Dangote’s Refinery: A Solution or Another Economic Burden for Nigeria?
As Africa’s richest man, Aliko Dangote, prepares to start fuel production at his much-anticipated refinery, many Nigerians are hopeful that this project will bring an end to the country’s perennial fuel shortages and high prices. However, not everyone shares this optimism. Nigerian activist and lawyer, Deji Adeyanju, has voiced strong opinions about the refinery and […]
“Primate Ayodele Warns: China Loans Could Mortgage Nigeria’s Future, Dangote Refinery Can’t Fix Economy”
Primate Elijah Ayodele, the spiritual leader of the INRI Evangelical Spiritual Church, has issued a stark warning to Nigeria’s government about its increasing reliance on loans from China. According to him, the long-term consequences of these loans could leave Nigeria indebted for the next 100 years. Ayodele expressed his concerns in a statement made by […]
NNPCL: No Guarantee of Lower Petrol Prices with Dangote Refinery
The Nigeria National Petroleum Company Ltd (NNPCL) has recently announced that starting from September 15, it will begin sourcing petrol from the new Dangote Refinery. However, NNPCL has made it clear that this does not guarantee a drop in petrol prices. According to NNPCL’s spokesman, Olufemi Soneye, the cost of petrol, whether from the Dangote […]
Atiku Praises Dangote’s Tenacity as Refinery Begins Fuel Production
Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party (PDP), has applauded Aliko Dangote, the founder of Dangote Group, for his determination and vision with the launch of the Dangote Refinery. According to Atiku, Dangote’s commitment to starting the refinery and its fuel production is a clear example of the “can-do spirit” he […]
NNPCL Delivers 30 Million Barrels of Crude Oil to Dangote Refinery, Plans to Supply More
The Nigerian National Petroleum Company Limited (NNPCL) has provided 30 million barrels of crude oil to the Dangote refinery so far. Adedapo Segun, NNPCL’s Executive Vice President of Downstream, shared this news during an interview on Arise Television. He mentioned that the company plans to supply an additional 17 million barrels to the refinery in […]
Nigerians Struggle as Petrol Prices Soar Above N1,000 per Litre
Nigerians are feeling the pinch as petrol prices soar above N1,000 per litre in many areas across the country. This sharp increase in fuel prices has caused widespread concern among citizens. In response to the crisis, Dangote Refinery has started producing Premium Motor Spirit (PMS). The Lagos-based refinery, which can handle 650,000 barrels of oil […]
Dangote Refinery to Start Supplying Petrol in September
The Dangote Petroleum Refinery is expected to start producing petrol by mid-September, according to a recent report by Reuters. The refinery, owned by Aliko Dangote, Africa’s richest man, had initially planned to begin production earlier but faced delays. Earlier reports suggested that petrol production would begin in June, but due to minor setbacks, the date […]
Port Harcourt Refinery Set to Kick Off Soon, Say Oil Marketers
Nigeria’s fuel supply challenges might soon be a thing of the past as oil marketers express optimism that the Port Harcourt Refinery will begin commercial production in the coming weeks. This development could be a game-changer for the country, which has long struggled with fuel shortages and the associated economic impacts. Billy Gillis-Harry, the national […]
Dangote Refinery Yet to Receive 29m Barrels Crude Allocation, Counters NUPRC Claim
The ongoing challenges in Nigeria’s oil and gas industry continue as Dangote Refinery has announced that it has not yet received the 26 million barrels of crude oil allocation that was reportedly facilitated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In a recent statement, Dangote Group’s spokesperson, Anthony Chiejina, responded to NUPRC’s claims that […]
Tinubu Orders NNPCL to Sell Crude Oil to Dangote Refinery in Naira
In a major policy shift, President Tinubu has directed the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to the Dangote Refinery using Naira. This new approach, announced by Bayo Onanuga, a media aide to the president, is designed to stabilize fuel prices and the Naira-Dollar exchange rate. The Federal Executive Council (FEC) […]