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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
With exactly a week to go in his presidency, President Muhammadu Buhari on May 22, 2023, inaugurated the Dangote Refinery, a 650,000 barrels per day facility reputed to be the largest Single-Train petroleum refinery in the world. There was pomp and circumstance as the refinery reportedly came on board, but as it would later turn…
In what appears a major shift from previous clam by the Dangote Refinery company, the Group Chief Strategy Officer, Dangote Refinery and Petrochemicals Company, Aliyu Suleiman on Wednesday, stated that 60 per cent of the crude supplied to the refinery was done by the Nigerian National Petroleum Company Limited. Aliyu made the submission during an…
Dr. Rueben Abati, a veteran journalist and former Senior Adviser on Media and Publicity to former President Goodluck Jonathan, on Monday, dismissed call by a fragment of the House of Representatives to sack the Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Mallam Mele Kyari. Abati, the lead anchor in the popular Arise…
Following a comprehensive analysis of data sourced from certified laboratory results and delivery records, Abuja based Newspaoer, Politics Nigeria, reports that the diesel fuel from Dangote Refinery contains high sulphur content at least 400 percent higher than European Union (EU) standards. Recall that Aliko Dangote, the CEO of Dangote Refinery, had, last month, claimed that…