DANGOTE REFINERY TO SUPPLY 60 MILLION LITRES OF PETROL WEEKLY TO IPMAN TO BOOST CRUDE IMPORTS. (PHOTO).

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 Dangote Refinery To Supply 60 Million Litres Of Petrol Weekly To IPMAN To Boost Crude Imports The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) on a weekly basis, which translates to 240 million litres per month. This comes as the $20bn Lekki-based refinery seeks to raise billions of dollars to import crude oil and increase production to reach its full capacity of 650,000 barrels per day. IPMAN National Publicity Secretary, Chinedu Ukadike, confirmed that the association is finalizing discussions with Dangote and expects to start lifting PMS from the refinery before the end of November. The agreement has already led to a drop in petrol prices by N10 to N15 due to increased competition in the downstream sector following deregulation. In the past 42 days, the Nigerian National Petroleum Company Limited (NNPC) and other marketers have imported over two bil
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BITCOIN PRICE CROSSES $75,000, SETS NEW ALL-TIME HIGH AFTER TRUMP'S VICTORY.(PHOTO).

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 Bitcoin price crosses $75,000, sets new all-time high after Trump’s victory


Bitcoin (BTC), the world’s largest cryptocurrency by market capitalisation, crossed $75,000 for the first time on Wednesday.

TheCable observed that the leading cryptocurrency gained 8.63 percent over the past 24 hours, and momentarily settled at $75,011.06, according to CoinMarketCap, a price-tracking website for crypto assets, earlier today.

However, it declined to $73,803 at 11:40pm (GMT+1).

Bitcoin’s previous all-time high was $71,195 recorded on March 11.

Also, the global cryptocurrency market capitalisation rose to $2.45 trillion earlier, after recording an increase of over $190.4 billion in the last 24 hours.

Similarly, the price of other cryptocurrencies also experienced an increase.

Ethereum (ETH) price rose by 7.51 percent to $2,618 in the last 24 hours while Solana (SOL) has surged by a whopping 14 percent retailing for $184, and Dogecoin (DOGE) also saw a 19 percent push.

The surge in the bitcoin price comes amid reports that Donald Trump, a Republican Party candidate, won the United States presidential election after exceeding the magic number of 270 electoral college votes.

In May 2024, the Trump campaign announced that supporters can make donations in crypto, including bitcoin, ether, and dogecoin — indicating crypto will be a key issue during the election.

Last month, the former US president began promoting World Liberty Financial, a crypto venture set up by his longtime business partners and others, according to Financial Times.

World Liberty began selling its token to qualified investors to raise $300mn.

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