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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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[UPDATED] Senate extends JAMB result’s validity, scraps post-UTME

    

JAMB Registrar, Prof. Ishaq Oloyede

The Senate on Thursday extended the validity of the Unified Tertiary Matriculation Examination conducted by the Joint Admission and Matriculation Board from one year to three years.

It also scrapped the conduct of post-UTME examinations by higher institutions for admission purposes.

If President Muhammadu Buhari assents to the bill and it becomes law, candidates with old results will, henceforth, be given preference over new UTME candidates in subsequent admission processes by tertiary institutions.

The validity extension and post-UTME scrapping were parts of the amendments made to the law establishing JAMB.

The Senate Committee on Tertiary Institutions and TETFUND, which presented its report on “A Bill for An Act to Amend the Joint Admissions and Matriculation Board Act and for Other Matters Connected Thereof, 2016 SB.245” to the chamber during Thursday’s plenary, said the purpose of the bill was to amend the JAMB Act to increase the validity period of JAMB examination from one academic year to three academic years.

The Senate had passed the bill for the second reading on June 1, 2016, before referring same to the committee.

The committee said, in considering the bill, it made reference to the contributions of the lawmakers regarding the financial hardship experienced yearly by parents and guardians who sponsor candidates for UTME.

Members of the Senate passed the bill unanimously.


Source; punch

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