuesday at the age of 65. His daughter, Mercedes Kilmer, confirmed the news.

Kilmer, a prominent figure in 1990s cinema, achieved widespread recognition for his performances in iconic films such as “Top Gun,” “The Doors,” where he embodied Jim Morrison, and “Tombstone,” where he portrayed Doc Holliday. He also donned the cowl as Batman in “Batman Forever.” His extensive filmography includes significant roles in “Heat,” “The Saint,” “Willow,” and the recent “Top Gun: Maverick.”

Beyond his on-screen achievements, Kilmer’s career was marked by periods of controversy and fluctuating box office success. He was reportedly diagnosed with throat cancer in 2014, though he later recovered.

Val Kilmer’s talent and dedication to his craft will undoubtedly be remembered by audiences for years to come.

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Foreign

Case Dismissed: Federal Charges Against Mayor Adams Dropped.

Ikechukwu Emmanuel

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On Wednesday, District Court Judge Dale Ho dismissed, with prejudice, the federal criminal case against New York City Mayor Eric Adams. This action effectively terminates the possibility of the Department of Justice (DOJ) resurrecting the five-count indictment against the Democrat in the US District Court in Manhattan.

The dismissal follows a controversial request by the Trump administration, nearly two months prior, to drop the corruption charges. The DOJ argued that prosecution would impede Mayor Adams’ ability to govern New York City and collaborate with the administration’s immigration enforcement policies.

The request prompted significant internal dissent, culminating in the resignation of seven federal prosecutors, including the acting Manhattan US attorney. Their departure underscores the contentious nature of the decision to seek dismissal and the ethical questions it raised within the Department. The “with prejudice” ruling solidifies the finality of this complex and closely watched legal battle.

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Entertainment

Mayorkun Considers Relocation Amidst Rising Trend of Nigerian Celebrities Abroad.

Ikechukwu Emmanuel

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Afrobeats artist Mayorkun, known for hits like “Mayor of Lagos,” has publicly expressed his contemplation of relocating abroad. In a recent post on X, the singer stated, “I dey reason to japa [relocate].”

Mayorkun’s sentiment echoes a growing trend among Nigerian celebrities. The past decade has witnessed a significant exodus, with notable figures such as Tacha, Eldee, and Genevieve Nnaji among those who have chosen to relocate. This trend, further exemplified by Banky W’s move to the United States for educational pursuits last year, highlights concerns regarding current socio-economic conditions within Nigeria. The reasons behind these decisions are multifaceted and warrant further observation as more prominent figures weigh similar options.

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