CALABAR (CONVERSEER) – Dangote Petroleum Refinery has released new pump prices for petrol across Nigeria, but there is a disparity in the geopolitical zones. Converseer reports that the new petrol price announced this week ranges from ₦875 to ₦905 per litre. A breakdown of the revised price shows that South South, South East and North…
A meeting between a presidential delegation and officials of the Dangote refinery, NNPC and other parties has agreed to extend the policy of selling Nigerian crude to local refineries in naira. This was disclosed by the Ministry of Finance in a post on its X handle. The Tuesday meeting also resolved that the policy, which…
Lagos, Nigeria – The Dangote Refinery has responded strongly to recent claims by the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) regarding the cost of Premium Motor Spirit (PMS), commonly known as petrol, in the Nigerian market. According to a statement from Anthony Chiejina, the…
The Prime Minister of Grenada, Dickon Mitchell, has described the Dangote Petroleum Refinery and Petrochemicals as a significant investment in industrialisation and manufacturing needed by developing countries for their industrial growth. He noted that it is through this type of investment that Africa and the developing countries can reverse the cycle of exporting raw materials…
…this is what is currently trending in Nigeria Aliko Dangote’s recent revelation has sparked controversy around the Nigerian oil and gas sector. He claimed NNPC inflated fuel prices by adding profits and expenses to the cost price, contrary to standard practices. Dangote who is the president of Dangote Group, also pointed out that Nigerians pay…
Marketers of petroleum products in Nigeria reportedly wrote to President Bola Tinubu to complain that the price of Dangote Refinery’s diesel, which is at N900 per litre, is negatively affecting their businesses. Devakumar Edwin, Vice President, Dangote Industries Limited, disclosed this on X (Twitter) Spaces session organised by Nairametrics. “Petroleum product marketers in Nigeria have…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said it was waiting for 15th September timeline provided by Dangote Refinery to lift petrol from the Refinery. This was disclosed by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., on Thursday amid scarcity and price hike, which is causing uproar among Nigerians. Segun who…
Operators in the downstream oil sector, on Sunday, declared that no oil marketer would buy Premium Motor Spirit (PMS), popularly called petrol, from the Dangote Petroleum Refinery and sell at the prevalent pump prices at filling stations in Nigeria except the Nigerian National Petroleum Company Limited (NNPCL). While speaking to journalists, the Deputy National President…
Amidst lingering crisis, Dangote Refinery has revealed that the Nigeria National Petroleum Company Limited (NNPCL), is supplying insufficient crude oil for its production demand, hence it is planning to source from Brazil and America. The President of Dangote Group, Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, alongside NNPCL, had been…
Africa’s richest man, Aliko Dangote, has clarified that the Federal and State Governments did not provide incentives for his $20 billion refinery at the Lekki Free Trade Zone. Speaking during a visit from the House leadership, Dangote revealed that he paid $100 million for the land. Dangote emphasised, “We did not collect a single incentive…