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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

FG Approves Charges For Lagos-Ibadan Rail


The Federal Government has approved passengers’ charges on the new Lagos Ibadan rail standard gauge.

The Minister of Transportation, Rotimi Amaechi, made the disclosure during the inauguration of the Governing Council of the Chartered Institute of Transport Administration of Nigeria (CIOTA) in Abuja on Friday.


The Nigerian Railway Corporation (NRC) Managing Director Engr Fidet Okhiria had said the corporation will begin commercial operation on the Lagos-Ibadan speed train corridor on Monday.

At the second Annual Summit with the theme, “Building Sustainable Transport Infrastructure in Nigeria: Opportunities, Innovations and Technologies,” Amaechi said: “I have received the mandate of President Muhammadu Buhari to inaugurate the Lagos /Ibadan rail project by Jan. 2021 which will makes Nigerians see the way the standard gauge railway looked like.

“Today I approved the charges on passengers from Lagos to Ibadan; we just transfer how we charged from Abuja to Kaduna.

“We charge N3, 000 per Economy seat, N5, 000 for Business class and N6,000 for First class, the same is applicable to Lagos to Ibadan.


“It should have started running by now before Mr. President inaugurates it by January.”

The minister said there had been tremendous changes in most of the air terminals saying that the Minister of Aviation would inform the public of the completion of Lagos/Kano terminal.

Amaechi promised that the ministry would collaborate with CIOTA to enable them achieved their objectives.

He added that transportation was more than administration but without administration there would be no transportation.

The minister said CIOTA role was critical to the growth of transportation in Nigeria adding that the country had advanced a lot in the area of transportation.

The primary aim and objectives of the Institute is to advance the study, training and practice of transport management and administration in Nigeria regardless of specialization within the industry; and to set standards of practice and determines the knowledge and skills to be attained by persons seeking to become registered members of the Institute and practice as a Chartered Transportation.

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