By Udeme Akpan President of Dangote Group, Aliko Dangote, said that Nigerians will soon be able to invest directly in the Dangote Refinery, describing the move as part of efforts to broaden public ownership of the project. Dangote stated this on Saturday during the visit of the Group Chief Executive Officer of NNPC Limited, Bayo […]
Former OPEC president Diezani Alison-Madueke arrives to attend her corruption trial at the Southwark Crown Court in London on January 26, 2026. The 65-year-old faces five counts of accepting bribes and one count of conspiracy to commit bribery, all related to her time as Nigeria’s Minister for Petroleum Resources between 2010 and 2015 when […]
By Ogaga Ariemu The President of the Dangote Group, Aliko Dangote, has announced that Nigerians will soon have the opportunity to own shares in his $20 billion refinery upon listing on the Nigerian Exchange Limited. He disclosed this at a conference in Abuja organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority and […]
By Udeme Akpan, Energy Editor, Obas Esiedesa, Ediri Ejoh & Mariam • We want to import, compete with NNPC, Dangote — Independent Marketers • FG, others should be transparent — CPPE The Nigerian National Petroleum Company Limited, NNPCL, has authorised major petroleum marketers to commence lifting the premium motor spirit, PMDS, otherwise known as petrol, […]
‘I’m ready to let go so they can run it,’ Dangote offers to sell refinery to NNPC President of the Dangote Group, Aliko Dangote has offered to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited (NNPCL) to address allegations of monopoly in the industry. In an exclusive interview with Premium Times, Dangote […]
By Mo2n President Bola Tinubu has explained why he removed subsidy on petrol. According to Tinubu, it was a challenging decision to make, but necessary to ensure a transparent energy sector. The President stated this while speaking at the opening of the 2024 Nigeria International Energy Summit, NIES, in Abuja. Tinubu was represented by his […]
Obasanjo stated this in Abuja at the launching of a book titled, ‘Court and Politics,’ written by Dr. Umar Ardo, a former associate of the ex-Vice President, Atiku Abubakar. According to the former president, one of the reasons why Nigeria’s economy is in ruins is that while other oil-producing countries have records of their oil […]
By Sandra Nwaokolo Shell has announced its withdrawal from oil exploration in Nigeria and has reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies consisting of four exploration and production firms based in Nigeria and an international energy […]
By Muhammad Sabiu FORMER president, Muhammadu Buhari has said he was happy when his successor, President Bola Tinubu increased the price of petrol. There were several attempts by Buhari to remove the fuel subsidy but all failed. However, the former Nigerian leader made his feelings known at the annual dialogue of Katsina Consultative Forum (KCF) […]
Dangote Refinery to commence operations in October, gives reason for delay By Tayo Elegbede Dangote Refinery has disclosed that plans are in motion to commence operations of 370,000 Barrels per day in October 2023. The Dangote Group Executive Director, Devakumar Edwin confirmed this. Recall that while delivering his speech at the official commissioning of the […]
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