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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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Case against Innoson: Our position - GTBank

GTbank has pledged to continue to provide best-in-class customer experience service to its valued customers, notwithstanding Innoson Nigeria Ltd, claim against the bank, noting that there was no cause for panic.


GTbank in statement, said “The attention of GTBank has been drawn statements circulating in the news and social media in respect of a purported enforcement of a judgment of the Federal High Court, Ibadan, at one of its branches in Anambra State.

“The bank as a law-abiding corporate citizen is taking all necessary legal steps to address this situation and to ensure that no illegal or fraudulent execution is carried out.

“It is important to state that the judgment allegedly in issue is in respect of garnishee proceedings against the account of the Nigerian Custom Service board domiciled with the bank and not against the bank as an entity.

“The bank remains committed to providing the best-in-class customer experience to all its valued customers.

“While we humbly urge you to disregard the purported story, we also deemed it highly imperative to feed you with some basic information on the true status and essence of the case/ruling in question.
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“We promise to keep you informed on the status of things and also furnish you with any substantive position of the bank as soon as one is issued.”

(Vanguard News Nigeria)
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