Ardova Plc partners with Dangote Refinery for competitive fuel pricing. Deal aims to boost efficiency and competition in Nigeria’s oil sector. Dangote Refinery and MRS offer petrol at ₦935 per litre nationwide. Ardova Plc, one of Nigeria’s leading integrated downstream oil and gas companies, has signed a bulk purchase framework with Dangote Refinery to ensure … Read more
Dangote reduced petrol ex-depot price to ₦899.50, citing market forces. He denied claims of $1 billion NNPC financial aid. The refinery refines 350,000 barrels daily, transforming Nigeria’s oil sector. Aliko Dangote, President of Dangote Industries Limited, has clarified the recent reduction in the ex-depot price of Premium Motor Spirit (PMS) at his refinery’s loading gantry … Read more
Dangote Industries Limited President, Aliko Dangote, has applauded President Bola Tinubu’s naira for crude swap deal, citing its positive impact on Nigeria’s economy and the subsequent reduction in petrol prices. Eko Hot Blog reports that im a statement released on Saturday, Dangote announced a partnership with MRS Petrol station, which will see petrol sold at … Read more
Dangote Refinery has officially commenced the export of Premium Motor Spirit (PMS) to Cameroon, marking its first-ever international shipment and a significant milestone for Africa’s largest oil refinery. EKO HOT BLOG reports that this groundbreaking export, announced in a statement by Dangote Refinery on Wednesday, results from a strategic partnership with Neptune Oil, a leading … Read more
The Dangote Petroleum Refinery has resumed purchasing crude oil from the United States, marking a significant step in its efforts to boost production and refine capacity. This follows a three-month pause in foreign crude imports as the refinery prioritized domestic supplies. Bloomberg reports that a shipment of two million barrels of WTI Midland crude from … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finalized a partnership with Dangote Refinery for the direct supply of fuel products, aiming to secure a stable and affordable distribution of Premium Motor Spirit (PMS) nationwide. IPMAN’s National President, Abubakar Garima, confirmed this development on Monday during a press briefing in Abuja following a meeting … Read more
The conflict between Dangote Refinery and Nigerian petroleum marketers has escalated, with Dangote Group President Aliko Dangote suggesting that marketers have shown little interest in purchasing from his refinery. The dispute, which initially surfaced in September amid the distribution of premium motor spirit (PMS), involves the Dangote Refinery, Nigerian National Petroleum Company Limited (NNPCL), and … Read more
Aliko Dangote, President of Dangote Refinery, has assured that fuel queues across Nigeria will disappear once oil marketers start sourcing fuel from his refinery. Speaking to State House Correspondents after a meeting with President Bola Ahmed Tinubu, Dangote stated that his refinery holds the solution to the country’s persistent fuel queues. He urged the Nigerian … Read more
President Bola Tinubu is currently in a meeting with members of the crude oil and refined products sales in the local currency implementation committee. The committee was led by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to the State House, Abuja for the meeting. EDITOR’S PICKS BBNaija: It Was … Read more
Football fans have taken to social media, calling on Aliko Dangote, President and CEO of Dangote Group, to invest in the Nigeria Premier Football League (NPFL). This follows Dangote’s recent remarks expressing regret over not purchasing English Premier League club Arsenal. In a Bloomberg interview with Francine Lacqua in New York, Dangote revealed that he … Read more
Alhaji Aliko Dangote, President and CEO of the Dangote Group, has expressed regret over not purchasing Arsenal Football Club when he had the chance. Dangote revealed that he had considered buying the English club when it was valued at around $2 billion. In an interview with Bloomberg’s Francine Lacqua in New York, the billionaire businessman … Read more
In response to the devastating flood disaster in Maiduguri, Borno State, numerous prominent individuals have made substantial donations to assist victims and bolster recovery efforts. EKO HOT BLOG reports that the Borno State government reported receiving over N12 billion in cash and in-kind donations to support those affected by the Alau Dam flood disaster. Abdurrahman … Read more
The Federal Government has commended the beginning of petroleum product lifting from the Dangote Petroleum Refinery and Petrochemicals, describing it as a significant step towards national industrialisation and self-sufficiency in refining. The Head of Communications, Dangote Group, Mr Anthony Chiejina, in a statement said that trucks from the Nigerian National Petroleum Corporation Ltd, NNPCL, had … Read more
Media personality Charles Oputa, better known as Charly Boy, has shared insights on why the fuel produced by Dangote’s Refinery appears clear in color. In an Instagram post, Charly Boy explained that clear fuel typically indicates the presence of Ethanol. He noted that Ethanol contains a significant amount of oxygen, which helps reduce carbonation in … Read more
Bloomberg confirmed on Thursday that the Dangote Petroleum Refinery will begin determining the price of petrol starting in October. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds Down Trust Between Govt, People -Minister UEFA To Honour Ronaldo For Record-Breaking Champions League Career EKO HOT BLOG reports that Aliko Dangote, Chairman of Dangote … Read more
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has said that Dangote Refinery in Lagos will supply the Nigerian market with 25 million litres daily this September. It also said that beginning in October, the 650,000 barrels per day facility will pump 30 million litres daily into the Nigerian market. EDITORS PICK: Maduro Grounded: … Read more
The Chairman and owner of Dangote refinery, Aliko Dangote, has spoken on pricing for petrol produced at his 650,000 barrels per day facility. Speaking on Tuesday, Dangote said as soon as his company finalises modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market. “Our PMS (Premium Motor Spirit) can … Read more
The 650,000-barrel-per-day Dangote refinery has begun test runs for Premium Motor Spirit (PMS) production, with full operation expected by mid-September. The $20bn refinery built by Aliko Dangote which has so far only produced diesel and other distillate fuels, had earlier said that petrol deliveries from the refinery would start in July. Before that, the refinery … Read more
Youths under the auspices of the Arewa Youth Congress of Nigeria, AYCN, on Wednesday took to the streets of Jos, Plateau state capital and demanded that domestic crude be supplied to Dangote Refinery. The protesters, who took their protest to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Jos Field Office, said refining crude locally … Read more
The Arewa Consultative Forum (ACF) commends President Bola Tinubu for directing NNPC to sell crude oil to local refiners in naira, urging affordable petroleum prices in return. EKO HOT BLOG reports that the Arewa Consultative Forum (ACF) has praised President Bola Tinubu for directing the Nigerian National Petroleum Company Limited (NNPC) to sell crude oil to … Read more