Connect with us

News

BREAKING: Dangote Further Crashes Diesel, Aviation Fuel  Price

Published

on

Dangote Petroleum Refinery has again announced a further reduction in the prices of diesel and aviation fuel to N940, N980 per litre respectively.

This is coming at the wake of its widely celebrated price reduction to N1,000 barely two weeks ago.

The price change of N940 is applicable to customers buying five million litres and above from the refinery while the price of N970 is for customers buying one million litres and above.

Advertisement

Speaking on the new development, the Head of Communication, Mr Anthony Chiejina, explained that the new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria.

“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri.

READ ALSO: Edo Guber: INEC Releases Final List Of Candidates

“You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates,” he stated.

Advertisement

He further stated that the partnership will be extended to other major oil marketers.

The essence of this is to ensure that retail buyers do not buy at exorbitant prices.

“The Dangote Group is committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce this new prices and hope that it would go a long way to cushion the effect of economic challenges in the country,” he added.

READ ALSO: JUST IN: Aircraft Belonging To Dana Air Skids Off Lagos Airport Runway

Advertisement

It would be recalled that the management of Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 Naira per litre barely two weeks ago.

This marks the third major reduction in diesel price in less than three weeks when the product sold at N1,700 to N1,200 and a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.

President Bola Tinubu had also commended Dangote for the initial price reduction, describing it as an “enterprising feat.”

READ ALSO: IGP Faults Creation Of State Police

Advertisement

Reacting to the latest development, The Director General of the Manufacturers Association of Nigeria (MAN), Mr Ajayi Kadiri, said: “The decision of Dangote Refinery to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy.”

He added: “The trickle down effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity.

“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation.”

Advertisement
Advertisement
Comments

News

Operation Feed Edo: Obaseki Launches Christians Feeding Programme, Distributes 10kg 60k Bags Of Rice

Published

on

Governor Godwin Obaseki of Edo State, on Friday, said he has earmarked nothing less than N1bn Naira monthly to feed vulnerable Christians in the state in the next three months.

This is as he said a similar programme has been mapped out for people in the Muslim faith in the state.

Obaseki disclosed this during the official flag-off of phase one of Edo State Food Support Programme also known as Christian Feeding Programme in Benin City.

Advertisement

The Governor, who said he was worried by the rising number of people who cannot afford a square meal in a day in the state, said he had to call Christian leaders in the state on how best to address the alarming situation.

READ ALSO: Group Mulls Legal Option To Stop IOCs’ Divestment From N’Delta

Obaseki said in order not to make it look political, he decided not to involve political office holders, but Christian leaders in reaching out to vulnerable Christians in the state.

The Governor who added that the state government already had data of the vulnerable in the state database, said the means of reaching out to them maximally was the issue, hence using churches to reach out to them.

Advertisement

He said: “I was worried by the rising number of people who cannot afford a square meal in a day. So, I thought to myself how do we solve this problem. This is not politics I told myself.

“I then called the chairman of Christian Association of Nigeria (CAN) and some of the blockheads to a meeting and explained to them what I intended to do. So, that’s how we put our heads together to come up with this programme.”

READ ALSO: Officer Who Shot Man Dead During Fuel Queue Tumult Identified — Lagos Police

Obaseki added: “I told them this is the amount of money I will be giving you every month. I’ll give you a billionaire monthly for three months first. At least, Let us try this for the first three months.”

Advertisement

The governor said the programme was not just to feed the vulnerable, but also together more data about people in the state on how the government can create employment for them and how the government can render help where necessary.

Earlier, in his remarks, Chairman of the Organising Committee who also doubles as the Chairman, CAN,
Apostle Irekpono Omoike, while thanking the governor for the initiative, said 10kg of 60,000 bags of rice have been purchased for onward distribution to the three senatorial districts in the state.

According to him, 27,000 bags of the 10kg would be distributed to the seven local government areas in Edo South, 15 bags to Edo Central and 18 bags to Edo North.

Further giving the breakdown, Omoike said 3, 000 bags would be distributed to each local government across the 18 local government areas, summing upto 54,000 bags, while the remaining 6,000 bags would be distributed to churches not captured under CAN.

Advertisement

 

 

Advertisement
Continue Reading

News

Shell Set To Build Gas Pipelines In Oyo

Published

on

Shell Nigeria Gas and the Oyo State Government have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in the state.

A statement released on Friday by Shell Nigeria’s Media Relations Manager, Abimbola Essien-Nelson, disclosed that SNG will build and operate the gas distribution network which will serve customers across Oyo State for 20 years.

According to the statement, the project will start with the construction of gas distribution infrastructure along a 15km pipeline route, adding that it will grow to deliver up to 60 million standard cubic feet of gas per day across the state.

Advertisement

It was learnt that the first gas is expected in the fourth quarter of 2025.

READ ALSO: Dave Umahi Trends Online After ‘Me I No Hear Phone’ Comment On Live TV [VIDEO]

Speaking at the signing ceremony, the Oyo State Governor Seyi Makinde, described the project as a catalyst for development in the state.

Makinde said, “This project fits into our plan to drive innovation and industrialisation in Oyo State and we’re ready to partner with more companies and other organisations to enhance the delivery of relevant projects”.

Advertisement

Speaking, the Managing Director of SNG, Ralph Gbobo, noted that the agreement was “a significant milestone for SNG and Oyo State to boost economic activities in Nigeria by supplying industries and manufacturers with natural gas, a more reliable, cost-efficient and environmentally friendly source of energy”.

He explained, “The gas distribution project will be a game-changer in the industrialisation drive of the Oyo State Government and help boost internally generated revenue and result in more job opportunities.

READ ALSO: 19-year-old Convicted For Dating, Impregnating 14-year-old Sister

“For SNG, the project is a milestone in our effort to continue growing the energy supply to businesses in Nigeria in line with Nigeria’s ambition to drive progress on the back of natural gas availability across Nigeria under the Decade of Gas initiative”.

Advertisement

The Managing Director of The Shell Petroleum Development Company of Nigeria Limited and Chairman, Shell Companies in Nigeria, Osagie Okunbor remarked that the event pointed to the value of partnership as “Shell continues to power progress” in Nigeria through more and cleaner energy solutions for commercial and industrial customers.

“Building on our presence in the country since the 1960s and the wide marketing and trading reach of Shell Energy, we are excited about developing gas distribution solutions and delivering competitive and reliable energy for power generation and industrial use across Nigeria,” Okunbor added.

SNG was incorporated in 1998 as a fully Shell-owned company. Over the years, the company has become a supplier of gas and now serves over 150 clients in Abia, Bayelsa, Ogun and Rivers states.

READ ALSO: Group Mulls Legal Option To Stop IOCs’ Divestment From N’Delta

Advertisement

The PUNCH reports that the Federal Government said it would stop granting licences to gas companies with no capacity to build pipelines for gas distribution.

This, the government said became necessary to discourage the transportation of compressed natural gas through the roads.

The Minister of State for Petroleum (Gas), Ekperikpe Ekpo, made this disclosure when he was in Abeokuta, the Ogun State capital on Wednesday.

While saying the country must transit from fossil fuel to CNG, Ekpo revealed that he had directed the Chief Executive of the Nigerian Midstream and Downstream Regulatory Authority, Farouk Ahmed, not to issue licenses to anyone who could not pipe CNG to the end users.

Advertisement

Continue Reading

News

15-year-Old Public School Student Scores 362 In UTME

Published

on

A student of a public secondary school, Government Secondary School, Omu Aran, Kwara State, Olukayode Victor Olusola, scored 362 marks in this year’s Unified Tertiary Matriculation Examination, UTME, to be among the contenders for the highest scorers in the examination.

Though the Registrar of the Joint Admission and Matriculation Board, JAMB, Prof. Isaq Oloyede, organisers of the exam, had said the Board would not announce the highest scorer to avoid last year’s experience of confusing claims, Olukayode’s score is celebratory, as it is among the highest in recent years.

He scored 95 marks each in Mathematics, Physics and Chemistry and 77 in English Language.

Advertisement

READ ALSO: 2024 UTME: JAMB Withholds Results Of 64,624 Candidates

His exploit is coming against the backdrop of the poor performance of candidates in the exam in which 1.4 million scored less than 200 marks out of 400. The exam was taken by over 1.8 million candidates

Also, Olukayode’s excellent performance is coming at a time when confidence is greatly eroding in what public schools have to offer and some private schools are boasting of being the most expensive in the country.

READ ALSO: BREAKING: JAMB Releases 2024 UTME Results 

Advertisement

Olukayode was born in 2009 and hopes to study Electrical Electronic at the University of Ilorin, Kwara State.

His mother, Beatrice Tosin, while giving all the honour to God, also praised the studious and hard working nature of her child.

 

Advertisement
Continue Reading

Trending