Business
DPR Seals Two Filling Stations
The Department of
Petroleum Resouces (DPR) last Thursday sealed two filling stations in Kotangora, Niger State, for dispensing fuel above the recommended pump price and failure to adhere to safety rules and regulations.
The stations that were sealed were AA Rano Nigeria Limited and Medengen Petroleum Company Nigeria Limited on Lagos Road, Kotangora.
The two filling stations were sealed during a routine inspection and monitoring of stations by the DPR Surveillance team led by its Public Relations Officer, Mr. Muhammed Seidu.
Seidu told journalists at the end of the exercise that AA Rano filling station was sealed because it violated the rules of the Petroleum sector.
He said, Manageent of the Station sold Premium Motor Spirit for N106 per litre, as against the regulated pump price of N97 per litre.
Seidu also said Medengen sold PMS at N110 per litre, which was also above the normal pump price and failed to put safety measures in place.
According to him, the station had no functional fire extinguisher, adding that in the event of fire outbreak, it would be difficult to save the environent.
He also said, the station violated the law by packing its trucks inside the station, which according to him endangers lives and property in the area.
“The two stations will remain sealed for four months until they are able to meet the conditions”, he said adding that DPR would ensure that products were dispensed to the members of the public at the approved price of N97 per litre.
Earlier, the Station Manager of Medengen, Mr. Medenge Garba, said he was ordered by his director to sell above pump price.
Garba said his boss would be in a better position to explain why the station sold above the noraml pump price.
However, the manager of the AA Pano filling station declined comment.
Business
NCAA Certifies Elin Group Aircraft Maintenance

Business
SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

Business
Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
-
Politics15 hours ago
Anambra Guber: ADC Candidate Urges INEC To Tackle Vote Buying
-
Business15 hours ago
Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze
-
Maritime15 hours ago
Customs Wives Donate Mosquito Nets, Bedsheets To Hospitals In Ogun
-
Sports15 hours ago
WCQ: S’Eagles Coach Set To invite Akinsamiro
-
News15 hours ago
FG holds special thanksgiving service ahead of 65th Independence Day
-
Sports15 hours ago
Falconets thrashes 4-0 Rwanda in qualifiers
-
Education15 hours ago
FRSC to Establish Driving Training Centre at UniPort
-
Oil & Energy15 hours ago
Afam 2 Power Plant Adds 160MW To National Grid, says Sahara Group