“It is disturbing that the government would seek to take over a privately constructed facility after years of neglecting its own refineries. But why take over what a private individual built? Why can’t the FG fix its refineries all these years?”
Browsing: Oil & Gas/Mineral Resources
Then Dangote refinery happened. It has, they said, the capacity to refine 650,000bpd, more than what we consume daily. I just listened to the head of NMDPRA over BBC Hausa Service, saying—and sounding innocent—that Dangote wants monopoly but it is the duty of his organization to guard the interests of Nigerians. “How can you go to the market and be forced to buy from just one trader?” he asked.
“Dangote Refinery Should Be Fully Supported, Not Vilified. The recent conflicts between Dangote Industries and some government agencies are deeply troubling. This issue transcends political affiliations and personal grievances. It is fundamentally about Nigeria’s economy, future, and the well-being of its citizens.”
“The meeting focused on finding a sustainable and lasting solution to the current impasse affecting the Dangote Refinery, with all parties demonstrating a commitment to collaborative and proactive problem-solving,” the statement read.
President of Dangote Group, Aliko Dangote, has asserted that products refined at his Petroleum Refinery & Petrochemicals, are of superior…
“I urge you to even set up a committee that will take samples at filling stations and take our own sample, because I must tell you that all the test certificates people are flaunting around are fake certificates.
In a shocking display of disregard for the future of young entrepreneurs in Nigeria and Africa, Ahmed Farouk’s recent comments…
The President of the Dangote Group, Aliko Dangote, has denied that there are substandard petroleum products at the refinery. Dangote…
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N545.83 in June 2023 to N750.17 in June 2024.
“As an example, we paid $96.23 per barrel for a cargo of Bonga crude grade in April (excluding transport). The price consisted of $90.15 dated Brent price + $5.08 NNPC premium (NSP) + $1 trader premium. In the same month, we were able to buy WTI at a dated Brent price of $90.15 + $0.93 trader premium including transport. When NNPC subsequently lowered its premium based on market feedback that it was too high, some traders then started asking us for a premium of up to $4m over and above the NSP for a cargo of Bonny Light,” Edwin said.