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Naira for crude policy crumbles, Dangote begins sale in dollars
Sopuruchi Onwuka The highly applauded Naira-for-crude programme which was severally advertised on industry policy platforms as one of the most credible economic stabilization interventions of the current administration of the federal government to contain galloping inflation may have collapsed. Nigeria’s…
Price reduction: Dangote refunds N16 bn to MRS, Heyden, AP
Sopuruchi Onwuka Dangote Petroleum Refinery & Petrochemicals has declared a N16 billion refund to its primary offtakers in the domestic petroleum market as it marks down pump prices petrol from supply source. According to a statement released by the refiner,…
Dangote Refinery pledges price cushion for domestic fuel market
Sopuruchi Onwuka Nigeria’s largest private fuel producer, Dangote Petroleum Refinery, has pledged to continue providing price cushion for the domestic market despite the prevailing volatility in the international prices of crude oil. The company stated at the weekend that it…
No respite on fuel price despite the Dangote Refinery hype __Regulator
Sopuruchi Onwuka Despite the entire hullabaloo about Dangote Refinery and its influence in securing obligated crude oil supplies to local refineries, there will be no price reduction when all domestic refineries start producing petrol. One of the regulators in the…
NNPC Limited quietly cedes 12.8% stake in Dangote Refinery
Sopuruchi Onwuka Government has silently accepted to whittle down the country’s 20 percent financial stake in the hyped Dangote Refinery, digging up more questions over the controversial deal which was sold to Nigerians as low hanging fruit for cheaper and…
