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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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Coronavirus: Travel slump threatens 46 million jobs


The impact of the coronavirus on travel may cost as many as 46 million jobs globally, according to projections by an aviation industry group.

The Air Transport Action Group (ATAG) predicted that the travel slump and a slow recovery will threaten 4.8 million aviation workers and more than half of the 87.7 million total jobs supported directly or indirectly by the sector, in related leisure industries and supply chains.

"We know that a lot of jobs in air transport and the wider economy relying on aviation are at risk," said Michael Gill, who heads the group representing airlines, airports, aircraft makers and other sector players.

The warning came after airlines cut their 2020 traffic forecast amid renewed coronavirus outbreaks and travel restrictions that darkened the outlook. ATAG said its findings drew on research by forecaster Oxford Economics.

Airlines are pressing governments to abandon quarantines and other travel curbs blamed for worsening the slump, and instead roll-out rapid Covid-19 testing at airports.

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