By Yinka Kolawole A new African industrial giant  is emerging from the Lekki coastline of Lagos, the Dangote Refinery project, an integrated refinery and petrochemical complex, which is a multi-billion dollar project that is expected to create a market for $11 billion per annum of Nigerian crude. At full production, the complex will have an […]

By Callistus Uzoma IT is remarkable that the Nigerian National Petroleum Corporation, NNPC, is undergoing profound transformation at a time of perceived corporate despondency with national economic implications. Most significant of the positive indicators is the elevation to its top job of Mele Kolo Kyari, arguably the first thoroughbred professional of the extractive industry to […]

The Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, yesterday explained why the national oil company was purchasing a stake in Dangote oil refinery, saying it was for both energy and fiscal security of the country.

By Obas Esiedesa The Nigerian National Petroleum Corporation, NNPC, has moved to explain its recent bid to acquire 20 percent stake in the 650,000 barrels per day Dangote Refinery in Lagos, citing the need to ensure energy security for the country. The corporation in a statement its Group General Manager Group Public Affairs Division, Dr. […]

 Legal luminary and Senior Advocate of Nigeria, Chief Femi Falana has berated the federal government over its inability to build a functional refinery to address the lingering crisis in regulating fuel prices in the country.

THE Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery.

By Udeme Akpan THE Federal Government has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira. This is part of measures adopted to strengthen the currency and by extension the nation’s economy. The governor, Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, who visited, Saturday, to inspect the ongoing construction […]

By Udeme Akpan Despite the harsh operating environment in the country, occasioned by the dearth of adequate infrastructure, the Dangote Refinery has pledged commitment to research and technology. Speaking during a study tour of the Research and Development Steering Committee of the Tertiary Education Trust Fund (TETFUND) to the Dangote Refinery, Petrochemicals and Fertiliser projects […]

South-West Governors on Sunday met in Lagos to strategise on improved security in the region following to the recent EndSARS protest mayhem.

By Prince Okafor Ahead of Dangote Refinery takeoff, a fresh revelation has emerged that the project will not reduce the cost of Premium Motor Spirit (PMS), popularly known as petrol. Vanguard findings show that the pump price of petrol would not drop significantly even if Nigeria is refining crude oil locally. The Dangote refinery is […]

Dangote Refinery has concluded plans to open its $2 billion fertilizer plant, located at Ibeju Lekki, Lagos, in May.

THE Dangote Refinery has concluded plans to inaugurate its $2.5 billion fertiliser plant, targeted at boosting agriculture and conserving scarce foreign exchange, amounting to almost $1.0 billion yearly, through import substitution and export revenues, in the first quarter of 2020.

The Nigerian Governors Forum (NGF) has described the Dangote Refinery and Petrochemicals sited in Lagos as a pride to Nigeria and Africa. The NGF said the project would contribute immensely to Africa’s economy and help the continent attain food security when fully operational. Mr Kayode Fayemi, NGF Chairman and Governor of Ekiti, made the assertion […]

Gabriel Olawale The Dangote Refinery would save the country of $10 billion spent on crude importation when it comes on stream, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Sunday She also said the refinery would create thousands of jobs for Nigerians when it becomes operational. The minister, who disclosed this […]

…It will grow our company revenue to $30 billion ― Dangote By Gabriel Olawale The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed expressed the eagerness of President Muhammed Buhari administration for the Dangote Refinery to commence operation, says it will not only save the country over $10 billion spend on crude importation […]