Aliko Dangote, Africa’s wealthiest man, has announced he will not purchase Arsenal for $4 billion, citing financial impracticality. In a Bloomberg interview, he emphasized his commitment to completing his $20 billion refinery project over acquiring the football club, expressing continued loyalty...
Aliko Dangote urges the Nigerian government to remove the unsustainable petrol subsidy, citing its financial strain. He emphasized transparency in fuel consumption through his refinery and criticized current fuel pricing. Nigerians expressed mixed reactions, questioning the subsidy’s existence...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) will meet with Dangote Refinery this week to discuss direct petrol lifting and potential price reductions. The collaboration aims to enhance petrol distribution and address supply challenges, with the hope of improving...
Chief Afe Babalola has urged the Nigerian National Petroleum Company to allow Dangote Refinery to sell petrol directly to consumers at lower rates, promoting competition and benefiting Nigerians. He received the “Outstanding Achiever of All Time” award from the Ekiti-Kete Coalition in the U.S...
Nigeria's rising fuel prices have raised public concern, with many blaming local producers like Dangote Refinery. However, OPEC emphasizes that taxes imposed by major oil-consuming nations are primarily responsible. OPEC's Secretary-General urges the Nigerian government to address multiple...
Nigerian petroleum marketers are demanding transparency from Dangote Refinery over its fuel pricing as the NNPCL announced new rates across the country. Marketers are also considering fuel imports to stabilize prices, citing concerns over Dangote’s production capacity, as domestic supply remains...
Dangote Refinery's Vice President, Devakumar Edwin, announced that 44% of the facility's petrol production can meet Nigeria's daily requirements. The refinery, processing 650,000 barrels of crude daily, aims to resolve the country's PMS supply challenges while generating foreign exchange through...
The Nigerian National Petroleum Company Limited (NNPCL) has announced petrol prices for September 2024, sourced from Dangote Refinery. Prices will vary across Nigeria, with Lagos at N950.22 per litre and Borno at N1,019.22. NNPCL will pay in dollars for September, switching to Naira in October...
The Group Chief Branding and Communications Officer of Dangote, Anthony Chiejina, refuted claims regarding PMS pricing made by NNPCL spokesperson Olufemi Soneye. He emphasized that the official pricing announcement will come from the Technical Sub-Committee on Naira-based crude sales on October...
The NNPCL has announced purchasing fuel from Dangote Refinery at N898 per litre, contradicting earlier claims of N760. This move aims to enhance local production capacity, with NNPCL becoming the exclusive off-taker.
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it...
The NNPCL has commenced petrol loading operations at the Dangote Refinery, marking a significant milestone in Nigeria's fuel supply chain. This development has elicited mixed reactions from Nigerians, who express hopes for reduced fuel prices
In a significant development, the Nigerian National...
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...
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...
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