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Dangote Refinery Begins Direct Petrol Sale To Marketers

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The Dangote Petroleum Refinery has commenced the supply of Premium Motor Spirit, commonly known as petrol, directly to some oil marketers, bypassing the Nigerian National Petroleum Company Limited.

It was reported that while more oil marketers are making efforts to procure the product directly from the refinery, others are importing the commodity, with hundreds of millions of litres of imported PMS expected to arrive at Nigeria’s shores within two weeks.

It was earlier reported that at least four vessels carrying imported PMS arrived at seaports along the nation’s borders between Friday, October 18, and Sunday, October 20.

The report, citing a document from the Nigerian Port Authority, stated that about 123.4 million litres of PMS were berthed at two seaports to enhance the fuel supply nationwide.

This aligned with earlier report that oil dealers were planning to import PMS to supplement the supply from the $20bn Dangote refinery.

Meanwhile, as major oil marketers continue to import the product, some have begun lifting PMS directly from the Lekki-based refinery.

A senior official at the refinery mentioned that marketers can now engage in direct business transactions with the company on a “willing-buyer, willing-seller” basis.

“Marketers are already coming to the refinery to lift PMS. They are lifting directly from the refinery, not through a third party,” the reliable source, who spoke anonymously due to lack of authorisation to discuss the matter, confirmed.

Although the official did not disclose the price at which the marketers were acquiring the product, he suggested that they would not be purchasing it if the price were not favourable.

“We have reached agreements with some of the marketers and more are still ongoing. I don’t know the exact price, but if the price is not good, the marketers would not be coming to us,” the official stated.

He further indicated that the situation is improving, particularly with the Federal Government commencing the supply of crude oil to the facility.

Another official at the refinery showed one of the correspondents the trucks of some marketers loading PMS directly from the plant without involving the NNPC.

“Some of the trucks you saw there today were from marketers purchasing the product directly from Dangote, without recourse to NNPC. So the direct sale has started,” the source stated.

The official explained that due to the high demand for petrol in Nigeria and other regions, the refinery is focusing on producing 53% of PMS from its crude oil supplies.

“This could be reviewed in the future if the demand for other finished products increases more than the demand for petrol, but right now about 53% of our crude is used for petrol production, while other products account for the remaining percentage,” the official stated.

When asked if marketers had indeed started purchasing petrol from Dangote without involving NNPC, a prominent oil marketer confirmed.

“Yes, everyone is in the process. This was advised that it would happen soon and is a normal business transaction,” the marketer said.

However, this contradicts some reports suggesting that the refinery could not sell petrol to marketers unless the deal between it and the NNPC was terminated.

The PUNCH previously reported that the company had initially announced that the NNPC would be the sole off-taker of its petrol from September 15.

A refinery source mentioned that this was a decision made by the Federal Government. The same source expressed surprise when the Technical Subcommittee on “Domestic Sale of Crude Oil in Local Currency” announced on October 11 that marketers could now lift petrol directly from the refinery.

“Moving forward, petroleum product marketers are now able to purchase PMS directly from local refineries without the intermediary role of NNPC. Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency,” stated the Minister of Finance, Wale Edun, who chairs the committee, in a statement.

Following the committee’s announcement, industry operators noted that the market had been fully deregulated and that they would now approach the refinery to apply for PMS lifting.

Recall that the Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, recently led a delegation of officials to a meeting with the Vice President of Dangote Industries, Devakumar Edwin, in Lagos.

Although Fashola did not provide extensive updates about the meeting with Edwin, he expressed his gratitude for the roles Edwin had played.

“Edwin received us very well and promised to make things easier for IPMAN to do business with Dangote,” Fashola said.

Fashola further added, “We had a fruitful discussion with the group. We have started discussing modalities and other logistics. IPMAN has agreed to work with Dangote. We hope very soon we will start lifting products from the facility.”

However, IPMAN stated that it could not immediately begin off-taking products unless the refinery concluded its contract with the NNPC.

Nonetheless, refinery officials confirmed that the facility is already selling PMS to some marketers.

When the Dangote refinery started selling PMS on September 15, the NNPC claimed to have purchased the product at a rate of N898/litre, which the refinery described as misleading.

The refinery clarified that the “naira-for-crude” committee would be responsible for announcing the price of its PMS. As of October 22, the committee had yet to release an official price.

BIG STORY

Sokoto Counters Military, Says 10 Civilians Accidentally Killed In Air Strike

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The Sokoto state government says no fewer than 10 civilians were killed when a military air strike targeted suspected terrorists in Gidan Bisa village, Silame LGA of the state.

Abubakar Bawa, press secretary to Ahmed Aliyu, governor of the state, wrote in a statement issued on Wednesday.

Bawa quoted Abubakar Rana, chairman of Silame LGA, as saying that the incident occurred around 6am on Christmas Day, when two military fighter jets “mistakenly” dropped bombs on the village.

Aliyu, who was accompanied by Aliyu Wamakko, leader of the All Progressives Congress (APC) in the state, and Muhammadu Maigari Dingyadi, minister of labour and employment, attended the funeral prayers for the victims.

Consoling the villagers, the governor described the incident as “unfortunate.”

“The military jets were on their mission to eliminate criminal armed groups terrorising the state and mistakenly bombed innocent people of this community,” he said.

“We consider this a mistake because the same military had on several occasions successfully raided many criminal hideouts in the state.”

Aliyu prayed for Allah’s forgiveness for the deceased and strength for their families.

Muhammad Sifawa, secretary to the state government, announced a relief package of N20 million and 100 bags of assorted foodstuffs for the families of the deceased.

He also assured that the state government would cover the medical bills of the injured.

The military had denied reports of civilian casualties in the bombing.

Reports said air strikes conducted by the air component of Operation Hadarin Daji, targeting the Lakurawa terrorist group, had inadvertently killed civilians in the Gidan Sama and Rumtuwa communities.

However, Abubakar Abdullahi, joint media coordinator for the operation, said the strikes targeted locations confirmed to be linked to the insurgents.

“All military operations are based on thorough intelligence and reconnaissance missions to ensure precision and protect civilian lives,” Abdullahi said.

“The targets struck in the vicinity of Gidan Sama and Rumtuwa were positively identified as associated with the Lakurawa group, reinforcing the justification for the military action.”

Olusola Akinboyewa, spokesperson for the Nigerian Air Force, told TheCable that the missiles were launched following credible intelligence from multiple sources and confirmatory aerial surveillance.

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BIG STORY

Adron Homes Celebrates Christmas With Customers, Reaffirms Commitment To Bridging Nigeria’s Housing Deficit

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As the world embraces the joy and warmth of the Christmas season, Adron Homes and Properties, Nigeria’s foremost real estate company, has extended heartfelt greetings to its esteemed customers while reaffirming its commitment to addressing the nation’s housing challenges.

In a message of gratitude and celebration, Adron Homes expressed deep appreciation to its customers for their trust and loyalty throughout 2024. The company highlighted its unwavering dedication to making incredible housing affordable for all Nigerians, in line with its mission of reducing the country’s housing deficit.

“Christmas is a time to celebrate family, unity, and gratitude,” the statement read. “As we reflect on the year, we are proud to have played a role in making homeownership a reality for thousands of Nigerians. Our vision is clear—to bridge the housing deficit by providing affordable, luxurious, and secure homes for all, regardless of income level.”

Adron Homes has continued to lead the real estate industry by implementing innovative solutions that make homeownership accessible, including flexible payment plans and cost-effective housing models tailored to meet diverse customer needs.

As part of its Christmas and end-of-the-year celebration, the company has launched a special festive promotions ‘Lemon Friday’ aimed at encouraging more Nigerians to join its growing community of homeowners.

“We remain committed to transforming dreams into reality. This is not just about building homes; it’s about building futures and creating opportunities for families to thrive in a space they can call their own,” the statement added.

Adron Homes extended warm wishes to all Nigerians and its global customers, urging them to embrace the season’s spirit of love and hope. “May your homes be filled with peace, joy, and prosperity this Christmas and beyond.”

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BIG STORY

Suspected Herdsmen Kill 11 In Benue Christmas Day Attack

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No fewer than 11 people were reportedly killed on Wednesday, December, when some suspected herdsmen invaded the Ityuluv, Tse Azege, and Innyiev ya communities in Mkomon district, the Kwande Local Government Area of Benue State.

According to residents of the affected communities, the invaders were reported to have stormed the communities while residents were celebrating the Christmas season.

One of the residents, who identified himself as Terlumun, said, “The terrorist herders came this afternoon (Wednesday) when the people were celebrating Christmas and invaded our communities, killing and burning houses.”

When contacted on Thursday, the President-General of the Tiv socio-cultural group known as ‘Mdzough U Tiv Worldwide,’ Iorbee Ihagh, confirmed the attack (to The Punch) via a telephone conversation.

He said, “11 people were killed in the Christmas day attack on Mkomon district of Turan in Kwande LG. Some are still missing as I speak to you now.

“Our people were celebrating Christmas when the Fulani herdsmen invaded the communities and attacked the people.”

Ihagh said some council wards in the LG, particularly Moon council ward, had long been sacked by the herdsmen.

He called on Governor Hyacinth Alia and President Bola Tinubu to beef up security in the state.

Also, the governor’s Security Adviser on Internal Affairs and Security, Joseph Har, confirmed the attack but declined further comments.

He, however, referred our correspondent to the Director-General on Security, Gbamuam Jacob, for further information.

“It’s true. I was informed about the incident but I have forwarded the report to the Director-General on security. He’ll give you details,” Har said.

Efforts to get the DG were unsuccessful as his cellphone did not connect as of the time of filing this report.

When contacted, the spokesperson for the Benue State Police Command, Catherine Anene, said she had yet to receive any reports about the incident.

“I’m yet to receive a report about that,” Anene said.

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