Naira Gains Against Dollar at Parallel Market
The naira has appreciated against the US dollar at the parallel market, exchanging at N1595 and N1600 for buying and selling respectively. This is according to sources at the…
Dangote Refinery Announces New Petrol Prices Amid Industry Pressure
Dangote Refinery has announced new petrol prices, selling at N990 per litre for truck deliveries and N960 per litre for ship deliveries. This comes in response to the Independent Petroleum…
Dangote Refinery’s Petrol Production Impacts European Market – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) reports that the Dangote Petroleum Refinery's efforts to increase petrol production are impacting the European petrol market. The refinery, which began operations…
Group Dares FG to Reveal Dangote Refinery Contract Details
A non-governmental organization, Publish What You Pay (PWYP) has asked President Muhammadu Buhari's government to reveal details about the Dangote Refinery contract. The Group Managing Director of the Nigeria National…
Dangote Refinery: The Danger of Single Narrative, Swifting the Facts From Emotion
By Richard Akinnola When the Dangote refinery controversy blew up, naturally as someone wired to support anyone l perceive to be oppressed, this time, Dangote, l lined up in support…
PETROAN Accuses Dangote Refinery of Monopolistic Practices, Promises Cheaper Petrol
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has sharply criticized Dangote Refinery for alleged attempts to stifle competition and maintain a monopoly in Nigeria’s downstream sector. The…
Dangote Refinery To Import Crude Oil As NNPCL Supply Falls Short
Dangote Petroleum Refinery plans to import crude oil feedstock due to insufficient supply from the Nigerian National Petroleum Company (NNPCL). The refinery has increased production to 500,000 barrels per day…
BREAKING: Buhari Inaugurates Dangote Refinery
President Muhammadu Buhari has officially inaugurated the Dangote petroleum refinery in Lagos, Nigeria's commercial city. The nineteen billion-dollar facility expected to transform Nigeria's energy sector, was inaugurated on Monday in…
Naira Payment For Crude Oil To Dangote Refinery, Others Begin October 1
The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will commence on October 1, 2024, in naira. This was disclosed by…
IPMAN, Dangote Refinery Seal Direct Petrol Supply Deal
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured a landmark agreement with Dangote Refinery for the direct supply of petroleum products, a move that is expected to revolutionize…