Tag: dangote
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Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has announced that it will proceed with strike starting today Monday, despite efforts by the Federal Government to mediate. NUPENG’s President, Williams Akporeha, confirmed that while the government had reached out to address their concerns, the union’s industrial action would go ahead pending a meeting scheduled…
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Dangote Petroleum Refinery is set to begin its direct fuel distribution soon, with 1,000 CNG-powered trucks already arrived in Nigeria, out of an expected 4,000. The remaining trucks are arriving gradually, with all expected to be in Nigeria by the end of September, despite logistical challenges in China and shipping delays. While the initial distribution…
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Indian state refiners, such as Indian Oil Corporation and Bharat Petroleum, are increasingly purchasing Nigerian crude oil, with recent deals for millions of barrels for September and October deliveries, shifting away from Russian crude due to U.S. pressure. Meanwhile, Nigeria’s Dangote Petroleum Refinery, despite being Africa’s largest, is heavily reliant on U.S. crude imports, which…
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Dangote Refinery has announced the delivery of its first shipment of compressed natural gas trucks, starting August 15, 2025, to support nationwide supply of premium motor spirit and automotive gas oil. The N720 billion investment aims to transform Nigeria’s fuel distribution by lowering logistics costs and improving supply efficiency, according to spokesperson Anthony Chijiena.
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President of Dangote Group Alhaji Aliko Dangote has announced that Nigerians will soon have the opportunity to become shareholders in his $20 billion refinery in Lekki, Lagos. This announcement was made at the Global Commodity Insights Conference in Abuja, where Dangote emphasized his commitment to partnering with African governments, private investors, and institutions. He highlighted…
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Importers of petrol in Nigeria have lowered their prices below those offered by the Dangote Petroleum Refinery, sparking increased competition. While Dangote’s refinery sells at around N820 many importers are reducing prices to stay competitive, with some depots selling at N815 per litre. Dangote has however, criticized this price competition, claiming it undermines…
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Dangote Petroleum Refinery and Petrochemicals has officially withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum companies. The case, filed at the Federal High Court Abuja, sought ₦100 billion in damages and challenged NMDPRA’s issuance of import licenses to certain…
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President of Dangote Industries, Aliko Dangote has called on wealthy Nigerians and African entrepreneurs to invest in Nigeria and the continent, emphasizing that significant investments are essential for growth and development. He criticized the practice of stashing wealth abroad, noting that other nations invest ill-gotten funds locally to boost their economies. Dangote highlighted his $20bn…
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President of the Dangote Group, Alhaji Aliko Dangote has expressed skepticism about the likelihood of Nigeria’s state-owned Port Harcourt, Warri, and Kaduna refineries becoming operational again, citing that they have cost the government around $18 billion without producing any results. Speaking after a tour of his own 650,000-capacity Dangote Petroleum Refinery in Lagos, he highlighted…
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Dangote Petroleum Refinery plans to cease importing crude oil by December 2025, shifting entirely to local Nigerian crude. Currently, the refinery, which processes around 550,000 barrels daily, sources approximately 53% of its crude domestically and 47% from the U.S. as of June. Contracts with foreign suppliers are expiring, and the company expects to fully transition…
