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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...

Itakpe-Warri rail begins daily operations Nov. 19

Railway Service

Mr Fidel Okhiria, Managing Director, Nigerian Railway Corporation (NRC), says Itakpe-Warri rail line will begin daily operations on Monday, November 19 2018.

Okhiria disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday.

He said that the daily operations would be used to study the timing and traffic pattern for the period of one month, before commercial activities would commenced fully.

According to him, the daily test run operation will end on Dec. 19, with inspection by various government officials to see the level of work going on.

“By Nov. 19, we will commence daily operations, on Nov. 7 some National Assembly members went there for a train ride, they were pleased.

“We are preparing to go on more inspections with government officers but before then, we will start our daily test run, not commercial, so that we can study the timing and traffic pattern.

“So, we will do that for a month, ending Dec. 19, then commercial operation will commence immediately,“ he said.

The NRC boss stated that the operations would start with passengers first, before cargoes, as the passengers would start bringing goods and the warehouse would be available to off-load the goods.

He said that 12 stations for the train service were still under construction, stating that temporary stations would be used pending when the stations would be completed.

Okhiria said that the stations would be completed by the first quarter of 2019.

“We are still working on the stations; we don’t want to wait until the stations are completed before we start, we have temporary stations, so that we don’t interfere with what they are doing which is allowed.



“If we wait for the stations to be completed, the tracks may be vandalized again, but by the time we engage it for maintenance, we will protect the tracks.

“Stations will come later; we hope that by the first quarter of next year, the 12 stations will be completed and commercial service will start after Dec. 19,’’ he said.

(PM News)

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