News
IPMAN to Meet Dangote Refinery Over Petrol Pricing and Supply
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to meet with Dangote Refinery to discuss petrol pricing and supply.
This move follows a statement from Devakumar Edwin, Vice President of Dangote Industries Limited, who claimed that local marketers are avoiding Dangote Refinery’s petrol despite its lower prices.
In response, IPMAN’s representative, Maigandi, emphasized that there is no reason for marketers to boycott Dangote Refinery’s petrol if it is being offered at a lower cost.
Maigandi noted that IPMAN received a partnership letter from Dangote Refinery on Wednesday and reviewed it on Thursday.
He clarified that petrol marketers are willing to buy from Dangote Refinery as long as the price is competitive with current rates.
Maigandi said, “In the letter, Dangote Refinery mentioned that its petrol is ready, but the price was not disclosed.
We cannot boycott Dangote Refinery if their petrol is cheaper.
We are prepared to purchase petrol from them under the condition that it is priced no higher than what we are currently paying elsewhere.
We have no issues with Dangote Refinery.”
He also pointed out that the Nigerian National Petroleum Company Limited (NNPCL) sells petrol directly to marketers at an average price of N870 per liter, while the depot price is N990 per liter.
This context underlines the importance of competitive pricing in the ongoing discussions between IPMAN and Dangote Refinery.
Business
U.S Tiktok Users Explores Other Options As Tiktok Might Be Banned Soon
As of January 14, 2025, TikTok, the popular video-sharing app owned by China’s ByteDance, is facing a potential ban in the United States due to national security concerns.
The U.S. Supreme Court appears inclined to uphold a law requiring ByteDance to divest its U.S. operations by January 19, 2025, or face a ban.
Legislative Actions and Deadlines
The Protecting Americans from Foreign Adversary Controlled Applications Act mandates that ByteDance must sell TikTok’s U.S. assets by January 19.
Failure to comply would result in a prohibition of the app in the U.S. Two Democratic lawmakers, Senator Edward Markey and Representative Ro Khanna, have urged President Joe Biden to extend this deadline, showing concerns over free speech and the livelihoods of content creators.
Senator Markey has proposed legislation to extend the deadline by 270 days, emphasizing the potential disruption to TikTok’s cultural ecosystem and the millions who rely on the platform for social connections and income.
Potential Outcomes and Alternatives
If the ban proceeds, TikTok, which boasts 170 million American users, would become inaccessible. In anticipation, users are migrating to alternative platforms.
Notably, Xiaohongshu, known unofficially in English as “Red Note” or “the Chinese version of Instagram,” has become the most downloaded app in the U.S.
Despite its primarily Chinese interface, American users are joining the platform. Other platforms like Lemon8, another ByteDance app, are also experiencing increased downloads.
Corporate Negotiations and Speculations
In response to the impending ban, discussions have emerged about potential buyers for TikTok’s U.S. operations.
Chinese officials are reportedly considering allowing Elon Musk, known for his positive connections with China and ownership of the social media app X, to invest in or take over TikTok’s U.S. operations.
Implications for Users and the Tech Industry
A ban on TikTok would have significant implications for its users and the broader tech industry. Users would lose access to a platform integral to social interaction, entertainment, and commerce.
Competing platforms like Instagram’s Reels, YouTube Shorts, and Snapchat may benefit by attracting TikTok’s user base and advertisers.
As the January 19 deadline approaches, the future of TikTok in the U.S. remains uncertain. The outcome will depend on legislative decisions, potential corporate negotiations, and the broader geopolitical context.
Users and stakeholders are advised to stay informed about developments in this evolving situation.
News
Report Claims Trump Had Enough Evidence to Be Convicted If Not Re-Elected
A recent report by former Special Counsel Jack Smith, released by U.S. media on Tuesday, reveals that U.S. President-elect Donald Trump would likely have been convicted for his alleged attempts to overturn the 2020 election results if he hadn’t been re-elected.
According to the report, if Trump had not won the 2024 election and was not set to return to office, the Special Counsel’s office believed there was enough admissible evidence to secure a conviction in court.
The document specifically mentioned that Trump faced serious allegations of conspiracy to defraud the United States and conspiracy to obstruct the certification of President Joe Biden’s election win.
These charges stemmed from the violent attack on the U.S. Capitol on January 6, 2021, when a mob of Trump’s supporters stormed the building in a bid to halt the certification process.
News
Ayodele Olawande Supports Seyi Tinubu as Next Lagos State Governor in 2027
The Minister for Youth Development, Ayodele Olawande, has shown support for Seyi Tinubu, son of President Bola Tinubu, as a potential candidate for the governorship of Lagos State in 2027.
Speaking on the Mic On podcast hosted by Seun Okinbaloye, Olawande described Seyi as a capable and dedicated individual with a history of supporting youth initiatives, even before his father assumed the presidency.
“Seyi is not too young to become a governor,” Olawande stated, adding that Seyi himself was not behind the campaign pushing for his candidacy.
The minister emphasized Seyi’s qualifications and commitment, which have drawn the attention of various groups.
Organizations like the Coalition of Nigerian Youth Leaders (CONYL) have already thrown their weight behind Seyi, endorsing him as a strong contender for the position. Supporters argue that his leadership skills and influence could bring positive changes to Lagos State.
-
Business19 hours ago
Federal Government Offers New Tax-Free Savings Bonds with Up to 18.23% Annual Returns
-
Entertainment19 hours ago
May D Claims He Was Once Bigger Than Wizkid and Davido
-
Sport19 hours ago
“I Am Quite Surprised With Jadon” Maresca Praises Sancho’s Comeback at Chelsea
-
Business17 hours ago
U.S Tiktok Users Explores Other Options As Tiktok Might Be Banned Soon
-
Sport18 hours ago
Piers Morgan Urges Arsenal to Sign Isak in January Transfer Window
-
Entertainment13 hours ago
Nollywood Actor Uche Maduagwu Reacts To Veekee James Advice For Single Ladies
-
Entertainment17 hours ago
Ex BBNaija’s Jeff Reveals He Gave Mercy Eke the Nickname ‘Lambo’
-
Sport18 hours ago
Ronaldo Becomes Highest-Paid Player As He Extends Contract with Al Nassr