Tag: REFINERY

  • DANGOTE ANNOUNCES NIGERIANS TO HAVE OWNERSHIP IN HIS $20BN REFINERY

    DANGOTE ANNOUNCES NIGERIANS TO HAVE OWNERSHIP IN HIS $20BN REFINERY

    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…

  • NNPC REJECTS SALE OF PORT HARCOURT REFINERY

    NNPC REJECTS SALE OF PORT HARCOURT REFINERY

    Nigerian National Petroleum Company Limited (NNPC Ltd) has officially ruled out the sale of the Port Harcourt Refining Company, committing instead to its full rehabilitation and long-term retention. This announcement, made by Group CEO Bayo Ojulari during a town hall meeting, ends speculation sparked by his earlier comment at the 2025 OPEC Seminar suggesting “all…

  • DANGOTE REFINERY WITHDRAWS LAWSUIT AGAINST NMDPRA, NNPCL AND 5 OTHER PETROLEUM COMPANIES

    DANGOTE REFINERY WITHDRAWS LAWSUIT AGAINST NMDPRA, NNPCL AND 5 OTHER PETROLEUM COMPANIES

    Dangote Petroleum Refinery and Petrochemicals has officially withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and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…