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Dangote Urges Fuel Marketers to Collect Available Supply as Refinery Holds 500m Litres
energy news offshore Oil and Gas

Dangote Urges Fuel Marketers to Collect Available Supply as Refinery

October 29, 2024

Aliko Dangote, president of Dangote Group, announced on Tuesday that his refinery can meet Nigeria’s demand for petrol, noting that about 500 million litres are currently available but not being collected by fuel marketers. Speaking with State House journalists after a meeting with President Bola Tinubu and the Implementation Committee on the Sale of Crude […]Read More

FG Appoints Afreximbank as Intermediary for Naira-Based Crude Sales to Boost Local Refining
energy news Oil and Gas

FG Appoints Afreximbank as Intermediary for Naira-Based Crude Sales to

October 29, 2024

The Federal Government has appointed the African Export-Import Bank (Afreximbank) to act as a financial intermediary for the recent naira-based policy for crude and refined petroleum sales introduced by President Bola Tinubu. Finance Minister and Economy Coordinator Wale Edun shared this development with reporters following a meeting with President Tinubu. Edun explained that Afreximbank, represented […]Read More

Ghana Eyes Fuel Imports from Nigeria’s Dangote Refinery for Cheaper Supply
energy news Oil and Gas

Ghana Eyes Fuel Imports from Nigeria’s Dangote Refinery for Cheaper

October 28, 2024

The Ghanaian government is considering importing fuel from Nigeria’s newly launched Dangote Refinery in a bid to secure a more affordable fuel supply for its domestic market. Addressing the OTL Africa Downstream Oil Conference in Lagos, Mustapha Abdul-Hamid, Chairman of Ghana’s National Petroleum Authority, emphasised the potential influence the refinery’s output could have on Ghana’s […]Read More

NLC Blames IMF for Fuel Subsidy Hardship, Calls Denial Cynical
energy news

NLC Blames IMF for Fuel Subsidy Hardship, Calls Denial Cynical

October 28, 2024

The Nigeria Labour Congress (NLC) has condemned the International Monetary Fund (IMF) for denying any role in the Nigerian government’s recent decision to remove the petrol subsidy. The NLC called this denial “cynical,” viewing it as typical behaviour of the IMF and World Bank, which it claims have consistently pressured developing nations into adopting harsh […]Read More

Adelabu Summons TCN, NERC Over Grid Collapses, Forms Investigative Committee
energy offshore power

Adelabu Summons TCN, NERC Over Grid Collapses, Forms Investigative Committee

October 22, 2024

Adebayo Adelabu, the minister of power, has called an emergency meeting with the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN) following recent disturbances to the national grid, which resulted in widespread blackouts across the country. A statement released by Bolaji Tunji, the minister’s special adviser for strategic communication and media […]Read More

Dangote Refinery Challenges Import Licenses Issued to NNPC, Matrix, A. A. Rano, Other Companies
energy news Oil and Gas

Dangote Refinery Challenges Import Licenses Issued to NNPC, Matrix, A.

October 21, 2024

Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit at the Federal High Court in Abuja, seeking to invalidate import licenses granted to the Nigeria National Petroleum Company (NNPC) Limited, Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies.  The refinery argued that these licenses, which allow the importation of refined […]Read More

Hexing Livoltek Opens Facility in Nigeria to Boost Jobs, Clean Energy Solutions
energy news power renewables

Hexing Livoltek Opens Facility in Nigeria to Boost Jobs, Clean

October 21, 2024

Hexing Livoltek, a global leader in technology, has announced plans to establish a manufacturing facility in Nigeria, focusing on advanced metering systems and solar energy solutions. This move is expected to boost local employment while supporting Nigeria’s growing demand for renewable energy. The announcement was made during a luncheon attended by Adebayo Adelabu, the Minister […]Read More

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