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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

South Africa investigates COVID-19 -linked corruption of $290 million

Ramaphosa

CAPE TOWN - South African authorities are investigating government departments for graft over irregularities in coronavirus-related tenders worth 5 billion rand ($290 million), the head of its Special Investigating Unit (SIU) told lawmakers on Wednesday.

The figure is likely to add to pressure on President Cyril Ramaphosa and the ruling African National Congress, who have struggled to deflect criticism from alliance partners and opposition parties as allegations of corruption implicated senior ANC politicians.

Ramaphosa, who replaced his scandal-prone predecessor Jacob Zuma in 2017 with promises to eradicate corruption, has battled to root out criminality linked to the fight against COVID-19 in South Africa, which has the world’s fifth highest number of coronavirus infections at 592,144.

In a presentation to a parliamentary committee, Andy Mothibi, head of the SIU, which investigates allegations against public sector figures or institutions, said it was working on 658 cases nationwide involving just over 5 billion rand - the first time a number has been put on the alleged graft.


The provincial health department of the central Gauteng province, an economic hub and home to Johannesburg, alone accounted for just under half of the total, at 2.2 billion rand, Mothibi added.

“The allegations reported to the SIU involved the procurement of PPEs (personal protective equipment), hospital and quarantine sites, catering services (food parcels), ventilators, disinfecting equipment and motorised wheelchairs,” he said.


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