Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of actively trying to undermine the Dangote Oil Refinery and Petrochemicals. Edwin made this disclosure to a group of Energy Editors at a one-day training programme organised by the Dangote Group. Edwin stated that
Why Petrol, Diesel Prices May Not Drop Despite Dangote Refinery
Experts have indicated that the commencement of production at the Dangote Petroleum Refinery may not lead to a substantial decrease in petrol and diesel prices. Despite the refinery’s strategic location in Lagos , Nigeria , the input costs for its operations are heavily import-dependent, and the volatility of foreign exchange rates is expected to hinder any
Sell Crude Oil in Naira not dollars – Falana
Human rights lawyer, Femi Falana, SAN, has condemned what he described as the dollarisation of the Nigerian economy, adding that the country has no business selling crude oil in dollars. He said he has led a campaign against the dollarisation of the economy to the leadership of the Central Bank of Nigeria who have promised