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IPMAN cautions members against purchasing large quantities of petrol

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Independent Petroleum Marketers Association of Nigeria (IPMAN) has cautioned its members to be wary of buying high volume of petroleum products.

The warning, according to IPMAN’s spokesman Chinedu Ukadike, became necessary because of the instability of the petrol market.

With the precaution, he said, the marketers could avoid huge losses from the very frequent price adjustments.

According to him, the Dangote Refinery is loading products from the vessels and any moment soon, it would commence lifting from its gantry.

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He noted that loading the product from the gantry would crash the price, claimed that tank farm owners were taking advantage of loading from the vessels to inflate the prices.

Udadike said: “Dangote has not started selling from his gantry. So, that is what affects the market. This has given rise to tank farm members who have products to inflate the prices to be able to meet with the demand of the market. And they are also using this opportunity for profiteering.

“We the independent marketers we are very wary of buying high volume of petroleum products so that the prices will not crash against us.

“Once Dangote starts lifting from its gantry, prices will crash and independent petroleum marketers who bought product high during this period of time will lose a whole chunk of money.

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“So, we are advising our members not to buy chunk of products but just get some products that they can use in maintaining their filling stations.”

Dangote Refinery’s  Group Chief Branding and Communication Officer Anthony Chiejina, could not be reached last night, when this reporter sent a WhatsApp message to him to confirm whether the refinery has started selling products in dollars.

Last Thursday, the company  announced its stoppage of sale of products in naira temporarily since the Nigerian National Petroleum Company Limited (NNPCL) has halted sale of crude oil to the plant in Naira.

A technical sub-committee on crude oil sale in Naira last year announced the commencement of the sale of feedstock in the local currency to the refinery.

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The sub- committee is expected to meet with the concerned parties today in Abuja.

Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri said contract of sale of crude oil in Naira between NNPCL and Dangote Refinery was only a six-month pilot scheme.

The refinery said in statement: “We wish to inform you that, Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira.

“This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars.”

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The message also stressed its plan to resume sale in naira as soon as NNPCL recommences sale of feedstock in naira to the refinery.

“As soon as we receive an allocation of Naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in Naira,” Dangote said in a statement.

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Over 76 ISWAP Terrorists Surrender To Military In N/East

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No fewer than 76 ISWAP terrorists have abandoned their enclaves and surrendered to troops within the North-East theatre of operations as part of the Joint Task Force (North East), Operation HADIN KAI (OPHK), and continued operational successes.

The North East geopolitical zone comprises six states: Adamawa, Bauchi, Borno, Gombe, Taraba, and Yobe.

In a statement by the Acting Military Information Officer, Headquarters Joint Task Force North East Operation Hadin Kai, Captain Mohammed Goni, revealed that among those who surrendered were key members of the terrorist network, due to relentless military pressure.

“The development highlights the devastating impact of the sustained offensive by Operation HADIN KAI, which continues to dismantle terrorist strongholds, disrupt command and logistics structures, and deny the insurgents freedom of action across the theatre”.

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“Persistent military operations have continued to degrade the terrorists’ combat capabilities while eroding confidence within their ranks and leadership. Within the last week alone, a total of 76 terrorist foot soldiers with some families surrendered to troops”

“They are currently in a secure location undergoing profiling, debriefing, and other established procedures in accordance with extant operational protocols,” the statement reads in part.

According to Captain Goni, the operational gains demonstrate the effectiveness of the Nigerian military’s comprehensive counter-terrorism and counter-insurgency strategy, combining precision combat operations, intelligence-led engagements, and coordinated joint efforts with partners.
He added that “the Operation HADIN KAI remains resolute in its mission to completely defeat terrorism and restore lasting peace and security across the North-East and the pressure on the remaining terrorist elements will continue unabated until they are completely neutralised or forced to surrender”.

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2027: Atiku raises alarm over fresh plot to exclude ADC from ballot

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Ex-Vice President and Presidential Candidate of the African Democratic Congress (ADC), Atiku Abubakar, has raised concerns over a fresh plot to keep the opposition party, the African Democratic Congress, off the ballot in the 2027 general elections.

In a statement by his spokesperson, Phrank Shaibu, he said elements within President Bola Ahmed Tinubu’s government want to use political and legal machinations to exclude the ADC from the ballot.

Atiku urged its supporters to reject every attempt to cherry-pick which opposition parties are permitted to participate in the coming election.

He noted that the ruling party may conspire against democracy but would not decide.

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“We are fully aware of their plots. While they seek to sow confusion within the opposition, we know their real target is the ADC because it represents the most credible alternative.

“We therefore call on all Nigerians—not just ADC members and supporters— to rise in defence of democracy and reject any attempt by the ruling party to cherry-pick which opposition parties are permitted to participate in the next general election.

“Our message to the APC and the hooded men plotting in dark chambers is simple: you may conspire, but you will not succeed. If the APC is truly confident in its popularity, why is it so terrified of the ADC?” Atiku added.

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SAD: Bandits kill teacher, abduct many NECO candidates while writing exams

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Gunmen suspected to be bandits, on Monday, attacked the Government Day Secondary School in Lassa, Askira/Uba Local Government Area of Borno State, killing a teacher and abducting an unspecified number of students who were writing the National Examinations Council Senior School Certificate Examination.

The assailants reportedly invaded the community while the examination was in progress, opening fire and throwing residents into panic. One teacher was killed during the attack, while another sustained gunshot injuries.

Residents said the gunmen took away several students and some teachers before fleeing the area. The exact number of those abducted had yet to be determined as of the time of filing this report.

A resident, who spoke on condition of anonymity, alleged that military personnel stationed in the community had left for a patrol in nearby Uba, about 16 kilometres away, shortly before the attackers struck.

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“The soldiers were not around when the terrorists invaded. They came in large numbers, shooting indiscriminately and causing panic. They abducted students writing the NECO examination along with some teachers,” the resident said.Death & Tragedy

The attack disrupted the ongoing examination and forced residents to flee for safety as the gunmen operated freely in the community.

The spokesperson for the Borno State Police Command, Nahum Daso, confirmed the incident, saying security agencies had been notified and that several students remained unaccounted for following the raid.

Efforts to rescue the abducted victims were said to be ongoing, while authorities were yet to disclose the exact number of those kidnapped or provide further details on the operation.

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