Dangote Petroleum Refinery has urged fuel marketers and policymakers to rethink Nigeria’s product evacuation strategy, warning that reliance on coastal loading could significantly inflate fuel prices and undermine the gains of domestic refining. The refinery said its position is driven by a focus on efficiency, affordability and consumer welfare, stressing that its logistics investments were…
Aliko Dangote, chairman of Dangote Group, has withdrawn his petition against Ahmed Farouk, the former Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), even as the Independent Corrupt Practices and Other Related Offences Commission (ICPC) is determined to continue its investigation into the matter despite the withdrawal. Okor Odey,…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has invited businessman Aliko Dangote to provide additional details over his petition against the immediate past Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Alhaji Farouk Ahmed. Reports indicate that Dangote is expected to appear before the commission on Monday, December…
Full statement: Recent allegations regarding the financing of my children’s education have necessitated this response—not because I fear scrutiny of my finances, which I welcome, but because the timing and nature of these claims demand context that only three decades of public service can provide. Since 1991, I have dedicated my professional life to Nigeria’s…
The Chairman of Dangote Group, Aliko Dangote, has submitted a petition against the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Ahmed Farouk, to the Independent Corrupt Practices and Other Related Offences Commission. In the petition, dated and submitted on December 16 through his lawyer, Ogwu Onoja, SAN, Dangote called on the…
The Dangote Petroleum Refinery has defended the government’s new tariff policy, describing it as a necessary measure to shield local industries from unfair foreign competition and product dumping. The Group Chief Branding and Communications Officer of Dangote Industries Limited, Anthony Chiejina, said in a statement that the refinery currently dispenses over 45 million litres of…
The federal government’s attempt to broker peace between the management of Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over the alleged mass sack of union members ended in a deadlock on Monday night. The meeting, which began around 3:30 p.m. at the Minister of Labour and Employment’s Conference…
The management of Dangote Petroleum Refinery has berated the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), accusing the union of decades-long sabotage of Nigeria’s oil and gas sector and serving the interests of its leaders rather than ordinary Nigerians. In a statement issued at the weekend, the refinery described PENGASSAN’s latest directive…
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has strongly rejected allegations made by the Dangote Petroleum Refinery that it is sponsoring oil union workers to go on strike, describing them as misleading, factually incorrect and damaging to the integrity of Nigeria’s downstream petroleum sector. In a statement issued on Wednesday, the Association…
Former Senate Leader, Ali Ndume, on Wednesday, cautioned labour unions and stakeholders in the oil industry against what he described as a growing attempt to demonise Dangote Refinery. His intervention follows the face-off between the management of Dangote Refinery and the Nigerian Union of Petroleum and Natural Gas Workers, as well as the Depot and…
