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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...

Customs bans all import, export through land borders

Ali Custom CG


The Nigeria Customs Service on Monday said it has placed a ban on import and export of all kinds of goods through Nigeria land borders.
“For now, all goods, whether illicit or non-illicit, are banned from going and coming into Nigeria,” Hameed Ali, NCS chief, said at a press conference in Abuja

Let me add that for the avoidance of doubt that we included all goods because all goods can equally come through our seaports,” he said.
“For that reason, we have deemed it necessary for now that importers of such goods should go through our controlled borders where we have scanners to verify the kind of goods and how healthy to our people can be conducted.”

Ali said the measure would enable security agencies to be able to scan the goods entering the country.
In August, the Nigerian government announced the partial closure of its western border with Benin to curb rice smuggling that is threatening the country’s attempt to boost local production.
Nigeria’s President Muhammadu Buhari said he wants Nigeria to be self-sufficient in rice and has imposed import controls. He said rice smuggling across the western border threatened his policy of self-sufficiency.
However, since the closure of the borders prices of rice both local and foreign have skyrocketed
Ali said border security had seized items worth N1.4 billion since the partial closure of borders


Source; The Guardian

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