The billionaire Nigerian oil magnate, Aliko Dangote, has questioned why the state-owned Nigeria National Petroleum Company Limited (NNPC) and private retailers still import petroleum products when his refinery can 'produce enough'.
why the state-owned Nigeria National Petroleum Company Limited and private retailers still import petroleum products when his refinery can"produce enough". Dangote said his company has more than 500 million liters of petroleum in stock,"which is more than enough to serve Nigeria if retailers buy from it".
Some analysts are, however, skeptical about whether the quantity was enough to service the needs of Nigerians. In recent months, Dangote's company, the Dangote Group, has been atThe pump price of petrol will likely be increased from N897 to N1,047, N1,100 per litre at NNPCL retail outlets nationwide as the company has concluded…
Africa's richest man and President of Dangote Industries Limited, Aliko Dangote, has declared that his company built its 650,000 barrels per day refinery, valued at $20… Former President Olusegun Obasanjo has expressed concerns that those currently profiting from Nigeria's fuel importation sector may seek to undermine the Dangote Petroleum ReDevakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited , has said that multinationals are deliberately frustrating the...
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 500 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.
News Politics Economy Trade Business Sports Current Events Travel Economy Business And Finance Nigeria Petroleum West Africa Governance
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria: Jigawa Tanker Explosion - Northern Govs, Dangote, Offor, Donate Over N1b to VictimsPress Release - Mr Yahaya said the 19 northern states collectively donated N50 million each to Jigawa state to help the families of the deceased victims and alleviate the suffering of the injured ones following the explosion.
Read more »
Nigeria: Cholera Cases, Deaths Surge More Than 200% in NigeriaCholera is surging in Nigeria, health officials said this week, with the number of cases and deaths increasing by more than 200% this year.
Read more »
Nigeria: Danjuma Launches Own Airport, Hotel As Nigeria Govt Hands Over Kashimbila Power Dam to FirmThe 40-megawatt hydroelectricity power Dam in Taraba State was initiated by the Goodluck Jonathan administration but concessioned to Mr Danjuma's firm, KP Hydro Limited.
Read more »
Nigeria/Libya: Afcon Qualifiers - Nigeria's Super Eagles Stay Top Despite Libya ControversyNigeria's Super Eagles remain in pole position in Group D with seven points from three games
Read more »
Nigeria/Libya: CAF Releases New Statement On Libya Vs Nigeria Afcon Qualifier DebacleContrary to initial reports suggesting a potential walkover, CAF announced that the match will not take place as scheduled
Read more »
Nigeria/Libya: Libya Threatens Legal Action After Nigeria Pulls Out of Football QualifierThe Libyan Football Federation (LFF) is criticizing Nigeria's decision to withdraw from the 2025 AFCON qualifier in Libya and is threatening to take legal action.
Read more »