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FG to extend fuel subsidy for 6 months

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The Nigerian Government may have suspended plans to end its subsidy payments as reports indicate that the FG plans to spend N720 billion for the next 6 months on Premium Motor Spirit (PMS) subsidies.

This was disclosed in an exclusive report by The Guardian on Sunday, citing that President Muhammadu Buhari ordered that the subsidies remain in place for the next 6 months.

“Specifically, President Buhari has asked the Nigeria National Petroleum Corporation (NNPC) to suspend any idea on subsidy removal for five to six months so that a plan that does not harm ordinary Nigerians is evolved if the deregulation must go on,” a Government official said.

What you should know

NNPC GMD, Mele Kyari disclosed last month that the “NNPC may no longer be in a position to carry that burden because we cannot continue to carry it in our books,” after reports of fuel imports under-recovery revealed the FG was spending N120 billion a month on subsidy.
Kyari also hinted that they may soon start selling PMS at market prices saying: “NNPC importing PMS at market price and selling at N162/L. The actual market price should be between N211 and N234/L. Meaning is that consumers are not paying the market price.
“NNPC is currently the sole importer of PMS, and we’re trying to exit the underpriced sale of PMS. Eventual exit is inevitable, when it will happen I cannot say, but engagements are ongoing because the government is cognisant of the implications.”

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Music: Kuwait – Big Boy Doings

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Kuwait comes through on new bop titled “Big Boy Doings”. Big boy doings had Kuwait trapping about the good life, being a big spender and how good life is. Download and share the mountainbeat produced record below.
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Wizkid and Tems make history as “Essence (Remix)” enters the Billboard Hot 100 Top 10

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When Nigerian R&B singer, Tems, serenaded listeners on the hook of the crossover hit single—”Essence”—to the “You don’t need no other body” words, she indeed might have meant it in the relationship and/or sexual context but those words, those lyrics have gone on to have a life of their own outside the contextual or colloquial insinuation. This is very evident with the records the track keeps amassing, creating some in the process. The week starting 12th Ocotber (according to Billboard’s known style of uploading their weekly updated charts on Tuesdays) will see the pair of Nigerian Pop and R&B acts, Wizkid and Tems create a groundbreaking statement no other Nigerian artistes has ever made—the remix to “Essence” will make its debut on The Billboard Hot Top 10.

“Essence” was initially released almost a year ago, October 30th to be precise as part of Wizkid’s fourth studio-album, “Made In Lagos” and it soon became the rave of town both home and abroad, even being teased as one of the topmost songs of the summer 2021; its remix however came some ten months later, on August 13th, featuring American popstar, Justin Bieber.

Some few weeks later, the remix debuted on The Billboard Hot 100, even making it to the Top 20, peaking at No. 13, a record for any Nigerian song and artiste(s) at that time; this time around, it moves three spots upward to the No. 10 on the chart, becoming the first Nigerian song to make an entry into the Top 10 of the prestigious Billboard Hot 100 chart, invariably making both Wizkid and his featured guest, Tems, the first pair of Nigerian acts to have a song reaching that high on the chart usually dominated by American artistes and songs reigning in the USA. A historical moment for Wiz, Tems, Nigerian music industry and Africa at large.

This week’s Top 10 songs on the Billboard Hot 100.

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Play to earn crypto game, Supa Surf to launch its first series this October

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Terkion studio has linked up with Wavylab to release a new mobile game line Supa Surf. Supa Surf is a first person surfing mobile game set in a futuristic world, where you surf like it’s real life, scaling obstacles, maintaining balance competing with co-players and avoiding passing out. According to the CEO of Terkion Studios he said “we are trying to build a culture with Supa Surf not just a game, a community, therefore we will be seeing continuous update and improvement to give users the best possible feeling!”

With an initial release date slated for October 10, for the Wavy Lab published game, according to report, Supa Surf is the first of duo game that runs simultaneously with the second version being the Supa Surf pro, which will see the top player on the game’s inbuilt leaderboard earn crypto every month, when we reached out to Awoniyi Segun the CEO of Wavyvibrations, the parent company of WavyLabs he stated “With Supa Surf we are trying to make earning crypto easier, earn while you have fun and there are possibilities of decentralized market creation in the game using Wavycoin Protocol in the nearest future, we never can tell”.
Supa surf will enable players switch music while playing, competing and earning.

Developer: Terkion Studios
Series: Supa Surf
Publishers: Wavy Lab
Genres: Arcade
Platform: Android IOS

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