Tag
DANGOTE REFINERY
The federal government has officially announced the commencement of crude oil sale to Dangote Refinery, other local refineries in the local currency, naira on October 1, 2024.
This article explores the lessons derived from the emergence of Dangote refinery in relation to the cry of Nigerians for a lasting solution regarding good governance.
The Central Bank of Nigeria (CBN) has projected that the lifting of refined petroleum products from the Dangote...
The average price of diesel in Nigeria has risen by 1.93% month-on-month in August 2024, reaching N1,406.05 per liter.
Aliko Dangote, Chief Executive Officer (CEO) of the Dangote Refinery, has described the Nigerian National Petroleum Company’s (NNPC) decision to withdraw from the initial plan to invest in a 20% stake in his refinery as “a big mistake.”
Aliko Dangote, CEO of Dangote Refinery, has clarified the ongoing pricing concerns, stating that the refinery’s petrol was sold to NNPC at a price lower than what the national oil company imported.
The Federal Government is set to supply 12 million barrels of crude oil to Dangote Refinery in October.
Africa’s wealthiest business mogul, Aliko Dangote, has explained why he no longer intends to purchase the English football club, Arsenal, which is valued at approximately $4 billion.
Billionaire businessman Femi Otedola has commended Nigerian President Bola Tinubu following the official commencement of fuel loading at the Dangote Refinery on Sunday, 15 September 2024.
While fuel will be sold for N950/litre in Lagos, the cheapest price, it will sell for as much as N1,012/litre in Borno State. In Delta and other South-South states, where crude oil is produced, PMS will also sell for N950/litre.
Dangote Refinery has announced plans to transport 75% of its local petroleum product supply via sea routes, targeting key locations like Warri, Port Harcourt, and Calabar, despite having the capacity to load 83% of its products by road.
The Nigeria National Petroleum Company Ltd (NNPCL) has stated that the sales of petrol in Naira by the Dangote refinery will begin from October 1st, 2024.