The Federal Government’s committee, established to oversee the sale of crude oil to local refineries in naira, has reached an agreement with the Dangote Petroleum Refinery to begin the distribution of Premium Motor Spirit (PMS), commonly known as petrol, in…
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, and Alhaji Aliko Dangote, President/Chairman of the Dangote Refinery, have formally endorsed the inaugural Nigerian Crude Oil Refining Summit…
By Dr. Jimoh Ibrahim The first $15 billion was already spent on Nevada’s Yucca Mountain megaproject until the Obama administration scrapped the project! A total of $65 billion, including damages, was spent on Yucca, and the ground was covered back…
By Esther Agbo In response to a recent statement by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Dangote Petroleum Refinery and Petrochemicals has clarified that ita yet to receive the 29 million barrels of crude oil allocated to it.…
Former President Olusegun Obasanjo has said that those benefiting from the lucrative business of fuel importation are going to make efforts to frustrate the Dangote Petroleum Refinery. Obasanjo stated this in the wake of allegations by the President of the…
Former President Olusegun Obasanjo has suggested that those benefiting from fuel importation are likely to obstruct the Dangote Petroleum Refinery. Obasanjo’s comments follow allegations by Aliko Dangote that certain groups are trying to sabotage his $20 billion refinery project. He…
…No market can afford Dangote’s price rate — IPMAN By Matthew Denis The Federal Executive Council (FEC) has ordered the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other local refineries in naira. The…
…As Reps urge President Tinubu to suspend NMDPRA boss …I will sanction any NNPC’s employee operating blending plant in Malta — Kyari By Esther Agbo and Seun Ibiyemi Nigerian businessman and philanthropist, Femi Otedola and President of the African Development…
The Joint Committee of the House of Representatives investigating arbitrary rise of cement price in the country has asked major producers in the industry to tender documents on cost production to justify the price of cement in the market. The committee…
…Commends NUPRC for publishing Domestic Crude Supply Obligation Guidelines …Says trading arms offer cargoes at $2-$4 per barrel, above NUPRC official price The Management of Dangote Industries Limited (DIL) says International Oil Companies (IOCs) are using their trading arms to…
