Nigeria’s petroleum marketers have revealed that Dangote Refinery will be meeting with them on Tuesday and Wednesday. The Spokesperson of Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu Ukadike disclosed this in an interview with Arise TV on Sunday. According to him, the more actions were taken in terms of petrol distribution, the price of…
Petroleum marketers have indicated that President Bola Tinubu has taken the advice of Aliko Dangote, the President of Dangote Group, by fully removing the petrol subsidy. Billy Gillis-Harry, President of the Petroleum Products Retail Outlets Owners Association (PETROAN), shared this insight during an interview with journalists. His comments followed the recent increase in fuel prices…
Petroleum marketers have stated that the Nigerian government has entirely eliminated the subsidy on Premium Motor Spirit (petrol), which has led the Nigerian National Petroleum Company Limited (NNPCL) to raise the price of petrol to N1,030 and N998 per litre in Abuja and Lagos, respectively. Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of…
President of Dangote Group, Aliko Dangote, has said his 650,000 barrels per day capacity refinery was built without a single incentive from the Nigeria government. Dangote disclosed this at the ongoing Crude Oil Refinery Owners Association of Nigeria Summit in Lagos. The Africa richestman, who was represented by the Executive Director, Dangote Group, Engr Mansur…
The Apapa Port Command of the Nigeria Customs Service said it collected N1.6 trillion in revenue by the end of the third quarter of 2024, compared to the N1.172 trillion collected as total revenue for the year 2023. The Command’s spokesperson, Usman Abubakar, disclosed this in a statement on Monday. Commenting on the development, the…
More problems loom for Nigerians as Nigerian oil marketers have hinted that there may be a fresh Premium Motor Spirit (Petrol) price hike amid escalating tensions between Israel, Iran and other parties. The President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry, disclosed this on Friday in an exclusive interview According to…
ISSUES IN MY COUNTRY WITH LAI OMOTOLA Why Dangote May Not Announce the Price of Fuel. Recently, Dangote Refinery commenced the lifting of premium motors spirit known as petrol. Quite a number of people across Nigeria celebrated the commencement of this lifting. It was a joyous moment when the Minister of Finance came in to…
The presidency has clarified that President Bola Tinubu has not requested Yemi Cardoso to step down from his role as the Governor of the Central Bank of Nigeria (CBN). Bayo Onanuga, the Special Adviser to the President on Information and Strategy, issued a statement refuting claims that Tinubu had ordered Cardoso’s resignation. In a post…
Dangote Refinery has responded to the Nigerian National Petroleum Company Limited (NNPCL), which alleged that it purchased fuel from them at N898 per litre. [Read more here](https://dailypost.ng/2024/09/15/dangote-sold-fuel-to-us-at-n898-per-litre-nnpcl/). In a statement released to newsmen and signed by Anthony Chiejina, the Group Chief Branding and Communications Officer of Dangote Company, the claims were firmly rejected. Chiejina labeled…
ISSUES IN MY COUNTRY WITH LAI OMOTOLA. Topic: Five Reasons Why a Refinery May Never Work in Nigeria. Introduction A lot of independent businessmen and women secured licences and licences to refine crude oil in Nigeria. Motivation for this licence has always been the crude oil. Some even thought that once they secured licences, they…
