Tag Archives: Refinery

The Chairman of Dangote Group, Alhaji Aliko Dangote, has assured Nigerians that the first petrol from the Dangote refinery will hit the Nigerian market by end of July/ beginning of August 2023. Dangote gave the assurance in his remarks at the official inauguration of the 650,000 barrels per day refinery complex in Ibeju-Lekki, Monday. He said the facility has a ...

Africa richest man, Aliko Dangote has said that Dangote Refinance located at Lekki Lagos was not part of the projects President Mohammadu Buhari commissioned in his visit to Lagos. The prominent entrepreneur made this known in a press release by his media department. Here is the press statement: Our attention has been drawn to some misleading reports regarding the commissioning ...

A new report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his refinery by 2023. The report published by Fitch, the world’s biggest global rating agency, alleges that the Nigerian billionaire requires an additional $1.1 billion (900 billion) to complete the refinery but has invested all his cash and even borrowed ...

The Nigerian National Petroleum Corporation (NNPC) has explained that the government firm in engaging in equity participation in some private refineries. The corporation noted that the move is on  in line with a Federal Government’s policy directive which states the mandatory participation of the corporation in any private refinery that exceeds 50,000 barrels per day It was learnt that the  ...

President Muhammadu Buhari has said it was disgraceful that no Nigerian refinery currently performs up to 50 per cent capacity. He recalled that during his tenure as a military Head of State, all the nation’s refineries were working. According to a statement by his Special Adviser on Media and Publicity, Femi Adesina, Buhari spoke when he received a delegation from ...