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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

Jesus Painting Bound for the Dump Is Lost Renaissance Masterpiece Worth $27 Million







The third panel of a lost 13th-century altarpiece has been found... between a French woman's kitchen and living room.


This 10-inch-tall panel by early Renaissance master Cimabue recently sold for $27 million after hanging in a French woman's kitchen for years.
(Image: © Philippe Lopez/AFP/Get


A small panel painting of Jesus hung over the hot plate in an elderly French woman's home for longer than she could remember. When the woman moved out in September, the painting was due to go to the dump (along with many of her other possessions), unless a local auctioneer could appraise and remove the work within the week.

On Sunday (Oct. 27), that painting — actually a lost work by the early Renaissance master Cimabue — sold at auction for $26.8 million.

According to the Actéon Auction House, where the painting sold, that's a new world record sum for a medieval painting sold at auction, and the highest price a European old master painting has earned at auction since the alleged Leonardo da Vinci work "Salvator Mundi" sold for $450 million in 2017. (Moral: Be careful what you hang over your hot plate.)
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The 10-inch-high (25.4 centimeters) painting, called "The Mocking of Christ," shows a bedraggled Jesus surrounded by a horde of pushy men and was painted on a panel of poplar wood. Art historians believe the small work was part of an altarpiece completed in 1280, which would have hung somewhere in Europe (Cimabue was from Florence). Only two other panels from the series — the "Flagellation of Christ," which hangs in The Frick Collection in New York, and the "Madonna and Child Enthroned Between Two Angels," in The National Gallery in London — have been discovered, and there may be five more yet to find.

To verify the newfound painting's authenticity, researchers compared the distinct wormhole patterns on its back with those from the "Flagellation" and "Madonna" panels. "You can follow the tunnels made by the worms," art historian Eric Turquin told The Art Newspaper. "It's the same poplar panel."

Cimabue was active from 1272 to 1302. He was considered by 16th-century art biographer Giorgio Vasari to be the first European master to eschew the stiffness of Byzantine art in favor of the naturalistic style of the Renaissance. Also a teacher, Cimabue was eventually overshadowed by his most famous student, Giotto.

How the long-lost masterwork ended up in the woman's house, nobody knows. The woman, herself told The Guardian that the work had been in her family for so long that she never questioned its origin. She always assumed it was an old religious icon from Russia, she said.

Source;Livescience

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