The Federal Government has granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited. This confirms the speculation that the NNPC will no longer be the sole off-taker of the Dangote fuel. In a statement on Friday, the Minister of Finance and Chairman of the Naira-crude sale implementation …

NNPC Limited (NNPCL) is being unfair to Nigerians. Despite the fact that Nigeria is now refining fuel locally from its own crude oil, NNPCL continues to calculate fuel prices based on outdated metrics such as landing costs. This practice raises concerns, as there are no longer any costs associated with fuel importation, shipping, or landing fees. With locally sourced crude …

The Federal Government has approved Dangote Refinery as the exclusive supplier of jet fuel for Nigeria’s airline operators. This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, during an interview with Channels TV on Tuesday. Keyamo revealed that with his approval and backing, the airline operators agreed to designate the 650,000 barrels per day refinery as …

The Federal Government is set to deliver up to 400,000 barrels of Nigerian crude oil daily to the Dangote refinery under its naira-for-crude agreement, a report by Bloomberg stated on Monday. It said this significant development is expected to take place over the next two months, amounting to 24 million barrels of Nigerian supply between October and November 2024. This …

The Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency, on Sunday, confirmed that the supply of crude in Naira by NNPC Limited (NNPCL) to the Dangote Petroleum Refinery is to begin on Tuesday, 1 October 2024. The committee had announced two weeks ago that the Federal Executive Council (FEC) approved the sale of crude to local refineries …

The Federal Government has stated that it will not interfere in the ongoing dispute between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery over the pump prices of Premium Motor Spirit (petrol). This was disclosed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, while briefing State House correspondents at the Aso Rock …

It is a terrible thing when a man’s expectations are cut off. Proverbs 23: 18 says: “For surely there is an end; and thine expectation shall not be cut off” (King James version). Proverbs 24: 14 also says: “So shall the knowledge of wisdom be to thy soul: when thou hast found it, then there shall be a reward, and …

Dangote Refinery has denied a claim credited to the spokesperson of NNPC Limited (NNPCL), Mr. Olufemi Soneye that it was selling Premium Motor Spirit (PMS, well known as petrol), to the oil company at N898 per litre. Dangote said the claim, which has caused frenzy among Nigerians, was not only misleading and mischievous, but deliberately aimed at undermining the milestone …

Recently, Olufemi Soneye, the Chief Corporate Communications Officer of the NNPC Limited, utilised his “right-of-reply” privilege to debunk the assertions made by Dr. Muiz Banire, a Senior Advocate of Nigeria (SAN), when he described NNPCL as the “black hole of Nigeria” in his opinion piece. To the best of my knowledge, Banire is not the only person who is concerned …

Oil marketers have confirmed that they will start lifting Premium Motor Spirit (better known as petrol or fuel), from the Dangote Petroleum Refinery next week. While some revealed that they had started sending trucks to the Lagos-based multi-billion dollar plant to load products from Sunday, others stated that their tankers would hit the refinery any day from next week. It …