News
Oil depots increase petrol price to N950/litre
The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at the depots increased on Monday.
It was gathered that marketers raised petrol and diesel prices at depots by N43 or 4.74 per cent due to the rising crude oil prices.
Recall that the cost of Brent, the global benchmark for crude, reached $79.76 per barrel on Sunday.
This current situation indicates that filling stations nationwide may adjust their pump prices to reflect the higher costs of refined products.
Data obtained while analysing petrol price movements at loading depots on Monday showed that Swift depot increased its loading price to N950 per litre from N907 last Friday.
Wosbab Depot increased its price to N950 from N909, while Sahara Depot made a similar change to N950 from the N910 it sold a litre of petrol last Friday.
Also, a private depot, Shellplux, increased its loading costs to N960 from N908. Chipet Depot asked retailers to pay N960 per litre to receive products. It sold at N908 per litre last week Friday.
Nipco Depot increased its price by N38 from N912 to N950 while the Matrix Warri Depot increased its cost from N925 per litre to N945.
It was also gathered that marketers who picked products from the Dangote refinery and resell to other retailers increased their costs to N923 per litre despite picking products from the refinery at N899 per litre.
For diesel, some loading depot prices including Stockgap depot increased its price from N1,080 to N1,150. Ibeto Depot approved an increase from N1,050 to N1,150 per litre. Sahara Depot sold its product at N1,150 from N1,045 last week.
Nipco Depot increased its price to N1,150 from N1,120 while Optima Depot approved a N72 increase to N1,120 per litre from N1,048.
The average increase in depot prices for PMS stands at approximately 7-10 per cent while AGO prices have surged by 5-10 per cent, depending on the depot and location.
Reacting in an earlier interview, an oil and gas expert, Olatide Jeremiah, said depots are poised to increase the loading price of refined petroleum products.
Jeremiah, who is the Chief Executive Officer of petroleumprice.ng, said, “It implies that there is a possibility of increased fuel prices, particularly diesel prices.
“As of Friday, when Brent crude neared $80, prices selectively increased in some depots in Lagos, and on Monday, prices might be jacked up by importers because a large chunk of oil marketers import petroleum products and Brent crude is a major determining factor in the refining process.”
Another marketer, Bayo Adelaja said, “Depot rates have escalated sharply, and this is directly affecting pump prices. Consumers should expect further fluctuations in the coming weeks,” he noted.
With depot rates showing no signs of stabilising, the coming weeks may bring further adjustments, emphasising the need for long-term strategies to mitigate the impact on consumers and the economy.
News
Sad! Bandits Invade Katsina Govt Hospital, Shoot Doctor, Abduct Five
Bandits, on Tuesday night attacked a General Hospital in Kankara town, Kankara local government area of Katsina State.
It was reported that the terrorists shot a medical doctor on duty during the attack, Dr. Murtala Sale Dandashire and kidnapped no fewer than five people at the hospital.
This was stated by Bakatsine, while sharing the picture of the attacked doctor on his popular X page.
Bakatsine wrote: “Yesterday night, bandits stormed Kankara General Hospital in Ƙankara LGA of Katsina State, they shot Dr. Murtala Sale Dandashire and abducted five people in the hospital.
“There is a need to improve security in the hospitals across Katsina State. Within the past three months, bandits have reportedly entered three hospitals: Kurfi General Hospital, Mai Tsani Hospital in Dutsin-ma LGA and Kankara General Hospital.
“Dr. Murtala Saleh Dandashire, an indigene Kankara LGA, is the best graduating Medical student of the year 2019, from the Medical School of the prestigious ABU Zaria,” he added.
The media has not independently verified whether Dr. Murtala Saleh Dandashire survived the terrorists attack in which he was shot.
The State Police Command Spokesman, Abubakar Sadiq Aliyu could not be reached for comments.
He did not pick up repeated calls made to him by the media on Wednesday morning.
News
Wike plans to set up special task force to dislodge criminals, vandals
By Francesca Hangeior
The Federal Capital Territory Minister, Nyesom Wike, has directed the establishment of a Special Task Force to dislodge criminal elements hiding in uncompleted structures, abandoned plots of land, and buildings across the territory.
The Director of the Department of Security Services, FCT Administration, Mr. Adamu Gwary, who disclosed this in Abuja explained that this measure is aimed at curbing the menace of miscreants vandalising government assets and infrastructure.
He said that the FCT Security Committee had identified uncompleted structures, abandoned plots of land, and buildings as some of the hideouts for miscreants.
“The Commissioner of Police in the FCT has been mandated to work with his colleagues to form a task team to address this issue,” he said.
“They made a submission to the Minister on Tuesday regarding the financing of the exercise, which will cover not only Pantaker markets but also locations where scavengers are hiding. These include uncompleted and abandoned structures and any other location that intelligence has identified as a hideout for miscreants.”
The director said that in the next two to three weeks, there would be strategic efforts to clear all criminal hideouts in the FCT and other locations used by criminals to carry out their activities.
According to him, all uncompleted buildings, abandoned plots of land, and structures would be identified and cleared.
“This measure will ensure that criminal elements do not have a hiding place where they can organise to attack or vandalise our infrastructure or rob residents,” he said.
Regarding undeveloped lands, Gwary said that the FCTA Land Department is currently conducting a census of all undeveloped plots in the FCT, as directed by the Minister.
He recalled that Wike had directed owners of undeveloped plots to either develop their land or face revocation of their allocations.
He explained that if implemented, this measure would significantly address security concerns related to undeveloped plots, growing bushes, and their use as hideouts for criminals.
“The Land and other related departments are working diligently on addressing the security problems caused by undeveloped plots of land,” he said.
The director also revealed that the FCT Minister had directed the acting Executive Secretary of the Federal Capital Development Authority to take control of all under-bridges in the FCT.
“The Minister has directed the acting FCDA boss to make a submission on what it will take to secure all under-bridges in the territory.
“The idea is to deny miscreants access to such locations, which they use as hideouts,” he said.
Meanwhile, the Police Command in the FCT has commenced daily raids on identified criminal hotspots in Abuja.
The Command’s Public Relations Officer, SP Josephine Adeh, said in a statement that the effort was aimed at combating criminal activities and protecting public and private infrastructure in the territory.
News
South Africa to close border with Botswana over heavy rainfall, flood
By Francesca Hangeior
The South African Border Management Authority has temporarily closed a key border crossing with Botswana due to heavy rainfall and flooding.
The Grobler’s Bridge crossing in northern South Africa is used for trade, especially by miners in the Copperbelt region straddling Zambia and the Democratic Republic of Congo moving cargo to the port of Durban.
The authority said in a statement that “following consultations with our Botswana counterparts and thorough deliberation by the Port Management Committee, it has been decided that the temporary suspension of operations is necessary to prioritise safety.’’
The agency urged travelers and truck operators to use alternative routes.
The crossing links Botswana with SA northern Limpopo province, which witnessed heavy rainfall last weekend.
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