Recent revelations from Aliko Dangote at General Ibrahim Babangida’s book launch, along with Prince Arthur Eze’s own testimony have once again exposed the deep-seated inequalities that have long defined Nigeria’s economic and political landscape. Dangote openly admitted: ‘He (Babangida) called us into a room and gave us banking licences… He asked us to pay one million (Naira) each for oil …

The Presidential Committee on Flood Relief and Rehabilitation has handed over relief materials worth N1 billion to the Borno State Government to assist victims of the 2024 floods. The Dangote Group announced the donation in a statement on Wednesday, stating that it includes food and non-food items, and was formally presented during a ceremony in Maiduguri on Tuesday. The committee’s …

The House of Representatives  has urged the Federal Government to direct the Nigerian National Petroleum Corporation Limited (NNPCL) and the Dangote Refinery to allow independent marketers to lift fuel from the newly established refinery. The resolution was reached after a motion sponsored by Oboku Oforji, representing Yenagoa/Opokuma Federal Constituency, Bayelsa State, during plenary in Abuja. Oforji expressed concerns that only …

Founder of Dangote Refinery, Alhaji Aliko Dangote stirred controversy and disbelief among oil industry statistics pundits when he declared that Premium Motor Spirit (PMS) (popularly known as petrol) is cheaper in Nigeria than in Saudi Arabia. The billionaire, who said this in an interview with Bloomberg, claimed that the product is 40 per cent cheaper in Nigeria than in the …

The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely. He said the removal would help determine the actual petrol consumption in the country, as he confirmed ownership of two oil blocks in the upstream sector with an expected production date of next month. Dangote also stated that …

Chairman of Dangote Group, Aliko Dangote, said yesterday the price of petrol from his refinery would be determined by the Federal Executive Council (FEC). Dangote, who disclosed this at a briefing in Lagos, said: “On pricing, it is an arrangement which is designed and approved by the Federal Executive Council, led by His President Bola Ahmed Tinubu. “As soon as …

The Situation Room on Energy Sustainability, a coalition of civil society organisations (CSOs), has commended the President of Dangote Group, Alhaji Aliko Dangote, on the commencement of Premium Motor Spirit (PMS) production in Nigeria for the first time in almost three decades by Dangote Refinery. In a statement by Dr. Ikenna Nnaji, the group described the milestone achievement as a …

When two elephants fight, the grass, they say, suffers. But when cabals fight, and fight dirty like the NNPCL and Aliko Dangote are doing, what happens? Dogs eat dogs and chickens gnaw at each other’s intestines. Can of worms explode in the open and cupboards full of skeletons, hitherto securely locked, are forced open. For instance, Dangote alleged that his …

It cannot come as a surprise that many negative forces have risen and are training their arrows to fire at Aliko Dangote. Some are already firing from their arsenals. It is enheartening, however, that many powerful voices have also emerged to form a solid rampart of defence around him, not just to ward off the arrows, but to give him …

The importation of refined petroleum products into Nigeria is going to continue alongside the production of the commodities by the Dangote Petroleum Refinery to prevent monopoly and ensure energy security, the Federal Government has declared. It warned against being over-dependent on the $20 billion refinery located in the Lekki Free Zone in Lagos, stressing that the demand by the refinery …