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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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Okada/Keke ban, Lagos deploy 65 new buses and news ferries


Lagos State Governor, Mr. Babajide Sanwo-Olu has directed the management of Lagos Bus Services Limited to deploy a fleet of 65 buses along major routes from Monday, to provide succour and ameliorate the hardship commuters might face as a result of the restriction order on the operators of motorcycles and tricycles in some parts of the State.

The new routes where the LBSL will extend its services from tomorrow and the specified transport fares are:

1. Ikeja – Ogba: N100

2. Berger – Ogba: N100

3. Ikeja – CMS: N200

4. Oshodi – Ajah: N500

5. Obalende – Ajah: N250

6. CMS – Ajah: N250

7. Inner Marina – Ajah: N250

According to the Managing Director and Chief Executive Officer; Idowu Oguntona, extending the services of the company to these locations would help reduce the vacuum created by the restriction order of Lagos State Government on Okada and Keke operators in some areas.

While maintaining that commuters will enjoy the pleasure and comfort of riding in the new buses along these routes, Oguntona disclosed that more buses will be deployed by the company in no distant time.
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