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Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, said the Dangote Petroleum Refinery as well as its Fertiliser Plant would save the country $3 billion annually, thereby conserving scarce foreign exchange.
The Peoples Democratic Party has advised the Federal Government to ensure transparency in its planned acquisition of 20 per cent shares in Dangote refinery.
The Nigerian National Petroleum Corporation (NNPC) says it is considering equity participation in six private refineries in the country.
The Nigerian National Petroleum Corporation (NNPC) has served notice to the Federation Account and Allocation Committee (FAAC) that it will deduct about N126 billion from its remittance to the Federation Account at the next meeting scheduled for June.
Dangote Group, a Nigerian industrial conglomerate founded by Africa’s wealthiest person, Alhaji Aliko Dangote, has disclosed that oil giants from the Middle East and western countries have sought to seal crude oil supply agreements with its refinery.
Lagos East Senatorial District representative in the National Assembly, Senator Adetokunbo Abiru, on Wednesday moved a motion for the urgent rehabilitation of the Ikorodu/Shagamu and Ikorodu-Itoikin-Epe-Ijebu-Ode roads.
Alhaji Ibrahim Abdullahi, the Speaker of the Nasarawa State House of Assembly, has assured that the House would give Dangote Sugar Refinery in the state all the necessary legislative backing and support to succeed.
The Director General, Voice of Nigeria (VON), Osita Okechukwu, has hailed the federal government’s decision to rehabilitate the Port Harcourt refinery.
President Muhammadu Buhari has said that recent developments in the Nigerian fertiliser value chain is moving the country to becoming a regional and global fertiliser powerhouse.
Lagos State governor, Mr. Babajide Sanwo-Olu, has commended the Dangote Group for building the biggest investment in the country in Lagos State, and for the positive development which the Dangote Oil Refinery and Dangote Fertiliser Complex would bring to Lagos and the Nigerian economy.
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, said Nigeria would have started producing its own refined petroleum products if Dangote Refinery had existed years ago.
Youth leaders from various ethnic groups across the country and the African centre for Human Rights and Justice have hailed the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, for his outstanding support to the private sector to drive the economy.
The Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery.
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said Dangote Refinery would buy Nigeria’s crude oil in Naira and also sell petrol to Nigeria in naira when it commences production.
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production.
The International Monetary Fund, the global financial watchdog, is projecting that Nigeria’s Dangote Refinery would provide an elixir for the country’s economy when it is completed and starts production by 2022.
The minister of state for petroleum resources, Timipre Sylva, says the refinery rehabilitation exercise across the country is in its final stages.The minister of state for petroleum resources, Timipre Sylva, says the refinery rehabilitation exercise across the country is in its final stages.
The prime minister of Italy has called for the Euro 2020 final to be moved from Wembley due to coronavirus concerns. Mario Draghi says the level of infection in the United Kingdom means alternative venues must be considered.
Ivory Coast’s former president Laurent Gbagbo filed for divorce on Monday from his wife of three decades, his lawyer said, days after his highly anticipated return to the country.
The President of the Court of Appeal, Hon Justice Monica Dongban-Mensem, has organised a special court sitting in Jos where about 270 Motions and Appeals would be addressed for quick dispensation of justice.
MTN Nigeria plans to invest N640 billion (approximately US$1.5 billion) over the next three years to expand broadband access across the continent’s most populous country, in line with the federal government’s 2020-2025 National Broadband Plan and in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progress.
The three survivors of Sunday’s sporadic shooting by a police operative in Enugu have regained consciousness, a medical doctor at the Enugu State University Teaching Hospital, Parklane, has said.
The Department of State Service (SSS) has arrested another singer, Ahmad Abdul, over a song perceived as blasphemous and capable of creating chaos in Kano State.
The Minister of Works and Housing, Babatunde Fashola, has defended the Federal Government’s resort to loans to expand infrastructure in the country.
Waymo just announced a second external funding round, raising $2.5 billion for the continued advancement of its autonomous driving technology.
After banning Twitter, Nigeria’s ministers reportedly met with Chinese counterparts to discuss replicating China’s "Great Firewall" in the West African country.
An African Union investigation into possible human rights abuses in Ethiopia’s embattled Tigray region was met with condemnation by the government in Addis Ababa on Thursday.