Stock Market Rally Shows Improving Economy, Says Tinubu President Bola Tinubu on Tuesday said the sustained rally at the Nigerian Exchange reflects growing investor confidence and the improving health of the Nigerian economy, as the Federal Government unveiled the National Industrial Policy 2025 in Abuja. The...

Dangote Refinery Reaches 650,000bpd Full Capacity - MD The Dangote Petroleum Refinery has reached its full nameplate capacity of 650,000 barrels per day following the restoration and optimisation of its Crude Distillation Unit and Motor Spirit production block, marking what the company describes as a...

Dangote Refinery Accuses Saboteurs of Plot to Undermine $20bn Facility Dangote Petroleum Refinery has accused “unpatriotic and unscrupulous individuals” of orchestrating a sophisticated misinformation campaign designed to undermine the $20 billion facility and preserve the country’s dependency on fuel imports, a trade that has enriched...

Dangote Refinery Cuts Petrol Price by ₦25 to ₦774 per Litre Dangote Petroleum Refinery has reduced the gantry price of premium motor spirit (PMS), commonly known as petrol, by N25 per litre, lowering the ex-depot rate from N799 to N774 per litre. The price cut was...

Dangote Group’s Vice President Bags Person of the Year Award Vice President (Oil & Gas) of Dangote Industries Limited, Devakumar V. G. Edwin, has been honoured with the prestigious Person of the Year award at the 9th Annual Award and Lecture of the Daily Asset...

Dangote Refinery Not Importing Fuel, Says MD The Managing Director of the Dangote Petroleum Refinery, David Bird, has said that the $20bn facility is not importing finished petroleum products, explaining that the refinery operates a merchant refining model that does not rely solely on crude...