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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

WHO chief calls for widespread virus testing as Europe locks down


Tedros said more cases and deaths have now been reported in the rest of the world than in China, where COVID-19 first emerged in December

The head of the World Health Organization called Monday for every suspected coronavirus case to be tested, as countries across Europe tightened their lockdowns and global stock markets tumbled again.

"You cannot fight a fire while blindfolded," said WHO chief Tedros Adhanom Ghebreyesus told journalists. "Test, test, test. Test every suspected case."

The virus is spreading rapidly, forcing governments to impose restrictions rarely seen outside wartime -- closing borders, ordering home quarantine and scrapping public events including major sporting fixtures.

Tedros said more cases and deaths have now been reported in the rest of the world than in China, where COVID-19 first emerged in December before crisscrossing the globe.

"This is the defining global health crisis of our time," he told reporters. "Crises like this tend to bring out the best and worst of humanity."

Worldwide, the number of deaths has passed 6,500 with more than 168,000 infections in 142 countries.

However, in China there were continuing signs of improvement, with only four new COVID-19 cases recorded in Wuhan -- where the virus was first detected in December -- although imported cases rose.
AFP / Michal Cizek
Charles Bridge in Prague is largely empty


Governments are scrambling to contain not only the spread of the virus but also the economic fallout, with fears it will catapult the world into recession.

The EU will also hold a summit on Tuesday, set to discuss the 27-nation bloc's response to the virus, including a proposal to close all borders to non-essential travel.

Countries across Europe are on full lockdown, while major US cities have shut bars and restaurants and schools are closing nationwide.

In the latest restrictions in Europe, Germany announced border controls, banned gatherings in churches, mosques and synagogues and said playgrounds and non-essential shops would close.

Spain also announced it would seal off its land bordes as the number of cases edged closer to 10,000, while Britain called for an end to all "non-essential" contact and travel, and Switzerland declared a state of emergency.

France -- the world's most visited country -- is bracing for even tougher restrictions after the government also closed schools, bars and restaurants and most shops except for food stories and pharmacies.
AFP /
Global spread of coronavirus

Italy -- the hardest hit nation in Europe -- announced another surge in deaths, taking its overall toll to more than 2,000.

Iran, the country with the highest number of infections and deaths in the Middle East, closed four key Shiite pilgrimage sites.

In the United States, the US Federal Reserve sought again to shore up the economy, announcing another $500 billion in cash injections after slashing its key interest rate to virtually zero.

The Bank of Japan on Monday also announced emergency economic stimulus measures for the world's third-biggest economy.

But stock markets and oil prices went into freefall again as the various central bank moves failed to lift confidence.

Wall Street stocks sank more than 10 percent after a brief suspension triggered by steep losses, following sharp nosedives in European markets.

"The biggest concern has to be that the big G7 central banks have exhausted their policy tool kit, especially the biggest and most influential one of them all, the Fed," said AxiCorp's Stephen Innes.

Major world airlines on Monday axed almost all flights temporarily, triggering pleas to help carriers survive.
AFP / Frederic J. BROWN
Panic-buying has been seen around the world as people stock up on essentials fearing a lengthy period of enforced quarantine


China provided more evidence of COVID-19's dire economic impact, announcing factory output had contracted for the first time in nearly 30 years.

And European car makers including Fiat Chrysler and Peugeot began shutting down their factories.

- Stocking up on weed -

Normal life was at a standstill in much of western Europe, with France ordering all non-essential businesses closed and Spain banning people from leaving home except to go to work, get medical care or buy food.

There have been scenes of panic-buying around the world as anxious people stock up on essentials fearing a lengthy period of enforced quarantine.

Larry Grossman, manager at a Manhattan supermarket, said he had never seen anything like it in 40 years.
AFP / Johannes EISELE
Stocks tumbled on Monday despite emergency central bank measures to prop up the virus-battered global economy

"I have been through Hurricane Sandy... through 9/11, I have never seen shopping like this," he told AFP as he restocked empty shelves.

In New York and Los Angeles, bars and restaurants have been closed, while several casinos in Las Vegas have shuttered.

- 'Really upset' -

There was pandemonium at several airports as travellers scrambled to get home with countries increasingly slamming shut their borders to prevent the virus spreading.
AFP / Johannes EISELE
In the US, passengers complained of massive queues as staff battled with new entry rules and stipulations on medical screening


In the US, passengers complained of massive queues as staff battled with new entry rules and stipulations on medical screening.

There is growing opposition to holding the Olympics as planned this summer, and there are also doubts about the European football championships set to take place in 12 countries this summer.

And there have been heartwarming scenes around the world as people attempt to lift spirits.

In Switzerland, Geneva residents applauded, whistled and rang bells from their balconies and windows to thank health workers on the frontline.

Images of Italians singing from their balconies have also gone viral, as the country becomes accustomed to the lockdown.

"A year ago, nobody played (video games) any more so I sold mine. Now I'm kicking myself. I'm fighting boredom by studying a little in the morning and just watching TV," said 19-year-old Gianpaolo.

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