Business Hilights

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Dangote Refinery

Dangote refinery may make Lekki highway gridlock unprecedented

…As GED rules out deliveries on pipelines Strong indication has emerged revealing that traffic crisis on Lekki-Epe highway, the only entry and exit road to the corridor may be unbearable as soon as upcoming Dangote Refinery comes on stream. This…

NNPC/Chevron JV, NDPHC Olorunsogo, GACN seal GSAA, reassure service delivery

Chevron Nigeria Limited (CNL), in its capacity as Sellers’ Representative for the Nigerian National Petroleum Corporation (NNPC) and itself, has signed a Gas Sale and Aggregation Agreement (GSAA) with Olorunsogo Generation Company Limited, Niger Delta Power Holding Company Limited (NDPHC)…

Algeria now refines sufficient fuel to meet domestic demand— Minister

…As Dangote votes 53% refinery capacity for petrol Algeria has set fresh African record of being the first in current generation to refine sufficient petroleum for its country. This was revealed Thursday by the newly appointed Energy Minister, Mohamed Arkab….

China’s refined products exports to Nigeria may affect Dangote refinery sales if…

Emerged signals that China will increase its petrol exports in July and August with products cargoes heading to Nigeria and Mexico, may pose sales challenges to Dangote Refinery target markets if the glut and conditions stretches till when Dangore refinery…

Kachukwu mute on moribund refineries, hopes in Dangote, modular refineries

In what may ordinarily translate to total loss of hope and confidence in the ability of the new leadership at the Nigerian National Petroleum Corporation (NNPC) to deliver its promise in fixing the four moribund refineries in no distant time,…

Lekki residents’ may protest over damage of roads by Dangote trucks

Anger, frustration and protest is currently loading in Ibeju-Lekki axis of Lagos State over what they residents described as total destruction of their hitherto good roads by trucks owned by Dangote Group. Before now, analysts have argued that majority of…

Dangote Refinery deepens local content with 120 contracts valued at over $368m

Emerging 650,000bpd capacity Dangote Refinery, Lekki in Lagos Nigeria, has so far awarded $368m worth of contracts to 120 local contractors in line with the prevailing Nigerian oil industry content development initiative. This was revealed by the Group Executive Director,…

Investors can shock Dangote if they buy, relocate closed refineries from Europe

Energy analysts have started assessing the possible business imports of the projected closures of refineries in Europe at a time local refining capacity has remained inadequate. Some industry experts who barred their minds with our correspondents in Lagos argued that…

Dangote refinery can only alter situations in W’Africa, Nigeria in particular—OPEC

More revelations have emerged from the new global Outlook on oil and gas activities released by the Organization of Petroleum Exporting Countries (OPEC) on Africa, hinting that the coming on stream of Dangote Refinery cannot change narrative beyond West Africa…

FG’s no plan to remove fuel subsidy may cause hard landing for Dangote fuel

Considering the fact that Dangote Refinery which is expected to pump products into Nigerian market from next year is coming with sulphur-free fuel which is currently over one dollar in the international market, there are strong indications that the Federal…