Dangote Refinery PLC has dismissed reports claiming that a $1 billion loan from the Nigerian National Petroleum Company Limited (NNPCL) was crucial in resolving its liquidity issues. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and Families of Fallen Heroes Current Cement Prices: Dangote, BUA, Others This Festive Season Fatal Crash on Lagos Third Mainland … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for a reduction in petrol prices, urging the Dangote Refinery to lower its ex-depot price from ₦970 per litre in light of a reduced estimated landing cost of ₦900.28 per litre. This plea comes amidst the Federal Government’s crude-for-naira initiative, which began in October 2023. … Read more
A coalition of Civil Society Organisations (CSOs) protested at the National Assembly on Friday, voicing concerns over the unresolved issues between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery, which they say negatively impact Nigerians, especially regarding fuel availability and pricing. EDITOR’S PICKS Electricity Meter Costs Rise Again As Deregulation Takes Effect Biden, … Read more
The Nigerian National Petroleum Company Limited (NNPC) has yet to begin the planned supply of crude oil in naira to the Dangote Petroleum Refinery, which was scheduled to start on October 1, 2024, as of Thursday, October 3. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System Project Shamim Ahmed: Student Ally of … Read more
The Federal Government and Dangote Refinery have finalized a deal to supply 12 million barrels of crude oil to the refinery in October, as confirmed by Aliko Dangote, CEO of Dangote Refinery, during an interview with Bloomberg TV in the United States. This crude oil supply is part of an ongoing agreement with the federal … Read more
Independent petroleum marketers in Nigeria are expecting petrol from the Dangote Petroleum Refinery to be priced between ₦600 and ₦650 per litre when it becomes available in the market. Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), expressed optimism in an interview with Punch that the $20 billion Dangote … Read more
President Bola Tinubu has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Petroleum Refinery in Naira. Eko Hot Blog reports that this was contained in a press statement issued on Monday by Bayo Onanuga, special adviser on information and strategy to the president According to Onanuga, the proposal was … Read more
Reps Probe Alleged Collusion Against Dangote Refinery Over Crude Oil Supply Withholding House of Representatives is investigating claims of crude oil supply obstruction to Dangote Refinery by NUPRC and IOCs. EKO HOT BLOG reports that the House of Representatives has initiated an investigation into claims that the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) and International Oil … Read more
Operators in the downstream oil sector urge the Federal Government to ensure crude oil supply to the Dangote refinery, criticizing high prices and lack of collaboration as reasons for preferring imported fuels. Eko Hot Blog reports that operators in the downstream oil sector have urged the Federal Government to ensure the provision of crude oil to the … Read more
Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) foresee a slight decrease in the pump price of Petrol once production resumes at the Port Harcourt Refining Company next month. According to PUNCH, IPMAN and MEMAN have also declared their readiness to … Read more