Business

Matrix Energy’s Legacy of Purity and Integrity Amid Smear Campaign

Published

4 months ago

August 27, 2024

Matrix Energy’s Legacy of Purity and Integrity Amid Smear Campaign

In the ever-competitive world of Nigeria’s petroleum industry, success breeds both admiration and envy. For Abdulkabir Aliu, the Chief Executive Officer of Matrix Energy Limited, the latter has unfortunately manifested in recent unfounded allegations that his company has been importing substandard petroleum products. These accusations, however, are nothing more than the desperate ploys of saboteurs and detractors who seek to tarnish the sterling reputation that Matrix Energy has built over two decades of impeccable service.

Let’s set the record straight: Matrix Energy has never, and will never, compromise on the quality of its products. As Aliu himself emphatically stated, “We have never brought in any product that is either hazardous or off-spec and we will never do that because we love this country.” These are not just words; they are the guiding principles that have driven Matrix Energy to the forefront of Nigeria’s petroleum industry, making it a household name synonymous with quality, integrity, and reliability.

For 20 years, Matrix Energy has not only thrived but has set the gold standard for what it means to operate with excellence in the petroleum sector. Aliu, a banker-turned-businessman, has steered the company with an unwavering commitment to the highest standards, ensuring that every product that bears the Matrix Energy name is a testament to the company’s dedication to quality. The company leverages its deep market expertise and robust infrastructure to deliver only the best to its customers, who continue to place their trust in Matrix Energy year after year.

The rumors of substandard imports are nothing but the bitter fruits of envy, planted by those who wish to see Matrix Energy falter. These detractors, threatened by the company’s success and growth, have resorted to baseless smear campaigns in a bid to undermine the trust that the Nigerian public has in Matrix Energy. But Aliu and his team remain undeterred. With the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) rigorously monitoring and regulating the quality of petroleum products in the country, it is simply impossible for off-spec products to enter the market, let alone be associated with a reputable firm like Matrix Energy.

In a sector where shortcuts are tempting, Matrix Energy has consistently chosen the path of integrity. Aliu’s words, “Everything is not about money; Matrix Energy stands on quality,” are a bold reminder that true success is not measured by profit margins alone, but by the enduring trust and respect of the people. As Matrix Energy continues to shine as a beacon of excellence, those who attempt to dim its light will find that their efforts are in vain.

Let there be no doubt: Matrix Energy’s commitment to Nigeria is unwavering, and no amount of baseless allegations will change that. Aliu and his company will continue to stand tall, as the pillars of quality and integrity in Nigeria’s petroleum landscape.

Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

4 minutes ago

December 21, 2024

Sahara Weekly

Dangote Refinery Receives Its Maiden Crude Cargo

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

Business

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

Published

7 hours ago

December 21, 2024

Sahara Weekly

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

Business

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Published

1 day ago

December 20, 2024

Sahara Weekly

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.

The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.

“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.

The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.

Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.

The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.

This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.