DANGOTE REFINERY TO SUPPLY 60 MILLION LITRES OF PETROL WEEKLY TO IPMAN TO BOOST CRUDE IMPORTS. (PHOTO).

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 Dangote Refinery To Supply 60 Million Litres Of Petrol Weekly To IPMAN To Boost Crude Imports The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) on a weekly basis, which translates to 240 million litres per month. This comes as the $20bn Lekki-based refinery seeks to raise billions of dollars to import crude oil and increase production to reach its full capacity of 650,000 barrels per day. IPMAN National Publicity Secretary, Chinedu Ukadike, confirmed that the association is finalizing discussions with Dangote and expects to start lifting PMS from the refinery before the end of November. The agreement has already led to a drop in petrol prices by N10 to N15 due to increased competition in the downstream sector following deregulation. In the past 42 days, the Nigerian National Petroleum Company Limited (NNPC) and other marketers have imported over two bil
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BILL TO CREATE OGOJA STATE FROM CROSS RIVER PASSES SECOND READING. (PHOTO).

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 Bill to Create Ogoja State from Cross River Passes Second Reading


The House of Representatives on Thursday passed a bill for the second reading, proposing an amendment to the 1999 Constitution to create a new state in Nigeria's South-South region, to be called Ogoja State.


Sponsored by Hon. Godwin Offiono and three others, the bill aims to establish Ogoja State from Cross River. After a voice vote, Speaker Tajudeen Abbas referred the bill to the committee on constitutional review for further consideration.

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