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Femi Otedola slashes kerosine price to 50 naira per litre 

Published

8 years ago

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 Following the chairman of Forte Oil, Femi Otedola, decision to sell House Hold Kerosene (HHK) at N50/litre, being over 50 per cent reduction of its current pump price, the billionaire oil magnate has effortlessly made a grand entrance into the pantheon of Nigeria’s 21st century crusaders. calls it ‘Buhari Kerosene’ and has ordered that all his fuel stations across the country should henceforth sell HHK at N50/litre in furtherance of his decision to identify with President Muhammadu Buhari’s bid to ameliorate the hardships faced by millions of Nigerians daily.

The Forte Oil boss had recently blown the lid off the activities of shady characters in the oil sector whom he blamed for selling House Hold Kerosene (HHK) as Jet A1 fuel, also called Aviation Turbine Kerosene (ATK), to airline operators.

In a statement signed by him, Otedola revealed: “This illicit act has been identified as the major factor contributing to the rising cost of kerosene in the country and may also be the cause of some of the air mishaps we have encountered in the country in recent times.”

The Forte Oil boss stated that while HHK is sold by the Pipelines and Products Marketing Company (PPMC), an arm of the Nigerian National Petroleum Corporation (NNPC) at the regulated price of N40.90k with the objective of selling to the average Nigerian at the pump price of N50 per litre, major HHK dealers sell the product to poor Nigerians at the pump price of N125 per litre. And the development is attributable to the emergence of mushroom marketers who are desperate to make a killing by selling kerosene as Jet A1 fuel to major local and international airlines at the pump price of N140/litre or even higher. He explained that this is possible because HHK shares some physical and chemical properties with Jet A1 fuel.
Culled from TheCapital

*Life is gonna be easy for us all. What a good way to start the Mber month? But people that do not use kerosine nko????

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Celebrities

Naira Marley signs Vusic to Marlian Records

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22 hours ago

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June 6, 2023 3:59 pm

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Naira Marley, the singer, has signed a new artiste named Vusic to Marlian Records, his music label.

Naira Marley took to his social media pages to unveil his new signee on Monday evening.

The singer shared a video of himself and Vusic vibing together to a perceived new song.

The singer also went down memory lane as he recalled his struggles in the music industry many years ago.

“Remember way back then dem dey laugh my history, now I don clear browser and if I wanna know how I came this far, you go need browse am,” the singer wrote.

“Please guys help me welcome @Vusic to Marlian music. No long talk let’s get to work bro.”

Vusic also took to social media to appreciate Naira Marley for the “great opportunity” to join Marlian Records.

“Thanks to @Nairamarley for this great opportunity. Steady bangers coming up,” he wrote.

“I’m happy to be part of the Marlian family.”

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Celebrities

“You bought car, yet your family is suffering” Portable throws shade at Spyro (Video)

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2 days ago

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June 5, 2023 1:47 pm

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Nigerian singer, Portable has thrown a subtle shade at upcoming singer, Spyro.

The two had fallen out after Spyro in an interview stated that he doesn’t desire to work with the controversial singer.

Offended by his remarks, Portable via his Instagram page threw shade at him questioning if he takes care of his family.

Portable noted how Spyro bought a car, yet allows his family to suffer. He also claimed that the singer is living a life of Foreign in local.

“You buy car, you dey oppress, have you taken care of your family. You get a car, family dey suffer. You are living the life of Foreign in local. Have you taken care of your family”.

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Yvonne Jegede addresses rumour of secret marriage to Ned Nwoko

Published

4 days ago

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June 3, 2023 3:04 pm

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Yvonne Jegede, the actress, has addressed rumours of a secret marriage to Ned Nwoko, the husband of Regina Daniels.

A blogger had claimed that Jegede recently got married to Nwoko and subsequently deleted all her Instagram photos.

Reacting to the post, the actress expressed frustration at the way false information goes viral on the internet.

Jegede described the post as “evil and false,” adding that she won’t waste her energy fighting the blogger.

“When many people tell you they know ‘something’ is happening or believe something has happened, you asked them how they got to know, they tell you they read or heard it from the internet,” she wrote.

“Oftentimes, they heard it from idiots. How could you be this bold about falsehood? How can you lie so confidently?

“How can you intentionally tarnish people’s image and damage relationships all because you want to attract people to your blogs?

“This funny post is evil and false in every intent. I won’t dissipate energy fighting you. Karma is already dealing with your destiny.”

Jegede also questioned how deleting her Instagram photos indicates that she had a secret wedding,

“How does deleting my photos on my page give off anything???” Jegede wrote.

“The effrontery to mention my son sef, I suppose give you one dirty slap.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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