Business
Dangote refinery denies fixing petrol price at N600/litre

The Dangote Group has denied reports of a planned increase in petrol price to N600/litre, as attributed to the Independent Petroleum Marketers Association of Nigeria (IPMAN).
In a statement released on Tuesday, Anthony Chiejina, Group Chief Branding and Communications Officer, clarified that IPMAN is not a business partner of Dangote Refinery and has no authority to speak on its behalf.
Chiejina emphasised that the company has not discussed petrol prices with IPMAN and urged the public to disregard speculative announcements.
He assured stakeholders that official statements will be made through designated channels.
The statement below;
“We have not fixed Petrol Price
“Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” published in Punch Newspapers of Tuesday August 13,2024.
“We would like to clarify that Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet. We have never discussed price of Premium Motor Spirit (PMS) with them, and they have no mandate or authority to speak for us, either for good or with hidden transcript.
“We urge the public to desist from such speculative announcements. We have our official channels through which we make our views known to our stakeholders.”
Business
Dangote Refinery reduces petrol price to N825 per litre

Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit, PMS, also known as petrol to N825 per litre from N835 per litre as competition continues in the domestic market.
Recall that last month, the 650,000 barrels per day refinery reduced the gantry price of petrol to N835 per litre from N865 per litre.
The latest adjustment is targeted at giving customers more value, as well as consolidating its leadership position in the domestic market.
Business
NIMC hikes NIN service fees, increases date of birth correction to N28,574

The National Identity Management Commission (NIMC) has announced a revised price list for National Identification Number (NIN) issuance and other related services.
On May 1, the NIMC announced a review of the pricing structure for all its services.
In its report on Saturday, the commission said the cost of correcting the date of birth on a NIMC slip has increased to N28,574, reflecting a 74.87 percent rise from the previous fee of N16,340.
According to the new price list, modifying other details such as name or address now costs N2,000 per transaction, up by 31.41 percent from the earlier fee of N1,522.
While initial NIN enrolment and issuance of slips remain free, NIMC said the reissuance of lost or damaged NIN slips now costs N600, an increase from N500.
Premium enrollment services offered at licensed lounges, visa centres, and pre-booked VIP services now cost N20,000, and VIP reissuance of NIN slips is priced at N3,500.
Additionally, the commission said the fee for retrieving a NIN via USSD services has risen to N50 from N20.
For Nigerians in the diaspora, NIMC said adult enrollment at regular service points in African countries now costs $50, enrollment for children is $30, and reissuance of NIN slips abroad is priced at $6.
According to NIMC, in African countries, the commission said correcting a date of birth now costs $55, and modifying other fields costs $10.
In non-African countries, the commission said name corrections are priced at $60, while other changes cost $20.
In its executive summary of the revised price list, NIMC explained that the adjustments considered the current inflation rate of 32.70 percent, saying most services were increased by at least 20 percent, with certain exceptions based on the nature of the service.
Business
NCAA sanctions Kenya Airways over passenger complaints

The Nigeria Civil Aviation Authority (NCAA) has sanctioned Kenya Airways for several consumer-related violations involving three passengers, including one Gloria Omisore.
This is contained in a statement on Friday by Michael Achimugu, Director of Public Affairs and Consumer Protection.
Achimugu stated the NCAA issued a sanction letter on Wednesday to Kenya Airways regarding the passengers’ complaints
“The infractions include failure to provide care, lack of transparency in carriage terms, poor communication with the Authority, and mishandling refunds and baggage.
“In accordance with the NCAA Regulations 2023, Kenya Airways must pay fines and compensate each affected passenger with 1,000 special drawing rights.
“The airline has seven days to comply. Failure to do so will result in more severe penalties,” Achimugu said
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