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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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Cybercrime: Canada Names China, Russia as Main Cyber-crime Threats


Canada names China, Russia as main cyber-crime threats; sees risk to power supply


Canada on Wednesday identified state-sponsored programs in China, Russia, Iran and North Korea as major cyber crime threats for the first time, and said it feared foreign actors could try to disrupt power supplies.


The Communications Security Establishment (CSE) signals intelligence agency said the programs posed the greatest strategic threat to Canada.

“State-sponsored cyber activity is generally the most sophisticated threat,” CSE said in its second national cyber threat assessment.

CSE’s first study, released in 2018, mentioned foreign-based actors without identifying them. In July, Canada, Britain and the United States accused Russian-backed hackers of trying to steal COVID-19 vaccine data.

China and Russia have repeatedly denied trying to break into other nations’ critical infrastructure.

Chinese foreign ministry spokesman Zhao Lijian said on Thursday that Canada’s claims were groundless and China is itself a victim of cyber attacks.

Canada’s relations with China have soured notably over the last two years.

“We certainly have a long history of noting behavior from China that isn’t in accordance with what our expectations are,” Scott Jones, head of cyber security at CSE, told reporters.

Jones did not answer directly when asked why the four nations had been named.

CSE said it was very unlikely hackers would try to cause major damage or kill people in the absence of war.

But they “may target critical Canadian organizations to ... pre-position for future activities, or as a form of intimidation,” it added.

“State-sponsored actors are very likely attempting to develop the additional cyber capabilities required to disrupt the supply of electricity.”

In 2019, Russian-associated actors probed U.S. and Canadian electricity utilities, it added.

CSE said the threat of potential hacks was serious given how many people were relying on digital services amid the coronavirus pandemic.

CSE is probing whether China’s Huawei Technologies Co Ltd can supply equipment for next-generation 5G networks. The United States and other close allies have moved to block Huawei, saying its gear could contain backdoors allowing access for spies.

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