₦airaland Forum

He didn't launch the NPF Microfinance Bank. That bank has existed for a long time. He launched an application.

PPRA Press Release On Petrol Price Guidelines.
https://www.nairaland.com/6456418/ppra-press-release-petrol-guiding

PPPRA @PPPRAtweets

PRESS RELEASE ON PMS GUIDING PRICE

PRESS RELEASE

The attention of the Petroleum Products Pricing Regulatory Agency (PPPRA) has been drawn to speculations about the increased pump price of PMS.

The PPPRA by this release wishes to state clearly that the Guiding Prices posted on our website was only indicative of current market trends and do not translate to any increase in pump price of PMS. However, publications by the media to this effect have been misconstrued and thus misleading.

The Agency wishes to remind the general public of the introduction of the Market-Based Pricing Regime for PMS Regulation 2020 as gazetted by the Federal Government. Based on this regulation, prices are expected to be determined by market realities in line with the dictates of market forces.

One of the conditions for the implementation of the Market-Based Pricing Regime for PMS Regulation 2020 is the monthly release of Guiding Price to reflect current market fundamentals.

The PPPRA in line with its mandate to maintain constant surveillance over all key indices relevant to pricing policy, monitors market trends on a daily basis to determine Guiding Prices.
The Agency is not unaware of the challenges with the supply of PMS due to some concerns leading NNPC to be the sole importer of PMS. PPPRA is also mindful of the current discussion going on between the government and the Organised Labour on the deregulation policy. While consultation with relevant stakeholders is ongoing, PPPRA does not fix or announce prices and therefore there is no price increase. The current PMS price is being maintained while consultations are being concluded.

Even though market fundamentals for PMS in the past few months indicated upward price trends, the pump price has remained the same and we are currently monitoring the situation across retail outlets nationwide.

While assuring the public of adequate products supply as the average PMS Day-Sufficiency as of March 11, 2021 is over 35 days, the PPPRA pledges to continue to perform its statutory function in ensuring that the downstream sector remains vibrant as well as support both government and members of the public.

Signed
Abdulkadir Saidu Executive Secretary 12/03/2021

https://twitter.com/PPPRAtweets/status/1370357686114660356?s=19

I wish I had posted reactions. The reactions are even more interesting.

zero007:
So why are petrol station selling for 212.13, this morning.

There is total and utter confusion. Some are selling at 212 and some are selling at 168.

Check out the statement that the NNPC released! Just a single sentence with no explanation. People can't even find the PPRA handle!

This is going to be very interesting.

NNPC Group @NNPCgroup

JUST IN:

#NNPC Insists No Increase in Ex-Depot Price of PMS in March

https://mobile.twitter.com/NNPCgroup/status/1370284440979660802

That's the old BBC conundrum. There was a time that the BBC refused to use the word "terrorist" because one man's terrorist is another man's freedom fighter.

theFilmtric:
lol why censor it?

theFilmtricsay

Maxymilliano:
Is Seun indirectly equating the name President Buhari to dullard ?

That occurred when the admin was trying to introduce some decorum into the forum.


Jonathan became Jonathan

Abokis became Northerner

President Buhari became President Buhari

Igbo became Igbo

Yoruba became Yoruba

Southwest became Southwest

Etc.


(If you want to know the words that I typed, you'll need to click "quote" and then read them before submitting the post).

Raalsalghul:
I doubt such happens, not in this era of "Me too" and "Cancel culture".

What brought the "Me Too" movement to social media? Harvey Weinstein. He is a Hollywood producer.


That was just 4 years ago.