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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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Britain hails new start as it says farewell to EU



AFP / Kenzo TRIBOUILLARD
Ahead of Britain's departure from the EU, Brussels' Grand-Place was on Thursday lit in red, white and blue

Britain on Friday ends almost half a century of integration with its closest neighbours and leaves the European Union, starting a new -- but still uncertain -- chapter in its long history.

At the clocks strike 11:00 pm -- midnight in Brussels (2300 GMT) -- Britain becomes the first country to leave the 28-member bloc and goes it alone for the first time since 1973.

Prime Minister Boris Johnson has backed Brexit since the 2016 referendum vote to leave that triggered bitterness and division but he has promised to lead the country to a bright new future.

Official celebrations will be muted out of respect for half the population who wanted to stay in the EU and who remain fearful of what lies ahead.

"Our job as the government, my job, is to bring this country together and take us forward," Johnson said in a statement to mark the historic occasion.

He added: "This is not an end but a beginning. This is the moment when the dawn breaks and the curtain goes up on a new act."
AFP / Kenzo TRIBOUILLARD
Nothing will immediately feel different thanks to a transition period negotiated as part of an EU-UK exit deal, which was ratified only this week


Nothing will immediately feel different thanks to a transition period negotiated as part of an EU-UK exit deal, which was ratified only this week.

Britons will be able to work in and trade freely with EU nations until December 31, and vice versa, although the UK will no longer be represented in the bloc's institutions.

But legally, Britain is out -- with no easy way back.

And while the exit terms have been agreed, Britain must still strike a deal on future relations with the EU, its largest trading partner.

- Divided country -

Getting this far has been a traumatic process.

Despite Britain's resistance to many EU projects over the years -- it refused to join the single currency or the Schengen free travel area -- the 2016 vote to leave was a huge shock.

It unleashed political chaos in London, sparking years of bitter arguments that paralysed parliament and forced the resignations of two prime ministers.
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