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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

Lebanon's Hezbollah Chief Gloats Over Trump's 'humiliating Downfall' in U.S. Election


 A man watches Lebanon's Hezbollah leader Sayyed Hassan Nasrallah speaking on television, inside a shop in Houla, southern Lebanon 

The leader of Lebanon’s Hezbollah said on Wednesday he was pleased about “the humiliating downfall” of U.S. President Donald Trump, but urged regional allies to be on alert for any U.S. or Israeli “folly” during the rest of his term in office.

Sayyed Hassan Nasrallah, in a televised speech, described Trump’s administration as “among the worst, if not the worst” in the United States, but said the new president would not alter Washington’s pro-Israel policy in the Middle East.

Describing the U.S. elections as a travesty of democracy, he accused Trump of having no restraints and said his administration’s “arrogance and aggressiveness” had heightened the possibility of war.

The Iran-backed Hezbollah leader said he derived personal pleasure at the outcome of the U.S. elections also because Trump had ordered the killing of top Iranian general Qassem Soleimani.

“With a person like Trump anything is possible during the remainder of his term ... the axis of resistance should be in a state of high readiness to respond twice as hard in case of any American or Israeli folly,” Nasrallah said, referring to Hezbollah and Iran’s allies in the region.

The Trump administration has widened sanctions against Hezbollah, which Washington deems a terrorist group, and its Lebanese allies as part of a maximum pressure campaign against Iran that heightened regional tensions.

Nasrallah said U.S. sanctions imposed last week on Gebran Bassil, the son-in-law of Lebanon’s president, over charges of corruption and ties to Hezbollah were part of Washington’s efforts to pressure the armed movement’s political allies.

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