Independent Monitors Group on Economic Reforms, has commended Dangote refinery, for sustaining production and distribution of quality petroleum products in Nigeria. Douglas Inedu, President of Independent Monitors Group on Economic Reforms, in a statement he signed in Abuja, said it took the patriotic act of Dangote refinery to end the era of importation and distribution…
A meeting was held on Monday between the Minister of State Petroleum Resources, Heineken Lokpobiri, and Aliko Dangote, Chairman and CEO of Dangote Group, to address concerns surrounding the Dangote Refinery. The refinery, located in the Ibeju-Lekki area of Lagos State, has been at the center of a dispute between Dangote and Nigerian regulatory authorities…
This decision comes after the government raised concerns that Dangote’s newly built refinery in the country would give him a monopolistic advantage. Africa’s wealthiest individual, Aliko Dangote, has scrapped plans to invest in a new steel plant in Nigeria. This decision comes after the government raised concerns that Dangote’s newly built refinery in the country…
Chairman and Chief Executive of the Dangote Group, Aliko Dangote has condemned the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). The apex bank had increased the Monetary Policy Rate(MPR) for the third straight time from 24.75 per cent to 26. 25 per cent in May….
In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. In a release from the Company, said “while rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent…
The Chief Executive Officer/President of Dangote Industries Limited, Aliko Dangote, has been honoured with the award of the National Order of the Lion by President Macky Sall of the Republic of Senegal. This information was disclosed by a reliable source on Thursday. Ekweanaedo News understands that “National Order of the Lion Award” is the highest…
The Nigerian Senate has invited 15 companies including Dangote Oil Refinery, NIPCO Gas Limited, and NIPCO Plc to explain how they spent over N120 billion intervention fund disbursed to them by the Central Bank of Nigeria. The Senate in a memo to the companies, signed by Senator Jarigbe Jarigbe, Chairman, Senate Committee on Gas, said…
The Dangote Group yesterday received accolade from President Bola Ahmed Tinubu, who expressed government’s position over the company’s numerous activities in Nigeria and across Africa. The President’s appraisal came at the heels of Laurels received by the company for creating thousands of job opportunities and imparting lives positively. President Tinubu, who visited Dangote’s compartment at…
