Dangote Refinery has reduced its ex-depot price for Liquefied Petroleum Gas (LPG), commonly known as cooking gas, by ₦50. GISTSMATE MEDIA reports that Dangote lowered its price from ₦810 per kilogram, which was obtainable last week, to a current price of ₦760 per kilogram. A market comparison shows that both Matrix and Ardova depots have…
The Central Bank of Nigeria has introduced new operational guidelines for agent banking across the country, capping daily cumulative transactions per agent at N1.2 million. The revised framework, released on Monday, also mandates all financial institutions to submit monthly reports on the activities of their Point-of-Sale agents to enhance oversight and service quality. The Circular…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has shut down the Dangote Refinery Plant. The association shut down the plant on Sunday morning. According to a status update by the association, the workers also shut down the facility’s fertiliser plant. It said while the refinery plant is 100% shut down, the…
The Dangote Petroleum Refinery has announced the resumption of petrol sales in naira, effective immediately. The company in a public notice to its customers, titled “Resumption of DPRP PMS Naira Sales” said the decision comes after intervention by the Naira for Crude Technical Committee chairman. The refinery informed its customers that they can now place…
GISTSMATE MEDIA reports that the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered an immediate suspension of gas supply to the Dangote Petroleum Refinery. The latest development has escalated the growing labour dispute with the company. In a letter dated September 26 and signed by the union’s General Secretary, Comrade Lumumba…
LThe Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, a move that has unsettled marketers and raised fresh concerns about fuel pricing and foreign exchange pressure. In an email sent to its customers at exactly 6:42 pm on Friday, the refinery disclosed that the decision would take effect from Sunday, September…
The Dangote Petroleum Refinery has said that more than 3,000 Nigerians remain in active employment at its $20bn facility, despite an ongoing reorganisation of its workforce. In a statement on Friday, the management dismissed reports of mass sackings, clarifying that only a “very small number” of staff were affected by the exercise, which it said…
Running a business today comes with both excitement and pressure. On one hand, social media gives you a platform where millions of people can discover your brand. On the other hand, the competition is intense, algorithms keep changing, and it sometimes feels like you’re just shouting into space. If you’ve ever felt that way, you’re…
Dangote Petroleum Refinery has disclosed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) demanded an annual subsidy of N1.505 trillion to enable members to match the refinery’s gantry prices at their own depots. The refinery disclosed that although it offers petroleum products to marketers at its gantry price, DAPPMAN insists on taking…
Aliko Dangote, founder and president/chief executive of the Dangote Group, says he believes that the Ajaokuta steel company will never work. Mr Dangote, in a video shared on the TVC X handle on Tuesday, emphasised the importance of a thriving steel industry for national development but believes Ajaokuta’s challenges make its success unlikely. He likened…