dangote
Nigeria’s petroleum sector was thrown into fresh uncertainty on Wednesday following the resignation of the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, and his counterpart at the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, amid the deepening controversy triggered by allegations and a petition filed by the President of […]
The Chairman of Dangote Group, Aliko Dangote, has submitted a petition against the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk, to the Independent Corrupt Practices and other Related Offences Commission (ICPC), accusing him of corruption and financial impropriety. In the petition submitted on December 16, Dangote demanded the […]
Nigeria’s downstream petroleum sector has descended into what industry players describe as a full-blown price war following the decision by the Dangote Petroleum Refinery to slash the gantry price of Premium Motor Spirit (petrol). The move has triggered massive losses for fuel importers, depot owners, and retail marketers, even as the refinery itself admits it […]
The Dangote Petroleum Refinery has again reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per liter. Real-time market data published on Petroleumprice.ng on Friday showed that the refinery implemented another major downward review, cutting the Premium Motor Spirit benchmark price by N129 per liter — a 15.58 per cent reduction. […]
The Dangote Petroleum Refinery has denied a viral video suggesting it is working with a company to distribute petrol through dispatch riders. The company informed our correspondent on Sunday that it has no connection to the video and is unaware of its origin. In the video, which circulated online on Sunday, a man attempting to […]
Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per liter following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel imports. The new policy, which takes effect after a 30-day transition period expected to end on 21 November 2025, […]
The House of Representatives on Tuesday resolved to intervene in the recent face-off between members of the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Dangote Refinery, which had disrupted petroleum product distribution nationwide. The resolution of the House followed the consideration and adoption of a motion of urgent public importance co-sponsored […]
Retailers of cooking gas say the prices of the essential commodity have come down from N2,000 per kilogramme in the past three weeks, selling between N1,300 and N1,500 over the weekend. The retailers said this is a significant improvement, as the liquefied petroleum gas is now relatively available for retailers and consumers. Chairman of the […]
The President/Chief Executive of Dangote Industries Limited, Aliko Dangote, and the Manufacturers Association of Nigeria have called on the Federal Government to amend the Public Procurement Act to embed the Nigeria First Policy and link budgetary releases to verified compliance with local content targets. Dangote made the call on Thursday in Lagos while delivering the […]
Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery has set a target to release up to 600 million litres of petrol monthly as part of efforts to stabilise supply in the domestic market and ease the recent surge in pump prices. It said the new distribution framework is been finalised with 20 selected […]
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