Dangote Refinery on Sunday said it sells its petrol at N960 per litre into ships and N990 per litre into trucks. The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, disclosed this in a statement on Sunday. The company made this known in reaction to a claim by the marketers that the refinery’s prices … Read more
Traffic jams are so bad and regular in the Nigerian’s city of Lagos that small businesses have cropped up around them to serve weary drivers with food, drink, household items and even international currency exchanges. As Africa’s biggest city, cars are often bumper to bumper with noise and pollution an issue. The traffic jams are … Read more
The Nigerian National Petroleum Company Limited (NNPC Ltd) on Saturday said it is not the sole offtaker of all products from the Dangote Refinery. It said the refinery is free to sell its petrol to any marketer. Olufemi Soneye, the chief corporate communications officer of NNPC Ltd, disclosed this in a statement on Saturday. The … Read more
The 650,000 barrels per day Dangote Refinery has begun the processing of petrol, an official has said. The Nigerian National Petroleum Company Limited (NNPC Ltd) would buy its products exclusively, Reuters reported Monday, quoting an official of the company. “We are testing the product (petrol), and subsequently, it will start flowing into the product tanks,” … Read more
The House of Representatives has called for the suspension of the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA), Farouk Ahmed, over his comments on the quality of products from Dangote refinery. This resolution followed a motion moved on Tuesday by Esosa Iyawe (LP, Edo) during plenary. Mr Ahmed claimed diesel … Read more
Peter Obi, presidential candidate of the Labour Party in the 2023 election, has urged the Nigerian government to address concerns raised about the interest rates and reverse key monetary policies. In a statement posted on his X handle, Mr Obi highlighted the detrimental impact of the Central Bank of Nigeria’s (CBN) interest rate hikes on … Read more
President Bola Tinubu on Sunday met with members of the organised private sector and some state governors to discuss the state of the Nigerian economy and the biting hardship Nigerians are currently facing. The meeting which had some state governors in attendance also discussed the crumbling rate of the Naira to the Dollar. Members of … Read more
South Africa’s luxury goods tycoon Johann Rupert and his family have taken the crown as Africa’s top billionaire after Nigeria’s Aliko Dangote lost the prime spot. According to the latest Forbes billionaire ranking, Mr Rupert and his family are currently the 201st wealthiest in the world, while Mr Dangote is the 219th. The valuation of … Read more
