The Independent Petroleum Marketers Association of Nigeria, (IPMAN) has warned Nigerians of another round of fuel scarcity. IPMAN’s National Public Relations Officer, Okanlawon Sulaiman Olanrewaju, who gave a hint of the expected scarcity when he spoke with newsmen on Friday in Ilorin, the Kwara State, said the expected round of fuel scarcity followed the price the Nigerian National Petroleum Corporation Limited (NNPCL) has imposed on marketers. According to him, it was too high and could cause another round of fuel scarcity. He said NNPCL wants to sell at N1,010 to…
Read MoreDay: October 13, 2024
Ɗangote to start crude production soon – Report
Amid feedstock challenges, the Ɗangote Group, owners of the Ɗangote Refinery, will soon commence crude oil production. According to reports by S&P Global Commodity Insights, the Ɗangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024. According to the report, the company, which has endured months of crude supply woes, would reportedly commence production at its two Niger-Delta upstream projects in Oil Mining Leases (OML) 71 and 72, starting with about 20,000 barrels per day before ramping up further in the…
Read More“Is it not the country’s jet, fuel?’ – Nigerians blast Onanuga for comments on Tinubu’s trips
Controversy erupted on social media as Nigerians took to X (formerly Twitter) yesterday to express their discontent with Bayo Onanuga, the presidential spokesman, following his comments regarding President Bola Tinubu’s travels. The backlash was triggered by an earlier statement from the Senior Special Assistant to the President on political matters, Ibrahim Kabir Masari, revealing that President Tinubu had left the United Kingdom, where he was initially scheduled for a two-week vacation, for Paris, France. In response to the unfolding situation, Onanuga tweeted, “President Tinubu is on leave for two weeks. He…
Read MoreDefence Minister warns Amaechi over call for protest against hardship
Minister of State for Defence,. Bello Muhammed Matawalle, has condemned recent statements made by Rotimi Amaechi, accusing him of inciting violence and unrest among the Nigerian populace. Recall that Amaechi recently said Nigerians should be protesting against the hardship in the country. Matawalle, in a statement released yesterday by the Director of Information in the Ministry of Defence, Henshaw Ogubike, issued a stern warning to the former Minister of Transport, urging him to desist from making inflammatory remarks that threaten the peace and stability of the nation. Matawalle expressed deep…
Read More“Affordable fuel is possible at zero subsidy” – Dr. Tilde tackles Tinubu
…Says “IMF, oil magnates are not your 2027 partners Renowned public commentator, Dr. Aliyu Tilde has issued a strong call to President Bola Tinubu, urging him to ensure that Nigerians benefit from affordable fuel prices without the need for subsidies. In a detailed statement following his participation in a British Broadcasting Corporation (BBC) radio panel discussion on Friday, Dr. Tilde expressed concerns over the current pricing regime, which ties domestic petrol costs to global oil market fluctuations and the value of the U.S. dollar. Dr. Tilde challenged the narrative presented…
Read MoreFreight Forwarders may down tools, as terminal operators hinder moves to decongest ports
National Coordinator, 100% Compliance Team of the National Association of Government Approved Freight Forwarders (NAGAFF), Dr. Ibrahim Tanko, has warned that Freight Forwarders would withdraw their services if the Terminal Operators continue to obstruct efforts by the Government to reduce congestion at the ports. Dr. Tanko, who disclosed this in a statement yesterday, accused the Terminal operators of applying all kinds of strategies to frustrate moves by the Overtime and Auction Committee to decongest the ports. He lamented that most cargo boxes are trapped in the ports because of demurrage.…
Read More“Fuel price hike unfortunate , insensitive”- Peter Obi
Presidential candidate of the Labour Party (LP) in the 2023 general election, Peter Obi described the recent hike in the price of petrol products as “unfortunate and insensitive”. Obi made this known in an issued statement he titled: “Reversing the Sudden Fuel Price Increase”, on his X.com account, yesterday. According to Obi, the increase in fuel prices has far-reaching negative consequences for the current Nigerian economic survival and well-being of Nigerians. He stated that reversing the sudden price hike relies on the hands of the Minister of State for Petroleum…
Read MoreNBC, BON collaborate to overcome DSO challenges
The Director-General National Broadcasting Commission (NBC), Charles Ebuebu, and Board of Management of the Commission recently held a meeting with members of the Broadcasting Organisations of Nigeria (BON), in Abuja, on ways of achieving the Digital Switch-Over (DSO) project. Recall that Ebuebu recently announced President Bola Tinubu approval of N10 billion grant to the Commission to actualise the country’s DSO process. He added that NBC and Nigeria Communications Commission (NCC) are forging strategic alliance and unified effort to ensure smooth transition to digital broadcasting. Ebuebu also assured that the funds…
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