Dangote
In a move aimed at enhancing the availability and distribution of petroleum products in Nigeria, Dangote Petroleum Refinery and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have signed a historic agreement. The deal, which is valued at millions of naira, will see Dangote supply IPMAN members with 240 million liters of petrol monthly. This […]
The Nigerian National Petroleum Company Limited (NNPCL) has announced the cessation of N24 trillion fuel imports, opting instead to source petroleum products from the newly operational Dangote Refinery. Key Highlights: – NNPCL ends fuel importation after 66 years – Dangote Refinery to supply 650,000 barrels per day – Local refining capacity increases to 1.1 […]
Aliko Dangote, Africa’s leading industrialist, has announced that petrol produced from his 650,000 barrels per day refinery will be available at filling stations within the next 48 hours. This follows the formalization of modalities with the Nigerian National Petroleum Company Limited (NNPCL). During a press briefing, Dangote revealed that the pricing of petrol […]
Between January and July 2024, Nigeria lost an average of 437,000 barrels of crude oil daily, worth about $10bn due to theft, vandalism, and other criminal activities, the House of Representatives declared on Thursday. As a result, the House of Representatives Special Committee on Oil Theft and Losses commenced investigations into the illegal lifting of […]
Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals. Edwin said the IOCs are deliberately and wilfully frustrating the refinery’s efforts to buy local crude by jerking up high premium price […]
The Federal Government has said it was unaware that billionaire Aliko Dangote’s Dangote Refineries imports its crude oil from the United States of America (US). Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), said this in Abuja on Thursday at the Ministerial Sectoral Updates to mark President Bola Tinubu’s one year in office. Lokpobiri […]
The Kano State Governor, Abba Yusuf, has rejoiced with the President, Dangote Group, Alhaji Aliko Dangote, on his 67th birthday. Yusuf described Dangote as an illustrious son of Kano, whose philanthropic gesture breeds life and livelihood to millions of households in Nigeria and Africa. This is contained in a statement by the governor’s Director-General, Media […]
Africa’s richest man, Aliko Dangote, is planning to set up an oil trading arm, likely based in London, to help run crude and products supply for his new refinery in Nigeria. According to Reuters, the move would reduce the role of the world’s biggest trading firms, which have been negotiating for months to provide the refinery […]
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