The Dangote Petroleum Refinery and Petrochemicals has uncovered a fresh racket involving some of its affiliate marketers and strategic partners who have been diverting subsidised refined petroleum products for profit, prompting the suspension of the refinery’s discounted fuel supply scheme. Investigations by the refinery revealed that certain marketers who were granted discounted products, meant to…
Dangote Refinery has again, within a week interval, reduced its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre, effective immediately. It would be recalled that the company last week reduced its ex-depot price from N880 to N840 per litre. With the assurance of a…
The Dangote Refinery in Ibeju-Lekki, Lagos, has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began production in the early hours of Friday. The Dangote Refinery in Ibeju-Lekki, Lagos, has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began production in the early…
The Chairman of the Dangote Group, Aliko Dangote, on Saturday clarified the recent visit of officials of the Economic and Financial Crimes Commission, EFCC, to its Head Office in Lagos State. Recall that officials of the EFCC visited the Dangote Group headquarters in Lagos on Thursday, to investigate forex allocations to the company during the…
The Economic and Financial Crimes Commission (EFCC) has summoned Dangote Group officials to Abuja for detailed documents on forex transactions spanning nine years. EFCC operatives stormed the group’s Lagos headquarters, probing alleged forex allocation abuse under ex-CBN Governor Godwin Emefiele. During its operation, it was gathered that the anti-graft agency took away some sensitive documents…
The Dangote Refinery is set to start diesel and jet fuel refining operations by October 2023 and petrol refining by November 2023. This is according to Dangote Group Executive Director Devakumar Edwin. He made the statement during a September 18 interview with S&P Global Commodity Insights. According to him, the Dangote refinery will receive its first cargo…
