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The House of Representatives has requested for the Chief Executive of the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) to be suspended while thorough investigations are conducted into the allegations against the Authority.

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The House of Representatives has requested for the Chief Executive of the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) to be suspended while thorough investigations are conducted into the allegations against the Authority.

After Honorable Esosa Iyawe raised a motion of urgent public importance in the House regarding the immediate necessity to resolve the outage caused by what he referred to as reckless remarks from him, this action was taken.

Hon. Iyawe said, “In their defence, Dangote called for a test of their products, which was supervised by Members of the House of Representatives, wherein it was revealed that Dangote’s diesel had a Sulphur content of 87.6 ppm (parts per million), whereas the other two samples diesel imported showed Sulphur levels exceeding 1800 ppm and 2000 ppm respectively, thus disproving the allegations made by the NMDPRA boss.

“Allegations have been made that the NMDPRA was giving licences to some traders who regularly import high-Sulphur content diesel into Nigeria, and the use of such products poses grave health risks and huge financial losses for Nigerians.

“The unguarded statements by the Chief Executive of the NMDPRA, which has since been disproved, sparked an outrage from Nigerians who tagged his undermining of local refineries and insistence on the continued importation of fuel an act of economic sabotage, as the imported products have been shown to contain high levels of dangerous compounds.”

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Dangote refinery: Naira transaction for PMS to begin October 1st – NNPC

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The Nigerian government has announced that it will begin paying Dangote Refinery in Naira for petrol supply starting October 1st.

This decision was made after a meeting with the Implementation Committee on the Naira crude oil sale.

The government also disclosed that the Dangote Refinery and other local refiners in Nigeria will begin to buy crude oil from the Nigerian National Petroleum Company (NNPC) Limited on October 1, 2024.

The NNPC will supply approximately 385,000 barrels per day of crude oil to the Dangote Refinery, which will be paid for in Naira.

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Dangote Refinery plans sea transport for 75% of local supply, targeting Warri, Port Harcourt, and Calabar

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Dangote Refinery has announced plans to transport 75% of its local petroleum product supply via sea routes, targeting key locations like Warri, Port Harcourt, and Calabar.

This shift to sea transportation aims to reduce the higher costs associated with road distribution.

The refinery has the capacity to load 83% of its products by road, but it is ramping up efforts to evacuate nearly all production by sea.

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“Lagos: N950/l, Borno: N1,019/l” – NNPC announces increase in the pump price of petrol at filling stations nationwide.

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The NNPC has announced an increase in the pump price of petrol at filling stations nationwide, with prices varying by location .

In Lagos, the price has been increased to N950 per liter, while in Borno, it has been increased to N1,019 per liter.

The price increase is due to several factors, including the global increase in crude oil prices, the removal of fuel subsidies, and exchange rate fluctuations.

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