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7 Trapped Vessels Worsen Nigeria’s Fuel Scarcity Crisis—-Independent marketers expect the current fuel supply crisis in parts of the country to abate not later than next week.

Their optimism is hinged on the ongoing efforts to free seven fuel-laden vessels trapped in Warri.

The vessels are carrying a total of 150 million litres of Premium Motor Spirit (PMS) an official of the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) told The Nation yesterday.

The fuel shortage remained critical in many states of the federation last night although reports from other parts said the situation was easing off.

The DAPPMAN source said: “Seven vessels are trapped in Warri. It happened that four were on their way to Nigeria when they ran into other two that had broken down and the one that was trying to rescue them, making seven vessels.

“They are all in Warri and once their total stock of 150 million litres hits the market, the queues will disappear.”

The claim could not be confirmed from the Nigerian National Petroleum Company Limited (NNPCL), whose chief spokesman, Olufemi Soneye, asked that an SMS be sent to him when he was contacted on the phone.

This was done promptly, but his response had not come at press time.

The fuel crisis appeared to have eased marginally in the Federal Capital Territory yesterday.

The situation in parts of Lagos and Ibadan, the Oyo State capital, was also relatively better yesterday.

Filling stations of NNPC, NIPCO and ENYO in Ibadan operated in full and sold at the old rates of between N580 and N630 per litre.

Consequently, queues reduced drastically towards the evening.

Motorists who fuelled their vehicles on Friday told The Nation that they were able to buy fuel within 90 minutes of queuing.

A motorist, Mr Wale Olola, said: “I went out at about 10am in search of fuel. I had prepared my mind to spend about four to five hours wherever I got but was surprised to see NNPC, ENYO, NIPCO and others selling.

“Because of the availability in more stations, the queues were not as long as they were earlier in the week.

“I joined the queue and was able to buy fuel within an hour. It was so soothing.”

Yet some filling stations were closed yesterday for lack of product supply.

Commercial transporters were still charging exorbitant fares as at Friday with the claim that they bought fuel at high cost.

Fuel hits N950 per litre in Ondo
There was still no respite in Ondo State yesterday with a litre of fuel going for N950 per litre in Akure, the state capital.

Many of the petrol stations in Akure did not even have products to dispense.

Chairman of IPMAN, Ore depot, Shiba Amoo, said fuel would soon be available in Akure.

“We are working on how we can have priority for Akure. NNPCL has called for immediate loading of fuel,” he said.

It’s N880 per litre in Enugu
There were long queues at NNPC filling stations in Enugu where the product was sold for N600 per liter.

But the price differed at other filling stations, going for N880 per litre in some of them.

In places like Nsukka and Obollo Afor, it was between N880 and N1000 per liter.

However, only NNPC outlets and those of Total Energies sold N600 and N667 per liter respectively.

The price also ranged between N730 and N800 per litre in Anambra, Imo and Abia states, although there is no scarcity in Anambra.

In Imo State, the high price has caused significant disruption and hardship with transporters increasing fares by 100%.

Despite the availability of the product, motorists are struggling to cope with the increased cost, which has added to their financial burdens.

Many commuters have expressed their discontent, saying that the price hike has made it difficult for them to afford transportation to work, school, and other daily activities.

Many of the major and Independent Petroleum Marketers operating various petrol stations in Aba, the commercial nerve centre of Abia State, had no queues, but sold for ₦730-₦750.

On Friday, our correspondent reports that the pump price of PMS rose to ₦750-₦800 per liter.

No scarcity in Port Harcourt
Fuel is readily available in Rivers State although a litre can only be got for nothing less than N750.

A resident of the city said yesterday that he bought a litre for N712 on Thursday and N750 yesterday.

“Most filling stations have fuel but I noticed that they jerked up the price,” he said.

However, some of the stations did not sell to motorists, even when their gates were left wide open.

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FG Set to Address Food Export Irregularities, Others

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Food Export Irregularities

FG Set to Address Food Export Irregularities, Others—-The Ministry of Industry Trade and Investment and Ministry of Health and Social Welfare, have collaborated to tackle irregularities in food export system.

The collaboration is also expected to encourage efforts to unlock healthcare value chain for effective transformation.

Dr Jumoke Oduwole, the Minister of Industry,  Trade and Investment,  made this known on Wednesday in Abuja.

Oduwole spoje while receiving Dr Muhammad Pate, the Minister of Health and Social Welfare, who was on a curtesy visit to her office.

Also on the  curtesy visit was the  Director-General, National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye.

The News Agency of Nigeria (NAN) reports that the two ministries with their management, met to address some issues on irregularities on exportation of food, areas on unlocking healthcare and other important issues.

Pate said that the issues have been lingering between the ministries and needed to be tackled effectively.

He said that the issues were important to the two ministries, adding that the effort was to support President Bola Tinubu in his agenda towards transforming the country.

“This meeting is bringing two sectors that are ordinarily not closely connected.  But there are specific things that have prompted to reach out, which has to do with the exportation of food and its regulation.

“The second element is the role of the regulatory body, NAFDAC, in constraining or enabling the trade that we have across various borders.

“The third issue is the regulatory function links to our efforts to unlock the healthcare value chain.

“These are issues that have been lingering, and I though we should use this opportunity to come together since we are all on the same team,” he said.

The minister said that the determination was to ensure that Nigeria achieved greatly in those areas in the long run.

Oduwole, while responding, said that both ministries would start working on areas of unlocking healthcare value chain.

She said that the issues were very vital and required effective measures to be tackled.

“I was briefed about the draft policy and medical devices of syringe and needles manufacturing in Nigeria.

“We have to identify the areas and resolutions, and to identify areas of the ministry’s concern on the draft policy document,  and were we supposed to emit in further meeting with my ministry.

“The meetimg is to discuss how to deliberate on the merit and demerit of the policy, as well as the issues of manufacturing.

” They are indeed under the eight point agenda of Mr President,” she said.

The NAFDAC D-G  said that Nigerians needed to change their mindsets in the area of exportation of goods, adding that those regulatory agencies should regulate effectively.

According to her, the effort will help to avoid  the embarrassment of rejection of our goods.

Earlier, Mr Temiloluwa Oluokun, Technical Aide to industry,  trade and investment ministry, mentioned some of the issues lingering in the ministry.

According to him, one of the issues from the regulatory reform programme was the denomination of permit fees in Naira.

“Some elements of those fees are not denominated in local currency.

“It is good to progressively shifting all the fees  to the local currency to protect our exporters from exchange rate all together,” he said.

Oluokun said that another recurring issue thatrequired  urgent attention was the time line for processing certificate and private sectorparticipationt.

“The recommendations are clear to revisit the export regulation 2024 with very wide industry consultation to balance oversight with efficiency all together, ” he said.

Mr Dafang Sule, Director, Federal Produce Inspectorate Service, appealed to the health ministry to assist in training some officers on the use of equipment to address the persistence pesticide residues in sesame seeds.

NAN reports that after long deliberation, the two ministries agreed that a team would be set up to address the issues discussed.

They said the team would schedule  a  meetimg  soon to check and revisit the issues for final resolution.

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See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 6th January 2025

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Dollar To Naira

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for 4th January, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1665 and sell at N1670 on Saturday 4th January 2025, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)

 

 

Black Market Exchange Rate Today

Buying Rate

N1665

Selling Rate

N1670

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)

CBN Rate Today

Highest Rate

N1540

Lowest Rate

N1531

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

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