Dangote Refinery Cuts Malta Petrol Imports by 60% Nigeria’s imports of refined petroleum products from Malta have fallen by 60 percent in 2024, highlighting a major shift in the country’s downstream fuel supply landscape as the Dangote Refinery increases its production capacity. Data from TradeMap show...

Northern Industrialists Back 15% Fuel Tariff  Industrialists from Northern Nigeria have welcomed the Federal Government’s decision to impose a 15 per cent import duty on petroleum products, noting that the measure is a strategic move aimed at stimulating local production, enhancing value addition within the...

Tariff Isonu: When Government Becomes the Middleman of Monopoly By Oladapo Ojo In Yoruba, 'Isonu' means something that is wrong , morally off balance, but that people find hard to condemn openly. It’s the kind of wrongdoing that hides behind excuses, wrapped in official statements and...

Dangote Slams DAPPMAN, Declines NNPC Refinery Acquisition   The President of the Dangote Group, Alhaji Aliko Dangote, has rejected suggestions that he could buy one of the moribund government refineries instead of expanding the capacity of his refinery from 650,000 barrels per day to 1.4 million...

Retailers Warn Monopoly Threatens Nigeria’s Oil Market The Petroleum Products Retail Outlets Owners Association of Nigeria has warned against monopolistic practices in the downstream oil sector, saying fair access and open competition are critical to sustaining Nigeria’s deregulated market. Presenting a paper titled “New Frontiers for...

The new President and Chairman of the Board of Directors of the African Export-Import Bank, George Elombi, on Saturday disclosed that Africa’s richest man, Aliko Dangote, is seeking an additional $5bn to expand his refinery in Lagos.