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…
