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Marketers Pay Us N766/Litre To Lift Dangote Petrol Because It’s Subsidised –NNPC
11plc, Total Energies, AA Rano, and other marketers have commenced purchasing Dangote Petrol from the Nigerian National Company (NNPC) Trading Limited at N765.99 per litre.
According to BusinessDay, some petroleum marketers who were able to complete their payment processes on the NNPC trading payment portal commenced the lifting of petrol earlier this week under the existing agreement between marketers and the refinery.
Tunji Oyebanji, managing director, 11Plc, confirmed to BusinessDay on Thursday evening that some marketers have started lifting the products at N765.99 from Dangote Refinery through NNPC.
“We were among the first marketers to complete the payment on the NNPC portal. We have no direct arrangement with the refinery,” Oyebanji said.
It was learnt that NNPC Retail, 11plc, Total Energies, A.A Rano are among the marketers that have picked up products from the refinery.
He added, “We don’t know the contractual financial arrangement between NNPC and the refinery but what I can confirm is we are buying at N765.99 from NNPC to lift Dangote petrol.”
Efforts to get the Independent Petroleum Marketers Association of Nigeria (IPMAN) to confirm if its members have picked up products at the Dangote Refinery proved abortive at the time of writing this report.
Adedapo Segun, executive vice-president, downstream at NNPC, said marketers cannot purchase petrol directly from the refinery because the product is still sold at a subsidised rate.
“That is the same thing happening with Dangote. I said earlier that Dangote is a company and it is going to sell at market price,” he told Journalists.
“The market value of PMS is still higher than what N766 or N765 or N799 that NNPC is selling.
“The situation has not changed there. So, NNPC’s off-taking is only because the others would not buy at the price Dangote will be willing to sell, which is reasonable.
“As soon as the price allows for it, you will see the marketers go to Dangote and buy.
“So, instead of saying NNPC is the only off-taker, let’s put it this way: NNPC is the only entity that is willing to offtake because NNPC has a role under the law to be the energy provider of the resort,” Segun added.
On Sunday Evening, Femi Soneye, spokesperson of NNPC, had said that the refinery bought petrol from Dangote refinery at N898 per litre. He said market forces now determine domestic pump prices.
“For instance, now Brent is $70. Let’s say tomorrow, Brent goes to $80. You should note that the price will also rise because those are the market forces. But today, for this initial 16.8 million litre that was given to us, it was at the rate of N898,” Soneye said.
In its reaction, Anthony Chiejina, spokesperson of Dangote Refinery, had described the claim as “misleading and mischievous, aimed at undermining the refinery’s achievement in addressing Nigeria’s energy insufficiency.”
However, the refinery failed to disclose the price it sold the product to NNPC Ltd.
In a counter-statement, the NNPC insisted it bought the product for N898 per litre and would be grateful for any discount from the Dangote refinery that could be passed 100 per cent to the general public.
NNPC Ltd said apart from landing costs from refineries, suppliers must pay statutory and regulatory charges for each litre of petrol.
Those charges include the Nigerian Midstream and Downstream Petroleum Regulatory Authority fee, N8.99; inspection fee, N0.97; distribution cost (Lagos), N15.00; and profit margin, N26.48.
The state oil company said once freight and other statutory costs are added, the product would cost more at the pump—N950.22 per litre in Lagos, N980.22 in Rivers, and N992.22 in Abuja. The selling price in Maiduguri is N1,019.
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Nigerian Varsity LAUTECH Hikes Tuition Fees, Fresh Students To Pay About N400k Per Session
By Kayode Sanni-Arewa
The management of the Ladoke Akintola University of Technology (LAUTECH) Ogbomoso, Oyo State, has reportedly increased fees for undergraduate students in the institution.
This was contained in a document posted ny the school authorities on Saturday, noting that LAUTECH had increased tuition fees for 2024/2025 fresh students.
The management of the Ladoke Akintola University of Technology (LAUTECH) Ogbomoso, Oyo State, has reportedly increased fees for undergraduate students in the institution.
This was contained in a document posted ny the school authorities on Saturday, noting that LAUTECH had increased tuition fees for 2024/2025 fresh students.
It added that it ranged from N372,000 to N782,000, depending on faculties and state of origin.
“LAUTECH increases tuition fees for 2024/2025 fresh students, ranges from 372k to 782k, depending on faculties and state of origin,” a Facebook user, who shared the document, wrote.
A student of the University who confirmed the development to SaharaReporters recalled that the students of the institution previously paid fees which ranged from N261,000 to N283, 000.
The student explained that the management has now fixed new fees at N372, 000 to N782,000, stating that students studying medicine are now paying N782,000.
“Our fees in 2023/2024 session ranged from N261,000 to N283, 000, but the management has now fixed new fees at N372, 000 to N782, 000 for 2024/25 session.
“The students studying medicine are now to pay N782, 000,” the student added.
Before the recent alarming increment, the Oyo State government had announced 25 per cent reduction in the tuition of students of LAUTECH.
Governor Seyi Makinde made this known in 2021 while paying a visit to the students of the institution.
Makinde had said the reduction was done despite the fact that the LAUTECH tuition was the lowest in the entire South-West.
He added that the reduction would cut across the board.
He said he had fulfilled the promises he had made to the students during electioneering having fixed the Under G Road and actualised the sole ownership of LAUTECH for Oyo state.
“Let me tell you, the LAUTECH fee is still the lowest in the entire South-West. Having said that, I will reduce your fee across the board; whether indigenes or non-indigenes, even new students. There will be a reduction of 25 per cent across board,” the governor had said.
News
Kano Police arrest 82 persons for alleged kidnapping, theft and assault
By Kayode Sanni-Arewa
The Kano State Command of the Nigeria Police Force has arrested a total of 82 suspects on suspicion of various crimes committed in the state between November 1 and 14 this year.
Crimes allegedly committed by the suspects include kidnappingarmed robberies, violence, telephone theft and drug trafficking.
Revealing details of the arrest during a press conference at the command headquarters, Bompai, Kano, the Police Public Relations Officer, Abdullahi Kiyawa, said the arrests were the result of a crime-fighting strategy adopted by the command.
“The implementation of these strategies has yielded positive results as they have led to the crackdown on criminal networks such as curtailing Remnants of Violent Activities (Daba) within Kano Metropolis.
Others include dismantling armed robbery syndicates along Jigawa-Kano and Bauchi-Kano borders and foiling kidnapping incidents along Kaduna-Kano and Katsina-Kano borders.
“These operations conducted resulted in the arrest of a total of 82 suspects and the recovery of firearms, dangerous weapons, illegal drugs and stolen property.
“Items recovered from the criminals included an AK-47 rifle and three locally made weapons, 13 machetes and 16 knives.
“Others include: three motorcycles, a tricycle, 50 bags of diazepam tablets, 42 bags of tramadol tablets, 24 packets, 175 wrappers of dried leaves suspected to be hemp and 10 mobile phones,” he said.
Kiyawa, representing the state Commissioner of Police, Salman Dogo, expressed that the achievements are a reflection of the command’s commitment to maintaining law and order.
He emphasized that the command would persevere in strengthening its various strategies, including community policing and strategic communications aimed at raising public awareness on security issues.
In addition, he emphasized the importance of intelligence-led policing and targeted clearance operations that have successfully disrupted criminal networks, especially in local government border areas.
He expressed gratitude to Governor Abba Yusuf for donating 78 patrol vehicles to the command, which will significantly strengthen its operational capabilities and response times, thereby improving service delivery to the citizens of the state.
News
Ribadu hands over 58 abductees including children to Kaduna govt
By Kayode Sanni-Arewa
No fewer than 58 people rescued by the Nigerian security agencies in joint operations have been handed over to the Kaduna State government.
It was gathered that the victims comprised 35 males, 23 females, children and toodlers were kidnapped by suspected armed bandits under the command of a notorious bandit called Janbros.
The victims were said to have made to trek for hundreds of Kilometers through the thick forest of Birnin Gwari during the kidnap.
The National Security Adviser (NSA), Mallam Nuhu Ribadu, on Saturday, handed over the victims to the Chief of Defence Staff (CDS), Gen. Christopher Musa, who would hand them over to the government.
Musa who affirmed that no money was paid for their rescue, presented the victims to the representative of the state government and Chief of Staff to the Governor, Sani Kila.
He stated that all Nigerians must take ownership of the operation for the security agencies to succeed.
”The rescue is as a result of combined efforts of the military and other security services. The operation was both kinetic and non-kinetic which requires efforts by all and not just the military kinetic efforts.
“What we are seeing out of this, is the success of the collaboration right from the top. From the presidency, to the Office of the National Security Adviser, Ministry of Defence to all agencies working together, including the Kaduna State government.
“The governor has been very supportive and very helpful and it is this collaborative effort that has made it possible for us to be able to rescue these individuals.
“It is a joint effort and we were able to do that through non-kinetic means of getting across. No penny was paid for these individuals.”
“Now, I want Nigerians to understand that if we do not work together, it will be extremely difficult for us to succeed.
“The success depends on all of us working together because it is a whole-of-society approach,” he said.
Musa said that certain individuals had been trying to make it impossible for the government to succeed by sabotaging the efforts of the government.
He added that the security agencies were working round the lock tirelessly to make sure Nigerians feel safe and protected.
“Today is Saturday, many people would have wanted to be home, relaxing, but we are working. Saturday, Sunday, day and night and all Nigerians have keyed up, and everybody is contributing to the success we are seeing.
“I want to also inform Nigerians that we will continue to work hard together and will not leave any stone unturned until every Nigerian that is in captivity is freed and Nigerians are free to move about within the country, both day and night, as it used to be before.
“We assure Nigerians that we are getting all the support to ensure that we work, and we assure Mr. President that we will do everything possible, and including Nigerians, until we succeed, we’ll continue to push,” he added.
The defence chief clarified that contrary to the believes of many, not all persons involved in banditry were willing tools, adding that some were conscripted.
He said the military would continue to go after the perpetrators, adding that “they will not be let free for the innocent blood they have shed.”
Meanwhile, the National Coordinator National Counter Terrorism Centre (NCTC), Maj Gen Adamu Laka, said the victims were kidnapped from their homes and farmlands in Gayam, Sabon layi and Kwaga villages of Dan Musa Local Government Area of Katsina State.
Laka said that troops of 1 Division, on November 14, at about 1500hrs successfully led a joint operations leading to their rescue.
He noted that the victims comprised 35 males and 23 females.
According to the him, preliminary investigation revealed that the victims were kidnapped by suspected armed bandits under the command of a notorious bandit called Janbros.
“During the kidnap, the victims were made to trek for hundreds of Kilometers through the thick forest of Birnin Gwari.
“Upon their rescue, the government provided them with all the necessary assistance required to stabilise them for subsequent handing over to ONSA for rehabilitation and immediate medical checkups, where they have been examined and six were admitted.
“The six admitted victims have recovered and joined us for subsequent handing over to their respective families,” he said.
The Chief of Staff to Kaduna Governor, Sani Limankila thanked the security agencies and called on all Nigerians to team up with security agencies to end kidnapping.
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