Nigeria’s state oil firm, NNPC Limited, has accused Dangote Petroleum Refinery of attempting to stifle competition and establish monopoly control over the country’s fuel market by challenging import licences issued to rival marketers. According to court documents seen by Reuters, NNPC, in a
The Nigerian National Petroleum Company Limited and Dangote Group have reaffirmed their commitment to a strategic partnership aimed at strengthening Nigeria’s energy security and driving economic prosperity. This renewed alliance was cemented during a high-level visit by the Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari, and his management team to the
Dangote Group has signed a contract valued at over $350 million with India’s state-owned Engineers India Limited (EIL) for the expansion of its refinery operations. The agreement was disclosed by EIL in a statement released recently, confirming that the Indian engineering firm will act as the Project Management Consultant (PMC) as well as the Engineering, […]
…as Dangote Refinery Shuts Petrol Unit for Planned Maintenance and upgrades Nigeria’s downstream petroleum market has witnessed a sharp price reversal, with private depot owners lifting the ex-depot price of Premium Motor Spirit (PMS, commonly known as petrol) to ₦800 per litre across major locations. This development follows confirmation that the Dangote Petroleum
By Kazeem Akintunde Nigeria’s oil sector rumbled last week, when the Chairman of the Dangote Group of Companies, Alhaji Aliko Dangote alleged that the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, was spending millions of dollars on his children’s education in Switzerland, an amount far beyond his
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has invited Africa’s richest man, Aliko Dangote, to appear before its investigators or send a representative to substantiate allegations of corruption he made against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk











