Business
Dangote: We Have Enough Petrol In Stock To Meet In-country Supply
Over the weekend, Aliko Dangote, the president of Dangote Industries Limited (DIL), disclosed that his firm, the Dangote Petroleum Refinery, had more than N600 billion worth of Premium Motor Spirit (PMS), often known as gasoline, in storage to efficiently and adequately service Nigeria’s domestic demands. The wealthiest person in Africa disputes the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) assertion from last week that just 50% of the oil can be obtained locally from nearby refineries. Although Dangote has consistently claimed that this is incorrect, the Authority insisted that it has continued to provide import licenses to oil marketersRead More
Confusion as 4 Oil Companies Named By NNPC As Liable For Imported Substandard Petrol Deny Accusation
Four of the oil companies accused by the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, of importing substandard petrol have all in writing deniedRead More
With Withdrawal Of Wrong Fuel from Circulation, Queues Return To Abuja, Lagos, Others
Petroleum marketers confirm presence of adulterated fuel in circulation Motorists in FCT spend hours in queues, traffic grounded Group wants alleged petrol hoarders arrested, prosecuted Following the supply of aRead More
