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No less than 300 trucks from the Nigerian National Petroleum Company Limited (NNPCL) have arrived at the Dangote Refinery. The development was made known in a statement by NNPC spokesperson, Olufemi Soneye, on his X handle (formerly Twitter) on Saturday. Soneye confirmed that the trucks are in position to commence the loading of petrol, scheduled […]
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Dangote Refinery has finally produced its first Premium Motor Spirit (Petrol) from its 650,000 barrels per day Lagos-based refinery. The President of Dangote Group, Aliko Dangote, made this known to newsmen during a press conference with journalists on Tuesday. He stated that the company’s petrol will substitute import dependence, bring down inflation, and stabilize the […]
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Nigeria’s prominent Dangote oil refinery is reportedly reselling cargoes of U.S. and Nigerian crude, according to four trade sources familiar with the situation. According to Bloomberg, this comes amidst ongoing operational challenges at the refinery. Three of the sources linked the reselling to technical problems affecting the refinery’s crude distillation unit (CDU). However, a Dangote […]
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The House of Representatives has asked the federal government to suspend the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed. The lawmakers said Farouk should be suspended pending the conclusion of the investigations of allegations against what it called the unguarded statement by the CEO. The resolution of the […]
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The 2023 presidential candidate of the Labour Party, Peter Obi, has called on the Federal Government to resolve the conflicting issues between Dangote Industries and government agencies. The former Governor of Anambra State made the plea in a statement via X on Tuesday titled: ‘Dangote Refinery Should Be Fully Supported, Not Vilified.” Dangote has been […]
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Nigerian lawmakers in the 10th House of Representatives leadership led by the Speaker, Tajudeen Abbas, visited the Dangote Petroleum refinery in Lagos State on Saturday. The lawmakers arrived the refinery located in the Lekki Free Trade Zone in Lagos around 11:00am. The lawmakers were received by the President of the Dangote Group, Aliko Dangote, and top executives […]
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The Nigerian National Petroleum Corporation (NNPC) Limited no longer owns a 20% stake in Dangote Refinery. The development was announced by the Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote during a press briefing at the refinery on Sunday. According to him, the NNPCL only owns 7.2% of the refinery due to the NNPC’s […]
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Explosions were heard on Wednesday at the Dangote Group refinery located in Ibeju-Lekki, Lagos State after fire engulfed the premises. The cause of the fire outbreak could not be ascertained as at the filing of this report. However, firefighters were seen rushing to the scene. Details soon…
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The chairman of Dangote business group, Aliko Dangote has renamed the road leading to his Lagos refinery after the late Chief Executive Officer of Access Holdings, Herbert Wigwe. The businessman and Africa’s richest man said he took the action to keep the legacy of Wigwe. Giving a tribute to the late banker on Monday, a […]
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The Dangote Petroleum Refinery has set the date to begin to supply fuel to supply about 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria. The update was given after a meeting between the management of the refinery and executives of IPMAN. When Punch contacted on Friday evening to confirm if the […]
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