The chairman of Dangote Group and Chancellor of Aliko Dangote University of Science and Technology, Wudil, Kano State, Aliko Dangote, has launched a five-year Development Plan for the university with an initial amount of N15 billion. Dangote announced the gesture shortly after his second investiture as the Chancellor of the University at the 5th combined…
Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 per litre. The new price is a reduction of N15 from N880 per litre sold by the facility on Wednesday. Our correspondent gathered that the refinery informed its customers in a notice sent out on Thursday…
Dangote Petroleum Refinery & Petrochemicals has slashed the price of Premium Motor Spirit (PMS), or petrol, for the second time this month. It cut N65 off the previous price of N890, bringing it down to N825 per litre at the gantry (ex-depot). This followed a N60 reduction on February 1. The ex-depot price decreased from…
Nigerian billionaire businessman, Aliko Dangote, has opened up on the challenges of building and running a refinery. Dangote disclosed that one of the challenges in the industry is having to deal with oil mafias. Speaking during an interview with Forbes on Monday, the businessman described the mafia in the oil industry as more dangerous than…
Justice Deinde Dipeolu of a Federal High Court, Lagos, has issued warrant of arrest against one Emmanuel Oku, an employee of Dangote Industries Limited, charged before the court, for allegedly defrauding the company of the sum of N739, 735, 248 million. Justice Dipeolu issued the warrant against Oku, on Friday, sequel to the application made…
The Dangote Petroleum Refinery has communicated an upward adjustment in the price of Premium Motor Spirit, also known as petrol, to its customers. In an email statement obtained by our Correspondent on Friday, the refinery announced that its refined products would now be priced at N955 per litre at the loading gantry, marking an adjustment…
