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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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$29.9bn Loan: Presidency accepts Senate’s decision



 SSA to the President on National Assembly Matters (Senate), Sen. Ita Enang

The Presidency has said it will not dispute the decision of the Senate to reject the request of President Muhammadu Buhari to borrow 29.9 billion dollars.

Senior Special Assistant to President Buhari on National Assembly Matters, Sen. Ita Enang, disclosed this while briefing newsmen in Abuja on Tuesday.

The News Agency of Nigeria (NAN) recalls that the Senate, on Tuesday rejected the request of Buhari to borrow 29.9 billion dollars as part of its external borrowing plan for 2016 to 2018.

The leader of the Senate, Ali Ndume told newsmen after plenary that the request was rejected due to the absence of certain documents that should have accompanied the letter.

Sen. Ita Enang, therefore, said that the Presidency would not be disputing with the senate but would rather engage with them on the issue that had been raised.

“We are not disputing with the distinguished Senate.

“There are certain information and details which will enable them to consider in detail, and appropriately the request of Mr President.

“So we are collating that information. The Budget Office of the Federation, the Debt Management Office, the  Minister of Budget and National Planning, Minister of Finance and the economic team are collating the information so that it  can be submitted to the Senate to enable them take the appropriate decision.

“We would be engaging the Senate. We will not be disputing with them but we will be engaging with them.

“When we present a matter before the legislature it is for them to consider and as they have considered, more information is needed and that information they are entitled to it and we would provide,” he said.

Source; nan

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