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

GUINEA DISSOLVES DOZENS OF POLITICAL PARTIES. (PHOTO).


 Guinea dissolves dozens of political parties


Guinea authorities dissolved dozens of political parties and placed two major opposition ones under observation late Monday, while the transitional government has yet to announce a date for elections, AP reported.


The West African country has been led by a military regime since soldiers ousted President Alpha Conde in 2021. The West African regional bloc known as ECOWAS has pushed for a return to civilian rule and elections are scheduled for 2025.


The mass dissolution of 53 political parties and required observation of 54 others for three months is unprecedented in Guinea, which held its first democratic election in 2010 after decades of authoritarian rule.


The Ministry of Territorial Administration and Decentralization announced the moves based on an evaluation of all political parties begun in June. The evaluation was meant to “clean up the political chessboard,” according to the ministry.


Ex-president's party


The 67 parties that will be under observation for three months can operate normally but must resolve irregularities noted in the report.


Those parties include the Rally of the Guinean People, which is the party of former President Alpha Condé, and another major opposition party, the Union of Democratic Forces of Guinea.


The authorities said the parties placed under observation failed to hold their party congress within the time limit and to provide bank statements, among other issues.


Guinea is one of a growing number of West African countries, including Mali, Niger and Burkina Faso, where the military has taken power and delayed a return to civilian rule. Earlier this year, the military junta in Burkina Faso extended its transition term by five years.


Broken promises


Colonel Mamadi Doumbouya, who leads Guinea, overran the president three years ago, saying he was preventing the country from slipping into chaos and chastised the previous government for broken promises.


However, since coming to power he’s been criticized by some for being no better than his predecessor.


In February, the military leader dissolved the government without explanation, saying a new one will be appointed.


Doumbouya has rebuffed attempts by the West and other developed countries to intervene in Africa’s political challenges, saying Africans are “exhausted by the categorizations with which everyone wants to box us in."

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