Fuel queues to end soon, says NMDPRA – Newstrends
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Fuel queues to end soon, says NMDPRA

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The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday said the queues at filling stations will soon disappear as marketers commence massive loading of petrol.

The Chief Executive Officer Farouk Ahmed spoke while leading a delegation of the Authority on a stock monitoring exercise within depots in Lagos.

The delegation visited the NIPCO, Total, Aiteo, OVH, Conoil, 11 Plc and HOGL depots in Apapa.

Farouk said: “I am comfortable with the load-out of petrol across the depots.
“The current distribution of petrol across the nation will address the issue of tightness in the market.”

The NMDPRA boss said all depots in Apapa had products and were loading massively to Lagos, Abuja, Port Harcourt and other states.

He said three vessels were also discharging petrol at Apapa jetty to depots.

Farouk urged Nigerians to avoid panic buying.

According to him, the Nigerian National Petroleum Company Ltd (NNPCL) stock report shows that there is enough product.

Managing Director of NIPCO Plc, Mr Suresh Kumar, said the company had about 28 million litres in stock and has commenced loading to all NIPCO stations.

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”We are expecting two more vessels to come. This will increase our stock capacity to 55 million litres,” he said.

Also, 11 Plc is loading 100 trucks of petrol daily with nine million in stock, while Aiteo is loading 126 trucks daily with 20 million litres of stock capacity.

TotalEnergies loads 100 trucks daily with 65 million litres of stock, and OVH is loading 70 trucks with over 10 million litres.

Also yesterday, the Lagos Satellite Depot Branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN), urged the Federal Government to ensure that all marketers are given a level playing ground to operate in the industry.

Chairman of the Lagos Satellite Depot, IPMAN, Mr. Akin Akinrinade, alleged that NNPCL of not meeting up the supply needs of marketers.

According to him, IPMAN members are now forced to buy the product from private depots at higher ex-depot prices.

He added that consultations are ongoing for the Association to take a position if the NNPCL does not arrange for IPMAN members to load petrol at the government price of N148.17 per litre within the next seven days.

“How do you explain the fact that major marketers and the NNPC retail outlets sell petrol at N170/litre and N169/litre at their stations, respectively, and still make a profit?

“Why is it impossible for the private depots to sell to IPMAN members at regulated prices since they get their supplies from the same source as major marketers?

“Nobody seems to be interrogating this obvious anomaly,” he said.

Flanked by other executive members of the Association, Akinrinade was categorical that his members have gotten to a point where they may boycott the depots “until the NNPC thinks it fit to arrange depots for us to load petrol at government approved price”.

Ex-depot petrol price soars to N235/litre

Private depots have increased the petrol price to N235 per litre.

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Besides, the regulator (NMDPRA) has not updated the sole importer – NNPCL – of PMS stock sufficiency record on its website since November 24.

The opaqueness is at variance with the transparency that the Federal Government and NNPCL prided themselves on when the Petroleum Industry Act (PIA) came into force last year.

Besides, the NNPCL spokesman, Malam Garba Deen Muhammad, has been unreachable since the prolonged petrol scarcity began as Nigerians groan.

He has also refused to reply to the text messages asking to explain why the petrol scarcity persists.

Similarly, the NMDPRA Head of Corporate Communications, Mr. Apollo Kimchi, has also not responded to our correspondent’s messages on the lingering scarcity.

IPMAN National Vice President, Alhaji Abubakar Maigandi, said the NNPCL’s distribution tactics had aggravated the dearth of the product.

According to him, NNPCL only supplies petrol to private depot owners and major marketers.

Maigandi said: “The scarcity is because of the way NNPC is distributing the product.

“They are only giving it to private depot owners and when they give private depot owners they sell it at a higher rate to independent petroleum marketers.

“Presently, marketers are buying this product at the rate of N235 per litre.

“Since the time NNPC said the fuel will be available before the festivity period till now we have not seen any change.”

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NURTW scribe felicitates Nigerians on Xmas, urges caution 

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NURTW scribe felicitates Nigerians on Xmas, urges caution 

 

The General Secretary of the National Union of Road Transport Workers (NURTW), Comrade Kayode Agbeyangi, has enjoined Nigerians to imbibe the virtues of peace, love and compassion as taught through the birth of Jesus Christ.

He stated this in his Christmas and end of the year goodwill message to felicitate members of the union and Nigerians in general.

Agbeyangi urged Nigerians to use the festive season to reflect on the values of love, compassion, and sacrifice that Jesus Christ embodied.

“This period is not for merry making alone; we should also spare time to reflect on the birth and life of Jesus Christ.

“His birth teaches humility, love compassion and sacrifice. As Nigerians, we must show love to our fellow county men. We must love our country. As Nigerians, we must be ready to make sacrifices for the nation.”

The NURTW scribe also used the opportunity to appeal to members of the union and other road users to always exercise caution and adhere to all safety protocols while travelling during the festive season.

“As we celebrate, let us not forget the importance of road safety. The roads can be treacherous, especially during the festive season.

“I urge our members and all road users to drive safely, avoid overspending, overtaking at dangerous bends and overloading, and be courteous to other road users,” he stated.

He also advised drivers that all their vehicle papers should be up to date to avoid embarrassment from law enforcement officers on the highways.

Comrade Agbeyangi prayed for a peaceful and joyous celebration, and wished members of the union and Nigerians, a happy prosperous New Year.

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Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam

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Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam

 

The Chief Imam of Lekki Central Mosque in Lagos, Ridwanullah Jamiu, has said the “Jesus Christ is Not God” banner placed on the fence of the mosque was not intended to provoke anybody. The banner became a source of controversy after a picture of it was shared on social media, with many calling it an…

The Chief Imam of Lekki Central Mosque in Lagos, Ridwanullah Jamiu, has said the “Jesus Christ is Not God” banner placed on the fence of the mosque was not intended to provoke anybody.

The banner became a source of controversy after a picture of it was shared on social media, with many calling it an attack on the Christian faith.

 

Addressing his congregation, Jamiu said the banner was displayed to educate Muslims.

 

He said, “When you come to Lekki Central Mosque, at least you should learn something. You pass by the banners outside, you look here and there, you learn something because Islam treasures knowledge.”

The Imam said all the banners displayed outside the mosque contain Quran and Hadith verses.

 

He said after a photo of one of the banners went viral, he “received calls from the government, local government, and area command appealing to us to please remove the banners because of the festive period.”

 

He said the display of the banners was not to provoke anyone, noting that there’s a difference between propagation of Islam and provocation.

 

“It was not placed there just yesterday. It has been there for about two months or thereabout. We are peace loving people, we don’t provoke anyone. We only propagate our name,” he said.

Jamiu further stated that nobody can monopolise Jesus because Muslims also have what they believe about him as backed by the Quran which calls him Isah.

 

“If you don’t believe in Jesus, you are not a Muslim. We are Muslims and anything we believe must be in consonant with the Quran and the Quran says Jesus Christ is not God, he’s a messenger of God. We quoted this verse in the banner. Is there anything wrong if we paste what we believe on our territory to educate our congregation? It’s a verse of the Quran. This is freedom of religion, freedom of speech,” he said.

 

On the removal of the banner, Jamiu said he received multiple calls ascribing the gesture as cowardice.

 

 

“It is not cowardice. We removed it to let peace reign, to obey our government because we are peace-loving people and also because we know it’s a festive period, people may think it was actually calculated to enrage others. We are going to modify it and put it back. We are not cowards,” he said.

 

The banner has since been replaced with another which says “A

llah is the lord of Jesus.”

 

Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam

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CBN fines bank found hoarding cash N150m

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CBN fines bank found hoarding cash N150m

The Central Bank of Nigeria (CBN) has imposed a N150 million fine on a commercial bank for failing to dispense cash through its Automated Teller Machines (ATMs).

This action follows an unannounced inspection by the apex bank, which uncovered deliberate cash hoarding and ATM manipulation by the erring bank.

Sources within the CBN revealed that the sanctioned bank was caught disabling its ATMs, thereby denying customers access to their funds while prioritizing cash disbursements to select VIP clients.

A staff member of the CBN stressed that the apex bank would not tolerate such practices.

“The Bank will not spare any Deposit Money Bank (DMB) caught in the act of hoarding cash or found favoring VIP customers over other customers,” the official stated.

To this end, the CBN has intensified spot checks on banks nationwide, exposing various illicit cash-handling practices by some unscrupulous financial institutions.

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For now, the CBN is imposing financial penalties on defaulting banks. However, according to the official, the next phase of enforcement will include publicly naming and shaming offending banks and prosecuting implicated bank officials.

“This fine is just the beginning. The CBN is determined to hold banks accountable for any actions that undermine public trust and the integrity of the banking system,” the official added.

Despite the ongoing challenges, the CBN has reiterated its commitment to promoting cashless banking in the country.

Another senior official disclosed that the apex bank’s management is intensifying efforts to encourage the use of electronic channels for transactions.

“The frustration faced by account holders is undermining our push for a cashless economy. We are doubling down on initiatives to restore public confidence in electronic banking solutions,” the official said.

CBN fines bank found hoarding cash N150m

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