Monopoly

Dangote Refinery Products Inferior To Imported Ones; Nigeria Can’t Rely On Them Alone To Avoid Monopoly – Nigerian Agency, NMDPRA

5 months ago793 min

He addressed concerns about the nationwide supply of petroleum products and denied claims by some media outlets that they were trying to scuttle the Dangote Refinery. Farouk Ahmed, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has cautioned Nigerians against over-dependence on products from the Dangote refinery. Ahmed highlighted concerns over the consistency and standardisation of the refinery’s output, stating that the quality of its products was inferior compared...

by Probitas

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

5 months ago948 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...