• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies

NNPCL, Dangote Refinery sign new two-year crude deal 

Olalekan Adigun by Olalekan Adigun
September 30, 2025
in Companies, Corporate deals, Energy, Sectors
Aliko Dangote
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian National Petroleum Company (NNPC) Limited has signed a new crude deal with the Dangote Petroleum Refinery that will extend supplies for two years.

Under terms of the deal negotiated last month, the NNPCL will provide five cargoes each in September and October, spokesman Andy Odeh said in a response to questions sent by text message to Bloomberg.

He didn’t provide further details on how many cargoes will be provided to the refinery after October.

RelatedStories

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

Nigeria’s oil output drops by 16% during PENGASSAN’s strike – NNPCL 

October 2, 2025
Fuel trucks in queue with PENGASSAN logo

PENGASSAN announces suspension of nationwide strike  

October 1, 2025

This brings the supply of crude to the 650,000-barrel-per-day refinery owned by Africa’s richest person, Aliko Dangote, to 82 million barrels since October 2024, with 60% being naira-denominated loads, the NNPC said.

Nigeria last year agreed to sell 445,000 barrels a day of crude to the Dangote refinery in naira to alleviate pressure on the currency and stabilize domestic pump prices. The agreement is a pilot project that may be extended to other domestic refiners, according to the government.

What you should know 

Dangote Refinery, on Saturday, resumed the sale of Premium Motor Spirit (PMS) in Naira nationwide, following the intervention of the Naira for Crude Technical Committee chairman.

Nairametrics confirmed the development from a message the refinery sent to its customers on Saturday.

In the message, Dangote Refinery stated: “Following the intervention of the Naira for Crude Technical Committee chairman, we are pleased to inform you of the resumption of PMS Sales in Naira commencing immediately.”

In October 2024, the Federal Government announced a Naira-to-Crude initiative, under which local refineries, including the world’s largest single-train Dangote Refinery, would receive crude oil supplies in the local currency.

In May, the Dangote Refinery had said that it does not compete with Nigerian National Petroleum Company Limited (NNPC Ltd), as the two companies play complementary roles in Nigeria’s energy and refining environment.

This was stated during a courtesy visit by the President/Chief Executive Officer of Dangote Group, Mr. Aliko Dangote, to the Group Chief Executive Officer (GCEO) of NNPC Ltd., Mr. Bashir Bayo Ojulari, at the NNPC Towers in Abuja.

Speaking during the meeting, the CEO of Dangote Group, Alhaji Aliko Dangote, emphasized the importance of collaboration between the two organizations, noting that they are not competitors but partners in driving Nigeria’s energy transformation agenda.

“There is no competition between us. We are not here to compete with NNPC Ltd. NNPC is part and parcel of our business, and we are also part of NNPC. This is an era of cooperation between the two organizations,” Dangote added.


Follow us for Breaking News and Market Intelligence.
Tags: Aliko DangoteBashir Bayo OjulariDangote RefineryNNPCL
Olalekan Adigun

Olalekan Adigun

Olalekan Adigun is a seasoned political analyst and writer with extensive experience in crafting compelling narratives and executing strategic initiatives. Known for his insightful commentary on governance, policy, and socio-economic issues, he has contributed to various national and international platforms.

Related Posts

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 
Energy

Nigeria’s oil output drops by 16% during PENGASSAN’s strike – NNPCL 

October 2, 2025
Fuel trucks in queue with PENGASSAN logo
Energy

PENGASSAN announces suspension of nationwide strike  

October 1, 2025
Top African billionaires with largest philanthropic donations in five years
Billionaire Watch

Top African billionaires with largest philanthropic donations in five years

October 1, 2025
Fuel scarcity in Abuja intensifies as filling stations reject POS payments, insist on cash
Energy

Fuel queues hit Lagos, Abuja amid Dangote refinery-PENGASSAN standoff 

October 1, 2025
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) logo
Energy

PENGASSAN to call off strike after FG mediation in Dangote Refinery dispute

October 1, 2025
Director General of MAN, Segun Ajayi-Kadir
Energy

Dangote Refinery VS PENGASSAN: MAN DG condemns Labour Unions’ actions

September 30, 2025
Next Post
Space technology impacts national security and agriculture- Dr Umah Abdullahi

The economic case for space investment 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

arco
arco
access bank
nairametrics
first bank









DUNS

Recent News

  • Rencap projects 2million bpd by 2026 for Nigeria 
  • Aradel Holdings rated ‘Buy’ by Rencap with N1,040 target 
  • NDLEA rolls out e-portal to process visa clearance, drug test certificates 

Follow us on social media:

Recent News

Nigeria’s oil sector records –0.85% growth in Q3/2023 

Rencap projects 2million bpd by 2026 for Nigeria 

October 21, 2025
Analysts issue ‘Buy’ recommendation for Aradel Holdings, project 12-month target price  

Aradel Holdings rated ‘Buy’ by Rencap with N1,040 target 

October 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics