Fuel Price Stabilized as NNPCL Offers Petrol to IPMAN at N995 Per Litre.

The Nigerian National Petroleum Company Limited (NNPCL) has reached a pivotal agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN) to sell Premium Motor Spirit (PMS), also known as petrol, at N995 per litre to IPMAN members. This development follows the intervention of the Department of State Services (DSS) in a protracted dispute between both parties.

The resolution comes as a relief to many in the oil sector, as the price of petrol has seen significant volatility, particularly after Nigeria’s removal of fuel subsidies earlier in the year. The DSS’s involvement was crucial in mediating the disagreement, which had resulted in supply disruptions and price disparities across different regions in the country.

Hammed Fashola, the National Vice President of IPMAN, expressed the association’s gratitude for the role played by the DSS. In his statement, Fashola noted that the intervention not only facilitated a mutual understanding between the marketers and NNPCL but also helped avert a potential crisis in the downstream sector.

“We really appreciate their intervention. They are doing their job. Anywhere they see that there may be a crisis, it is their duty to intervene. Their involvement brokered peace and understanding between the parties, and everyone agreed to work together,” Fashola said.

According to him, the price of N995 per litre is a tentative figure, as discussions are ongoing to determine a more stable and uniform price for petrol across the country. “For now, tentatively, I think they are offering us N995 per litre,” he stated, acknowledging that while this price is lower than what IPMAN members had previously been selling at, other variables such as transportation and logistical costs still need to be factored in.

Prior to this agreement, independent marketers had been selling petrol at an average of N1,200 per litre, depending on the location. This price variation was largely due to the distance between petrol depots in Lagos and the northern or eastern parts of Nigeria, which significantly raised the cost of transportation and other operational expenses.

Fashola explained that reducing this disparity is a key priority for IPMAN. “With the N995 price, we expect to see a slight reduction in the pump price. Don’t forget that if you transport a product from Lagos to a far distance, you will pay for transportation and other charges,” he said.

He added that IPMAN is working toward achieving a more uniform price across the country. “We want to work on that because we want to have common ground. When we sit down and look at the price analysis offered to us, and factor in all our expenses, we want to have a uniform price as much as possible. I will not be able to tell you the exact price now, but we are working on it, especially in the Lagos axis and other zones.”

The disparity in prices between independent marketers, NNPC Retail, and major oil marketers has long been a source of concern. Independent marketers have often struggled to compete with the more favorable prices offered by NNPC Retail, which has had a direct supply chain from NNPCL.

Fashola expressed optimism that this new agreement will help close the price gap. “The price disparity has been a disadvantage between us and the NNPC Retail and major marketers. We are trying to look at how to close that gap so we can come back fully into the business. The lack of direct supply has been our problem, and now that we are solving that, I don’t think the disparity will be there again.”

This agreement marks a significant step toward stabilizing the Nigerian petrol market, particularly for independent marketers, who have long been advocating for more equitable pricing structures. By addressing logistical challenges and ensuring a consistent supply of petrol, the hope is that consumers across the country will experience more consistent and potentially lower pump prices in the near future.

However, industry observers have noted that the high cost of transportation and other operational expenses remain a challenge for marketers, and these factors will continue to influence the final pump prices in different regions of the country. IPMAN’s efforts to streamline its operations and work more closely with NNPCL and the government may, however, mitigate some of these challenges moving forward.

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Sudan 2-0 Ghana: Black Stars Suffer Disappointing Defeat in Libya.√√√Newzspy.

In what can only be described as a shocking and disappointing result, the Ghanaian national football team, popularly known as the Black Stars, fell to a 2-0 defeat against Sudan in an international fixture held in Libya. The match, which was part of the ongoing international football campaign, saw the Sudanese side dominate from the start, leaving the once mighty Black Stars struggling to keep up.

A Missed Opportunity for Redemption

For Ghana, this match was seen as a critical opportunity to restore their pride and assert themselves as a force in African football, following recent underwhelming performances on the continental stage. However, Sudan had other plans, taking full advantage of Ghana’s defensive weaknesses and lackluster gameplay. From the onset, Sudan displayed a level of composure and precision that the Ghanaian side struggled to match, quickly seizing control of the game.

Goals That Sealed Ghana’s Fate

The first goal came midway through the first half when Sudan capitalized on a defensive error. A swift counterattack saw Sudan’s striker slotting the ball past Ghana’s goalkeeper, sending the Libyan crowd into a frenzy. Despite attempts by the Black Stars to regroup, they were met with stiff resistance from a disciplined Sudanese defense.

Ghana’s woes were compounded in the second half when Sudan netted their second goal. A well-placed corner kick led to a powerful header that left Ghana’s defense scrambling. With the Black Stars failing to create any meaningful chances, the 2-0 scoreline remained until the final whistle, marking a significant upset in African football.

Black Stars’ Performance Under Scrutiny

The defeat has sparked widespread disappointment and frustration among Ghanaian fans, who expected more from their national team. The Black Stars, once a dominant force in African football, have struggled in recent times to replicate their former glory. This loss to Sudan, a team ranked lower in FIFA standings, is seen as another blow to the nation’s footballing reputation.

Critics have pointed to a lack of cohesion within the squad, tactical missteps, and poor player selection as key factors behind the defeat. Ghana’s coach and technical staff are likely to face intense scrutiny in the coming days, as calls for a major overhaul of the team grow louder.

West African Pride in Tatters

Ghana’s loss to Sudan also carries broader implications for West African football. As one of the region’s traditional footballing powerhouses, the Black Stars’ defeat has been seen by many as a blow to West Africa’s footballing prestige. With neighboring countries like Nigeria and Côte d’Ivoire consistently delivering strong performances, Ghana’s continued underachievement on the pitch is becoming a cause for concern.

In contrast, Sudan’s victory marks a significant achievement for the North-East African nation, showcasing their growth and potential to compete with some of the continent’s more established footballing nations.

Looking Ahead

As Ghana reels from this defeat, the focus will undoubtedly turn to how the team can recover and move forward. With key international fixtures looming, the Black Stars will need to regroup, address their shortcomings, and rediscover the form that once made them a feared opponent in African football.

For now, however, Sudan will celebrate a well-deserved victory, while Ghana will be left to reflect on yet another missed opportunity to re-establish their dominance on the continental stage.

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Environmental Violators Face the Heat as LASEPA Seals Off Key Establishments Across Lagos.√√√Newzspy.

In a decisive move to crack down on environmental infractions, the Lagos State Environmental Protection Agency (LASEPA) took swift action today by sealing off several establishments across various parts of Lagos State. The enforcement drive, which spanned neighborhoods such as Fagba, Iyana Ipaja, Ifako-Ijaiye, and Orile Agege, is part of LASEPA’s broader initiative to enforce environmental laws and ensure the protection of public health in the state.

The establishments affected by this operation include Chanelrose Lounge & Bar, Mama Juli Lounge & Bakery, Klub P-14 Hotel, Emmy Prince Hotel, Baltimat Industries Limited, Iju Ishaga City Hotel & Lounge, Chitec Aluminum, and Safeland Hotel. According to LASEPA, these businesses were found to be in violation of various environmental regulations, despite having been issued several prior warnings.

Dr. Babatunde Ajayi, the General Manager of LASEPA, addressed the press following the enforcement action, stressing the agency’s unyielding stance on environmental non-compliance. “Our stance on non-compliance is clear: it will not be tolerated. Businesses must acknowledge their environmental responsibilities and work hand-in-hand with the State government to ensure a cleaner and more sustainable Lagos,” Ajayi stated.

He emphasized the critical role businesses play in maintaining environmental standards and underscored that the repercussions of environmental violations extend far beyond immediate penalties. “Whatever is thrown at the environment is bound to be thrown back at us,” he warned, pointing out the potential long-term consequences of environmental abuses, which include health risks, pollution, and the deterioration of public spaces.

LASEPA’s enforcement operation is not an isolated incident but part of a sustained campaign to bring environmental offenders to book. The agency, which has ramped up its monitoring efforts in recent months, aims to address widespread disregard for environmental laws that have contributed to increased pollution, poor sanitation, and associated public health challenges across Lagos State. Establishments ranging from industrial manufacturers to hospitality venues have been under scrutiny.

Dr. Ajayi further noted that the affected businesses would remain sealed until they fully comply with the regulatory requirements set forth by the agency. This includes implementing adequate waste management practices, ensuring that emissions are within acceptable limits, and preventing noise pollution, among other regulations. Only upon meeting these conditions and demonstrating a long-term commitment to maintaining environmental standards will the businesses be allowed to reopen.

The enforcement action has been met with mixed reactions from the public. While some business owners have expressed frustration at the shutdown, many residents have praised the move, citing the urgent need to address environmental degradation in Lagos. Local communities in the affected areas, in particular, have suffered from issues such as improper waste disposal, air pollution, and noise disturbances, all of which have been exacerbated by non-compliant businesses.

As Lagos continues to grow both economically and in population, the strain on its environment is becoming more evident. LASEPA’s proactive approach reflects the State government’s broader agenda of sustainable development and public health protection. The agency has urged all businesses operating within Lagos State to take environmental regulations seriously, stressing that violations will no longer be overlooked.

Ajayi called on business owners to be proactive in addressing their environmental responsibilities. He highlighted that beyond compliance, businesses have a moral obligation to contribute to a cleaner, healthier environment for all. The General Manager also hinted at further inspections and enforcement actions in the coming months as LASEPA continues its efforts to curb environmental violations across the state.

With this bold enforcement drive, LASEPA has sent a clear message to Lagos businesses: environmental violations will no longer be tolerated, and non-compliance will come at a significant cost.

Source/ Credit: X LASEPA

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