News
Why We Are Not Yet Buying From Dangote Refinery — IPMAN
Published
9 months agoon
By
Editor
At the backdrop of a fresh controversy over lifting of petrol from Dangote Refinery, the Independent Petroleum Marketers Association of Nigeria, IPMAN, has said it is still negotiating with the refinery on terms for the lifting.
President of the Refibery, Alhaji Aliko Dangote, has alleged that the Nigerian National Petroleum Company Limited, NNPCL, along with other petroleum marketers have been importing petrol from other refineries outside the country while refusing to come to his facility to lift products.
Dangote added that his refinery has 500 million litres of petrol in storage, sufficient for domestic needs.
But the Public Relations Officer of IPMAN, Chief Chinedu Ukadike, told Vanguard that the independent marketers have not yet begun direct sourcing from the Dangote Refinery, adding that talks with the refinery are ongoing.
READ ALSO: Flood Submerges Houses In Anambra Communities
He stated: “We haven’t received products from Dangote Refinery yet, but the processes are underway, and I’ll update you once they’re finalized.”
He added, “The product isn’t available to independent marketers yet. I think he (Dangote) is adopting a systematic marketing approach, but our discussions are progressing.”
In a related development, he noted that the hike in pump price of petrol by NNPCL two days ago should not be a surprise to the people because of market forces.
He stated: “People shouldn’t be surprised. Deregulation is driven by demand and supply factors, and your supply source will dictate the selling price.”
READ ALSO: UK Navy Ship Docks In Lagos For Joint Military Exercise
Meanwhile, despite the N30 per litre pump price mark up (a 3% hike) to N1, 060 per litre in Abuja, marketers have largely maintained their October, 2024 prices.
Checks by Vanguard in the nation’s capital showed that major marketers, such as Conoil and TotalEnergies, continued to sell at N1,109, while others like NIPCO (N1,115), Adova Plc (N1,125), and most independent marketers (N1,150-N1,230) have kept the prices set at the beginning of October.
NNPC had previously raised petrol prices by 14.8% on October 9, 2024, increasing the rate from N897 to N1, 030 per litre following the Federal Government’s decision to end the petrol subsidy. This increase contradicted expectations that the “crude-for-Naira” deal between the Federal Government and Dangote Refinery would reduce pump prices starting October 1, 2024.
The latest hike came on the heels of a previous price jump on September 3, 2024, when NNPC raised the petrol price by 45% from N617 to N897 per litre.
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News
Group Protests Alleged Sale Of Workers’ Housing Estate To NAF
Published
6 hours agoon
August 2, 2025By
Editor
Bauchi State Concerned Citizens group has raised alarm over the alleged sale of 270 newly built housing units along Ningi-Kano Road, Bauchi, to the Nigerian Air Force.
Addressing the press, the group’s chairman, Comrade Aliyu Ladan, on Friday described the development as “an unfortunate and illegitimate move” that threatens the rights and welfare of Bauchi residents.
“The houses were part of a 1,000-unit project initiated under former President Muhammadu Buhari’s administration to alleviate accommodation problems for workers.”
READ ALSO: NAF Debunks Fake Recruitment Advert, Warns Nigerians Against Fraudsters
He said the units had already been allocated to residents through a due process managed by the facility manager.
Ladan accused the Federal Ministry of Housing of negotiating with the Air Force to take over the estate, a move he described as “a complete violation of residents’ fundamental rights.”
The group called on President Bola Tinubu to intervene, warning that the decision could lead to unrest.
READ ALSO: NAF Airstrikes Kill Terrorists, Destroy Hideouts In Borno
The group demanded the cancellation of the alleged sale and urged the government to protect residents’ rights.
Responding, State Controller of the Federal Ministry of Housing, Architect Nwamadu Herbert, stated that although negotiations are ongoing, no transfer has been made as directives are awaited from the Ministry’s headquarters.
He dismissed the protesters as “illegal occupants,” clarifying that the houses remain under the ministry’s custody pending directives from headquarters.
News
Bauchi Gov To Corps Members: Advocate For National Development, Transformation
Published
6 hours agoon
August 2, 2025By
Editor
Gov. Bala Mohammed of Bauchi state has called on all the Narional Youth Service Corps (NYSC) members to always advocate for national development and transformation in the country.
Mohammed, who made the call during the swearing in ceremony of the 2025 Batch ‘B’ stream 1 corps members on Friday, also urged them to take the noble call with utmost seriousness and commit themselves to achieve the scheme’s objective of national unity and development.
Represented by Mr Mohammed Umar, Head of Civil Service in the state, the governor assured the corps members that the people of the state appreciated and supported the goals and objectives of the NYSC scheme.
“Therefore, we have decided to collaborate with you in every possible way to ensure the success of the Scheme in the State.
READ ALSO: NYSC Deploys 1,700 Corps Members To Bauchi State
“To this end, we have completed the renovation of corps members’ hostels and built a brand new Multipurpose Hall in the camp.
“This is the first phase of the project and the second phase, which I assure would start very soon shall include, construction of staff accommodation, a clinic and other necessary facilities.
“I can assure you that my government would continue to do anything within the limit of our resources to make the corps members and staff comfortable during orientation exercises in the camp,” he said.
Earlier, Mr Umoren Kufre, the state Coordinator of NYSC reminded the corps members that life in camp is highly regimented, adding that participants were expected to adhere to the orientation course timetable, NYSC Bye-laws, extant rules and other relevant policies.
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According to him, 1,107 corps members comprising 608 males and 499 females had been successfully registered before the commencement of the swearing in ceremony out of the 1,700 corps members posted to the state.
He commended the state governor for his unwavering commitment to the realisation of the NYSC objectives in the state.
“I am indeed happy for the complete renovation of corps members’ hostels at the NYSC permanent orientation camp and the construction of a brand new Multi-purpose Hall.
“There can be no better demonstration of commitment, love and fatherly care than what we are seeing in the camp now.
“It is now clear for all to see that His Excellency is a great lover of the youths and particularly the corps members,” he said.
News
JUST IN: NNPCL Boss, Ojulari Allegedly Forced To Resign
Published
7 hours agoon
August 2, 2025By
Editor
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, has allegedly been forced to sign a resignation letter.
This is according to a Peoples Gazette report on Saturday.
According to the report, Ojulari was hijacked on Friday and pressured to sign a resignation letter by Ola Olukoyede, chairman of anti-graft EFCC, and Adeola Ajayi, director-general of the State Security Service.
It was reported that the alleged incident occurred on Friday, according to sources who spoke with the news platform.
Sources said Mr Ojulari was repeatedly questioned about what he might know of Olatimbo Ayinde, a British-Nigerian oil businesswoman who has recently emerged as one of the most powerful forces steering the Tinubu administration.
READ ALSO:JUST IN: Tinubu Sacks NNPCL CEO, Mele Kyari, Names Replacement
“Mr Ojulari told us he didn’t know Olatimbo Ayinde,” the source, who preferred anonymity, told Peoples Gazette.
However, the spokesman of EFCC, Dele Oyewale, has not officially responded to the enquiry on the matter.
Also, Mr Ojulari did not immediately return multiple requests seeking comments about the development on Saturday afternoon.
Recall that NNPCL had recently raised alarm over sabotage of the state-owned oil firm’s leadership.
Ojulari was appointed in April 2025 by President Bola Ahmed Tinubu.
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