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Easter: IPMAN assures regular petrol supply in Southeast

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Fuel queues resurface in Kaduna as IPMAN threatens strike

… As Agency confirms leak, decries economic impact of oil theft***

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured motorists and Premium Motor Spirit users in the Southeast that there would be a regular supply of products during Easter.

Mr Chinedu Anyaso, the IPMAN Chairman, Enugu depot community in charge of Anambra, Ebonyi and Enugu gave the assurance in an interview with the newsmen in Awka on Saturday.

Also read: IPMAN blames private depot owners for hike in PMS price

The IPMAN chairman said that people should not panic because members in the zone had products at the outlets.

According to him, a good number of trucks are loading at the depots and, under the current supply, there is nothing that will lead to product shortage.

“There is no shortage of product now, our members have enough products and more are on the way; so nobody should panic, transporters should not take undue advantage of travellers in the name of petrol scarcity,” he said.

Anayaso, however, said it was regrettable that markets in the zone had relied on depots outside the zone for sourcing of products for more than 15 years when the Enugu depot went moribund.

He said that marketers in the zone had faced additional operational challenges associated with long-distance and bad road while transporting products from Lagos, Warri and Calabar.

He urged the Federal Government to reactivate the Enugu depot to ease the challenges of downstream operators in the zone.

He also called on governors of the Southeast to support the siting of tank farms and the building of refinery in the region.

In the meantime, the National Oil Spills Detection and Response Agency (NOSDRA) has confirmed an oil leak from a 12-inch  Benisede-Brass Creek Delivery Line at Peretuorugbene in Bayelsa.

The Director-General of the agency, Mr. Idris Musa, confirmed the incident on Sunday in an interview with the newsmen in Yenagoa.

Musa said the incident on the Shell Petroleum Development Company of Nigeria (SPDC) facility was investigated by NOSDRA.

He said the agency concluded its investigation on Saturday and regretted the adverse impact of oil theft and pipeline vandalism on the environment and economy of the nation.

He  blamed the massive drop in power generation and collapse of the national grid on the frequent vandalism of gas pipelines.


According to Musa, a joint investigation conducted by NOSDRA, the operator, and community representatives on the incident indicated that it was caused by suspected oil thieves.

He said that the investigating team discovered that the thieves installed several “tapping points” on the Benisede-Brass Creek pipeline from where they siphoned crude.

Tha NOSDRA boss decried the act, describing it as economic sabotage.

He called on stakeholders to rise against the menace which, he said, had reached an alarming proportion.

“Despite several appeals to our people to put the interest of our nation’s environment and the economy first, some unpatriotic elements continue to inflict untold hardship on our environment and economy.

“They do this by installing several tapping points on crude oil pipelines, particularly the current incident,” Musa said.

He called on the public to join hands with the government to flush out the criminal elements that are bent on enriching themselves through pipeline vandalism and oil theft.

Economy

Naira Gains N61.38 Against Dollar At Official Market

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Naira Gains N61.38 Against Dollar At Official Market

The Naira on Wednesday appreciated at the official market, trading at N1,459.02 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N61.38.

This represents a 4.04 per cent gain when compared to the previous trading date on Tuesday, when the local currency exchanged at N1,520.40 to a dollar.

Also, the total daily turnover increased to 289.14 million dollars on Wednesday up from 128.76 million dollars recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,593 and N1,401 against the dollar. 

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Economy

Court Dissolves Marriage With 3 Children Over Wife’s Stubbornness

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Court Dissolves Marriage With 3 Children Over Wife’s Stubbornness

…Orders 3 months iddah period before wife could remarry

An Area Court, sitting at Centre-Igboro, Ilorin, has dissolved an Islamic marriage between Omotosho Hakeem and Salamat Abdulrasak on mutual agreement.

The Presiding Judge, Ahmed Abdul Kadir, dissolved the marriage and ordered that the wife should observe a three-month iddah period before she could remarry.

The petitioner had earlier told the court that he was no longer interested in the marriage, saying that she usually refused to apologise for any wrongdoing.

He, therefore, sought a divorce, praying the court to compel his estranged wife to pack her belongings, along with their three children out of the house.

The respondent agreed to the divorce suit but wanted the husband to provide a place where she would observe her three-month iddah period with her children.

She also wanted the petitioner to be responsible for her feeding during the period and pay N15,000 monthly for the children’s upkeep.

The case was consequently adjourned till May 16 for report of settlement and custody of the children. 

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Economy

Naira Depreciates Wednesday, Sells N1,421.06 Against Dollar

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Naira Gains N61.38 Against Dollar At Official Market

Government efforts at strengthening the Naira has again suffered a setback as the Naira slightly depreciated at the official market on Wednesday, trading at N1,421.06 to the dollar.

Data from the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N4.49.

This represents a 0.31 per cent loss when compared to the previous trading date on Tuesday when it exchanged at N1,416.57 to a dollar.

However, the daily turnover increased to N164.74 on Wednesday, up from 160.77 million dollars recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,440 and N1,335 against the dollar. 

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