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DPR shut down sales of fuel at Katsina borders

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The Katsina State branch of the Department of Petroleum Resources (DPR), has shut down sell of fuel at fifty fuel stations in the Jibiya border community of Katsina state following federal government ban on the sale of the product within twenty kilometres radius to Nigeria borders with neighbouring countries today.ng reports.

The DPR Operation Controller for Katsina field office, Mallam Mohammed Sani who led the enforcement team to Jibiya to monitor compliance of fuel stations on the federal government directive on sell of fuel at border communities, made the disclosure to newsmen yesterday in Katsina.

Sani said “We have been to the border communities in katsina to monitor compliance with the Federal government’s directive on no fuel sales within twenty kilometres distance from Nigeria borders. I can tell you that the compliance is total .there is no fuel sale through any fuel station in our border communities in katsina.

“In Jibiya border community here, for instance, there are no fewer than fifty fuel stations and the DPR has stopped fuel supply to these fuel stations since Federal government gave the directive that there should not be fuel sales through fuel stations that are within twenty kilometres distance from our borders.

“If you see fuel being sold in those border communities, definitely, it is not through any fuel station in those communities as we have stopped fuel supply to them.”

Sani also led other top DPR officials in monitoring fuel sale in katsina and its surrounding communities.

He and his team monitored fuel dispensation in some of the fuel stations and fuel levels inside the tanks of the stations visited.

Sani said residents of the state should not entertain fears over fuel supply during and after Christmas and the New Year, assuring that there was enough fuel to last the two festive periods and beyond.

He declared “There is no cause for alarm; there is adequate fuel to last both Christmas and the New Year periods and beyond. I will advise people to however be careful and avoid fire incident during this harmattan period”

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SPONSORED: CALL FOR SMALL GRANT APPLICATION

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Women United for Economic Empowerment (WUEE) is a non-governmental organization with a mission to promote women/children rights, human development to the rural/urban poor women, youth, children and other vulnerable groups. WUEE in partnership with United Nations Democracy Fund (UNDEF) announces a Call for small grant application for interested and eligible CSOs/CBOs in Rivers and Akwa Ibom States, on STRENGTHENING GOOD GOVERNANCE AND DEMOCRATIC PROCESSES AT THE LOCAL LEVEL IN NIGERIA

Purpose for Fund

The project seeks to increase the capacities of 20 civil CSOs/CBOs and Local Government Chairmen in order to help them fulfill their roles and responsibilities more effectively in a democratic system. It is meant to strengthen good governance and democratic processes at the local level in Nigeria and to increase citizen participation. The project shall be conducted in Rivers and Akwa Ibom States. Trained representatives of selected CSOs and CBOs shall in conjunction with local stakeholders organize civic education programs for Twenty Thousand (20,000) local citizens in their local communities (1,000 per CSO/CBO), in order to promote citizens’ understanding and participation in the democratic processes.

MINIMUM ELIGIBILITY

Applicants must:

  • Be Not-for-profit organizations.
  • Have expertise in governance programming.
  • Have presence in the Local Government/community in which the program will be conducted.
  • Be registered with the Corporate Affairs Commission (CAC).
  • Have a track record of working with indigenous women, youth, persons with disabilities (PWD).
  • Be willing to comply with all technical and financial requirements for participation in the program, including reporting and documentation of project activities, communication strategy and capacity development opportunities.
  • Be willing to participate in assessments, trainings, workshops, meetings and other activities considered important for achieving project goal.

SUBMISSION INFORMATION:

Interested organizations shall submit 4 hard copies of grant proposal including Certificate of registration with CAC to Women United for Economic Empowerment Office located at No. 70 Nwaniba Road, Uyo, Akwa Ibom State and soft copy via Email: wuee2002@yahoo.com or wuee2002@gmail.com. Applications must be received not later than Thursday, 13th August, 2020 at 16.00 hrs.  No late application will be accepted

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Nigerian stock market opens with N119 billion loss

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Nigerian equities market resumed trading on Monday with a loss of 0.91 per cent as a result of profit taking in some blue chips.

Speficially, the All-Share Index which opened the week at 25,182.67 lost 228.35 points or 0.91 per cent to close at 24,954.32.

Accordingly, Month-to-Date and Year-to-Date losses increased to -1.2 per cent and -7.0 per cent, respectively.

Also, the market capitalisation shed N119 billion or 0.91 per cent to close at N13.017 trillion against N13.136 trillion posted on Thursday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; MTN Nigeria Communications (MTNN), BUA Cement, Zenith Bank, Ecobank Transnational Incorporated and Guaranty Trust Bank.

Analysts at United Capital Plc said: “Looking ahead, we expect the market to remain volatile, as investors lock funds in cheap and fundamentally sound stocks, while taking profit on some stocks that gained last week.”

Consequently, market breadth closed negative with 16 stocks compared with 25 decliners.

Prestige Assurance led the losers’ chart in percentage terms, dropping by 10 per cent, to close at 63k, per share.

Neimeth International Pharmaceuticals followed with 9.73 per cent to close at N2.32, while AIICO Insurance shed 9.32 per cent to close at N1.07, per share.

ETI dropped 7.34 per cent to close at N5.05, while UACN Property Development dipped 6.73 per cent to close at 97k, per share.

Conversely, Fidson Healthcare and Red Star Express led the gainers’ chart in percentage terms, appreciating by 10 per cent each to close at N3.30 and N3.63 per share, respectively.

Cornerstone Insurance followed with a gain 9.80 per cent to close at 56k, per share.

Honeywell Flour Mills rose by 9.78 per cent to close at N1.01, while Unity Bank appreciated by 8.77 per cent to close at 62k, per share.

In the same vein, the total volume traded declined by 29.51 per cent with an exchange of 237.65 million shares, worth N1.61 billion, and traded in 4,808 deals.

This was in contrast with a total of 337.13 million shares valued at N3.41 billion achieved in 3,880 deals on Thursday.

Transactions in the shares of FBN Holdings topped the activity chart with 24.35 million shares worth N128.76 million.

Zenith Bank followed with 24.14 million shares valued at N392.36 million, while FCMB Group accounted for 19.47 million shares valued at N33.48 million.

Caverton Offshore traded 17.37 million shares worth N39.02 million, while United Bank for Africa transacted 14.64 million shares valued at N95.74 million.

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