Marketers Demand N1.5 Trillion Subsidy To Match Our Gantry Price — Dangote Refinery

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…

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Nigeria’s Dangote Refinery Petrol Lands In US For First Time

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…

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Dangote Accuses Oil Sector Mafias Of Plotting To ‘Kill’ Refinery 

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…

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No Going Back On Free Fuel Distribution – Dangote

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,…

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FLASH: NUPENG Uncovers Dangote’s Underlying Plan Under Free Petrol Distribution

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…

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FLASH: Tinubu Orders Regulatory Watch, Monitoring Of Digital Currencies

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…

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