As the Dangote Refinery begins operations tomorrow (Monday), oil marketers have expressed optimism that the facility will help reduce the cost of petrol, if the government deregulates the commodity. Dangote Refinery, established by Africa’s richest man, Alhaji Aliko Dangote, is scheduled to be inaugurated on 22nd May. A presidential aide, Bashir Ahmad, had tweeted that the inauguration would be done …

As the Dangote Refinery begins operations next week, the supply of 300,000 barrels of crude oil per day by the Nigerian National Petroleum Company Limited to the facility is going to commence, the Group Chief Executive Officer of NNPCL, Mallam Mele Kyari, announced on Thursday. Kyari, who disclosed this at the ongoing fourth Nigerian Oil and Gas Opportunity Fair in …

It started like a grudge match. Africa’s richest man, Aliko Dangote, was dealt a bad hand in a failed transaction. Later, he vowed revenge. Not in a pound of flesh, but by venturing to make his own success where he had been ambushed. At issue was the decision of the government of Umaru Musa Yar’Adua in 2007 to reverse the …

President Muhammadu Buhari will inaugurate the Dangote Refinery on May 22nd – a week to the end of his eight years in office. This was announced on Sunday by the President’s Special Assistant on Digital Communications, Bashir Ahmad on his Twitter handle. “Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the …

The NNPC Limited has disclosed that it would supply Dangote Refinery with 300,000 barrels of crude oil per day, totalling 2.1 trillion in 20 years. According to its Managing Director, Mallam Mele Kyari said that the newly-sealed supply contract is a guarantee that the Federal Government is committed to ensuring sufficient petroleum products for members of the public. “We have …