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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...
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Nigerian Governors holds emergency meeting over NLC’s planned strike


Nigeria Governors' Forum (NGF) us to hold emergency virtual teleconference over NLC’s planned strike

By Emmanuel Oloniruha

The 36 state governors are to hold an emergency meeting over the threat by the Nigeria Labour Congress (NLC) to embark on an industrial action to demand that the Federal Government rescinds its decision on the recent hike in the prices of petroleum products and electricity.

The Nigerian Governors’ Forum (NGF) disclosed this in a statement issued by its Head, Media and Public Affairs, Abdulrazaque Bello-Barkindo, in Abuja on Wednesday.

Bello-Barkindo said that the emergency meeting scheduled for 6:00 p.m. on Thursday would seek ways of settling the rift and find a mutual agreement.

He said that all governors were expected to attend  the first NGF emergency virtual teleconference to consider the matter which he described as of urgent national importance.

Bello-Barkindo said that the matter needs to be quickly resolved in order not to worsen the already bad situation of Nigerians as caused by the COVID-19 pandemic.

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