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Fuel supply: NNPC seeks to increase retail outlets

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The Nigerian National Petroleum Corporation (NNPC) says it is set to increase its 14 per cent market share in the nation’s downstream petroleum retail market.

The Group Managing Director of NNPC, Dr Maikanti Baru, said this during NNPC Special Day at the ongoing Lagos International Trade Fair on Thursday in Lagos.

The News Agency of Nigeria, reports that the fair was organised by the Lagos Chamber of Commerce and Industry (LCCI).

Represented by Mr Ikem Obi, Chief Operating Officer, NNPC Downstream, Baru said the corporation aimed to go beyond its current 14 per cent market share of the downstream sector.

“To aid in achieving this target, we have expanded our retail outlets, notable examples are, indeed, located here in the South-West.

“For example, we have the newly constructed ultra-modern mega station along the Lagos-Ibadan Expressway.

“The corporation is leaving no stone unturn to ensure that Nigerian Pipeline and Storage Company’s existing infrastructure are rehabilitated and new ones added as necessary steps to guaranteeing efficient storage and distribution of petroleum products across the nation, thereby ensuring supply reliability and energy security,” he said.

Baru said NNPC had recently completed the rehabilitation and restoration of the vandalized 36” and 42” QIT and 48” Forcados Oil Terminal (FOT) Export pipelines leading to resumption of production operations.

“The corporation has also completed the repair of the vandalized 20” ELPS-A pipeline, thereby ensuring gas supply to gas-fired power plants and also supply into the West African Gas Pipeline.

“We have also awarded the contract for the construction of the Ajaokuta-Kaduna-Kano (AKK) line gas infrastructure projects,” he said.

He said that NNPC was expanding and integrating its gas pipeline network system to meet the unprecedented domestic gas demand and have recorded significant progress in the execution of key on-going gas pipeline infrastructure projects.

He said that all these activities would invariably impact positively on the economy in view of the role of the oil and gas industry as the number one foreign exchange earner for the country and NNPC’s position as managers of government interests in the sector.

Earlier, Mr Babatunde Ruwase, President of LCCI, said that the role of NNPC could not be overemphasised in ensuring petroleum products supply.

He urged the Federal Government to expedite the passage of the Petroleum Industry Bill (PIB) and also create an enabling environment for businesses to thrive

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Just In : Awujale of Ijebuland,Sikiru Adetona, dies at 91

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The Awujale and paramount ruler of Ijebuland, Oba Sikiru Kayode Adetona, has passed away at the age of 91.

The respected monarch reportedly died on Sunday, just hours after the announcement of the death of his longtime friend and former President, Muhammadu Buhari.

Mourning his passage, a prince of Ijebu, Prince Adedoyin Alatishe wrote on X, “Baami Ogbagba agbatewole ,  Erin wo. Omo anikilaya saagbu.”

Adetona, who ascended the throne in 1960, was one of Nigeria’s longest-reigning traditional rulers and widely revered for his contributions to the sociopolitical development of Ijebuland and Ogun State at large.

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Breaking: Former president Muhammadu Buhari has Died at a clinic in London

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Former president muhammadu Buhari has died at a hospital in London this afternoon according to the family, He was former military head of  state  in 1983.

The family of the former president has announced the passing on of the former president, Muhammadu Buhari, GCFR, this afternoon in a clinic in London. May Allah accept him in Aljannatul Firdaus, Amin.”

Detials later

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Breaking : Tinubu returns to Abuja tonight after diplomatic visits to Saint Lucia, Brazil,Says Onanuga

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President Bola Ahmed Tinubu is expected to arrive Abuja later tonight following a two-nation diplomatic tour that took him to Saint Lucia in the Caribbean and Brazil in South America.

His return was confirmed in a message posted on Saturday afternoon by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, on his verified X handle, @aonanuga1956.

“President Bola Ahmed Tinubu returns to Abuja today after his two-nation visit to Saint Lucia and Brazil,” the presidential aide stated.

The President departed Nigeria on Saturday, June 28 for what was described as a strategic outreach aimed at strengthening ties with regions historically under-engaged in Nigeria’s diplomatic matrix.

His first stop was Saint Lucia, where he made a historic visit to build new ties and explore emerging partnerships with Caribbean states.

While in Saint Lucia, Tinubu interacted with regional leaders under the Organisation of Eastern Caribbean States (OECS), reinforcing Nigeria’s growing interest in Caribbean diplomacy and South-South cooperation.

He subsequently proceeded to Brazil to participate in the 17th BRICS Summit held in Rio de Janeiro.

On the sidelines of the summit, President Tinubu held a bilateral meeting with his Brazilian counterpart, President Luiz Inácio Lula da Silva.

The leaders co-chaired the Nigeria-Brazil high-level bilateral meeting , where they discussed mechanisms to boost trade, infrastructure financing, and cultural cooperation between Africa’s most populous country and Latin America’s largest economy.

With the President’s return, focus is expected to shift to domestic engagements and follow-up actions on the diplomatic and investment commitments made during his foreign tour.

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