dangote refinery
Nigeria Imports $2.25bn Fuel From Malta In 9 Years
A recent report by Trade Map has revealed that Nigeria imported fuel worth $2.25 billion from Malta between 2013 and 2023.
The report shows that Nigeria’s fuel imports from Malta increased by 342% from $47.5 million in 2013 to $2.8 … Continue Reading
We must support local champions like dangote – Femi Otedola defends his ‘brother’
Femi Otedola, billionaire businessman and chairman of Geregu Power PLC and FBN Holdings, has come out in strong support of Aliko Dangote, the chairman of Dangote Industries Limited, amid a heated dispute between Dangote and Nigeria’s oil sector regulators.
In … Continue Reading
Lokpobiri Meets with Dangote, Regulatory Heads to Resolve Refinery Impasse
Senator Heineken Lokpobiri, Minister of State for Petroleum Resources, has convened a high-level meeting to address the challenges facing the Dangote Refinery in Lagos.
The meeting, attended by Aliko Dangote, CEO of Dangote Group, and heads of NMDPRA, NNPC, … Continue Reading
aliko dangote offers to sell multibillion dollar oil refinery to NNPC
Africa’s wealthiest man, Aliko Dangote, is considering relinquishing control of his multibillion-dollar oil refinery to the state-owned energy company, NNPC Limited. This move comes as a dispute between Dangote and one of the refinery’s key equity partners heats up.… Continue Reading
Dangote Refinery Products Inferior To Imported Ones— NMDPRA reveals
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has advised Nigerians to be cautious about relying heavily on products from the Dangote refinery.
Ahmed expressed concerns about the consistency and … Continue Reading
Dangote Reveals He Lives in Rented Apartment in Abuja
Africa’s richest man, Aliko Dangote, has disclosed that the residence he uses when in Nigeria’s capital, Abuja, is not owned by him but is a rented property.
During a media briefing at the Dangote Petroleum Refinery in Ibeju-Lekki, … Continue Reading
Dangote Refinery: why NNPC’s Stake Reduced from 20% to 7.2%
The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation (NNPC) no longer owns a 20% stake in the refinery. According to Dangote, the corporation had been expected to settle its outstanding balance … Continue Reading
Dangote Refinery to Start Producing Petrol in August, Crude Supply Issues Resolved
The Dangote Refinery, Nigeria’s largest oil refinery, is set to start producing petrol by August 2024 after resolving its crude oil supply issues, its president, Alhaji Aliko Dangote, announced.
The refinery, located in the Lekki Free Trade Zone in … Continue Reading
Reports: Dangote refinery to import crude oil from Brazil
In a move that will significantly impact Nigeria’s energy landscape, Dangote Petroleum Refinery is set to import a cargo of Brazilian crude oil. According to Bloomberg, the refinery will receive a shipment of one million barrels of Tupi crude from … Continue Reading
Dangote refinery gets 5m barrels of crude oil from US – reports
In a recent development, the Dangote Refinery, Nigeria’s largest oil refinery, has made significant purchases of crude oil from the United States. According to reports, the refinery has acquired 5 million barrels of US crude scheduled for delivery next … Continue Reading