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Q: Why is there always a discrepancy in the monthly fuel production data released by NMDPRA and that from the Dangote Refinery? Dangote: The regulator, Farouk, is very smart. What he is doing is only telling Nigerians what was being taken out of the refinery. What has been taken... show more

Imran Muhammad

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88,547 Aufrufe • vor 8 Monaten •via X (Twitter)

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Dangote Refinery is trending because, Aliko Dangote's refinery has started selling Petrol to the public. But, NNPC will be the exclusive buyers. - Monopoly achieved ? The Vice President of Dangote Refinery hinted that should any sabotage arise, and no one buys from them, they will not hesitate to export out of Nigeria, just how they export their diesel and jet fuel. This is was yesterday, when the refinery was yet to reach an agreement with NNPCL. But, now NNPC have reached an agreement with Dangote to supply him crude in Naira. And this month the refinery will supply them 25million litres of fuel, and 30million next month. The refinery is expected to produce 650k barrels per day. But NNPC failed to provide them enough crude oil, which resulted to the delay in commencement of their operation. NNPC being exclusive buyers means that, they will reach an agreement with Dangote prompting them to only purchase PMS from Dangote for an agreed period of time. And, understanding that NNPC is in serious international debt with no international supplier willing to supply them Petrol. - One can arguably say that Dangote has gotten what he wanted, and is on course to secure Oil Monopoly. Recall that in July NNPC accused Dangote of seeking oil monopoly with poor fuel quality. Which frustrated him to to opt out of building a steel plant and suggesting that Dangote Refinery was up for sale. This morning Aliko Dangote used the opportunity to show Nigerians that the real color of quality fuel is "colorless", like water. And he assured Nigerians that, this is what they will be getting from his refinery, unlike the bad product that has been circulating the country for nearly three decades. Assuring Nigerians that their vechicles will last longer, and the environment will be safer. Dangote refinery will be the first refinery to work in Nigeria since 1996. Yet, Nigerians are saying it's not enough. That to properly combat the now natural fuel shortage, FG should allow independent suppliers to give NNPC competition.

Dangote Refinery is trending because, Aliko Dangote's refinery has started selling Petrol to the public. But, NNPC will be the exclusive buyers. - Monopoly achieved ? The Vice President of Dangote Refinery hinted that should any sabotage arise, and no one buys from them, they will not hesitate to export out of Nigeria, just how they export their diesel and jet fuel. This is was yesterday, when the refinery was yet to reach an agreement with NNPCL. But, now NNPC have reached an agreement with Dangote to supply him crude in Naira. And this month the refinery will supply them 25million litres of fuel, and 30million next month. The refinery is expected to produce 650k barrels per day. But NNPC failed to provide them enough crude oil, which resulted to the delay in commencement of their operation. NNPC being exclusive buyers means that, they will reach an agreement with Dangote prompting them to only purchase PMS from Dangote for an agreed period of time. And, understanding that NNPC is in serious international debt with no international supplier willing to supply them Petrol. - One can arguably say that Dangote has gotten what he wanted, and is on course to secure Oil Monopoly. Recall that in July NNPC accused Dangote of seeking oil monopoly with poor fuel quality. Which frustrated him to to opt out of building a steel plant and suggesting that Dangote Refinery was up for sale. This morning Aliko Dangote used the opportunity to show Nigerians that the real color of quality fuel is "colorless", like water. And he assured Nigerians that, this is what they will be getting from his refinery, unlike the bad product that has been circulating the country for nearly three decades. Assuring Nigerians that their vechicles will last longer, and the environment will be safer. Dangote refinery will be the first refinery to work in Nigeria since 1996. Yet, Nigerians are saying it's not enough. That to properly combat the now natural fuel shortage, FG should allow independent suppliers to give NNPC competition.

Trending Explained

143,810 Aufrufe • vor 1 Jahr

Products will be available nationwide. What is important is that there is now competition and there is a choice, and we will see the prices of the products come down. - Farouk Ahmed Chief Executive Officer of the NMDPRA regarding the commencement of operations at the Port Harcourt Refinery.

Products will be available nationwide. What is important is that there is now competition and there is a choice, and we will see the prices of the products come down. - Farouk Ahmed Chief Executive Officer of the NMDPRA regarding the commencement of operations at the Port Harcourt Refinery.

Imran Muhammad

126,446 Aufrufe • vor 1 Jahr

They are asking the Deputy Speaker to read what is actually written in the clause line by line. Instead of doing that, he keeps going ahead and only mentioning the numbers. What is in the clause? Tell us, read it out. What if the content has been altered? This is very wrong. When did Nigeria turn to this? Is this what you folks call democracy? This is hogwash! We have been hijacked by criminals.

They are asking the Deputy Speaker to read what is actually written in the clause line by line. Instead of doing that, he keeps going ahead and only mentioning the numbers. What is in the clause? Tell us, read it out. What if the content has been altered? This is very wrong. When did Nigeria turn to this? Is this what you folks call democracy? This is hogwash! We have been hijacked by criminals.

Olaudah Equiano®

106,436 Aufrufe • vor 4 Monaten

Never believed that a day will come when an NNPCL GCEO will say such words about Dangote Refinery, this truly shows the progressive nature of Engr Ojulari to be honest This is unlike what we used to have

Never believed that a day will come when an NNPCL GCEO will say such words about Dangote Refinery, this truly shows the progressive nature of Engr Ojulari to be honest This is unlike what we used to have

David Offor

97,970 Aufrufe • vor 6 Monaten

I Don't See the Significant Impact Dangote Refinery Will Have on Petrol Price - Oluwafemi As much as Dangote Refinery has been met with so much positivity regarding supply, it's sad that NNPCL who use to run four refinaries in Nigeria, is queuing to lift PMS from a private Refinery. The back and forth we have witnessed in the past week is symbolic of how powerful commodity traders are globally, and the Dangote refinery will, unfortunately be no different Akinbode Oluwafemi Director, Corporate Accountability and Public Participation Africa (CAPPA)

I Don't See the Significant Impact Dangote Refinery Will Have on Petrol Price - Oluwafemi As much as Dangote Refinery has been met with so much positivity regarding supply, it's sad that NNPCL who use to run four refinaries in Nigeria, is queuing to lift PMS from a private Refinery. The back and forth we have witnessed in the past week is symbolic of how powerful commodity traders are globally, and the Dangote refinery will, unfortunately be no different Akinbode Oluwafemi Director, Corporate Accountability and Public Participation Africa (CAPPA)

ARISE NEWS

11,006 Aufrufe • vor 1 Jahr

DANGOTE REFINERY TARGETS SEPTEMBER IPO LAUNCH President of Dangote Group, Aliko Dangote, says the Dangote Refinery is targeting a September launch for its Initial Public Offering, IPO, following what he described as overwhelming investor demand running into billions of dollars. Dangote disclosed this during a visit by the management of First Bank to the refinery complex in Lagos, where discussions centred on investment opportunities and the future growth of the refinery business. Arise News Correspondent Oluwatosin Balogun filed in this report.

DANGOTE REFINERY TARGETS SEPTEMBER IPO LAUNCH President of Dangote Group, Aliko Dangote, says the Dangote Refinery is targeting a September launch for its Initial Public Offering, IPO, following what he described as overwhelming investor demand running into billions of dollars. Dangote disclosed this during a visit by the management of First Bank to the refinery complex in Lagos, where discussions centred on investment opportunities and the future growth of the refinery business. Arise News Correspondent Oluwatosin Balogun filed in this report.

ARISE NEWS

34,894 Aufrufe • vor 3 Monaten

Aliko Dangote just confirmed it himself. The Dangote Refinery IPO is coming to the market by September 2026. Demand is already in billions of dollars. The private placement alone has requests of nearly $2 billion before the public offer even opens. The refinery will produce 10% of America’s entire refining capacity. The largest refinery ever built on earth. The highest turnover of any business in Africa. In his exact words: “We want it to be like Amazon or Apple. The people who bought early became millionaires. That’s what we want to bring to Africa.” Position before September, or watch from the sidelines.

Aliko Dangote just confirmed it himself. The Dangote Refinery IPO is coming to the market by September 2026. Demand is already in billions of dollars. The private placement alone has requests of nearly $2 billion before the public offer even opens. The refinery will produce 10% of America’s entire refining capacity. The largest refinery ever built on earth. The highest turnover of any business in Africa. In his exact words: “We want it to be like Amazon or Apple. The people who bought early became millionaires. That’s what we want to bring to Africa.” Position before September, or watch from the sidelines.

Toby

196,514 Aufrufe • vor 3 Monaten

Dear Nigerians, your president owns the biggest Refinery in a foreign country And the 7th Largest Refinery in the world is coming from your country And you lack fuel, and the Dangote Refinery is complaining of non availability of crude for refining,ok. Jibowu Nigerian army Tiwa

Dear Nigerians, your president owns the biggest Refinery in a foreign country And the 7th Largest Refinery in the world is coming from your country And you lack fuel, and the Dangote Refinery is complaining of non availability of crude for refining,ok. Jibowu Nigerian army Tiwa

Jehu Chijioke

51,980 Aufrufe • vor 2 Jahren

“Dangote Is The King Of Monopoly. Because Of Him They Destroyed Ibeto Cement And He’s Doing The Same with His Dangote Refinery”.- Very Dark Man (VDM) Says He Has Classified Documents That Exposed Dangote.

“Dangote Is The King Of Monopoly. Because Of Him They Destroyed Ibeto Cement And He’s Doing The Same with His Dangote Refinery”.- Very Dark Man (VDM) Says He Has Classified Documents That Exposed Dangote.

Somto Okonkwo

154,518 Aufrufe • vor 1 Jahr

I am not in the business of retail; I am expecting the NNPC and marketers to stop importing petrol, they should come and collect in our refinery, we have what they need — Billionaire Aliko Dangote

I am not in the business of retail; I am expecting the NNPC and marketers to stop importing petrol, they should come and collect in our refinery, we have what they need — Billionaire Aliko Dangote

Instablog9ja

567,387 Aufrufe • vor 1 Jahr

Q: Are you happy with the situation where almost half of the feedstock going into Dangote Refinery comes from the US as opposed to Nigerian crude? Ojulari: We want to move away from government domination of private sector businesses. We want the private sector to have freedom, and that’s what the Nigerian government has been working on.

Q: Are you happy with the situation where almost half of the feedstock going into Dangote Refinery comes from the US as opposed to Nigerian crude? Ojulari: We want to move away from government domination of private sector businesses. We want the private sector to have freedom, and that’s what the Nigerian government has been working on.

Imran Muhammad

47,090 Aufrufe • vor 1 Jahr

This particular statement in this video clip is sensational, misleading, baseless and downright stupid to say the Nigerian govt wants to pull Dangote refinery down. I wish this anchor would juxtapose the facts on ground and our Federal Competition and Consumer Protection Act (FCCPA) of 2018 and he will appreciate the obligation the regulator has to ensure competition and no monopoly or market dominance. There may be a crisis of confidence in that industry, but the reason Dangote refinery is a success today is because of the support of this government

This particular statement in this video clip is sensational, misleading, baseless and downright stupid to say the Nigerian govt wants to pull Dangote refinery down. I wish this anchor would juxtapose the facts on ground and our Federal Competition and Consumer Protection Act (FCCPA) of 2018 and he will appreciate the obligation the regulator has to ensure competition and no monopoly or market dominance. There may be a crisis of confidence in that industry, but the reason Dangote refinery is a success today is because of the support of this government

D. H Bwala

96,176 Aufrufe • vor 1 Jahr

"The person that is sabotaging the Nigerian economy is Aliko Dangote and his co-travellers. Dangote is who he is today because of Nigeria. Nigeria gave him a single licence to import flour, sugar, and salt. The refinery that Dangote built is our money; the Nigerian government subsidised FX for him to build that refinery." — Festus Osifo, PENGASSAN president

"The person that is sabotaging the Nigerian economy is Aliko Dangote and his co-travellers. Dangote is who he is today because of Nigeria. Nigeria gave him a single licence to import flour, sugar, and salt. The refinery that Dangote built is our money; the Nigerian government subsidised FX for him to build that refinery." — Festus Osifo, PENGASSAN president

TheCable

35,538 Aufrufe • vor 10 Monaten

The US has been one of our major suppliers of crude, which is why when someone says Trump is not happy with our refinery, it’s not true. Trump is more than happy with our refinery, because on average for a year, we do not buy more than 100 million barrels from the US. - Dangote.

The US has been one of our major suppliers of crude, which is why when someone says Trump is not happy with our refinery, it’s not true. Trump is more than happy with our refinery, because on average for a year, we do not buy more than 100 million barrels from the US. - Dangote.

Imran Muhammad

154,561 Aufrufe • vor 8 Monaten

HOUSE SPEAKER JOHNSON: WE APPLAUD THE DOGE EFFORT—THEY UNCOVERED SHOCKING THINGS “We're fully supportive of what the DOGE effort is doing and what the President is doing. It's a very aggressive agenda that was promised to the voters. Remember, he's delivering on campaign promises. Right now, we are going to be codifying a lot of these changes. And what they've uncovered is, frankly, shocking. There are a lot of expenditures of the federal government that Congress has not been aware of, in spite of our best efforts to do oversight. Some of this has been hidden. So, it has taken this level of audit from effectively an outside auditor — that's what DOGE and Elon in the group really is — to be able to get into the systems and open the literal files and expose this stuff. And so we are applauding that. This is what we have been wanting and trying to do for a long time. So this is a good development. I wish the courts would allow the executive and the legislative branches to work, but we'll see how that develops.” Source: Forbes Breaking News, February 10, 2025, Department of Government Efficiency

HOUSE SPEAKER JOHNSON: WE APPLAUD THE DOGE EFFORT—THEY UNCOVERED SHOCKING THINGS “We're fully supportive of what the DOGE effort is doing and what the President is doing. It's a very aggressive agenda that was promised to the voters. Remember, he's delivering on campaign promises. Right now, we are going to be codifying a lot of these changes. And what they've uncovered is, frankly, shocking. There are a lot of expenditures of the federal government that Congress has not been aware of, in spite of our best efforts to do oversight. Some of this has been hidden. So, it has taken this level of audit from effectively an outside auditor — that's what DOGE and Elon in the group really is — to be able to get into the systems and open the literal files and expose this stuff. And so we are applauding that. This is what we have been wanting and trying to do for a long time. So this is a good development. I wish the courts would allow the executive and the legislative branches to work, but we'll see how that develops.” Source: Forbes Breaking News, February 10, 2025, Department of Government Efficiency

Mario Nawfal

47,917 Aufrufe • vor 1 Jahr

People asking why petrol price is going up in Nigeria when we do have crude oil and the refinery here in Nigeria. This lady did good to explain what is playing out currently.

People asking why petrol price is going up in Nigeria when we do have crude oil and the refinery here in Nigeria. This lady did good to explain what is playing out currently.

CryptoLord NE 📊📈

29,287 Aufrufe • vor 5 Monaten

“What we are trying to do is replicate another line. This will give us better security, so that even if you going to shut down the refinery for 40 days, at least 50% of the refinery will still work.” - Dangote added that he will not reveal how much it will cost him to expand the refinery for now because of internal and external competitors.

“What we are trying to do is replicate another line. This will give us better security, so that even if you going to shut down the refinery for 40 days, at least 50% of the refinery will still work.” - Dangote added that he will not reveal how much it will cost him to expand the refinery for now because of internal and external competitors.

Imran Muhammad

76,356 Aufrufe • vor 10 Monaten

The price of fuel is heading towards N2000, and we know this was caused by the war going on between the USA, Israel, and Iran. Whenever the crude oil price goes much more than the protected benchmark in our budget, what happens is that it leads to excess funds for the government. So, let the government take that excess fund that was never budgeted for and use at least 60% to subsidise the crude being supplied to Dangote Refinery. When that is done, the cost of the feedstock to Dangote Refinery will reduce, and this will result in the gantry price of petrol reducing. ~ TUC President Festus Osifo urges the federal government

The price of fuel is heading towards N2000, and we know this was caused by the war going on between the USA, Israel, and Iran. Whenever the crude oil price goes much more than the protected benchmark in our budget, what happens is that it leads to excess funds for the government. So, let the government take that excess fund that was never budgeted for and use at least 60% to subsidise the crude being supplied to Dangote Refinery. When that is done, the cost of the feedstock to Dangote Refinery will reduce, and this will result in the gantry price of petrol reducing. ~ TUC President Festus Osifo urges the federal government

Nigeria Stories

42,097 Aufrufe • vor 4 Monaten

Dangote replied NMDPRA Chief Executive Farouk Ahmed and said, “This country has been having petrol queues since 1972. The fact that we are now ready to start, everybody is up and about. In terms of quality, we are doing very well, nobody can produce anything better than us.”

Dangote replied NMDPRA Chief Executive Farouk Ahmed and said, “This country has been having petrol queues since 1972. The fact that we are now ready to start, everybody is up and about. In terms of quality, we are doing very well, nobody can produce anything better than us.”

Imran Muhammad

872,957 Aufrufe • vor 2 Jahren