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.

Dangote Refinery to List 10% Stake on NGX President of the Dangote Group, Aliko Dangote, has announced plans to list between five and 10 per cent of the Dangote Refinery on the Nigerian Exchange within the next year, a strategic move designed to attract new...

Dangote to Expand Refinery Capacity to 1.4m Barrels Daily President of the Dangote Group, Aliko Dangote, has unveiled plans to expand the company’s oil refinery from its current 650,000 barrels per day capacity to 1.4 million barrels, positioning it as the largest in the world. Dangote...

FG Backs Naira-for-Crude Sale with Local Refiners The Federal Government has reaffirmed its commitment to sustaining the Naira-for-crude oil sale agreement with local refiners as part of its broader policy to reduce the cost of fuel production and strengthen the domestic refining sector. The Minister of...