Business
Dangote Refinery Begins Loading Locally Produced Petrol
The Dangote Refinery has marked a significant milestone as the first batch of trucks has begun loading Premium Motor Spirit (PMS), commonly known as petrol, at the facility.
This development was highlighted in a video shared by the Dangote Group on its official X account, where the company confirmed the commencement of fuel loading.
In the video, the company announced that the trucks are ready to load PMS, signaling a major step toward locally produced petrol being distributed across Nigeria.
The Nigerian National Petroleum Company Limited (NNPCL) had previously confirmed the arrival of over 300 trucks at the Dangote Refinery, prepared to load petrol and begin distribution nationwide.
This marks a historic moment for Nigeria, as it is the first time in several years that the country will be loading and distributing locally refined petrol.
The significance of this achievement goes beyond mere fuel distribution.
It could have far-reaching effects on the nation’s economy, potentially reducing the cost of fuel and curbing long-standing issues of fuel scarcity that have plagued Nigerians.
Finance Minister Wale Edun, alongside Federal Inland Revenue Service Chairman Zacch Adedeji, had earlier confirmed that all necessary agreements were in place for NNPCL to begin lifting petrol from the Dangote Refinery.
Industry stakeholders and petroleum marketers are optimistic that the launch of fuel distribution from the refinery will not only address the recurring problem of fuel shortages but may also lead to a gradual reduction in petrol prices.
This development promises to be a significant leap toward achieving energy independence in Nigeria and fostering more stability in the nation’s fuel market.
Hamster Kombat has introduced a new anti-cheating strategy to ensure fair play and protect dedicated players. The initiative targets those attempting to manipulate the game for extra benefits, issuing a “cheating is bad” warning that could affect their positions for the airdrop distribution on September 26. The team emphasized the importance of rewarding honest players and creating a secure environment.
As Season 1 of the Telegram-based Web3 game ends on September 20, Hamster Kombat will take a snapshot of the game’s activities to determine airdrop eligibility. The game, which has over 300 million users, is focused on maintaining fairness ahead of its upcoming Season 2 launch.
Binance announced the upcoming launch of “Moonbix,” a play-to-earn (P2E) game on Telegram’s Mini App. In this game, players explore galaxies, collect items, and earn crypto rewards. Although the game leaked early, Binance is fine-tuning it for an official release and warned users to stay cautious of impersonation scams.
Telegram Mini Apps, introduced in 2023, have seen massive engagement, with popular apps like Hamster Kombat driving crypto adoption. Telegram’s integration with The Open Network (TON) has further contributed to this growth.
The Federal Government generated around $1.2 billion from telecom license fees during the early stages of mobile technology in Nigeria, with major operators like MTN, Globacom, Econet (now Airtel), and Etisalat (now 9mobile) contributing to the sum.
These fees were instrumental in laying the foundation for the country’s telecom industry, which officially began in 2000.
The sector has since become a key driver of Nigeria’s economic growth.
Former President Olusegun Obasanjo highlighted this achievement during a book launch held in Lagos on Tuesday.
He reflected on how the licensing of these operators marked a pivotal moment in Nigeria’s technological and economic development, allowing the country to leap into the era of mobile communication.
Obasanjo acknowledged the critical role these funds played in shaping the telecom industry, which has become one of the most significant sectors in the nation’s economy today.
The successful auction of these telecom licenses provided the capital necessary to build the infrastructure and networks that have connected millions of Nigerians, driving economic activity and fostering innovation across various industries.
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