The Briefing Beacon

- The Department of State Services (DSS) urges organised labour to cancel nationwide protests planned for 27th and 28th February due to potential crisis and violence. - DSS advises dialogue instead of protests to maintain peace and public order. - The statement warns against exploiting the protests for violence and urges citizens to avoid destabilizing actions. - DSS emphasizes the importance of maintaining internal stability and unity to avoid catastrophic consequences. They must be paying them millions in DSS for them to be saying this nonsense. People can't eat anymore. Everything is so damn expensive and you are talking about violence. No be person wey chop belleful dey fight?! Read the full article. 

- Black market petrol prices hit ₦1000 per litre in Lagos because of the tanker drivers' strike. - Long queues at NNPC and MEMAN stations due to IPMAN stations being shut. - MEMAN stations offer petrol at ₦599-₦615 per litre, attracting more customers. - IPMAN stations face low supply, selling at ₦650 per litre. - IPMAN blames NNPC for stopping supply despite repaired pipelines. - Kano reports shut stations with petrol selling at ₦670 per litre. - Abuja experiences long queues at NNPC and major marketer stations. This country is gone. It is dead... Nothing is left. Nigeria is a failed state.  Read full article.  

 - Cement prices soar to N10,500 per 50kg bag, affecting end-users and construction projects across Nigeria due to inflation. - REDAN urges President Tinubu's intervention to mitigate the economic impact and uphold the housing sector's stability. - The government acknowledges challenges in housing delivery, considering incentives for private investors and addressing security concerns in housing schemes. 10,500 naira for cement in a country where the minimum wage is 30,000 naira?  This country is a hot mess.  Read the full article 

 - NARTO's meeting with the government ends without resolution. - NARTO cites high operational costs as the reason for suspending petroleum product loading. - Minister of State Petroleum Resources, Lokpobiri, promises continued engagement to address NARTO's concerns. - Fuel queues return to Abuja amid NARTO's directive to withdraw services. Nigerian Government, Nigerian Govermenting as per usual. They want to strong-arm their way into a resolution because they don't feel the pain of the people.  Read the full news article

 - Major Energies Marketers of Nigeria reject negotiation on fuel transportation cost with tanker drivers, deeming it illegal. - Tanker drivers' strike due to high operational costs led to a fuel lifting halt. - Major marketers claim the strike won't affect operations, citing separate transporters. - Law prohibits negotiation of fuel transport rates; each marketer negotiates independently. - Independent Marketers Association foresees fuel scarcity, and disagrees with major marketers' claim of unaffected operations. - Stakeholders meet to resolve issues; queues form at some filling stations in Abuja, Kaduna, Ogun, and elsewhere. These marketers are not serious. Do they think blowing smoke up our asses is going to solve the problem? Nigeria! Na wa. Read the news article for more details

 - Ibadan residents protest Tinubu's policies, citing economic hardship. - Demonstrators, mostly youths, block major roads in Mokola. - Slogans like "Tinubu is a thief" echo amid traffic congestion. - Protesters demand relief from inflation and food price hikes. - Police presence ensures order. - Similar protests were seen in Minna and Suleja. - Calls for government action against rising fuel and gas prices. - Deputy Governor of Niger State acknowledges citizens' plight and pledges government intervention. - The Nigerian Labour Congress schedules nationwide protests for February 27 and 28. Very good. We need more protests. Everything is too hard right now. Read the full article here for the full story

 - Fuel scarcity imminent in Nigeria as NARTO halts nationwide service due to economic challenges. - NARTO's president cites high operational costs and low freight rates as reasons. - Efforts to negotiate better rates unsuccessful, leading to withdrawal of services from February 19. - NARTO controls 80% of petroleum transportation. - NEC directs members to cease petroleum truck loading, impacting supply and distribution. - Employees urged to cooperate with the directive for sustainability of petroleum haulage business. - Notice also sent to regulatory agencies and MEMAN executive secretary. This country don tire me. What is this now?! No electricity, no fuel. Food is expensive. Jesus Christ! Read the full news article.

 - SERAP calls on NNPC CEO Mele Kyari to account for $2.04 billion and N164 billion oil revenues documented in the Auditor-General's annual report. - They want Kyari to name those responsible, surcharge them, and involve anti-corruption agencies as per financial regulations. - They state that there has been some serious economic damage and deficit spending caused by the missing funds. Who are the people stealing all these billions in this country? Where are they keeping all this money? Na wa oh, their greed and wickedness are unmatched. Read the full article, you will enjoy it and it will give you some real in-depth coverage of the whole saga.

- The presidency refutes Atiku's claim on forex policy under the Tinubu government. - Special Adviser Bayo Onanuga calls Atiku's statement "preposterous". - The presidency asserts CBN's strategic forex policies are yielding positive results. - Capital importation rises by 66.27% under Cardoso's CBN leadership. - Presidency links increased investor confidence to the Tinubu administration's policy direction. If you're wondering what Atiku's claim was, here it is: Atiku claimed that the forex policy of the Tinubu government was hastily put together without proper planning and consultations. He suggested that the policy hindered the implementation of a sound FX management policy. I don't know where they are quoting all these random figures of growth from but whatever. If you want the full context of the story,  Read Channels article on it. They explain it better.