Niger State Governor, Umar Bago has called for partnership with the Dangote Group in the exploration and development of the discovered crude oil blocks in Niger State’s Bida Basin. Bago said that the group would significantly contribute to the exploration project with its proven expertise in the energy sector...
dangote refinery
Aliko Dangote Foundation has distributed 3,000 bags of rice to the people of Okpella community in Etsako East Local Government Area of Edo. The distribution took place on Saturday at the palace of Okuokpellagbe in Okpella. The News Agency of Nigeria (NAN) reports that a 10kg bag of rice...
Dangote Petroleum Refinery has announced a fresh cut in the pump prices of Premium Motor Spirit (petrol) nationwide. The new rates now range from ₦875 to ₦905 per litre, depending on location. A breakdown of the revised prices shows, Lagos:₦875, South-West ₦885, North-East: ₦905, North-West & Central: ₦895, and...
President, Dangote Group Alhaji Aliko Dangote, on Wednesday advised governments at all levels to encourage domestic investors, nothing that only local investors can attract foreign investors in Nigeria. Dangote gave the advice at the Taraba International Investment Summit (TARAVEST) 2025 held in Jalingo. The News Agency of Nigeria reports...
Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to maintaining stable petrol prices, even as global crude oil prices continue to fluctuate. The affirmation is contained in a statement issued on Monday in Lagos, the Group Chief Branding and Communications Officer of the company, Mr Anthony Chiejina. Chiejina...
Africa’s richest man and industrialist, Alhaji Aliko Dangote, has expressed commitment to empowering Nigerian engineers and building local capacity through large-scale industrial projects. Dangote gave the assurance while receiving a delegation from the Lagos Branch of the Nigerian Society of Engineers (NSE) at the Dangote Petroleum Refinery at Ibeju-Lekki,...
The Dangote Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835 per litre. The Group Chief Branding and Communications Officer of Dangote, Anthony Echiejina, disclosed this in a statement on Wednesday in Lagos. Echiejina said that...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said the recent drop in global crude oil prices has sparked hopes of a corresponding reduction in petrol prices in Nigeria National President, PETROAN, Dr Billy Gillis-Harry, while reacting to recent development in the oil and gas sector...
Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to ₦867 per litre. It was gathered that the $20bn refinery informed its marketers and customers of the slash on Thursday. An official at the refinery confirmed the price reduction from ₦880 to ₦867 per...
The Federal Government has said its naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”. The government also said the initiative is still in effect and will continue immediately, overruling the decision of the NNPCL under its...
Dangote Petroleum Refinery has began exporting refined petroleum products to many African, European, American and Asian markets. The Deputy Regional Director, South East, Dangote Cement, Mr Ayirioritse Okerentie, made the disclosure at the ongoing 36th Enugu International Trade Fair on Dangote Special Day. The regional director listed the products...
Dangote Industries Ltd. says it would ensure that Nigeria becomes self-sufficient in cement, agriculture, mining and petroleum production. The Regional Sales Director, Southeast, Dangote Cement, Dr Abayomi Shittu stated this in an interview with the News Agency of Nigeria (NAN) in Enugu on Sunday at the ongoing 36th Enugu...
ActionAid has raised concerns over the ongoing crisis in the petroleum sector, sparked by Dangote Petroleum Refinery’s suspension of petroleum product sales in naira. Country Director of ActionAid Nigeria (AAN), Mr Andrew Mamedu, expresssd this concern in a statement on Tuesday in Abuja. Mamedu criticised the suspension, stating that...
Some Ibadan residents have expressed anxiety over an anticipated increase in prices of items following Dangote Refinery’s move to stop the transaction of petroleum products in Naira come March 31. The respondents shared their minds in separate interviews with the News Agency of Nigeria (NAN) in Ibadan on Tuesday....
By OLA MODUPE , Lagos- Dangote Petroleum Refinery has announced a temporary halt on the sale of petroleum products in Naira, citing a currency mismatch between its sales proceeds and crude oil purchase obligations. The company in a statement released on Wednesday, said the decision was necessary to avoid...
The Federal High Court (FHC) in Abuja on Tuesday, dismissed the Nigeria National Petroleum Company Limited (NNPCL)’s objection against a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo in a ruling, dismissed the objection on the grounds that the...
By JOY ADARA, Abuja- The Nigerian National Petroleum Company Limited (NNPC Limited) has issued a statement to clarify recent reports regarding the alleged termination of its crude oil sales agreement with Dangote Refinery. Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, said in a statement on Monday that the...
The Nigeria Midstream and Downstream Petroleum Resources Authority (NMDPRA) has issued refining licenses to three companies to build new refineries in Abia, Delta, and Edo States. The authority in a post on its official X page, said the proposed refineries that have been issued licenses are a 100,000 bpd...
The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has commended the NNPC Retail Ltd. for slashing the price of Premium Motor Spirit (PMS), known as petrol from N920 to N875 per litre. PETROAN said the bold move was expected to alleviate the financial burden on Nigerians amidst rising...
By OLA MODUPE, Lagos- Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. A statement issued on Wednesday by the management of the...