Skip to main content

Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...

Presidential Tribunal Affirms Tinubu Victory, Says Atiku, Obi's Petitions Lack Merit



By Favour & Akinola Ajibade 


President Bola Tinubu of the All Progressives Congress (APC), yesterday, invited the Presidental Candidates of People's Democratic Party( PDP) and Labour Party ( LP), Messrs Abubakar Atiku and Peter Obi respectively to join him in building the country. 

This follows his affirmation by the Presideial Election Petitions Court(PEPC) in Abuja that he legitimately won the February 25th Presidential Election. 

Recall that the issue has dragged for sometime, causing controversy among political gladiators, as major parties involved namely All Progressive Congress, Labour Party ( LP) and People's Democratic Party (PDP) claimed that they are won the election.

According to the tribunal, the Peoples Democratic Party (PDP) and its flag bearer, Atiku Abubakar —  did not successfully prove the allegations against this ground and indeed all the grounds in their petition, hence the declaration that President Tiinubu won the election.

Speaking on the matter, leader of the five-man Presidential Tribunal Panel, Justice Haruna Tsammani said, “This petition accordingly lacks merit. I affirm the return of Bola Ahmed Tinubu as the duly elected President of the Federal Republic of Nigeria. The parties are to bear their cost.”

Also, the court expunged 37 exhibits tendered by the witnesses from the its records.

He said the issue bordering on dumping of documents on the court,  would only go to the weight to be attached to such evidence. 

On the issue of Tinubu’s conviction and the issue of his dual citizenship, the Tribunal held that these issues were incompetent and liable to be struck out and same were indeed struck out.

Meanwhile, the Labour Party (LP) has rejected the judgments of the Presidential Election Petitions Court on the issue.

The party, in a statement after the verdict of the Tribunal on Wednesday,  by LP’s National Publicity Secretary, Obiora Ifoh, said justice was not served in the petitions of the party against the APC and Tinubu.

He also said the Labour Party will make its next move known upon consultation with its lawyers after receiving the Certified True Copy of the judgments.

The party said the judgment of the court “did not reflect the law and the desire of the people”.

“Nigerians were witnesses to the electoral robbery that took place on February 25, 2023, which was globally condemned but the Tribunal in its wisdom refused to accept the obvious,” the statement partly read.

“What is at stake is democracy and we will not relent until the will of the people prevails."

Comments

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 C...

Oil Block: Why Fed Govt Prioritises Production Bonus To Attract Local & Foreign Investors

Oil Blocks: Why FG Prioritizes Production Bonus to Attract Local and Foreign Investors By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied on a high signature bonus, which refers to a single, non-recoverable lump sum payment made upfront by oil companies for their rights to develop oil blocks, as an option for maximizing revenue generation, thus discouraging investors with limited resources from bidding. Currently, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC which regulates activities in the nation’s oil and gas industry, has removed all entry barriers to attract massive investments. This strategy aims at growing oil and gas production, enhancing Nigerian Content Development, attracting Foreign Direct Investment, contributing to l...

Axella Plans To Deepen Gas Utilisation in Nigeria

Axella' s Director of Business Development, Mr Franklin Imole By Favour  Ifeoluwa & Akinola Ajibade Axella's Gas Processing Plant announces Final Investment Decision ( FID) to develop a 50 MMASCF/D Gas Processing Plant, with h a view to deepen utilisation of gas  in the country. The firm, which is situated  in 0ML 56 in Delta State,  said that its making strategic investment in order to ensure that gas is available for industrial use in Nigeria. Situated in  Delta State, Southern Nigeria and billed to commence operation by the end of 2024, the facility, Axella' said, boasts of 12 MMSCF  Modular Plant with an interconnection pipeline network of about 4kilometres alongside other ancillary infrastructure. The facility, the company added, is expected to commence operation by the end of this year. Speaking on the plant ,  Axella's  Director of Business Development, Franklin Imole said: " As the Federal Government continues to pursue its...