News
Marketers to Crash Petrol Price through importation
By Kayode Sanni-Arewa
Petroleum marketers in the country say there is no going back in their plan to import fuel from outside the country to crash the price of the product.
The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria last week insisted on fuel importation after accusing the Dangote refinery of selling fuel to Nigerians at an exorbitant price.
The marketers are now awaiting approvals from the Central Bank of Nigeria (CBN) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to facilitate these imports, which they argue would offer relief to consumers facing financial strain following the removal of fuel subsidies.
To proceed with the imports, the marketers have requested access to foreign exchange from the CBN and regulatory permits from NMDPRA to ensure compliance with quality and standards for the fuel they plan to bring into the country.
However, the NMDPRA has denied claims that it has granted IPMAN and PETROAN permission to import petrol as associations. According to an NMDPRA official, who spoke on condition of anonymity, only individual marketers—not associations—can apply for import licenses. The source emphasized that individual applications are mandated by law.
“The truth of the matter is that they can’t apply for petrol import license as a body or association. Individual marketers have to apply by themselves before they can be granted that license. They have to apply by themselves. We are not going to give the permit jointly so they can’t apply as an association,” the source said.
Responding to the development, PETROAN’s National Public Relations Officer, Dr. Joseph Obele, disclosed that the association had applied for an import license about a month ago through its newly established trading wing. He described Dangote as an “aggressive competitor” with intentions to dominate the market.
“You should know that Dangote is just out to close all the doors and windows so that no person enters the market. He is determined to ensure that nobody enters the market as a competitor. We assure Nigerians that as soon as the regulatory agency approves our authority to import, this price of PMS that is causing pain to Nigerians right now will crash to the barest minimum,” Obele stated.
Dr. Obele further argued that the product PETROAN aims to import would be of high quality, potentially surpassing the standards of the Dangote refinery. He urged Nigerians to support efforts to dismantle market monopolies.
“We call on Nigerians to support the call for dismantling monopolies so that we can liberate the market; otherwise, we will remain in the trap we are. We are trapped at the moment; we are trapped with exploitation, and the only way out of the trap is to dismantle every dimension of monopoly and we are calling on Nigerians to support us,” he said.
News
Ecuador Midfielder Dies At 22 After Car Crash
Ecuador international, Marco Angulo has died at the age of 22 a month after being seriously injured in a car crash, his club has announced.
The LDU Quito midfielder had been in hospital since the incident on 7 October in the south of Ecuador’s capital Quito.
Reports in Ecuador, external said he underwent several operations and spent over a week in intensive care, before passing away on Monday night.
“With deep sorrow and sadness, we regret to have to inform you of the death of our dear player Marco Angulo,” LDU Quito, who plays in Ecuador’s top flight, said in a statement on Tuesday morning.
“We convey our condolences to his family and his loved ones.
“His passing is an irreparable loss which will leave an indelible mark in our hearts.”
Angulo’s parent club, Major League Soccer outfit FC Cincinnati, said they were “heartbroken to share” news of his death.
After a single season in the United States, Angulo joined LDU Quito on loan with an option to buy in March 2024.
Angulo made 16 appearances for the club. His last appearance came on 6 October – a day before the car crash.
He made his debut for Ecuador in November 2022, coming on as a substitute in a 0-0 draw against Iraq, and earned three caps for his country.
“The Ecuadorian Football Association expresses its deepest sympathy over the death of Marco Angulo,” a statement from the governing body read.
“Marco was not only an outstanding player but also a great team-mate. He leaves a deep sorrow in our hearts, especially in those of us who went with him on countless trips, and to training camps and matches.
“Rest in peace, Angulito.”
According to Ecuadorian reports, Independiente del Valle footballer Roberto Cabezas and a friend, Victor Carcopa, also died in the accident.
There were two other passengers in the car at the time. Their condition is unknown.
News
Many hospitalised as thugs attack PDP supporters in Ondo
At least six persons were attacked when suspected armed thugs attacked the members of the Peoples Democratic Party (PDP) in Idanre, Idanre Local Government Area of Ondo State.
The violent attack on the opposition party members is coming two days before the weekend governorship election.
A chieftain of the party in the state, Adeyemi Fasoranti, named one of the victims, Olowoniyi Akinleminu, as a popular politician in the town.
Mr Fasoranti said other victims were taken to the intensive care unit of the State Specialist Hospital for medical attention.
Explaining the attack, Mr Olowoniyi said the thugs unleashed terror on the people because of the success of the party’s rally in the local government.
Another PDP chieftain, Bosede Salami, revealed that many of the opposition party members had been threatened by the suspected political thugs and cultists invited by political gladiators.
Confirming the incident, the state commissioner of police, Oladipo Abayomi, has directed the State Criminal Investigations Department (SCID) to launch a full-scale investigation into the incident.
Mr Abayomi, in a statement by the command’s spokesperson, Funmilayo Odunlami-Omisanya, said a peace meeting of the leaders of the major political parties in the town had been convened.
“The case, which has escalated into violence and attempted murder, is currently under investigation to ensure that those responsible are held accountable and that peace is restored in the area, particularly at such a critical juncture in the state’s history.
“The CP has made it clear that the command will exercise zero tolerance towards any individual or group, whether directly or indirectly involved, who engages in or permits actions that could disrupt the peace before, during, or after the election.
“He calls on parents, community leaders, and influential figures to warn their followers, children, and loved ones to avoid any form of disruptive behaviour during this period,” the statement.
News
JUST IN: Govt Declares Friday As Public Holiday
The Ondo State Government has declared Friday as public holiday to enable civil servants and others to travel to their various communities to exercise their civic responsibilities.
This was contained in a statement on Wednesday evening signed by O.F Ayodele, Permanent Secretary, Office of the Head of service.
The statement reads, “The 2024 Governorship Election in Ondo State has been scheduled by the Independent National Electoral Commission (INEC) to hold on Saturday, 16th November, 2024.
“To this end, the Ondo State Government has declared Friday, 15th November, 2024 as Work-Free Day for Public Servants in the State to enable them travel to their various communities to exercise their civic responsibilities.
“All Accounting Officers are to note the content of this Circular and disseminate same to all staff of their respective Ministries, Departments and Agencies.”
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