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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SUDAN HAS AGREED TO ATTEND CEASEFIRE TALKS IN GENEVA. (PHOTO).

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 Sudan has agreed to attend ceasefire talks in Geneva


Sudan's government conditionally accepted on Tuesday an invitation to attend U.S.-sponsored peace talks in Geneva, raising hopes that the talks could advance efforts to end a 15-month-old war.


The government is aligned with the army in its war with the paramilitary Rapid Support Forces (RSF). The army has shunned recent bids to restart ceasefire or peace negotiations, with Islamists who hold sway in its ranks calling for a military victory.


The Geneva talks would be the first major effort in months to get the army and the RSF to sit together. The RSF accepted the U.S. invitation soon after they were proposed last week, Reuters reported.


"The government said (in its reply to the invitation) that it was the party most concerned with saving the lives and dignity of the Sudanese people, and so it will cooperate with any entity that aims to do so," the Sudanese foreign ministry said in a statement.


The war has caused the world's largest humanitarian crisis with a fifth of the population displaced and famine likely across the country. Previous talks convened by the United States and Saudi Arabia in Jeddah broke up without agreement.


The RSF, which clashed with the army over plans to integrate their forces last year, has taken control of eight of Sudan's 18 state capitals, including the capital Khartoum, and is expanding further into the southeast of the country.


"The government made clear that any negotiations before ... full withdrawal and an end to expansion (by the RSF) will not be acceptable to the Sudanese people," the statement said. However, it also requested meetings with U.S. officials to discuss the agenda for the talks.

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