1 week ago Dangote refinery pauses Naira petrol sales over currency mismatch

From Adanna Nnamani, Abuja Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing the need to align its sales currency with crude oil purchase obligations, which are currently denominated in U.S. dollars. In a statement released on Wednesday, the refinery explained that its sales of petroleum products in Naira […] The post Dangote refinery pauses Naira petrol sales over currency mismatch appeared first on The Sun Nigeria.

Politics

1 week ago ‘Keep your dollar close to your chest’: Nigerians react to Dangote Refinery stopping petrol sales in Naira

Tribune Online ‘Keep your dollar close to your chest’: Nigerians react to Dangote Refinery stopping petrol sales in Naira In a recent development, Dangote Refinery has announced a temporary halt in the sale of petroleum products in Naira, citing the need to align its sales proceeds with its crude oil purchase obligations, which are denominated in US dollars.  Tribune Online reports that In a statement, the refinery clarified that its Naira-based sales had exceeded […] ‘Keep your dollar close to your chest’: Nigerians react to Dangote Refinery stopping petrol sales in Naira Tribune Online

Politics

2 w. ago Dangote announces seaport, cement plant projects in Ogun State

African industrialist Aliko Dangote revealed plans to build a seaport and expand cement production in Ogun State during a meeting read more Dangote announces seaport, cement plant projects in Ogun State

Politics

2 w. ago Dangote plans largest seaport in Ogun, laments $800m cement company demolition

The President/Chief Executive of Dangote Industries Ltd, Alhaji Aliko Dangote on Monday disclosed the readiness of the company to return to the Olokola Free Trade Zone in Ogun Waterside Local Government Area of the state for the largest seaport project in the country. Dangote also said that his company has equally returned to site to Read More

Politics

2 w. ago Delta community protests land occupation by Axxela for gas plant project

People of Emu Ebendo Community in Ndokwa West Local Government Area, Delta State, on Tuesday embarked on a peaceful protest read more Delta community protests land occupation by Axxela for gas plant project

Politics

3 w. ago How frequent fuel price changes are disrupting our business — Oil marketers

Tribune Online How frequent fuel price changes are disrupting our business — Oil marketers He said that following Dangote refinery’s announcement of a price cut by N65 at the ex-depot level, retail prices at its filling stations dropped from N925–N930 to N860 per litre. Shortly after, NNPC also reduced its retail price, intensifying competition between the two major players. How frequent fuel price changes are disrupting our business — Oil marketers Tribune Online

Economics