Nigerian banks increase petrol import financing to ₦3.5tn in bid to ensure supply stability.
Dangote refinery
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Petroan insists it will import its petrol cheaper than existing prices
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‘It is a double tragedy,’ says Dangote, insisting NNPC and marketers must begin to source fuel locally and stop importing.’
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Instead, Tinubu touts Naira based crude sales as a way of reducing foreign exchange dependency.
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The start of operations of Aliko Dangote’s Lagos‐based refinery have helped him double his net worth to $28 billion, according to Bloomberg Billionaires Index.
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The federal government has decided that petroleum marketers in Nigeria can buy petrol directly from Dangote Refinery instead of NNPCL which has been the sole off taker.
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Dangote Refinery is a transformative project that will change the future of Africa, AU’s Chambas says.
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Nigeria’s Federal Government has started delivering 400,000 barrels of crude oil daily to the Dangote Refinery under the naira-for-crude deal
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CBN Governor Yemi Cardoso discusses how for one, exporting petroleum from the Dangote Refinery will ease pressure on the FX, the outcome of passenger and freight charges consistent with food …
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Nigeria will begin naira-based crude sales to the Dangote Refinery on October 1, a move aimed at strengthening the local economy.
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