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Foreign airlines increase airfare by 20%
Aviation

Why FG expanded Lagos airport passenger terminal – Sirika

By Wilson Adekumola   The Minister of Aviation, Hadi Sirika, has explained why the Federal Government has expanded the passenger terminal at the airport in Lagos.   Sirika explained these plans while speaking at the inauguration of expansion of the first phase of the General Aviation Terminal, Terminal Zulu in Lagos, saying the new facility […]

FG shuts down unlicensed fuel marketers
Oil and Gas

FG shuts down unlicensed fuel marketers

  The Federal Government declared on Monday that no unlicensed petroleum product dealer would be permitted to load items starting on June 1, 2023, and that such enterprises would be shut down starting on that date. According to The PUNCH, the government issued the warning in Abuja through the Nigerian Midstream and Downstream Petroleum Regulatory […]

Governor, Abiodun Oyebanji
Business

Ekiti govt pays 289 pensioners N915m gratuity

Ekiti State government distributed cheques worth a total of N915 million to about 289 pensioners on Monday as gratuities in a move to fulfil one of the promises made by the Governor, Abiodun Oyebanji during his election campaign. According to the report on the state’s website, the beneficiaries of the gratuities including the state, local […]

Manufacturing sector's GDP contribution falls to N1.49trn
Economy

Why foreigners dominate Nigeria’s oil industry – FG

The Federal Government of Nigeria expressed concern at the 2023 Nigerian Oil and Gas Opportunity Fair, lamenting the fact that despite efforts to enhance the degree of indigenous firm engagement in Nigeria’s oil and gas industry, the sector is still mostly controlled by foreign organizations. According to Arise News, despite all of the government’s efforts, […]

Nigerians' use of eNaira disappointingly low – IMF
News

Nigerians’ use of eNaira disappointingly low – IMF

  The eNaira’s public adoption by the Nigerian populace has been deemed ‘disappointingly low’ by the International Monetary Fund. According to The PUNCH, this was presented in a recently published working paper by the organisation, entitled “Nigeria’s eNaira, One Year After”. In this report, the Bretton Woods institution provided an assessment of the performance of […]

Dangote refinery to begin fuel, diesel refining November  - Report
Business

Dangote refinery kicks off with 435MW off-grid power plant

The President, Major General Muhammadu Buhari has officially opened the Dangote refinery, which is powered by a 435 MW power plant according to information released by the Dangote Group last week. Nairametrics reported that the integrated refinery project, which has a capacity of 650,000 barrels per day, is entirely off the grid, and has its […]

Dangote refinery to create 135,000 permanent jobs - Emefiele
Economy

Dangote refinery to create 135,000 permanent jobs – Emefiele

The governor of the Central Bank of Nigeria, Godwin Emefiele has stated that Dangote Refinery is set to create at least 135,000 permanent jobs. AmBusiness reported that he said this while speaking at the Dangote Petroleum Inauguration ceremony which held on Monday, in Lagos State. According to Emefiele: “This project is a blessing to Nigeria […]

How Nigeria’s refineries lost 218 workers, N69bn
Investment

PHOTOS: Dagote refinery launches in Lagos

The much talked about Dangote refinery is to be launched today, May 22, 2023 and already invited guest, dignitaries and newsmen have been spotted at the event.   The President, Major General Muhammadu Buhari (retd.), is expected to also be at the event to commission the Dangote Refinery and Petrochemicals. Dangote Refinery complex is established […]

Emefiele orders banks to dispense old naira notes - Soludo
News

How I visited Dangote refinery more than any other – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that during the construction of the Dangote refinery, he visited the site the most.   Emefiele said this during his address at the inauguration of the refinery on Monday, at the Dangote Refinery Complex in Ibeju-Lekki, Lagos.   Dangote Refinery complex is established […]

Dangote hail Buhari, Tinubu for supporting Refinery
News

Dangote hails Buhari, Tinubu for supporting Refinery

        The President and CEO, of Dangote Industries Limited, Aliko Dangote, has hailed the president, Major General Muhammadu Buhari (retd.), and the president-elect, Bola Tinubu, over the successful completion of the Dangote Petroleum Refinery and Petrochemicals plant. He stated this while giving his welcome speech at the official commissioning of the Refinery […]

How manufactured goods imports gulp $6.7bn in six months – Report
featured

Cash crunch: Manufacturers lament unsold goods worth N470bn

The bi-annual economic review of the Manufacturers Association of Nigeria shows that the drop in purchasing power of Nigerians for Nigerian manufactured goods was worsened by the cash crunch that hit the economy in the first quarter of 2023. According to Vanguard, analysis of the report shows that the rise in inventory is despite a […]

The refinery is situated at the Dangote Industries Free Zone in Ibeju-Lekki, Lagos. Its primary function is to refine crude oil grades sourced from Africa, Asia, and America. The refinery has the capacity to produce a surplus of approximately 38 million litres of petrol, diesel, kerosene, and aviation fuel on a daily basis, which is intended for domestic consumption in Nigeria. The refinery has a capacity to process 650,000 barrels of crude oil per day and converts it into various petroleum products, including diesel, petrol, jet fuel and kerosene.
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PHOTOS: Buhari arrives commissioning of Dangote Refinery

  The President, Muhammadu Buhari (retd.), has arrived for the Dangote Oil Refinery for its official commissioning. The refinery is situated at the Dangote Industries Free Zone in Ibeju-Lekki, Lagos. Its primary function is to refine crude oil grades sourced from Africa, Asia, and America. The refinery has the capacity to produce a surplus of […]

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