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Dangote Group Denies IPMAN’s Fuel Pricing Claims

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The Dangote Group has issued a formal statement to address recent speculation surrounding fuel prices. Headlines, including those from Punch Newspapers on August 13, 2024, suggested that the Independent Petroleum Marketers Association of Nigeria (IPMAN) projected a price of N600 per litre for Dangote petrol.

This has prompted the group to provide a clear clarification. The Dangote Group categorically states that IPMAN is not an official business partner and that there have been no discussions or agreements concerning the price of Premium Motor Spirit (PMS) with the association.

The group stresses that IPMAN does not have the mandate or authority to make statements on behalf of Dangote or influence its pricing policies. The Dangote Group further urges the public to refrain from giving credence to speculative announcements and misinformation.

For accurate and official information regarding pricing and other corporate matters, stakeholders and the general public are encouraged to consult the group’s verified communication channels.

This statement aims to prevent any confusion and ensure that the public receives reliable updates directly from the Dangote Group.

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FG Extends NYSC Orientation Camp From 3 to 6 Weeks

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The Federal Government has announced an extension of the NYSC programme. It can be noted that the NYSC camp orientation is usually for three weeks before the youths go out to gain experience, employment, and serve the country for one year.

However, the FG announced that the passing-out parade from camp will be cancelled, and corps members will now spend six weeks in camp instead of three weeks.

“The first two weeks speak to laying a foundation on civic responsibility. The next two weeks will look at career mapping, basic accounting literacy skills, business planning and access to finance. The final two weeks, we intend to have focused corps-stream-specific training aligned with the corps member’s designated stream based on his choice, academic background and skills profile.”


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Is Lagos Sinking? Residents Raise Concerns as Flooding Worsens

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With the rainy season in Nigeria, many are wondering if the increase in flooding has now become the new normal. Lots of videos, clips, and complaints have literally flooded online, showing how badly roads, homes, and other places have been affected.

We were used to hearing about the rise of water on the Island since it is literally surrounded by water, but now floods are being spotted on the Mainland as well.

We may not know exactly why this is happening, but one thing is certain—we urgently need a lasting solution.


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Federal Government Clarifies Position on Proposed Tax Recommendations

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The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.

The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.

“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”


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