LAGOS SEPTEMBER 3RD (NEWSRANGERS)- I have read a series of articles attacking the Federal Government for not telling the truth about fuel subsidy payments, following NNPC Limited’s admittance it was owing suppliers some $6 billion. Some of the stories have been written with relish, as the authors believed they have uncovered some scoops. The truth…
LAGOS JULY 19TH (NEWSRNAGERS)-Farouk Ahmed, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has cautioned Nigerians against over-dependence on products from the Dangote refinery. Ahmed highlighted concerns over the consistency and standardisation of the refinery’s output, stating that the quality of its products was inferior compared to the imported quality…
LAGOS MAY 17TH (NEWSRANGERS)-Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges that Africa’s largest producer faces in lifting its own oil output. The plant, built by Africa’s richest man Aliko Dangote,…
LAGOS APRIL 3RD (NEWSRANGERS)-The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a few weeks ago, to around N1,350/litre in some locations across the country following the sale of the commodity by the Dangote Petroleum Refinery. It was gathered on Tuesday that the $20bn worth…
LAGOS JANUARY 30TH (NEWSRANGERS)-Dangote refinery is preparing to import crude from the US in the forthcoming months, signalling the increasing competitiveness of American barrels in the global market. This is according to reports from Bloomberg. Traders’ familiar with the matter disclosed that Trafigura Group has sold 2 million barrels of WTI Midland to the…
LAGOS MAY 22ND (The Executive Governor of Osun State, Senator Ademola Adeleke has described the just completed Dangote Refinery as “a continental game changer with huge capacity to positively transform Nigeria and African economy” In a congratulatory message to the Chairman of Dangote Holdings, Alhaji Aliko Dangote, Adeleke noted that the completion of the refinery…
LAGOS OCTOBER 30TH (NEWSRANGERS)-Africa’s largest oil refinery will deliver its fuels to Nigerian consumers via roads and sea ports and will effectively replace all of Nigeria’s fuel imports once fully operational, a company executive said on Tuesday. The 650,000 barrel per day Dangote oil refinery is under construction in Lagos, the biggest city in the…