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Sunday, 3 April 2016

Petrol Subsidy Returns: Presidency retains official pump prices

The Federal Government has recommenced the payment of subsidy on petrol as it subsidised the commodity by N5.84 for every litre of premium motor spirit consumed in Nigeria.

It also announced that the current official pump prices of petrol would remain at N86 per litre when purchased at filling stations run by the Nigerian National Petroleum Corporation and N86.5 per litre when sold at outlets operated by other oil marketers.

Subsidy on petrol was stopped in January after the review of the pricing template by the government.

The government further said the lingering petrol scarcity would end within few days.

Figures from the pricing templates of the PPPRA released on Saturday, showed that the Federal Government was paying N5.84 as subsidy on every litre of petrol sold at non-NNPC filling stations.

The PPPRA is the agency of the Federal Government that regulates the prices of white products — petrol and kerosene, across the country.

According to the agency, the Expected Open Market Price of petrol for non-NNPC stations as at April 2, 2016, was N92.34 per litre, against an official pump price of N86.5 per litre, leaving an under-recovery or subsidy of N5.84 per litre.

Similarly, the template for NNPC-run stations showed that the government was paying N5.80 per litre as subsidy, as the EOMP for outlets in this category was N91.80 per litre as against an official rate of N86 per litre.

The EOMP is the actual cost of petrol without subsidy and comprises of the landing cost of the product as well as its subtotal margins like transporters charge, admin fee, dealers cost, bridging fund, etc.

On the retained pump price of petrol, the Acting Executive Secretary, PPPRA, Mrs. Sotonye Iyoyo, said, “The agency is retaining the retail prices of N86.00 for the NNPC, and N86.50 for the other marketing companies. The pump price of household kerosene also remains unchanged from what it was in the last quarter.

“Therefore, marketers are advised to ensure that there is no price distortion in their respective retail outlets. PPPRA, however, shall continue to monitor the global oil market performances, and come up, at appropriate time, with reasonable changes consistent with the newly-adopted price modulation principles.”

Afrocandy Again? Releases Hot Bedroom Photos

This woman and her ways though... it's stuffs like this that's making our young girls think that they can do and act however they like, after all 'mama' is also doing it. Sigh! See more photos...

Another Deadly Ritualists Den Busted In Ogun State [Details]

Residents and passers-by in Iyana Ilogbo area of Ogun State were stunned on Saturday as men of the state Police Command uncovered yet another deadly ritualists’ den in the area.

The den was located within an abandoned filling station, Ayokunnu, about 20 metres from the popular Iyana Ilogbo Bus Stop, along the Lagos-Abeokuta Expressway.

Policemen from Sango, acting on a tip off, swooped on the den at 7am only to discover a decomposing body of a male victim in the first open room in the base floor of the one-storeyed building.

It was not only the decomposing body, other victims’ shoes, clothes and caps, including a machete, were also found in the den. Two men were arrested in the operation, which lasted for about 30 minutes.

The suspected ritualists arrested were Babatunde Taofeek and Hammed Hassan. Two of their accomplices were said to be on the run.

By the time Punch arrived at the den, the police had evacuated the decomposing body and the items of other victims found in the den. The spot where the decaying body was evacuated oozed offensive odour.

The abandoned filling station is located at almost a lonely area, facing the Lagos-Abeokuta Expressway. Many of the buildings bordering the den on the right were uncompleted, and on the left was an undeveloped parcel of land overgrown with bush.

A resident said, "Their secret was leaked when some people who were returning from a vigil saw them dragging some people inside the building and they quickly alerted some people who called the police."

Another resident said that two lucky captives in the custody of the ritualists escaped from the building and it was in an attempt to recapture them that their activities became known.

An okada rider in the area who could not be identified said corpses often littered the Ilogbo and Ilepa end of the expressway.

When contacted, the state Police Public Relations Officer, DSP Muyiwa Adejobi, confirmed the incident and the arrest of the suspects.

He said effort was ongoing to arrest the owner of the abandoned filling station, adding that the suspects were under interrogation.

The state Commissioner of Police, Abdulmajid Ali, had ordered that the case be transferred to the Criminal Investigation Department of the Command, at Eleweran, Abeokuta for further investigation.

Justin Bieber shows off his new dreads hairstyle

Do you think the dreadlocks suit him? The singer shared the pic on IG showing off his new hairstyle.

More photos: Buhari and Obama at the Nuclear Security Summit

Buhari and Obama pictured shaking hands at the Nuclear Security Summit session in Washington DC yesterday night. Continue to see more photos...

Kaduna Religious bill: El Rufai says the pastor who said he will die should tell him the date

Kaduna state governor, Nasir El-Rufai, says Apostle Johnson Suleiman of the Omega ‎Fire Ministries who has repeatedly said he will die for introducing the proposed Kadauna Religious Regulating bill, should tell him when the death will happen. El-Rufai said this while speaking to reporters in Kaduna state recently ‎

"Most of the people that say I would die, as if I would not die, are people who call themselves Christian clergy. Of course, I will die. If that apostle is truly an apostle, he should mention the day I will die.
There is nothing in that law that prevents or infringes the practice of religion. It seeks to ensure that those that preach religion are qualified, trained and certified by their peers to do it. And some sections of the media have made it as if the law was drafted against Christianity. It is most irresponsible and I have nothing to say except to leave the matter to God"he said

He maintained that the bill does not have any ulterior motive

“Honestly, we do not have any ulterior motive other than to put a framework that will ensure Kaduna State citizens live in peace with every one practising his religion, but disallowing every Tom, Dick and Harry coming to say he can preach.”‎he said!

Wizkid and linda trade disses...

So my darling little 'friend' Wizkid came on my IG page this morning to blast me for writing yesterday that he was given quit notice at the Lekki home he claimed he bought some years ago, which he actually rented. He threatened to beat me up...called me an ugly old bitch...(I'm ugly? lol) says I don't have a man (crying over that..) and called my mum a loser...(what a child).

Anyway, all that don't matter, people have said worse to me...what I wanted to address is the part where he said I slept with his director and he left me in a hotel...that one I will definitely want to address because some people actually believe it. That my dear friends, is a lie! Please continue...

First and foremost, I've never met Wizkid one on one. I've only seen him once in real life on stage at a show a few years ago. I've never met anybody who is his director. Guess he put that line in his comments to defame me. You that mad that people now know the house is not yours? Lol.

Trust me, if I knew someone was Wizkid's director, I'd rather kill myself than sleep with him or any other entertainer for that matter (except maybe he's my husband..hehe) because I know how some of these entertainers are...they kiss and tell a lot. You can't afford to be messing around in their circle. So, no, I have NEVER slept with Wizkid's director. I live a celibate life..most of the time. (Though, that has to end soon...I'm getting old and missing out on that part of life...lol)

I've always been an advocate of women respecting their bodies and owning their own. And I feel sex should only happen when you're in committed relationship (that is if you can't wait till marriage) and I recommend celibacy for a long as you're not committed to someone. There's absolutely no dignity in sleeping around and messing around with different men. It's ugly and God don't like ugly. So no, I'm not that woman, and will never be that woman. Nice try, Wizkid!

Having said that, I'm sure, you wonder why Wizkid is so mad at me? To be honest, I don't know either. All I know is that his beef with me started a long time ago but he decided to start bashing me online after I refused a meeting with him. A few months ago, he asked his PR people to contact me, that he wanted to talk to me. For some reason, he thought I didn't like him and I was hurting his image online. He wanted to see how I could write more positive things about him but I turned down the meeting. Not that I have anything against him, I sincerely don't! I think he's an amazing talent and one of the few music stars in Nigeria with a midas touch. So this wasn't personal. I just didn't want to meet him. If he lobbies me then it means I won't be able to write anything about him anymore...and my job is to write...about everything, including entertainers.

I am cordial with some of them...many of them I have never met. I try to stay away from gatherings where they are because the more friends you make in the entertainment industry, the less you can write. And that will inadvertently affect your work. The few ones that I call acquaintances, it's hard to write about them because you feel you're cool with them and even when you write, they call you to complain. So, the fewer 'friends' I have in the entertainment industry, the better my job will be.

So Wizkid can bash me all he wants...but I will continue to do my job. Maybe he thinks the more he bashes me, then I will stop writing about him? Won't work. But meanwhile, if he tells a lie about me, I will address it. LIB plans to be around for a long time...some of these people will come and go! :-).

Thanks everyone and Wizkid fans for reading my response.

Oh and by the way, did I mention that his Porsche car is also on hire purchase? Oh shit, I just mentioned that! Lol. And no, darling, you're not 25! We know your real age! Continue to have an amazing career while I watch and continue to celebrate you.
Kisses