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September 6, 2024 NIN Mandatory to Purchase 50kg Bag of Rice at ₦40,000 — Federal Government
IFMNEWS

NIN Mandatory to Purchase 50kg Bag of Rice at ₦40,000 — Federal Government

The Federal Government has announced that only buyers with a National Identification Number (NIN) can purchase 50 kg bags of rice at a subsidized price of ₦40,000. During the flag-off ceremony, President Tinubu, represented by the Minister of Agriculture, Abubakar Kyari, said the rice would be sold on a "one person, one bag" basis.

The initiative aims to address the ongoing food crisis in Nigeria, with buyers verified through NIN and phone numbers to prevent fraud. Civil servants can purchase rice using their IPPIS details, with designated sales and collection points to ensure smooth distribution.

September 6, 2024 Dangote’s Petrol to Hit Market on Sept 15, Pricing Driven by Market Forces — NNPCL
IFMNEWS

Dangote’s Petrol to Hit Market on Sept 15, Pricing Driven by Market Forces — NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has announced that petrol, also known as Premium Motor Spirit (PMS), from the Dangote Refinery will begin entering the market on September 15, 2024. This was disclosed in a statement signed by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, on Thursday in Abuja. The statement also clarified that the prices of petroleum products would now be dictated by market dynamics.

This follows the recent commencement of refining activities at the Dangote Refinery. NNPCL’s Executive Vice President of Downstream, Adedapo Segun, reiterated that the downstream sector has been fully deregulated, meaning NNPCL will no longer be involved in setting prices. This clarification addresses ongoing speculation that NNPCL would continue to regulate fuel prices despite the deregulation of the sector.

The speculation was further fueled by reports suggesting that NNPCL would be the exclusive distributor of petrol from the Dangote Refinery. However, the company explained that foreign exchange shortages have been a major factor in the fluctuating prices of PMS, which are now determined by free market forces in line with the Petroleum Industry Act (PIA).

Segun noted that the current fuel scarcity should ease within a few days, as more petrol stations recalibrate and resume sales. He highlighted that, under Section 205 of the PIA, the deregulation of the market means that petrol prices are influenced by market conditions, including the exchange rate.

Regarding the Dangote Refinery’s petrol supply, NNPCL is preparing for the expected release on September 15. Segun also emphasized the company's efforts to collaborate with marketers to ensure that fuel stations operate longer hours and meet the nation’s fuel demands. He assured Nigerians that NNPCL is working to prevent product diversions and ensure timely deliveries to stations.

This clarification follows the Federal Government's recent announcement of a substantial petrol supply set to arrive over the weekend, while ruling out any price control on PMS.

September 5, 2024 Clark Urges IG to Arrest Wike Immediately
IFMNEWS

Clark Urges IG to Arrest Wike Immediately

Ijaw leader, Chief Edwin Clark, has called on the Inspector General of Police, Kayode Egbetokun, to arrest the Minister of the Federal Capital Territory (FCT), Nyesom Wike, over his recent threat to ignite violence in states governed by Peoples Democratic Party (PDP) governors.

Wike had issued the warning during the PDP state congress in Port Harcourt, Rivers State, urging PDP governors to stay out of the party's affairs in Rivers.

At a press conference in Abuja on Thursday, Clark condemned Wike's remarks, labeling them as "flagrant disrespect" to President Bola Tinubu, who appointed him as FCT Minister. He described Wike's comments as "unbridled" and argued that they could incite violence, equating them to treason.

Clark also noted that political figures like Omoyele Sowore, the African Action Congress presidential candidate, and #EndBadGovernance protesters had been arrested for similar offenses. He urged the Inspector General to take the same action against Wike and compel him to retract his statement.

September 5, 2024 Nancy Isime: Marriage Has Never Been a Daydream for Me Like It Is for Other Young Girls
IFM Social Media

Nancy Isime: Marriage Has Never Been a Daydream for Me Like It Is for Other Young Girls

Nigerian actress Nancy Isime has shared her unique outlook on marriage, explaining that, unlike many young girls who fantasize about their weddings, her focus has always been on building her career and achieving financial independence.

During an interview on the "Creativitea Live with Lynda" podcast, Isime discussed her goals, stating that her priorities revolve around work and money, not marriage. She said, "I've always envisioned myself working. While many young girls daydream about getting married, I never did. I used to daydream about working, making my own money, and being independent."

Isime also expressed that she isn't concerned with the idea of a "dream wedding," noting that if she does get married, the wedding will be whatever she and her partner agree on at the time—whether big or small.

The actress linked her perspective to her upbringing, where financial struggles shaped her desire for independence. She explained, "Growing up in a humble background, asking for things was almost taboo. You were expected to know there wasn’t money, so I always dreamed of having my own. I couldn’t wait to make my own money and do my own thing."

Isime emphasized that her main priority is creating her ideal life through financial independence, saying, "I believe in spending on myself, so no one can ever claim that without them, I wouldn’t have the life I enjoy."

 

 
 
 
 
 
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