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Newspaper Headlines: Petrol scarcity worsens as product sells for N900/litre at black market

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
April 29, 2024 7:00 am

Reports on petrol scarcity in many parts of the country suffuse the frontpages of Nigerian newspapers.

The Punch reports that Nigerians in Lagos and other parts of the country are struggling to get petrol as many filling stations remained under lock and key throughout the weekend. The newspaper says President Bola Tinubu said removal of petrol subsidy saved Nigeria from bankruptcy.
Daily Trust reports that data from the National Bureau of Statistics (NBS) has shown that the price of one kilogramme of rice increased by 152.93 percent in March. The newspaper says the Organisation of Islamic Cooperation (OIC) and six Arab countries have urged the international community to implement robust sanctions against Israel.
The Nation reports that shareholders of Zenith Bank Plc have unanimously approved the restructuring of the bank to a holding company. The newspaper says 90 police officers were killed between March 2023 and March 2024 by bandits and other criminal elements across the country.
Vanguard reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) said the current petrol scarcity will linger for two weeks. The newspaper says the federal government has commenced the demolition of properties affected by the right of way of the Lagos-Calabar highway.

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