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Dangote Refinery Begins Direct Petrol Sale To Marketers

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The Dangote Petroleum Refinery has started supplying Premium Motor Spirit, popularly called petrol, to some oil marketers directly without recourse to the Nigerian National Petroleum Company Limited.

It was gathered that while more oil marketers were intensifying efforts to buy the product directly from the plant, others were importing the commodity, as hundreds of millions of litres of imported PMS should hit Nigeria’s shores in two weeks’ time.

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Recall that The PUNCH reported on Monday that no fewer than four vessels carrying imported PMS arrived at seaports situated along the nation’s borders between Friday, October 18, and Sunday, October 20.

The report cited a document obtained from the Nigerian Port Authority, which showed that about 123.4 million litres of PMS were berthed at two seaports to improve fuel supply nationwide.

The development confirmed an earlier exclusive report by The PUNCH, which disclosed that oil dealers intend to import the commodity to supplement the supply from the $20bn Dangote refinery.

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Meanwhile, as major oil marketers import the commodity, their counterparts have started lifting PMS directly from the Lekki-based plant.

A senior official at the refinery said marketers are now allowed to approach the company for direct business transactions on a willing-buyer, willing-seller basis.

READ ALSO: Dangote Refinery In Court Seeking Annulment Of Import Licences To NNPCL, Others

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“Marketers are already coming to the refinery to lift PMS. They are lifting directly from the refinery, not through a third party,” the reliable official, who spoke in confidence due to lack of authorisation to speak on the matter, stated.

The source, who could not tell the price at which marketers were lifting the product, noted that the oil dealers would not come if the price was not favourable to them.

“We have reached agreements with some of the marketers and more are still ongoing. I don’t know the exact price, but if the price is not good, the marketers would not be coming to us,” the official stated.

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He maintained that things are improving, especially as the Federal Government commenced the supply of crude to the facility.

Another official at the facility showed one of our correspondents the trucks of some marketers loading the product directly from the plant without going through NNPC.

“Some of the trucks you saw there today were from marketers purchasing the product directly from Dangote, without recourse to NNPC. So the direct sale has started,” the source stated.

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The official explained that due to the high demand for petrol in Nigeria and other countries, the refinery had focused on ensuring 53 per cent of PMS production from its crude oil supplies.

READ ALSO: Fuel Price: FG Permits Marketers To Lift Dangote Petrol

“This could be reviewed in future if the demand for other finished products increases more than the demand for petrol, but right now about 53 per cent of our crude is used for petrol production, while other products account for the remaining percentage,” the official stated.

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When asked if marketers had started the direct purchase of petrol from Dangote without recourse to NNPC, one of the notable major marketers in the country replied in the affirmative.

Yes, everyone is in the process. This was advised that it would happen soon and is a normal business transaction,” the source stated.

But this is contrary to claims from some quarters that the refinery would not be able to sell petrol to marketers unless the deal between it and the NNPC is terminated.

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Recall the company had initially announced that the NNPC would be the sole off-taker of its petrol from September 15.

A source at the refinery said this was as decided by the Federal Government. The source said he was taken aback when the Technical Subcommittee on Domestic Sale of Crude Oil in Local Currency announced on October 11 that marketers should now lift petrol directly from the refinery.

Moving forward, petroleum product marketers are now able to purchase PMS directly from local refineries without the intermediary role of NNPC. Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency,” the Minister of Finance, Wale Edun, who heads the committee stated in a statement.

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READ ALSO: NNPCL, Dangote In Marathon Meetings Over Petrol Pricing

As the committee made the announcement, operators said the market had been fully deregulated and they would approach the refinery to apply for PMS lifting.

Recall that the Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, recently led other officials of the association to a meeting with the Vice President of the Dangote Industries, Devakumar Edwin, in Lagos.

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Though Fashola did not give much updates about the meeting with Edwin, he appreciated him for the roles he had been playing.

Edwin received us very well and promised to make things easier for IPMAN to do business with Dangote,” he said.

Fashola added, “We had a fruitful discussion with the group. We have started discussing modalities and other logistics. IPMAN has agreed to work with Dangote. We hope very soon we will start lifting products from the facility.”

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However, IPMAN said it could not commence the immediate off-take of the product unless the refinery ends its contract with the NNPC.

But officials at the refinery stated that the refinery was now selling PMS to some marketers.

When the Dangote refinery began the sale of PMS on September 15, the NNPC said it bought the product at the rate of N898/litre; a claim the refinery described as mischievous.

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The refinery said the naira-for-crude committee would be the one to announce the price of its PMS. The committee has yet to do so as of October 22.

 

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ITF Warns Organisations, Employers Against Rejection Of IT Students

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The Industrial Training Fund (ITF) has warned organisations and employers nationwide against rejecting students seeking attachment for their Industrial Training (IT) exercises.

ITF Area Manager in Bauchi, Dr Ashore Paul, issued the warning on Thursday during the orientation exercise for prospective IT students of the Federal Polytechnic, Bauchi.

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Represented by Mrs Nanzem Yilshuut, Head of Training at the ITF Bauchi Area Office, Paul said that “the act establishing the Fund mandates every organisation to accept students for industrial attachment.”

He further stated that any employer or organisation found in breach of these provisions was liable to conviction and sanctions.

READ ALSO:ITF Trains 120 Youth In Plumbing, Solar Power Installation, Others In Bauchi State

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Paul also urged the prospective IT students to adhere to the rules and regulations of any organisation they joined and to be willing to learn and fulfill their responsibilities.

When these students come back, we expect that there is a difference.

“They should have learned something new because definitely, what they learned in school, would be expected to be put into practicals.

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“This will help them in their academics and also assist them in their future endeavours.

READ ALSO: JUST IN: Provide Update On Missing N3bn Within 48 Hours, Reps Tells ITF

They must participate 100 per cent, they must be disciplined and they must be willing to learn.

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“We go round to ensure that they are doing what they are expected to do at their places of attachment.

“When we go for supervision, we ensure that what they are learning is in line with their courses,” he said.

The Rector of the institution, Sani Usman, said that the industrial attachment was an activity that enabled polytechnics to fulfill their mandate as technology and skill-driven institutions.

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READ ALSO:Edo Govt Lauds ITF On Training Of 100 Edo Youths On Skills

“Our students are given industrial experience during their first year so as to be registered in their minds that all of them are meant to be skilled class men and women and that is why the industrial attachment is very important.

“It enables them to build on what they have learned in their respective classrooms and practicals during the year,” he said.

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Usman emphasised the importance of proper supervision during industrial training.

READ ALSO: I’m Being Impersonated – Goodluck Jonathan Disowns Social Media Account

According to him, it will ensure students not only attend their placements but also carry out their assigned tasks effectively.

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“The supervision is also to see that the employers or the places they have been sent to do their Students Industrial Work Experience Scheme (SIWES) do not exploit them to the level that is not required by the institution”, he said.

He further revealed that 3,000 students across all departments in the institution were going for this year’s SIWES.

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Smokers Risk Cardiac Arrest, Expert Warns

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A Professor of Cardiothoracic Surgery, in the department of surgery, Faculty of Clinical Sciences, College of Health Sciences, University of Uyo, Prof Eyo Ekpe has warned cigarettes smokers and patients with diabetes to take adequate of their chest in order not to fall a victim of cardiac arrest .

He said that these health conditions trigger certain types of abnormal heartbeats called arrhythmias responsible for sudden cardiac arrest.

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Professor Ekpe gave the warning on Wednesday while delivering the 117th Inaugural Lecturer of the University of Uyo, titled “My Chest! My Chest!! My Chest!!!: Relieving Chest Pain, Preventing Death and Restoring Health”

He disclosed that many Nigerians have died for ignoring cardiac arrest triggers, preventing them, or seeking late medical attention to chest related ailments.

READ ALSO:Tobacco Kills 1.3 Million Non-smokers Yearly — WHO

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Chest pain should not be ignored. Symptom of chest pain that is reported early would afford the clinician the opportunity to obtain adequate medical history from the person, medically examine the person thoroughly, optimally conduct the necessary laboratory tests to unravel the cause, and apply an evidence based treatment modality to relieve the chest pain, prevent death and restore heath.

“People should guard their heart diligently to prevent heart attack. Cigarette should not be smoked, high blood pressure should be prevented or controlled, diabetes mellitus should be prevented or controlled, and high blood cholesterol and lipoprotein should be prevented or controlled. A culture of regular physical exercise must be intentionally domesticated.

“People should guard their heart diligently to prevent cardiac arrest. Causes and triggers of arrhythmias should be prevented by preventing stress, hypertension, diabetes mellitus, obesity, coronary artery disease and electrolyte disorders, and avoiding cigarette smoking and alcohol abuse,” he stated.

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READ ALSO:Marijuana Smokers Prone To Head, Neck Cancers — Study

Ekpe said medical consultation for chest problems should be with qualified medical doctors to avoid misdiagnosis, wrong treatment and complications, adding that regular medical checks and timely reports of symptoms of ailments must be prioritised.

Safe-driving habit and road safety must be taken as a serious business. Seat restrained-belt should be used by all occupants of moving vehicles.

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“Bicycles, motorcycles and tricycles should not ply traffic-congested roads. All victims of chest pain and chest injuries must be attended to by qualified medical doctors in a timely manner,” he advised.

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FirstBank’s Digital Banking Channels Suffers Downtime

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FirstBank has suffered a temporary disruption to its major digital banking channels, which will prevent some customers from completing transactions.

In a notice issued on Thursday, the bank said the downtime is affecting services on FirstMobile, FirstOnline, and its *894# USSD platforms.

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“Please be informed that we are currently experiencing some downtime affecting transactions to other banks on FirstMobile, FirstOnline, and USSD platforms. Customers may therefore experience delayed or declined transactions,” the circular read.

READ ALSO:Sterling Bank Unveils First 30 Beneficiaries Of N2bn Scholarship

The bank apologised for the inconvenience and assured customers that its technical team, working with partner service providers, is making every effort to restore full services as quickly as possible.

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The disruption occurred less than two months after FirstBank introduced facial biometric authentication on its FirstMobile app, designed to enhance the customer experience and security.

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