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The electronics call-up truck management system introduced by the Lagos State Government to prevent gridlock in the Lekki Port corridor appears to be facing significant challenges as key stakeholders disagree on implementation, several years after the programme was initiated. The two key stakeholders are Lagos State Government which is the owner and driver of the […]
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The Dangote Refinery has refuted recent claims that it sold Premium Motor Spirit at N898 per litre to the Nigerian National Petroleum Company Limited. The refinery’s management has described the statement, made by NNPCL spokesperson Mr. Olufemi Soneye, as “misleading and mischievous.” This denial comes amidst ongoing scrutiny and discussions about fuel pricing and distribution […]
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Trucks at the Dangote Refinery in Ibeju-Lekki area of Lagos State have started lifting Premium Motor Spirit, popularly known as petrol, on Sunday. This was disclosed in a video posted via the X account of Dangote Group on Sunday. This marks a significant step in the refinery’s operations. The tweet read, “First set of trucks […]
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The Nigerian National Petroleum Company Limited and Dangote Petroleum Refinery are nearing the final stages of negotiations regarding the sale of crude oil to the Dangote refinery and the subsequent buy-back of refined products in naira. Parties in the deal may conclude discussions next week, the Vice President of Oil and Gas at Dangote Industries […]
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The Vice President of Dangote Industries Limited, Devakumar V.G. Edwin has voiced frustration over the boycott of Dangote Refinery’s products by local marketers, noting that despite the Dangote Refinery’s substantial production capacity, local marketers are purchasing only about 3% of its output In an X space hosted by Nairametrics on Wednesday, Edwin disclosed that despite […]
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Dangote Refinery has commenced the production of premium motor spirit or petrol, positioning the Nigerian National Petroleum Company Limited as its first exclusive buyer. According to a recent Reuters report, the refinery, which boasts a capacity of 650,000 barrels per day, is in the final stages of testing and will begin rolling out petrol in […]
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The Dangote Petroleum Refinery is poised to begin the sale of Premium Motor Spirit, commonly known as petrol, according to authoritative sources. This development follows a successful test run of the product at the 650,000-barrel capacity refinery. Industry insiders have indicated that PMS will soon be available in the market, according to the Punch. They […]
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Nigerian investigative journalist, David Hundeyin has voiced concerns against Dialogue Earth, an international non-governmental organization, alleging that they are trying to launch a smear campaign against the Dangote Refinery. This was disclosed by Hundeyin in a series of posts via his X handle yesterday. According to Hundeyin, a foreign NGO that was formerly known as […]
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The Nigerian National Petroleum Corporation Limited has reaffirmed that it is not engaged in any sabotage of the Dangote Refinery, emphasizing its significant billion-naira investment in the plant. In a recent interview on the Bereke Family Radio Programme, which was published on YouTube on Sunday, Olufemi Soneye, the Chief Corporate Communications Officer of NNPC, stated […]
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The Dangote Refinery plans to sell 12.7% stake of its ownership in an effort to address loan servicing obligations. This was disclosed in a report by Fitch Ratings, a credit rating agency, released on Monday. The Nigerian National Petroleum Company Limited had originally planned to purchase a 20% share in the refinery, according to Fitch. […]
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President Bola Tinubu has directed the Nigerian National Petroleum Company Limitedto sell crude oil to Dangote Refinery and other emerging refineries in Naira. The announcement was made by Bayo Onanuga, the Special Adviser to the President on Information and Publicity, via his official X handle on Monday. Onanuga revealed that the decision, endorsed by the […]
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