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 …

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 …