Tag: Dangote Refinery

Ɗangote Refinery reduces petrol price by ₦49 per litre 

Aminu Imam
Ɗangote Refinery reduces

The Ɗangote Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (petrol) by ₦49 per litre, bringing the new rate to ₦828 per litre from the previous ₦877. The latest review, representing a 5.6 per cent decrease, took effect on Friday and marks the second major downward adjustment by the refinery in the past three months. The move comes as the company continues to respond to global oil market dynamics and efforts to stabilise domestic fuel supply. “Ɗangote has reduced gantry price from ₦877 per…

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Ɗangote expands refinery to world’s largest

Aminu Imam
Ɗangote expands refinery

…Pledges 65,000 jobs, fuel stability during Ember months Africa’s richest man, Aliko Ɗangote, has announced an ambitious expansion of the Ɗangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million bpd, a move that will make it the largest refinery in the world and create over 65,000 new jobs for Nigerians. Speaking during a media briefing at the refinery complex in Lekki, Lagos,  at the weekend, Ɗangote said the expansion reflects confidence in Nigeria’s industrial potential and supports President Bola Ahmed Tinubu’s drive for full domestic refining and…

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Ɗangote Refinery resumes full operations, raises petrol price to ₦877

Aminu Imam
Ɗangote Refinery resumes

The Ɗangote Petroleum Refinery has resumed full operations, raising the gantry price of Premium Motor Spirit (PMS), popularly called petrol, by 7%, from ₦820 to ₦877 per litre. According to reports, market checks showed that oil marketers purchasing two million litres and above would continue to enjoy a relatively lower price compared to depot owners. Despite the increase, the refinery’s price remains cheaper than the ₦890–₦900 per litre currently charged by many private depots. According to data released by Petroleumprice.ng on Thursday, major depot operators such as Pinnacle and Rainoil…

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Ɗangote Refinery deploys CNG trucks to distribute petrol at ₦850 per litre

Aminu Imam
Ɗangote Refinery deploys CNG

The Ɗangote Petroleum Refinery has intensified efforts through the use of Compressed Natural Gas (CNG)-powered trucks to distribute Premium Motor Spirit, (PMS), also known as petrol at ₦850 per litre to different parts of the nation. According to the Chief Executive officer of Petroleumprice.ng, Olatide Jeremiah: “Generally, the depot prices have increased. Market data showed that petrol sold between ₦870 and ₦900 per litre at key depots in Lagos and Calabar, reflecting a steady climb over the past week. “In Lagos, where most private depots rely on imported supply, prices…

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Ɗangote Refinery: “Nigeria greater than PENGASSAN” – VP Shettima

Aminu Imam
VP Shettima on Dangote

Vice-President Kashim Shettima has said that Nigeria is greater than the Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN), following the rift between the Association and the Ɗangote refinery. Shettima made this statement yesterday, at the opening of the Nigerian Economic Summit (NES) 2025 in Abuja, stressing the critical importance of the 650,000-barrel-per-day Ɗangote Refinery and declared that it must be supported at all costs to succeed. He said that the $20 billion facility is a national asset that must be supported to function. “Aliko Ɗangote, he’s not…

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ACF urges protection for Ɗangote Refinery as ‘Strategic National Asset’

Aminu Imam
ACF on Ɗangote refinery

The Arewa Consultative Forum, (ACF), has condemned what it describes as attempts to undermine the Ɗangote Petroleum Refinery and Petrochemicals Company. It has also called for the protection of the multi-billion dollar facility as a strategic national asset. In a statement issued yesterday, signed by its National Publicity Secretary, Prof. Tanko Baba, the ACF expressed concern over what it termed “thinly disguised attempts” to sabotage the operations of Nigeria’s largest privately-owned refinery located in Ibeju-Lekki, Lagos State. The Forum listed several challenges the facility had faced since inception, including crude…

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Ɗangote Refinery: Oshiomhole slams PENGASSAN for escalating dispute

Aminu Imam
Oshiomhole PENGASSAN

Former Nigeria Labour Congress president and senator, Adams Oshiomhole, has criticised the Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN), for escalating its disagreement with the Ɗangote Refinery into a nationwide shutdown of oil facilities, describing the move as hasty and unfair to other workers. Speaking during a televised interview yesterday, Oshiomhole said while unions have the right to defend workers, they must do so in ways that do not create wider economic hardship. “I think that in seeking to protect a particular set of workers, you do…

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PENGASSAN denies signing Ɗangote truce to suspend strike

Aminu Imam
PENGASSAN denies

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has distanced itself from the Federal Government’s communiqué, which announced the suspension of its nationwide strike against Ɗangote Refinery, insisting it did not sign the document. Recall that the union reportedly suspended its industrial action on Wednesday, October 1, after government intervention, but stressed that its concerns over the welfare of more than 800 sacked workers were not fully addressed. However, appearing on a television programme yesterday, PENGASSAN President, Festus Osifo, explained that the communique presented after the negotiations…

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Blackout, fuel price fears as PENGASSAN strike shuts down oil, gas sector

Aminu Imam
PENGASSAN strike

…Court stops PENGASSAN Nigeria’s energy sector was thrown into turmoil yesterday, as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) shut-down key oil and gas institutions in protest against the mass sacking of 800 workers at the Ɗangote Petroleum Refinery. The strike forced the Nigerian National Petroleum Company Limited (NNPCL), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) under lock and key in Abuja, with workers chanting solidarity songs and barricading entrances. PENGASSAN ordered members in international oil…

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Ɗangote Refinery: Blackout imminent, as PENGASSAN declares nationwide strike

Aminu Imam
PENGASSAN declares

…FG summons parties for reconciliation meeting The Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN), has directed its members nationwide to withdraw their services following the alleged mass dismissal of some Nigerian workers by Ɗangote Refinery. This was announced in a circular issued after an emergency National Executive Council meeting on Saturday, and signed by General Secretary, Lumumba Okugbawa. The union accused the refinery of violating Nigeria’s labour laws, the Constitution, and International Labour Organisation (ILO) conventions, by dismissing workers for joining the association. It alleged the refinery…

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