ZANGO KATAF, JABA PDP COMMITTEES HOLD RECONCILIATION MEETING AHEAD OF 2027 ELECTIONS. (PHOTO).

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 Zango Kataf, Jaba PDP Committees Hold Reconciliation Meeting Ahead Of 2027 Elections The Peoples Democratic Party (PDP) Working Committees in Zango Kataf and Jaba Local Government Areas have held a strategic reconciliation meeting aimed at strengthening party unity and positioning the party for success in the 2027 general elections. The meeting, held on Friday, July 31, 2026, in Jaba Local Government Area, was jointly chaired by the PDP Chairmen of Jaba and Zango Kataf LGAs, Sabastine David Bijiri and Martins Markus Koyah. It brought together party executives, stakeholders, ward officials, elders, youth and women leaders, as well as members from both local government areas. Speaking at the meeting, the Zango Kataf PDP Chairman commended party leaders and members for supporting the zoning of the party’s House of Representatives ticket to Zango Kataf Local Government Area. He described the decision as a reflection of the party’s commitment to fairness, equity, inclusion, and mutual ...

NNPC LTD NOT THE SOLE OFFTAKER; MARKET OPEN TO LOWER PRICES FROM ANY DOMESTIC REFINERY. (PHOTO). #PRESS RELEASE.


 PRESS RELEASE


NNPC Ltd Not the Sole Offtaker; Market Open to Lower Prices from Any Domestic Refinery


The attention of the NNPC Ltd has been drawn to a press release by the Muslim Rights Concern, MURIC, which claims that the Dangote Refinery Limited (DRL) is being undermined by actions of the Nigerian National Petroleum Company Limited (NNPC Ltd). Specifically, MURIC asserts that recent changes to the pump price of Premium Motor Spirit (PMS) will prevent the Dangote Refinery from offering lower prices and that NNPC Ltd. has become the sole offtaker of all products from the refinery.


To set the records straight, NNPC Ltd. wishes to further state as follows:


1. The pricing of petroleum products from any refinery, including the Dangote Refinery Ltd. (DRL), is determined by global market forces. The recent changes in PMS prices have no impact on the DRL or any other domestic refinery's access to the Nigerian market. In fact, if current prices are perceived as high, it presents an ideal opportunity for the refinery to sell its products at lower prices in the Nigerian market.


2. Furthermore, we emphasize that there is no guarantee of lower prices associated with domestic refining compared to any global parity pricing framework, as confirmed by the DRL. The NNPC Ltd. will only fully offtake PMS from the DRL if the market prices of PMS are higher than the pump prices in Nigeria. The DRL and any other domestic refinery are free to sell directly to any marketer on a willing buyer, willing seller basis, which is the current practice for all fully deregulated products. NNPC Ltd. has no desire or intention to become the distributor for any entity in a free market environment, and therefore, the notion of becoming a sole offtaker does not arise.


3. The NNPC Ltd. cannot undermine a business in which it holds a billion-dollar stake.


4. As an advocacy group for fair and just treatment, MURIC should have verified the facts before making statements that are entirely flawed and has the potential to incite ordinary Nigerians against the NNPC Ltd.


Olufemi Soneye

Chief Corporate Communications Officer

NNPC Ltd.

Abuja


7th September, 2024

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