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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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Presidency steps up moves to end NLC strike




The Presidency yesterday stepped up efforts to convince labour unions in the country to call off their strike following the earlier meeting at which the government accepted their demand to reconvene the tripartite meeting on the proposed new national minimum wage.

A statement issued by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, noted that the meeting between the labour leadership and the representatives of the employers of labour is now scheduled to reconvene on Thursday, October 4.


He said: “By its tripartite nature, the committee is made up of persons from the public sector (federal and state governments) and the private sector made up of the largest private employer group and the Nigeria Employers Consultative Association (NECA).


 
“Other members include the Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce Industry Mines and Agriculture (NACCIMA) and Nigerian Association of Small and Medium Enterprises (SMES).

“Invitation letters have since been dispatched to all the participants.

“At the moment, the Presidency understands that the combined leadership of the unions, having met and deliberated on the position of the government, have now set in motion a process of consultations with their constituent members to determine their next line of action.” he said

He said that the Presidency wished to assure that the federal government is taking every step necessary to get the unions to call off the strike.


(The Nation News)
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