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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

Junta, Malian opposition close ranks against regional sanctions threat

BAMAKO  - Mali’s opposition coalition on Thursday dismissed efforts by regional powers to block a coup-driven change of government, saying it would work with the junta that ousted the president to restore stability to the country.
FILE PHOTO: A Malian army soldier is seen outside the private house of president Ibrahim Boubacar Keita who resigned overnight after the military mutinied and arrested him, in Bamako, Mali

The Economic Community of West African States (ECOWAS), which is convening over the crisis, suspended Mali, shut borders and halted financial flows in response to Tuesday’s overthrow of President Ibrahim Boubacar Keita.

The M5-RFP coalition of anti-Keita opposition groups said it was working alongside the mutineers, and labelled the ECOWAS sanctions an over-reaction stemming from some regional leaders’ fears that the coup could set off political unrest in their countries.

“(The leaders) are on an all-out drive to set ECOWAS against Mali,” said M5-RFP spokesman Nouhoum Togo.

“...M5-RFP and CNSP are currently working. At 10am they should present the conclusions, which will be brought to the attention of the press this afternoon.”

Togo said banks would open as normal on Thursday.#

The capital Bamako was calm for the second straight day, a Reuters reporter said, as people appeared to heed earlier calls from junta spokesman Colonel Ismael Wague to return to work and go about their daily lives.

The coup, which has rocked a country already in the grip of a jihadist insurgency and civil unrest, has been met with almost universal condemnation abroad.

It has fuelled concerns it could disrupt a military campaign against jihadists linked to al Qaeda and Islamic State operating in northern and central Mali and West Africa’s wider Sahel region.

Heads of state from all 15 members of ECOWAS are due to discuss fallout from the coup in a virtual session on Thursday.

In July, a delegation from the bloc failed to broker an agreement between Keita and the opposition, who had led large-scale protests against the government in recent months.

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