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Marketers accuse Dangote refinery of selling fuel at high cost

Dangote

Hopes for cheaper petrol in Nigeria have dimmed after petroleum marketers stated that the Dangote Refinery, a $20 billion investment, is not intended to supply low-cost fuel.

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) expressed this view in a recent interview with Daily Post, following Dangote Group’s announcement of its fuel price template.

The spokesperson for Dangote Group, Anthony Chiejina, revealed that the refinery’s petrol price would be set between N960 and N990 per litre, depending on whether it’s transported by ships or trucks.

This announcement comes months after the refinery began fuel distribution on September 15, 2024.However, PETROAN’s president, Billy Gillis-Harry, noted that the difference between Dangote’s ex-depot price of N990 per litre and the Nigerian National Petroleum Company Limited (NNPCL) price of N1,025 per litre is minor, failing to make a significant impact that would reduce the importation of petrol.

He added that if Dangote Refinery’s aim had been to benefit Nigerians, its petrol price would have been significantly lower than imported fuel.“There is only a N35 difference between Dangote’s N990 and NNPCL’s N1,025,” Gillis-Harry said.

“This doesn’t amount to meaningful savings for consumers.”IPMAN President Abubakar Maigandi raised concerns that Aliko Dangote, Dangote Group’s founder, may not fully understand the interests of petroleum marketers, particularly the need for them to buy directly from the refinery.

IPMAN, which owns 85% of the filling stations in Nigeria, insists that direct purchases from Dangote Refinery would reduce the cost at their outlets and benefit end-users.

Maigandi suggested that Dangote Group may not be fully aware of IPMAN’s impact in the oil market, noting that any entity attempting to sideline the association is unlikely to succeed.

“We are in a deregulated market, so we can’t question the Dangote pricing,” Maigandi said. “But what we need is to source petrol directly from the refinery, enabling us to offer lower prices to Nigerians.”Meanwhile, high fuel costs continue to drive up the price of goods and services across the country.

Some Nigerians are now taking to the streets in protest.

On Monday, demonstrators gathered outside NNPCL headquarters in Abuja, demanding the removal of Group Chief Executive Officer Mele Kyari.Currently, NNPCL outlets are selling petrol at prices between N1,025 and N1,060, while other fuel stations are charging between N1,115 and N1,300 per litre.

Despite the Dangote Refinery now producing fuel domestically, Nigeria remains reliant on imports.

Major Energy Marketers Association of Nigeria recently disclosed that the landing cost of imported petrol was N978 per litre as of October 31, 2024.

Amid these price challenges, IPMAN is exploring alternatives to source cheaper fuel, potentially offering relief to Nigerian consumers in the future.

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Delta approves N713m for 2024 students bursary payment — Official

Gov. Sheriff Oborevwori of Delta has approved the sum of N713 million for the 2024  bursary award for 32,028 students in tertiary institutions in the country.

The Executive Secretary of the State Bursary and Scholarship Board, Dr. Godfrey Enita, disclosed this in a statement made available to newsmen on Thursday in Asaba.

According to Enita, the governor’s approval for the year 2024, the bursary award will cover students of state origin in public and private universities.

“It also covers students in polytechnics, mono-technics, colleges of education, schools of nursing science, and other tertiary schools, including military and paramilitary institutions.

He described the governor’s gesture as rare and uncommon and should be applauded.

“The governor demonstrates his magnanimity and goodwill towards the well-being of the Delta students and youths in general.

“It also underscores his commitment towards educational advancement through financial assistance to students in diverse forms and through massive infrastructural development in schools across the state.

“It is hoped, as always, that beneficiaries of the state’s financial assistance schemes will continue to be worthy ambassadors of Delta wherever they find themselves,” he said.

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Labour Party Launches Grassroots Initiative to Empower Youths Ahead of 2027 Elections

The Labour Party (LP) has launched a nationwide initiative to strengthen grassroots mobilization and empower youth leaders as part of its strategic preparation for the 2027 general election.

This initiative aims to harness the energy and creativity of young Nigerians to drive change and secure the presidency.

Speaking at the Labour Party National Youth Leaders Conference on Wednesday in Abuja, the Director-General of the Labour Party Directorate of Mobilization and Integration, Marcel Ngogbehei, underscored the critical role of youth in shaping the country’s political future.

He emphasized the importance of unity and collaboration among youths, describing them as essential drivers of the transformation Nigeria urgently needs.

Ngogbehei highlighted the significance of grassroots leadership in fostering national unity and bridging divides among communities and stakeholders.

He noted that empowering youth leaders at the grassroots level is a vital step towards addressing Nigeria’s most pressing challenges, including security, economic empowerment, education, sustainable development, and good governance.

The Directorate reaffirmed its commitment to providing comprehensive support to youth leaders.

This includes offering training programs to build their capacity, creating advocacy platforms to amplify their voices, and equipping them with tools to enhance their effectiveness.

According to Ngogbehei, these measures will help ensure that youth leaders are better prepared to lead mobilization efforts and contribute meaningfully to the party’s success in the coming elections.

Outlining the Labour Party’s vision, Ngogbehei reiterated the party’s dedication to creating a fair, inclusive, and accessible political space where young people play a central role in policy formulation and strategic decision-making.

He noted that the concerns, aspirations, and visions of young Nigerians must not only be heard but must also shape the direction of the party’s policies and strategies.

“The energy, creativity, and commitment you bring to our party are not only inspiring but essential as we work to build a stronger and more inclusive Labour Party and Nigeria,” Ngogbehei stated.

“Our nation is at a pivotal point, and your role as youth leaders cannot be understated. You are not just the voice of tomorrow—you are the force of today.

”He urged the participants at the conference to use the platform to strategize effectively, build networks, and develop actionable solutions to address the challenges facing the country. Ngogbehei emphasized that the success of the Labour Party’s mission depends on the active participation and leadership of its youth, who represent the future of Nigeria’s democracy.

The conference marked a significant step in the Labour Party’s efforts to position itself as a viable alternative in Nigeria’s political landscape, with young leaders at the forefront of its campaign for change.

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13th Women AFCON: Super Falcons to know group stage opponents on Friday

Nine-time champions Nigeria will know their opponents for the group phase of next year’s Women Africa Cup of Nations competition when the draw is conducted at the Technic Centre of the Mohamed VI Football Complex in Sale, outside Rabat, Morocco on Friday evening.

The field of 12 finalist-teams will be framed into three groups of four teams each, with the top two teams in each group, as well as the best two third-placed teams in the three groups, advancing to the quarter-finals of the competition scheduled for Morocco.

Of the 12 previous tournaments held since Nigeria hosted the inaugural in 1998, the Super Falcons have been victorious nine times, with Equatorial Guinea winning twice and South Africa sweeping to victory in the last edition, also hosted by Morocco in July 2022.

All the four top-placed teams in that last edition are also in the field of 12 this time, viz Cup holders South Africa, hosts Morocco, Zambia and Nigeria.

Also qualified are Ghana, Algeria, Botswana, Democratic Republic of Congo, Tunisia, Senegal, Tanzania and Mali.

The 13th Women Africa Cup of Nations finals will take place 5th – 26th July 2025.

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NFF holds match commissioners’ seminar in Asaba

All is set for the Nigeria Football Federation’s match commissioners’ seminar (southern conference) for this year, which is billed to take place at the Stephen Keshi Stadium, Asaba, Delta State on Friday.

Chairman of the NFF Match Commissioners’ Appointment Committee, Alhaji Babagana Kalli, told thenff.com that the Chairman of the NFF Technical and Development Committee, Alhaji Sharif Rabiu Inuwa, will represent the NFF President, Alhaji Ibrahim Musa Gusau and declare the programme open on Friday morning.

Former Vice Chairman of the Imo State Football Association, Sir Emma Ochiagha and Secretary of the NFF Match Commissioners’ Appointment Committee, Mr. Danlami Alanana are the resource persons for the one-day event.

Alanana disclosed that the objective of the seminar is to re-acquaint the match commissioners in the Nigeria National League (NNL), the Nigeria Women Football League (NWFL) and the Nationwide League One (NLO) with both the rudiments and the fine points of match reporting, and to also emphasize the high importance of credible match reporting, as organizers always rely on their match reports to take decisions in case of crises or controversies.

Last year’s southern conference seminar (the first of its kind) was held in Abeokuta, Ogun State, while the northern conference seminar took place in the city of Kano. 

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Simon Ekpa to be extradited to Nigeria – Defence

The Nigerian Defence Headquarters has confirmed that Simon Ekpa, the self-proclaimed prime minister of the Indigenous People of Biafra (IPOB), will be extradited to Nigeria to face charges of terrorism brought against him.

Director of Defence Information, Brig Gen Tukur Gusau, disclosed this on Thursday night, adding that the Chief of Defence Staff, Gen Chris Musa, is pleased with Ekpa’s arrest in Finland, hoping it will pave the way for his extradition to Nigeria to face justice.

Gusau wrote: “CDS is happy with his arrest in Finland, with the hope this will be a step towards his extradition to Nigeria so that he will face justice.”

Ekpa’s arrest is connected to allegations of using social media platforms to spread separatist propaganda linked to IPOB, promoting violence against civilians and authorities in southeastern Nigeria.

The Finland district court in Lahti ordered his remand on probable cause for public incitement to commit a crime with terrorist intent in Nigeria, with offences dating back to August 23, 2021.

Additionally, Ekpa has been investigated for alleged financial crimes, including collecting funds through questionable means.

Four other suspects, accused of financing terrorism, are believed to have committed crimes in August 2022 in Lahti.

The Nigerian Government has been seeking Ekpa’s extradition, and the Defence Headquarters’ announcement makes it a good development in the case.

Ekpa’s extradition is expected to facilitate his trial in Nigeria, addressing concerns about his alleged role in promoting violence and separatism.

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HP Wolf Security Launches Advanced Physical Cyberattack Protection for Business Introducing HP Enterprise Security

Edition: Comprehensive Safeguards Against Hardware and Firmware TamperingLagos, Nigeria – November 21, 2024 – HP Inc. (NYSE: HPQ) has unveiled the HP Enterprise Security Edition, a revolutionary suite of security features designed to protect HP business-class PCs from targeted physical cyberattacks.

This innovative solution offers robust multilayered defense for hardware and firmware, coupled with unparalleled visibility into potential tampering throughout the device lifecycle.With the rise of hybrid work and Work from Anywhere (WFA), the risk of physical cyberattacks has surged. Attackers exploiting brief physical access to PCs pose significant threats to organizations.

A recent survey reveals that over 51% of IT Security Decision Makers (ITSDMs) are concerned about their inability to detect hardware or firmware tampering during transit. HP Enterprise Security Edition addresses these vulnerabilities, empowering IT teams to detect and prevent unauthorized alterations while safeguarding devices from persistent threats.

Key Features of HP Enterprise Security Edition1. Firmware LockA user-controlled lock at the firmware level, used alongside HP Sure Admin. When activated, this feature employs HP Sure Admin’s cryptographic, password-free authentication, preventing unauthorized access even if the device is left unattended.

This lock offers significantly stronger protection than traditional operating system locks.2. Platform CertificatesDigital certificates validate the integrity of critical hardware and firmware components, such as processors, memory, BIOS, or PCIe devices.

This ensures that no unauthorized modifications occur, enhancing overall device security.3. Sure Start Virtualization ProtectionPre-boot protection isolates malicious or compromised third-party hardware—such as devices connected via Thunderbolt™/USB-C or PCIe ports—within a micro-virtual machine.

This safeguards the device from firmware contamination and prevents attackers from exploiting vulnerabilities.—Revolutionizing PC SecurityDr. Ian Pratt, Global Head of Security for Personal Systems at HP Inc., stated:> “Physical attacks are typically well-planned, often linked to nation-state campaigns or corporate espionage. However, the growing underground market for corporate network access is driving opportunistic attacks—exploiting moments of vulnerability, like unattended PCs in public spaces.”Dr. Pratt emphasized the importance of hardware security:> “By compromising hardware or firmware, attackers can establish a nearly undetectable foothold, gaining long-term access to sensitive networks and data.

HP Enterprise Security Edition provides critical defenses to prevent these threats, while equipping IT teams with the tools to validate device integrity.”—Strengthening Resilience and VisibilityHP Enterprise Security Edition empowers organizations with:

Enhanced Platform Integrity: Protects hardware and firmware layers beneath the operating system.Supply Chain Risk Mitigation: Validates hardware and firmware integrity before onboarding.

Lifecycle Security Governance: Maintains control over device security from deployment to retirement.

These measures ensure businesses can confidently secure sensitive data, enabling hybrid work without compromising security.—Availability

The HP Enterprise Security Edition will be available for select HP PC platforms.—About HP Inc.HP Inc. (NYSE: HPQ) is a global technology leader delivering innovation that connects people and ideas.

Operating in over 170 countries, HP offers sustainable solutions across personal computing, printing, 3D printing, hybrid work, and gaming. Visit www.hp.com for more information.

About HP Wolf SecurityHP Wolf Security provides world-class endpoint protection with hardware-enforced solutions that safeguard PCs, printers, and users from cyber threats. Learn more at www.hp.com/wolf.Media Contact:THOP for HPAdeola – adeola@wearethop.com

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