News
NNPC releases new estimated petrol price breakdown
The Nigerian National Petroleum Company (NNPC) Limited has issued an updated breakdown of the estimated price of petrol purchased from the Dangote Refinery.
Earlier, on Monday morning, the NNPC provided a chart detailing the refined petrol it acquired from the refinery on Sunday, September 15.
According to NNPC, payments for the September 2024 petrol supply are being made to Dangote Refinery in US dollars, with Naira-based transactions scheduled to begin on October 1, 2024.
The statement from NNPC reads: “NNPC Ltd. has released the estimated prices of Premium Motor Spirit (PMS), also known as petrol, sourced from the Dangote Refinery, for distribution at its retail outlets nationwide.
“These prices are based on negotiated terms between NNPC Ltd. and Dangote Refinery, taking into account current international gasoline prices and the prevailing foreign exchange rate, in accordance with the Petroleum Industry Act (PIA) 2021.
“NNPC Ltd. confirms that it is making payments in USD for the September 2024 PMS supply, with Naira payments starting on October 1, 2024.
“We assure Nigerians that any discounts received from Dangote Refinery will be fully passed on to the public.”
Although the estimated pricing details across the country remained unchanged, the NNPC modified some aspects of its transaction analysis with Dangote Refinery.
The initial statement released on Monday listed a Nigerian Midstream and Downstream Petroleum Regulatory Authority fee of N8.99, while the revised version showed a fee of N4.495.
The earlier breakdown included an inspection fee of N0.97, a margin fee of N26.48, and a distribution fee of N15. However, in the second release, the inspection and margin fees were removed, and the distribution fee was adjusted to N42.45.
Additionally, the updated statement introduced a Midstream and Gas Infrastructure Fund fee of N4.495.
Bitcoin reached a record high above $90,000 on Wednesday, as the world’s largest cryptocurrency gained from President-elect Donald Trump’s pledge to ease regulation on digital assets.
Bitcoin surged to a peak of $91,000 before settling at $90,670.
The volatile asset has soared since Trump’s US presidential election victory last week, repeatedly setting new records.
Trump had pledged during his campaign to make the United States the “Bitcoin and cryptocurrency capital of the world.”
His previous term included corporate tax cuts that boosted market liquidity, encouraging cryptocurrency investment.
In September, Trump announced he and his sons, along with entrepreneurs, would launch a digital currency platform called World Liberty Financial. However, its sales launch earlier this month was lacklustre, with only a fraction of tokens sold.
Cryptocurrencies have drawn global attention, marked by extreme volatility and the collapse of major industry players, including the FTX exchange.
In the lead-up to the election, Trump reportedly became the first former president to use Bitcoin in a transaction, buying burgers at a New York restaurant that hailed it as a “historic transaction.”
AFP
The management of the National Youth Service Corps, NYSC, on Wednesday, announced the date for the online registration of prospective 2024 batch C stream I corps members.
The management said the exercise will commence on Thursday, 14 November, 2024.
This was made known in a post on the official X handle of the NYSC on Wednesday.
“Online Registration for 2024 Batch ‘C’ SC Stream I commences 14th November 2024,” the statement read.
The orientation course will commence later on a date to be announced by the NYSC management.
Few months after many Nigerian were deported, the Department for Combating Illegal Migration in Libya has deported seven Nigerians, three Bangladeshis, and three Ghanaians detained at the Qanfoudah Immigration Detention Centre.
The deportees were flown out of Libya via Benina International Airport in Benghazi.
in a statement on their X handle on Tuesday, confirmed that these individuals were deported for violating Libyan law.
The statement read, “DCIM deported 13 migrants (3 Bangladeshis, 3 Ghanaians, and 7 Nigerians) from the Qanfoudah Immigration Detention Centre via Benina International Airport in Benghazi. All individuals, ,,,were deported for violating laws in force in the Libyan state.”
At the time of filing this report, total number of deported Nigerians still sketchy.
Bitcoin hits $90,000 for the first time as Trump backs crypto
NYSC announces date for ‘2024 Batch C’ registration
More Nigerians, Others Deported By Libya Govt
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Smar Omoghene Agbawe
September 17, 2024 at 9:28 am
How much would Nigeria buy a liter of fuel? That is what we want to know and stop beating around the bush