News

Groundbreaker: 21 Facts About Dangote Refinery To Be Commissioned On Monday

Published

3 years ago

May 21, 2023

The completion of the Dangote Petroleum Refinery and Petrochemicals in Lagos State is a groundbreaking event, one that brings great pride to Nigeria, with great prospects of helping the nation experience transformations in the petroleum sector.

President Muhammadu Buhari will on Monday commission the plant which is arguably Africa’s biggest oil refinery and the worlds biggest simple-train facility.

There is no doubt that this venture will create more employment opportunities for Nigeria’s teeming population.

Beyond this, here are 19 facts about the refinery that everyone interested should know.

1. It is located in Ibeju, Lagos, Covering a land area of approximately 2,635 hectares.

2. World’s Largest Single-Train 650,000 barrels per day Petroleum Refinery with 900 KTPA Polypropylene Plant.

3. The Refinery is powered by a 435 MW Power Plant.

4. At full capacity, it can meet 100% of the Nigerian requirement of all refined products and also have surplus for export.

5. Designed for 100% Nigerian Crude with flexibility to process other crudes.

6. Self-sufficient marine facility with ability for freight optimisation. Largest single order of 5 SPMs anywhere in the world.

7. Diesel & gasoline from the refinery will conform to Euro V specifications.

8. The refinery design complies with World Bank, US EPA, European emission norms and Department of Petroleum Resources (DPR) emission/effluent norms.

9. It incorporates state-of-the-art technology.

10. It is designed to process large variety of crudes including many of the African Crudes, some of the Middle Eastern Crudes and the US Light Tight Oil.

11. About 65 million cubic metres of sand dredged, costing approximately €300 million, using the world’s largest dredgers.

12. Over 1,200 units of various equipment were bought to enhance the local capacity for site works.

13. Dangote Group bought 332 cranes to build up equipment installation capacity.

14. Also built is the world’s largest granite quarry to supply coarse aggregate, stone column material, stone base, stone dust & material for break water (10 million tonnes per year production capacity).

15. In a bid to bring over dimensional cargoes close to the site directly, Dangote Group had to developed a port and constructed two quays with a load bearing capacity of 25 tonnes/sq metre.

16. Constructed two more quays in the port with a capacity to handle up to Panamax vessels to export, two quays to handle liquid cargoes.

17. The port will have 6 quays, including a roll-on/roll-off quay.

18. In the course of the civil works, 700 piles were drilled on some days, with total number of piles up to 250,000.

19. It has 177 tanks of 4.742 billion litres capacity

20. Dangote is one of the few companies in the world executing a Petroleum Refinery and a Petrochemical complex directly as an Engineering, Procurement, and Construction (EPC) Contractor.

21. Training of 900 young engineers in refinery operations abroad. Mechanical Engineers trained in the GE University in Italy. Process engineers trained by Honeywell/UOP for six months.

SOURCE: CHANNELS TV

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

45 minutes ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

1 hour ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

3 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.