Why DAPPMAN’s Outdated Business Model Crumble Against Dangote Refinery
The entry of the Dangote Refinery into Nigeria’s oil and gas sector has changed the game, leaving many players, especially the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), struggling to keep up. For years, DAPPMAN’s members thrived on importation and distribution of refined petroleum products. But with Dangote’s refinery now producing locally, that […]
Why retailers, marketers dump Dangote Refinery petrol for import – Stakeholders
Even though Dangote Refinery and other local refineries are producing petrol, Nigeria still imports fuel. Stakeholders in the petroleum industry say this is due to price competition, supply gaps, and concerns over monopoly. The President of the Petroleum Products Retail Outlet Owners Association, Billy Gillis-Harry, and the Chairman of the Major Marketers Association of Nigeria, […]
NiMet forecasts 3-day sunshine, haziness
Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit (PMS), also known as petrol, from N950 to N890 per liter. While this move is great news for consumers, it has created serious financial challenges for fuel marketers who had already purchased petrol at the higher price. The price cut was likely influenced by […]
Dangote Price Slash: Marketers With Imported Fuel Fear Losses
Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit (PMS), also known as petrol, from N950 to N890 per liter. While this move is great news for consumers, it has created serious financial challenges for fuel marketers who had already purchased petrol at the higher price. The price cut was likely influenced by […]
Dangote Officials and Refiners Challenge Marketers Over Imported Petrol
The ongoing tension between domestic oil refiners and major oil marketers in Nigeria has reached a new level, with Dangote Refinery officials strongly criticizing the importation of low-quality Premium Motor Spirit (PMS), also known as petrol. This comes after the commencement of large-scale fuel imports by some oil marketers, despite the availability of locally refined […]
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 […]