•Bashir Ojulari (L) and Ahmadu Kida (R) Yesterday’s overhaul of Nigeria’s state-run oil company NNPCL did not come as a surprise to keen observers who have vociferously pressed for reforms in the upstream and downstream sectors after the epochal birthing of the Petroleum Industry Act (PIA) 2021, and the subsequent commercialisation of the stat...
•Fuel pump The Dangote Petroleum Refinery has temporarily halted the sales of petroleum products in naira as the naira-for-crude talks between the $20 billion Lekki-based plant and the Nigerian National Petroleum Company Limited appear to have failed. Following the announcement of the halt in petroleum products’ sales in naira by the Dangote r...
•Dangote and Amosun The former governor of Ogun State, Senator Ibikunle Amosun, has dismissed as deliberate mischief the claim by the President of Dangote Group, Alhaji Aliko Dangote, that his cement factory was demolished twice during his (Amosun) administration. Dangote had, while revealing plans to reconstruct Itori Cement Plant and also re...
•Aliko Dangote President of Dangote Industries Limited, Alhaji Aliko Dangote, has said he is currently resting after delivering his refinery project. The 650,000-barrel refinery and petrochemicals project worth over $20bn has come to disrupt the oil and gas market in Africa and the world even as the refinery now exports refined products to oth...
•NNPCL trucks lining up for petrol loading at the Dangote Refinery A renowned economist, Paul Alaje, says the ongoing price war between the Dangote Refinery and the Nigerian National Petroleum Company (NNPC) Limited will “erode abnormal profit” enjoyed by capitalists. “You may want to call it a price war but in economics, when a duopoly [&hell...
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. This came as stakeholders insisted that unless ...
•Dangote Refinery Importers of petroleum products have lamented the repeated reduction of petrol prices by the Dangote Petroleum Refinery. Some of the importers said dealers might be compelled to sell below their cost prices as consumers would only buy from where petrol is cheaper, reports The PUNCH. Yesterday, the Dangote refinery announced a...
•Dangote Social media users have continued to react differently to the latest reduction in the ex-depot price of Premium Motor Spirit (PMS), also known as petrol by Dangote Petroleum Refinery. Dangote Refinery, yesterday, announced that the ex-depot price of its petrol had been reduced from N890 to N825 per litre, reports Nigerian Tribune. Acc...
•Tinubu (left) and IBB (right) at the book presentation and presidential library launch yesterday The Chairman of Dangote Group, Aliko Dangote, and Chairman of BUA Group, Abdulsamad Rabiu, were part of the dignitaries that raised billions of naira for the establishment of a presidential library for former military president, Ibrahim Babangida...
•Oil marketers Some oil marketers are beginning to change the logo of the Nigerian National Petroleum Company Limited on their filling stations, as the dealers dump the franchise deals with NNPCL due to the stiff competition in the prices of refined products in the downstream arm of the oil sector. It was gathered that many […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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