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Refinery Saga: NNPCL Supplies Insufficient Crude Oil To Us, Dangote Cries Out

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Amidst the lingering crisis, Dangote Refinery has revealed that the Nigeria National Petroleum Company Limited, NNPCL, is supplying insufficient crude oil for its production demand, hence it is planning to source from brazil and America.

The President of Dangote Group, Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, alongside NNPCL, had been locked in a dispute, ranging from monopoly allegations to supply of crude for the refinery, substandard fuel imports and ownership of blending plants in Malta.

However, Dangote, in a new revelation, said for the $20 billion refinery to meet its production demand, it must look for other sources of crude oil supply overseas as the NNPCL allocation is insufficient.

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He said the refinery, which has the capacity of refining 650,000 per day, could not defend on short supply from Nigeria’s oil company.

READ ALSO: Group Urges Bauchi Govt To Release Fund For Healthcare Service Delivery

Rabiu A. Umar, Group Chief Commercial Officer, Dangote Industries Limited, told newsmen in Kano on Friday that NNPC supplies only 33 perc ent of crude to the refinery, disclosing that it had to look elsewhere to source the remaining 67 percent to meet its production capacity.

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According to Umar, the refinery had concluded plans to supply crude oil from Brazil and America by August.

“First of all the refinery is here in Nigeria. We have the crude oil here in Nigeria. We thought we would get the crude oil here and refined it here in our refinery for the benefit of the country and the citizens.

“Ironically, the country takes the crude oil overseas for refining while we have a refinery, one of the biggest in the world.

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“So, we will not stay idle. We have to look for other sources to meet our production capacity. If we get the crude oil supply here in the country we have no reason to go overseas.

READ ALSO: Obasanjo Makes Shocking Revelation About His Birth

“Even now, we are planning to supply crude oil from countries like Brazil and the USA,” he said.

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He said the refinery had commenced supplies to foreign countries since February, disclosing that they receive orders from different countries for supply, especially aviation fuel.

The Chief Commercial Officer also revealed that the refinery needs 15 cargos of crude oil in September but NNPCL promised only 5 to it, lamenting that they see the government’s lackadaisical actions towards the refinery as sabotage.

According to him, the refinery should be celebrated and embraced by the government rather than painting it black as it is the biggest employer of labour with over 50,000 workers at the moment.

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He emphasized that against the government’s false narratives, the refinery had started on a positive note as the quality of its refined products would be standard.

READ ALSO: NEDC Assures Adequate Development In Northeast Region

He said even the House of Representatives, under the leadership of the its speaker, visited the refinery, saw the difference and was satisfied with the quality of the products.

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The official also said, “we are here to defend ourselves and all the government narratives are not true. We urge the people to take samples of our products to ascertain their quality.

“We will not be deterred by the government’s criticism. We will continue until we reach the promised land.

A business analyst in Kano, Abdussalam Kani, on his part demanded an apology to Dangote by the federal government and the national Assembly.

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He also levelled the NMDPRA boss, Ahmed Farouk’s comments against the refinery treasonable offence that deserves punishment .

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Naira Extends Appreciation Against US Dollar

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The naira extended appreciation against the dollar at the official foreign exchange market on Wednesday.

The Central Bank of Nigeria’s data showed that the Naira further firmed up on Wednesday to N1,418.26 per dollar, up from N1,419.07 exchanged on Tuesday.

Wednesday’s uptrend represents a slight N0.80 gain against the dollar on a day-to-day basis.

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READ ALSO:Naira Records Significant Appreciation Against US Dollar

Meanwhile, at the black market, the Naira remained unchanged against the dollar at N1,480 per dollar on Wednesday, the same rate recorded the previous day.

The development comes as Nigeria’s foreign reserves further rose to $45.62 billion as of January 6th, 2026.

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Recall that on Tuesday, the Naira posted a N10.24 gain against the dollar.

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Naira Continues Gain Against US Dollar As Nigeria’s Foreign Reserves Climb To $45.57bn

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The Naira appreciated further against the United States Dollar at the official foreign exchange market, beginning the week on a good note.

Central Bank of Nigeria data showed that the Naira strengthened on Monday to N1,429.31 per dollar, up from N1,430.85 exchanged on Friday, 2 January 2026.

This means that the Naira gained N1.56 against the dollar on Monday when compared to N1,430.85 last week Friday.

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READ ALSO:Naira Records Significant Appreciation Against US Dollar

At the black market, the Naira dropped by N5 to N1480 per dollar on Monday, down from N1475 traded Friday.

The development comes as the country’s external reserves rose to $45.57 billion as of Friday last week.

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NNPCL Reduces Fuel Price Again

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The Nigerian National Petroleum Company Limited, NNPCL, has again reduced its premium motor spirit price.

In Abuja, on Monday morning, it was gathered that NNPCL retail outlets have reduced their fuel price to N815 per liter, down from N835.

This means that the NNPCL filling stations cut their price by N20.

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The fresh price has been implemented at NNPCL filling stations in Wuse Zone 6 and 4 Abuja, Keffi-Abuja Road, and Kubwa Expressway.

READ ALSO:Fuel Price Cut: NNPCL GCEO Ojulari Reveals Biggest Beneficiaries

An NNPCL filling station attendant, who preferred anonymity, told DAILY POST that the new price was implemented on Sunday evening.

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However, the N815 per liter is N79 higher than the N739 per liter sold at Dangote Refinery’s backed MRS filling stations nationwide.

DAILY POST recalls that NNPCL on December 19, 2025, cut its price of petrol by N80 to N835 amid a price war among players in the country’s oil downstream sector triggered by Dangote Refinery’s gantry price reduction to N699 per liter.

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