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IPMAN cautions members against purchasing large quantities of petrol

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Independent Petroleum Marketers Association of Nigeria (IPMAN) has cautioned its members to be wary of buying high volume of petroleum products.

The warning, according to IPMAN’s spokesman Chinedu Ukadike, became necessary because of the instability of the petrol market.

With the precaution, he said, the marketers could avoid huge losses from the very frequent price adjustments.

According to him, the Dangote Refinery is loading products from the vessels and any moment soon, it would commence lifting from its gantry.

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He noted that loading the product from the gantry would crash the price, claimed that tank farm owners were taking advantage of loading from the vessels to inflate the prices.

Udadike said: “Dangote has not started selling from his gantry. So, that is what affects the market. This has given rise to tank farm members who have products to inflate the prices to be able to meet with the demand of the market. And they are also using this opportunity for profiteering.

“We the independent marketers we are very wary of buying high volume of petroleum products so that the prices will not crash against us.

“Once Dangote starts lifting from its gantry, prices will crash and independent petroleum marketers who bought product high during this period of time will lose a whole chunk of money.

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“So, we are advising our members not to buy chunk of products but just get some products that they can use in maintaining their filling stations.”

Dangote Refinery’s  Group Chief Branding and Communication Officer Anthony Chiejina, could not be reached last night, when this reporter sent a WhatsApp message to him to confirm whether the refinery has started selling products in dollars.

Last Thursday, the company  announced its stoppage of sale of products in naira temporarily since the Nigerian National Petroleum Company Limited (NNPCL) has halted sale of crude oil to the plant in Naira.

A technical sub-committee on crude oil sale in Naira last year announced the commencement of the sale of feedstock in the local currency to the refinery.

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The sub- committee is expected to meet with the concerned parties today in Abuja.

Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri said contract of sale of crude oil in Naira between NNPCL and Dangote Refinery was only a six-month pilot scheme.

The refinery said in statement: “We wish to inform you that, Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira.

“This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars.”

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The message also stressed its plan to resume sale in naira as soon as NNPCL recommences sale of feedstock in naira to the refinery.

“As soon as we receive an allocation of Naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in Naira,” Dangote said in a statement.

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FG to Ban Solar Panel Imports, promote local production

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The Federal Government has unveiled plans to ban the importation of solar panels to promote local manufacturing and accelerate Nigeria’s shift toward clean energy solutions.

The Minister of Science and Technology, Uche Nnaji, disclosed this during the recent unveiling of the NEV T6 electric buses in Abuja. He explained that the decision aligns with Presidential Executive Order No. 5, which prioritises local content in science, engineering, and technology.

According to Nnaji, Nigeria is making significant investments in renewable energy infrastructure and can meet its solar energy needs locally. He highlighted the role of the National Agency for Science and Engineering Infrastructure (NASENI) and other private manufacturers in driving solar panel production within the country.

“We have lithium in abundance here in Nigeria, so Mr. President is already taking action. The lithium we have will be processed and used as batteries for electric vehicles,” he stated.

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Nnaji also projected that expanding local solar panel manufacturing will enable more homes and institutions to transition to off-grid power solutions, reducing dependence on the national grid and fossil fuels.

Regarding concerns about Nigeria’s power supply and its impact on electric vehicle adoption, Nnaji clarified that the country is already deploying mini-grid solutions to enhance energy access.

“We have power. It depends on the source of power we are talking about. Today, if you look at our budget, you will see mini-grids everywhere. In less than four months, hospitals and institutions will be powered by solar,” he said.

The minister emphasised that the government is actively reducing reliance on diesel and petrol-powered energy sources by investing in non-carbon emission infrastructure.

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As part of its broader strategy, the government intends to support local manufacturers and ensure that Nigerian-made solar panels become the primary source for domestic and commercial energy solutions.

“With NASENI and other private manufacturers already producing solar panels, we will stop importation and focus on growing our local industry. Soon, most houses will go off-grid. Personally, I have been off-grid for over three years, and it is working,” Nnaji stated.

This move signals a bold step towards energy self-sufficiency, fostering job creation, technological innovation, and a sustainable energy future for Nigeria.

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Nigerian Air Force Releases DSSC Course 33 2024 Shortlisted Candidates Names

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Following the Nigerian Air Force Selection Board Interview conducted from 6 – 26 January 2025 for the Direct Short Service Commission Course (DSSC33/2024), the list of successful candidates has been released.

Inline with the above, the Nigerian Air Force (NAF) wishes to inform the general public that the list of successful candidates for the Direct Short Service Commission Course (DSSC 33/2024) has been published on the official NAF Recruitment Portal https://nafrecruitment.airforce.mil.ng

Successful candidates are to report for training at the Nigerian Defence Academy (NDA), Afaka, Kaduna, on Wednesday, 2 April 2025. Failure to report by 1800hrs (6:00 PM) on Monday, 7 April 2025, will result in forfeiture of the training slot.

Applicants are to Download List Of successful candidates here and to also find out more information on what candidates must come along with to the training.

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FG disburses Over ₦72 Million to Tertiary Students

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The Federal Government through the Nigerian Education Loan Fund (NELFUND) has disbursed over ₦72 million in student loans to 1,607 students across three tertiary institutions, aiming to alleviate the financial burden of tuition fees. The beneficiaries include the Federal College of Education, Obudu; Abdulkadir Kure University, Minna; and Adamawa State University, Mubi.

In a statement released on Tuesday, NELFUND reaffirmed its commitment to supporting students in Nigerian tertiary institutions, highlighting the disbursement as a demonstration of President Bola Ahmed Tinubu’s dedication to enhancing educational access and reducing financial barriers for students nationwide.

The Federal College of Education, Obudu, received a total of ₦21,789,500, distributed in two tranches. The first tranche, amounting to ₦14,320,500, was disbursed in October 2024 to 215 students, while the second tranche of ₦7,469,000 was disbursed on March 5, 2025, to 107 students. Abdulkadir Kure University, Minna, received ₦2,900,000 to cover the tuition fees of nine students. The university’s registrar, Dr. Garba Abdullahi, confirmed receipt of the funds and expressed gratitude for the initiative.

Adamawa State University, Mubi, received the largest allocation of ₦47,621,121, benefiting 1,283 students. The institution’s acting Vice-Chancellor, Dr. Ibrahim Bwatanglang, acknowledged the disbursement and expressed hope for continued collaboration with NELFUND.

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The management of the Federal College of Education, Obudu, commended NELFUND for the smooth and transparent disbursement process. Similarly, Abdulkadir Kure University acknowledged the significant financial relief provided to its students. Adamawa State University assured NELFUND of the responsible use of the funds and requested a list of shortlisted beneficiaries for the next disbursement.

NELFUND reiterated its commitment to ensuring that financial constraints do not prevent qualified Nigerian students from accessing higher education, stating that further disbursements will follow in the coming months to expand the program’s reach.

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