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No Hike In Fuel Price -PPPRA, NNPC

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The Nigerian Petroleum Products Pricing Regulatory Agency (PPPRA) has on Thursday cleared air on the the speculations alleging increase in pump price of Premium Motor Spirit (PMS), also known as petrol after a publication on it’s website about pump price.

In a statement titled “Press Release on PMS Guiding Price” signed by its Executive Secretary, Abdulkadir Saidu denied that the agency has increased pump price of Petrol and noted that the posted guiding prices indicate market trends, not increase in pump price.

The statement reads:

“The attention of the Petroleum Products Pricing Regulatory Agency (PPPRA) has been drawn to speculations about the increased pump price of PMS.

The PPPRA by this release wishes to state clearly that the Guiding Prices posted on our website was only indicative of current market trends and do not translate to any increase in pump price of PMS.

However, publications by the media to this effect have been misconstrued and thus misleading.

The Agency wishes to remind the general public of the introduction of the Market Based Pricing Regime for PMS Regulation 2020 as gazetted by the Federal Government.

Based on this regulation, prices are expected to be determined by market realities in line with the dictates of market forces.

One of the conditions for the implementation of the Market-Based Pricing Regime for PMS Regulation 2020 is the monthly release of Guiding Price to reflect current market fundamentals.

The PPPRA in line with its mandate to maintain constant surveillance over all key indices relevant to pricing policy, monitors market trends on a daily basis to determine Guiding Prices.

The Agency is not unaware of the challenges with the supply of PMS due to some concerns leading NNPC to be the sole importer of PMS.

PPPRA is also mindful of the current discussion going on between the government and the Organised Labour on the deregulation policy.

While consultation with relevant stakeholders is ongoing, PPPRA does not fix or announce prices and therefore there is no price increase.

The current PMS price is being maintained while consultations are being concluded.

Even though market fundamentals for PMS in the past few months indicated upward price trends, the pump price has remained the same and we are currently monitoring the situation across retail outlets nationwide.

While assuring the public of adequate products supply as the average PMS DaySufficiency as of March 11, 2021 is over 35 days, the PPPRA pledges to continue to perform its statutory function in ensuring that the downstream sector remains vibrant as well as support both government and members of the public.”

In the same development, Nigerian National Petroleum Corporation NNPC has tweeted that there is no increase in the fuel price.

Oche Onu writes

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PETER OBI VISITS SOLUDO

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Peter Obi and Chukwuma Soludo

The presidential candidate of the Labour Party in the 2023 general election, Peter Obi, has paid the Anambra State Governor, Chukwuma Soludo, a courtesy visit at the Governor’s Lodge, Amawbia.

Soludo and Obi met behind closed-doors after which Obi lauded Soludo for the “great job he is doing in Anambra State.” This is contained in a statement posted to the Facebook Page of Soludo TV on Friday. The statement, which is titled, ‘Soludo receives Peter Obi on a courtesy visit’, read: “Governor Chukwuma Charles Soludo, CFR, received earlier today, Mr Peter Obi, former Governor of Anambra State and Presidential candidate of the Labour Party at the Governor’s Lodge, Amawbia.

“Both leaders had a mutual discussion behind closed doors. Afterwards, Mr Peter Obi commended Governor Soludo highly for the great job he is doing in Anambra State. Governor Soludo, on the other hand, welcomed Mr Peter Obi to Anambra as a prominent son of the state and wished him well in his Presidential bid as the Presidential candidate of the Labour Party.”

After the meeting, Soludo, wrote on his verified Facebook Page, “Today after my engagement with the YESS family, I received in audience my brother and Presidential candidate of the Labour Party, Mr. Peter Obi, in a private meeting at the Governor’s lodge, Amawbia.

“Mr. Obi is one of the two illustrious Sons of our dear State gunning to be the President of Nigeria. The other is Justice Peter Umeadi of our great Party, the All Progressives Grand Alliance (APGA).

“As the Governor of these great Sons of the State, I am proud of this moment in history. And wish them the best of luck.”

Source: The Punch

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Peter Obi in Close Meeting With Ortom, Wike, Mimiko, Ikpeazu, others

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The Presidential candidate of the Labour Party, Peter Obi, yesterday met with the Governor of Rivers, Nyesom Wike and other governors of the Peoples Democratic Party, PDP, in Rivers State.

The meeting is the second time Obi would meet with Wike after dumping the PDP and declaring his presidential ambition.

Obi’s meeting was disclosed via Twitter by former Governor of Ondo State, Olusegun Mimiko.

Mimiko disclosed that the meeting was held yesterday night.

Others in attendance include, former Governor of Cross River State, Donald Duke; former Governor of Gombe State, Ibrahim Dankwanbo; Benue State Governor, Samuel Ortom; Governor of Abia State, Okezie Ikpeazu; Mohammed Adoke and several others.

Sharing a photograph of the meeting, Mimiko wrote: “Nice to share some time last night with @GovWike @Donald_Duke @PeterObi @HEDankwambo @GovSamuelOrtom @GovernorIkpeazu, Mohammed Adoke SAN and many other friends.”

As of the time of filing this report, the aim and location of the meeting is unknown.

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Police Arrest “BUGA” Singer, Kiss Daniel

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Music star, Oluwatobiloba Daniel Anidugbe, also known as Kizz Daniel has allegedly been arrested by the Tanzanian Police.

Kizz Daniel was arrested for not showing up at his scheduled concert.

He was scheduled to perform at the Warehouse, Old Nextdoor Arena in Tanzania on Sunday but did not show up to the venue.

Disgruntled fans had taken to social media, expressing displeasure over the Singer’s failure to show up on Sunday.

Reports said the ‘Buga’ crooner refused to mount the stage because he allegedly forgot his travelling bag in Uganda and didn’t want to wear borrowed clothes.

However, the angry fans who reportedly paid $5000 for tables were seen hurling bottles at each other and destroying properties at the event centre.

A viral video of the arrest showed the singer wearing a hooded jacket and being led into a police vehicle.

This is the second time the singer has failed to perform at a fully booked concert while fans waited.

He had last month kept fans waiting for hours at his DMV concert in New York but later blamed his no-show on immigration challenges.

Source: The Punch

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