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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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Soldiers caught on camera shooting, beating up traders in Lagos

Officials of the Nigerian Army on Saturday were caught on camera  shooting sporadically and assaulting traders at CMS area of Lagos Island.

Eyewitnesses alleged some persons in the area had earlier ganged up to beat up a military officer which spurred a retaliation from the soldiers.

“Soldiers stormed CMS shooting sporadically and beating both traders and passersby. It was alleged that some guys beat up a soldier there and the latter called for reinforcement,” an eyewitness said.

The reported sporadic shooting and assault on the traders caused huge panic as other traders have fled their wares while motorists and pedestrians were also being assaulted.



An eyewitness who pleaded anonymous expressed disappointment in the manner at which the Army had reportedly taken their supposed “revenge” on some offenders.

“It’s sad to know that the people that are meant to protect us are the same people that victimize helpless citizens on the slightest provocation,” the source said.



(Nigeria Guardian News)
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