News
DASHED hope as petroleum marketers refutes news of PMS pump price adjustment
By Francesca Hangeior
Petroleum product marketers and other operators in the downstream sector have refuted claims of a downward adjustment in the pump price of petrol at depot facilities.
News broke from some quarters of the media that petroleum outlets are continuing to sell at prevailing market prices, without any noticeable changes.
Investigation also revealed that major depots in Lagos also confirm that prices have remained unchanged.
A source close to depot owners explained that such adjustments are unlikely at the moment due to the fluctuating exchange rate and the ongoing cost of hiring vessels to transport products to depot facilities, which ranges between $70,000 to $80,000 per day.
The source further highlighted that costs such as freight and port charges are still settled in dollars.
Billy Gillis-Harry, the national president of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), stated firmly that no such price adjustment has occurred.
“I have placed orders for products, and there has been no mention of any adjustment. My association continues to purchase at the previous prices,” he affirmed.
Similarly, Elder Chinedu Okoronkwo, the BOT treasurer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), also dismissed the speculations, stating that prices remain unchanged for the time being.
A source within the Major Energy Marketers Association of Nigeria (MEMAN) also denied the rumors, suggesting that any potential changes might be related to arrangements between Independent Marketers and the Nigerian National Petroleum Company Limited (NNPCL), allowing direct sourcing of products.
The source explained that MEMAN’s business model involves owning depots and outlets, ensuring stability in prices from their facilities to dispensing outlets.
In contrast, Independent Marketers purchase from depots and distribute to individual filling stations, which could lead to slightly higher prices.
However, this dynamic might change if they begin sourcing directly from NNPCL.
News
Oyo State Sharia Court Inauguration Suspended
The Supreme Council for Shari’ah in Nigeria (Oyo branch), on Tuesday, announced the indefinite postponement of its plan to inaugurate a Sharia court in Oyo town.
The postponement followed widespread outcry against the planned Sharia Court inauguration earlier scheduled for January 11, 2025.
In a broadcast on Tuesday, Oyo State Governor, Seyi Makinde, acknowledged the planned Sharia court and the attendant controversy.
“About the establishment of Sharia court in Oyo town, people may try, but for us, I swore to uphold our laws and the Constitution of Nigeria.
“If their actions are within the law, fine, if not they should expect that I will insist the law must be followed,” the governor said.
The planned Sharia court inauguration was to take place at the Muslim Community Islamic Centre in Mobolaje Area, Oyo, and was to include prominent figures such as the Basorun of Oyo Land, High Chief Yusuf Akinade Olayinka, and the Aare Musulumi of Oyo Land, Alhaji Chief Tajudeen Abdul-Hammed Kamorise.
However, the announcement sparked intense debates on social media and within the state, with critics arguing that the introduction of a Sharia court could disrupt the state’s religious harmony.
Amid growing tension, the organisers announced the indefinite postponement of the event.
In a statement signed by the Khadimul Muslimeen of Oyo Kingdom, Imam Daud Igi Ogun, the group said, “The inauguration ceremony of the Supreme Council for Shari’ah in Nigeria (Oyo branch) has been suspended until further notice. Islam portrays peace.”
In an interview with The PUNCH, a Senior Advocate of Nigeria from Oyo State, Ahmed Raji, had clarified that the planned structure was not a Sharia court but an arbitration panel for Muslims seeking voluntary dispute resolution.
“The panel is for resolving matters between consenting Muslims and does not have judicial authority or punitive measures. No court can be established without government approval,” Raji explained.
The Oyo State Chairman of the Christian Association of Nigeria, Apostle Joshua Akinyemiju, dismissed the initiative, describing it as unconstitutional and a threat to the state’s secular nature.
“This should not happen in Oyo State, where Christians and Muslims coexist in nearly every family. There’s no law to support this, and the government is not aware. We won’t allow anything that jeopardizes the peaceful coexistence we enjoy,” Akinyemiju stated.
The state government, through the Chief Press Secretary to the Governor, Dr. Sulaimon Olanrewaju, emphasised its commitment to upholding the law.
“Oyo State will not permit anything illegal. The focus isn’t about wanting Sharia or not but ensuring that any structure aligns with the legal system we operate,” Olanrewaju said.
News
Ghanaian president approves visa-free entry for all African nationals
President Nana Addo Dankwa Akufo-Addo has granted approval for visa-free entry to Ghana for all African nationals, fulfilling a key promise made earlier this year.
The policy is expected to take effect before the end of the president’s term on January 6th, 2025.
Citi Newsroom (CNR) reports that this places Ghana among the few African nations offering visa-free access to all African passport holders, joining Rwanda, Seychelles, The Gambia, and Benin.
The move is a step toward improving the movement of people, goods, and services across the continent, and it is expected to foster greater economic integration under the African Continental Free Trade Area (AfCFTA).
According to Citi New Room (CNR), in his keynote speech at the Africa Prosperity Dialogues (APD) 2024, Akufo-Addo stressed the importance of the new policy in promoting economic growth. He emphasized that the visa-free initiative would significantly contribute to the goals of the AfCFTA by ensuring easier movement across African borders.
This policy aims to reduce barriers for African citizens traveling to Ghana and increase opportunities for trade and collaboration within the continent.
While delivering his address under the theme “Developing Prosperity in Africa: Produce, Add Value, and Trade,” Akufo-Addo acknowledged the challenges many African citizens face when traveling within the continent. “Many of you had to acquire a visa to attend this event,” he said, highlighting the barriers that still exist.
He reaffirmed Ghana’s commitment to visa-free travel for all African nationals, noting that steps had already been taken to implement the policy this year.
The introduction of visa-free travel is seen as an important step toward achieving the goals of the African Continental Free Trade Area (AfCFTA), which aims to create a single continental market for goods and services.
By removing visa requirements, Ghana is fostering deeper economic integration and making it easier for people to move freely across the continent. This aligns with the broader objectives of AfCFTA to stimulate intra-African trade and improve economic cooperation among African nations.
The new visa-free entry policy will be in effect before the end of President Akufo-Addo’s term on January 6th, 2025. The president’s approval of the initiative marks the beginning of its implementation, with the Ghanaian government taking the necessary steps to roll out the policy.
The move is expected to enhance Ghana’s role in the region and strengthen its ties with neighboring African countries.
News
Cholera outbreak: Senator Manu wades in provides medical equipment to Gassol PHC to curb spread (Photos)
Senator Manu Haruna has waded in to quickly checkmate the spread of Cholera by immediately providing medical equipment to Gassol Primary Health Centre in Gassol Local Government of Taraba Central.
Senator Manu immediately got the wind of the cholera outbreak which had affected several areas in Gassol Local Government Area, ordered for the medical equipment.
The medical equipment was presented on Thursday in Gassol town through the Chairman of Gassol Local Government Council, Hon. Abubakar Baffa Nanu, alongside Alhaji Raubilu Umar, representing the Senator.
This quick response further demonstrates Senator Manu’s commitment to addressing health challenges in his senatorial district and ensuring that communities have the resources needed to combat public health crises.
See photos below:
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