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…
Nigeria’s Dangote Refinery’s premium motor spirit, PMS, has arrived in New York, United States, for the first time. According to Reuters, Sunoco and Vitol organised the shipment on Monday. The delivery on the tanker, Gemini Pearl, marks a major milestone for the 650,000-barrel-per-day Dangote refinery. Reuters reported that an additional shipment of Dangote petrol, which…
Nigerian billionaire businessman, Aliko Dangote, who broke his silence on the brewing dispute between his company and NUPENG, Dangote on manufacturing Dangote fortune Africa’s richest man, Aliko Dangote, has accused powerful ‘oil mafias’ in Nigeria’s oil and gas sector of working relentlessly to destroy his $20 billion Dangote Petroleum Refinery, warning that the same forces…
Dangote Refinery’s newly acquired Compressed Natural Gas (CNG) trucks, on Monday, began loading petroleum products at the facility for direct supply to filling stations nationwide. Our correspondent at the launch of the first batch of the trucks reported that the trucks have begun taking turns at the gantry to load products. The Refinery announced in…
Recent attacks against Dangote Petroleum Refinery from some associations in the oil and gas industry were orchestrated to derail the planned free fuel distribution logistics initiative, the management of Dangote Refinery said last night. It however foreclosed backtracking on the initiative, adding that the attacks lack genuine and patriotic concerns. In a statement last night,…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has accused Dangote Petroleum Refinery of disguising an anti-union and monopolistic agenda under the cover of a planned free petrol distribution scheme. In a statement on Friday signed by National Executive President, Comrade Williams Akporeha, and General Secretary, Comrade Afolabi Olawale, NUPENG alleged that the…
The Dangote refinery is set to commence its free fuel distribution scheme on Monday, starting with Lagos, the South West, Abuja, Kwara, Delta, Rivers, and Edo, respectively. According to the Dangote Group spokesperson, Anthony Chiejina, the scheme will bring relief to millions of Nigerians by providing fuel at reduced prices. The Dangote spokesperson said; “We…
President Bola Tinubu has directed financial and capital market authorities to monitor the increasing use of stablecoins and digital currencies in Nigeria, cautioning that the shift away from traditional banking systems presents emerging challenges that must be proactively managed. Speaking at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers of…