The Management of Dangote Petroleum Refinery has strongly refuted a Reuters report suggesting that it is reselling crude oil shipments. The report, published on Wednesday, alleged that technical issues at the refinery had led to the resale of crude from…
Lokpobiri, Minister of State for Petroleum Resources Holds Key Meeting with Dangote, Regulatory Authorities, and NNPC Leadership
Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil) today led a crucial meeting involving top stakeholders to address issues surrounding the Dangote Refinery. Key participants included; Aliko Dangote, Chairman and CEO of Dangote Group; Farouk Ahmed, CEO of…
From 20 to 7.5: Dangote, NNPC in Stalemate Over Refinery Equity Share – IPO on the Horizon
In a surprising twist to the Dangote Refinery saga, disclosures have been made that the supposed 20percent equity investment by NNPCL in the Refinery is actually 7.5percent. This disclosure was made by Aliko Dangote himself at a media briefing earlier…
Dangote Refinery: Aliko Explains How IOCs Frustrate Refinery Project, Sets to Flood Market with PMS Next Month
…………Expands Plant To 5.3 Billion Litres and Offsets $2.4 Billion out of $5.5 Billion loan…… ……..….Lauds Afreximbank and Nigeria’s Access Bank for supporting the project…. Last week in the Bahamas, Aliko Dangote, President of Dangote Group, explained how international oil…
Dangote Refinery Buying More Crude From The U.S
Apparently unable to receive required stock in the domestic market, Dangote refinery the largest in Africa, is set to import crude from the US in the coming months, a sign of just how competitive American barrels have become in the…
Dangote Refinery Secures Licence to Refine 300,000bpd Crude
Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon. “We don’t want to start our refinery with foreign…
We own Obajana Cement plant 100% – Dangote Group
The management of Dangote Industries Ltd. (DIL) says it owns Obajana Cement 100 per cent and its acquisition in 2002 followed due process. The company said this in a statement issued by Mr Anthony Chiejina, Group Head Branding and Communications, DIL,…
Obajana acquisition: Kogi govt. moves to recover Cement Company from Dangote
Kogi State Government of Nigeria moves to recover Obajana Cement (Largest cement facility in Nigeria) from Dangote Cement Group citing irregular and unauthorised sale