Dangote Refinery
27 Mar
When Dangote stopped petrol sales, Nigeria did not grind to a halt When Nigeria’s largest single-train refinery–the Dangote Refinery–paused its sales for several days, panic would have set in. Nigeria has a long and torrid history with fuel scarcity and queues despite being one of Africa’s largest oil producers. Despite the pause, Nigeria’s petrol stations…
26 Mar
Dangote Petroleum Refinery & Petrochemicals appears to be making significant strides in the global energy market, with the United States (U.S.) importing over two million barrels of jet fuel from the Dangote Refinery in March.
19 Mar
Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in naira. In a statement on Wednesday, the management said it took the decision to avoid a mismatch between the refinery's sales proceeds and its crude oil purchase obligations, which are currently denominated in U.S. dollars. "To date, our sales of petroleum products in…
19 Mar
The Federal High Court sitting in Abuja has dismissed the Nigeria National Petroleum Company Limited’s (NNPCL) preliminary objection against a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute.
18 Mar
The Federal High Court sitting in Abuja has dismissed the Nigeria National Petroleum Company Limited (NNPCL)’s preliminary objection against a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over an oil import licence dispute. Justice Inyang Ekwo, in a ruling on Tuesday, dismissed the objection on the grounds that the application was incompetent.…
14 Mar
Dangote Petroleum Refinery on Thursday reduced the loading coast of its petrol from N825 per litre to N815 per litre, further intensifying the pricing war in the downstream sector. Report has it that marketers are taking advantage of the N10 reduction by sourcing petrol directly from the refinery instead of relying on depot owners who…
12 Mar
The Conference of Progressive Nigerians (CPN) has cautioned the Nigerian National Petroleum Company (NNPC) Limited against suspending the naira-for-crude oil exchange arrangement. The group warned that such a move could have severe economic consequences. This came in response to claims that the government-owned oil company had suspended the naira-for-crude deal until 2030, as it has…
11 Mar
Amid challenges of crude availability to local refineries, especially Dangote Refinery, the Nigerian National Petroleum Company Limited (NNPCL), yesterday, said 84 million barrels of crude oil has been supplied to Dangote.
11 Mar
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has committed to promoting healthy competition and controlling price fluctuations in the downstream sector.
4 Mar
The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has predicted a downward decline in the cost of Premium Motor Spirit (PMS), popularly known as petrol. Rewane said this after Dangote Refinery and the Nigeria National Petroleum Company Limited (NNPCL) announced a crash in PMS price. In a statement, Dangote Refinery a reduction of…
4 Mar
In what appears as retaliation against initial price reduction by Dangote Refinery, the Nigerian National Petroleum Company Limited (NNPCL), yesterday, slashed the pump price of Premium Motor Spirit (PMS), commonly known as petrol, from N945 per litre to N860 per litre in Lagos and N865 in Abuja.
3 Mar
Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria.
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