The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has described the $9 billion Dangote Refinery and the fertiliser plants, which are under construction at the Lekki Free Trade Zone, as transformational projects for Nigeria. Emefiele said this at the weekend during a facility tour of the project site in Epe, Lagos. […]
Read More The Lagos Chamber of Commerce and Industry (LCCI) has described the proposed Dangote Oil Refining and Petrochemicals as a looming economic transformation of the downstream sector of the petroleum industry. Beyond that, the group said the economic benefits of the oil refinery, when completed would have a far -reaching positive effects on the lives of […]
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Muda Yusuf is the Director General of Lagos Chamber of Commerce and Industry (LCCI). He holds degrees in economics from the University of Ilorin and the University of Lagos. Passionate about private sector development and a strong private sector advocate, he has played active roles in public private partnerships on all levels of government. In […]
Read More The oil refinery being built in Lagos by Dangote Group is unlikely to start production until 2022, two years later than the target date. Reuters quoted sources with direct knowledge of the matter as saying this in a report on Friday. The 650,000 barrel per day refinery, set to be Africa’s biggest, is expected to […]
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The Group Executive Director, Dangote Industries Limited, Devakumar Edwin, has said the oil refinery being built by the company will provide a ready market for the nation’s crude oil. Edwin was quoted in a statement as saying that the construction of the 650,000 barrels per day refinery would help Nigeria save over $7.5 billion through […]
Read More Ahead of the completion of the Dangote Oil Refinery, petroleum importing African nations and bulk oil distributors based in Ghana have expressed eagerness to patronise the Nigerian plant when production starts. The oil buyers said arrangements had been put in place to import petroleum products from the world’s largest single-train refinery, situated in Lekki, Lagos […]
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West African nations have started putting arrangements in place to enable them import petroleum products from Nigeria’s $12 billion Dangote refinery, barely two years ahead of its planned completion in 2019. Investigations by Vanguard showed that the nations which currently depend on the international market for supplies would be interested in importing commercial petroleum products […]
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Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has urged the Dangote Group to expedite work on its crude oil refinery to enable it to come on stream before the end of 2019. Kachikwu stated this on Monday in Lagos during his visit to the site of the Dangote refinery. Earlier, the President/Chief Executive, […]
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Lagos State Governor, Mr. Akinwunmi Ambode, on Tuesday said the largest single line refinery in the world being developed at the Lekki Free Trade Zone by Alhaji Aliko Dangote will change the face of oil and gas business in the West African region. Governor Ambode, said this at the LFTZ during an extensive inspection tour […]
Read More [su_dropcap]T[/su_dropcap]he Dangote Group, which is currently building what it calls the world’s largest refinery, has given an assurance that when the plant comes on stream, it will put an end to the recurring fuel crises in the country. The Executive Director, Stakeholder Management and Corporate Communications, Dangote Group, Mr. Mansur Ahmed, said by the time […]
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PRESIDENT of the Dangote Group, Alhaji Aliko Dangote, has said the gas pipeline being built by the company will triple the country’s consumption of the resource. Dangote said the 1,100-kilometer pipeline would give the country three billion cubic feet of gas, compared to the nation’s current consumption of one billion cubic feet. Nigeria is Africa’s […]
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The Central Bank of Nigeria has expressed its readiness to support the refinery, fertiliser and petrochemical complex being built by Dangote Industries Limited in Lagos by providing foreign exchange for the importation of equipment. The central bank said the project, when completed, would fetch the country about $6bn in foreign exchange yearly through the export […]
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