Home Business NNPC Breaks Monopoly on Dangote Refinery Fuel Supply
Business

NNPC Breaks Monopoly on Dangote Refinery Fuel Supply

Share
NNPC to Supply Dangote Refinery Crude Oil For 20 Years
Dangote and Melee Kyari
Share

The Nigerian National Petroleum Company Limited (NNPC) has scrapped its exclusive purchase agreement with Dangote Refinery.

It is believed that the development paved the way for other marketers to buy petrol directly from the facility.

READ ALSO: Dangote Refinery Set to Receive 400,000 Barrels of Crude Daily Under New Agreement

The move marks a shift towards a deregulated market, allowing marketers to negotiate prices directly with Dangote Refinery, rather than relying on NNPC as the sole off-taker.

It also aligns with the ‘willing buyer, willing seller’ model, promoting competition and potentially stabilizing fuel prices in Nigeria.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

Furthermore, the development is seen as a step towards liberalizing the country’s downstream oil sector, encouraging private investment and improving supply chain efficiency.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
SERAP Sues CBN Over Non-Disclosure of LG Allocations After Supreme Court Ruling | Daily Report Nigeria
Business

SERAP Sues CBN Over Non-Disclosure of LG Allocations After Supreme Court Ruling

SERAP has sued the Central Bank of Nigeria (CBN) for failing to...

NNPC Shuts Down Port Harcourt Refinery for Maintenance | Daily Report Nigeria
Business

NNPC Shuts Down Port Harcourt Refinery for Maintenance

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a scheduled...

Naira Gains Ground Against Dollar at Official, Black Markets as Week Closes Strong | Daily Report Nigeria
Business

Naira Gains Ground Against Dollar at Official, Black Markets as Week Closes Strong

The naira recorded a notable appreciation against the U.S. dollar at both...

Dangote Refinery Gulps 13% of Nigeria Crude Exports – Report
Business

Dangote Refinery Slashes Petrol Prices by N15 Nationwide

Dangote Petroleum Refinery has reduced the pump price of petrol by N15...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush