Tag: Dangote
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Dangote Refinery Sign $350M EIL Contract for 1.4M bpd Upgrade
Overview: A New Phase for Nigeria’s Largest Refinery The Dangote Refinery, Africa’s largest private sector project, has secured a pivotal contract worth over $350 million. India’s state-owned Engineers India Limited (EIL) will provide Project Management services for the refinery’s ambitious upgrade to a capacity of 1.4 million barrels per day (bpd). The agreement underscores the…
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Dangote Assures Nigerians: Price Stability and Refinery Stock Listing Amid Expansion Plans
Overview: Stability in a volatile market In a major reassurance to Nigerians facing fuel supply concerns, Dangote Group’s leadership has confirmed resilience in price stability and the listing of refinery stocks. The statements come at a time when the Nigerian downstream sector seeks greater transparency and reliability as the group pushes ahead with its ambitious…
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Dangote Promises Price Stability as Refinery Expansion Hints at 1.4mbpd Feasibility
Dangote Signals Price Stability Amid Stock Listing Plans Nigerians could see greater price stability in fuel markets as Dangote Group signals a commitment to transparent stock listings and measured production growth. Speaking to investors and industry partners, the company’s chief executive outlined intentions to ensure more predictable pricing through better visibility of petroleum product stocks…
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Dangote Refinery Price Stability and Stock Listing Feasible: Expansion in Three Years
Dangote Seeks to Stabilize Prices Amid Stock Listing Push Nigerians received a clear message from the Dangote Group: price stability for motor fuels and the listing of Dangote Refinery stocks are achievable targets within the coming years. The steadying of prices and the prospect of stock market visibility for Nigeria’s largest privately run refinery could…
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Dangote pledges N15b to distributors as cement capacity target rises to 90m t by 2030
Dangote Group outlines bold growth while rewarding distributors The Dangote Group, led by Africa’s richest businessman, Aliko Dangote, announced a two-pronged strategy on Wednesday: expand cement production capacity to about 90 million tonnes by 2030 and recognize the firm’s distribution partners with substantial gifts totaling roughly N15 billion. The move underscores Dangote Cement’s ongoing push…
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ICPC Launches NMDPRA Probe After Dangote Corruption Petition
Overview: A New Chapter in Nigeria’s Oil Sector Governance The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced it will investigate a corruption petition that targets leadership at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The development marks a pivotal moment in the ongoing effort to reform Nigeria’s oil and…
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ICPC Opens NMDPRA Probe Over Dangote Petition: Nigeria’s Oil Sector in the Spotlight
Background: A New Controversy in Nigeria’s Oil Sector The Nigerian oil and gas landscape faces fresh scrutiny as the Independent Corrupt Practices and Other Related Offences Commission (ICPC) announces it will investigate a petition alleging corruption related to the Chief Executive Officer of the Niger Delta’s regulatory body. The petition, which centers on the Nigerian…
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ICPC Opens NMDPRA Probe Over Dangote Corruption Petition
ICPC Launches Probe Following Dangote Petition The Nigerian anti-corruption watchdog, the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has announced that it will investigate a petition accusing an executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of corruption. The move marks the latest development in a long-running scramble over governance…
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Dangote Petitions ICPC Against NMDPRA MD Ahmed Farouk Over Alleged Corruption
Overview: Dangote lodges petition with the ICPC The Nigerian business giant Dangote Group has reportedly submitted a formal petition to the Independent Corrupt Practices Commission (ICPC) alleging corruption involving the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk. While the specifics of the complaint are not fully disclosed in…