₦airaland Forum

DonBobes:
Now lemme comment.

This doesn't actually mean that they have gone underground or stop their bombings. It could acybe a decoy for another plot. They need to be hunted down like rabid dogs!

kodded:
www.nairaland.com/attachments/3543324_3488434imagejpeg9f360c5ab7736510df54c882e9dbf188_jpeg04a7ff014d93410d77e6bbedb8107480

bishopkay:
Tam West is an old Goat!!

Minister of State for Petroleum Resources and GMD of the NNPC, Dr. Emmanuel Ibe Kachikwu, Wednesday, announced that petrol will sell for N145 per litre. Dr. Kachikwu in a briefing in Abuja, after a meeting with the Leadership of the Senate, House of Representatives, Governors Forum, and Labour Unions (NLC, TUC, NUPENG, and PENGASSAN), said the new policy, “will lead to improved supply and competition and eventually drive down pump prices, as we have experienced with diesel.”

According to Dr. Kachikwu, “In addition, this will also lead to increased product availability and encourage investments in refineries and other parts of the downstream sector. It will also prevent diversion of petroleum products and set a stable environment for the downstream sector in Nigeria.” The meeting of various stakeholders was presided over by Vice President Yemi Osinbajo.

The text of the briefing:

The meeting reviewed:

1. The current fuel scarcity and supply difficulties in the country.

2. The exorbitant prices being paid by Nigerians for the product. These prices range on the average from N150 to N250 per litre currently.

3. The meeting also noted that the main reason for the current problem is the inability of importers of petroleum products to source foreign exchange at the official rate due to the massive decline of foreign exchange earnings of the federal government.

As a result, private marketers have been unable to meet their approximate 50% portion of total national supply of PMS. Following a detailed presentation by the Honorable Minister of State for Petroleum Resources, it has now become obvious that the only option and course of action now open to the government is to take the following decisions:

1. In order to increase and stabilise the supply of the product, any Nigerian entity is now free to import the product, subject to existing quality specifications and other guidelines issued by Regulatory Agencies

2. All Oil Marketers will be allowed to import PMS on the basis of FOREX procured from secondary sources and accordingly PPPRA template will reflect this in the pricing of the product. Pursuant to this, PPPRA has informed me that it will be announcing a new price band effective today, 11th May, 2016 and that the new price for PMS will not be above N145 per litre. We expect that this new policy will lead to improved supply and competition and eventually drive down pump prices, as we have experienced with diesel.

In addition, this will also lead to increased product availability and encourage investments in refineries and other parts of the downstream sector. It will also prevent diversion of petroleum products and set a stable environment for the downstream sector in Nigeria.

We share the pains of Nigerians but, as we have constantly said, the inherited difficulties of the past and the challenges of the current times imply that we must take difficult decisions on these sorts of critical national issues. Along with this decision, the federal government has in the 2016 budget made an unprecedented social protection provision to cushion the current challenges. We believe in the long term, that improved supply and competition will drive down prices.

The DPR and PPPRA have been mandated to ensure strict regulatory compliance including dealing decisively with anyone involved in hoarding petroleum products”.

Lalasticlala

ABUJA – Minister of State for Petroleum, Mr. Ibe Kachikwu, Wednesday, defended the jerking up of pump price of Premium Motor Spirit, PMS, also known as fuel by the federal government from N86:50 to N145, saying that it was the only way out of the exorbitant prices of N150 to N250 Nigerians were subjected to at many filling stations across the country.

He however stated that government had articulated many social protection programmes in the 2016 budget to cushion the effect the hike may have on Nigerians. Rising from a meeting chaired by Vice President, Yemi Osinabjo which also had other various stakeholders including the Leadership of the Senate, House of Representatives, Nigerian Governors Forum, and Labour Unions (NLC, TUC, NUPENG, and PENGASSAN), at the Aguda House, official residence of the Vice President, Kachikwu noted that “the reason for the current problem is the inability of importers of petroleum products to source foreign exchange at the official rate due to the massive decline of foreign exchange earnings of the federal government. As a result, private marketers have been unable to meet their approximate 50% portion of total national supply of PMS.”

The minister who briefed the State House Correspondents on the resolution of the meeting said that to wet the country with fuel, any Nigerian entity was now free to import the product, subject to existing quality specifications and other guidelines issued by Regulatory Agencies. Contents of the briefing ran thus: “We have just finished a meeting of various stakeholders presided over by His Excellency, the Vice President of the Federal Republic of Nigeria.

“The meeting had in attendance the Leadership of the Senate, House of Representatives, Governors Forum, and Labour Unions (NLC, TUC, NUPENG, and PENGASSAN). The meeting reviewed: “The current fuel scarcity and supply difficulties in the country. “The exorbitant prices being paid by Nigerians for the product.

These prices range on the average from N150 to N250 per litre currently. “The meeting also noted that the main reason for the current problem is the inability of importers of petroleum products to source foreign exchange at the official rate due to the massive decline of foreign exchange earnings of the federal government. As a result, private marketers have been unable to meet their approximate 50% portion of total national supply of PMS.

“Following a detailed presentation by the Honorable Minister of State for Petroleum Resources, it has now become obvious that the only option and course of action now open to the government is to take the following decisions: “In order to increase and stabilise the supply of the product, any Nigerian entity is now free to import the product, subject to existing quality specifications and other guidelines issued by Regulatory Agencies. “All Oil Marketers will be allowed to import PMS on the basis of FOREX procured from secondary sources and accordingly PPPRA template will reflect this in the pricing of the product. “Pursuant to this, PPPRA has informed me that it will be announcing a new price band effective today, 11th May, 2016 and that the new price for PMS will not be above N145 per litre.

“We expect that this new policy will lead to improved supply and competition and eventually drive down pump prices, as we have experienced with diesel. In addition, this will also lead to increased product availability and encourage investments in refineries and other parts of the downstream sector. It will also prevent diversion of petroleum products and set a stable environment for the downstream sector in Nigeria.

“We share the pains of Nigerians but, as we have constantly said, the inherited difficulties of the past and the challenges of the current times imply that we must take difficult decisions on these sorts of critical national issues. Along with this decision, the federal government has in the 2016 budget made an unprecedented social protection provision to cushion the current challenges. “We believe in the long term, that improved supply and competition will drive down prices.

The DPR and PPPRA have been mandated to ensure strict regulatory compliance including dealing decisively with anyone involved in hoarding petroleum products.

Lalasticlala

Abuja – The Economic and Financial Crimes Commission is currently quizzing three key Peoples Demorcatic Party officials over their involvement in the receipt and sharing of the N24 billion payout by former Petroleum Minister, Diezani Alison-Madueke ahead of last year’s presidential election.

EFCC operatives Those being questioned are former Cross River Governor, Senator Lyel Imoke, whose state chairman of the PDP, Ntifam John Okon received N500 million from Fidelity Bank, former Deputy Governor of Edo State, Chief Lucky Imasuen and former Secretary to the State Government of Edo State, Pastor Osagie Ize Iyamu, whose chapter of the PDP got N700 million from the huge cash.

A source said the top politicians are cooperating with operatives in the investigation.

Lalasticlala

A Customary Court at Igando, near Lagos on Wednesday dissolved the marriage of one Ganiyat Falana, 37, because of adultery. Ganiyat and Dare Falana were until the dissolution of the union, married for 15 years. 

Delivering judgment, the President of the court, Mr Adegboyega Omilola, said he was convinced that the couple could no longer live together as the petitioner had insisted on divorce after several interventions. “The court has no choice than to dissolve the union; in spite of the fact that the wife still claims she loves her husband.

“The court pronounced the marriage between Dare Falana and Ganiyat Falana dissolved today, both parties, henceforth; cease to be husband and wife,” Omilola ruled. Dare, 40, a businessman, had approached the court, seeking the dissolution of the marriage because of infidelity and threats to his life. The estranged man, who described his wife as adulterous, claimed to have caught her with a man friend in his room chatting and eating. 

“I came back home to pick something in the morning and I met my wife with her lover inside our room eating food bought from an eatery. 

“My wife is always threatening my life with dangerous weapons as she chased me with knife in our street to stab me. “She is a good fighter. Her hobby is fighting. I have on at least five occasions bailed her at the police station. 

“She fights with friends, neighbours, even in the church and I had to leave that church for her because of this shameful act,” said Dare. Ganiyat, however, described Dare as fetish, claiming that he had killed the foetus in her womb. 

“He gave me Suya to eat when I was eight months pregnant and the baby in my womb started to breath faster, I rushed to the hospital but delivered a still birth,” she said. Ganiyat, a mother of three, who did not object to the dissolution, told court that her husband was fetish. “I saw my bra inside my husband’s brief case, I queried him but he said he wanted to take it to his church for prayers. 

“He also brought a handkerchief home and gave it to me to clean my private part and return to him but I refused. “He has been bringing home different types of soup and other liquids for me to drink which I also refused because I do not trust him.” 

“Apart from his fetish nature, he has also turned me to a punching bag.’’ She said that her husband had always blamed her for his predicaments.

johnson232:
since u know nigeria is looking for people to fight boko haram, what are u waiting for?

winkmart:
importexpert are you always online...You always be the 1st to view my posts....or its automated?

ademoladeji:
Aghgreeeeeeeeeeeeeeeeeeeeek

Beebee0oh! There's faya on the mountain

ABUJA- President Muhammadu Buhari has congratulated elder statesman and former Head of the Interim National Government, Chief Ernest Shonekan on his 80th birthday. In a statement by his senior special assistant on media and publicity, Mallam Garba Shehu on Monday, president Buhari hailed Shonekan’s contributions to national development and unity of the country, saying he would sustain same.

The statement read in part: “On this special occasion, President Buhari commends his immense contribution to national peace and development which he has exemplified as an accomplished administrator, astute businessman and patriot.

“The President believes that the historic role played by the octogenarian in forging and maintaining the unity of Nigeria will continue to endear him to many.

“He assured that his administration would continue look forward to his fatherly counsel and advice on how to move the nation forward.

“President Buhari prays that God Almighty will grant Chief Shonekan more years of good health and happiness to see the Nigeria of our dreams”.

Lalasticlala

ademoladeji:
Following you like MTN...

iKarma:
Is shell part of the administration? Or are you just mad your plan to start war in the SS didn't work?