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At last, Marketers Agree to Crash Petrol Prices as Dangote Sells Fuel at Reduced Cost after Deal

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By Kayode Sanni-Arewa

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said about 30,000 of its members will start lifting petrol from the Dangote Refinery The association’s president, Abubakar Maigandi, said that the refinery agreed to sell the product at N940 and N960, respectively He said the development means that petrol prices will crash at the pumps in the coming weeks following the new deal

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says over 30,000 of its members are ready to buy petrol in bulk from the Dangote Refinery. The association revealed that the petrol price from the mega refinery was about N940 per litre via ships and N990 via trucks.

IPMAN president Abubakar Maigandi disclosed in a television interview on Tuesday, November 12, 2024, that the petrol pump prices at its outlets will drop following the deal with the refinery. The association reached a deal with the $20 billion refinery on Monday, November 11, 2024, to purchase petrol, diesel, and other petroleum products directly. The agreement comes after months of negotiations following the exit of the Nigerian National Petroleum Company Limited (NNPC) as the sole off-taker of the refinery.

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Petrol prices to crash by over N50 Maigandi explained that the Lekki-based facility had been obliged to let marketers buy petrol, diesel, and Kerosene to supply to their depots and retail outlets. The IPMAN boss updated Nigerians on the pricing, saying the refinery gave marketers two rates based on preferences. He said marketers can load at the gantry at N990 per litre or vial vessel transport at N940. Punch reports that the new price is lower than the N960 and N990 per litre on ships and trucks offered by the refinery last week.

The IPMAN helmsman disclosed that the partnership aims to ensure a consistent and affordable supply of petrol and other products nationwide. He stated further that petrol prices may crash by N50 or more, depending on the location.

PETROAN set up a meeting with Dangote Refinery According to Maigandi, the direct purchase of petrol from the refinery will end payments to intermediaries such as the NNPC and depot owners, saying that the cost will reflect on petrol prices in the coming weeks. The IPMAN president said the new arrangement will also end fuel scarcity as products will be available nationwide in all seasons.

Additionally, the management of the Dangote Refinery is set to meet with Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) officials to discuss petrol lifting. The group’s publicity secretary, Joseph Obele, said the refinery, through its president, Billy Harry, mailed seeking a business meeting.

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Obele said Harry has inaugurated a team of seven persons to represent the association at the meeting. NNPC to now sell only Dangote petrol Legit.ng earlier reported that NNPC had announced that it stopped importing refined petroleum products. Mele Kyari, NNPC’s Group Chief Executive Officer, disclosed this while speaking at the Lagos’s Nigerian Association of Petroleum Explorationists’ (NAPE) conference and said that the company now sources its fuel needs from the Dangote Petroleum Refinery.

Kyari confirmed that NNPC has shifted away from importation and will source from local refiners, especially Dangote, according to BusinessDay reports.

Source: Legit

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Nigerian Varsity LAUTECH Hikes Tuition Fees, Fresh Students To Pay About N400k Per Session

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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.

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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.

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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.

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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.

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“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.

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Kano Police arrest 82 persons for alleged kidnapping, theft and assault

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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.

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“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.

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“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.

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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.

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Ribadu hands over 58 abductees including children to Kaduna govt

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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.

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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.

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“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.

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“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.

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“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.”

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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.

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“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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