Skip to main content

"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
Post a Comment

NMDPRA to Fuel Outlets: Accept Payment through PoS or Face Sanctions

Fuel scarcity


By Favour Ajibade


The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), yesterday, says it would sanction any retail outlet, which, rejected  payment for fuel through Pont of Sales( PoS) machines. 

The body, hitherto known as Department of Petroleum Resources( DPR) said this in a statement made available to the media. 

In the statement, signed by its General Manager Corporate Corporations and Stakeholders Management, Kimchi Apollo, the agency attributed the development to the on-going cash crunch, a fall out of naira redesigning policy and the subsequent failure of the Central Bank of Nigeria (CBN) and  Deposit Monetary Banks ( DMBs) to issue new and old naira notes. 

The statement further said NMDPRA and the security agencies will henceforth be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

The statement added:”It has come to the attention of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that some retail outlets are not accepting the use of Point of Sale (POS) machines at their filling stations due to the recent cash crunch brought about by the new Naira design.

“The Authority frowns at this recent behaviour which is causing untold hardship for Nigerians at a time when all hands should be on deck to assist the Government in the transition to the new Naira.

“All retail outlets are directed to ensure the free use of POS and bank transfer for the sale of petroleum products to alleviate the suffering of customers at this critical time.

“The Authority and security agencies will be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

“We reassure the general public of our commitment to ensuring good quality service in the sale and distribution of petroleum products nationwide” reads the statement in parts




 

The warning follows reports that some retail outlets rejecting the use of POS machines at their filling stations due to the recent cash crunch brought about by the new Naira redesign.

The agency in a statement,disclosed that the Authority and security agencies will be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

Kimchi Apollo,the General Manager, Corporate Communications and Stakeholders Management,


quoted the Authority to have directed all retail outlets to ensure the free use of POS and bank transfer for the sale of petroleum products to alleviate the suffering of customers at this critical time.

The statement added:”It has come to the attention of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that some retail outlets are not accepting the use of Point of Sale (POS) machines at their filling stations due to the recent cash crunch brought about by the new Naira design.

“The Authority frowns at this recent behaviour which is causing untold hardship for Nigerians at a time when all hands should be on deck to assist the Government in the transition to the new Naira.

“All retail outlets are directed to ensure the free use of POS and bank transfer for the sale of petroleum products to alleviate the suffering of customers at this critical time.

“The Authority and security agencies will be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

“We reassure the general public of our commitment to ensuring good quality service in the sale and distribution of petroleum products nationwide” reads the statement in parts

Comments

Post a Comment

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first Chairman of Pineapple Estate, Ikorod
1 comment
Read more

NNPC Completes Mechanical Rehabilitation of Port Harcourt Refinery Plant

By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company (NNPC) Limited, says that it has mechanically completed the rehabilitation of Area 5 Plant of the Port Harcourt Refining Company (PHRC). The nation's oil company began rehabilitation of the refinery two years ago, while at the same time, promised to complete its by 31st December 2023. The Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed. “In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated. The GCEO commended NNPC's staff and the EPCIC contractors for doing a g
Post a Comment
Read more

Fed Govt Commences New VAT Sept 1

By Favour & Akinola Ajibade Buoyed by the resolve to deepen the country's revenue base and further and further speed up implementation of capital projects in Nigeria, the  Federal Government will in the next six days, precisely September 1, this year, starts collecting the  new Value Added Tax( VAT).  The government is achieving  this goal through the Federal Inland Revenue Service(FIRS).  FIRS, in a statement,  said subject to the Finance Act 2023, VAT withheld or collected, VAT on items excluded from building, the new Tertiary Education Tax rate of 3 per cent and Investment Allowances and Convertible Currencies will become effective September 1, 2023. Certain amended provisions of the Finance Act 2023 were enacted on 28th May, 2023 with the effective date of 1st May 2023. However, the effective date was changed to 1st September 2023. Some of the amended Sections are 14 (3) which deals on VAT Withheld or Collected. The VAT Act was amended to the effect that persons
Post a Comment
Read more