In a world where kindness is a currency, Alhaji AbdulSamad Rabiu is a billionaire of benevolence with a difference. As the world grapples with the challenges of inequality and social injustice, his heart beats with a compassion that defies the boundaries of time and space, resonating with the rhythms of humanity.
Prophets are highly revered personalities because of their spiritual prowess to foretell what would happen at a particular point in the future. Their divine inspiration, interpretation and revelation of events to come are considered sacred because of the potent propensity for undiluted manifestation.
Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be allowed to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen, as enshrined in the PIA act.
Spokesperson of the Dangote Group, Anthony Chiejina said last night: “We are in receipt of NUPRC's statement that they have facilitated the allocation of 29 million barrels of crude oil to the Dangote Petroleum Refinery and Petrochemicals, we would like to thank them for this allocation but at the same time we wish to let them know that we are yet to receive these cargoes.
“Aside from the term supply we bilaterally negotiated with NNPCL, so far NUPRC has only facilitated the purchase of one crude cargo from a domestic producer. The rest of the cargoes we have processed were purchased from international traders.”
Chiejina said that: “All we are asking for, is for refineries in Nigeria to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen. This is specified in the PIA. Unfortunately, the NUPRC has effectively admitted in their statement, that they will be unable to enforce the domestic crude supply obligation as specified in the PIA citing "sanctity of contracts" as an excuse.
It would be recalled that Dangote Petroleum Refinery management had insisted that it was not yet getting enough crude required for the effective optimization of its refinery from the Nigerian National Petroleum Corporation Limited (NNPCL).
The Refinery Management, in a release signed by, Group Chief, Branding and Communications Officer, Anthony Chiejina revealed that, “we therefore still insist that we are unable to secure our full crude requirement from domestic production and urge the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to fully enforce the domestic crude supply obligation as mandated by the PIA.”
Chiejina clarified that his company has never accused NNPC of not supplying “…us with crude. Our concern has always been NUPRC's reluctance to enforce the domestic crude supply obligation and ensure that we receive our full crude requirement from NNPC and the IOCs.”
He further explained that “For September, our requirement is 15 cargoes, of which NNPC allocated six. Despite appealing to NUPRC, we've been unable to secure the remaining cargoes. When we approached IOCs producing in Nigeria, they redirected us to their international trading arms or responded that their cargoes were committed.
Consequently, we often purchase the same Nigerian crude from international traders at an additional $3-$4 premium per barrel which translates to $3-$4 million per cargo”
The Pastor of New Reservation Area Baptist Church, Iyaganku, Ibadan, Oyo State, Rev. Kayode Oyedemi, on Friday disclosed that late Justice Adegboye Ayinla Gbolagunte of the Oyo State Judiciary knew he would die and so had planned his funeral by choosing the cemetery his remains would be buried, and had paid for his vault.
The people of Ado/Ogbadibo/Okpokwu Federal Constituency have been urged to correct their "biggest mistake" in electing a representative accused of being a blackmailer and errand boy for corporate interests.
A former House of Representatives member from Ogun State, Hon. Kayode Jelili Amusan has pleaded with the organizers of the planned nationwide protest tagged ‘End Bad Governance’ slated for August 1, 2024 to reconsider their stance and rather show more understanding and patience towards the many initiatives and programs the Federal Government is deploying towards alleviating the present harsh economic realities the nation is presently facing.
One of Nigeria’s fastest growing hospital groups and renowned fertility experts, St. Ives hospital has opened a new, ultra-modern branch at FESTAC, Lagos.
In a world where business moguls often thrive in the spotlight, drawing attention with high-profile deals and public appearances, Onajite Okoloko stands out for his conspicuous absence.
Dr. Princess Kelechi Oghene, the illustrious businesswoman and author, recently marked her milestone birthday in a celebration that was as glamorous as it was inspiring. The event, held at the luxurious Delborough Lagos, also served as the launch for her new book, “Ungrateful Souls: My Odyssey from Obscurity to Entrepreneurial Stardom.”
The evening attracted notable guests from diverse backgrounds, all united in their admiration for the GMYT Group boss. From successful entrepreneurs to influential figures in the entertainment industry, the venue buzzed with excitement as attendees gathered to honor Oghene’s remarkable journey.
The guests were greeted by an ambiance of elegance and sophistication, reflective of Oghene’s own fashionable persona. The former beauty queen, known for her radiant presence and unique style, captivated everyone in attendance, embodying the essence of success and resilience.
The highlight of the evening was the unveiling of “Ungrateful Souls,” a deeply personal narrative that chronicles Oghene’s transformation from obscurity to becoming a prominent figure in the entrepreneurial landscape. In her book, she shares candid insights into her struggles and triumphs, offering inspiration to those navigating their own paths.
Dr. Oghene’s birthday celebration became more than just a personal milestone; it evolved into a gathering of inspiration and empowerment, reminding everyone present that with hard work and perseverance, dreams can indeed come true. “Ungrateful Souls” stands as a testament to that belief, inviting readers on a journey through one woman’s extraordinary life and the lessons learned along the way.
Renowned filmmaker Chief Dr. Mrs. Oluwayemisi Jayeola, affectionately known as Adesqueen, continues to captivate audiences with her unwavering creativity and commitment to the entertainment industry.