The Manufacturers Association of Nigeria (MAN) has emphasized that the production of polypropylene by Dangote Petroleum Refinery & Petrochemicals will significantly transform Nigeria’s textile industry while reducing the country’s dependency on imports. This move is expected to save Nigeria approximately $267 million in foreign exchange spent on importing polypropylene. Polypropylene Deficit Hindered Textile Industry Growth […]
Boosting Local Refining and Strengthening Energy Security The Federal Government of Nigeria has officially banned the export of crude oil allocated for domestic refineries. This move aims to enhance the country’s refining capacity, minimize reliance on imported petroleum products, and reduce pressure on foreign exchange reserves. Previously, about 500,000 barrels per day meant for local […]
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Discover how Tinubu’s economic reforms are transforming Nigeria’s economy and infrastructure. Governor Sanwo-Olu highlights Lagos’ achievements and plans for 2025. Lagos State Governor, Babajide Sanwo-Olu, has commended President Bola Ahmed Tinubu’s economic reforms, describing them as transformative and capable of redefining Nigeria’s global image. Speaking at the 2025 Annual Thanksgiving Service themed “Harvest of Thanksgiving” […]
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The Dangote Refinery has joined forces with MRS Oil and Gas to offer petrol at a reduced price of ₦935 per liter at retail outlets across Nigeria. This development stems from a recent reduction in the ex-depot price of petrol from ₦970 to ₦899.50 per liter, as disclosed by Anthony Chiejina, the spokesperson for Dangote […]
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In a groundbreaking step towards regional energy integration, Dangote Refinery, Africa’s largest oil refinery, has partnered with Neptune Oil to deliver its first-ever export of Premium Motor Spirit (PMS) to Cameroon. The Dangote Group highlighted that this milestone reflects a strategic alliance between the two companies aimed at strengthening economic connections between Nigeria and Cameroon […]
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According to information released by Dangote Refinery, the price of its fuel is N960 per liter for ships and N990 per liter for trucks. The declaration comes after the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) asserted that they could import petroleum at lower […]
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According to Aliko Dangote, chairman of the Dangote Refinery, his facility has enough gasoline on hand to end fuel lines for up to 12 days. Following President Bola Tinubu’s meeting with members of the local currency implementation committee for the sale of crude oil and refined products, which is chaired by Mr. Wale Edun, the […]
