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Fuel Price: 21 Petroleum Products Depots Across Nigeria Are Moribund – IPMAN

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the state of 21 petroleum products depots scattered across Nigeria, highlighting their current inactive status.

This revelation comes amidst a nationwide discussion surrounding the country’s transition to local refining and its potential impact on fuel pricing.

Nigeria, renowned for its oil production, has traditionally relied on importing refined petroleum products to satisfy domestic demand.

However, recent efforts to prioritize local refining have prompted speculation about the consequences for product pricing within the Nigerian market.

Mr. Dele Tanjudeen, Chairman of the South West zone of IPMAN, expressed his observations during a recent interview.

Tanjudeen underscored the critical role of local refining initiatives in reshaping the nation’s petroleum industry.

He commended the Dangote group for spearheading such endeavors and emphasized the need for increased participation from other stakeholders to drive down fuel prices effectively.

Tanjudeen further highlighted the Nigeria National Petroleum Company Limited’s commitment to revitalize foreign refineries in Nigeria and renovate the 21 depots nationwide.

However, he lamented the current state of these depots, noting their lack of functionality.

The ramifications of this inactivity extend beyond the depots themselves, potentially impacting the nation’s fuel pricing system.

Tanjudeen stressed the urgency of addressing this issue to realize the full potential of local refining initiatives and ensure a sustainable future for Nigeria’s petroleum sector.

 

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Musa Joins Jaiz Bank As Ambassador

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Super Eagles Captain, Ahmed Musa has been signed up by Jaiz Bank as a brand ambassador.

An elated Musa made the disclosure in a statement on his verified handle on micro-blogging site, X on Thursday.

The Kano Pillars striker urged his fans to troop to Jaiz Bank to do business for trusting him with the new role.

He exclaimed, “And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! ”

ALSO READ: CSR: Dangote Cement Fuels Education With Support Projects At Lagos Schools

He wrote, “✨Alhamdulillah✨ I am SO excited to announce that I’ve officially joined Jaiz Bank as their newest ambassador! 🎉💼
“A huge thank you to @JaizBankNG for trusting me and allowing me to be a part of this amazing journey! 🙏🏼💚 It’s an honor to represent a brand that believes in growth, security, and financial empowerment.

“I can’t wait to share all the incredible things we’ll be doing together! 🚀💡
And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! Let’s grow together! 💪🏼🔑

“@JaizBankNG is a non interest Financial institution poised with a mission to make life better through ethical Finance. 👌👌”

#NewBeginnings #BankWithJaizBank #PartneredUp #TeamJaizBank”

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Kenya Celebrates First Lady Rachel Ruto’s 56th Birthday

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On November 20, 2024, Kenya’s First Lady, Rachel Ruto, celebrated her 56th birthday and her husband President William Ruto publicly expressed his love and appreciation for his wife on this special day, wishing her well.

The birthday celebrations were marked by an outpouring of goodwill from political figures, media, and citizens across Kenya, who praised her for her grace, leadership, and significant contributions to society, particularly through initiatives like the Joyful Women Organisation, which aims to empower rural women.

READ MORE: Vinicius Jr. Honors Cameroonian Roots Ahead Of Brazil’s Clash With Uruguay

The day was characterized by a collective acknowledgment of her role as a national figure dedicated to community upliftment.

In a heartfelt message, President William Ruto took to social media, writing, “Happy birthday my love, @MamaRachelRuto. Continue being a blessing to me and our children. Mungu akubariki sana,” which translates to “God bless you abundantly.”

Other prominent leaders also extended their wishes to the First Lady, with Anne Waiguru, EGH, OGW, Governor of Kirinyaga County, tweeting, “Happy Birthday First Lady,” further showing the respect and admiration for Rachel Ruto’s leadership and impact.

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Gas Explosion in Katsina Filling Station Damages Six Vehicles

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A gas cylinder explosion at a filling station in Jibia Local Government Area of Katsina State has resulted in significant damage to six vehicles, according to a statement from the Katsina State Police Command.

The command’s spokesperson, Abubakar Sadiq-Aliyu, confirmed the incident, which occurred on Friday, November 15, 2024.

He explained that a loud explosion alerted police operatives from the Jibia Divisional Police Headquarters. Responding promptly, the Divisional Police Officer led a team to the site, supported by military personnel.

READ MORE: JUST IN: Inflation Woes Continue As Nigerian Rates Climb To 33.88%

“Upon arrival, operatives found a truck loaded with gas cylinders engulfed in flames at Tamal filling station, along Kagadama-Magamar Jibia Road,” Sadiq-Aliyu stated. The joint team acted swiftly, deploying measures to protect lives and limit property damage. Their efforts successfully extinguished the fire.

The spokesperson added, “Six motor vehicles were significantly affected by the fire incident, but fortunately, no life was lost.”

State Commissioner of Police, Aliyu Abubakar-Musa, has directed a thorough investigation to determine the cause of the explosion. Updates on the findings will be provided as investigations progress.

This incident highlights the need for heightened safety measures at gas filling stations to prevent such occurrences.

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