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NNPC releases new estimated petrol price breakdown

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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.

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“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.

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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.

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Nigerian varsities working in shadows of death – Omole

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The Pro-chancellor and Chairman of the Governing Council, Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, Professor Ayodeji Omole on Thursday said that the Nigerian University is under siege and currently “working in the shadows of death”.

He maintained that the university system has been captured and held hostage by many government policies especially since the advent of the so called ‘civil rule’.

Professor Omole made these assertions while delivering the 561 inaugural lecture of the university of Ibadan, entitled “working in the shadows of death”.

A former ASUU chairman, Professor Omole stated unless something urgent is done to stop government attacks on the Nigeria’s educational system, the system will die faster than anticipated

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“More than ever before, the Nigeria University system is under siege and therefore ‘Working in the shadows of death. If nothing drastic is done to stop the various attacks from government and its agencies, the system will die faster than anticipated. The University system is captured and has been held hostage by many government policies, especially since the advent of the so called ‘civil rule’”.

He took a swipe at various civilian administrations who he said foisted anti-intellectual policies on the education system in the country.

According to the Professor of Forest Engineering, “Treasury Single Account (TSA) and Integrated Personnel and Payroll Information System (IPPIS). IPPIS is a mismatch with university work structure. It is incompatible with the academic calendar, and a clear violation of the University Act.

Therefore, it is illegal. Only in Nigeria is the data-base of scholars surrendered to foreign agencies in the name of cutting cost. The effects of which are threatening the very existence of the University system in Nigeria today, because it is now impossible for Universities to recruit even cleaners.”

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According to the University don, “the proposed imposition of Core Curriculum Minimum Academic Standard (CCMAS) by the National Universities Commission (NUC) is another policy that will kill Nigerian Universities, faster than expected”.

While expressing sadness that the university of ibadan senate also caved in from its stance on the CCMAS introduction, Professor Omole lamented that the rigid standardization will definitely limit universities’ ability to innovate and design programmes to meet societal needs; because local content and flavour are ignored.

As a former ASUU Chairman at the University of Ibadan, Omole who appreciated the efforts of the Academic Staff Union of Universities (ASUU) and its quest for enhancing qualitative public education for children of the masses in Nigeria noted that “every financial gain the university system has been able to make is as a result of the struggles of ASUU”

He challenged Nigerian academic to “criticize policies that are inimical to national development” saying that “scholars worthy of the description should be vocal in their resistance to foreign exploitation, through the imposition of neo-liberal policies”.

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To ensure sustainable development, Professor Omole harped on the need “for government and other stakeholders to ensure fair and adequate compensation for all workers, fostering a motivated workforce that is fully engaged in the pursuit of national progress”.

“Slave wages severely undermine the commitment of workers to national development and have broad, damaging effects on a country’s economic, social, and political fabric. Under-funding in Nigerian universities has led to a range of problems that affect the quality of education, research, and overall institutional performance.

This has manifested in the form of deterioration of infrastructure, poor facilities, brain drain/loss of talent, labour/student unrest, erosion of university autonomy, low morale among staff, decline in global ranking and reputation. These affect productivity, commitment, and willingness to engage in advanced research or innovative teaching methods.

In summary, the under-funding of Nigerian universities is a significant barrier to the advancement of education, research, and national development. Addressing these issues requires increased investment in higher education, better financial management, and strategic policies that prioritize the long-term sustainability and improvement of the university system.

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Poor remuneration in Nigerian universities has far-reaching consequences for the future of the university system, affecting its ability to deliver quality education, retain talent, and contribute to national development.”

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I Can’t Feed My Family Again; I Make N20,000 Daily But Spend N17,000 On Fuel — Taxi Driver Laments

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Despite earning N20,000 daily, Ajibaye says he takes home only N3,000 after fuel expenses, leaving him unable to cater to his children and wife.

A commercial driver identified as Wahab Ajibaye based in Ilorin, Kwara State has expressed frustration over the rising fuel prices, saying it has left him struggling to provide for his family.

Despite earning N20,000 daily, Ajibaye says he takes home only N3,000 after fuel expenses, leaving him unable to cater to his children and wife.

He said: “I am buying fuel for N1100 and I make N20,000 (daily) but I take only N3,000 with me to my house (after work). I am the owner of my car but I am no longer making enough to cater to my children and my wife. The All Progressives Congress (APC) government will not end well. Nigeria is becoming worse and we pray God takes away this set of current leaders.”

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Ajibaye blamed the ruling APC government for the hardship faced by Nigerians, saying, “Their government is bringing more suffering. They’re not ashamed, despite many Nigerians cursing them. They should rethink.”

The ruling All Progressives Congress (APC) had recently agreed that the policies initiated by President Bola Tinubu resulted in growing economic hardships in Nigeria.

The party in a statement issued by the party’s National Publicity Secretary, Barrister Felix Morka had said this, while responding to a former national vice chairman (North West) of the party, Salihu Mohammed Lukman.

Recall that Lukman had berated the party for bad governance, adding that former President Muhammadu Buhari and incumbent President Bola Ahmed Tinubu have failed to deliver on their campaign promises.

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Lukman, therefore, urged opposition leaders to unite and work hard to defeat the APC-led government in 2027.

But reacting, Morka in a statement on Tuesday argued that President Tinubu was taking bold measures to reset the country’s “long broken economy”, explaining that his reforms had increased economic hardship in the country.

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LASG shuts down Idera market over ‘environmental pollution

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By Kayode Sanni-Arewa

The Lagos State Environmental Sanitation Corps (LAGESC) says it has sealed off the Idera market in the Oshodi metropolis.

In a statement on Thursday, Ajayi Lukman, LAGESC spokesperson, said the agency sealed the market due to unhygienic practices and indiscriminate dumping of refuse, which contravened the environmental law of the state.

He said the measure was taken to enforce adherence to environmental cleanliness across registered markets in the state.

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‘‘Our operatives stationed across the Oshodi division during routine market monitoring identified the filth, unhygienic practices, and indiscriminate dumping of refuse around the Idera Market area, which prompted us to seal off the market until further notice,” the statement reads.

Lukman quoted Olaniyi Cole, the corps marshal of the agency, as decrying the level of hygiene at the market, which could lead to an outbreak of diseases.

He said Cole frowned at the inability of the market leadership to provide a valid waste collection contract, which resulted in the heaps of refuse in the facility.

He added that the display of wares for sale on road setbacks, lay-bys, medians, verges, kerbs, street trading, and hawking remained banned in the metropolis.

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The LAGESC corps marshal reiterated the ban on the sales, distribution, and usage of styrofoam in the state, noting that anyone found culpable would be punished decisively.

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