the hub of entertainment….
The premium motor spirit (PMS), also known as petrol, is expected to sell at N1,300 per litre, largely due to the cash crunch that has hit the Nigerian National Petroleum Company (NNPC) Limited, BusinessDay’s findings have shown. The NNPC, which is the sole importer of petrol into Nigeria, has consistently denied subsidising the cost of
West Africa Weekly founder and multiple award-winning Investigative journalist, David Hundeyin has publicly rejected a $500 offer by an international NGO, Dialogue Earth, to write an environmental piece attacking Nigeria’s only operational oil refinery, the Dangote Refinery and Petrochemicals Company. The brief obtained showed that Dialogue Earth, a London-based NGO backed by several funding organisations that have
The Story of Dangote Refinery debacle hasn’t ended but only getting started with recent new twists to his Precarious oil business experience. Allowing Dangote Refinery to operate could collapse many Western countries by disrupting their control over our oil. It would weaken the economic chains that perpetuate modern slavery in Nigeria and Africa. It would
The Dangote Refinery Dangote Refinery is planning to sell a 12.7 per cent stake in 2024 for loan servicing, Fitch Ratings, a credit rating agency says in a report released on Monday. Fitch recalled that the Nigerian National Petroleum Company Limited had earlier planned to acquire a 20 per cent stake in the refinery. However, the
His Excellency, Peter Gregory Onwubuasi Obi has come out strong to urge Aliko Dangote to be resilient in the face of current challenges and obvious sabotage from oil cabals. He also emphasized tthat he has lost more being a politician that if he had remained in private sector. He wrote below : “Recently, the media was awash
The Group Chief Commercial Officer at Dangote Industries Limited, Rabiu Umar has said the Nigerian government neglected Dangote Refinery to export crude oil to Indonesia and import finished products from the same country. [the_ad_placement id=”new-ads”] Umar disclosed this in an interview with Channels Television on Monday monitored by DAILY POST. He stated this is coming
Farouk Ahmed, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has cautioned Nigerians against over-dependence on products from the Dangote refinery. Ahmed highlighted concerns over the consistency and standardisation of the refinery’s output, stating that the quality of its products was inferior compared to the imported quality products. He addressed
The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that the Nigeria National Petroleum corporation, NNPC limited no longer owns a 20% stake in Dangote Refinery. Dangote disclosed this during a media parley at the refinery on Sunday. The business mogul revealed that the Nigerian oil company now owns only 7.2% of
Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, Bloomberg reported on Friday. It said this would add to the large number of overseas barrels of crude feedstock that the Nigerian firm was importing. Indigenous crude oil refiners, including Dangote refinery and modular refineries, as well as local crude producers have repeatedly raised
Explosions was heard on Wednesday after a major fire engulfed the Dangote Group refinery located in Ibeju-Lekki, Lagos State. Dangote Refinery located in Lagos State is currently up in flames. According to a video seen by our reporter, thick smoke was seen emanating from a part of the yet-to-be completed refinery. Some workers at the