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Fuel: No Plan To Shutdown Stations Over N195 Per Litre Enforcement —– IPMAN

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The lndependent Petroleum Marketers Association of Nigeria (IPMAN) has denied insinuations that marketers of Premium Motor Spirit (PMS), popularly called petrol, are getting set to shut down operations beginning from Monday once the government starts the enforcement of N195/litre pump price.

IPMAN’s National Operations Controller, Mr. Mike Osatuyi, in a statement in Abuja, explained the Nigerian National Petroleum Company Limited (NNPCL) is preparing the logistics to start giving petrol to IPMAN members directly two months after their December 8, 2022 agreement.

He advised members to open up their stations and start selling to the public nationwide.

He said that IPMAN is a responsible association that will not involve in undermining national security as petrol is a national security product.

According to him: “Apart from IPMAN members loading at DAPPMAN depots in Abule-Ado, ijegun axis of Lagos, has agreed to sell petrol at N172 per litre to IPMAN members as part of the Federal Government and DAPMAN efforts in ensuring Nigerian enjoy the subsidy regime.”

He added that lPMAN will also load in NIPCO and MRS depots massively for South West and North West in a few days.

Osatuyi said the National Union of Petroleum and Natural Gas Workers (NUPENG) must be applauded for cancelling the N3 union charges on petrol in the last two days in loading depots adding the government should advise NUPENG/ PTD to bring down the transportation cost to various parts of the country where a reasonable profit will be made by the transport owners and the benefits of subsidy will equally be enjoyed by the public so as to enable IPMAN members to sell at reasonable and near approved prices nationwide.

He said that Adesope Ibadan IPMAN depot publicity officer has no mandate to talk on behalf of the National body of IPMAN.

He appealed to the media to always cross-check any information from the IPMAN National body before going to press.

Alhaji Mojeed Adesope, the IPMAN Publicity Officer, Ibadan Depot called for a shutdown of all IPMAN’s filling stations due to the government’s pronouncement that the price of petrol should not exceed N195/litre, a development in which dealers, particularly independent marketers, described as tough due to the high ex-depot price of the commodity.

Osatuyi said that members will begin to get supplies directly from the Nigeria National Petroleum Company Limited (NNPCL).

He said that going forward, the independent marketers, being a critical complement to the major marketers in breaking the festering scarcity, got assurance of direct supply of petrol from the NNPCL.

The moves came on the heels of a critical meeting between NNPCL, MOMAN, IPMAN, Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Department of State Services (DSS) amongst others.

The National Operations Controller said that the NNPCL have agreed to be selling petrol directly to IPMAN members at the regulated official price, rather than the crisis-fueling situation of routing products through third parties, who had been severally fingered as being behind inflated wholesale supply prices.

Osatuyi said the direct sale of products to independent marketers “will bring down the price of the product”, noting that direct sale of products to independent marketers will lead to an immediate reversal of retail prices to the regulated retail price.

He said: “I can tell you that the NNPCL have agreed to be giving IPMAN petrol directly and not through a third party.

“The Federal Government of Nigeria and the Inspector General of police should call the federal task force on petroleum products to order as there recent actions is geared towards intimidation and exploitation.

“IPMAN will work with them in a peaceful and friendly atmosphere to fish out fraudulent members among IPMAN members that can be proven but not exploitative agenda.”

 

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NCC Unveils Initiative To Combat Fraud, Spam Messaging

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The Nigerian Communications Commission has unveiled a draft regulatory framework aimed at addressing fraud, spam, and other challenges in the “Application-to-Person” messaging sector.

The telecom regulator made this announcement in a statement on Friday.

The proposed framework was introduced during a virtual Stakeholders’ Forum, a key step towards enhancing the sector’s integrity and ensuring a fair, transparent environment for all parties involved.

The draft framework, presented by the acting Head of Legal and Regulatory Services at the NCC, Mrs. Chizua Whyte, on behalf of the Executive Vice Chairman, Dr. Aminu Maida, seeks to regulate the A2P messaging space.

A2P messaging, used for notifications such as bank alerts, promotional campaigns, and government updates, has become a vital communication tool in Nigeria.

However, the sector faces significant challenges, including consumer protection concerns, fraud, and data privacy issues, as well as an unequal distribution of value within the ecosystem.

“The international A2P messaging space in Nigeria faces gaps that have led to issues such as fraud, spam, and data privacy concerns. These challenges threaten the sustainable growth of this communication tool,” the NCC said.

The regulator emphasised its commitment to fostering innovation while ensuring a secure, transparent environment for businesses, consumers, and service providers.

The proposed framework aims to address these challenges by protecting consumers, promoting fair competition, and holding service providers accountable.

“This forum marks a pivotal step towards addressing these challenges,” the NCC said. “We are here to engage with all stakeholders—operators, aggregators, businesses, service providers, and consumers—to refine the framework and ensure it meets the needs of the entire ecosystem.”

The NCC stressed the importance of inclusivity and collaboration in creating an effective regulatory environment.

The commission’s efforts are focused on promoting a sustainable A2P messaging ecosystem that enables business innovation, enhances communication efficiency, and supports Nigeria’s socio-economic growth.

Stakeholders were encouraged to provide feedback and contribute ideas during the forum to help shape the final framework.

The NCC reiterated its commitment to creating a regulatory environment that supports innovation while safeguarding the interests of all stakeholders in the A2P messaging sector.

For further updates, the NCC urged stakeholders to remain engaged throughout the regulatory process, stressing the importance of cooperation in shaping the future of A2P messaging in Nigeria.

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JUST IN: Oil Marketers Reduce Petrol Price By 11.8% To N939.50 Per Litre

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Oil marketers sourcing “Premium Motor Spirit”, “PMS”, also known as petrol, from the Dangote Petroleum Refinery have reduced the price by 11.8 percent to N939.50 per litre, down from N1,060 per litre.

As of Thursday, December 19, petrol was still being sold at N1,060 per litre in Lagos and surrounding areas.

However, by Friday, MRS, a leading marketer, along with others, had adjusted their prices, now selling at N939.50 per litre.

It’s worth noting that the Dangote Petroleum Refinery had earlier lowered the ex-pump price of petrol to N899.50 per litre, down from N970 per litre.

According to the refinery, this price reduction is intended to offer much-needed relief to Nigerians ahead of the holiday season.

Anthony Chiejina, the Chief Branding and Communications Officer of Dangote Group, made this announcement.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on “PMS” (“petrol”). From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM,” Chiejina said.

‘‘Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”

 

More to come…

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EFCC Allocates N18bn For Allowances, N5bn For Travels In Proposed 2025 Budget

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The Economic and Financial Crimes Commission (EFCC) has announced plans to allocate N18 billion for allowances in 2025.

This figure is part of the proposed 2025 budget currently under consideration and awaiting approval by the national assembly.

As per the appropriation bill, the EFCC’s total budget for 2025 stands at approximately N62.2 billion.

This budget includes personnel costs (N38.6 billion), overheads (N20.9 billion), and capital expenditure (N2.2 billion).

Within the allowance budget, N1.7 billion is designated for “non-regular allowances,” while “regular allowances” are set at N16.7 billion.

Other proposed expenditures for the EFCC include welfare packages (N1.4 billion), fuel and lubricants (N2 billion), financial charges (N1.2 billion), construction and provision of office buildings (N1.1 billion), and maintenance services (N2.1 billion).

The EFCC also plans to allocate N4.9 billion for “local travel and transport,” with “international travel and transport” expected to cost N1.7 billion.

The proposed budget includes N800 million for the purchase of fixed assets.

On Wednesday, President Bola Tinubu unveiled the N49.7 trillion 2025 “Budget of Restoration: Securing Peace and Rebuilding Prosperity.”

In his address to the national assembly, Tinubu stated that it was time “we rewrite Nigeria’s narrative together.”

The primary focus of next year’s budget will be the defence, infrastructure, health, and education sectors.

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