NECA says the petrol supply agreement between the federal government and Dangote refinery could reduce foreign exchange (FX) demand.
The Nigeria Employers’ Consultative Association says the premium motor spirit supply agreement between the federal government and Dangote Petroleum Refinery could reduce the pressure on foreign exchange demand.followed the directive
“This new direction would not only benefit the government, it would also have a massive impact on the business community and the Nigerian populace in general. The NECA DG said while the current pump price remains high due to the dollar-denominated crude oil purchases, the crude-for-naira scheme set to begin on October 1 could lead to a decrease in petrol prices.He commended the government’s plan to establish a one-stop shop to streamline regulatory processes and harmonise the interests of all stakeholders, including regulatory and security agencies.
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Our refinery will meet Nigeria’s demands with good petroluem productsThe President of Dangote Group, Aliko Dangote, on Tuesday said the capacity of Dangote Refinery will meet the fuel demands of Nigeria and the SubSaharan Africa. Dangote assured that the refinery's product would be of top quality that can compete with any petroleum product across the world.
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My refinery was Tinubu’s dream 18 years agoThe founder of the Dangote Group, Aliko Dangote has said his hair went grey due to efforts to set up his refinery. Dangote also disclosed that the refinery was a brainchild of President Bola Tinubu. Addressing newsmen on Tuesday, Dangote said Tinubu dreamt about establishing a refinery in Lagos State about 18 years ago.
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We’ll defeat all odds to exceed $30bn revenue by 2025- Aliko DangoteThe President of the Dangote Group, Aliko Dangote has said the firm will surpass multiple barriers to exceed $30 billion in revenue generation by the end of 2025. Dangote disclosed this in a statement on Thursday by Dangote Group. He said this while Speaking at the just concluded African Renaissance Retreat held in Kigali, Rwanda.
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Dangote Refinery petrol to hit the Nigerian market soonThe Dangote Group said its 650,000 barrels per day Lagos-based refinery has started processing Premium Motor Spirit and the product will soon hit the Nigerian market. The company's spokesperson, Anthony Chiejina, disclosed this in an exclusive interview with DAILY POST on Monday.
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South African billionaire overtakes Aliko Dangote as Africa's richest personJohann Rupert, South African billionaire and chairman of Richemont, a luxury goods conglomerate, has overtaken Aliko Dangote, chairman of Dangote Industries Limited, as Africa’s richest person.
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Sales of crude to Dangote in Naira begins OctoberUpdates on the Port Harcourt and Dangote Refineries were also provided, with significant production increases expected from November 2024.
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