President Bola Tinubu commends the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel. It will be recalled that Dangote Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a …
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Nigerian National Petroleum Company Limited (NNPCL) has refuted claims circulating in some sections of the media regarding a purported downward review of fuel prices attributed to the company on Wednesday.Reacting to these reports, NNPCL dismissed them as unfounded, particularly those suggesting a potential reduction in pump prices for Premium Motor …
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The Nigerian Association of Road Transport Owners (NARTO) has suspended its planned nationwide strike. NARTO National President of NARTO, Othman Yusuf, directed members to immediately resume petroleum loading activities after a meeting held in Abuja.It was gathered that the meeting was attended by the Minister of State Petroleum Resources (Oil), …
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The refinery, Africa’s largest with a nameplate capacity of 650,000 barrels per day, was built on a peninsula on the outskirts of the commercial capital Lagos by the continent’s richest man Aliko Dangote. Nigeria has for years relied on expensive imports for nearly all the fuel it consumes but the …
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The Nigerian National Petroleum Company (NNPC) Limited have collaborated with the Central Bank of Nigeria (CBN) to set limits for the management of the oil firm’s revenue. The limit was set following a meeting between the CBN Governor, Olayemi Cardoso and the NNPCL Group Chief Executive Officer, Mele Kyari, in …
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Pump prices of Premium Motor Spirit (PMS) petrol will moderate this year as government and private-owned refineries begin operation, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso has said. Cardoso spoke on Wednesday, January 24, 2024 at the launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report …
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In a big boost towards achieving Nigeria’s energy refining capacity and security, Nigeria’s Dangote refinery has received its next one-million-barrel crude oil cargo from Shell International Trading and Shipping Company Limited (STASCO), bringing the total to three million barrels at the facility’s Single-Point Mooring.Media investigation by The Commerce Africa that …
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Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …
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Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …
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Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …
Read More »
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