DANGOTE Petroleum Refinery and Petrochemicals has signed a strategic export deal with Vinmar Group, a global petrochemicals distributor, to take its newly produced polypropylene to international markets. The partnership was unveiled during a launch event at the Dangote Industrial Complex in Lagos on Wednesday. The $2bn petrochemicals facility, which began production in March, is now supplying … Read more
Dangote Petroleum Refinery, on Saturday reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦950 to ₦890. Naija News reports that Dangote Refinery in a statement disclosed the price adjustment is in response to favourable developments in the global energy sector and a significant decline in international crude oil prices. The … Read more
DANGOTE Refinery has clarified the level of investments by the Nigerian National Petroleum Company Limited, NNPC Ltd, in its facility at Ibeju in Lagos. The clarifications were made by the refinery in a statement by Anthony Chiejina, Group Chief Branding and Communications Officer for the Dangote Group. The statement reads in extenso: “We have … Read more
HOUSE of Representatives has told Aliko Dangote, the owners of Dangote Refinery, to disclose the cost he is selling petroleum from his refinery to NNPC Limited. The lawmakers also asked NNPC to disclose the amounts the refinery is paying for crude oil. This resolution followed a motion moved by Oboku Oforji on Thursday during plenary. … Read more
THE President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has expressed his regrets for not buying Arsenal when his interest lies with owning a football club. He said he wished he had bought the English side club when the team was valued at around $2 billion. Speaking in an interview with Bloomberg’s Francine … Read more
Human rights lawyer, Femi Falana, SAN, says it is illegal for the Nigerian National Petroleum Company Limited, NNPCL, to determine the price of Premium Motor Spirit, also known as petrol, for the Dangote Refinery after deregulation. Falana, who said this in a statement on Tuesday, added that the action of the NNPCL contravenes Section 205 … Read more
AT the recent African Renaissance Retreat in Kigali, Rwanda, Aliko Dangote, President and CEO of the Pan-African conglomerate, Dangote Group, urged African business leaders to take charge of transforming the continent. Despite Africa’s challenges, Dangote emphasised that the continent’s vast natural resources and youthful population offer immense opportunities for growth and development. Dangote highlighted … Read more
IN the months and years ahead, Nigerians and Africans would have a choice of buying refined petroleum products produced on our soil. In North and West Africa, only Libya and Algeria have functioning refineries. Nigeria, in the past 20 years, has expended enormous resources in trying to revive its four comatose refineries. In the last … Read more
THE topic on the tongue of every Nigerian today is hardship. Hardship occasioned by hard, or harsh policies, as advanced by some. Whichever way we look at it, Nigerians are screaming, and the scream is coming from every segment of the society. For the best part of yesterday, my heart was beating with abnormality, … Read more
President Bola Tinubu has directed the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to Dangote Refinery and other upcoming refineries in Naira. Trojan News reports that Tinubu issued the directive during the Federal Executive Council meeting on Monday. The Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga, made this known in a statement … Read more