Tag: Dangote Refinery
Lagos State Government Sued Over Alleged $100 Million Payment by Aliko Dangote for Ibeju-Lekki Land
The Lagos State Government has been taken to the Federal High Court in Ikoyi, Lagos, following a lawsuit seeking transparency regarding a recent claim by Alhaji Aliko Dangote that he made a payment of $100 million to the government for land. The lawsuit demands that the state disclose details surrounding the alleged transaction, including how…
IPMAN: Fuel Pricing to Be Driven by Competition Between NNPC and Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has indicated that the price of petrol will determine whether its members purchase from the Nigerian National Petroleum Company (NNPC) or Dangote Refinery. According to Ukadike Chinedu, the National Publicity Secretary of IPMAN, marketers will seek the most cost-effective source as competition between local suppliers sets in….
NNPC Clarifies: Dangote Refinery Free to Offer Competitive Prices in Nigerian Market
The Nigerian National Petroleum Company Limited (NNPC Ltd) has responded to claims made by the Muslim Rights Concern (MURIC) that its actions may be undermining the operations of the Dangote Refinery Limited (DRL). In a statement released today by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., the company emphasized that the Nigerian market…
Dangote Refinery Denies NNPC Lifting of Petrol, Refutes Reports on Pricing
Lagos, Nigeria – The Dangote Group has officially refuted claims that the Nigerian National Petroleum Corporation (NNPC) has begun lifting refined petrol from its refinery, following a misleading headline published by BusinessDay on September 4, 2024. The article alleged that NNPC had started lifting petrol from the Dangote Petroleum Refinery and was selling it at…
BREAKING: Dangote Refinery Begins Petrol Production
Aliko Dangote, Africa’s richest man and founder of the Dangote Group, has officially announced the commencement of petrol production at the highly anticipated Dangote Refinery. The announcement marks a significant milestone in Nigeria’s energy sector. During a press briefing, Dangote expressed his profound gratitude to President Bola Ahmed Tinubu for authorizing the sale of crude…
BREAKING: President Tinubu Proposes Crude Oil Sales to Dangote Refinery in Naira
Abuja, Nigeria — In a significant move aimed at stabilizing fuel prices and the exchange rate between the dollar and the Naira, President Bola Tinubu has extended a vital lifeline to the Dangote Refinery. The Federal Executive Council (FEC) has approved a proposal put forward by the President to sell crude oil to the Dangote…
House of Representatives Calls for Suspension of NMDPRA Chief Executive Amid Investigation
Abuja, Nigeria – In a decisive move, the House of Representatives has called for the suspension of the Chief Executive of the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) pending a thorough investigation into allegations against the Authority. The decision came after Honorable Esosa Iyawe raised a motion of urgent public importance regarding the need…
Minister of State Petroleum Resources Hosts Crucial Meeting with Dangote, NMDPRA, NUPRC, and NNPC Leadership
Abuja, Nigeria – Distinguished Senator Heineken Lokpobiri, the Honourable Minister of State Petroleum Resources [Oil], hosted a high-level meeting with key stakeholders to address and resolve ongoing issues surrounding the Dangote Refinery. Attending the meeting were prominent figures in Nigeria’s oil and gas sector: The stakeholders expressed their gratitude to the Honourable Minister for his…
Dangote Clarifies Incentives and Monopoly Concerns at Refinery
Lagos, Nigeria – In a recent statement, Aliko Dangote, Chairman of Dangote Group, addressed concerns about incentives and monopoly at the newly established Dangote Refinery. Speaking on Thursday, Dangote emphasized that no incentives were collected from the Federal Government of Nigeria or Lagos State for the refinery project. “In the refinery, we did not, and…
Aliko Dangote Reveals Challenges Faced in Establishing Refinery
Lagos, Nigeria — June 13, 2024 — Africa’s wealthiest man, Aliko Dangote, has shed light on the formidable challenges he faced from powerful interests while establishing his $20 billion Dangote Refinery. Speaking candidly, Dangote compared the opposition from the oil sector to the notorious influence of drug cartels. “I didn’t know that the mafia in…