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Marketers Will Pay Naira for Dangote Fuel -IPMAN

Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon...
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Bills to bring Nigeria out of economic recession on the way – Saraki

 The President of the Senate, Dr Bukola Saraki, on Tuesday said the National Assembly was focussing on 11 bills that would bring the country out of current economic recession.

Saraki made this known in Abuja at the 22nd Nigerian Economic Summit: National Assembly Business Roundtable (NASSBER) on Ensuring a Legislative Framework for Made-in-Nigeria.

He said that the assembly was committed to pushing the bills to ensure that they transformed the country’s economy, adding that the legislature was also pro-business and pro-private sector.

According to him, key bills we are taking seriously to see it passed into law within one year from now are procurement, transportation, Petroleum Industry Bill (PIB), among others.

He said that the PIB was delayed due to the unrest in the Niger Delta.

“We are treating the issue of the economy with urgency and in Procurement Act Amendment, we have made provision to protect the interest of Made-in-Nigeria.

Saraki added that the NASSBER was a robust platform promoting the National Assembly and Private Sector partnership.

Fielding questions from newsmen shortly after, he said that the senate was yet to receive any bill on economic powers for the executive from President Muhammadu Buhari as being speculated.



Source;NAN

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