Petrol Pump Price Surges To N1,150 After Dangote Hike
The pump price of petrol has surged to between N1,050 and N1,150 per litre. The refinery increased its PMS price from N899/litre to N955/litre at its loading gantry. Oil marketers…
Refinery: Dangote Begins Loan Repayment
The Central Bank of Nigeria(CBN) Governor, Godwin Emefiele has announced that Aliko Dangote, the President of Dangote Group, has started repaying some of the loans used to finance the Dangote…
Dollar to Naira Exchange Rate Hits N1610 at Black Market
The dollar to naira exchange rate has hit a new high at the black market, with players buying at N1600 and selling at N1610. According to sources at Bureau…
Dangote Refinery Begins Fuel Exports to West Africa
The Dangote Petroleum Refinery has officially commenced the export of refined petroleum products to neighboring West African nations, marking a significant milestone that could reshape the regional fuel market. A…
Dangote Refinery Increases Ex-Depot Price, Partners to Sell Petrol at ₦970 per Litre
Dangote Refinery has increased its ex-depot price of fuel from ₦899.50 to ₦950 per litre. Despite the price increase, Dangote Refinery's partners, including Ardova, Heyden, and MRS Holdings, will sell…
Dangote Group: Balancing Socioeconomics and Petroleum Product Pricing
By Comrade Victor Ojei The Dangote Group, led by Aliko Dangote, is undoubtedly one of the most prominent conglomerates in Nigeria and across Africa. With diverse investments spanning multiple sectors,…
Petrol Price to Hit N1,300 per Litre as NNPC’s Cash Crunch Bites
The Nigerian National Petroleum Company (NNPC) Limited's financial strain may push petrol price to N1,300 per litre, as the company's inability to subsidize the product persists. The NNPC, which…
NNPC Orders Marketers to Halt Petrol Imports, Cites Dangote Refinery Capacity
The Nigerian National Petroleum Company Limited (NNPC) has issued a directive to oil marketers, instructing them to cease the importation of petrol, citing the capacity of the Dangote Refinery to…
Court Adjourns Dangote Refinery’s N100bn Suit Against Marketers
Federal High Court in Abuja has adjourned until January 30 a suit filed by Dangote Petroleum Refinery and Petrochemicals FZEm Dangote Refinery is seeking to halt the issuance of oil…
ICYMI: How Dangote Refinery Was Relocated From Rivers to Lagos
The Dangote Petroleum Refinery was moved from Rivers State to Lagos State due to the actions of the Rivers State Government and some local governments in the state. Ibifiri Bobmanuel,…