Business

Dangote Refinery Production: Will Checkmate Round Tripping And Stabilize Economy — Dangote

"I think this has been really a great move. I wish to sincerely thank the president for creating this idea of Naira for crude and also Naira for the product. Doing that, will give a lot of stability for the Naira, where now, you remove 40% of demand for the dollars in the market and that will actually stabilize the market, but that's not it. As you know, there is a lot of round tripping where people now do documentation and the fuel do not come into Nigeria, is a fact. But, right now, as we have the Refinery working, it will show the true consumption of Nigeria. We can track every single loaded trucks, and we will try as much as possible to track the loaded ships. Trucks we can tell you the partners and co, where they are. But, that is matter for another day. Today discussion is just to celebrate and to thank God Almighty for bringing us to this stage of now producing gasoline.

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NIMASA DG Cautions Public On Fake Social Media Accounts

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola has cautioned members of the public on the existence of several unauthorized social media accounts making the rounds and purportedly belonging to him. 

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