Fire Breaks Out at Dangote Refinery in Lagos (Video)
Fire has broken out at the Dangote Refinery in Ibeju-Lekki, Lagos State. Explosions were heard on Wednesday, followed by a major fire at the refinery located in the Ibeju-Lekki area of Lagos State. As of now, the Dangote group has not yet commented on the fire incident. Africa’s richest man, Aliko Dangote, recently revealed he […]
Dangote Promises Lower Fuel Prices in Nigeria with New Refinery
Aliko Dangote, Chairman of the Dangote Group, announced that his $20 billion refinery in Lagos, which processes 650,000 barrels per day, will help reduce fuel prices in Nigeria. He shared this at a recent forum in The Bahamas. When asked if the refinery would lower petrol prices, which are currently around N700 per liter, Dangote […]
Why the Dangote Refinery Can’t Get Enough Crude Oil from IOCs in Nigeria – LCCI
The Lagos State Chamber of Commerce and Industry (LCCI) has attributed the limited crude oil supply to Dangote Refinery and other local refineries to issues like oil theft and pipeline vandalism. Dr. Chinyere Almona, Director General of LCCI, mentioned these problems in a statement addressing the crude oil supply challenges faced by local refineries in […]
Why Africa Hasn’t Built New Refineries in 35 Years – Aliko Dangote
Africa’s richest man, Aliko Dangote, has explained why no new refineries have been built in other African countries over the past 35 years. Dangote, who owns the $20 billion Dangote Refinery in Lagos, said that people who profit from importing fuel are responsible for the lack of new refineries in Africa over the last three […]
Fuel to sell N500 per litre as Port Harcourt Refinery set to release product – Marketers
Oil marketers have indicated that the Port Harcourt Refinery is nearing readiness to distribute Premium Motor Spirit, commonly known as fuel, at a price below N500 per litre. National Public Relations Officer, IPMAN, Chief Ukadike Chinedu, confirmed that the Port Harcourt Refinery will soon release the fuel to marketers. He noted that at the moment, […]