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 …

The Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Petroleum Refinery are wrapping up discussions on crude oil sales by NNPCL to the Dangote refinery in naira and the buy-back of refined petroleum products from the $20 billion plant in naira. Parties in the deal may conclude discussions next week, the Vice President of Oil and Gas at Dangote …

The Dangote Petroleum Refinery has said that only three  percent of local oil marketers are purchasing refined petroleum products. During an X space organised by Nairametrics on Thursday, Vice President of Dangote Industries Limited (DIL), Mr. Devakumar Edwin said that, due to the low patronage, the refinery is forced to export 97 per cent of its refined products. Edwin alleged: “The …

In the months and years ahead, Nigerians and Africans would have a choice of buying refined petroleum products produced on our soil.  In North and West Africa, only Libya and Algeria have functioning refineries.  Nigeria, in the past 20 years, has expended enormous resources in trying to revive its four comatose refineries.  In the last few years, Aliko Dangote and …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the price of Premium Motor Spirit (PMS, popularly known as petrol or fuel) will determine if it will buy from NNPC Limited (NNPCL) or Dangote Petroleum Refinery. According to its National Publicity Secretary, Mr. Ukadike Chinedu, the association is prepared to buy from either Dangote or NNPCL depending on …

The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the NNPC Limited (NNPCL) to be the sole buyer of its product. In a statement on Saturday by its spokesman, Mr. Olufemi Soneye, NNPC said that it would not buy Dangote fuel unless it was cheaper than that of the international market. This is …

The Nigerian National Petroleum Company Limited (NNPCL) has denied claims that it is responsible for the recent hike in Premium Motor Spirit, commonly called petrol, in the country. The company said the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces, stating that there is no guarantee of lower prices associated …

Ogun State Governor, Prince Dapo Abiodun, said the commencement of fuel production by the Dangote refinery will strengthen the nation’s economy by eliminating constant shortages and conserving foreign exchange. Petrol produced from the 650,000 barrels per day Dangote refinery is expected to hit filling stations in the next 48 hours as modalities with the Nigerian National Petroleum Company Limited (NNPCL) …

Nigerian billionaire, Femi Otedola has declared that the newly operational Dangote Refinery has delivered a “death blow” to the entrenched fuel import cabals that have long profited from Nigeria’s dependence on foreign oil. In a heartfelt letter to Dangote posted on his official X handle, Otedola praised the refinery’s historic achievement, heralding it as a transformative moment for the nation’s …