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Retailers Begin Loading From Port Harcourt Refinery This Week — PETROAN

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Unless there is a last-minute change in plans, marketers and retailers of petroleum products are set to begin lifting Premium Motor Spirit (“petrol”) from the Port Harcourt Refining Company this week.

The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, revealed this in an exclusive interview with (The Punch).

According to Obele, since the refinery resumed operations in November, it has been supplying fuel only to retail outlets owned by the Nigerian National Petroleum Company Limited (“NNPCL”).

While marketers still load fuel from the NNPCL, Obele clarified that the products marketers are currently purchasing from the state-owned oil company are imported.

He expressed concerns that the NNPCL is selling “PMS” to retailers in Port Harcourt at higher prices than those in Lagos State, urging that the refinery should sell at N899 per litre instead of N970.

“NNPC is still telling us to buy at a rate different from the rate they are selling to Lagos at the moment because of logistics. So, Port Harcourt retail outlet owners are not really comfortable with that. Hence, the Port Harcourt refinery will start servicing us this week.

“We are also requesting that the same rate NNPC is selling to our members at Lagos should be the rate they will be selling to us over here in Port Harcourt too. We are not really comfortable with that disparity,” he disclosed.

When asked if marketers in Port Harcourt and surrounding areas have started buying directly from the NNPC refinery, he replied, “No, but it will commence this week. The trucks loading out are for the NNPC retail outlets only.”

In his request to the NNPC, Obele stated, “We in Port Harcourt, we plead with the NNPC to sell to us at the same rate they are selling fuel to Lagos marketers. The difference is too much. It is N899 per litre in Lagos but N970 in Port Harcourt. It is far higher than that of Lagos.

“The way they explain it, it is like their own vessel will be bringing it and shipping it over to Port Harcourt depot for us to buy. So, we are now saying that since you will be selling directly to us from the refinery, you now have the stock available. Sell to us at the same rate you are selling to Lagos marketers.

“So, that’s where we are right now. Our request is that the NNPC should sell to us from the Port Harcourt refinery at the same rate they are selling the product to those in Lagos.”

When asked if he meant the NNPC was still importing fuel to Lagos, the PETROAN spokesman responded affirmatively, saying “The stocks in Lagos are imported stocks.”

After several delays, the NNPC announced in November that the old 60,000 barrels per day Port Harcourt refinery had resumed operations.

The NNPC also promised that rehabilitation works at the new Port Harcourt refinery, with a 150,000 barrels per day capacity, would be completed soon.

NNPC spokesman, Olufemi Soneye, confirmed that the refinery currently produces naptha, which it blends to produce petrol.

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JUST IN: President Tinubu Departs For 10-Day Working Vacation In France, UK

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President Bola Tinubu has left Abuja to begin a 10-working-day “working vacation” in Europe as part of his 2025 annual leave, the Presidency announced on Thursday.

In a statement by Bayo Onanuga, Special Adviser on Information and Strategy, the president’s itinerary includes trips to France and the United Kingdom, after which he is expected to return to Nigeria .

The statement did not clarify whether Tinubu will transmit a formal leave notice to the National Assembly under Section 145(1) of the 1999 Constitution (as amended), which allows the Vice President to act in his stead. Notably, both chambers are currently on recess .

This marks another foreign excursion shortly after a diplomatic mission to Japan and Brazil in late August, where Tinubu pursued trade, aviation, and security agreements during meetings in Japan and with President Luiz Inácio Lula da Silva in Brazil .

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I’m The Most Experienced Oyo Governorship Aspirant In APC — Adebayo Shittu

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Adebayo Shittu, current Minister of Communications, has positioned himself as the most experienced candidate in the All Progressives Congress (APC) contest for the Oyo State governorship.

In a statement to journalists in Ibadan, Shittu cited his extensive political track record—spanning roles as a member of the Oyo State House of Assembly in 1979, a two-time State Commissioner, and two previous governorship bids—as qualifications that set him apart from other aspirants. “I was a member of the State House of Assembly in 1979 and two-time Commissioner in the State. I have also contested the governorship seat in the state twice before I became a minister. These are experiences you cannot buy,” he insisted .

Shittu emphasized the importance of experience in governance and governance readiness, underscoring the complexity of Oyo State’s political landscape. He added, “Oyo is advanced and sophisticated to be handled by inexperienced administrators” .

Drawing on his historical ties to Nigeria’s political heritage, Shittu noted that he gleaned invaluable insights from Chief Obafemi Awolowo, a foundational figure of Nigeria’s politics. He argued that this lineage of political mentorship enhances his capacity to govern effectively.

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Revenue Growth Yet To Translate Into Better Living Conditions — Peter Obi To Tinubu

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Former Labour Party presidential candidate Peter Obi has challenged President Bola Tinubu to ensure that the country’s recently achieved revenue growth delivers visible improvements in citizens’ lives.

Reacting to Tinubu’s announcement that Nigeria hit its 2025 revenue target by August, Obi congratulated the president but stressed: “If indeed the economy stabilises as you declared, then Nigerians must feel it in their daily lives.”

He added that economic stability must be reflected in tangible outcomes: “Borrowings must stop now. Huge contractors’ bills, which are still owed, should be paid, and critical underfunded projects must now be funded.”

Obi lamented the dire state of public services, noting: “True economic stability is not in figures announced at press conferences, but in classrooms where children learn, in well-equipped labs, and in hospitals where citizens can receive quality care.”

He called on the government to channel the surplus revenue transparently into priority sectors—particularly education, healthcare, and poverty reduction—within the remaining four months of the year.

Obi emphasised the need for measurable results, warning: “Anything less will mean that revenue growth has not translated into national growth. Nigerians deserve to see the impacts of this touted revenue growth.”

He concluded with a statement of hope: “A new Nigeria is possible.”

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