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Inflation, forex may worsen as Dangote Refinery dumps Naira for dollar pricing
Ziggy Ojegbe Nigeria’s downstream petroleum sector is facing a major policy and commercial shift after Dangote Petroleum Refinery discontinued naira-denominated sales of refined petroleum products, replacing them with dollar-based pricing in a move that could intensify pressure on the foreign…
Marketers, refiners, retailers reject Dangote’s dollar-pricing of petroleum products
Petroleum products marketers, refiners and retailers have expressed displeasure over proposal by the Dangote Petroleum Refinery to sell its products in dollars, as against a naira denominated sales policy. According to the groups, in separate reactions to the Dangote proposal,…
Three marketers seek joining as parties in Dangote’s N100bn against FG over fuel import permits
Three major petroleum products marketers; Matrix Energy, AA Rano and AYM Shafa have applied to be joined as parties to the fresh lawsuit filed by Dangote Petroleum Refinery seeking N100 billion in damages from the Federal Government over the latter’s…
Standard Bank backs Dangote Refinery IPO, expansion
The planned public listing of the Dangote Petroleum Refinery has received a significant boost after Africa’s largest banking group signalled its readiness to play a leading role in the transaction while pledging continued support for the industrial giant’s expansion ambitions…
Dangote Refinery surges past design capacity, records 700,000 bpd milestone
Ziggy Ojiegbe Cost relief remains elusive for Nigerians Dangote Petroleum Refinery & Petrochemicals has raised its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its installed nameplate capacity of 650,000 bpd and marking a significant operational milestone…
DAPPMAN accuses Dangote Refinery of plotting private monopoly in fuel market
Responding to the recent lawsuit filed against the Federal Government by the Dangote Refinery over the former’s decision, last week, to license six companies to import petrol, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has accused the Dangote…
Dangote drags FG to court over fresh petrol import licenses
Barely days after the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) resumed the issuance of petrol import licences to petroleum marketers, the Dangote Refinery has dragged the federal government to court over what it termed ‘policy inconsistency.’ It would be…
Dangote Refinery recalls redeployed engineers
Frank Okon Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions linked to operational disruptions. In internal communication to staff, the company…
Dangote Refinery reaches 87% installed capacity in March
As debate rages over fuel pricing in Nigeria Sopuruchi Onwuka Nigeria’s largest refining facility, the Dangote Petroleum Refinery, reached 87 percent capacity utilization in March, marking its highest operational level since commencing production and signaling a major shift in efficiency…
Dangote refinery holds fuel prices firm amid market turbulence
Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to price stability, confirming that it has not increased the prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as diesel, despite ongoing volatility in global energy…
