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Fuel Price, Profit Will Determine If We’ll Patronise NNPC Or Dangote Refinery – IPMAN
By Kayode Sanni-Arewa
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the price of petrol will determine if it will buy from the Nigerian National Petroleum Company (NNPC) Limited or Dangote Petroleum Refinery.
According to Ukadike Chinedu, IPMAN’s National Publicity Secretary, the association is prepared to buy from either Dangote or NNPC depending on the prices they offer.
Chinedu said the NNPC’s recent clarification that it is not the sole off-taker of Dangote products gives dealers the freedom to get their products from any cheaper source.
“Now that NNPC has said they are not the sole off-taker of Dangote petrol, it then means that the price of the product would determine where we are going to buy it. If NNPC imports the product and its price is cheaper than that of Dangote, we will buy from NNPC,” Chinedu said to Punch on Monday.
He said the situation reflects the implementation of the Petroleum Industry Act (PIA) and the government’s removal of petrol subsidy, with the pricing of petrol now determined by the principles of demand and supply.
The competition, he noted, will eventually drive down prices.
On whether marketers had started making plans to import if the imported product is more affordable, he said Abubakar Maigandi, IPMAN’s National President, has initiated discussions with investors, with plans underway to secure funding based on the current market trends.
So, we are talking with some foreign partners because you need to understand that independent marketers are the highest buyers of diesel from Dangote refinery because we control about 80 percent of the filling stations nationwide,” he added.
“So, if Dangote PMS is cheaper we will buy it, but if importation is cheaper, we will go for it.”
Also, Mustapha Zarma, IPMAN’s National Operations Controller, said decision to buy from Dangote or NNPC would be based on which supplier offers a better Return On Investment (ROI) and required margins.
Zarma said: “We may contact the refinery’s sales department this week to find out the price.
News
Insecurity! Police Order Adults Aged 18 And Above To Vacate Dei-Dei Barracks
The Commissioner of Police Force Provost Marshal, Force Headquarters, CP. Olusegun Eyitayo Omosanyin, has ordered the eviction of adults from the Dei Dei Police Barracks in Abuja.
This directive was issued amid concerns about brigandage in the barracks.
A statement signed by Omosanyin described the criminal activities occurring in the barracks as alarming.
He, therefore, directed that all adults that are 18 years and above excluding serving policemen and their spouses should vacate the barracks immediately.
The police issued a 14-day notice which took effect from Thursday, January 30, 2025.
The statement read, “The Commissioner of Police Force Provost Marshal, Force Headquarters Abuja has directed that incessant cases of criminal activities being recorded within the neighbourhood of the MD Abubakar barrack is alarming.
“Henceforth all adults from eighteen (18) years and above excluding serving policemen and their spouses should vacate the barrack immediately.
“You are issued a fourteen days notice to vacate the quarters. This takes effect from today 30th January, 2025 to February 13th 2025 to vacate the barracks. Those who violate this order will be seriously dealt with.”
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Man Suffers Hypertension As Daughter, Grand-daughter Disappear For 10 Years
A bricklayer, Enoch Ganogbe, has developed hypertension after his daughter, Abigail Ganogbe, and granddaughter, Yenukunme Ajovi, went missing.
He said Abigail and Ajovi have been missing since January 2015.
It was gathered that it could not be ascertained whether they were abducted or disappeared in the Badagry Local Government Area of Lagos State.
Speaking with The PUNCH, Enoch lamented that their disappearance had taken a toll on him, causing him a lot of stress. He added that the situation made him developed hypertension.
“Sometimes, I worry about how much this is affecting my health. I just pray it doesn’t end up taking my life,” he said.
The worried father said her daughter supported him and had always been there for him.
“She was helping out in so many ways. She’s a really good person and does a lot for me. I haven’t felt any joy or peace since she went missing. I’ve searched everywhere and asked everyone I could, but nothing has led me to her. At this point, I can only leave it in God’s hands, hoping that someday, I’ll find her,” he lamented.
Enoch stressed that before their disappearance, his daughter had a disagreement with her husband, “but we were able to help resolve that”.
READ ALSO: Police Arrest 28-year-old Man For Impersonation, Theft In Ogun
He said, “My daughter’s husband reported her disappearance to the police, but there has been no progress. Since then, my life hasn’t been the same.”
Abigail’s husband, Noah Ajovi, described his wife and daughter’s disappearance as a big loss and disaster.
He stated that he had been with the victim since 2007 before they got married in 2011.
“I spent 10 years of my life with her, and she disappeared with the only daughter she has with me. I did a registry with her. I didn’t just meet her on the street and impregnate her. All I want now is my daughter. If I see my daughter, I’ll be happy that what I spent 10 years of my life on still exists,” Ajovi explained.
The husband further explained that, “She left home in January 2015, and I was travelling at that time. Whenever we have issues, she always leaves the house.
“We haven’t seen her since she left the last time. I reported the issue at the police station. We’re not sure if they were kidnapped.”
Meanwhile, efforts to reach the Lagos State Police Public Relations Officer, Benjamin Hundeyin, proved abortive.
(PUNCH)
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Just in: Again ,Trump Calls For Canada To Become US 51st State
President Donald Trump on Sunday called again for Canada to become a US state, heightening tensions further with one of his country’s closest allies after hitting it with heavy tariffs.
While claiming the United States pays “hundreds of billions of dollars to SUBSIDIZE Canada,” apparently referring to the US trade deficit with its neighbor, Trump said “without this massive subsidy, Canada ceases to exist as a viable Country.”
“Therefore, Canada should become our Cherished 51st State,” he wrote on his Truth social media platform, claiming the move would bring “much lower taxes, and far better military protection for the people of Canada – AND NO TARIFFS!”
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