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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

PHOTOS: Tears As Fire Razes Over 400 Shops In Anambra Market





Over four hundred shops have been destroyed by fire at the Old Motor Spare Parts Market, popularly called Mgbuka Obosi, in Idemili North Local Government Area of Anambra State.

During a visit by Channels Television crew on Saturday, a mammoth crowd gathered at the scene, lamenting the devastating incident, as well as questioning the competence of the market security guards.

They noted that the guards should have taken proactive measures that would have cut down the extent of damage in the market.

Although the cause of the fire has yet to be ascertained, the chairman of the market, Mr Samuel Ezeobodo, gave the report he got from the market security officials after 12 midnight.

According to him, a leaking gas cylinder inside one of the affected shops may be the cause of the fire from where it spread to other shops.

Ezeobodo disclosed the death of one of the market leaders, Mr Godwin Edozieuno, who died of shock upon hearing that his shop was one of those affected.

The damage is massive and some of the affected traders bemoaned their fate, saying they have been rendered helpless.

Amidst the tears of market men and women, one of the traders was lucky his shop was not gutted by fire despite its closeness to those razed.

See more photos below:

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