President Bola Tinubu has directed the Nigerian National Petroleum Company Limited (NNPC) to sell crude oil to Dangote Refinery and other upcoming refineries in Naira. This directive aims to stabilize the pump price of refined fuel and the dollar-Naira exchange rate. Bayo Onanuga, the Special Adviser to the President on […]
Dangote Refinery
Nigeria’s optimism for improved availability and lower prices from the Dangote refinery, the country’s first privately-owned entity, was shattered on Friday. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) issued a critical assessment of the refinery, considered one of the largest and most modern globally. Despite the high praise […]
Africa’s wealthiest individual, Aliko Dangote, announced that his refinery has obtained a license to process over 300,000 barrels of Nigerian crude daily. Dangote emphasized the commitment to kickstart refinery operations with Nigerian crude, anticipating the production of gasoline in the near future. In an interview during the […]