The Nigeria Customs Service (NCS), Sokoto/Zamfara Command, has auctioned off 25,162 litres of seized petrol to the public in Sokoto State.
Kamal Muhammed, the Area Controller, confirmed this development during a press briefing in Sokoto on Wednesday, July 10.
According to him, the auction was conducted in strict adherence to existing laws and with the approval of the Comptroller General of Customs, Bashir Adeniyi.
His words:
Muhammed revealed that the fuel auction was conducted at a token price of N180 per litre.
The area controller also spoke on the smuggling activities.
TimesNow.com.ng reported that Nigeria’s foreign exchange (forex) problem and the significant pressure it puts on the local Naira currency can be resolved by the Dangote Oil Refinery and Petrochemicals company, S&P Global, an international financial analytics company, has said.
As part of its evaluation of Nigeria’s sovereign credit ratings, S&P Global, which has its headquarters in Manhattan, New York City, revealed this information while on site at the Dangote Refinery in Ibeju-Lekki, Lagos.
According to S&P, Nigeria’s oil industry and expanding economy would benefit from the world’s largest single-train refinery complex.
Source: TimesNow.com.ng
