• NNPC increases fuel price to ₦998 in Lagos and ₦1,030 in Abuja
• NLC warns FG to reverse fuel price
• Report reveals Tinubu borrowed $6.45 billion from World Bank
• Tinubu’s initiative hopes to save the day with options to convert vehicles to CNG
• NiMet forecasts a three-day thunderstorms nationwide

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss.

NNPC increases fuel price to ₦998 in Lagos and ₦1,030 in Abuja

The Nigerian National Petroleum Company (NNPC) has had Nigerians panic-buying fuel since its sudden announcement of an increase in fuel price, raising the price to ₦998/litre for those in Lagos and ₦1,030/litre for Abuja.

This increase in fuel price across all NNPC retail outlets is the second price increase within six weeks, as NNPC had previously raised its price to ₦898/litre.

Due to NNPC’s increase, Independent Petroleum Marketers have also raised the prices of their fuel to ₦1,200/litre. Since the announcement, Nigerians have all run to fuel stations nationwide to mass-buy petrol before the commodity prices are implemented.

NLC warns FG to reverse fuel price

The Nigerian Labour Congress (NLC) has warned the federal government to return the price of petrol to its previous amount, claiming that it was irresponsible and illegal for a private firm to control and determine the cost of petrol.

The NNPCL had earlier raised the fuel price to ₦898/litre and was met with harsh criticism but to have increased the fee to ₦998/litre for Lagos and ₦1,030/litre for Abuja has only Nigerians to more sufferings and exploitations from petrol stations across the nation.

The President of NLC, Joe Ajaero, wondered loudly why the NNPC has sought to hike the price of fuel almost every month when the minimum wage has yet to be implemented.

Report reveals Tinubu borrowed $6.45 billion from World Bank

A report has alleged that President Bola Tinubu has borrowed $6.45 billion from the World Bank within 16 months (a year and four months).

The total loan increased to $6.45 billion after the recent approval of the $1.57 billion loan from the World Bank for several projects in Nigeria.

The continuous approval of loans to Nigeria increases the country’s debt profile as the World Bank has now given out 36 loans to the federal government within five years, totalling Nigeria’s loan to $24 billion.

Tinubu’s initiative hopes to save the day with options to convert vehicles to CNG

President Bola Tinubu’s Renewed Hope Initiative has taken the opportunity to inform Nigerians of an alternative to the use of petrol for their vehicles by introducing Compressed Natural Gas (CNG), which costs less than fuel prices in Nigeria.

According to the Presidential Compressed Natural Gas Initiative (PCNGi), CNG is much cheaper, safer and cleaner than fuel, now sold at ₦1,030/litre.

NiMet forecasts a three-day thunderstorms nationwide

Through the Nigerian Meteorological Agency (NiMet), the federal government has forecast a torrential pour of thunderstorms across Nigeria for the next three days.

From Thursday, 10 October, morning thunderstorms will begin in Nigeria’s Northern regions like Adamawa, Bauchi, Gombe, Kaduna, Kebbi, Taraba, and Zamfara and gradually spread to other areas.

NiMet warned of a potential flood due to the thunderstorms in major cities and has asked residents of these areas to avoid such places.