Connect with us

General

SGR Defends N899 Per Litre Pump Price as IPMAN Raises Concerns

Published

on

petrol pump price

By Adedapo Adesanya

Fuel distribution company, SGR, has tackled the Independent Petroleum Marketers Association of Nigeria (IPMAN), which raised concerns about the company’s pump price of N899 per litre and its alleged anti-competitive operations.

In a statement, the firm emphasized its commitment to transparency, fair pricing, and the well-being of Nigerian consumers.

SGR clarified that its current price is a reflection of prevailing market conditions, including the cost of fuel procurement, logistics, and the need to sustain service quality across all its outlets nationwide.

“Pricing in a deregulated downstream sector is shaped by multiple market forces,” the statement read. “Our pricing model is competitively aligned with these realities and is not intended to destabilize the market or place pressure on fellow marketers.”

IPMAN had recently argued that major marketers and the Nigerian National Petroleum Company (NNPC) Limited often sell fuel at lower prices than independent marketers, expressing that based on advantages like access to foreign exchange, logistics, and direct supply chains, put its members at a disadvantages since it relies on third-party supply sources and pay higher landing costs.

SGR also reaffirmed its willingness to engage in constructive dialogue with stakeholders like IPMAN to ensure a stable and sustainable fuel supply system in the country.

The organisation reiterated that it remains focused on delivering service excellence and maintaining the trust of its customers in the long term.

This development comes amid wider discussions around fuel pricing and distribution in Nigeria’s evolving energy market.

Since the deregulation of the Nigerian downstream petroleum sector, prices have been reflective based on how the international market operates, aligning with broader efforts to liberalise Nigeria’s oil and gas industry and attract private sector investment.

One of the major aspects of deregulation is that the Nigerian government does not strictly fix or subsidise fuel prices as it did in the past, thereby allowing market forces (demand and supply) to determine the pump prices. This is why prices now vary at different filling stations.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

General

Nigeria Launches Online Citizenship, Business Management Platform

Published

on

online citizenship platform nigeria

By Adedapo Adesanya

The Ministry of Interior has announced the launch of a new online citizenship and business management platform.

In a statement by the Ministry’s Permanent Secretary, Mrs Magdalene Ajani, on Friday in Abuja, it was disclosed that the new digital platform was designed to streamline the application and processing of citizenship and business-related services, ensuring faster turnaround time and improved user experience.

According to the statement, the platform is aimed at managing citizenship applications, processing business permits, and administering regulations related to businesses, and foreign workers.

The permanent secretary explained further that the initiative was part of the ministry’s ongoing reforms aimed at promoting transparency, enhancing operational efficiency thereby significantly improving service delivery to the public.

Members of the public, corporate entities, and other stakeholders are hereby expected to access the platform through the following official channels: Ministry of Interior’s website: https://interior.gov.ng and for direct portal access: https://candb.interior.gov.ng, [email protected] for support or inquiries.

“The ministry remains committed to establishing a more efficient, transparent, and secure framework for citizenship administration, while continuously enhancing service delivery through digital transformation,” the statement concluded.

Continue Reading

General

Indorama Restates Commitment Environmental Preservation, CSR

Published

on

Indorama Jossy Nkwocha

By Bon Peters

A leading petrochemicals and fertilizer production company in Rivers State, Indorama Eleme Petrochemicals Limited, has reaffirmed its determination to always prioritise environmental preservation, corporate social responsibility (CSR) and other policies geared towards profitability.

The Managing Director of Indorama Nigeria and Executive Director at Indorama Africa, Mr Manish Mundra, gave this reassurance at a media parley to introduce the new Head of Corporate Communications of the organisation, Mr Bibiye Justice.

Mr Justice is taking over from Mr Jossy Nkwocha, who retires from the company from the end of May 2025 after 18 years in charge of the image-making of the company.

Mr Mundra, represented by the Chief Technical Officer of Indorama Nigeria, Mr Deepu Sivadas, praised Mr Nkwocha for demonstrating a high level of professionalism in his partnership with journalists, saying the synergy has positioned Indorama in the right perspective in terms of reportage of the company’s operations.

In his remarks, Mr Nkwocha commended the management of Indorama for giving him the opportunity to serve in the company and thanked journalists for their support.

“I have enjoyed tremendous support of journalists in the state in the past 18 years, and for this reason, I haven’t experienced any media crises.

“I want to thank you all for your cooperation and to announce that I’m about stepping down, by the end of this month, I shall be retiring and Mr Justice Bibiye will be stepping in my shoes.

“Bibiye is one of us, a thorough bred corporate communications personality, having served at NTA and AIT. I, therefore, urge you to avail him the same level of support,” he said.

On his part, Mr Justice commended newsmen for supporting his predecessor and contributing to the growth of the company.

“Indorama is critical national asset contributing significantly to the economy. The company is continuously creating jobs and assisting the government tackle food shortage through high quality fertilizers production for export and local demands,” he said.

The chairman of the Nigeria Union of Journalists (NUJ) in Rivers State, Mr Paul Bazia, while speaking, lauded the organisation for its achievements and pledged to sustain the cooperation.

Indorama, an 8,000 metric tons daily capacity fertilizer production company, is the largest single-train urea facility in the Sub-Saharan Africa with a legacy of excellence in fertilizer production.

Continue Reading

General

89 Northerners in Viral Video Recruited to Work at Dangote Refinery—Police

Published

on

89 northerners dangote refinery

By Modupe Gbadeyanka

The Lagos State Command of the Nigeria Police Force (NPF) has called for calm over a viral video showing some young persons from Katsina State seen around Ibeju Lekki area of Lagos State.

In a statement on Friday, the spokesperson for the Lagos State Police Command, Mr Benjamin Hundeyin, a Chief Superintendent of Police (CSP), said residents of the metropolis have nothing to worry about because the persons seen in the visual were recruited to work at the Dangote Refinery.

According to him, the contractor responsible for their recruitment and the refinery’s Chief Security Officer (CSO) both confirmed the arrangement.

He stated that the labourers have been cleared to reside and work within the $20 billion oil facility after all necessary checks were conducted them.

“Upon receipt of the information on May 14, 2025, officers from the Command immediately deployed to the location to ascertain the facts.

“Preliminary investigations revealed that the young men in question, 89 in number, had arrived from Katsina State and were recruited to work as labourers at the Dangote Refinery in Lekki.

“The contractor working with the refinery appeared before the police and confirmed that he had personally sourced and brought the labourers from Katsina for legitimate employment purposes.

“The individuals were thoroughly searched, and no incriminating items were found in their possession.

“Furthermore, each person properly identified themselves and presented their National Identification Numbers (NINs), which were duly verified,” Mr Hundeyin stated, assuring that, “The command remains committed to maintaining law and order across Lagos State and will continue to respond promptly to all matters relating to public safety.”

Continue Reading

Trending

https://businesspost.ng/DUIp2Az43VRhqKxaI0p7hxIKiEDGcGdois8KSOLd.html