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

-
Image
 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
Post a Comment

US WARNS MUSK'S SUPER PAC $1M-A--DAY GIVEAWAYS MAY BE ILLEGAL, REPORTS SAY. (PHOTO).

-


 US warns Musk’s Super Pac $1m-a-day giveaways may be illegal, reports say


The US justice department has sent a letter to Elon Musk’s Super Pac warning that the billionaire and Tesla CEO’s $1m-a-day giveaways may violate federal law, according to multiple reports.

A letter from the department’s public integrity section, which investigates potential election-related law violations, went to the Pac, reports in CNN and New York Times said. 


South Africa-born Musk, who has thrown his support behind Donald Trump in advance of the 5 November election, announced on Saturday while speaking before a crowd in Pennsylvania that he was giving away $1m each day until election day to someone who signs his online petition supporting the US constitution.


He handed $1m checks to two separate people over the weekend: one to a man in Harrisburg on Saturday and another to a women in Pittsburgh on Sunday. Another voter in North Carolina has won $1m. Between in-person campaign events in support of the Republican presidential candidate, Musk has tweeted his congratulations to the winners and urged other registered voters in swing states to sign his petition and enter the lottery.


Election law experts had called the sweepstakes potentially illegal. The Pennsylvania governor, Josh Shapiro, had called on law enforcement to investigate.

Musk, ranked by Forbes as the world's richest person, so far has supplied at least $75m to America Pac, according to federal disclosures, making the group a crucial part of Trump's bid to regain the White House.

Even among major political donors, the degree of Musk's involvement in Trump's campaign for president has been unusual. He is not only spending tens of millions of dollars to back his favored candidate, but also campaigning in person, literally jumping up and down on stage at a Trump rally, and now appearing in person across Pennsylvania as a high-profile campaign surrogate. Online, Musk is attacking Kamala Harris, and spreading election misinformation to his 202 million followers on X, the popular social media platform that he owns.


Analysts have suggested that one reason Musk may be interested in investing in a second Trump presidency is that the billionaire CEO of Tesla and SpaceX, and the owner of X, formerly known as Twitter, has long resented government regulations, and might see Trump as someone who would champion deregulation in areas convenient to his billionaire backer.

Those observing his behavior in the campaign so far have noted Musk's "complete eschewal of discretion as a mode of political engagement", a particularly unusual choice for an ultra-wealthy individual, as well as his eagerness to receive attention.

Musk has faced legal and financial repercussions in the past for doing things that he thought were brilliant but that regulators did not. In 2018, Musk and Tesla agreed to pay $40m in fines over a tweet Musk had sent, including one saying that he was going to take Tesla public for $420 a share. Later, Musk tweeted that he did not regret the tweet and that the fines were "worth it"

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma Automobil
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).

-
Image
  SSANU, NASU threaten strike over withheld salaries The Joint Action Committee of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Educational and Associated Institutions have threatened to disrupt industrial peace in universities should the government fail to release the withheld salaries of members. The salaries were seized by the administration of former President Muhammadu Buhari during their strike in 2022. The unions, in a joint letter signed on Friday by the President of SSANU, Muhammed Ibrahim and General Secretary of NASU, Peters Adeyemi, questioned the rationale with which the government released four months withheld salaries to members of the Academic Staff Union of Universities but failed to release the withheld salaries of non-academic staff. The unions noted that they would no longer be able to assure the government of industrial peace in universities should the amounts owed by the government are not released. Earlier, the unions
Read more