By Admin A group, Center for the Promotion of Private Enterprise (CPPE), has said any consideration for petrol importation must be to close a genuine and independently verified shortfall. Its Chief Executive Officer, Dr. Muda Yusuf, said while imports remains a legitimate contingency tool for refinery outages, seasonal demand spikes, quality gaps and strategic-stock replenishment,…
The management of Dangote Petroleum Refinery and Petrochemicals (DPRP) has expressed concern over the continued issuance of petroleum product import licences despite the refinery’s proven capacity to meet and exceed Nigeria’s domestic Premium Motor Spirit (PMS) requirements. The refinery, in a statement, noted that while it remains fully committed to supporting the country’s energy security…
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has pushed back against the fresh lawsuit filed by the Dangote Petroleum Refinery seeking to invalidate fuel import licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a statement, the group argued that the licences being challenged were not mere administrative…
Nigeria could enter 2026 on its strongest economic footing in more than a decade, according to leading economist, Bismarck Rewane. He said a combination of easing inflation, rising investment, major corporate listings and stabilising monetary conditions will propel the country into a new and more durable cycle of growth. Presenting his projections at the Parthian…
The Dangote Articulated Trucks Drivers Training School (DATDTS), in collaboration with the Federal Road Safety Corps (FRSC), is implementing stricter entry requirements for aspiring drivers. This development comes as Dangote Cement Plc undertakes the recertification and screening of all its truck drivers at the company’s Obajana plant in Kogi State. Speaking to newsmen at the…
African Export-Import Bank (Afreximbank) has signed a $1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately $4 billion syndicated financing arrangement for DIL, Africa’s largest industrial conglomerate. Afreximbank acted as the Mandated Lead Arranger, for the syndication. This financing, described as one of the largest…
The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of petrol to N890 per litre in Abuja. The latest increase comes one week after the national oil firm dropped the commodity’s price to N895 – representing a N5 decrease. TheCable observed on Wednesday that the petrol pump price was reviewed downwards in…
The Federal Government said it plans to construct an 80-metre span bridge in front of the Dangote Refinery as part of Section 2 of the Lagos-Calabar Coastal Highway project. This development aims to ensure seamless movement of trucks accessing the refinery without obstruction. The Minister of Works, David Umahi, disclosed this during the Lagos-Calabar Coastal…
Following the increase in the ex-depot price of premium motor spirit (PMS) or petrol to N950 per litre from the previous N909 per litre by depot owners, there is now a surge in oil marketers seeking to key into the bulk-purchase agreement incentives being offered by the Dangote Petroleum Refinery. The refinery, which has pegged…
