The Independent Petroleum Marketers Association of Nigeria (IPMAN) is making significant strides towards establishing direct petrol loading from the Dangote Refinery, as reiterated by the National President, Abubakar Maigandi. In recent developments, Maigandi conveyed optimism about the ongoing discussions with the refinery, which boasts a capacity of 650,000 barrels per day, highlighting that arrangements for lifting petrol directly are nearing completion.

At the inauguration of a task force aimed at monitoring and preventing oil bunkering and other illicit activities in Abuja, Maigandi confirmed that negotiations with Dangote Refinery have progressed positively. “We are close to finalizing arrangements to lift petrol directly from Dangote Refinery,” he stated, affirming that IPMAN has resolved its pricing disputes with the Nigerian National Petroleum Company Limited (NNPCL) and is now concentrating on establishing a partnership with Dangote.

The negotiations were reportedly initiated after intervention by the Director-General of the Department of State Services (DSS). In a notable occurrence, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been tasked with issuing the necessary import and off-take licenses to facilitate these arrangements.

Despite the optimistic outlook, concerns linger regarding the refinery’s ability to meet national petrol demands, which may necessitate continued imports. A recent meeting between oil marketers and Dangote officials did not yield a final agreement, but further discussions are scheduled to take place in Lagos, indicating a commitment to resolving outstanding issues.

Maigandi emphasized that IPMAN is dedicated to combating economic sabotage that threatens Nigeria’s oil resources, asserting that the newly established task force is vital in addressing these challenges. “Our association accounts for more than 80% of the distribution chain in the downstream oil sector, and we are determined to tackle the issue of economic sabotage head-on,” he asserted.

As IPMAN continues to navigate these negotiations, the outcomes will undoubtedly play a crucial role in shaping the future of Nigeria’s petroleum distribution landscape.

Exciting news is on the horizon for DOGS memecoin holders. The much-anticipated claim for DOGS, the meme coin inspired by Spotty—the beloved mascot of VK, a Russian social media giant created by Pavel Durov—is now open. This token has quickly captured the attention of the vibrant Telegram community, thanks to its unique blend of entertainment and cryptocurrency, making it a standout in the meme coin landscape.

## DOGS Claim Date

As of today, users can initiate their DOGS token claim directly through the Telegram Wallet app. To access the claim, it is essential to have an account on one of the supported exchanges, such as OKX or ByBit, and to ensure that your KYC (Know Your Customer) process is completed. Detailed instructions are available within the app to guide you through each step of the claiming process.

It is important to note that, while the claim process is currently open, the tokens will not be immediately available in your chosen account. The scheduled deposit date for these tokens is the 20th of August, so users are advised to exercise patience. For those who have yet to register on the supported exchanges, links are conveniently provided within the app to facilitate the registration process.

Due to high demand and anticipated traffic, the “claim” button may not appear for every user simultaneously. If you encounter difficulties accessing the app or initiating your claim, it is recommended to try again later. The team is diligently working to manage high traffic and ensure a smooth experience for all users.

## Withdraw DOGS From Telegram

For those preferring to withdraw their DOGS tokens to a non-custodial wallet, this option will become available on August 20th. Until then, ensure that you connect your non-custodial wallet to the app. If you do not yet possess a TON Wallet, acquiring one from Tonkeeper is advisable in preparation for the forthcoming withdrawal option.

## DOGS Price Prediction

The DOGS token’s price has experienced volatility, recently dropping from a bullish surge into a descending channel characterized by lower highs and lows. Currently trading at $0.00953—below the community’s expectation of $0.04—the price faces critical resistance at $0.01100. Should the bulls manage to break this level, DOGS could potentially rise to $0.01800 or even $0.02300. Conversely, failure to overcome this resistance might lead to new lows, continuing its bearish trend.

DOGS has rapidly cultivated a loyal and enthusiastic community, celebrating the vibrant spirit of the Telegram community while offering not only value but also a sense of joy and connection. With this latest update, DOGS is poised to further solidify its position as a unique and cherished asset within the crypto space.

The Dogs Coin crypto community has recently generated significant excitement with the announcement of a potential listing for its $DOGS token on August 20, 2024, across 15 prominent cryptocurrency exchanges, including Budget, OKX, and Bybit. This event will be accompanied by an enormous airdrop of 400 billion DOG tokens, creating a buzz among enthusiasts, particularly in Nigeria. As interest surges, many are eager to understand the token’s projected price range and its exchange rate with the Nigerian Naira (NGN) and the US Dollar (USD).

This upcoming listing marks a pivotal advance for the $DOGS token, enhancing its visibility within the rapidly growing meme coin sector and facilitating broader engagement. Notably, the $DOGS token’s inclusion in the ‘Innovation and MEME Zone’ underscores its potential as a distinctive project in the burgeoning Bitcoin landscape.

Nigeria has emerged as a key player in the $DOGS phenomenon, with a notable enthusiasm for Telegram-based tap-to-earn projects that have consistently offered lucrative returns. From platforms like Blum to Hamster Kombat, Notcoin, and TapSwap, Nigerian users have demonstrated a keen interest in converting their taps into earnings, further fueling the anticipation surrounding $DOGS.

Tokenomics of $DOGS

According to the tokenomics shared on Telegram, over 42.2 million users are eligible to claim the airdrop, with each claim averaging 9,500 DOGS. The total supply of tokens is 550 billion, with allocations as follows:

• 81.5%** directed towards the community, benefiting Telegram early adopters.
• 10%** reserved for group initiatives and forthcoming projects.
• 8.5%** allocated for listing and liquidity-related processes.

Additionally, $DOGS plans to introduce tradable and mintable on-chain stickers in the weeks following the listing. Users will be able to claim their tokens to a non-custodial wallet starting August 20, with Toncoin required to cover the associated gas fees. Prospective claimants must ensure adequate Toncoin is available in their wallets, which can be acquired through Stars or exchanges.

Speculative Price Predictions for $DOGS

As anticipation builds around the airdrop and listing, analysts speculate that the initial price of $DOGS could hover around $0.00055. This valuation reflects the token’s accessibility for early adopters and its projected potential.

Expectations indicate that initial trading might lead to substantial volatility. If market conditions prove favorable, the value could surge to approximately $0.00825, representing a 15-fold increase from the launch price. However, should there be a price correction after an initial spike, it is plausible that $DOGS could dip to around $0.0004125, reflecting normal fluctuations characteristic of the cryptocurrency marketplace.

In the event of a pullback, market observers predict that $DOGS could stabilize around $0.0020625, still offering considerable returns from the initial investment and potentially attracting further interest from new investors.

Airdrop Price Analysis: Naira vs. USD

For many Nigerian investors, the anticipated price of $DOGS in USD relative to the Naira is of particular significance. With an expected launch price of $0.00055 (0.055 cents), and considering the current exchange rate of 1600 NGN to 1 USD, each $DOGS airdrop token would be valued at approximately ₦0.088. If the token appreciates to $0.00825, the corresponding price in Naira would elevate to about ₦13.2.

Conclusion

The impending launch of $DOGS represents a transformative phase for meme coins, especially those gaining traction among Nigerian crypto enthusiasts. The speculative price forecasts signal substantial financial opportunities for investors, particularly if the token witnesses an upward trend post-listing.

However, as with any cryptocurrency investment, it is crucial for participants to conduct thorough research and consider market volatility before making decisions. The $DOGS token’s journey is just beginning, and the coming weeks will be instrumental in shaping its future in the crypto landscape.

Photo by @realDogsHouse