ISRAEL AND LEBANON AGREE TO EXTEND US-BROKERED CEASEFIRE BY 45 DAYS, STATE DEPARTMENT SAYS. (PHOTO).

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 Israel and Lebanon agree to extend US-brokered ceasefire by 45 days, State Department says Israel and Lebanon have agreed to extend a U.S.-brokered ceasefire by 45 days, according to U.S. officials, in an effort to allow further progress in ongoing negotiations aimed at reducing hostilities along their shared border. A State Department spokesperson said the April 16 cessation of hostilities would be extended by an additional 45 days following what officials described as “highly productive” talks held in Washington on Thursday and Friday. The two sides are expected to resume negotiations on June 2 and June 3. The discussions mark the third round of meetings between Israel and Lebanon since renewed fighting escalated earlier this year, including Israeli airstrikes following missile fire from Hezbollah and subsequent Israeli ground operations in southern Lebanon. While the conflict has continued in parallel with broader regional tensions, officials said violence has largely remained ...
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OIL MARKETERS HAVE SUGGESTED A PRICE OF N550 LITRE OF PETROL TO DANGOTE. (PHOTO).

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 Oil marketers have suggested a price of N550 per litre of petrol to Dangote


The President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Alhaji Abubakar Migandi Garima said: “We have been discussing with Dangote Refinery. The discussion, centering on pricing, margins and other issues, is still ongoing.


“We have proposed that the lifting price should be N550 per litre in Lagos. The price of the product will differ from one part of Nigeria to another because of distance and cost of delivering petrol to different locations.


“We are currently waiting on Dangote Refinery to conclude and communicate the price per litre, so we can plan to lift the product when it comes on stream.


‘’We expect that the price of the locally refined petrol would be cheaper than imported petrol, due mainly to local availability of the bulk of its crude oil and removal of transportation cost.”

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