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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's COVID-19 Confirmed Cases Surged above 600,000

 South Africa’s confirmed COVID-19 cases have surpassed 600,000, the health ministry said on Friday, although the number of new cases has been declining since a peak in July.

Despite imposing one of the world’s toughest lockdowns at the end of March when the country had only a few hundred cases, South Africa saw a surge in coronavirus infections that has left it the hardest hit on the continent.

The ministry said in a statement South Africa now had a total of 603,338 cases and 12,843 deaths - accounting for more than half of the continent’s cases and around 47% of its deaths, according to a Reuters tally of government and World Health Organization data.

Africa’s most industrialised economy reported 3,398 new cases on Friday, compared with a peak of over 13,000 cases a day seen in July.

“We believe that South Africa is in a way moving past the point of the peak of the pandemic, we believe we have gone beyond the inflection point,” Health Minister Zweli Mkhize said on Wednesday.

The COVID-19 crisis has battered an economy already in recession and pushed millions of South Africans deeper into extreme poverty.

The government eased lockdown restrictions this week to allow most of the economy to re-open. But President Cyril Ramaphosa cautioned that cases could surge if people failed to maintain vigilance.

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