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Nigerians may soon purchase Dangote petrol at prices ranging from N857 to N865 per litre as the NNPC prepares to lift petrol from Dangote Refinery. This development aims to alleviate fuel costs, with expectations of improved availability and competitive pricing in the market.
Nigerians may soon...
Marketers are calling for direct access to fuel from the Dangote refinery, opposing NNPC's exclusive role as the sole buyer at N766/litre. Concerns rise over a potential domestic monopoly and lack of pricing transparency, as Dangote prepares to supply 25 million litres of petrol daily.
In the...
The Nigerian National Petroleum Company (NNPC) has mobilized over 100 trucks to Dangote Petroleum Refinery ahead of its petrol supply starting on September 15, 2024. NNPC will act as the sole distributor for petrol while oil marketers can purchase diesel directly from the refinery. Dangote aims...
The Dangote Refinery is set to begin distributing Premium Motor Spirit (PMS) to the NNPC starting September 15. This initiative follows a deal for the NNPC to supply crude oil in Naira. The refinery aims to enhance the availability of petroleum products while easing pressure on the Naira.
The...
![Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges](/data/attachments/208/208258-602dbae0e3e86b372bbaa21eb89a7be5.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges
The Nigerian naira fell to N1,665 per dollar on the black market, driven by high demand for travel allowances and school fees. Meanwhile, the naira also dropped 5.5% in the official market. Despite the depreciation, Nigeria’s external reserves grew by $490 million due to recent dollar bond...
The Aliko Dangote Foundation and the Presidential Committee on Flood Relief have each donated one billion Naira to support flood victims in Maiduguri, Borno State. The donations aim to aid recovery efforts following severe flooding that has displaced over one million residents and resulted in...
Nigeria
Marketers to Lift Petrol from Dangote Refinery This Sunday: 25 Million Litres Expected Daily
Marketers will begin lifting petrol from Dangote Refinery this Sunday, delivering 25 million litres daily through NNPC Trading Limited. This marks a major milestone in improving Nigeria’s fuel supply, with no change in pump prices. Dangote Refinery aims to reduce reliance on imported fuel and...
President Tinubu expressed optimism about Nigeria’s economic growth following a ₦6.9 trillion trade surplus in Q2 2024, driven by crude oil exports. His administration aims to consolidate economic gains through ongoing fiscal reforms, setting the stage for a robust economy and long-term...
Devakumar V.G. Edwin, Vice President of Oil & Gas at Dangote Group, announced that the Nigerian National Petroleum Company Limited (NNPCL) seeks a permanent office at the Dangote Refinery. This collaboration aims to streamline crude oil supply and production, potentially alleviating fuel...
Petroleum marketers in Nigeria have urged President Bola Tinubu to address the impact of Dangote Refinery’s reduced diesel price, which has dropped to N900 per liter. Due to low local demand, Dangote Refinery is exporting diesel and aviation fuel, raising concerns about the future of local fuel...
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