By OLA MODUPE,Lagos – Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday, 1st February 2025. The Group Chief Branding and Communications Officer, Dangote Petroleum Refinery, Mr Anthony Chiejina, confirmed this development in...
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A Federal High Court in Abuja on Thursday, fixed Feb 5 to hear the Nigeria National Petroleum Company Limited (NNPCL)’s preliminary objection against a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo fixed the date after counsel to Dangote Refinery,...
By OLA MODUPE, Lagos – Dangote Refinery has explained that the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, is directly attributed to the increase in global crude oil prices. It would be recalled that on the 17th of January, 2025, Dangote...
The removal of fuel subsidy in the 2023 federal budget triggered a series of negative developments in the Nigerian economy, made worse by the floating of the local currency. Though necessary at the time, the measures precipitated unintended but unavoidable scenarios. The value of the naira dipped and inflation...
An economic expert, Dr Chijioke Ekechukwu says the coming on stream of more refineries in the country is expected to crash the prices of petroleum products. Ekechukwu, the Chief Executive Officer, Dignity Finance and Investment Ltd. said this on Tuesday in an interview with the News Agency of Nigeria...
Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses, has agreed to a bulk purchase framework with Dangote Refinery. Its Head of Brands and Corporate Communications, Mr Grant Onome, said in a statement on Monday that the framework would see his company offtake a full slate...
The Nigeria Labour Congress (NLC), Lagos Council, has lauded Dangote Refinery over the recent slash in fuel price, describing it as a timely economic relief for Nigerians. NLC State Chairman, Funmi Sessi, who made the commendation in a statement on Wednesday, said that Dangote Refinery came at the right...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said that Nigerians should expect a reduction in the pump price of the product within the week. Last week, the Nigerian National Petroleum Company (NNPC) Limited and the Dangote Refinery reduced the ex-depot price of petrol to ₦899...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the price of petrol will drop to N935 per litre by Monday in view of Dangote Refinery’s new arrangement. IPMAN said the new price was necessitated by the reduction in Dangote Refinery’s fuel ex-depot price and uniform arrangement, which...
…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets By OLA MODUPE, Lagos – Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the management of Dangote Refinery for crashing the price of its petrol to N899.50K per litre. In a statement on Thursday, PETROAN spokesman, Joseph Obele, described the move as a significant relief for motorists and Nigerians at...
By OLA MODUPE , Lagos- Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS), also known as petrol, to N899.50k per litre to reduce transport cost for Nigerians ahead oof Christmas and New Year holiday. It would be recalled that Africa’s first privately-owned oil refinery...
By OLA MODUPE, Lagos- The Dangote Refinery has come out to clarify the details surrounding the Nigerian National Petroleum Company Limited’s (NNPCL) $1 billion investment in the refinery. The Group Chief Branding and Communications Officer at Dangote Group, Anthony Chiejina, said in a statement on Wednesday that the NNPCL’s...
The Dangote Petroleum Refinery and Petrochemicals has sought to amend its suit against the Nigerian National Petroleum Company Limited (NNPCL) and others. The plea to amend the suit followed an application by the NNPCL before Justice Inyang Ekwo of a Federal High Court in Abuja, urging the court to...
Former Director-General of the National Orientation Agency (NOA), Alhaji Idi Farouk, has described Dangote Oil Refinery as Nigeria’s pride that must be guided against any sabotage. Farouk, in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday, advised President Bola Tinubu to ensure his directive...
By OLA MODUPE, Lagos– Dangote Refinery has announced a price reduction for petrol, lowering the cost from N990 to N970 per litre for marketers. The Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, announced this in a statement issued on Sunday in Lagos. Chiejina said the move...
The Nigeria National Petroleum Corporation Limited (NNPCL) has asked a Federal High Court in Abuja to strike out a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE, describing it as “incompetent.” The NNPCL, in a notice of preliminary objection filed by its team of lawyers led by Kehinde...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Refinery to lift products directly. IPMAN National President, Abubakar Garima, announced this in Abuja on Monday after a meeting of the National Working Committee of the Association. He said the partnership will ensure steady, and...
By EZEKIEL OBI, Abuja- The Nigerian Coalition of Civil Society Organizations (NICOCSO) has called on President Bola Ahmed Tinubu to investigate the cabal within the Nigerian National Petroleum Company Limited (NNPCL) and their prioritization of imported Premium Motor Spirit (PMS) over local refining which has led to an unnecessary...
The Dangote Petroleum Refinery and Petrochemicals FZE has prayed a Federal High Court in Abuja to nullify import licences issued to the Nigeria National Petroleum Corporation Limited (NNPC) and five other companies for the purpose of importing refined petroleum products. The News Agency of Nigeria (NAN) reports that the...