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IPMAN to Meet Dangote Refinery Over Petrol Pricing and Supply

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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.

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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.

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This context underlines the importance of competitive pricing in the ongoing discussions between IPMAN and Dangote Refinery.


 

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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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