FEC Approves Continuation Of Naira-for-crude Initiative
The Federal Executive Council has formally ordered the full implementation of the previously suspended Naira-for-Crude agreement with local refiners. The Minister of Finance Wale Edun at a meeting with representatives of the Dangote Refinery yesterday said the naira-for-crude initiative is still in effect and will continue for as long as it aligns with the public […]
IPMAN Reach Agreement with Dangote Refinery to lift Petroleum Products directly
Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery to lift Petroleum products directly for distribution to depots and retail outlets. IPMAN National President, Abubakar Garima, announced this in Abuja today after a meeting of the National Working Committee of the Association, saying that the partnership will ensure steady, and […]
FEC Approves Sale of Crude Oil to Dangote Refinery and others in Naira
The Federal Executive Council has approved the sales of crude oil to local Refineries in Nigeria, Including Dangote Refinery to be denominated in Naira at a fixed exchange rate. Announcing this after the FEC meeting on Monday, the Special Adviser on Revenue to the President and FIRS Chairman, Zack Adedeji explained that the strategic intervention is […]
Stakeholders in oil and gas speak on resolving issues
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has convened a high-level meeting with key stakeholders in the oil and sector to resolve issues surrounding the Dangote Refinery. The minister convened the meeting which held yesterday in Abuja to find a lasting solution to the current impasse affecting the Dangote Refinery, with all parties […]
Dangote Refinery further reduces aviation fuel and diesel costs
Dangote Petroleum Refinery has announced a further reduction in the prices of diesel and aviation fuel to N940 and N980 per litre, respectively. Its Head of Communication, Anthony Chiejina, said the price change of N940 is applicable to customers buying five million litres and above from the refinery, while the price of N980 is for […]
