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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

Senate Passes New Electoral Act, Expects Buhari To 'Of Course' Grant Assent

The bill was read the third time and passed on Tuesday during the Senate's plenary session, after the adoption of a report of the Committee on INEC on the Independent National Electoral Commission (INEC) Act 2010 (Amendment) Bill, 2018 (SB. 699), presented by its Chairman, Senator Suleiman Nazif.



The Senate has passed a new version of the Electoral Act 2010 (Amendment) Bill, 2018.

The passage came after President Muhammadu Buhari declined assent to the bill three times, on the premise of constitutional and drafting issues.

The bill was read the third time and passed on Tuesday during the Senate's plenary session, after the adoption of a report of the Committee on INEC on the Independent National Electoral Commission (INEC) Act 2010 (Amendment) Bill, 2018 (SB. 699), presented by its Chairman, Senator Suleiman Nazif.

Speaking on the development, Senator Emmanuel Bwacha said: "What APC and PDP are both interested in are transparent elections and so I want to appreciate and commend the Committee."

In his remarks on the passage of the bill, Senate President Bukola Saraki expressed the hope that the President would now assent to the proposed law.



His words: "Let me congratulate all of us, particularly the Committee on Electoral Matters for the hard work they put in. We were able to achieve this that looked almost impossible at a time, and I want to commend everybody for making this happen.

“This will go a long way in improving our electoral process and further strengthen our governance. I am sure with this now, Mr President will, of course, give his assent, and we can now finally have an Electoral Act that we would all be proud of."

 

(Sahara Reporters News)

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