IOCs Sell Crude at $4 Per Barrel Above Official Rate, Hike Petrol Price — Dangote The Dangote Industries Limited (DIL) said local petrol prices will continue to increase as trading arms offer cargoes at $2-$4 per barrel above the Nigeria Upstream Petroleum Regulatory Commission (NUPRC)...

FG, IOCs State Commitment Towards Crude Oil Supply to Local Refineries The Federal Government and crude oil producers in Nigeria have committed to working towards a sustainable supply of crude oil to local refineries under a market-determined pricing system. Both parties said the aim of the...

Dangote Flays CBN’s 30% Interest Rate Chairman and Chief Executive of the Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). While addressing the audience during the opening session of a...

Dangote Refinery: Operators Warn of Crude Supply Crisis, Threat to Investments The domestic crude oil supply crisis that recently led to accusations and denials in the oil sector may warrant an investment plunge in the industry, operators declared on Wednesday. According to operators at the Lagos...

Dangote Refinery to Crash Petrol Price, Expands Plant to 5.3bn litres  The President of the Dangote Group, Alhaji Aliko Dangote, declared that the Dangote refinery has a capacity of 5,38 billion litres of tankage capacity, enough to crash current pump prices of Premium Motor Spirit...

AFRICA CEO FORUM: Dangote Calls for more Investments to Propel Africa’s Economic Growth President of the Pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote has called for increased investments in the African continent to foster its rapid growth and development. Speaking at the largest gathering of...