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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

Senate Wants Deep Blue Sea Project Fast-Tracked To Fight Piracy


The Senate on Wednesday called on Nigeria’s maritime agency to quickly fast-track the implementation of the Deep Blue Sea Project for the protection of Nigeria’s waterways to combat the menace of pirates and armed bandits.
This resolution was a sequel to a motion titled “urgent need to address the menace of piracy and banditry in the Gulf of Guinea and Nigeria’s internal waters.”
The Senate also urged the federal government to deploy more naval personnel on the Oron coastal area to check the activities of pirates and bandits.
It urged the Executive to ensure prompt prosecution of arrested pirates and bandits to serve as deterrence.
Senator Akon Etim Eyakenye (PDP- Akwa-Ibom South) who sponsored the motion commended the Navy and NIMASA for their efforts in the reduction of piracy and banditry in the Gulf of Guinea, which forced the criminals to move further inward to terrorize residents in Oron coastal area.
“Despite the efforts of the Navy, piracy and banditry are now common in Nigeria’s international waters especially along the Oron coastal area making the waters perilous for fishermen, traders, and transporters.
“The menace of pirates and bandits who have made the creeks of Akwa-Ibom their habitation has led to untold stories of woes, hardship, kidnap and deaths among the communities and crippled the economy of the area.”
He recalled that NIMASA initiated operation Deep Blue Sea Project aimed to combat privacy and banditry by establishing a permanent Marine Police.
The project, he said, has remained at the planning stage with no law establishing it.
He said NIMASA relied on the secondment of personnel from the Navy and other services, adding that, only the full implementation of Deep Blue Sea Project would curb the menace of piracy and banditry in the Gulf of Guinea.


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