On Wednesday, the naira experienced a depreciation to N1,300 per dollar in the parallel section of the foreign exchange (FX) market, marking a 3.17 percent decline from the N1,260 recorded on April 22.

Currency traders, operating as bureau de change (BDC) operators, set the buying rate at N1,260 and the selling price at N1,300, maintaining a profit margin of N40.

Meanwhile, at the official window, the naira dropped to N1,308.52 against the dollar, reflecting a 0.64 percent decrease from the N1,300.15 traded on April 23.

According to data from the FMDQ Exchange, the naira reached a low of N1,367 and a high of N1,098. Despite this, the official window rate remains N8.52 lower than that of the parallel market.

The Central Bank of Nigeria (CBN) recently adjusted the FX rate for dollar allocations to BDC operators, selling $10,000 at the rate of N1,021/$ to each BDC. This move follows previous adjustments, including the sale of FX at N1,101/$ on April 8, compared to N1,251 offered to parallel market operators on March 25 and N1,301 announced on February 27.

In response to a recent runway incident involving Dana Air, the Nigerian Civil Aviation Authority (NCAA) has suspended the airline's Air Operators Certificate (AOC).

The incident occurred as a Dana Air plane, arriving from Abuja, veered off the runway at Lagos airport and into a nearby field.

Fortunately, all 83 passengers and crew members disembarked safely, prompting emergency responders and regulatory agencies to swiftly initiate an investigation into the cause of the incident.

Pending the outcome of the investigation led by the Nigerian Safety and Investigation Bureau, the NCAA has announced a thorough audit of Dana Air's operations. Acting Director Chris Najomo, in a letter, outlined the suspension of Dana Air's AOC, effective April 24, 2024, in accordance with the provisions of the Civil Aviation Act 2022.

This suspension facilitates a comprehensive safety and economic audit as mandated by regulations. The safety audit will entail an examination of Dana Air's organization, procedures, personnel, and aircraft, while the economic audit will assess the airline's financial stability to ensure continued safe flight operations.

The NCAA's proactive stance underscores its unwavering dedication to aviation safety and regulatory adherence, with a primary focus on passenger well-being and the preservation of industry standards.

The Kaduna State House of Assembly has requested the Ministry of Finance, Kaduna State to submit comprehensive details of all financial transactions during the tenure of former Governor Nasir El-Rufai, who governed the state from 2015 to 2023.

The demand comes in connection with an ongoing investigation into the finances, loans, and projects awarded under El-Rufai's two-term administration.

Governor Uba Sani, El-Rufai's successor, alleged that he inherited a significant debt burden, which has impacted the state's ability to pay workers' salaries.

Following Sani's allegations, the State Assembly agreed to probe El-Rufai's administration, leading to the inauguration of a fact-finding committee.

The Assembly's Clerk, Sakinatu Idris, wrote to the Finance Commissioner, requesting memorandum and documents related to financial transactions spanning from May 2015 to May 2023.

The letter directed the ministry to provide details to the fact-finding committee, including total loans approved by the Kaduna State House of Assembly, accounts into which loans were lodged and drawn, state executive council minutes, payments to contractors, salary reports, Kaduna State Development and Investment Promotion Agency (KADRIS) reports, modalities for contract payments, sales of government properties, and related documents.

The Ministry of Finance has been instructed to submit thirty copies of the requested documents to the Clerk's office by April 25, 2024, to facilitate the investigation.

ISRAEL’S REPORTS

IDF: On Tuesday, a number of launches were identified crossing from Lebanese territory that fell in open areas in the area of Shomera.

In response, an IAF aircraft struck the launcher in the Tayr Harfa area, from which the launches were fired. Additionally, a Hezbollah military compound from which terrorists were operating in the area was also struck.

Overnight, IAF fighter jets struck terror infrastructure in the area of Markaba, a military compound in the Ayta ash Shab area and a Hezbollah observation post in the area of Marwahin.

Furthermore, IDF artillery opened fire to remove a threat in the areas of Chihine and Kfarchouba.

Attached is a video of the strikes: https://bit.ly/4bapi6q

** IDF: The IDF precisely struck Hamas launchers located in a humanitarian zone in southern Gaza and continues to operate in the central Gaza corridor

Overnight, following intelligence reports and operational identification, IAF fighter jets targted two Hamas launch posts in southern Gaza. The launch posts were loaded with rockets and were struck before any launches were fired toward Israel. The strike was conducted after taking precautions to mitigate harm to civilians.

The IDF continues to operate in the central Gaza corridor and over the past day, eliminated terrorists and destroyed terror infrastructure.

In one of the strikes, terrorists were identified in proximity to the troops and were eliminated by IDF tank fire.

As part of the activity, fighter jets struck military targets.

Throughout the past day, IAF fighter jets and aircraft struck over 50 targets. Furthermore, an IAF aircraft struck an operational tunnel shaft and additional terror infrastructure in the central Gaza Strip.

Attached are aerial photos of the launchers located in the humanitarian area: https://IDFANC.activetrail.biz/ANC24042024156633399784151

Attached is a video of IDF strikes in the Gaza Strip: https://bit.ly/44kNQrq

Attached are photos of IDF operational activity in the Gaza Strip: https://IDFANC.activetrail.biz/ANC24042024546323939

** IDF: The IDF struck dozens of terror targets in southern Lebanon

A short while ago, IDF fighter jets and artillery struck approximately 40 Hezbollah terror targets in the area of Ayta ash Shab in southern Lebanon, including storage facilities, weaponry, terror infrastructures, and additional targets used by the Hezbollah terrorist organization in the area.

The Hezbollah terrorist organization extensively uses the area of Ayta ash Shab for terrorist purposes and has established dozens of terror means and infrastructures in the area in order to attack Israeli civilians and soldiers within the state of Israel.

Attached is a video of the strikes: https://bit.ly/4bbDHzd

 

HAMAS’ REPORTS

In the name of God, the most gracious, the most merciful

Press Statement

While we appreciate all the Arab countries, which we consider incubators of our people and supportive of our cause, we deny what was published by the Lebanese newspaper Al-Liwaa yesterday, Tuesday, April 23, 2024, about the movement’s request to move to Syria, as the movement did not request that from sister Syria or from anyone else.

Jihad Taha

Spokesman for the Islamic Resistance Movement Hamas

Al-Arya'a: Shawwal 15, 1445 AH

Corresponding to: April 24, 2024 AD

** Violent clashes between the resistance and the occupation army north of Nuseirat, and an occupation helicopter opened fire in the vicinity of the place.

** Hezbollah:

In support of our steadfast Palestinian people in the Gaza Strip and in support of their brave and honorable resistance, and as part of the response to the Israeli enemy’s attacks on the steadfast southern villages and civilian homes, specifically the horrific massacre in Hanin, we targeted the “Shomera” settlement, the occupied Lebanese town of Tarbikha, with dozens of Katyusha rockets.

** Hezbollah: In support of our steadfast Palestinian people in the Gaza Strip and in support of their brave and honorable resistance, and as part of the response to the Israeli attacks on the steadfast southern villages and civilian homes, specifically the massacre in Hanin, our fighters targeted a building in which enemy soldiers were present in the “Avivim” settlement with weapons. The occasion left them dead and wounded. ‏

** Hezbollah: At 4:40 pm on Wednesday, April 24, 2024, the Mujahideen of the Islamic Resistance targeted the Ruwaisat Al-Alam site in the occupied Lebanese hills of Kafr Shuba with missile weapons and hit it directly.

** Al-Aqsa Brigades: Our fighters were able to control two Zionist drones while they were carrying out intelligence missions in the skies of Khan Yunis.

#Al-Aqsa Flood

 

Israel Defense Forces/Hamas Brigade al-Qassam

WESTERN PERSPECTIVE

The US quietly shipped long-range ATACMS missiles to Ukraine

The United States in recent weeks secretly shipped long-range missiles to Ukraine for use in its battle to fight off Russian invaders, and Ukraine has now used them twice, a U.S. official said on Wednesday.

The missiles were contained in a $300 million military aid package for Ukraine that U.S. President Joe Biden approved on March 12, said the U.S. official, speaking on condition of anonymity. The official would not say how many of the missiles were sent.

White House national security adviser Jake Sullivan, at a briefing for reporters, confirmed that a "significant number" of the missiles had been sent to Ukraine and said "we will send more."

He said Ukraine has committed to only use the weapons inside Ukraine, not in Russia.

Some of the missiles were contained in a $1 billion weapons package for Ukraine that President Joe Biden approved on Wednesday, Sullivan said.

The missiles were used for the first time in the early hours of April 17, launched against a Russian airfield in Crimea that was about 165 km (103 miles) from the Ukrainian front lines, the official said.

The official said Ukraine used the weapon a second time overnight against Russian forces in southeastern Ukraine.

Whether to send the Army Tactical Missile Systems (ATACMS) with a range up to 300 km was a subject of debate within the Biden administration for months. Mid-range ATACMS were supplied last September.

The Pentagon initially opposed the long-range missile deployment, fearing the loss of the missiles from the American stockpile would hurt U.S. military readiness. There were also concerns that Ukraine would use them to attack targets deep inside Russia.

Russia's use of North Korean-supplied long-range ballistic missiles against Ukraine in December and January, despite U.S. public and private warnings not to do so, led to a change in heart, the U.S. official said.

Also a factor in U.S. decision-making was Russia's targeting of Ukraine's critical infrastructure, the official said.

"We warned Russia about those things," the official said. "They renewed their targeting."

In late January the U.S. military found a way to satisfy their concerns about military readiness, which enabled the administration to move forward. They began acquiring new missiles coming off the Lockheed-Martin production line.

Biden met with his national security team in mid-February and agreed to accept the unanimous recommendation of his advisers to send the missiles to Ukraine. Involved in the discussion were national security adviser Jake Sullivan, Defense Secretary Lloyd Austin, Secretary of State Antony Blinken and Joint Chiefs of Staff Chairman C.Q. Brown.

The challenge at that point was to figure out how to pay for the missiles. The United States had exhausted all of its funding options and congressional gridlock stymied further aid.

An opportunity arose in March, when several Pentagon contracts came in under bid. Biden was able to use the difference to send $300 million in assistance to Ukraine.

Biden told his team to include the long-range ATACMS in this funding package, but to do so secretly in order to maintain operational security and the element of surprise for Ukraine, the official said.

 

RUSSIAN PERSPECTIVE

Russian troops wipe out Ukrainian UAV production workshop over past day

Russian troops destroyed an UAV (unmanned aerial vehicle) production workshop of the Ukrainian army over the past day in the special military operation in Ukraine, Russia’s Defense Ministry reported on Wednesday.

"Operational/tactical aircraft, missile troops and artillery of the Russian groups of forces destroyed a P-18 panoramic view radar station, an UAV production workshop and a fuel storage facility of the Ukrainian army and struck enemy manpower and military hardware in 117 areas," the ministry said in a statement.

Ukraine’s army suffers 470 casualties in Donetsk area over past day

The Ukrainian army lost roughly 470 troops in battles with Russian forces in the Donetsk area over the past day, the ministry reported.

"The enemy’s losses amounted to 470 personnel, an armored combat vehicle and nine motor vehicles. In counterbattery fire, Russian troops destroyed two 155mm M777 howitzers and a 105mm M119 artillery gun of US manufacture, two 152mm Msta-B howitzers, a 152mm D-20 howitzer, a 122mm Gvozdika motorized artillery system and a BM-21 Grad multiple rocket launcher," the ministry said.

In addition, Russian troops wiped out three field ammunition depots and two Nota electronic warfare stations of the Ukrainian army, it specified.

 

Reuters/RT

As Kyiv's forces struggle, fewer than half of Ukrainians believe the country could return to its pre-2014 borders.

Kyiv, Ukraine – Natalya Brovko doesn’t believe that Ukraine will be whole again.

In recent months, Ukrainian forces have been slowly retreating in the eastern Donbas region amid excruciating losses, and top brass warn that the front line may burst open because of dire shortages of ammunition and manpower.

“With all these retreats, I don’t see how we can even get back what we lost,” the 37-year-old mother of two told Al Jazeera.

“I was scared two years ago and now I am scared again,” she said, remembering when Russian forces tried to seize Kyiv and occupied sizeable chunks of four regions in Ukraine’s east and south.

For the first time since the war began in February 2022, fewer than half – 45 percent – of Ukrainians believe that their nation could return to its borders before the 2014 annexation of Crimea, according to a survey by Rating, an independent pollster, released in early April.

A year ago, the figure was 74 percent, Rating said.

At the time, Ukraine was riding high on the success of its counteroffensive in the fall of 2022, when daring manoeuvring forced Russian forces to hastily retreat from most of the northeastern Kharkiv region.

Months earlier, Moscow withdrew its forces from around Kyiv and all of northern Ukraine, and many Ukrainians and observers were confident that Ukrainian forces would swiftly reach the Sea of Azov to bisect Russia’s land bridge between Donbas, where Moscow-backed separatists carved out one of two “People’s republics” in 2014, and Crimea.

But the counteroffensive’s failure filled Ukrainians with pessimism – especially in Russian-occupied areas.

“No one is coming to the rescue, there’s no way we can become part of Ukraine again,” Halyna, who lives in the town of Henichesk in the southern region of Kherson that has been occupied since March 2022, told Al Jazeera.

The perspective of returning Crimea and the Donbas after a decade of separation seems especially impossible – only seven percent of those polled believe in the reconquest.

The pessimism is a combination of several factors.

After more than two years of the conflict, tens of thousands of Ukrainian servicemen have been killed or wounded, millions of civilians fled abroad or to safer areas, and the economy nosedived.

And while Russia ups the ante on the front lines and with almost daily shelling of civilian areas, the public is divided about Ukraine’s new mobilisation law adopted earlier this month, after months of revisions and hundreds of amendments.

There are also concerns about the stability of Western financial and military aid. While new United States weapons could be on the way to Ukraine soon, it took US officials months to finally pass an aid package.

“With all of this in the background, the poll results are quite logical,” Kyiv-based analyst Igar Tyshkevich told Al Jazeera. “But it doesn’t mean they would remain at this level.”

Moscow strives to create an “instability zone” by striking Ukrainian energy infrastructure as blackouts and power shortages affect the economy and raise prices, he said.

Meanwhile, wider, indiscriminate drone and missile attacks on large cities such as Kharkiv in the east and Odesa in the south trigger the flight of civilians to more protected areas in central and western Ukraine.

Russia’s aim is to “create a situation when domestic political pressure grows,” Tyshkevich said.

But some people in border areas are holding up.

“It looks like everyone has gotten used to daily shelling,” said Mykola Akhbash, a police officer in the eastern town of Pokrovsk, that stands just 60km (37 miles) from occupied Avdiivka.

Although some civilians are leaving, “there’s no massive exodus”, he told Al Jazeera.

“Usually, more massive departures begin after a missile hits residential areas. But that doesn’t happen often,” he said. “Although we expect more frequent shelling.”

US ‘double standard?’

Russia has switched to pinpointed strikes on energy infrastructure deep within Ukraine, while its elite forces are being massed to move towards the strategic town of Chasiv Yar in the east.

It is also recalling former mercenaries with the Wagner private army who relocated to central Africa after the August 2023 death of their leader Yevgeny Prigozhin, said Lieutenant General Ihor Romanenko, the former deputy chief of Ukraine’s General Staff of Armed Forces.

In comparison, “the way we amass resources and reserves is difficult and complicated”, Romanenko told Al Jazeera.

Meanwhile, Ukraine is intensifying strikes on Russian oil refineries, military plants and airfields in annexed Crimea and in western Russia, including sites that are more than 1,000 kilometres (621 miles) from the border.

The strikes on oil refineries contradict recommendations from Washington amid fears of oil prices going up – a decision Romanenko dismissed as a “double standard” given the bill to provide $60bn aid to Ukraine was stalled in Congress for months.

“Shall we just watch the way they behave with such hypocrisy, with double standards, and welcome their suggestions?” he said.

Meanwhile, Washington is reluctant to provide Ukraine with fighter jets and missiles.

That, in turn, makes the task of reconquering Russian-occupied areas “complicated and divided in stages” that would include diplomatic efforts, Romanenko added.

He compared the situation with the way Croatia regained the areas it lost during its war for independence between 1991 and 1995.

Return of Crimea ‘absolutely unrealistic’

But foreign observers are far less optimistic.

The return of Crimea “is absolutely unrealistic”, said Nikolay Mitrokhin of Germany’s Bremen University.

Before the failure of Ukraine’s counteroffensive last summer there was a chance to return the annexed peninsula had Ukrainian forces reached the Azov Sea and started shelling the Crimean bridge and the Kerch Strait that divides the Azov and Black seas, he said.

“But now it’s hardly real to penetrate Russian defence farther than the takeover of the Kinburn peninsula,” a fish-shaped area in the southern Mykolaiv and Kherson regions, he told Al Jazeera.

The Kremlin invested billions of dollars in Crimea’s infrastructure and military bases – and cracked down on pro-Ukrainian residents who largely fled to mainland Ukraine.

The situation in the Donbas looks even more desperate, even though Moscow spent significantly less money there and the annexed part of the region is depopulated and destitute after severing economic ties with Kyiv-controlled areas.

“In Donbas, such breakthroughs were not real even last year,” Mitrokhin said.

The best one can expect from Ukrainian forces this year is to prevent the Russian siege of the towns of Kramatorsk and Sloviansk in the northern part of Kyiv-controlled part of Donbas, he said.

In theory, Ukrainian forces have a chance to break through the northern Luhansk region for about 100 kilometres (62 miles) towards the Russian border, he said.

“But it’s meaningless from the military and strategic viewpoints, because it will cost many victims and resources, but will not make northern Luhansk fit for peaceful life even with a truce and the freezing of the conflict,” he said.

 

Al Jazeera

Key Takeaways

• Investing in yourself will always pay off.
• Though you may not see immediate results, its steadiness propels growth and ensures you are equipped to carry on for the long run.

Contrary to popular belief, reaching professional goals doesn't always have to equate to revenue. Although money makes a difference when growing your brand and solidifying your place as a successful entrepreneur, make sure you're investing in yourself in other ways as part of a long-term strategy.

Sometimes, that means creating (and sticking to) healthy daily habits. In other instances, it may mean a small monetary investment for a bigger payoff down the road. Wherever you are in your entrepreneurial journey, there are ways to step out of a scarcity mindset and seek affordable ways to push yourself to the next level.

Investing in yourself doesn't have to be expensive. You may soon find that all the ways you invest in yourself help you reach your revenue goals faster than you think. Here are a few ways to get started.

1. Establish a routine

Every entrepreneur has habits and tricks they swear by that have helped them get to where they are. Some promise being an early riser is what has made all the difference. Others make sure to schedule time for mediation. Regardless of what appeals to you, remember that everyone is on their path. What may work for some people may be a deterrent for you.

A good way to find a routine you can stick with is by dividing your day's schedule into categories, such as projects, administrative work/meetings, health and wellness, and fun. Each of these areas is important. Prioritizing wellness and fun is just as important as focusing on work; otherwise, expect burnout as a consequence.

Once you've created your own categories, place them into time blocks. For example, if you like to exercise first thing in the morning, set aside time on your calendar that reflects that commitment to your health and wellness routine. Then, fill in the time slots with your other priorities for the day and repeat through the week.

It matters less when you wake up and more when you pay attention to your day.

2. Level up your knowledge

The internet has made it easy to get free information. Whether you want to master social media marketing or learn new software, online tutorials and classes help you get where you want to be.

Many cities also have free classes or networking groups that allow you to add to your skill set. Stay curious and expand your mind in areas that will help you grow your business. Everything from project management to accounting to scaling your business can help you streamline processes and give you more time to focus on strategy.

Once you find an online channel or in-person mentor you like, you can decide if investing in a paid course or book is beneficial. However, start with the free knowledge available online and at your local library to understand what's possible.

Add learning to your schedule as a set appointment for yourself. Otherwise, it can be easy to de-prioritize this important investment, which allows you to stay current within your industry and pushes you to connect to a higher level of growth.

3. Cut expenses

Another valuable way to invest in yourself is to eliminate what you don't need. This includes monetary costs and people or projects that are draining your energy.

Since time is money, it's important to examine where yours is being used and make adjustments as needed. When it comes to actual monthly expenses, look at your bank account.

What subscriptions do you have that you no longer use? Which platforms are not working for you? Alternatively, which platforms are working well that you'd benefit from investing in a higher tier?

Furthermore, if you have a newsletter or paid ads to promote your business, how closely are you reviewing monthly reports? Are you making changes based on analytics? Even if you have a small ad spend, ensure it's giving you the return you want. Otherwise, that cost can be distributed elsewhere.

Cutting costly connections and projects without a return on investment is equally valuable. Limit or eliminate the areas which aren't fulfilling your needs. This can take longer to establish as there are likely more personal attachments, but being an entrepreneur means preserving your energy, not giving it away for free.

Essentially, evaluate all places you're spending time and money and decide if it still makes sense for where you are in your business.

Being an entrepreneur is a marathon, not a sprint

As with any other job, entrepreneurs have good days and bad. Since you are in charge of your own success (and failures), constantly reflecting on what is and isn't working is necessary. It helps you change direction before going down the wrong path for too long. It also enables you to move out of your comfort zone when you get too comfortable.

Investing in yourself will always pay off. Though you may not see immediate results, its steadiness propels growth and ensures you are equipped to carry on for the long run.

 

Entrepreneur

 

In a significant move against illicit foreign exchange (FX) trading, the Economic and Financial Crimes Commission (EFCC) has taken action by freezing over 300 accounts.

Ola Olukoyede, EFCC’s chairman, disclosed this development during a statement in Abuja on Tuesday, underscoring the agency's efforts to combat financial crimes. Olukoyede emphasized the critical role of a court order in securing the freeze, highlighting the potential consequences if the accounts were not seized.

Moreover, he shed light on the alarming scale of illicit transactions, noting that over $15 billion had passed through unregulated platforms in the past year alone. This revelation underscores the magnitude of the challenge posed by unmonitored financial activities within the country.

The timing of this crackdown coincides with another notable event: the reported arrest of Nadeem Anjarwalla, the Binance regional manager for Africa, by Kenya’s police service. Anjarwalla's escape from an Abuja guest house, where he and his colleague Tigran Gambaryan were held by the federal government, further adds intrigue to the unfolding situation. Their alleged involvement in tax evasion and money laundering has brought them into the spotlight, with their arrest and detention on February 28 marking a significant development in the investigation.

These events unfold against the backdrop of concerns raised by Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), regarding the substantial financial flows passing through Binance Nigeria from unidentified sources.

Cardoso's assertion, made on February 27, 2024, underscores the urgency of collaborative efforts between various agencies, including the EFCC, police, and the office of the national security adviser (NSA), to address illicit financial activities within the country.

During an interactive session with media executives in Abuja, Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), made startling revelations about Yahaya Bello, the former governor of Kogi State. Olukoyede disclosed that Bello withdrew a staggering $720,000 from the state's funds to prepay his child's school fees.

According to Olukoyede, Bello orchestrated the transfer of state funds directly to a bureau de change operator, utilizing the money for advance payment of his child's education expenses. This brazen act, executed under the guise of preparing for his impending exit from office, raised serious concerns about financial mismanagement, especially in a state like Kogi known for its economic challenges.

Expressing his dismay at the situation, Olukoyede emphasized the absurdity of turning a blind eye to such flagrant misuse of public resources, particularly given the socioeconomic context of Kogi State. He reiterated his commitment to upholding accountability, regardless of any external pressures or allegations of being manipulated.

Highlighting the institutional continuity of the investigation, Olukoyede clarified that he inherited the case file concerning the former governor and did not instigate the probe against Bello.

However, recent developments have escalated the situation, with EFCC operatives laying siege to Bello's residence in Abuja on April 17, in connection to alleged fraudulent activities totaling N80 billion.

The EFCC's allegations extend beyond Bello, implicating Alli Bello, the chief of staff to Governor Ododo, and Daudu Suleiman in diverting substantial funds belonging to the Kogi State government. These accusations underscore the depth of the investigation and the widespread ramifications of corruption within the state's administration.

Dangote Petroleum Refinery has once again reduced the prices of diesel and aviation fuel to N940 and N980 per litre, respectively.

This adjustment follows a previous reduction just two weeks ago when the diesel price was lowered to N1,000.

The new pricing structure offers N940 per litre for customers purchasing five million litres and above, while those buying one million litres and above can avail themselves of diesel at N970 per litre.

Anthony Chiejina, Head of Communication, emphasized that these adjustments align with the company's commitment to alleviating the economic challenges facing Nigeria.

In an effort to make fuel more accessible, Dangote Petroleum Refinery has partnered with MRS Oil and Gas stations, ensuring affordable prices across all their outlets nationwide. Chiejina highlighted the availability of diesel at N1,050 per litre and aviation fuel at N980 per litre at major airports where MRS operates.

He further noted plans to extend this partnership to other major oil marketers, aiming to prevent retail buyers from purchasing fuel at exorbitant prices. This initiative reflects Dangote Group's dedication to improving the welfare of Nigerians amidst economic hardships.

This recent price adjustment marks the third significant reduction in diesel price within three weeks, starting from N1,700 to N940 per litre, signaling a positive trend for consumers and industries alike. Ajayi Kadiri, Director General of the Manufacturers Association of Nigeria (MAN), praised Dangote Refinery's efforts, highlighting the potential impact on the national economy.

Kadiri emphasized the trickle-down effect of these price reductions, foreseeing benefits across various sectors including industrial operations, transportation, logistics, and agriculture. He expressed optimism that these adjustments would contribute to easing the high inflation rate and stimulate economic activities, ultimately leading to the revival of dormant industries.