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...
dangote refinery
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...
Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024, after enduring months of crude supply woes, a report by S&P Global Commodity Insights has said. The report quoting company sources said Dangote is currently seeking a floating production, storage...
The Federal Government has given approval for marketers to begin the lifting of premium motor spirit commonly known as fuel from the Dangote Refinery without going through the Nigerian National Petroleum Company Limited (NNPCL). According to a Friday statement by the Minister of Finance and the Coordinating Minister of...
Petrol pump price rose to N1,030 per litre at various outlets of the Nigerian National Petroleum Company Limited (NNPC Ltd) in Abuja on Wednesday, PREMIUM TIMES has reported. According to the report, the recent development comes after the NNPC decided to terminate its exclusive purchase agreement with Dangote Refinery....
The President of Dangote Group, Alhaji Aliko Dangote, on Tuesday, said that the Dangote Refinery was constructed without any government incentives. Dangote made this known during his keynote address at the Crude Oil Refinery Owners Association of Nigeria (CORAN) Summit in Lagos. The Summit has the theme,”Making Nigeria...
After much ado, the Nigerian National Petroleum Company Limited (NNPCL) on Sunday 15th September 2024, confirmed lifting fuel from the Dangote Refinery for sale to long-suffering consumers. Many are still wondering, why all the delay, insincerity, avoidable controversy, allegations and counter-allegations in the first place. On Tuesday, the 3rd...
The Minority Caucus of the House of Representatives has called on the Federal Government to urgently review the Premium Motor Spirits (PMS) price downward to prevent further hardship on Nigerians. In a statement by the Minority Leader, Rep. Kingsley Chinda (PDP-Rivers) on Tuesday, the caucus said that the current...
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...
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...