Allegations

Data Shows Nigeria’s Fuel Imports From Malta Jumped 43 Times In 10 Years Amid NNPC Economic Sabotage Allegations By Dangote

5 months ago1214 min

Following Aliko Dangote’s allegations of illegal activities in the petroleum sector, involving blending plants in Malta, data shows that Nigeria’s oil imports from Malta have skyrocketed in recent times. According to Trade Map, a global trade statistics database, the value of Nigeria’s petroleum imports from Malta increased by 43 times over the past decade, rising from $47.5 million in 2013 to $2.08 billion in 2023. This represents a staggering 342% increase, with Nigeria...

by Probitas

Africa’s Richest Man Aliko Dangote Offers To Sell 650,000 BPD Refinery To Nigeria’s NNPC Amid Monopoly Allegations

5 months ago928 min

Aliko Dangote, Africa’s wealthiest individual, is considering a sale of his oil refinery to the Nigerian National Petroleum Company Limited (NNPCL). The refinery, which has a capacity of 650,000 barrels per day and has been operational since last year, has faced challenges in securing crude oil supplies from international producers. This development comes as Dangote navigates a dispute with a key equity partner and ongoing regulatory issues in Nigeria. Dangote has expressed his commitment to...