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August 11, (THEWILL) – The recent directive by President Bola Tinubu, sequel to a deliberation of the Federal Executive Council (FEC) that the Nigerian National Petroleum Company (NNPC) Limited should begin to sell crude oil to Dangote Refinery and other upcoming refineries in Naira bodes well for the Nigerian economy. The Federal …
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The Nigerian National Petroleum Company (NNPC) Ltd has acquired a 20% stake in Dangote refinery for $2.76 billion through a $1.036 funding from Lekki Refinery …
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Nigerias Dangote oil refinery might kick off test runs this week following the arrival of its sixth crude cargo on Monday, after enduring years of delays. | Business Insider Africa ... Oil explorers in the country export crude to foreign refiners and import it back to the country for sale to downstream players, eroding its foreign exchange ...
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The new $20 billion refinery on the outskirts of Lagos, built by Nigerian billionaire Aliko Dangote, has a capacity of 650,000 barrels per day. ... Dangote refinery …
The Nigerian National Petroleum Company Limited, NNPCL, has reached an agreement to sell crude oil to Dangote Petroleum Refinery in Naira. The Nigerian …
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The Federal Executive Council (FEC) has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other …
President Approves sale of crude to refinery. The Federal Executive Council's new directive will see the 450,000 barrels of crude earmarked for domestic …
"Dangote Refinery at the moment requires 15 cargoes of crude, at a cost of $13.5 billion yearly. NNPC has committed to supply four. "But the FEC has approved …
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The Nigerian National Petroleum Company Ltd has pledged 335,000 barrels per day (bpd) of crude oil to acquire a 20 percent stake in the Dangote Refinery.Data …
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He said the corporation was working to ensure the augmentation of crude oil production to 500 barrels per day, with 300 barrels having a ready market at the refinery on completion. According to Kyari, the direct sale of crude oil to the refinery will reduce export and importation costs and generate employment for many people in the country.
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in …
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The Dangote Petroleum Refinery and Petrochemical Project is a subsidiary of Dangote Industries Limited with a crude oil refinery capacity of 650,000 barrels per day, located in Dangote Industries Free Zone, Ibeju-Lekki, Lagos, Nigeria. Africa's largest refinery to finally begin operations as Dangote receives initial crude
Africa's wealthiest man Aliko Dangote, has offered to sell his 650,000 barrels per day (bpd) oil refinery to the Nigerian National Petroleum Corporation (NNPC).
Nigerian billionaire Aliko Dangote has expressed his willingness to sell his world's largest refinery to the Nigerian National Petroleum Company Limited ().. This announcement comes amid ongoing disputes over the Sulphur content of petroleum products produced at the refinery and a reported misunderstanding between the …
Aliko Dangote, Africa's richest man has announced intentions to publicly list his Dangote Petroleum Refinery on the Nigerian Exchange Limited.; The move aligns with Dangote's broader business strategy and could impact the company's valuation and investor engagement positively.
Approvals for Exxon Mobil's $1.3 billion asset sale to Seplat and Shell's divestment to Renaissance remain pending. "The signing ceremony will be conducted in the next few days," Komolafe said. Eni had previously announced the sale of its NAOC subsidiary to Oando in September.
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