Business
Dangote Refinery Secures License To Refine Over 300,000 Barrels Of Crude Daily
Speaking on the commencement of operations of the refinery, Dangote said the refiner will start…
Aliko Dangote says the Dangote refinery has secured a license to refine more than 300,000 barrels of Nigerian crude per day and will begin to process petrol “soon”.
VerseNews reports that Dangote said this in an interview on Saturday in Riyadh on the sidelines of the Saudi-Nigeria business roundtable.
“We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” the billionaire told Bloomberg.
“We’re more than ready and you will see our gasoline products soon.”
Speaking on the commencement of operations of the refinery, Dangote said the refiner will start producing “very very soon”.
He said the refinery’s first priority is to supply petrol to Nigeria before exporting to elsewhere, including the West African region.
Dangote said the 650,000 barrel-a-day facility — which is expected to produce 27 million litres of diesel, 11 million litres of kerosene and 9 million litres of jet fuel — will receive crude from other producers in Nigeria, as well as the country’s state oil company.
14 Days to Keep Him in Custody, Endless Silence to Hear Him: How Nigeria’s Court of Appeal Built a Cage — Then Locked the Courtroom Door
A lawyer, Onyedikachi Ifedi, has challenged the legal basis of Nnamdi Kanu’s conviction, alleging reliance on a repealed law and...
Atiku Reveals What He Discussed With Aisha Buhari During Abuja Meeting
Former First Lady Aisha Buhari has visited former Vice-President and African Democratic Congress (ADC) presidential candidate Atiku Abubakar in Abuja.
Anambra Government Releases Peter Obi’s Debt Records, Puts Outstanding Loans at N127.4bn
The Anambra Government says eight external loans contracted during Peter Obi’s tenure as governor had an outstanding balance of N127.4...
Iran War Supply Shock Pushes Nigeria’s Cooking Gas Demand Down 23%
Nigeria’s cooking gas (LPG) demand fell by nearly 23 per cent to a seven-month low in June as import constraints...
BREAKING: Court Orders Atiku to Serve Tinubu Through APC in 2027 Eligibility Suit
The Federal High Court in Abuja has granted Atiku Abubakar permission to serve President Bola Tinubu with court documents through...
BREAKING: Veteran Nollywood Actor Olu Jacobs Dies at 84
Veteran Nollywood actor Olu Jacobs has died at 84. His son, Olusoji Jacobs, announced the death on Instagram as the...
‘I’m Deeply Sorry, Daddy’ — Desmond Elliot Kneels Before Gbajabiamila
Desmond Elliot has apologised to Femi Gbajabiamila after their fallout over the APC primary in Surulere, with the Lagos lawmaker...
Dangote Refinery IPO: Nigerians Can Become Part-Owners With Just N5,250
Aliko Dangote has urged Nigerians and Africans to invest in the Dangote Refinery IPO, describing the N1.6bn offer as an...
BREAKING: Peter Obi Faces Fresh Certificate Scrutiny as Court Asked to Order WAEC, UNN, NYSC to Release Records
Labour Party chieftain Abayomi Arabambi has asked an Abuja Federal High Court to compel WAEC, UNN and NYSC to release...
IPOB: One Family, One Command — Unity Team Inaugurated to End the Era of Manufactured Factions
IPOB has renewed its call for Nnamdi Kanu’s release, warning that it will proceed with a total election boycott across...
You must be logged in to post a comment Login