Headline

FG Disburses N173bn For Uniform Fuel Price Nationwide

Published

3 years ago

January 11, 2023

The Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal Ministry of Petroleum Resources on Tuesday showed.

PMS price equalisation is done by the Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, in which the NMDPRA ensures price uniformity of petroleum products via the reimbursement of marketers for trucking products to filling stations anywhere in Nigeria.

A document obtained by our correspondent from the FMPR in Abuja, on the scorecard of the ministry since 2019, showed that over N173.2bn had been disbursed to equalise the cost of petrol nationwide.

But despite the hundreds of billions spent on PMS price equalisation, the cost of the commodity has hardly been equal in various states, outside Lagos and Abuja.

Currently, for instance, the price of petrol at mega stations owned by major marketers in Abuja and Lagos hovers between N179 and N180/litre, but the cost of the commodity in many independent retail outlets in other states is usually higher than N250/litre.

The price disparity across states has lingered for years, as one hardly gets the commodity at the same cost in all 36 states and the Federal Capital Territory.

In fact, in some retail outlets operated by independent marketers in major cities like Abuja and Lagos, the cost of PMS is over N200/litre, whereas the approved rate is N179-N180/litre. This, however, is despite the equalisation fund being disbursed by the government.

Providing a progress report on efforts to eradicate the smuggling of PMS across Nigerian borders, the Minister of State for Petroleum Resources, Chief Timipre Sylva, stated in the document that “a total of 255,659 truck-outs were equalised during the review period.

“N173,200,284,779 (approx.) equalisation paid. 1,277 supplying vessels tracked. 25,525,688,042 litres of total PMS discharged.”

The minister explained that 66.7 million litres of PMS was the average daily sufficiency during the period, adding that the total truck-out volume was 24,346,614,589 litres.

He also stated that the target of the FMPR was to ensure energy sufficiency in power and petroleum products, as well as reduction in the volume of smuggled PMS through improved technology.

Others include PMS equalisation to close differential cost, and to undertake routine end-to-end tracking of petroleum products cargos using Lloyds List Intelligence and Refinitiv.

Sylva, however, stated that the key challenges to achieving these targets were market infractions, defaulting marketers, delay in submission of out-turn forms by marketers, arrival/discharge quantity variation, and sharp practices by operators.

On the support that was required, he said there was a need for full system automation, review of existing policies, ensure strict compliance with regulations and strong inter-agency collaboration and transparency for petroleum product supply value chain activities around the border.

On the gas flare commercialisation programme, the document stated that the government had identified 48 flare sites, adding that the plan was to allocate them this year.

“48 flare sites have been identified. Six of them have been taken out of the basket because they are not commercially viable (because the flare volumes are minimal). The plan is that these flare sites will be allocated by Q4 2022,” the petroleum ministry stated.

Headline

Charlie Kirk Shooter Arrested, Named

Published

10 hours ago

September 12, 2025

Editor

United States authorities have arrested a suspect in the fatal shooting of conservative activist Charlie Kirk.

Law enforcement officials identified the suspect as 21-year-old Tyler Robinson from Utah, according to NBC News, citing five senior law enforcement sources.

Kirk was fatally shot in the neck on Tuesday while speaking at a debate at Utah Valley University.

Authorities said the attacker fired a single round from a rooftop in what they described as a targeted assassination.

US President Donald Trump confirmed the arrest, telling Fox News that investigators acted “with a high degree of certainty” in taking Robinson into custody.

Trump praised the joint efforts of local police and state officials in the investigation.

Headline

FBI Releases Video Of Charlie Kirk’s Shooter, Recovers Weapons Near Scene [WATCH]

Published

19 hours ago

September 12, 2025

Editor

The FBI’s Salt Lake City Field Office on Friday released video footage of the man suspected of fatally shooting conservative activist Charlie Kirk fleeing a rooftop after the incident on September 10, 2025.

The bureau, in a statement accompanied by the video link shared on X on Friday, noted that the video shows the shooter climbing onto a rooftop shortly before the attack and then jumping off and fleeing the scene after firing the fatal shots.

Investigators also reportedly found the weapon and ammunition used in the shooting in a wooded area near the university.

The agency wrote, “The FBI has released a video and more photos of the shooter in the Utah Valley shooting. The subject is seen jumping from the rooftop of a building after the shooting.

“Around 12 pm Mountain Time on September 10, 2025, the subject climbed up to a rooftop; after he shot and killed Charlie Kirk, he jumped off and ran away. He left a gun and ammunition in a wooded area near the university.

“Trace evidence collected from the rooftop scene included shoe impressions, a forearm imprint, and a palm print. Anyone with information in this case should call the FBI at 1-800-CALL-FBI or visit fbi.gov/utahvalleyshooting.”

The bureau added that it is working closely with law enforcement partners to seek justice in the murder of Charlie Kirk.

The PUNCH reported on Thursday that the FBI released initial images of a person of interest in the fatal shooting of Kirk.

The agency also offered a $100,000 reward for information leading to the identification and arrest of those responsible for his death.

Meanwhile, two people misidentified online as suspects in the fatal shooting of right-wing US activist Charlie Kirk also told AFP Thursday they were terrified by the misinformation targeting them, as the manhunt for the real killer continued.

31-year-old Kirk, a major ally of President Donald Trump and the head of the largest conservative youth movement in the United States, was shot dead while attending an event at Utah Valley University.

Watch the video below:

https://x.com/MobilePunch/status/1966444113794109657?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1966444113794109657%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fd-186661262228333818.ampproject.net%2F2508281901000%2Fframe.html

Headline

Russia Threatens Poland Over Belarus Border Closure

Published

23 hours ago

September 12, 2025

Editor

Russia, on Thursday, urged Poland to reopen its border with Belarus, Moscow’s close ally, calling the closure “destructive” and warning of consequences.

Polish Prime Minister Donald Tusk announced Tuesday the closure of the border with Belarus from 0000 on September 12 (2200 GMT on September 11), in response to the upcoming joint Russian-Belarusian war games.

“We urge Warsaw to consider the consequences of such destructive steps and to review its decision as soon as possible,” foreign ministry spokeswoman Maria Zakharova said in a statement.

The border closure was to “justify a policy of further escalating tensions in the centre of Europe”, she added.

NATO’s eastern flank members Poland, Lithuania and Latvia are on high alert due to the massive drills, which according to Tusk are designed to simulate occupation of the Suwalki corridor, a strategically important area in Poland.

Usually held every four years, the 2025 iteration of Zapad is the first during the conflict in Ukraine, and is due to run until September 16.

Belarus had said in January that 13,000 troops would be involved in the drills, but in May it said the number was to be reduced by around half.

Zakharova said Warsaw had “demonstratively” ignored the “goodwill” gestures by Moscow and Minsk to move the exercise away from the Polish border and to reduce the number of military personnel participating.