dangote refinery
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Nigeria Dangote Refinery Challenges NMDPRA's Import Licenses in Federal Court
Dangote Refinery has filed a lawsuit against the NMDPRA, seeking to annul import licenses granted to several companies for petroleum products already produced domestically. The refinery claims these actions undermine its operations, demanding N100 billion in damages and an injunction against...- Nigeria News
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- dangote refinery import licenses nmdpra petroleum industry act
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Nigeria Aliko Dangote Now the 65th Richest Person in the World with $28 Billion
Aliko Dangote, the president of the Dangote Group, has reached a significant milestone, now ranking as the 65th richest person globally, with a net worth of $28 billion. This achievement follows the successful launch of his expansive Petrochemical refinery, which has proven to be a game changer...- Nigeria News
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- aliko dangote dangote refinery
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Business Nigerian Petroleum Company NNPCL To Sell N995/Litre To Oil Marketers Despite DSS Intervention - Sahara Reporters
https://saharareporters.com/2024/10/15/nigerian-petroleum-company-nnpcl-sell-n995litre-oil-marketers-despite-dss-intervention- Kayode Israel
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Nigeria Nigerians Frustrated as Fuel Price Hits N1,030: 'When Will It End?'
Fuel prices in Nigeria have surged to N1,030 per litre at NNPC outlets in Abuja, following the termination of an exclusive purchase agreement with Dangote Refinery. This shift allows other marketers to negotiate prices directly, sparking frustration among motorists amid ongoing economic...- Nigeria News
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- dangote refinery fuel price new fuel price nnpc
- Category: Business
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Nigeria Dangote: Nigeria Can Become Africa's Premier Refining Hub
Aliko Dangote emphasized Nigeria's potential as a refining hub at a recent summit, urging the government to enhance crude oil production and manage supplies. He highlighted the nation's capacity to transition from a net importer to a net exporter of petroleum products, aiming to reduce reliance...- Nigeria News
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- aliko dangote dangote refinery
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Nigeria Pricing Controversy: Dangote Refinery Snubs Marketers, Fuels Uncertainty in Fuel Market
The Dangote Refinery faces backlash from oil marketers over its refusal to allow direct petrol lifting. Leaders from IPMAN and PETROAN express frustration at the lack of communication, which could impact petrol prices that currently range from N950 to N1,200 per liter amid recent market changes...- Nigeria News
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- dangote refinery nigeria fuel supply oil marketers petrol prices
- Category: Business
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Nigeria NNPC Ends Exclusive Deal with Dangote Refinery, Opens Market for Fuel Marketers
The Nigerian National Petroleum Company Limited (NNPC) ended its exclusive purchasing agreement with Dangote Refinery, allowing other fuel marketers to buy petrol directly. This move aims to enhance market competition, improve supply chain stability, and provide consumers with better pricing...- Nigeria News
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- dangote refinery nnpc
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Nigeria CBN: Dangote Refinery to Lower Transportation Costs and Food Inflation
The Central Bank of Nigeria (CBN) predicts that Dangote Refinery's petrol supply will reduce transportation costs and ease food inflation. The CBN has raised the Monetary Policy Rate to tackle rising inflation, which currently stands at 32.15%, driven by increasing food prices and energy costs...- Nigeria News
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- cbn dangote refinery
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Nigeria Nigerian Oil Marketers Anticipate Petrol Price Drop with Direct Lifting from Dangote Refinery
Oil marketers in Nigeria assure that petrol prices will drop once direct lifting from Dangote Refinery begins. Following a recent price surge, stakeholders like IPMAN emphasize the need for independent distribution to eliminate price disparities and foster competition, promising more affordable...- Nigeria News
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- dangote refinery ipman nigerian petrol prices
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Nigeria Why Aliko Dangote Chose His $20 Billion Refinery Over Arsenal Football Club
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...- Nigeria News
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- aliko dangote arsenal dangote refinery
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Nigeria Nigeria Cannot Afford Petrol Subsidy Any Longer, Warns Dangote
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...- Nigeria News
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- aliko dangote dangote refinery
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Nigeria IPMAN and Dangote Refinery to Discuss Direct Petrol Lifting and Pricing Strategies
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...- Nigeria News
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- dangote refinery nnpcl
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Nigeria Afe Babalola Honored for Contributions, Challenges NNPC’s Fuel Control
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 News
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- afe babalola dangote refinery nigeria fuel market nnpc petrol prices
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Nigeria OPEC: Nigeria’s Fuel Price Hike Driven by Taxation, Not Producers
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...- Nigeria News
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- dangote refinery fuel cost issues nigeria fuel prices opec taxation
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Business Refiners kick as Marketers dump Dangote Refinery for imported petrol - Daily Post
https://dailypost.ng/2024/09/20/refiners-kick-as-marketers-dump-dangote-refinery-for-imported-petrol/- Kayode Israel
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Business Oil Marketers React to NNPC’s New Petrol Pump Price at Filling Stations, Give Actual Price - Legit.ng
https://www.legit.ng/business-economy/energy/1614184-oil-marketers-react-nnpcs-petrol-pump-price-give-rate/- Kayode Israel
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Nigeria Fuel Price Hike Looms: Nigerian Marketers Await Dangote Refinery Pricing Clarity
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...- Nigeria News
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- dangote refinery fuel price hike nigeria fuel crisis nnpcl petroleum marketers
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Nigeria Dangote Refinery Can Meet Nearly Half of Nigeria’s Petrol Needs
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...- Nigeria News
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- dangote refinery nigeria petrol production pms supply nigeria
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Business NNPCL announces pump prices nationwide after lifting Dangote Refinery petrol - Daily Post
https://dailypost.ng/2024/09/16/nnpcl-announces-pump-prices-nationwide-after-lifting-dangote-refinery-petrol/- Kayode Israel
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Nigeria NNPCL Releases September Petrol Prices: Lagos at N950, Borno at N1,019
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...- Nigeria News
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- dangote refinery nigeria fuel cost nnpc petrol prices pms pump price
- Category: Business
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