•Dangote and Otedola The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery. He revealed his plans today after leading top executives of First HoldCo to Dangote refinery. Otedola’s planned investment is part of the $2 billion private placement Dangote refinery is targeting from private invest...
The Dangote Petroleum Refinery has dropped the price of jet fuel from N1,750 to N1,650 per litre. The company disclosed this in a statement made available to the press yesterday. Recall that airlines in Nigeria recently threatened to stop operations due to the rising cost of aviation fuel, reports The PUNCH. Since the advent of […]
•Dangote Refinery The Dangote Petroleum Refinery has taken the federal government to court over fresh fuel import licences issued to oil marketing companies in the country. Despite the refinery’s condemnation and rising domestic refining capacity, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, issued fresh fuel i...
•A fuel attendant pumps petrol into a motorcycle at a fuel station The Trade Union Congress (TUC) is proposing what it calls a “production subsidy” for Dangote Refinery and other modular refineries to help reduce the cost of premium motor spirit (PMS), better known as petrol. TUC president, Festus Osifo, said this last night on […]...
Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) to ₦1,350 per litre, up from ₦1,275. The new increase marks a fresh upward adjustment in Nigeria’s downstream fuel market. A report by Petroleumprice.ng quoting market sources said that the new pricing template has been confirmed, and Proforma Invoice was suspen...
Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions over operational disruptions. In an internal communication to staff, the company said the decision followed an extensive review process ...
Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS) or petrol and Automotive Gas Oil (diesel) following a sharp upward movement tied to international crude market pressure. From $105 per barrel on Monday, Brent crude jumped to $118 yesterday, and to $125 per barrel as of the time of filing this report. […]
•Troops of the Nigerian Army Troops of the Nigerian Army have arrested 15 suspected oil thieves around the Ibeju Lekki axis of Lagos State. This is contained in an operational report made available to our correspondent today on in Abuja, reports NAN. The report revealed that the suspects were apprehended in the early hours of […]
•PETROAN President, Billy Gilly-Harris Oil marketers have called for liberalisation of the downstream sector, where other players with licenses will be allowed to import more Premium Motor Spirit (PMS) or petrol into the country. National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-H...
•TUC President, Comrade Festus Osifo The Trade Union Congress (TUC) has urged the federal government to deploy part of the excess revenue generated from higher-than-benchmarked crude oil prices to subsidise crude supplied to local refineries. TUC President, Comrade Festus Osifo gave the advice today, while briefing the media on State of the Na...
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