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NNPCL Sells Petrol To IPMAN At N995 Per Litre

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The Nigerian National Petroleum Company Limited (NNPCL) has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria at N995 per litre.

This decision followed the intervention of the Department of State Services, which helped resolve a dispute between the two parties.

The National Vice President of IPMAN, Hammed Fashola, mentioned that the DSS’s involvement addressed several issues facing the marketers.

He also confirmed that, thanks to this intervention, the Nigerian Midstream and Downstream Petroleum Regulatory Authority would pay the association’s outstanding N10 billion and resolve matters regarding the direct purchase of petrol from the Dangote refinery.

“We really appreciate their intervention. They are doing their job. Anywhere they have seen that there may be a crisis, it is their duty to intervene. And their intervention brokered peace and understanding between the parties, and everybody agreed to work together,” Fashola stated.

When asked about the NNPC’s selling price for PMS to IPMAN, he replied, “For now, tentatively, I think they are offering us N995 per litre.”

Fashola assured that with the N995 ex-depot price, IPMAN members would no longer have to sell at significantly higher prices than major marketers, although he noted that transportation costs could still affect prices.

“Our members sell at N1,200 or so and this depends on the location. I think with the N995, there will be a little reduction. Don’t forget that if you transport a product from Lagos to a far distance, you will pay for transportation and other charges.

“We want to work on that because we want to have a common ground. When we sit down and look at the price analysis offered to us, and factor in all our expenses, we want to have a uniform price as much as possible.

“So, I will not be able to tell you the exact price now, but we are working on it, especially in the Lagos axis and other zones. We will look at the transportation cost and all that. At the end of the day, we will fix the price for ourselves,” he stated.

Fashola highlighted that IPMAN is focused on achieving competitive pricing, emphasizing the disadvantage posed by price disparities with independent marketers.

“The price disparity has been a disadvantage between us and the NNPC Retail and major marketers.

So, we are trying to look at how to close that gap so that we come back fully into the business.

The lack of direct supply has been our problem, and now that we are solving that problem, I don’t think that disparity will be there again,” he stressed.

He also explained that the queues seen at some filling stations are largely due to price differences.

“The queues you see are because of that difference in prices, that’s why people are saying there are queues. There are no queues; it is the price disparity that is causing the queues.

So, if there is not much difference, we have filling stations everywhere; just drive in, buy fuel, and go. But that so much difference in the price is creating that scenario of queues,” he narrated.

Regarding the new directive allowing marketers to purchase petrol directly from local refineries, Fashola said the association would meet with Dangote this week.

“For now, we intend to meet with Dangote this week to see how we work out the modalities and all that. The Federal Government has given a directive and we want to take full advantage of that,” he posited.

He emphasized that IPMAN is not disregarding the NNPC, stating they would seek the best price available.

“At the same time too, we are not ignoring NNPC. So, whichever way, we are ready to do business with NNPC. It depends on the price, we go for the best.

IPMAN previously reported that the cost of petrol from the Dangote Petroleum Refinery to NNPC was around N898 per litre, yet NNPC was selling it to independent marketers at N1,010 per litre in Lagos.

The association, which controls over 70 percent of filling stations nationwide, opposed this pricing and threatened to take action, also demanding a refund from NNPC for previous petrol supply payments made by its members.

The IPMAN national president, Abubakar Maigandi, argued during a live television interview that the price offered by NNPC was higher than what they paid for the product from the Dangote refinery.

He noted that independent marketers’ funds had been held by the national oil company for about three months.

According to him, NNPC purchased the product from the refinery at N898 per litre but is asking marketers to buy it at N1,010 per litre in Lagos; N1,045 in Calabar; N1,050 in Port Harcourt; and N1,040 in Warri.

“Our major challenge now is that independent marketers have an outstanding debt from the NNPC and the company collected products through Dangote at a lower rate, which is not up to N900, but they are telling us now to buy this product from them at the price of N1,010 per litre in Lagos; N1,045 in Calabar; N1,050 in Port-Harcourt; and N1,040 in Warri,” Maigandi stated.

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‘No Room For Excuses’, Say Libya As Players Train To Play Nigeria [PHOTOS]

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The Libyan Football Federation stated that it won’t tolerate excuses from the Nigeria Football Federation for boycotting the second leg of the Group D 2025 African Cup of Nations qualifier match against the Super Eagles.

This announcement was made on the LFF’s X handle on Tuesday, following the Super Eagles’ departure from Libya after a 16-hour stranded period at Al Abaq Airport due to an unexpected diversion on Sunday. This incident led Nigeria to withdraw from the match initially scheduled for today.

While sharing photos of their players’ training session, the LFF noted:

“Some may be used to putting up obstacles before the match, but here in the heart of Benghazi, specifically on the grounds of the Martyrs of Benina Stadium, there is no room for excuses after the starting whistle.

“Photos from our national team’s training at the Martyrs of Benina International Stadium, in preparation for the match against Nigeria on Tuesday evening, as part of the fourth round of the Africa Cup of Nations qualifiers.”

Recall that the LFF has condemned Nigeria’s decision to withdraw from the scheduled 2025 Africa Cup of Nations qualifier in Libya, threatening to take legal action to protect its national team’s interests.

In its statement shared by The Libya Observer, the LFF accused the Nigerian Football Federation of failing to cooperate in organising the match and causing the confusion that led to the current situation.

The statement read, “The Libyan Football Federation condemns the measures taken by the Nigerian Football Federation by refusing to play the Libya-Nigeria match in the African Cup of Nations qualifiers scheduled for Tuesday, October 15, stressing that it will take all legal measures to preserve the interests of the Libyan national football team.”

“The Libyan Federation attaches some inhumane footage that did not prevent the Libyan mission from playing the Nigeria-Libya match last Friday in Nigeria, out of cooperation with the Confederation of African Football.

“The Libyan Football Federation clarifies that its Nigerian counterpart did not cooperate with it in any way, whether regarding the first or second leg match, noting that the events beyond our control do not equal a small part of what the Libyan national team was exposed to in the first leg match,” it said.

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Yoruba Nation: UK Didn’t Endorse Sunday Igboho’s Petition — Federal Government

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The Federal Government has said the petition by Yoruba nation agitator, Mr Sunday Adeyemo, popularly known as “Sunday Igboho”, calling on the United Kingdom to consider the Yoruba nation was not endorsed by the UK government.

The spokesperson for the Ministry of Foreign Affairs, Ambassador Eche Abu-Obe, in a statement in Abuja on Tuesday, said media reports on the petition “were highly misleading.”

He explained that “Following media reports on the petition submitted at No. 10 Downing Street by Mr Sunday Adeyemo popularly known as Sunday Igboho, the British High Commissioner in Abuja was invited to shed light on the issue.

“During the meeting, the High Commissioner noted with concern that the matter was overblown, indicating that the media reports were highly misleading.

“Furthermore, the High Commissioner informed that he was aware of the letter being delivered but added that it was merely an established practice of allowing the delivery of letters and petitions to No. 10.

“It was not endorsed by any agency of the UK government nor the UK Parliamentary Petitions Committee.

“The UK government typically does not concern itself with petitions concerning the sovereign affairs of another country.”

He quoted the high commissioner to have informed that “such petitions had been rejected by the UK Parliamentary Petitions Committee and the UK Government in the past.”

He further agreed to continue liaising with the Ministry of Foreign Affairs as needed, while reiterating the importance of the bilateral relations between the United Kingdom and Nigeria.

Recall Igboho, according to his spokesman, Olayomi Koiki, in a post on Sunday via his X handle submitted a petition to the Prime Minister of the United Kingdom, Keir Starmer, to consider the creation of a Yoruba nation.

He stated that Igboho submitted the petition on behalf of the leader of the Yoruba Nation movement, Prof. Adebanji Akintoye.

He wrote, “At exactly 14:00 hrs Dr. Chief Sunday Igboho delivered a petition to the UK Prime Minister on behalf of Prof. Adebanji Akintoye, leader of the YORUBA NATION movement, and Olayomi Koiki, his spokesman @10DowningStreet.”

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BIG STORY

UPDATE: Libya’s Highest Authority Ordered Me To Divert Super Eagles Flight — Pilot

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The Tunisian pilot who flew the Super Eagles of Nigeria to Libya has addressed the controversy surrounding the flight diversion.

In a now-viral video, the pilot explained that the original plan was to land in Benina, a town in the Benghazi area of Libya, with prior approval from the Libyan Civil Aviation Authority.

However, as they began their descent, he was instructed to divert to Al-Abraq, which was not listed as an alternate airport.

The pilot stated that the order for the flight diversion came from “Libya’s highest authorities.”

He expressed that he repeatedly questioned the flight diversion order due to limited aviation fuel but was “ignored by Libyan aviation authorities.”

“The flight plan was to land in Benghazi, Benina, and we had approval from the Libyan Civil Aviation Authority,” the pilot said.

“However, as we began our descent, we were instructed to divert to Al-Abraq, which wasn’t even listed as our alternate airport.

“This decision came from the highest authorities, not me. In aviation, we calculate fuel based on our destination. Diverting unexpectedly can compromise safety.

“Everything is documented. I asked to land in Benghazi as per my flight plan, but they denied it, instructing me to divert immediately.

“I repeatedly questioned the directive and warned them about fuel limitations, but they insisted that we land in Al-Abraq, citing orders from the highest authority” he said.

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