The Nigerian National Petroleum Company Limited (NNPC Ltd) on Saturday said the national oil company is not the sole buyer of petroleum products from Dangote Refinery. Responding to claims made by the Muslim Rights Concern (MURIC), which suggested that the NNPC is undermining the operations of Dangote Refinery Limited (DRL), in a statement signed by…

Chairman of Dangote Foundation, Aliko Dangote, and Bill Gates are among the dignitaries attending the National Economic Council (NEC) currently underway at the Presidential Villa, Abuja, with Vice President Kashim Shettima presiding. Also present at the meeting are governors including Babagana Zulum of Borno State, Bala Mohammed (Bauchi), Abdullahi Sule (Nasarawa State), Duoye Diri (Bayelsa),…

Ogun State Governor, Prince Dapo Abiodun, said the commencement of fuel production by the Dangote refinery will strengthen the nation's economy by eliminating constant shortages and conserving foreign exchange. Petrol produced from the 650,000 barrels per day Dangote refinery is expected to hit filling stations in the next 48 hours as modalities with the Nigerian…

For the seventh year running, Dangote Industries Limited has been recognised as the most valuable brand in Nigeria, leading a list of top brands that includes MTN, Airtel, Access Bank, and Globacom. This achievement was highlighted in the latest rankings by TOP 50 BRANDS NIGERIA®, an annual event that celebrates the country’s most influential and…

Over a year after its launch in May 2023, Dangote Refinery on Tuesday produced its first batch of Premium Motor Spirit (PMS), commonly known as petrol, from its 650,000 barrels-per-day facility in Lagos. At a press conference, Aliko Dangote, the billionaire owner of the refinery, declared it a "celebration day" for Nigerians, stressing the refinery's…

  The Franco-Nigerian Chamber of Commerce and Industry (FNCCI) has said the issues around oil theft and other circumstances surrounding oil production need to be addressed if the country can meet its energy needs at a sustainable cost. The chamber also said that to be able to achieve this, there must be local crude supply…

  The Federal Government has announced that the sale of crude oil to Dangote Refinery and other local refineries will start on October 1, 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the announcement during a meeting with the implementation committee on Monday in Abuja. At the meeting, key…

Although the directive by President Bola Ahmed Tinubu to the Nigerian National Petroleum Company Limited to sell the crude meant for local consumption to Dangote and other local refineries in naira has doused the tension that engulfed the oil and gas industry

The Senate disclosed on Thursday that it would wade into the face-off between regulators in the petroleum sector and Aliko Dangote, with a view to facilitating the take-off of the Dangote refinery. It also launched a marathon investigation into cases of sabotage in the petroleum industry in the last 10 years. Public hearings on the…

President Bola Tinubu has described the newly commissioned Oworonshoki-Apapa Expressway as the 10th wonder of the world.

After four hours of intense gun battles, troops of the 145 Battalion in Damasak, supported by the Nigerian and Niger Air components, have successfully dislodged ISWAP enclaves around Bulaburin in Yobe State. During the operation, one terrorist was neutralized, a gun truck was destroyed, and several arms were recovered. The gallant troops demonstrated exceptional bravery,…

Forbes’ list of the world’s billionaires in 2024 showcases an array of individuals who have reached the pinnacle of financial success. Here’s a look at the top 10 billionaires and the notable Nigerians who made the list, along with the industries that have produced the most billionaires. Top 10 Billionaires: Bernard Arnault & family -…