₦airaland Forum

MadamExcellency:
Who taught you that?

chino11:
With this Tinubu is gone for good..he has been caged effectively! Buhari is too harsh!

Mogidi:
Tinubu tried to impose his puppet in Senate it failed.
He tried in HOR he failed
He tried rubbishing Fashola, that seems to be failing as well.

Some one is going to have heart attack soon.

Robchuks77:
Guy abeg no jut dey comment... Your empty reasoning dey marvel me

Father4all:
It's too dangerous oo. Many landlord's won't accept it in their houses

JpBiz92:
what is the motive behind the employment of bias?

JpBiz92:
what is the motive behind the employment of bias?

Oil marketers are currently converting some of their trucks to start supplying gas to filling stations in order to dispense Compressed Natural Gas to vehicles that run on gas.

It was gathered on Thursday that about 800 tankers that formerly transported petrol to filling stations, were being converted by marketers to start moving gas to retail outlets.

The marketers also told our correspondent that they were now collocating CNG dispensing pumps in selected filling stations that dispensed Premium Motor Spirit, popularly called petrol.

They stated that the move gained momentum after the halt in PMS subsidy by the Federal Government, following the announcement by President Bola Tinubu, on May 29, 2023, that ‘subsidy is gone’.

The Federal Government had been pushing for the use of CNG by motorists, as against the widespread consumption of PMS. Gas, according to operators, was not only cheaper than subsidised petrol but was cleaner and very abundant in Nigeria.

The National President, Independent Petroleum Marketers Association of Nigeria, Chinedu Okonkwo, said, “Some of my members have started signing up to dispense gas at their stations, as well as the collocation of gas in their outlets. One of the major independent marketers has given over 500 of his trailers for conversion to transport gas to filling stations.”

He, however, pleaded not to name the owners of the stations, explaining that the dealers would not want to have their names in print at the moment, in order not to expose their businesses.

Explaining further, he said, “There are some new tankers too, over 300 of them have also indicated interest to have CNG (Compressed Natural Gas) trucks. These trucks are to serve filling stations that would be dispensing gas to vehicles.

“What we will do is collocate the gas dispensing plants in a plug-and-play model with existing filling stations. That is the beauty of it and that is why IPMAN is very keen on this project because there is no Local Government or ward in Nigeria today that you won’t see my members.

“We control over 80 per cent of the downstream oil sector. So it is an advantage for us. For if you are to build new gas or CNG stations, it will take a huge cost. But this collocation model has helped to reduce the exposure in terms of building new stations.”

The push for the conversion to gas usage in vehicles further gained traction on Wednesday when the Depot and Petroleum Products Marketers Association of Nigeria met with Tinubu at the State House and promised to provide 100 units of CNG/diesel-powered, 50-seater buses to ease mobility among the most vulnerable citizens.


The Managing Director, North-West Petroleum & Gas Company Limited, Winifred Akpani, who spoke for the group, had revealed at the meeting that the new locally-manufactured buses would cost N100m each and would run on gas.

Meanwhile, the IPMAN president also told our correspondent that marketers were being asked to pay additional amounts for petrol that was not supplied to them before subsidy on the commodity was removed.

He said the Nigerian National Petroleum Company Limited, the sole importer of the commodity, had asked oil marketers to make the payment, adding that the extra cost was between N13m and N14m.

According to him, “The other thing that is of concern to my members is that some of them paid for products over three months ago and have not loaded these products. And when the NNPC changed the cost of PMS recently, it is asking them to bring extra N14m or N13m; that is a problem.

“They (marketers) are saying that the NNPC should provide the products that were paid for before the price was increased. That is the challenge I have now. Some of these marketers were on the verge of loading before the price was increased.”

“But NNPC said everybody has to pay the new price because the product has not entered the trucks of those who paid the old rate. I have pleaded with the Vice President of NNPC to see what the company can do.”

The Group Chief Executive Officer, NNPCL, Mele Kyari, reacted to this during a recent television interview, where he stated that “the immediate adjustment is typical anytime there is a price adjustment, even for other commodities in the market.

“For instance, if you buy tomatoes today and the price changes, a businessman will sell the old stock at the new price. This is the reality of the market and it applies to every commodity and not just petrol.

“It also could have been the other way round, prices could have collapsed downwards and those holding the stock will have to sell at lower prices to arrive at the market condition.”

Kyari insisted that it was “really nothing strange,” adding that “it is a stock management issue and is very typical and no one can do anything about this.”

Reinaldo:
He can only be jealous of Peter Obi

SsweetAnn:
Propane gas is 690 per kg, pms is 515. Why wasting extral 175? The guy needs some education.

floret23:
Double standard for elections conducted the same day. If you support this fraud of an election, you are fraudster like Mahmud Yakubu and a criminal like Tinubu. Your conscience is dead and your soul is lost

Ceejay222:
Senator Enyinnaya Abaribe, a former Minority Leader in the Senate, has alleged that some elements in the democratic setup deliberately manipulated the just-concluded presidential results to sway victory for their favoured candidate, blaming it on the so-called glitches.

Speaking in Umuahia on Wednesday, Abaribe maintained that the Bimodal Voter Accreditation System (BVAS) of the Independent National Electoral Commission (INEC) was either switched off or that the wrong code was given by some anti-democratic elements as the election was ongoing.

He explained that the Senate enacted a beautiful law that ought to be fraud-proof in terms of putting in place a technology-based system whose aim is to give the people their choice candidates as winners, but regretted that in their good intentions of giving the country the best, the lawmakers did not consider that some evil forces would compromise the system.

We trusted INEC to do the job. We had the best intentions in making the law, but we didn’t consider the fact that INEC will behave the way it did. Somebody deliberately switched off the system for the presidential election, leaving the Senate and House of Reps. INEC says it doesn’t know what happened, that it was a glitch, but they declared the wrong results. Surprisingly, nobody has been arrested till and punished today,” he lamented.

source: Daily Independent

finestedim:
H.E Peter Obi was my preferred choice as former President Buhari's successor, not because of religious or tribal sentiments, but because I felt he was the best man for the job; bearing in mind the hardship and woes the APC has inflicted on Nigerian, as well as a lesser evil compared to other candidates who contested against him.

The outcome of the election was not what most Nigerians, especially the youths expected as Sen. Bola Ahmed Tinubu was declared winner of the 2023 presidential election.

Holybwoy:
Commission in the dictionary means to announce the start or kickoff of a project.

Third mainland bridge has not being commissioned yet and I totally understand as failure General Buhari handled it as well as Nigerian air.

Dangote is a private consortium and built his refinery with only 20% of government intervention fund that Emefiele claims has been paid back sef before refinery has yet to produce a roasted corn of petrol and diesel.

Did Dangote allow Buhari to use his head and reputation to play politics?
What happened behind the scene?

Who has Dangote's number?

There are several questions to ask him. The hopes of a nation are pinned on him.

Anambralstson:
Ibeto Cement Company Limited has announced a historic reverse merger through its acquisition of Century Petroleum Corporation, a United States (U.S.) publicly-traded petroleum exploration and production company.A statement by the firm stated that it had acquired 70 per cent control of Century Petroleum Corporation resulting in the reverse merging of Ibeto Cement’s assets into Century Petroleum.

By this reverse merger, which is expected to be sealed and publicly presented in 90 days, Ibeto Cement will achieve the historic milestone of being the first Nigerian firm to be listed in the U.S. Stock Exchange. Dr. Cletus M. Ibeto, who had already taken over as Chairman of the Board of Directors, said: “It has been a long journey since I have been in business and none of our companies or businesses has gone public so far. In line with our collective dreams to place Nigeria in its rightful place in the comity of nations, we had to come up with a strategy to build a formidable structure for companies that will outlive me.”
He lauded stakeholders in the historic merger, including the government, shareholders, investors, and the larger Nigerian society for this landmark development, which will improve the level of actualisation of the huge cement business opportunities around Africa.

“Everybody knows that Ibeto Group has billions of dollar investments in Nigeria; but the time has come to replicate the successes we have enjoyed in Africa and globally. Century Petroleum Corporation is the vehicle for using our wealth of experience for the benefit of people within and beyond Africa.

“We will use it as a catalyst of empowerment for all Nigerians the world over as the company’s shares will be traded internationally,” he further said.Meanwhile, analysts believe that as chairman of the new global entity, Ibeto’s success record and vast experience in weathering the storms and growing businesses from scratch in developing economies will aid the actualisation of Nigeria’s potential of exporting cement to other sub-Saharan African countries.

Ibeto Cement Company Limited, located in BunduAma, Port Harcourt, Rivers State, began cement bagging operations at its bagging terminal in Port Harcourt in 2005. It is an ultra-modern bagging plant with a flat-storage capacity of 50,000 metric tonnes and a production capacity of 1,500,000 metric tonnes yearly, which translates to a production capacity of 4,000+ metric tonnes per day.

And in line with the Nigerian Backward Integration Policy (BIP) on cement and in response to the Federal Government’s call to increase local production of cement, Ibeto Cement Company Limited acquired the premier Nigeria Cement Company Limited (Nigercem), which has a plant located in Nkalagu, Ebonyi State. The strategic acquisition of Nigercem is aimed at expediting Ibeto Cement’s local production of cement by resuscitating the Nigercem plant and developing the project as a brand new dry process plant. The Company is also developing another 6,000 metric tonnes per day cement plant at Cross River State/Abia State of Nigeria.
https://t.guardian.ng/news/ibeto-cement-firm-reverses-merger-decision-set-for-listing-in-u-s/
Lalasticlala

DMerciful:
Obi's private call was doctored to mean a religious war and leaked and many uninformed people were calling for his arrest even though it was supposed to be a private call.

BossGerald:
You're the one wailing and derailing this thread...you want to shift people's attention from the topic abi??

When will you go to the fuel station with your APC card and buy fuel #45??