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Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N1,275 to N1,250 per litre, citing declining global crude oil prices and market realities in Nigeria’s deregulated downstream petroleum sector.SThe N25 per litre reduction, representing a two per cent decrease, comes amid growing competition among fuel suppliers…
President of the Dangote Group, Aliko Dangote, has disclosed that the company rejected attempts by the Nigerian National Petroleum Company Limited to increase its existing 7.25 per cent stake in the Dangote Petroleum Refinery, which has now exceeded its installed production capacity by processing 661,000 barrels of crude oil per day.He made that known in…
Founder and President of Dangote Industries Limited, Aliko Dangote at the weekend, has pledged to construct a hostel valued at ₦550 million for the students at Federal University of Technology, Owerri, Imo State. He equally made a donation of N25 million to the students of the institution via their Student Union Government. Dangote was at…
Dangote Group ( one of the largest conglomerates in Nigeria) has announced plans to expand its petroleum refinery capacity from 650,000 barrels per day to 1.4 million barrels per day, aimed at boosting local production and tackling the high cost of refined petroleum products in Nigeria. Chairman, Dangote Group of Companies, Aliko Dangote announced this…
Nigerian National Petroleum Limited NNPCL and the Dangote Group have reaffirmed their strategic partnership to strengthening the country’s energy security and economic prosperity. The renewed commitment followed a high-level visit by the Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, and members of the company’s management team to the Dangote Refinery and…