NMDPRA EXPLAINS WHY THE AUTHORITY CANNOT FIX PETROL PRICES IN NIGERIA. (PHOTO). #PRESS RELEASE.

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  NMDPRA explains why the Authority cannot fix petrol prices in Nigeria THE AUTHORITY  PRESS STATEMENT NMDPRA DOES NOT FIX PETROL PUMP PRICE UNDER THE PETROLEUM INDUSTRY ACT (PIA)    The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) acknowledges the deep financial strain and difficulties many Nigerians are experiencing following the recent rise in Premium Motor Spirit (PMS) pump prices. We are fully sensitive to the pressure this places on households, transport workers, and businesses across the country, and we share in the commitment to seeing relief take root as market conditions stabilise. To provide clarity on the statutory framework governing our operations and the active steps being taken to protect consumers, the Authority states as follows: 1. Statutory Market Framework Pursuant to the Petroleum Industry Act (PIA) 2021: Section 205(1) provides that wholesale and retail prices of petroleum products shall be based on unrestricted fre...
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FRANCE, BRITAIN DOMINATE TRIATHLON AFTER SEINE SUSPENSE.(PHOTO).

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 France, Britain dominate triathlon after Seine suspense

Paris (AFP) – France and Britain dominated the podiums in the Olympics triathlon on Wednesday, which finally began in the Seine after days of suspense over whether the river would be clean enough for racing. Cassandre Beaugrand took the women's gold ahead of Switzerland's Julie Derron and Britain's third-placed Beth Potter..


In the men's competition, which had to be delayed by 24 hours after the Seine failed water tests, Alex Yee stormed to a dramatic victory by passing rival and friend Hayden Wilde from New Zealand in the final stretch..


Frenchman Leo Bergere finished third. "I started to find my legs with about 3k to go and I said to myself 'I'll give myself one last chance to make this happen'," Yee told reporters of his late surge, adding that British legend Alistair Brownlee had shouted him on during the last lap..


All the attention during the build-up had been on the Seine, which was the centrepriece of a spectacular course that included a biking and running route through the historic heart of the French capital..


The Seine has been too dirty for swimming all week after Paris was deluged by rain during the opening ceremony of the Games on Friday, with the equivalent of a month's rain falling over 36 hours..


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