When the Dangote Refinery issue controversy blew up, naturally as someone wired to support anyone l perceive to be oppressed, this time, Dangote, l lined up in support of the richest man in Africa. I perceived he was being unduly treated by the downstream and midstream regulators, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). For days, l had …

The Dangote Petroleum Refinery is going to need about N1.7 trillion worth of crude oil monthly following the directive of President Bola Tinubu mandating the Nigerian National Petroleum Company Limited (NNPCL) to sell crude to the plant and other domestic refineries in naira. On Monday, President Tinubu directed NNPCL to sell crude to the Dangote refinery and other upcoming refineries …

President Bola Tinubu has directed NNPC Limited (NNPCL) to sell crude to Dangote Refinery and other upcoming refineries in Naira. In a post via his official X handle on Monday, Special Adviser to the President on Information and Publicity, Mr. Bayo Onanuga said that the move, which is to ensure the stability of the pump price of refined fuel and …

Former Kano State Governor, Rabiu Kwankwaso, has expressed concern over what he termed “unnecessary fuss” created by vested interests, which he believes could damage investor confidence in the Nigerian economy. This is in the wake of the faceoff between industrialist, Aliko Dangote and the Federal Government’s authorities over the operations of his 650,000 bpd refinery. Kwankwaso described the refinery as …

The leadership of the House of Representatives led by Speaker Abbas Tajudeen, on Saturday, paid a familiarisation tour to the Dangote Refinery and Petrochemicals Company in Lagos. The familiarisation visit, which was on the invitation of the Dangote Group, was initially planned to jointly take place with the leadership of the Senate on 3 June 2024, but the leadership of …

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation no longer owns a 20 per cent stake in the refinery. Dangote said this while briefing journalists in Lagos State on Sunday. He said, “NNPC no longer owns a 20% stake in the Dangote refinery. They were met to pay their balance in …

Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, Bloomberg reported on Friday. It said this would add to the large number of overseas barrels of crude feedstock that the Nigerian firm was importing. Indigenous crude oil refiners, including Dangote refinery and modular refineries, as well as local crude producers have repeatedly raised concerns about the low …

There was a fire outbreak on Wednesday at the Dangote Petroleum Refinery in the Lekki Free Zone, Lagos. Reacting to the incident, the Chief Corporate Communications Officer of Dangote Group, Anthony Chiejina, disclosed in a statement sent to Vanguard that the fire has been contained and there is no cause for alarm. The statement read: “We have swiftly contained a …

The Vice President of Oil and Gas, at Dangote Industries Limited, Devakumar Edwin, has accused International Oil Companies (IOCs), in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals. He said the IOCs were deliberately and wilfully frustrating the refinery’s efforts to buy local crude by jerking up the high premium price above the market …

Independent marketers have lifted and distributed over 25 million litres of Automotive Gas Oil (AGO), popularly called diesel, produced by the Dangote Petroleum Refinery in less than three months after the plant started releasing AGO to the market. It was also gathered on Saturday that the registration of oil marketers with the $20 billion firm was still ongoing, as more …