Nigeria is a major crude oil producer. It currently produces about 1.3 million barrels of crude per day. In the best of times, it can pump somewhere around 1.8 million barrels of the black gold daily. That number could cross the 2 million mark if we decide to end crude oil theft and illegal bunkering. These will not happen because …

Aliko Dangote, chairman of the Dangote Refinery and Petrochemical Company, says his company has the capacity to meet the country’s local demand and urged marketers to stop importing the product. Dangote said this while addressing State House correspondents after a meeting with President Bola Tinubu to review the sale of crude in naira to local refiners at the Presidential Villa …

No fewer than four vessels carrying imported Premium Motor Spirit (PMS), popularly called petrol, arrived at seaports situated along the nation’s borders between Friday, 18 October, and Sunday, 20 October, according to The PUNCH findings. According to a document obtained from the Nigerian Port Authority (NPA) on Sunday, about 123.4 million litres of PMS were berthed at two seaports to …

The Chairman of Nigerians in Diaspora Commission, Abike Dabiri-Erewa, on Thursday said the 2024 Nigeria Diaspora Investment Summit will be graced by President Bola Tinubu and renowned business magnate Aliko Dangote. Dabiri-Erewa, who spoke during a press conference in Abuja, said the summit, scheduled for 5-7 November, 2024, in the Federal Capital Territory, is expected to attract over 2000 participants, …

The Nigerian National Petroleum Company Limited (NNPCL) is still the sole off-taker of Premium Motor Spirit (PMS), popularly called petrol, from the Dangote Petroleum Refinery despite the recent directive of the Federal Government that other oil marketers were free to start loading PMS from the plant. Oil marketers revealed on Wednesday that NNPCL would continue to be sole off-taker of …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) had been asked by the $20 billion Lekki-based refinery to resend its …

Amid feedstock challenges, the Dangote Group, owners of the Dangote Petroleum Refinery, will commence crude oil production in the first quarter of next year. A senior official of the $20 billion Lekki-based refinery confirmed this on Saturday while reacting to an earlier report by S&P Global Commodity Insights. “Yes, I saw the S&P report; our company is truly going to …

The President of Dangote Group, Alhaji Aliko Dangote, on Tuesday, said that the Dangote Refinery was constructed without any government incentives. Dangote made this known during his keynote address at the Crude Oil Refinery Owners Association of Nigeria (CORAN) Summit in Lagos. The Summit has the theme, ”Making Nigeria a Net Exporter of Petroleum Products”. Dangote, who was represented by …

Renowned philanthropist, Mrs. Halimat Tejuosho, has joined the league of exceptional philanthropists, including Aliko Dangote and Aminu Dantata, who have demonstrated extraordinary kindness to flood victims in Maiduguri, Borno State. Tejuosho’s latest donation of relief materials and N15 million cash to affected residents is a testament to her compassion and commitment to supporting those in need. Prior to the distribution, …

Elder statesman and business magnet, Alhaji Aminu Dantata, on Tuesday, donated a sum of N1.5 billion to flood victims that ravaged some parts of Maiduguri, the Borno State capital recently. Dantata made the donation when he led a delegation from Kano to Government House, Maiduguri, on Tuesday to share their moments of grief. He extended his heartfelt condolences to Governor …