Business
IPMAN Commends Bank Over Emadeb’s PMS Import
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has commended Polaris Bank, and Emadeb Energy Services Limited, for their collaborative efforts and strategic partnership that resulted in the recent importation of 20,000 metric tonnes of premium motor spirit into the country.
National Operations Controller of lPMAN, Mr Mike Osatuyi, in a release, described the pioneering feat by Polaris Bank and Emadeb Energy as unprecedented.
He noted that they both made it possible for Nigeria to break the age-long monopoly in the downstream sector.
He specifically commended Polaris Bank for fully funding the whole cargo to the tune of N13bn, enabling the transportation of the 20,000 metric tonnes, or 27 million litres of petrol, to the country seamlessly.
He noted that the bank’s support exemplified the pivotal role played by the financial institutions to support the growth of the critical downstream sector of the economy.
Osatuyi said, “The NNPC’s many years of monopoly in terms of importation have been broken by Emadeb Energy Services Ltd.
“This is commendable, particularly for the company. Being the pioneer in tough terrain is not easy. But of specific interest is (Polaris Bank) the Bank that financed this feat.
“We were there to witness the event. We saw the cargo ship as it arrived. It is a huge investment. The Bank has demonstrated a strong belief in the market after deregulation. I call on others to emulate this”.
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
-
Maritime5 days ago
Ogbe Urges Nigerian Coys To Seek Deep Water Opportunities
-
Sports5 days ago
Ex-3SC player Laments over ‘unfulfilled promises’ by Oyo State
-
Business5 days ago
Lawmakers Move To Grant NBS Financial Autonomy, Plans National Tax Trust Fund
-
News5 days ago
UNGA 2025: FG Targets Empowerment Of 10 Million Women
-
Sports5 days ago
Man Utd Beat Chelsea To Ease Pressure
-
Maritime5 days ago
NCAA Warns Qatar Airways Over Passenger Maltreatment, Rules Violation ……Threatens Heavy Sanctions
-
Sports5 days ago
Lagos Enforce discipline Into Senior Athletes Team
-
Business5 days ago
“TETFund Approves N2.5b Intervention For Daura Varsity