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Anambra Petroleum Marketers Threaten to Shut Down Operations Over N13.6m Debt

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Petroleum Marketers to Shut Down Operations In Anambra

The Anambra State Chapter of the Independent Petroleum Marketers of Nigeria (IPMAN) on Sunday said it would shut down operations in the state if the State Governor, Willie Obiano, does not offset the N13.6 million owed to one of its members.

According to the union, the N13.6 million was the cost of petroleum products supplied to the state-owned Transport Company by Siluch Oil and Gas Limited since 2017.

IPMAN on August issued a 21-day ultimatum to the state government to pay the debt on or before August 25, 2020 or face a complete shut down of operations in the state.

Speaking to journalists in Awka on Sunday, Chinedu Anayaso, the Enugu IPMAN Deport Chairman, said the shutdown would be total until its conditions were met.

He said, “We are counting days. We have not seen anything that shows that the state government is treating our letter to them with the seriousness it deserves.

“We expect that they pay the young man his money, withdraw all cases against our members for refusing to pay the levies we did not agree on, and revert to the annual unified levy we reached an agreement on.”

“Our showdown will be total because IPMAN, NUPENG and Petrol Tanker Drivers are together in the plan. Any of us who will violate the decision will be fined N500, 000.

“Within the period of the shutdown, no product destined for Anambra will be loaded. Other states like Enugu and Ebonyi under the zone will be affected.

Reacting to the development, Afam Mbanefo, the state commissioner for transport, said he was briefed on the debt and he was working on the debt.

He said, “I have looked at the transactions of this office since I assumed office and this debt amounting to N13.57m was presented and IPMAN leadership had visited me on the matter.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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MTN Nigeria, Gameloft Partner to Increase Access to Variety of Exciting Games

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MTN Nigeria announced it has partnered with Gameloft, a leader in the development and publishing of games, to increase access to a variety of fun and exciting games online.

The telecommunications giant in collaboration with its new partner, Gameloft announced the launch of MTN Gameworld, a new gaming platform for its subscribers.

According to MTN, the new platform will allow the Nigerian growing gaming community access to a lot of unique games online through an extensive premium catalogue from Gameloft and other renowned publishers.

Commenting on the partnership, Srinivas Rao, the Chief Digital Officer, MTN Nigeria, said, “We are constantly seeking to deliver innovative products that support the aspirations of our customers, whilst delivering superior user experience. This partnership allows us to provide our customers with access to a variety of exhilarating games from Gameloft and other leading publishers at an affordable rate.”

MTN Gameworld will allow subscribed customers access to a variety of games, which they can play at subsidised data rates through the MTN Gameworld app. Android, iOS and Windows phone users can subscribe via SMS, app, web, USSD menu (*447#), 131 USSD menu and any other MTN customer channel.

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President Buhari Commissions 5,000bpd Modular Refinery Built in Imo State

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President Muhammadu Buhari on Tuesday commissioned the 5,000 barrels per day modular refinery built by Waltersmith Group in Imo State.

President Buhari, who commissioned the new modular refinery virtually, said the refinery will enable Nigeria to export petroleum products to neighbouring countries and other markets.

The 5,000 barrels per day Waltersmith Modular Refinery is the first phase of 50,000 barrels per day combined capacity plant planned for Imo State, according to the Group.

Buhari commended Waltersmith Group, an indigenous oil firm, and the Nigerian Content Development and Monitoring Board for the collaboration that led to the actualisation of the modular refinery.

President Buhari, therefore, directed the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation, the Department of Petroleum Resources and all other relevant government agencies to provide Waltersmith all the necessary support in terms of access to crude oil and condensate feedstock.

Buhari said, “We rolled out our refining roadmap in 2018, to address challenges in the downstream sector. After many years of government giving out modular refining licences without any coming on-stream, we are today seeing a commissioning within two years.

“The plan to commence the expansion of this refinery to 50,000bpd capacity, to refine crude oil and condensate, is a demonstration of the economic reform Nigeria is undergoing.

“The realisation of the refinery roadmap will ultimately lead us to becoming a net exporter of petroleum products, not only to our neighbouring countries but to other wide markets,” he said.

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Elon Musk Net Worth Jumps by $100 Billion this Year to Topple Bill Gates, Mark Zuckerberg, Others 

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Elon Musk, the Chief Executive Officer and founder of Tesla, is now the world’s second-richest person following another surge in the price of Tesla share.

Musk total net worth jumped by $7.6 billion to $110 billion between November 16 and 17 to dethrone Facebook founder, Mark Zuckerberg, from the third position.

Since then, Tesla stock has been on a bullish run and in the last 24 hours added $7.24 billion to Elon Musk’s total net worth, according to Bloomberg Billionaire Index. Bringing the billionaire’s total net worth to $128 billion.

Elon Musk’s net worth rose from just $28 billion in January 2020 to $128 billion on November 24, 2020, representing an increase of $100 billion, the highest by any billionaire.

Musk has finally toppled Bill Gates as the second richest person and for the first time, Bill Gates is the third richest man in the world. This is the first time in almost 40 years that Gates will be in the third position.

Billionaires listed on Bloomberg Index have collectively gained $1.3 trillion this year.

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