Some Ibadan residents have expressed anxiety over an anticipated increase in prices of items following Dangote Refinery’s move to stop the transaction of petroleum products in Naira come March 31. The respondents shared their minds in separate interviews with the News Agency of Nigeria (NAN) in Ibadan on Tuesday. A graphic designer, Mr Oluyemi Ojeyemi,…
Dangote Cement Plc has achieved a “B” score in climate change and water security disclosures released by the Carbon Disclosure Project (CDP). This is contained in a statement by the Managing Director and Chief Executive, Dangote Cement, Mr Arvind Pathak, on Monday in Lagos. The News Agency of Nigeria (NAN) reports that CDP is the…
The Aliko Dangote Foundation on Tuesday donated 25,000 bags of rice to the less privileged in Bauchi State as palliative to help ease their Ramadan fasting. Speaking during the distribution, Mr Ahmed Hashim, a representative of the Dangote Foundation, said that the foundation would also distribute the 10 kilograms bags of rice to some privileged…
The Federal High Court (FHC) in Abuja on Tuesday, dismissed the Nigeria National Petroleum Company Limited (NNPCL)’s objection against a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo in a ruling, dismissed the objection on the grounds that the application was incompetent. Justice Ekwo held…
The President of Dangote Group, Alhaji Aliko Dangote, said his company returned to invest in Ogun due to Gov. Dapo Abiodun’s investor-friendly policies. Dangote made this known on Monday during a courtesy visit to the governor at his office in Abeokuta. He noted that the state had become one of Nigeria’s most attractive investment destinations…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says its contract with Dangote Refinery for the sale of crude oil in Naira was structured as a six-month agreement. The Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, on Monday in a statement said this was subject to availability, and expires at ending of March 2025….
Dangote Cement has reported a 62.2 per cent revenue growth, reaching N3,580.6 billion in 2024. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) also grew by 56.0 per cent to N1,388.2 billion, with a 38.6 per cent margin. Arvind Pathak, Chief Executive Officer and Group Managing Director of Dangote Cement, disclosed this in…
For the second time this month, Dangote Petroleum Refinery has again announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N890 to N825 per litre. This follows a N60 reduction earlier on February 1, a move aimed to provide relief to Nigerians, particularly during the Ramadan season,…
A Federal High Court in Abuja on Wednesday, fixed March 18 for ruling on the Nigeria National Petroleum Company Limited (NNPCL)’s preliminary objection against a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo fixed the date after counsel to the NNPCL,, Ademola Abimbola, SAN, and…
