Chairman of Dangote Industries Limited (DIL), Aliko Dangote, has escalated an alleged corruption case against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission (EFCC). The petition was submitted through Dangote’s legal representative, barely 24 hours after he …
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has received a notice of withdrawal of petition against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Alhaji Aliko Dangote. The Commission said notice of withdrawal of the petition was submitted by legal counsel to Alhaji …
Dangote Petroleum Refinery has debunked a report circulating in sections of the media claiming that the refinery is shutting down due to maintenance issues. In a statement released on Monday, the refinery management described the reports as “false and misleading” and accused fuel importers of deliberately sponsoring such fabrication because they felt their commercial interests …
Nigerians have demanded a full probe into allegations of graft levelled against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPRA), Engr Farouk Ahmed, and prosecution if found guilty. They stated that the sudden resignation of Ahmed from his position should not hinder the investigation process. Ahmed, who was …
Nigerians have called on the Nigerian National Petroleum Company (NNPC) Limited to drop its pump prices of petrol below what is sold by Dangote Refinery distribution partners. This public demand further highlights a fascinating shift in Nigeria’s downstream oil market, now characterized by rising competition between the state-owned oil firm and private marketers. The public …
Dangote Refinery has urged petrol station owners and dealers nationwide to register for its direct supply scheme and benefit from the current gantry price of ₦699 per litre. It said the offer is available to all petrol station owners and dealers nationwide. The $20 billion refinery had on December 12, announced a ₦129 reduction of …
President Bola Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests followed the sudden resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials …
Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPRA), Engr. Farouk Ahmed, has debunked a viral statement purported to be his response to the recent allegations made against him by the President and Chief Executive of Dangote Group, Alhaji Aliko Dangote. In a terse statement released on Tuesday, December 16, Ahmed clarified …
President of the Dangote Group, Aliko Dangote, has said the pump price of premium motor spirit (PMS), also known as petrol, will come down to N740 per litre at filling stations across the country. Dangote, who spoke during a media briefing in Lagos on Sunday, said the new price will take effect on Tuesday, December …
The Dangote Refinery and Petrochemicals has revealed plans to sell five to 10 per cent of its stake on the Nigerian Exchange (NGX) Limited within the next year. Aliko Dangote, the founder of Dangote Group, reportedly hinted at this in an interview with S&P Global on October 20. He said the move will mirror the approach …
