Tag
DANGOTE REFINERY
The Dangote Refinery holds the potential to transform Nigeria's energy landscape, attract investments, and stimulate economic growth.
The strategic location of JUNE 15, in proximity to the recently inaugurated Dangote Refinery, adds tremendous value and potential to the development.
NUPENG has advised the incoming president to allow Dangote refinery products to be in the market first before removing fuel subsidies.
Hello and welcome to Nairametrics’ Corporate News Roundup for the week that ended May 27, 2023.
IPMAN says Nigerians will buy locally, refine and sell locally, we will no longer need forex to import products but rather, it will sell refined products and earn us forex.
Dangote Refinery has the capacity to strengthen the exchange rate between the naira and the dollar through these ways.
Nigerians have taken to social media to react to the commissioning of Dangote Refinery by President Muhammadu Buhari.
CBN Governor, Godwin Emefiele has said that the Dangote refinery was delivered at a total cost of $18 billion.
The refinery can produce 650 thousand BPD, which is the largest single train in the run, including processing capacity.
Dangote refinery is being commissioned today and it is important to note that the refinery is off grid and will run on a 435 MW independent power plant.
The Dangote Group has pledged that the first fuel products from the Dangote Refinery will be ready by June 2023.
Through the failure of the Kaduna, Warri, and Port Harcourt refineries, the government has shown that it is incapable of handling the midstream sector, and Nigeria now has an efficient private sector manager in that sector. So, the downstream should also be left to other private sector managers while the government regulates activities.