Connect with us

Economy

Filling stations in Lafia still sell petrol at old price – NAN survey

Published

on

Filling stations in Lafia still sell petrol at old price – NAN survey

Filling Stations in Lafia, Nasarawa state are still selling petrol at the old price in spite of the downward review of ex-depot price of the product from N113. 28k per litre to N108. 00K by the Petroleum Products Marketing Company (PPMC).


A Correspondent of the News Agency of Nigeria , who visited some filling stations in Lafia on Saturday, reports that petrol still sells for N125.

The filling stations visited by NAN Correspondent include Sandaji, Total, Mobile, Shafa, Popsy and Nagoda filling stations all in Lafia.

NAN reports that the ex-depot price is the price at which the depot owners sell the products to independent marketers.

The marketers are then expected to sell the product above the purchased price, by about N9 per litre.

When contacted on the development, Abubakar Usman-Sandaji, Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in the state, explained that the reduction was in the price of petrol at the depot.

The IPMAN chairman, who is the owner of Sandaji filling station further said that the price reduction was in lifting petrol as being sold to private depot by Nigerian National Petroleum Corporation (NNPC) and not a reduction in the pump price.

According to him, most marketers prefer to buy at the private depots at a higher price due to the delay encountered in lifting the product at the NNPC depot.

“The petrol we are selling was bought at N113 per litre from private depots.

“So, when you add money for diesel, allowances for drivers, and other expenses, it would be around N120.

“So, we sell at N125 per litre to get a little profit to enable us pay our staff and maintain other facilities so as to continue to be in business,” the chairman added.

Usman-Sandaji urged the government to always consult widely with the marketers and other stakeholders before reducing the price of the product.

He then called for total deregulation of the sector, saying it was one of the major solutions to the perennial problems in the business of petroleum products in the country.

When contacted, Mr Abdulraham Mohammed, Operations Controller, Department of Petroleum Resources (DPR), Lafia Field Office, gave an assurance that the office would soon go round for enforcement of the new directive.

The controller explained that DPR’s   activities were being slowed down by the effects of the prevalence of the coronavirus pandemic, one of which, he said, is the directive by the government that staff from level 1-12 should work from home.

He, however, said that as from next week, the enforcement team would go out to ensure compliance with the new price regime provided by the government.

Mohammed, therefore, called on owners of filling stations in the state to always adhere to directives as they relate to the prices of petroleum products to avoid any face off. .

Edited By: Chinyere Nwachukwu/Emmanuel Yashim (NAN)

Sunday John: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Education

Gov. AbdulRazak constitutes visitation panels to Kwara Poly, Aviation College

Published

on


Gov. AbdulRahman AbdulRazaq of Kwara State has approved the constitution of visitation Panel for the Kwara State Polytechnic and International Aviation College, Ilorin.


In a statement, Hajiya Sa’adatu Modibbo-Kawu, Kwara Commissioner for Tertiary Education, Science and Technology said on Monday that the visitation panel will be chaired by Dr. Fatai Bello.

She stated that Bello was Country Representative of the Global Fund, a United Nations’ agency in Nigeria and former Council member of the University of Ilorin Teaching Hospital, Ilorin.

According to her, other members of the panel include Mr Suleiman Talban Lafiagi; AbdulGaniyu Sani, a Chartered Accountant/ forensic audit expert; Muyideen Aliyu, Rtd Director of SSS; Mrs. Yetunde Adekeye, former Principal, School of Midwifery; and Hajiya Asmau Yusuf Saka, Rtd Banker/Accountant.

She disclosed that the Assistant Director of the Kwara State Ministry of Tertiary Education, Science and Technology, Ayansola Justina, will act as the secretary of the visitation panel.

Kawu-Modibbo also said the governor has also accepted the appointment of Prof. AbdulGaniyu Alabi, former Dean, College of Engineering, Kwara State University (KWASU), as chairman of International Aviation College Visitation Panel.

She noted that other members of the visitation panel are: Mr AbdulFatai Olajide, Private Chartered Accountant and Auditor as member, and Mrs Christina Amudipe, a Primary Health Consultant ad member, among others.

Edited By: Felix Ajide (NAN)

 

 

Continue Reading

Economy

Nigerian Breweries earns N152bn revenue in 6 months

Published

on


Nigerian Breweries Plc  says it earned a revenue of N152 billion for the half-year (H1) ended June 30, 2020.


Mrs Sade Morgan, Corporate Affairs Director said this in a financial report on the company’s unaudited and provisional results sent to the Nigerian Stock Exchange (NSE) on Monday in Lagos.

A breakdown of the results showed that the revenue of N152 billion was a drop, compared to the N170 billion recorded in the corresponding period of 2019.

According to the report, the Company also made a N5.70 billion Profit after tax in the period under review.

“The half-year results for the 2020 financial year show a strong balance sheet for the Company despite several factors that negatively impacted on the Company’s operations, such as an increase in Excise Duty, a rise in inflation, an increase in VAT from 5 to 7.5 per cent, as well as the impact of the coronavirus (Covid-19) pandemic on businesses worldwide.

“Despite these challenges, the Company’s financial position shows stability and sustained profitability.

“To support the fight against the Covid-19 pandemic, the Company, during the period under review, made various donations in cash and kind valued at about N531 million out of a phased commitment of N600 million to the Federal and State Governments’ Covid-19 Relief Funds,” the statement said.

The Board of Directors commended the company’s management for its efforts to mitigate the impact of the pandemic on the business.

It also lauded the prudent management of its resources as reflected in a seven per cent reduction in expenses incurred on marketing, distribution, and administration.

“The Board expressed confidence that the Company is well-positioned to continue to deliver return on investment to Shareholders.

According to the Board, the Company’s priority during this period “remains ensuring the health, safety and welfare of employees, customers and partners”.

Edited By: Edith Bolokor/Oluwole Sogunle (NAN)

Continue Reading

Coronavirus

German government calls coronavirus protest in Berlin ‘unacceptable’

Published

on


The German government chastised thousands of people, who gathered in Berlin, at the weekend to protest coronavirus restrictions, as packed crowds in the capital stoked fears of a spike in infections.


“The scenes that we had to see at the weekend are unacceptable,’’ deputy government spokeswoman, Ulrike Demmer, told reporters on Monday.

“The behaviour of many demonstrators is in no way justified and exploits the great good of the freedom to demonstrate,’’ she added.

Demmer condemned “serious violations of the hygiene rules’’ as well as hate speech, noting also that protesters prevented journalists from doing their job.

She also urged people who joined the event to consider what it means to walk side-by-side with supporters of rightist ideologies and conspiracy theories.

The government official also criticised people, for not only risking their own health, but also the health of others.

Police said up to 17,000 people took part in a march against coronavirus restrictions in the capital on Saturday, with a subsequent rally attracting a crowd of some 20,000.

Because many participants were not keeping the required distance from one another or wearing masks, police broke up the event in the early evening.

The demonstration, billed as a “Day of Freedom”, was organised by “Querdenken 711” (Lateral Thinking 711), an initiative that has staged multiple protests against coronavirus rules.

Querdenken 711 has been linked to right-wing populist groups and conspiracy theorists.

“Day of Freedom” is also the title of Leni Riefenstahl’s 1935 Nazi propaganda film.

Saturday’s mass protest prompted debate on to what extent the right to protest should be restricted during the pandemic.

“Peaceful demonstrations are of course also very important in these very trying times,’’ Demmer said.

Justice Minister, Christine Lambrecht, stressed that rules must be followed at such events in order to limit coronavirus infections and so as not to endanger others.

“I have no understanding for demonstrators who arrogantly defy this,’’ Lambrecht was quoted by the Monday edition of the Sueddeutsche Zeitung newspaper as saying.

Armin Schuster, an expert for interior affairs in Chancellor Angela Merkel’s Christian Democrats (CDU), suggested banning mass demonstrations altogether.

Schuster said it would be appropriate “to permit such demonstrations only under far stricter constraints or not at all,’’ in comments to the Rheinische Post newspaper.

The protesters found support from the Alternative for Germany (AfD), a far-right party and the largest opposition force in parliament.

“I see no wrong behaviour,’’ AfD co-leader, Tino Chrupalla, told the ARD broadcaster, noting that people took to the streets peacefully to defend their civil rights.

“And that can only be welcomed.’’

Germany introduced sweeping restrictions in mid-March, most of which have been gradually lifted or eased since May.

Masks have since been made compulsory in shops and on public transport.

Testing is also being rolled out for holidaymakers and will in some cases be mandatory.

A spike in new cases has caused concern in recent weeks, after the number of infections reported daily stayed below 500 earlier last month, but rose to over 900 on Saturday, the day of the march and rally.

Early on Monday, the Robert Koch Institute (RKI) for disease control confirmed a latest daily rise of 509, bringing Germany’s total confirmed caseload so far to 210,402.

The government agency reported a total death toll of 9,148 while some 193,500 people are estimated to have recovered from the virus.

There have been some targeted lockdowns in Germany as regional outbreaks flare up.

On June 20 and 21, there were riots at a housing complex in the city of Goettingen after residents were ordered to stay in their homes for eight days.

On Monday, the Police said 36 people are facing criminal proceedings in connection with the violence.

AIB

Edited By: Abdulfatah Babatunde (NAN)

Continue Reading

Sport

Murray says players need assurance on quarantine issues before United States Open

Published

on


Players need assurance that they would not face mandatory quarantine upon returning to Europe from the United States Open before travelling to New York amid the COVID-19 pandemic.


Former world number one Andy Murray made this disclosure in an interview granted in London.

Organisers United States Tennis Association (USTA) will set up a strict bio-security “bubble’’ to minimise the risk of contracting the novel coronavirus during the Grand Slam.

The competition is due to be played from Aug. 31 to Sept. 13.

The Western & Southern Open, which was relocated from Cincinnati this year because of COVID-19, will also be held in New York from Aug. 20 to 28.

It will serve as a tune-up for the hard court Grand Slam.

Mandatory quarantine would rule out players’ participation in other ATP and WTA claycourt events scheduled in Europe before the French Open from the end of September.

The two major clay court events in the lead up to Roland Garros are in Madrid (Sept. 13 to Sept. 20) and Rome (Sept. 20 to Sept. 27).

While Spain does not require mandatory quarantine, Italy will need travelers to quarantine for 14 days if coming from the United States

The USTA has said the organisers are working with relevant authorities to resolve issues.

“My understanding is that it would be sorted before we go to the United States But things can change in the next 10 to 12 days,” Murray said.

“Hopefully before we leave, the players will have the assurances that, when they come back from the United States, they won’t have to quarantine for two weeks.

“If that is the case, and if you do well in the United States Open, you can’t just arrive on the Sunday before the French Open starts on the Monday. That’s not going to work.”

The United States has over 4.68 million confirmed cases of COVID-19 with more than 155,000 deaths.

Murray, a three-times Grand Slam winner, has not played competitively since November due to hip problems.

But he took part in some exhibition events recently with the professional circuit shut.

The 33-year-old said he was willing to take the travel “risk” as he missed playing in big events.

“(With)  the situation I’ve been in the last few years, I’ve not had opportunity to play in many Slams. I don’t know how many I’ll have left,” Murray said.

“So, while I’m feeling relatively decent … obviously there is a risk there. But I want to try and play in them and enjoy the biggest events again.”

(
Edited By: Olawale Alabi) (NAN)

Continue Reading

Contact US: editor @nnn.com.ng, nnnnews247 @gmail.com

COVID-19 Update in Nigeria – NCDC Coronavirus Records VIDEO: Hydroxychloroquine is a CURE for COVID-19, Dr Stella Immanuel insists Doctors suspend strike in Ondo Egypt, Ethiopia, Sudan resume talks on disputed dam UI vice-chancellorship: Search team to get eligible candidate  Presidency says TUC planned protest against EFCC, NDDC, NSITF ill-advised, uncalled for Labour Party dissociates self from CUPP lawsuit against FG Ondo spends N3.13bn on workers’ allowances, hazard bonus COVID-19 vaccines now in phase 3 clinical trials– WHO United States judge whose son was killed by gunman speaks out Flour Mills announces AGM attendance by proxy Sept. 10 Gov. AbdulRazak constitutes visitation panels to Kwara Poly, Aviation College Oyo development agency completes 788 projects Insect can escape after being eaten by frog, scientists find Nigerian Breweries earns N152bn revenue in 6 months FCTA directs schools to re-open for graduating class students Tuesday SS 3 students resume Wednesday in Kwara Attack: Governors express solidarity with Gov. Zulum Sterling Bank reports 10% growth in half-year net interest income Missing sailors found in Micronesia thanks to SOS written in sand Ogun CJ swears-in 6 new Chief, Senior Magistrates Ondo 2020: We may suffer defeat over choice of running mate, PDP Chieftain warns Eid-el-Kabir: Kano records low turnout as workers resume duty NSE resumes trading for August with 0.30% growth COVID-19: Osun Task Force arrests residents violating use of face masks Flood: NEMA trains emergency vanguards in Imo, Abia on quick response Eid-el-Kabir: Police record zero crime in Niger Pensioners throw weight behind Gov. Obaseki’s 2nd term bid Constituents laud Dogara’s defection to APC NDDC warns Nigerians against scammers offering fake jobs African Champions League final to be played in October Nursing mothers tasked on continuous breastfeeding for healthy children Ekiti workers suspend strike as lawmakers intervene Revised NDC will impact Nigeria’s climate, economic development, says Environmentalist Education: Minister urges schools to communicate reopening dates to parents NDDC probe: Uduaghan dismisses reported N429m road contract allegation 3 killed, 4 injured in Somali suicide bombing Father of 3 commits suicide in Nsukka  38-year-old man accused of raping a minor, tells court it was a frame up Jigawa reopens 40 schools, directs all workers to resume duty AFAN, OFAB, NABDA advocate use of biotechnology to scale up food production WAEC: KDSG directs schools to open Aug. 10 Group trains agric officers on practices of organic agriculture Edo 2020: Obaseki assures Akoko Edo traditional rulers of better days ahead Okowa felicitates with Ibori at 62 Edo 2020: Edo Deputy Speaker, other members pledge support for Ize-Iyamu Al-Hikmah Varsity to understudy Unilorin, says V-C You can send off a player for coughing, English FA tells referees Nigerian youths appreciate FG’s N75bn Investment Fund Delta Govt trains teachers ahead of schools’ resumption CP orders investigation of police Inspector over harassment, illegal arrest Stakeholders highlight advantages of exclusive breastfeeding