In a surprising twist, Africa’s richest man, Aliko Dangote, has revealed that his flagship Dangote Refinery is importing between 9 and 10 million barrels of crude oil monthly from the U.S. and other nations. This admission comes during the West African Refined Fuel Conference in Abuja, and it raises eyebrows since Nigeria is renowned as…
On Wednesday, Dangote Refinery announced a reduction in the ex-depot price of Premium Motor Spirit to N835 per litre, down from N865. The $20 billion refinery communicated this change to its customers in a notice issued on Wednesday morning, reflecting a decrease of N30 in the price of Dangote petrol. Just six days prior, the…
Olabode Sowunmi, Chairman of the Energy Transition Study Group at the Nigerian Gas Association, has cautioned Nigerians against placing excessive expectations on the Dangote Refinery. He emphasized that the refinery is a business venture, not a non-governmental organization (NGO), and its primary goal is to generate profit. During an appearance on Arise Television on Wednesday,…
