Dangote oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will cost more than double the amount originally projected. “Our capex will almost go to $19 billion by the time we finish,” Devakumar Edwin,…
The Nigeria’s Nigerian National Petroleum Corporation, NNPC, has assured a steady supply of 300,000 barrels a day, b/d of crude to the 650,000 b/d Dangote oil refinery, which is still under construction. The plan is to bolster domestic fuel supply…
Contrary to some reports that the Assets Management Corporation of Nigeria (AMCON) could take over the Dangote Refinery over debts owed by the Dangote Group to banks, the corporation have denied such claims, saying it have no business with the…
Contrary to some reports that the Assets Management Corporation of Nigeria (AMCON) could take over the Dangote Refinery over debts owed by the Dangote Group to banks, the corporation have denied such claims, saying it have no business with the…
Some economists and oil and gas expert have backed the Federal Executive Council’s (FEC) approval of the acquisition of 20 per cent minority stakes by the Nigerian National Petroleum Corporation (NNPC) in the Dangote Petroleum and Petrochemical Refinery. They made…
Uthman Salami The federal government has given a nod to $2.76 billion fund for the acquisition of minority stake in Dangote Refinery at 20 per cent through the Nigerian National Petroleum Corporation (NNPC). The Minister of State for Petroleum Resources, made the…
The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, says Nigeria would have started producing its own oil if Dangote Refinery had existed years ago. She said this during her visit to the President, Major General Muhammadu Buhari (retd.),…
The Major Oil Marketers Association of Nigeria (MOMAN) says the 650,000 BPD Dangote Refinery in Ibeju Lekki, Lagos will be extremely beneficial to Nigeria when it begins production. MOMAN however, advised the Federal Government against preventing marketers from importing refined…
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production. Emefiele also disclosed that the first shipment of Urea…
The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria’s Dangote Refinery would provide an elixir for the country’s economy when it is completed and start production by 2022. In its latest report on Nigeria’s economy, the…
