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BREAKING: Nigerian Petroleum Company NNPC Denies Sabotaging Dangote Refinery, Says Refineries Must Secure Supply Source And Market

5 months ago925 min

  The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.   Kyari, who was addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Industry at the National Assembly on Wednesday, stated that the refining business is a straightforward business which any...

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EXCLUSIVE: Tinubu’s Executive Order Giving Dangote Refinery Lifeline Followed Meeting Facilitated For Africa’s Richest Man By Lebanese Ally, Gilbert Chagouri

5 months ago8313 min

President Bola Tinubu on Monday gave an executive order to the Nigerian National Petroleum Company (NNPC) Limited to sell crude to Dangote Refinery and other upcoming indigenous refineries in naira, the country’s currency. This was announced by the Special Adviser to the President on Information and Publicity, Bayo Onanuga on X, explaining that the order is aimed at achieving stability of the pump price of refined fuel and the dollar-naira exchange rate.   Bayo said...

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BREAKING: President Tinubu Orders Petroleum Company, NNPC To Sell Crude To Dangote Refinery In Naira

5 months ago874 min

This was announced by the Special Adviser to the President on Information and Publicity, Bayo Onanuga on X, explaining the order is aimed at achieving stability of the pump price of refined fuel and the dollar-Naira exchange rate.   President Bola Tinubu has given an executive order to the Nigerian National Petroleum Company Limited (NNPCL) to sell crude to Dangote Refinery and other upcoming indigenous refineries in Naira, the country’s currency.     This was...

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

5 months ago773 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...

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Dangote Wants Us To Stop Importation Of Fuel, Direct All Marketers To His Refinery –Nigerian Agency, NMDPRA

5 months ago1003 min

Mr Farouk who said this in a video issued by the State House media on Thursday, claimed that Dangote made the request to ensure that all oil marketers in the country would patronise only his refinery for fuel.   The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed has said billionaire businessman Aliko Dangote requested for total suspension of fuel importation into the country.    Mr Farouk who said...

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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...

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EXCLUSIVE: Two Nigerian Soldiers Arrested For Stealing Armoured Cables At Dangote Refinery In Lagos

8 months ago1214 min

The suspects are identified as CPL Innocent Joseph and L/CPL Jacob Gani. Two personnel of the Nigerian Army have been arrested for vandalising and stealing armoured cables at the Dangote Refinery in Lagos.    The suspects are identified as CPL Innocent Joseph and L/CPL Jacob Gani.   Dangote Refinery owned by Dangote Group was inaugurated on the 22nd of May 2023 in the Ibeju-Lekki area of Lagos State.    When in full operation, it is...

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