The Management of the Dangote Group has come out to clarify media reports that the NNPC has begun off taking petrol from its refinery at N897 per liter stating that it cannot fix, influence petrol prices in the country since it is responsibility of the relevant regulatory agencies. In a statement signed by its Chief
The National Agency for Food and Drug Administration and Control (NAFDAC) has seized three petrol tankers loaded with soy oil in Lagos State, raising alarms over potential public health risks. According to credible information received by NAFDAC, the same vehicles used to load vegetable oil were also being used to transport petroleum products. On getting
The Chief Communication Officer of the Nigerian National Petroleum Corporation (NNPC) Limited, Olufemi Soneye, has revealed that the national oil firm is the largest contributor to monthly tax revenue to the federation account. There have been reports that NNPC has been failing to remit to the federation account due to its debt obligations following
The management of Dangote Refinery has reaffirmed its stance that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is not upholding the Petroleum Industry Act (PIA) regarding the domestic supply of crude oil to local refineries. In a statement by the spokesperson of the refinery, Anthony Chiejina, on Friday, the oil company said NUPRC has only
The Dangote Refinery reiterated that they are still unable to secure their full crude requirement from domestic production and urged the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) to enforce the domestic supply obligation as mandated by the Petroleum Industry Act (PIA). The Dangote Group has alleged that it used to buy Nigeria crude oil from
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that the Port Harcourt refinery is on track to meet its August deadline for producing petroleum products and will be able to supply 10 to 12 million liters of petrol to marketers. The National Operations Controller of IPMAN, Zarma Mustapha, made this statement in an