Africa’s richest man Aliko Dangote’s refinery halts petroleum products sales in naira
The decision follows a major policy shift by NNPC, which scrapped the naira-for-crude oil swap deal just ten days ago.
Dangote Petroleum Refinery
Aliko Dangote’s refinery, others under pressure as NNPC ends naira-for-crude deal
The move is expected to drive up operational costs and could lead to higher fuel prices.
Africa’s richest man slashes petrol prices in Nigeria by 13 percent in 2025
This aligns with Nigeria’s broader economic recovery efforts under President Bola Ahmed Tinubu and aims to ease financial pressure on consumers.
Africa’s richest man Aliko Dangote’s refinery cuts petrol price by 6 percent
The decision follows favorable shifts in the global energy market and a notable drop in international crude oil prices.
Billionaire Aliko Dangote’s oil refinery to commence operation by mid-2023
The project is back on track after being hampered by several issues.
Africa’s richest man Aliko Dangote to raise $723 million to finance $19-billion refinery plant in Lagos
The refinery’s pipeline infrastructure will process 540,000 barrels of Nigerian crude per day in the first phase of operation.