By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Limited has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. This is contained in a statement issued by the Chief Corporate Communications...
dangote refinery
By OLA MODUPE , Lagos – Dangote Refinery has debunked report of selling petrol to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre. A spokesman for the refinery, Anthony Chiejina in a statement late Sunday described the claim by the NNPCL as “misleading and mischievous”. He...
The Federal Government has hailed the commencement of petroleum product lifting from the Dangote Petroleum Refinery and Petrochemicals, describing it as a significant step towards national industrialisation and self-sufficiency in refining. Mr Anthony Chiejina, Head, of Communications, Dangote Group, in a statement, said that trucks from the Nigerian National...
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Dangote Refinery will begin the distribution of Premium Motor Spirit (PMS) on Sunday. Edun, who was represented by the Executive Chairman, Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, said this at a news...
The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has no intention of becoming the sole offtaker of Dangote Refinery Limited (DRL) or any entity in a free market environment. The NNPC Ltd. said the refinery and any other domestic refinery were free to sell directly to marketers...
The Chairman of TG Marchnata Group of companies, Mr Tolulope Adeusi, has said the 650,000 barrels per day Dangote Refinery will present Nigeria as an attractive investment destination for investors. Adeusi, an entrepreneur, in an interview with the News Agency of Nigeria (NAN) on Friday, said that the refinery...
The leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has said the commencement of operations by the Dangote Refinery is a monumental step forward for Nigeria’s energy independence and economic growth. Mr Labi Olawale, the General Secretary of NUPENG, said this in a congralutory letter...
Dangote Refinery has finally launched its Premium Motor Spirit (PMS), also known as petrol, after over a year of its inception in May 2023. The refinery’s 650,000 barrels per day facility rolled out its first batch of high-quality petrol, promising a new era of fuel efficiency and engine longevity...
The 20-billion-dollar Dangote refinery investment with 650,000 barrel capacity per day will undoubtedly boost Nigeria’s foreign exchange. Equally, the project is expected to reduce the pressure on foreign exchange drastically if sales of crude oil to Dangote are dominated by local currency. Industry observers are of the notion that...
The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October. This is according to a statement by the Director Press and Public Relations, Federal Ministry of Finance and Economic Planning, Mr Mohammed Manga in Abuja on Monday. Manga said that...
The Arewa Consultative Forum (ACF) has voiced its concern over the ongoing national and international controversies surrounding the Dangote Petroleum Refinery and Petrochemicals Industrial Free Zone Enterprise (DPRPI). This is contained in a statement by by Prof. Tanko Muhammad -Baba, ACF’s National Publicity Secretary, issued on Monday in Kaduna...
By OLA MODUPE, Lagos – The management of the Dangoteaan Refinery has debunked reports of a fixed petrol price of ₦600/litre, describing them as “speculative announcements” with no factual basis. The Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina, disclosed this in a statement issued on...
The Senate has raised concern over 1.5 billion dollars approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery with little or no result. Sen. Opeyemi Bamidele, Chairman, Senate Ad Hoc Committee to Investigate the Alleged Economic Sabotage in the Nigerian Petroleum Industry, raised the concern...
Oando Plc has denied allegations linking the company and its executives to Raz Hansir Oil Terminal Ltd., a Maltese company purportedly involved in importing adulterated petroleum products into Nigeria. Oando Plc was alleged to operate an oil storage and blending facility, and purportedly responsible for importing adulterated petroleum...
Femi Falana, SAN, has said he is worried about the negative impacts of the Dangote Refinery spat, saying the saga sends a dangerous signal to investors about Nigeria. “Well, I’ve enjoyed the inter-class feud or what you might call a dog-eat-dog affair. But it’s at the expense of...
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has convened a high-level meeting with key stakeholders in the oil and sector to resolve issues surrounding the Dangote Refinery. This is contained in a statement by Nneamaka Okafor. the Special Adviser to the minister on Media and Communications....
The leadership of the House of Representatives have visited the Dangote Petroleum Refinery in Lagos. Speaker of the House of Representatives, Hon. Tajudeen Abbas, led the lawmakers who arrived at the refinery located in the Lekki Free Trade Zone in Lagos around 11am. Africa’s richest man and President...
Africa’s richest man Aliko Dangote has said the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki Free Trade Zone. Dangote, who made...
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has commissioned three newly- acquired 80 tonnes bollard-pull tugboats to enhance the berthing of vessels at the Dangote Refinery and Lekki Deep Seaport. Oyetola said during the inauguration in Lekki on Thursday that the three tugboats were christened MT...
By OLA MUDOPE, Lagos – A fire incident has been reported at the Effluent Treatment Plant (ETP) of Dangote Refinery in Lagos State. The Group Head of Corporate Communications at Dangote Group, Mr Anthony Chiejina, who confirmed this in a statement on Wednesday, said the fire has...