By Jemimah Wellington, JKNMedia Reporter THE FEDERAL Executive Council (FEC) has directed the Nigerian National Petroleum Corporation (NNPC) to start selling crude oil to local refineries, including Dangote Refinery. This move aims to stabilize refined fuel prices and the dollar-Naira exchange rate. Under President Tinubu’s new strategy,...
By Joke Kujenya MELE KYARI, Group Chief Executive Officer of NNPC Limited, urged Alhaji Aliko Dangote, President of Dangote Industries, to disclose the identities of workers allegedly operating a blending plant in Malta. Kyari insists these individuals should be reported to government security agencies for necessary actions. Dangote accused so...
By Joke Kujenya THE NIGERIAN National Petroleum Company (NNPC) Limited has cut its stake in the Dangote Petroleum Refinery. Aliko Dangote announced on Sunday that NNPC now holds only 7.2% of the refinery, down from 20%. Femi Soneye, NNPC’s spokesperson, confirmed the decision. NNPC says it had informed Dangote Refinery months ago that it...
By Bola BOLAWOLE THE RICHEST man in Africa, Alhaji Aliko Dangote, stirred the hornet’s nest recently when he accused the International Oil Companies (IOC) operating in Nigeria of sabotaging his efforts to put an end to the embarrassing, ridiculous and neck-breaking importation of refined fuel products by Nigeria. Although Dangote exonerated th...
