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Tag: Refinery

Over 160,000 benefited from Tinubu's transport subsidy - Alake
News

FG, AFC sign $1.3bn deal for alumina refinery

The Federal Government and the African Finance Corporation have signed a landmark Memorandum of Understanding to jointly fund three strategic projects in Nigeria’s mining sector. These projects include a $1.3 billion alumina refinery, a nationwide geoscience mapping initiative, and a special investment vehicle designed to unlock the country’s mineral potential. The agreement was signed in […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
News

FG denies owning gold refinery in Lagos

The Federal Ministry of Solid Minerals Development has dismissed claims by the Northern Elders Forum that the Federal Government sited a gold refinery in Lagos in violation of the federal character principle. It said the allegations contained in a statement signed by the Northern Elders Forum spokesperson, Prof. Abubakar Jiddere, were not true and misleading. […]

Oil and Gas

Senate to investigate refinery operations, labour disputes

The Senate has resolved to conduct a comprehensive investigative hearing into the challenges currently facing Nigeria’s downstream petroleum sector, with a firm commitment to finding lasting solutions. This decision follows growing concerns over the operations of both private and government-owned refineries, the activities of independent marketers, and ongoing disputes involving key labor unions—the Petroleum and […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
Oil and Gas

PENGASSAN: Prominent Nigerians propose solutions to avert refinery disputes

A coalition of prominent Nigerians has outlined a series of long-term solutions to avert future industrial disputes in Nigeria’s refining sector, following the recent labour dispute at the Dangote Refinery. In a joint statement signed by respected leaders, including Bishop Matthew Kukah, Khalifa Muhammad Sanusi II, Atedo Peterside, Arunma Oteh, and Aisha Yesufu, the group […]

Kaduna refinery to resume 60% production December – NNPCL
News

Kaduna refinery to resume 60% production December – NNPCL

The management of the Nigerian National Petroleum Company Limited has announced that the rehabilitation of the Kaduna Refining and Petrochemicals Company will be finalized by the close of 2024, following years of closure due to maintenance neglect. Mustafa Sugungun, the Managing Director of KRPC, made this revelation during a Monday oversight visit to the refinery […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Oil and Gas

Dangote refinery urges NUPENG, PTD to resolve conflict

Dangote Refinery and Petrochemical Limited’s management has made a request for the leaders of the feuding National Union of Petroleum and Natural Gas and the Petroleum Tanker Drivers to resolve their differences. The PUNCH reported that the multibillion-dollar Dangote Refinery asked the two unions to “urgently work together to put their house in order and ensure a […]

NNPCL demolishes 34 illicit refineries
Oil and Gas

NNPCL demolishes 34 illicit refineries

Over the last week, the Nigerian National Petroleum Company Limited discovered and destroyed 34 illegal refineries in the Niger Delta. The NNPCL announced that, in relation to the several incidents of oil theft and pipeline sabotage last week, it had arrested no fewer than twenty people. The oil company said in a video posted on […]

Eterna Plc to become official distributor of Dangote refinery  products
Business

Eterna Plc to become official distributor of Dangote refinery  products

Eterna Plc has signed an agreement with Dangote Petrochemical Refinery to become an official sales distributor for their products in Nigeria. According to a corporate report signed by Eterna Plc’s Company Secretary,  Mandella Golkus, the company has increased its trucking capacity through vehicle acquisition and a collaboration with a third-party transportation company. “Eterna Plc; a leading integrated […]

Dangote refinery investors gain N1.2tn in two days
Investment

Dangote refinery investors gain N1.2tn in two days

Equity investors in the stocks of companies under the Dangote Group have gained over N1.2 trillion in the first two trading days of this week. This indicated a noticeable surge in interest in the equities of the companies listed on the Nigerian Exchange Limited after the Dangote Petrochemical Refinery started producing. Economic Confidential stated that Dangote […]

Dangote Refinery's polypropylene to enter market
Oil and Gas

Dangote Refinery receives fifth crude oil shipment 

The Nigerian National Petroleum Corporation Limited delivered the fifth crude oil shipment of one million barrels of Bonny Light to Dangote Petroleum Refinery on Thursday. The firm is currently planning to welcome the sixth million barrels of crude oil to the refinery by next week. This recent discovery is an important step forward for the […]

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