The President of the Dangote Group, Alhaji Aliko Dangote, has said the Dangote refinery is not competing with the Nigerian National Petroleum Company Limited (NNPCL). According to a statement released by the NNPCL spokesperson, Olufemi Soneye, on Friday, Dangote stated this yesterday when he visited the new Group Chief Executive Officer of the NNPCL, Bayo Ojulari, in Abuja. The visit, …

Former President Olusegun Obasanjo has disclosed that the Nigerian National Petroleum Corporation (NNPC) rejected a $750 million offer from billionaire businessman Aliko Dangote. In an exclusive interview with Channels TV, former President Olusegun Obasanjo revealed that in 2007, Dangote offered a staggering $750 million to manage the Port Harcourt and Kaduna refineries. Obasanjo explained that the Nigerian National Petroleum Corporation …

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Nigerian National Petroleum Company Limited, NNPCL, to slash its ex-depot price of Premium Motor Spirit, PMS, commonly known as petrol. The spokesperson for PETROAN, Joseph Obele, made this call in a statement on Thursday. This comes after Dangote Refinery reduced its ex-depot petrol price to N899.50 per …

President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Mr. Billy Gillis-Harry has explained that blending is a standard practice in crude oil refining processes worldwide. Since the resumption of operations last Tuesday, some critics had said that the refinery is merely a blending plant. The coming into life of Port Harcourt refinery has been touted as a …

President Bola Tinubu extends his heartfelt congratulations to the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalization of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on 26 November, 2024. The President acknowledges the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of all our refineries and expresses gratitude …

Aliko Dangote, chairman of the Dangote Refinery and Petrochemical Company, says his company has the capacity to meet the country’s local demand and urged marketers to stop importing the product. Dangote said this while addressing State House correspondents after a meeting with President Bola Tinubu to review the sale of crude in naira to local refiners at the Presidential Villa …

The NNPC Limited Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has made a significant near-field oil discovery with the successful drilling of the Meji NW-1 well, located in Petroleum Mining Lease (PML) 49 within the shallow offshore area of the Western Niger Delta. The area, recently converted to the PIA 2021 terms, is a critical part of Nigeria’s energy production …

The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned one Ibrahim Shuaibu before Justice Darius Khobo of the Kaduna State High Court, sitting in Kaduna State for fraud. According to a Monday statement on EFCC X.com handle Shuaibu is facing prosecution on a seven-count charge, including criminal breach of trust, impersonation, and obtaining by false …

Dangote Refinery has clarified that NNPC Limited is yet to commence the lifting of petrol at the facility as both parties are still negotiating terms. Group Chief Branding and Communications Officer, Dangote Group, Anthony Chiejina in a statement on Thursday said the company is not in a position to determine the price of petrol as the sector is regulated. He …

By his advanced age and eminent status as a former Vice President of Nigeria, Alhaji Atiku Abubakar is by no means qualified to be an elder statesman. Statesmen are highly venerated and revered people to whom we go for advice, guidance and direction. But sometimes, Alhaji Atiku Abubakar behaves as if he should be removed from that exclusive club. Or …