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Aliko Dangote, president of Dangote Group, says the conglomerate’s revenue base will hit $30 billion by 2020 — a feat he would have considered impossible 10 years ago.

Aliko Dangote maintains position as Africa’s richest man

Aliko Dangote, the President of Dangote Group, who was ranked Africa’s richest man in the 2019 Forbes Africa’s billionaires list, has remained consistently ahead of the pack for the eighth consecutive year, with a current net worth of $10.3 billion.

UNILORIN to begin installation of mini-refinery for biodiesel

The Vice-Chancellor of the University of Ilorin, Prof. Sulyman Abdulkareem, says the university will soon install a mini-refinery equipment for processing of Jatropha a flowering plant.
Henry Ikem-Obih

Oil marketers to get N236 billion subsidy claims by Friday

Federal government says oil marketers would be paid N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on December 14

Rotimi Amaechi: How Muhammadu Buhari stopped unnecessary borrowings for Nigeria’s rail projects

The Minister of Transportation, Rotimi Amaechi, on Sunday said that in the course of executing the Warri-Itakpe Rail line, stations were built in the villages of Peoples Democratic Party (PDP) chieftains.
People ride on a boat past A.P. Moeller-Maersk A/S branded shipping containers stacked at the Ladol free trade zone port in Lagos, Nigeria, on Tuesday, May 22, 2018. Ladol, a logistics hub for the offshore oil industry in Lagos, Nigeria, is mulling a stock-market listing and corporate bonds to expand its facilities and get more business from major production companies. Photographer: George Osodi/Bloomberg

Bribes, beatings and gridlock at ports choke Nigeria economy

The lines of aging blue, red and yellow trucks begin almost 6 miles (10 kilometers) from the gates of Nigeria’s main port of Apapa.
File photo- Construction work at the Dangote refinery and fertiliser site in Lekki Lagos. Company complying with Local Content Act

Dangote Refinery to save Nigeria from dirty fuels with Euro V specification

Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Port Harcourt refinery gets financiers

The Nigerian National petroleum Corporation (NNPC) says that some of the financing companies it approached to revamp the country’s refineries have shown interest in Port Harcourt refinery.
NSCDC

NSCDC intercepts illegally-refined petroleum product

The Nigerian Security and Civil Defence Corps (NSCDC), Edo Command, has intercepted a truck laden with 45,000 litres of suspected illegally-refined petroleum product.
Nigerian National Petroleum Corporation (NNPC)

NNPC extends crude-for-product swaps until June 2019

Nigeria's state oil firm NNPC has extended its crude-for-product swap contracts, the country's main avenue to meet the bulk of its fuel needs, until June 2019, sources familiar with the matter said.

Oil prices dip amid US inventory data concerns

Oil prices slumped to more than two-week lows yesterday, as global stock markets fell, with investor sentiment made more bearish by the United States government data that showed domestic crude inventories rose more than expected last week.
The Dangote Oil Refinery jetty located at the Lekki Free Trade Zone, Lagos has received its first ever ship call. The ship named “BBC Naples”

Dangote refinery jetty receives first ship

The Dangote Oil Refinery jetty located at the Lekki Free Trade Zone, Lagos has received its first ever ship call. The ship named “BBC Naples” berthed at the new jetty on Sunday evening to deliver essential equipment for ongoing construction work at the Dangote Refinery.

PTDF to intervene in refinery revamp

The Petroleum Technology Development Fund (PTDF) says it will support efforts to address some of the major challenges hindering the operations of Nigeria’s refineries.

Federal government to build 100,000bpd Brownfield refinery in Port Harcourt, Warri

Efforts to end massive fuel importation were unveiled, on Tuesday, as the Federal Government said it plans to establish a 100,000-barrels-per-day brownfield refinery in Port-Harcourt and Warri, as part of its refinery collocation initiative designed to boost local refining capacity.
Nigerian National Petroleum Corporation (NNPC)

NNPC to establish two additional refineries in Warri, Port Harcourt

The Nigerian National Petroleum Corporation (NNPC) says it has plans to establish 100,000-barrels-per-day brownfield refineries in Port-Harcourt and Warri to boost local refining of crude oil in the country.

Dangote oil refinery may be delayed till 2022

The oil refinery being built in Lagos by Dangote Group is unlikely to start production until 2022, two years later than the target date.
Dangote Cement's chief executive Devakumar Edwin gestures during an interview with Reuters in his office in Ikoyi district in Lagos April 7, 2014. REUTERS-Akintunde Akinleye

Devakumar Edwin: Dangote Refinery will be ready 2020

The Dangote Group has dismissed suggestions that the huge oil refinery being built in Lekki, Lagos Nigeria, will not be ready in 2020 as planned.

Dangote refinery to save $7.5bn through import substitution

The construction of the 650,000 barrels of crude oil per day Dangote Refinery is expected to help Nigeria save over $7.5 billion through import substitution.

Experts urge federal government to revive refineries to reduce fuel import

Experts, on Wednesday, called on the Federal Government to urgently revamp the nation’s refineries and create an enabling environment for private investment in refineries to curb the rising importation of petroleum products.

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