Connect with us

News

Cooking gas marketers blame increasing prices on importation

Published

on

Marketers of cooking gas on Wednesday blamed its increasing prices on massive importation, causing anguish to end users.

In the past few weeks, it costs between N4,200 and N4,500 to refill a 12.5kg cylinder of cooking gas, up from between N3,600 and N3,800.

Mr Bassey Essien, Executive Secretary of the Nigerian Association of Liquefied Petroleum Gas Marketers, said in a statement is Lagos that “Nigeria consumes about one million metric tonnes of cooking gas annually, but 65 per cent of it is imported.

“The CBN has no dedicated window for foreign exchange for cooking gas importers, hence the sourcing of foreign exchange at a high price which ultimately dictates the price the product gets to consumers.

“This brings to the fore, our persistent request for the full domestication of cooking gas supply to guide against price manipulations by international market and foreign exchange forces.

“The price of 20 metric tonnes of cooking gas initially rose from N4 million to N5 million then to N5.3 million, all within one month.

“The current high price of cooking gas is not traceable to marketers (plant owners), but to the vagaries of international prices and foreign exchange restrictions.’’

He stressed that cooking gas marketers had consistently championed the call for local production of cooking gas from its raw form to cleaning, distribution and marketing so as to stave increases in prices as dictated by the importation regime.

“We as marketers are also saying that the Nigerian Liquefied Natural Gas Company (NLNG) and other gas producers should domesticate the production chain for cooking gas by dedicating sufficient quantity for domestic consumption,’’ he said.

Essien also said it was disheartening that cooking gas prices went up at a time when Nigerians were yet to recover from the hardships caused by the COVID-19 pandemic, the #EndSARS protests and the current economic recession.

He noted that the NLNG allocated only 350,000 MT of gas to domestic consumption out of its four million metric tonnes annual production.

The NLNG said recently, however, that it would increase its annual domestic allocation of cooking gas to 450,000MT by 2021.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Court stops APC, INEC from altering Benue APC primary winners

Published

on

By

The Federal High Court in Abuja has ordered the All Progressives Congress (APC) and the Independent National Electoral Commission (INEC) to maintain the status quo in a dispute over the party’s candidates emerging from the Benue State APC primaries for the 2027 general election.

The order was made on Thursday by Justice Inyang Ekwo during proceedings in Suit No. FHC/ABJ/CS/1429/2026, filed by Engr. Sesugh Akaagba and other aggrieved APC candidates from Benue State against the APC and INEC.
The plaintiffs had, through an ex parte motion filed on July 5, 2026, sought six interim reliefs, including an order restraining the APC from substituting its validly nominated candidates in Benue State through its June 29, 2026 correspondence, or any subsequent communication, to INEC, pending determination of the substantive suit.
They also sought an order compelling the APC to immediately transmit to INEC the names of candidates validly nominated during the primaries monitored by the electoral commission.

When the matter first came up on July 8, 2026, the court declined to grant the interim application immediately, directing both APC and INEC to appear and respond before any decision was taken. The matter was adjourned to July 16.

At Thursday’s proceedings, counsel representing the APC and INEC were present in court, while the plaintiffs were represented by Mohammed Ndarani, SAN, alongside his legal team.

In his ruling, Justice Ekwo held that since issues had been joined by the parties particularly with INEC now before the court, the defendants were required by law to preserve the subject matter of the litigation pending determination of the substantive suit.
When counsel to the plaintiffs urged the court to caution APC and INEC against taking any further action that could affect the disputed list of candidates, the judge responded that it was “not a matter of advice but of law,” stressing that the defendants were bound to maintain the status quo.

The court consequently restrained APC and INEC from taking any action capable of altering the disputed list of candidates pending the hearing and determination of the substantive suit.
The defendants did not object to the restraining order.
At the commencement of proceedings, the court noted that all parties had voluntarily submitted to its jurisdiction by duly filing and exchanging their respective processes.
It held that there was no procedural or jurisdictional impediment to the expeditious determination of the substantive action, and directed that the matter be heard without further delay.
In furtherance of the objective of preserving the res and safeguarding the efficacy of the judicial process, the court ordered all parties to maintain the status quo pending the hearing and final determination of the substantive suit, restraining any act or omission capable of prejudicing the rights of the parties or rendering the proceedings nugatory.
The court further directed that INEC be served forthwith with the originating and all consequential processes.
The effect of the subsisting order is that INEC is restrained from tampering with the existing list of candidates pending final determination of the suit, and from receiving, recognising, or acting upon any purported substituted list of National Assembly candidates from Benue State submitted by the APC.
The matter was adjourned to July 21, 2026, for hearing of the substantive suit.

Continue Reading

News

Goodluck Jonathan’s Family Celebrates Son’s Graduation in UK

Published

on

By

Former President Goodluck Ebele Jonathan and former First Lady Patience Ibifaka Jonathan recently celebrated a significant family milestone as they attended the graduation ceremony of their son, Ariara Goodluck Jonathan, at Manchester Metropolitan University in the United Kingdom.

The proud parents joined family members and well-wishers to witness Ariara receive his degree, marking the successful completion of his academic programme. The occasion was filled with joy as the Jonathan family commemorated the achievement, highlighting the importance they place on education and personal development.

The graduation ceremony attracted warm congratulatory messages from friends, associates, and admirers, who wished the graduate continued success in his future endeavours.

Continue Reading

News

2027 BENUE GUBER: MORE TROUBLE FOR GOV ALIA

Published

on

By

The Following names joined the political family of Sen. Dr. George Akume today after leaving the sinking Alia ship .

Under the leadership of Barr. Emmanuel Jime .

The are ;
Chief Nelson Alapa
Douglas pepe SAN senatorial Aspirant zone A,
Engr Peter Ashiekaa
QS Clement Beetseh
Former commissioners
Joy Luga
Ann itodo
Barr martins Shaagee
Miss Dorcas
Prof Usar Joseh
Prof Cephas Tushima
Chief Patrick Idoko
Hon Patience Akor
Hon Fred Idoko
Hon Lawrence Ekpo Onoja Jnr
Hon Andrew Abah
Hon Agbo Innocent Ikwumonu
Hon Simon Omachoko
Hon David Egboja
Dr John Garba
Among together,

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.