Skip to main content

Featured post

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...

Donations to COVID-19 relief fund now N25.8bn – CBN





The Central Bank of Nigeria (CBN) on Friday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID) had risen to N25.8 billion.

CBN Director of Corporate Communications, Isaac Okoroafor, said in a statement in Lagos that the donations were from 107 donors, including individuals, banks and other corporate bodies.

“The coalition hereby conveys its gratitude to all the institutions and individuals that have generously donated to this fund.

“We urge others to consider contributing to this national solidarity to provide not only medical equipment and materials but also to render urgently needed palliatives to the poor and vulnerable segments of our society.

“We hereby restate our commitment to full disclosure and accountability for all donations made,” he said.

Comments