The President Of Dangote Group, Aliko Dangote has revealed that the price of his Refinery Premium Motor Spirit (Petrol) will be determined by the Federal Executive Council headed by President Bola Ahmed Tinubu.
"NNPC no longer owns a 20 per cent stake in the Dangote refinery. They were meant to pay their balance in June but have yet to fulfil the obligations. Now, they only own a 7.2 per cent stake in the refinery," Dangote said.
Nigerian billionaire businessman, Aliko Dangote, has claimed his $23bn refinery project is the "biggest risk" of his life. Dangote stated this in an interview with Forbes on Monday.
Aliko Dangote, Chairman of the Dangote Group, has disclosed that the newly commissioned Dangote Refinery will make 100,000 jobs available when it becomes fully operational.
The daughter of the wealthiest man in Nigeria, Fatima Dangote states that Nigeria would be a better place if there were more men like her father, Aliko Dangote.
"The commission in conjunction with relevant stakeholders from NNPC Upstream Investment Management Services, representatives of Crude Oil/Condensate Producers, Crude Oil Refinery-Owners Association of Nigeria, and Dangote Petroleum Refinery
Update on planned merger of Dangote's food companiesReacting to questions bothering on the suspension of the planned merger of Dangote sugar with Nascon and Dangote rice Ltd, the chairman stated the merger was put on hold by the Securities and
Chairman of Dangote Group, Aliko Dangote confirmed his refinery startup in December 2023, saying that 350,000 barrels per day is the first target of the refinery. He said this to the Financial Times (FT) in a November 25 interview.
He described Dangote as an "aggressive competitor" who would go to any length to monopolise the market. "You should know that Dangote is just out to close all the doors and windows so that no person enters the market.
The President of Dangote Group, Aliko Dangote, has blamed the low supply of domestic crude oil for Dangote Refinery's increasing reliance on crude imports from the United States of America.
Fuel marketers are considering moving away from Dangote fuel due to a significant drop in the cost of imported petrol, which has become cheaper than the price set by the Dangote Petroleum Refinery.
Since then, the Dangote refinery has received the crude oil in batches, and the 6th batch of one million barrels of Agbami crude was discharged on Monday at the Single Point Mooring at the Dangote Offshore Oil Terminal.
Nigerian businessman and founder of Dangote Group, Alhaji Aliko Dangote, has opened up on many battles he had to fight to complete the $19bn Dangote Petroleum Refinery project located in Lagos.