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Tag: Dangote

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Naira-for-crude policy still in effect, FG tells Dangote, others

The Federal Government has emphasized that its naira-for-crude initiative with local refineries is not a temporary solution but a strategic policy aimed at promoting sustainable domestic refining. The Nigerian government has confirmed that the naira-for-crude initiative remains in effect, overriding the decision made by the NNPC under former CEO Mele Kyari to terminate it. During […]

Oil and Gas

Dangote, P’Harcourt refineries, others to consume 123m barrels H1 – Report

The Dangote refinery, along with the revamped Port Harcourt and Warri refineries, and six other refining facilities across Nigeria, are expected to consume about 37% of the country’s total projected crude oil production in the first half of 2025. According to data from the Nigerian Upstream Petroleum Regulatory Commission, 123.48 million barrels will be allocated […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote, Ardova seal bulk purchase agreement

Ardova Plc, a leading player in Nigeria’s downstream oil and gas sector, has signed a bulk purchase framework agreement with Dangote Refinery. The partnership aims to ensure a reliable supply of petroleum products at competitive prices, enhancing value for its customers. In a statement on Monday, Ardova Plc announced that the agreement formalizes its longstanding […]

NNPCL sets fuel price above N1000 per litre
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JUST IN: NNPCL sets fuel price above N1000 per litre

The Nigerian National Petroleum Company Limited has announced the estimated pump price of Premium Motor Spirit (PMS) above N1,000 after its initial purchase of the Dangote refinery product. NNPCL’s spokesperson, Olufemi Soneye, Chief Corporate Communications Officer,  in a statement early on Monday, said that the new pump price is based on Dangote’s September 2024 PMS […]

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  • September 16, 2024
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Top 10 employers in Nigeria
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Top 10 employers in Nigeria

The Nigerian job market is marked by a complex blend of opportunities and hurdles, continually shifting due to the efforts of key players across various sectors. Recent data from the National Bureau of Statistics highlights a challenging period for employment, with the unemployment rate rising to 5.0% in Q3 2023, up from 4.2% in Q2 […]

Dangote speaks to Bloomberg on Arsenal, refinery, fuel subsidy
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NNCPL no longer owns 20% of Dangote refinery – Dangote

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, revealed in a recent media briefing at the refinery that the Nigerian National Petroleum Corporation Limited’s stake in Dangote Refinery has reduced from 20% to 7.2%. This reduction, Dangote explained, was due to NNPC’s failure to complete the payment for their agreed-upon 20% stake by the […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote refinery to source crude oil from African nations

Chairman of Dangote Refinery, Aliko Dangote, announced plans to procure crude oil from several African nations following recent imports from the United States and Brazil. During a facility tour in Lagos on Saturday, Dangote disclosed that the refinery anticipates receiving feedstock from the US and Brazil in the upcoming months. “We are in discussions to […]

Dangote speaks to Bloomberg on Arsenal, refinery, fuel subsidy
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Beneficiaries of fuel importation hinder refinery construction – Dangote

Africa’s richest man and owner of the $20 billion Dangote Refinery, Aliko Dangote, has stated that those profiting from fuel importation are obstructing African governments from building refineries across the continent. Dangote made this assertion during an interview with CNN’s Eleni Giokos at his refinery in Lagos, Nigeria. He pointed out that no new refineries […]

Wike, Dangote, Otedola build staff housing for law schools
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Wike, Dangote, Otedola build staff housing for law schools

The Director General, Prof. Isa Hayatu Chiroma, has congratulated Femi Otedola, Aliko Dangote, and Nyesom Wike for their commitment to significantly enhance the Nigerian Law School’s infrastructure. The Times reported that, their efforts signal a turning point in the institution’s history and hold the promise of improving the quality of education available to next generations […]

Dangote refinery receives one million crude barrels
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Dangote to set up trading arm for Lagos refinery

Melvin Onwubuke   Aliko Dangote, Africa’s wealthiest man, plans to set up an oil trading company in London which he will use for supply of petroleum and products from his new refinery in Nigeria. This will reduce the role of world’s largest trading companies, who have been negotiating for months to finance a refinery and […]

VIDEO: Teary Dangote pays tribute to Wigwe
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VIDEO: Teary Dangote pays tribute to Wigwe

A visibly emotional Aliko Dangote found it difficult to restrain his tears as the funeral proceedings for the late Group Chief Executive Officer of Access Holdings, Herbert Wigwe, commenced in Lagos State on Monday. Cloaked in somber black attire, the Chairman of the Dangote Group was overcome with emotion as he offered heartfelt tributes to […]

Dangote, PH refineries risk oil shortage due to poor production - FG
Oil and Gas

Dangote, PH refineries risk oil shortage due to poor production – FG

The country’s recently opened Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery, and modular refineries may not have access to enough crude oil locally to produce petroleum products, according to State Petroleum Resources (Oil) Minister, Heineken Lokpobiri. According to The PUNCH, he said this is only avoidable if concerted efforts are made to increase investments […]