Fuel Price Drops in Lagos, Abuja as Marketers Adjust Rates   Petrol prices yesterday crashed for the first time post-deregulation era. The crash can be attributed to a reduction in ex-depot price of the product announced by the Dangote Refinery from N970 to N899.50 per litre...

Dangote Reduces Petrol Price to N899 Per Litre Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product to N899.50k per litre. This was announced in a statement, on Thursday morning. The company said the decision was taken to “provide much-needed relief for...

How FG Supported Dangote with $1bn Loan to Establish Refinery – NNPCL The Nigerian National Petroleum Company Limited (NNPCL) has revealed that the federal government through the company took a loan of $1 billion to support the Dangote refinery project when it encountered some financial...

'Dangote Refinery Received $1bn Loan from NNPCL'   The Nigerian National Petroleum Company Limited (NNPCL) has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the...

Dangote Refinery Extends Export to Three African Countries The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host...

Dangote Amends Suit, Insists Ban On Fuel Import   The Dangote Petroleum Refinery and Petrochemicals FZE has approached the Federal High Court in Abuja to amend its suit against the Nigerian National Petroleum Company Limited and others to read the actual name of the entity. Recall that...