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NNPC Confirms Petrol Prices for September 2024: Dollar Payments to Dangote Refinery Revealed

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NNPC Confirms Petrol Prices for September 2024: Dollar Payments to Dangote Refinery Revealed....KINDLY READ THE FULL STORY HERE▶

The Nigerian National Petroleum Company (NNPC) Limited has officially announced the estimated prices of Premium Motor Spirit (PMS), also known as petrol, for September 2024. These prices apply to petrol sourced from the Dangote Refinery and sold at NNPC retail stations across Nigeria.

In a statement issued by the Chief Corporate Communications Officer, Olufemi Soneye, on Monday, the company revealed that PMS prices would vary based on location, with the pricing structure reflecting the current market dynamics. Notably, these prices are not set by the government, but are the result of negotiations between parties, in accordance with the Petroleum Industry Act (PIA).

NNPC Purchases Petrol at N898 per Litre from Dangote Refinery

On Sunday, the NNPC disclosed it had purchased petrol from the Dangote Refinery at a price of N898 per litre, dismissing earlier reports that suggested a lower price of N760. According to the statement, the company began receiving petrol shipments from Dangote Refinery on Sunday, with around 300 trucks dispatched to the refinery’s 650,000-barrel-per-day facility in Lagos the day before.

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Soneye emphasized that this transaction reflects the company’s commitment to transparent market practices, stressing that PMS prices are negotiated at arm’s length between the buyer and the seller, as stipulated under Section 206 (1) of the PIA.

Dangote Group’s Response to NNPC’s Claim

Despite NNPC’s announcement, Dangote Group’s Chief Branding and Communications Officer, Anthony Chiejina, criticized the company’s statement, calling the claim that petrol was purchased at N898 per litre “misleading and mischievous.” This disagreement highlights potential discrepancies in the reported pricing and creates uncertainty regarding the final cost at retail stations.

Petrol Prices Across Nigeria

Based on Dangote Refinery’s September 2024 PMS pricing, the estimated pump prices for petrol across various regions are as follows:

  • Sokoto, Kano, Kaduna, and the Federal Capital Territory (FCT): N999.22 per litre
  • Borno State: N1,019.22 per litre
  • Lagos State: N950.22 per litre
  • Oyo State: N960.22 per litre
  • Rivers and Imo States: N980.22 per litre
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Katsina State is currently facing supply challenges, according to the company.

Dollar Payments and Future Naira Transactions

In addition to the pricing details, the NNPC confirmed that payments for the September 2024 petrol offtake from Dangote Refinery were made in U.S. dollars. This aligns with the terms of the agreement between both parties. However, Soneye also noted that from October 1, 2024, the NNPC will transition to making payments in Naira for future transactions.

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“This Will Happen In Seven Days” – Oyedepo Issues Bold Prophecy On Insecurity Sponsors

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According to Nivo News, the General Overseer of the Living Faith Church Worldwide, Bishop David Oyedepo, has declared what he described as divine judgment on bandits and their alleged sponsors responsible for insecurity across parts of Nigeria.....KINDLY READ THE FULL STORY HERE▶

Speaking on Sunday at the church’s headquarters in Ota, Ogun State, during a sermon themed “Covenant Day of Vengeance,” Oyedepo stated that those behind killings, kidnappings, and violent attacks would face divine retribution. He further claimed that within the next seven days, consequences would begin to manifest against those he accused of fueling unrest in the country, assuring worshippers that the coming week would be marked by “testimonies of vengeance.”

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He was quoted as saying that judgment had been pronounced on individuals responsible for such acts and their supporters, adding that the outcome he referenced would unfold within a week.

In a related remark during a recent midweek service, Oyedepo also acknowledged the presence of fraudsters within and outside religious spaces, warning that his identity and images were being exploited for fraudulent schemes. He urged members of his congregation to remain vigilant and committed to truth to avoid falling victim to scams involving impersonation.

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He recounted a case where an individual allegedly posed as him in an attempt to defraud unsuspecting victims, noting that such incidents highlight the growing sophistication of fraudulent activities.

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Wadada Endorsement Divides APC As Power Struggle Intensifies In Nasarawa.

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A political disagreement has emerged within the All Progressives Congress (APC) in Nasarawa State following Governor Abdullahi Sule’s reported endorsement of Senator Aliyu Wadada as his preferred successor ahead of the 2027 governorship election.....KINDLY READ THE FULL STORY HERE▶

According to Nivo News, the move has sparked tension between the governor and his predecessor, Umar Tanko Al-Makura, who faulted the decision, describing it as premature and not properly consulted within party structures.

Al-Makura, a prominent figure in the state’s political landscape, expressed displeasure that he only became aware of the endorsement through media reports. He argued that the decision should have involved wider consultation, warning that such early endorsements could undermine internal party processes.

He further noted that the APC had not begun its formal nomination process, insisting that declaring support for a candidate at this stage was inappropriate and ahead of schedule.

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The controversy was further heightened by former Inspector-General of Police, Muhammad Adamu, who is also aspiring for the APC governorship ticket. He rejected the endorsement, stating that no individual has the authority to impose a candidate, and reaffirmed his intention to contest in the party primaries.

In response, Governor Sule, through his media aide, defended the endorsement, stating that it was consistent with political traditions in the state. He referenced past succession arrangements, including Al-Makura’s own endorsement of him, arguing that the current process was in line with established practice but being conducted more transparently.

The governor’s camp clarified that Senator Wadada remains a preferred aspirant and not the party’s official candidate.

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Senator Wadada, reacting to the development, called for calm among party members, describing the situation as part of normal political competition. He also downplayed tensions with other aspirants, noting that the contest should be seen as a democratic process.

Meanwhile, support for Adamu continues to grow in parts of Nasarawa South, where youths, women, and stakeholders have openly backed his ambition, alongside broader endorsements for President Bola Ahmed Tinubu’s re-election bid.

Adamu, however, maintained that he remains firmly in the race, accusing some political actors of inconsistency in the unfolding succession dynamics.

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Sultan Fires Back At CAN Over Chapel Invitation Row, Releases “Proof”.

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The Sultan of Sokoto, Muhammadu Sa’ad Abubakar, has described as unnecessary the denial issued by the Christian Association of Nigeria (CAN) regarding an invitation allegedly extended to him for the groundbreaking ceremony of an ecumenical chapel at the Nnamdi Azikiwe International Airport, Abuja.....KINDLY READ THE FULL STORY HERE▶

According to Nivo News, the Sultan’s media team maintained that an official invitation was duly sent to His Eminence requesting his attendance as Royal Father of the Day. The statement explained that the event also listed key dignitaries, including the Senate President, Godswill Akpabio, as Distinguished Guest of Honour, and Senator Oluremi Tinubu as Mother of the Day.

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The Sultan’s office emphasised that his participation in the proposed Christian event would promote interfaith harmony, noting his role as Co-Chairman of the Nigerian Inter-Religious Council (NIREC). It added that globally, religious leaders often engage in events outside their faith traditions as part of efforts to encourage unity and peaceful coexistence.

The response follows an earlier clarification from CAN, which denied issuing any invitation to the Sultan and stated that the document circulating in public was not from the association. CAN further explained that the communication in question originated from the Office of the Secretary to the Government of the Federation (SGF) and insisted that it had no involvement in inviting the Sultan to the event.

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While acknowledging that the SGF’s office was linked to the invitation process, the Sultan’s media team expressed concern over CAN’s denial, describing it as unnecessary and capable of creating misunderstanding, especially since the Sultan did not request to attend the ceremony.

The statement also urged religious bodies to focus on messages that strengthen unity and promote peaceful coexistence among Nigerians of different faiths and ethnic backgrounds.

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