Business
Nigerians Spent N2.37trn On Petrol In 13 Months – NNPC
The Nigerian National Petroleum Corporation (NNPC) has said that, in 13 months, Nigerians spent N2.37 trillion on petrol imported into the country.
According to the data released by the corporation last Wednesday, its total revenue generated from the sales of white products for the period May 2019 to May 2020 stood at N2.39 trillion.
It disclosed that petrol contributed about 98.84 per cent of the total sales with a value of N2.37tn.
The corporation said it made N92.58bn through the sale of petrol in May 2020.
It said the revenue from petrol sale was generated through its subsidiary, the Petroleum Products Marketing Company, as the oil firm also announced a 43 per cent decrease in oil pipeline vandalism in May.
NNPC’s Group General Manager, Group Public Affairs Division, Kennie Obateru, explained that these were contained in the May 2020 version of the corporation’s Monthly Financial and Operations Report.
The report stated that the N92.58bn was made on the sale of white products (only petrol this time) by PPMC during the review period.
The oil firm said 950.67 million litres of white products were sold and distributed by the corporation’s downstream subsidiary, PPMC.
This comprised 950.67 million litres of Premium Motor Spirit, popularly called petrol, only, with no Automotive Gas Oil or Dual Purpose Kerosene.
There was also no sale of special product in the month.
Business
Customs Launches Digital Vehicle Verification System To Tackle Smuggling
Business
NDDC Unveils Naval Facilities To Boost Region’s Security
Business
FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
