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Shocking Changes in Petrol Pricing: NNPC Releases New Breakdown of Costs from Dangote Refinery

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Shocking Changes in Petrol Pricing: NNPC Releases New Breakdown of Costs from Dangote Refinery....KINDLY READ THE FULL STORY HERE▶

The Nigeria National Petroleum Company Limited (NNPC) has unveiled a revised breakdown of petrol prices sourced from the Dangote refinery. This update, announced on September 15, 2024, reveals significant insights into the costs associated with Premium Motor Spirit (PMS), commonly known as petrol.

In a statement released Monday morning, NNPC provided a detailed chart outlining the estimated prices for petrol acquired from the Dangote refinery. The oil giant confirmed that transactions for September 2024 petrol will be conducted in United States dollars, with local currency transactions set to begin on October 1, 2024.

The NNPC stated, “The estimated prices are based on negotiated terms between NNPC Ltd. and Dangote Refinery which recognize the current international gasoline prices and the prevailing foreign exchange rate in line with the provisions of the Petroleum Industry Act (PIA) 2021.”

The revised breakdown indicates that the price per litre of petrol will vary across different states. For example, the NNPC has announced that petrol will be sold at N1,019 per litre in Borno and N950 in Lagos. Notably, the NNPC reassured the public that any discounts from the Dangote refinery would be fully passed on to consumers.

While the overall estimated prices remain unchanged, the specifics of the transaction fees with the Dangote refinery have undergone significant alterations.

Initially, the first press release indicated a Nigerian Midstream and Downstream Petroleum Regulatory Authority fee of ₦8.99. However, in the second statement, this fee was reduced to ₦4.495. Furthermore, the inspection fee initially stated as ₦0.97, along with a margin fee of ₦26.48, was removed altogether in the revised report.

Additionally, the distribution fee was altered from ₦15 to ₦42.45, and a new Midstream and Gas Infrastructure Fund fee of ₦4.495 was introduced.

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Security Breach: Osun Accord Party Chairman Critically Injured After Vicious Late-Night Attack

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Asimiyu Ajibola, the Accord Party (AP) Chairman for Osogbo Local Government Area in Osun State, is fighting for his life following a targeted shooting on Wednesday night in Osogbo.....KINDLY READ THE FULL STORY HERE▶

Ajibola, widely known as Baba Isila, was ambushed along with his associates around 9:50 pm near the Community Bank in the MDS area. Eyewitnesses reported that suspected gunmen opened fire on a blue Toyota Corolla carrying Ajibola and his friends.

One occupant of the vehicle described the terrifying ordeal, stating that the attackers chased their car while firing repeatedly. They managed to drive to the Dugbe Divisional Police Headquarters for refuge, after which the assailants fled the scene.

Ajibola sustained severe injuries in the attack and was immediately rushed to the UNIOSUN Teaching Hospital, Osogbo, where he remains in critical condition.

The Osun State Commissioner for Information and Public Enlightenment, Kolapo Alimi, strongly condemned the violence and demanded a swift, thorough investigation. He stressed that the attack appeared to have political undertones and urged the police to act professionally and impartially to bring the perpetrators to justice.

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“Your Anger Is Misplaced!”: Oby Ezekwesili Exposes The Danger Of Shifting Accountability.to Pastor Adeboye

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Former Minister of Education, Obiageli Ezekwesili, has called on Nigerians to stop targeting the general overseer of the Redeemed Christian Church of God (RCCG), Enoch Adeboye, with their frustrations regarding the state of the nation. She contends that the clergyman is being incorrectly singled out and is not to blame for Nigeria’s current difficulties.....KINDLY READ THE FULL STORY HERE▶

Ezekwesili emphasized the following points in her statement:

  • She characterized Adeboye as a humble servant of God who has spent his life advocating for peace and national development.

  • While acknowledging that many Nigerians want religious leaders to be more vocal in demanding government accountability, she maintained that Adeboye has consistently offered prayers and spoken up for the nation.

  • She explained that long-standing issues—such as systemic corruption, economic hardship, and insecurity—have left Nigerians exhausted and deeply distrustful of politicians, institutions, and influential figures.

  • She warned that the country has a tendency to prioritize less significant issues rather than addressing urgent national crises.

  • Ezekwesili noted that while Adeboye typically responds to criticism with “dignified silence,” she felt compelled to speak publicly to refocus attention on the “urgency of this moment” and the core issue: the need for religious leaders to help rescue the nation from “ineffectual, corrupt, and selfish politicians”.

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Power And Protest: Aso Villa Under Guard As Nation Demands Answers For Captive Pupils And Teachers.

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Early Thursday morning, heightened security measures were implemented around the Presidential Villa in Abuja in anticipation of a protest regarding the continued abduction of students and teachers by terrorists. A wide array of security forces—including the military, police, the Department of State Services (DSS), the Nigeria Security and Civil Defence Corps (NSCDC), the Nigeria Immigration Service (NIS), and the Vigilante Group of Nigeria—were stationed at key locations.....KINDLY READ THE FULL STORY HERE▶

The security operation led to significant disruptions, including:

  • Checkpoints and barricades were established on major roads leading to the Villa, restricting both vehicular and pedestrian traffic.

  • Many employees were unable to reach their workplaces due to these movement restrictions.

  • Heavy traffic congestion occurred along the corridors of the Supreme Court, the National Assembly, and the Federal Secretariat, leaving many commuters stranded and forcing others to find alternative routes.

The demonstration, organized by human rights activist and African Action Congress presidential candidate Omoyele Sowore alongside the Take It Back Movement, was planned to begin at Eagle Square before moving toward the Presidential Villa. The primary goal of the protest is to demand the immediate release of all victims kidnapped nationwide. Furthermore, organizers have called for President Bola Tinubu to either ensure the safety and release of the captives or resign, citing a perceived failure of the government to protect citizens. This protest reflects growing public outcry regarding the frequency of school attacks and kidnappings, as well as a broader demand for increased accountability and improved security across Nigeria.

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