Tag: Dangote

Marketers Oppose Dangote’s Targets To Lower Cooking Gas Prices in Nigeria

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Marketers Oppose Dangote’s Targets To Lower Cooking Gas Prices in Nigeria

Nigerian business magnate Aliko Dangote has announced a bold plan to reduce the price of cooking gas (LPG) across the country. His refinery, located in Lekki, Lagos, has started producing large volumes of LPG, with a promise to make the product more affordable for everyday Nigerians. However, the announcement has sparked strong reactions from LPG…

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Petroleum, Power and Energy

NNPC Considers Selling Refineries Amid Mounting Doubts Over Viability

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NNPC Considers Selling Refineries Amid Mounting Doubts Over Viability

The Nigerian National Petroleum Company Limited (NNPC) may be moving toward divesting from its traditional refining operations, as its current head, Bayo Ojulari, suggests that the Port Harcourt, Warri, and Kaduna refineries may no longer be viable assets. Speaking during an interview in Vienna, Austria, at the 9th OPEC International Seminar, Ojulari revealed that a…

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How NNPC Scorned Dangote’s $750m Offer To Manage Nigeria’s Refineries – OBJ

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How NNPC Scorned Dangote’s $750m Offer To Manage Nigeria’s Refineries – OBJ

Former Nigeria’s President, Olusegun Obasanjo has told the story of how the Nigerian National Petroleum Corporation (NNPC) turned down a $750 million proposal from billionaire business mogul Aliko Dangote in 2007 to manage the Port Harcourt and Kaduna refineries. Obasanjo disclosed this during an exclusive interview with Channels Television. He explained that although the NNPC,…

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NUPRC To Dangote: We Facilitated 29 Million Barrels Of Crude To Your Refinery

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NUPRC To Dangote: We Facilitated 29 Million Barrels Of Crude To Your Refinery

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disagreed and countered claims by the Dangote Petroleum Refinery and Petrochemicals and other players in the industry that it has been weak in the enforcement of the Domestic Crude Supply Obligation (DCSO) to local refineries. The NUPRC took the position following revelations that it has facilitated the…

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Petroleum

NNPCL, NUPRC and NMDPRA Existed Before Your Refinery, Obey Regulations, Arewa Youths To Dangote

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NNPCL, NUPRC and NMDPRA Existed Before Your Refinery, Obey Regulations, Arewa Youths To Dangote

The Arewa Youth Assembly, AYA, has urged billionaire businessman, Aliko Dangote to respect and obey Nigerian National Petroleum Company Limited, NNPCL as the country’s petroleum industries regulatory body. The group reminded Dangote that before the establishment of his refinery the NNPCL, NUPRC and NMDPRA had been existing as regulatory bodies. “It will be very selfish…

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Instead Of Killing Dangote, Make More Like Him – Emir Sanusi

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Instead Of Killing Dangote, Make More Like Him – Emir Sanusi

The 16th Emir of Kano, Muhammadu Sanusi II, has said that Alhaji Aliko Dangote should not be blamed for buying dollars at lower rates at the time he was building his refinery because that was the actual rate the apex bank was selling to everybody at that time. Sanusi, who commented on the issue through…

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Shettima Meets With Dangote, Elumelu, Others At Presidential Villa

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Shettima Meets With Dangote, Elumelu, Others At Presidential Villa

Vice-President Kashim Shettima is meeting with members of the private sector including the Chairman of the Dangote Group, Mr Aliko Dangote, and the founder of the Tony Elumelu Foundation, Mr Tony Elumelu. The meeting is being held behind closed doors with the Coordinating Minister of Health and Social Welfare, Dr Muhammad Ali Pate in attendance….

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Finance and Economy

Fear Grips NNPC As Dangote Allegedly Struggles To Get Approval To Operate Uncompleted Refinery

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Fear Grips NNPC As Dangote Allegedly Struggles To Get Approval To Operate Uncompleted Refinery

… safety Concerns Mount The Dangote Refinery, a significant undertaking in Nigeria, is enmeshed in new controversy. This time, there is tension between the Nigerian National Petroleum Corporation (NNPC) and Aliko Dangote, Africa’s richest man and owner of the Dangote Group, which has sparked concerns over the safety, quality, and ethics surrounding the refinery. Inside…

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