Shocker: Dangote Sells Fuel Refined From Crude Oil Bought In Naira To Foreign Markets In Dollars – Bloomberg Report

Shocker: Dangote Sells Fuel Refined From Crude Oil Bought In Naira To Foreign Markets In Dollars – Bloomberg Report

Investigation reveals that ɓusinessman, Aliko Dangote has signed a contract with Vitoil for 5 cargoes of 38,000 metric tonnes per cargo. One of them is the CL Jane Austen tracked by bloomberg. The Dangote Refinery has altered the federal government’s petrol supply plan as it began the sale of fuel in dollars to the foreign…

Agboworin urges stakeholders to combat drug abuse in North Central

Agboworin urges stakeholders to combat drug abuse in North Central

The House of Representatives Committee on Narcotic Drugs, on Wednesday, raised concerns over the alarming rate of drug abuse among youths and women in the North Central region of the country. The committee called on stakeholders in the region to take urgent and proactive steps to tackle the growing menace, which they described as “a…

Ex-DSP Omo-Agege accused of sponsoring political hatchet man to inflict mayhem on agrarian community 

Ex-DSP Omo-Agege accused of sponsoring political hatchet man to inflict mayhem on agrarian community 

…Police Commissioner silent over matter Violence has erupted in Onicha Olona, an agrarian community in Aniocha North Local Government Area of Delta State, where one Mr Jerry Nkeweshe, a land grabber allegedly assaulted and killed 64-year-old man, Mr May Anwuzia, the Community town crier. Sources in the community told THEWILL that Ishiekpe Quarters Onicha Olona…

CIBN condemns media attack on Nigerian banks, says ‘banking sector a source of national pride’

CIBN condemns media attack on Nigerian banks, says ‘banking sector a source of national pride’

The Chartered Institute of Bankers of Nigeria and the Body of Banks CEOs in Nigeria wish to express their concern over the persistent social media criticisms targeted at Nigerian banks. It is essential to highlight the significance and contributions of the banking sector, which remains one of the most regulated and integral parts of Nigeria’s…

REVEALED: NNPC adjusts petrol price over Dangote refinery’s ex-depot amount

REVEALED: NNPC adjusts petrol price over Dangote refinery’s ex-depot amount

A litre of premium motor spirit (PMS) popularly called petrol has hit N977 at the Dangote Refinery, major supplier of the product to the Nigerian National Petroleum Company Limited (NNPCL), Platforms Africa can report authoritatively. Findings exclusively conducted by this reputable media group showed that this has led to the adjustment in pump ptice by…

Dangote Goofs Again, PMS Not 40 Per Cent Cheaper In Nigeria Than Saudi Arabia

Dangote Goofs Again, PMS Not 40 Per Cent Cheaper In Nigeria Than Saudi Arabia

Founder of Dangote Refinery, Alhaji Aliko Dangote, stirred controversy and disbelief among oil industry statistics pundits when he declared that Premium Motor Spirit (PMS) popularly known as petrol is cheaper in Nigeria than in Saudi Arabia. The billionaire, who said this in an interview with Bloomberg, claimed that the product is 40% cheaper in Nigeria…

Dangote Advocates For Fuel Price Increase

Dangote Advocates For Fuel Price Increase

The Chairman of Dangote Group, Aluko Dangote, has suggested that fuel prices in Nigeria should be increased to reflect current production costs. This statement comes amid ongoing debates about fuel subsidy removal and pricing dynamics in the country, saying the time is right for the federal government to stop petrol subsidy. Recall Tinubu had, on…

Blackmail Scandal: BusinessDay Publisher’s Desperate Bid For NNPC Funds Exposed

Blackmail Scandal: BusinessDay Publisher’s Desperate Bid For NNPC Funds Exposed

All is not quite well in the BusinessDay newsroom as editors are constantly under pressure to concoct one negative NNPC story after another whether based on facts or not. MoneyCentral learnt that the BusinessDay Publisher, one Mr Frank Aigbogun, instructed his Editors to go on wild Negative story fishing expeditions after his requests from the…

Petrol Price Negotiated By NNPC Aims At Ensuring Access To Fuel For Nigerians, Says Yoruba Stakeholders Assembly

Petrol Price Negotiated By NNPC Aims At Ensuring Access To Fuel For Nigerians, Says Yoruba Stakeholders Assembly

A socio-cultural group, Yoruba Stakeholders Assembly, has reacted to the recent misinformation surrounding the pricing of Premium Motor Spirit (PMS) in the country, commending the efforts of the Nigerian National Petroluem Company at stabilizing the price. The Group, which is committed to transparency, accountability and fostering an informed citizenry in Nigeria, noted that it is…

Uncertainty Grips Nigeria as Dangote Refinery Falls Short Of Expectations In 25m Litres Fuel Supply

Uncertainty Grips Nigeria as Dangote Refinery Falls Short Of Expectations In 25m Litres Fuel Supply

Concerns are beginning to mount in Nigeria’s energy sector as Dangote Refinery, the highly-anticipated facility touted as a game-changer for the country’s fuel production, has failed to meet its 25m fuel supply obligations to the Nigerian National Petroleum Company Limited (NNPC Ltd). This newspaper recalls that Dangote Refinery and Petrochemicals finally commenced lifting of its…

NNPC Ltd and challenges in the oil sector: Banire misconceives the facts, promotes biased views

NNPC Ltd and challenges in the oil sector: Banire misconceives the facts, promotes biased views

By Olufemi Soneye In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), for everything. Last week, it was Prof. Pat Utomi who railed and fumed at the…

Stop Going Back And Forth, Make Petrol Available To Nigerians As Promised – Group Calls Out Dangote

Stop Going Back And Forth, Make Petrol Available To Nigerians As Promised – Group Calls Out Dangote

The Justice Action Alliance (JAA) has called out the Dangote Refinery to be transparent about its dealings, especially on petrol, saying that Nigerians are tired of the confusion trailing the availability and pricing of the product from the private refinery. Dangote Refinery had, on Tuesday, revealed that the Federal Executive Council would be the one…

Chukwu: NNPCL Dividends, Taxes To Ease FG’s Financial Strains

Chukwu: NNPCL Dividends, Taxes To Ease FG’s Financial Strains

The Chief Executive Officer of Cowry Assets Management Ltd, Jonhson Chukwu has said that the dividend and taxes paid by the Nigerian National Petroleum Company Ltd will reduce the financial burden of the federal government. Chukwu said this in response to the record performance of the state-owned company after it released its financial accounts for…

Flashback: How Ikenga Ugochinyere almost fraudulently scuttled APC registration in 2013, by Kumbi Aderibigbe

Flashback: How Ikenga Ugochinyere almost fraudulently scuttled APC registration in 2013, by Kumbi Aderibigbe

For many Nigerians watching the unfolding drama around the dissolution of the Special Investigative Committee set to probe the face-off between billionaire businessman, Alhaji Aliko Dangote and his refinery on one side, and the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA ) on the other, the involvement…

Why Reps must investigate Ugochinyere-led scandalous agenda, committee’s interest in Dangote Refinery- Ohaneze

Why Reps must investigate Ugochinyere-led scandalous agenda, committee’s interest in Dangote Refinery- Ohaneze

A Pressure Group in the South East, Ohaneze Think Tank, has called on the House of Representatives to investigate the activities of the disbanded Ugochinyere led committee investigating the NNPCL under Engr Mele Kyari. The Think Tank Group described the 15-man committee as scandalous, which must be investigated forthwith, adding that Ugochinyere and his cohorts…