Connect with us


BIG STORY

Dangote Petrol Ready For Rollout, NNPC Only Authorized Seller At The Moment — Report

Published

on

Following a successful test-run, the 650,000-barrel-per-day Dangote Petroleum Refinery is poised to commence the sale of Premium Motor Spirit (PMS), commonly known as petrol.

Industry sources, speaking anonymously to The Punch, confirmed that the product will soon enter the market.

Currently, the Dangote Group and the government are finalizing arrangements for the product’s distribution and circulation.

A government source revealed that discussions with the Federal Government are underway to settle the logistics of PMS sales and distribution.

The source added that only the Nigerian National Petroleum Company Limited would be authorised to sell the Dangote fuel at the moment.

Recall that petrol from the Dangote refinery was supposed to have been out since June, but the refinery battled crude shortage and entered into a brawl with the Nigerian Midstream and Downstream Regulatory Authority, which accused the refinery of producing substandard diesel.

The intervention of the Federal Government that crude oil should be supplied to the refinery in the local currency seems to be yielding the desired result.

Recall also, that Dangote and other local refineries have repeatedly accused international oil companies of not selling crude to the local refiners.

Recently, the Federal Government announced that the crude oil supply deal would commence in October

The management of Dangote Group also alleged that the IOCs insisted on selling crude oil to its refinery through their foreign agents, saying the local price of crude would continue to increase because the trading arms offered cargoes at $2 to $4 per barrel, above NUPRC official price.

The group also alleged that the foreign oil producers seem to be prioritising Asian countries in selling the crude they produce in Nigeria.

Earlier report last month had it that the Dangote refinery engaged in an exchange of words with the Nigerian Upstream Petroleum Regulatory Commission over the alleged supply of 29 million barrels of crude oil to the refinery.

The Dangote Group had accused the NUPRC of failing to effectively enforce the Domestic Crude Supply Obligations regulations, saying the refinery had yet to get enough crude locally.

Reacting, the NUPRC debunked the claim, stating that it facilitated the supply of over 29 million barrels of crude oil to Dangote from January to June 2024.

The NUPRC argued that it had facilitated the domestic supply of crude oil to Dangote refinery and other refineries using the monthly production curtailment platform.

But in a swift response, the Dangote Group also denied receiving 29 million barrels of crude from any source.

Spokesperson of the Dangote Group, Anthony Chiejina, said, “We received NUPRC’s statement that they have facilitated the allocation of 29 million barrels of crude oil to the Dangote Petroleum Refinery and Petrochemicals, we would like to thank them for this allocation but at the same time, we wish to let them know that we are yet to receive these cargoes.

“Aside from the term supply we bilaterally negotiated with NNPCL, so far NUPRC has only facilitated the purchase of one crude cargo from a domestic producer. The rest of the cargoes we have processed were purchased from international traders.”

Chiejina added that all the refinery was asking for was for refineries in Nigeria to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen.

Nigerians are hopeful that Dangote will crash the pump price of PMS.

BIG STORY

INEC Enforces Campaign Deadline In Edo, Bans Publicity Materials At Polling Units

Published

on

The Independent National Electoral Commission (INEC) has directed political parties participating in the Edo state governorship election to conclude their campaigns by 11:59pm on Thursday.

On Thursday, INEC spokesperson, Sam Olumekun, issued a statement reiterating the provisions outlined in Section 94 of the Electoral Act 2022. This move aims to ensure compliance with the electoral regulations ahead of the scheduled election on September 21.

Section 94(1) of the act states that: “A person, print or electronic medium that broadcasts, publishes, advertises or circulates any material for the purpose of promoting or opposing a particular political party or the election of a particular candidate over the radio, television, newspaper, magazine, handbills, or any print or electronic media whatsoever called within twenty four hours immediately preceding or on polling day commits an offence under this Act.”

Olumekun said candidates and their supporters should not wear campaign materials to the polling units on Saturday.

“It is therefore illegal for any political party in Edo State to engage in rallies, processions or media campaigns from midnight today,” the statement reads.

“These prohibitions, including sanctions, are provided for in Section 96 of the Electoral Act 2022.

“Similarly, on Election Day, Saturday 21st September 2024, parties, candidates and their supporters should not appear at the polling units in their campaign attires or carry any campaign materials with them.

“We urge parties, candidates and their supporters to take note of the provisions of the law for compliance.”

Meanwhile, Asue Ighodalo, governor candidate of the Peoples Democratic Party (PDP), has ended his campaign.

In a statement issued by Erhabor Emokpae, the Team Asue Media Organisation (TAMO) said Ighodalo’s campaign ended today in line with provisions of the electoral act.

“We would like to inform the general public that the current campaign has been officially concluded by Ighodalo and consequently directed that no activity in this regard should exceed midnight, Sept. 19,” the campaign office said.

“After this time, any publications, advertisements, jingles, or any other promotional materials made in respect of the subject matter have not the blessing, endorsement or authorisation of Ighodalo or all that is associated with him in respect of same.

“Please be advised, therefore, Ighodalo will not be liable or held responsible for any consequences arising from any further campaign or promotional activities or communications conducted after the campaign’s official closing time and date.”

Continue Reading

BIG STORY

NAFDAC Shuts Down N50 Million Worth Counterfeit Cosmetics Manufacturing Facility In Lagos

Published

on

The National Agency for Food and Drug Administration and Control (NAFDAC) has successfully shut down an illegal cosmetics manufacturing facility located at Benue Plaza, Trade Fair Complex, Lagos State.

This significant enforcement operation targeted counterfeit products.

In a post shared on X (formerly Twitter), NAFDAC revealed that its officers discovered large quantities of unregistered chemicals, expired products, and packaging materials intended for the production of fake cosmetics during the raid.

The operation resulted in the seizure of over 1,200 cartons of counterfeit goods from the location. Alarmingly, expired cosmetics were being revalidated for sale, raising serious concerns about consumer safety.

The agency also confiscated equipment used in the illicit manufacturing process, such as mini-mixing containers, unlabelled chemicals, batch coding materials, and thinners.

These materials were transported to NAFDAC’s office for further investigation. The agency estimates the street value of the confiscated goods at approximately N50 million.

NAFDAC has reiterated its commitment to protecting public health by clamping down on illegal and unregulated products in the Nigerian market.

In a statement, the agency urged consumers to exercise caution when purchasing cosmetics, particularly from unverified sources, and to report any suspicious products to NAFDAC for further action.

This operation underscores NAFDAC’s ongoing efforts to combat the production and distribution of counterfeit goods, which pose significant risks to public health and safety.

The agency has emphasized that such enforcement actions are part of a broader strategy to ensure that only regulated and certified products reach consumers, safeguarding the integrity of Nigeria’s cosmetics market.

In a related development, about 5 months ago NAFDAC sealed several unregistered bakeries and water-packaging companies operating without the agency’s approval in Plateau State.

According to Mr. Shaba Mohammed, Director of NAFDAC’s North Central Zone, the closure followed inspections that revealed substandard Good Manufacturing Practices (GMP) in the water-packaging firms.

As a result, these companies were shut down to prevent the circulation of potentially unsafe products.

In addition to this, numerous patent medicine stores were sealed for selling expired and unregistered medical products.

The raid, part of NAFDAC’s routine inspections in local government areas such as Dengi, Wase, Yelwa Shendam, and Namu, was aimed at enforcing compliance with safety standards and protecting public health.

Mr. Mohammed emphasized that NAFDAC remains committed to ensuring only certified and safe products are available to Nigerian consumers.

He urged the public to be vigilant, choosing only NAFDAC-registered goods, and to report any suspicious or expired products.

He also reiterated that businesses found violating the agency’s regulations would face appropriate sanctions, while advising aspiring entrepreneurs to seek guidance on product registration to avoid penalties.

Continue Reading

BIG STORY

Crisis In PDP Is Creation Of APC, They Want Us To Be In Disarray — Bauchi Governor Bala Mohammed

Published

on

Bauchi State Governor, Bala Mohammed, has attributed the crisis within the Peoples Democratic Party (PDP) to interference by the All Progressives Congress (APC).

He made this assertion while receiving members of the PDP Board of Trustees at the Government House in Bauchi.

“Any challenge is not insurmountable, it is insurmountable by the grace of God and we will find a solution to that,” he stated.

“It is only PDP with the experience of governance that is being challenged.”

“You will notice that this is the creation of the other side. They want us to be in disarray, it is the creation of APC. They always want to have moles within us, they want to have knowledge of what is going on.”

“Even the Wike that is in APC is in PDP, he is performing very well. They don’t have people that will perform like our members and that is why they chose to pick him and gave him a state-like structure to run.”

“To us, it is a commendation. The press will see that at least irrespective of the bizarre situation, it is a recognition that PDP has the human capital to deliver Nigeria.”

Gov Mohammed also acknowledged the challenge posed by Wike’s dual role and attributed the party’s crises to opposition from the APC but assured that they have a strategy to navigate the situation.

To him, the PDP’s primary focus was on unifying the party to take over leadership in 2027 and ensure effective governance.

Continue Reading



 

Join Us On Facebook

Most Popular