Dangote Refinery
Dangote, NNPC Partner to Boost Nigeria’s Economic Growth
In a significant step toward enhancing Nigeria’s energy security and boosting economic development, the President/CEO of Dangote Group, Aliko Dangote, on Thursday, May 8, 2025, paid a courtesy visit to the newly appointed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, at the NNPC Towers in […]
Dangote: Cabals Still Sabotaging Our Refinery Efforts
Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has raised fresh concerns over ongoing sabotage attempts against his $20 billion refinery in Lekki, Lagos, blaming entrenched interests profiting from Nigeria’s decades-long dependence on fuel importation. Speaking at an investor forum in Lagos on Friday, Dangote declared that while the fight to operationalize […]
Petrol Landing Cost Now N870, Exceeds Dangote Price
The cost of importing Premium Motor Spirit (PMS), commonly known as petrol, has surged to an average of N870 per litre, reports from the Major Energies Marketers Association of Nigeria (MEMAN) revealed. This new development has resulted in the landing cost of petrol exceeding the price offered by the Dangote Petroleum Refinery, which has been […]
NNPCL Crude Sales to Dangote, Others Hit N336bn – Report Reveals
In a significant development for Nigeria’s oil and gas sector, the Nigerian National Petroleum Company Limited (NNPCL) raked in N336.37 billion from crude oil sales in the first quarter of 2025, with the Dangote Petroleum Refinery alone accounting for more than 32% of the total, amounting to N107.44 billion. This disclosure comes from internal NNPCL […]
Tinubu Felicitates Dangote at 68th
President Bola Ahmed Tinubu has extended warm congratulations to Africa’s foremost industrialist, Alhaji Aliko Dangote, on the occasion of his 68th birthday. In a heartfelt tribute, the President described Dangote as an enduring symbol of African enterprise and a beacon of hope for Nigeria’s economic future. The message, delivered through a statement by his Special […]
Fuel Prices Set to Drop as FEC Approves Naira-for-Crude Oil Deal
In a move that could significantly reduce the cost of petrol across Nigeria, the Federal Executive Council (FEC) has directed the full reinstatement of the naira-for-crude policy. This decision signals a renewed commitment to local refining. It also indicates a shift away from dollar-dependent fuel transactions. Industry stakeholders and market experts have welcomed this decision, […]
FEC Approves Full Implementation of Naira-for-Crude Oil Deal
The Federal Executive Council (FEC) has taken decisive action to strengthen Nigeria’s economic resilience. They directed the full implementation of the Naira-for-Crude Oil policy. This move revives the suspended agreement between the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL). It also includes local refiners, such as the Dangote Petroleum Refinery. The Ministry […]
Naira-for-Crude Program: FG, Dangote Refinery Engage in Talks
The Federal Government and Dangote Refinery are set to engage in talks over the renewal of the Naira-for-Crude deal, which expired on March 31, 2025. The development comes as the refinery imported approximately 12.6 million barrels of crude oil in the first quarter of 2025, according to a report by S&P Global. The Naira-for-Crude deal […]
Fuel Price to Rise as Naira-for-Crude Swap Deal Falters
The Nigerian government’s negotiations with the Dangote refinery over the naira-for-crude deal have stalled, sparking fears of a petrol price hikeFuel Price to Rise as Naira-for-Crude Swap Deal Falters in the coming days. The development comes as import costs continue to soar, with the landing cost of Premium Motor Spirit (PMS) increasing by N88 per […]
Naira-for-Crude: Marketers kicks against Dollar-for-Petrol Policy
Nigeria’s petroleum market is on the brink of chaos as marketers reject the Dollar-for-petrol policy introduced by the Dangote Refinery. The policy requires marketers to pay for petroleum products in dollars. It has been met with fierce resistance. Marketers argue that it will lead to a sharp increase in fuel prices. They also believe it […]