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NMDPRA Warns Fuel Retailers Against Illegal Sales Amid Abuja Scarcity

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The Federal Government, via the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has issued a stern warning to retailers of Premium Motor Spirit (PMS), commonly known as petrol, amid ongoing shortages in the Federal Capital Territory (FCT), Abuja, and the surrounding states of Nasarawa and Niger.

This advisory was communicated through a statement posted on NMDPRA’s official X account.

The regulatory body has called on fuel retail stations to cease transactions with individuals involved in the illicit sale of petrol, including those dealing in fuel stored in jerrycans.

The NMDPRA has made it clear that filling stations found engaging with illegal traders will face severe penalties, including the potential suspension of their retail licenses. This action is part of a broader crackdown aimed at curbing the unauthorized distribution of petroleum products.

The warning comes as fuel scarcity continues to plague the nation’s capital. Most filling stations in Abuja have halted fuel distribution, leaving only a few operational.

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For example, along the Kubwa Expressway, only outlets operated by the Nigerian National Petroleum Company Limited (NNPCL) were dispensing fuel on Friday, causing significant queues at these locations.

Earlier, two weeks ago, NNPCL spokesperson Olufemi Soneye attributed the shortage to disruptions in the unloading processes of several vessels. Despite this explanation, fuel scarcity persists as a recurring issue with no lasting resolution in sight.

In light of these ongoing challenges, Billy Gillis-Harry, President of the Petroleum Products Retail Outlets Owners Association (PETROAN), recently advocated for the establishment of a dedicated task force to address the persistent fuel shortages in Nigeria.


 

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Aliko Dangote Speaks on His Children and Carrying on His Family Name

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Aliko Dangote speaks on his lineage and addresses not having a son as he was asked about not having a son to carry his name and achievements.

“That is not my priority because God controls everything. You can pray for God to give you a son, but he might be the one to take down the name of the family.”

Instead, he shared that he does not mind not having a son. “I don’t think a son would have done better than the three daughters I have.”

Aside from that, he was also asked about giving advice to young Nigerians. “Work hard, be consistent, focused and know what you want to do.”


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Dangote Investment Draws Huge Traffic to Bamboo, Cowrywise Platforms

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It can be reported that following Aliko Dangote’s investment opportunity, some investment platforms are experiencing huge traffic, causing their platforms to become slow and go down.

Two platforms openly announced their issues. Bamboo said “Hey everyone, we’re getting a much higher than expected traffic trying to get into the Dangote IPO and it’s making it difficult for some users to log into the Bamboo app. We’re working on a fix and it will be up and running shortly.”

Cowrywise also said “We’re currently seeing more traffic than usual on the Cowrywise app. Our team is already on it and working to get things back to normal. Thanks for your patience, everyone.”


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Economist Bismarck Rewane Speaks on Dangote Refinery Investment

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Nigerian economist Bismarck Rewane advises Nigerians financially, sharing that Nigerians should engage in the Dangote Refinery initial public offering (IPO). He stated that it was a good investment.

He shared “You are better off with your N5,000 share than selling your PVC for N10,000 or N15,000 and consuming it,” Rewane said.

“If you can get 10 million shareholders to participate in the IPO, the Dangote Refinery will have the largest number of shareholders in the world,” he said.


 

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