President Tinubu Orders NNPC to Supply Dangote with Crude in Local Currency

President Bola Ahmed Tinubu has made a significant move to stabilize Nigeria’s economy by directing the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to the Dangote Refinery in Naira. This directive aims to bolster the local currency and mitigate the volatility in the pump price of refined fuel and the Dollar-Naira... Read More

Dangote Refinery vs. IOCs: Accusations of Operational Sabotage

In a startling revelation, Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has accused International Oil Companies (IOCs) of deliberate sabotage aimed at crippling Dangote Refinery’s operations. Edwin claims these companies are inflating the prices of local crude oil, forcing the refinery to import more expensive crude from abroad. Edwin... Read More