Backbone Infrastructure Limited (BINL) said it has secured over $50 billion in funding for the construction of a 500,000 barrels-per-day refinery and the development of the Sunshine Free Trade Zone in Ilaje Local Council of Ondo State. The financing, it Read More
Dangote Refinery: Arewa group faults PENGASSAN, urges dialogue
A Northern-based group, Arewa Social Contract Initiatives, has accused the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) of provoking economic sabotage with its call for a shutdown of crude and gas supplies to the Dangote Refinery. The group also Read More
NANS warns NUPENG against disrupting Dangote refinery operations
The National Association of Nigerian Students (NANS) on Friday cautioned the National Union of Petroleum and Natural Gas Workers (NUPENG) against any action that could hinder operations at the Dangote Refinery, describing the project as critical to national economic stability. Read More
Dangote refinery reduces petrol price
The Dangote Refinery on Tuesday announced a reduction in the ex-depot price of petrol from N850 per litre to N820 per litre. The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, in a statement on Tuesday night, said the Read More
Dangote names refinery road after Tinubu, says petrol now 45% cheaper
Aliko Dangote has named the main road leading to the Dangote Refinery after President Bola Tinubu, citing the president’s longstanding contributions to the project and his administration’s support for private sector-led infrastructure. The announcement was made on Thursday during the Read More
Dangote Refinery introduces N10 rebate on petrol purchases
The Dangote Petrochemicals Refinery has implemented a N10 rebate on the price of Premium Motor Spirit (PMS), commonly known as petrol, reducing the effective cost for its customers to N825 per litre. It was gathered on Monday that while marketers Read More
ERA applauds Tinubu’s NNPC shakeup, demands probe of fake refinery deals
The Energy Reforms Advocates (ERA) have praised President Bola Tinubu for his decision to remove Mele Kyari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited. In a statement on Wednesday, Abdulkadri Isah, president Read More
Dangote Refinery becomes key jet fuel supplier to U.S., eyes Europe
Nigeria’s Dangote refinery is making waves in global fuel markets, with its jet fuel exports to the U.S. hitting a two-year high in March, showing its growing influence beyond Africa. Though the U.S. remains a key destination, the refinery is Read More
Boost oil exploration with licenses, financing –Experts urge FG
Some oil and gas experts have called on the Federal Government to take decisive steps to boost crude oil supply in Nigeria. They emphasised the need for allocating more licenses, facilitating new acreage discoveries and improving financing for exploration. The Read More
Prioritise crude oil supply to local refineries, group tells NNPCL
A group of concerned Nigerian citizens has called on the Nigerian National Petroleum Company Limited (NNPCL) to prioritise crude oil supply to local refineries, including the Dangote Refinery, over foreign partners. The group expressed concern over reports that the NNPCL Read More