PRES. TRUMP AWARDED INAUGURAL FIFA PEACE PRIZE AT WORLD CUP DRAW IN WASHINGTON . (PHOTOS).

-
Image
 President Trump awarded inaugural FIFA Peace Prize at World Cup draw in Washington  Gianni Infantino, the FIFA President presented the honour onstage at the Kennedy Center for the Performing Arts on Friday, saying Trump had been selected “in recognition of his exceptional and extraordinary actions to promote peace and unity around the world”. “This is your prize, this is your peace prize,” Infantino said, after Trump took the stage to accept the trophy, a medal and certificate. “There is also a beautiful medal for you that you can wear everywhere you want to go.”   FIFA says the prize is for “individuals who help unite people in peace through unwavering commitment and special actions”.  Accepting the award, Trump called it “one of the great honours of my life”, before claiming to have “saved millions and millions of lives – the Congo is an example, over 10 million people killed and it was heading for another 10 million very quickly. India and Pakistan, so many diffe...
Post a Comment

NNPCL UNDER PRESSURE TO CUT PETROL PRICES AMID COMPETITION WITH DANGOTE REFINERY. (PHOTO).

-


 NNPCL Under Pressure to Cut Petrol Prices Amid Competition with Dangote Refinery


The Nigerian National Petroleum Company Limited (NNPCL) is considering a fresh reduction in petrol prices following a price cut announced by MRS filling stations in partnership with Dangote Refinery.


This development was confirmed in separate interviews with the National President of the Petroleum Products Retail Outlet Owners Association (PETROAN), Billy Gillis-Harry, and the Spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike.


On Monday, MRS filling stations reduced their pump prices to ₦925 per litre in Lagos, ₦933 in the South-West, ₦945 in the North, and ₦955 in the South-East, down from the previous rate of around ₦970 per litre. This follows Dangote Refinery’s earlier ex-depot price reduction from ₦970 to ₦870 per litre on February 1, 2025.


NNPCL Likely to Follow Suit

Gillis-Harry and Ukadike believe that NNPCL will soon lower its petrol prices to stay competitive in the downstream sector.


Gillis-Harry: “NNPC has no choice but to reduce prices. Consumers will naturally opt for the cheaper option.”

Ukadike: “With the ongoing price war between NNPCL and Dangote Refinery, NNPCL will have to respond with a price cut.”


Fuel Price Cuts Yet to Impact Transport Costs

Despite the price reductions, transportation and food costs remain unchanged.


Gillis-Harry: "Weak purchasing power is why fuel price cuts aren’t affecting transport fares or food prices."

Ukadike: "The impact will be gradual and will eventually reflect in transportation and other sectors."


Concerns Over Frequent Price Adjustments

Gillis-Harry criticized the frequent petrol price fluctuations, warning that they could disrupt fuel supply and cause losses for marketers who purchased stock at higher rates.


“Marketers who bought fuel at ₦970 per litre cannot sell below cost.”

“MRS and Dangote Refinery still face challenges due to weak consumer purchasing power.”


In December 2024, Dangote Refinery had reduced its petrol ex-depot price from ₦899.50 to ₦870, while NNPCL also announced a price drop. The ongoing price rivalry between both entities has led to multiple fuel price reductions in recent months.

Comments

Post a Comment

Popular posts from this blog

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

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 ...
Read more

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more