Business
NIPCO Releases 49.5m Litres Of Fuel To Ease Scarcity
The Nigerian Independent Petroleum Company (NIPCO) Plc has released some 49.5 million litres of petroleum products nationwide, in a bid to end the prevailing fuel scarcity.
The Tide source learnt that the company had also imported additional 28 million metric tons of fuel.
An import manifest at the Apapa Port showed that the vessel carrying the fuel arrived in Nigeria on MT Admiral on May 27.
NIPCO said that the 28 million metric tons of petroleum products which started discharging on May 29 would complement the efforts of the Nigerian National Petroleum Corporation to stock fuel.
NIPCO’s Manager Corporate Affairs, Mr Taofeek Lawal told newsmen on telephone that the company’s importation drive was to ensure availability of petroleum products for Nigerians.
He said that NIPCO would remain an ally with the Federal Government in ensuring availability of petroleum products nationwide.
Meanwhile, a check at NIPCO’s terminal in Lagos showed that about 1,500 trucks have already lifted products from the company’s depot.
Lawal said that the company was working round the clock to dispense products to marketers after they must have concluded clearance with relevant agencies.
“Consignment will definitely aid the flow of products to marketers’ outlets across the nooks and crannies of the country,” Lawal said.
He said the cargo was one of the consignments the company placed order for as part of its bid to ensure continuous availability of petrol.
According to Lawal, this will not only be in hundreds of branded outlets in Nigeria but also in other marketing outlets taking products from the NIPCO’s depot.
He said the lifting of petroleum products had continued ceaselessly in a bid to lessen the agonies of Nigerians in recent times.
Lawal assured that the arrival of imported petroleum products by NIPCO would put smiles on the faces of Nigerians.
“The dream of investors in the company who are mainly fuel marketers has been the driving force of the organisation, hence its quest to go the extra mile in getting products that will keep their stations running.
“In 2015 and beyond, we intend to enhance our product importation both for regulated and deregulated products.
“This is to meet fuel marketers’ needs and prepare adequately for the upcoming reforms in the oil and gas industry,” he said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics3 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford