Dangote refinery buys more foreign crude

NNPC, Dangote, Naira-for-Crude Deal and other Matters
Apparently, the major source of discomfort for Dangote Refinery at the moment, as can be seen in the sponsored campaign materials, is the continued importation of refined products by NNPC and other marketers.
Nigeria's NNPC, Dangote Refinery in talks to extend naira-based crude supply deal
Nigeria's state oil company NNPC Ltd has begun discussions with the Dangote Oil Refinery to extend its contract for supplying crude oil in the naira currency, the company said. The original six-month agreement,
Nigeria’s NNPCL Dismisses Reports of Dangote Refinery Crude Contract Termination
The Nigerian National Petroleum Company Limited (NNPCL) has clarified reports about the alleged termination of its crude oil sales agreement with the Dangote Refinery. Olufemi Soneye, the NNPCL’s Chief Corporate Communications Officer,
Oil loans disrupt Nigeria’s naira-for-crude deal
A controversial naira-for-crude arrangement between the Nigerian government and refiners, including the giant Dangote Refinery, has
NNPC’s Dangote refinery to extend crude supply deal
Nigeria's state oil company, NNPC, has initiated talks with Dangote Oil Refinery to extend their existing supply contract for naira-based crude oil. The original six-month agreement, set to conclude this month,
Naira-for-crude deal: NNPCL warned against sabotaging local refineries
The Nigerian National Petroleum Company Limited, NNPCL, has been warned against sabotaging the operations of local refineries. A political pressure group, the Conference of Progressive Nigerians, CPN,
NNPC Speaks On Naira Crude Contract With Dangote Refinery
Mr Soneye said discussions are ongoing towards emplacing a new contract.The Nigerian National Petroleum Company Limited (NNPC Ltd) has addressed reports alleging unilateral termination of the crude oil sales agreement in Naira between NNPC and Dangote Refinery.
Legit.ng on MSN1d
Oil Hits $70/b As Nigeria’s Output Surpasses OPEC+ Quota For February — Report
Others, like the United Arab Emirates and Gabon, are also producing slightly above their assigned quotas. This has caused an ...
Nairametrics2h
Nigeria’s trade exports hit $50.4 billion as exchange rate depreciation and fuel subsidy removal boost trade balance
Nigeria’s total trade exports surged to $50.4 billion in 2024, driven by exchange rate depreciation and the elimination of fuel ...
TheCable1d
Nigeria’s crude oil production dropped to 1.46m bpd in February, says OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production declined to 1.65 ...
Legit.ng2h
Shell Finally Exits Nigeria’s Onshore Oil And Gas Sector, Another Firm Acquires Its Assets
Shell Petroleum Development Company (SPDC) has completed its $2.4 billion asset sale to the Renaissance Group, exiting ...
Business Day1d
Nigeria’s crude production drops 74,000bpd in February
The latest monthly oil market report by OPEC showed that Nigeria’s crude production declined from 1.54 million barrels per ...
Vanguard1d
Nigeria’s oil production drops to 1.671mbpd
THE execution of Nigeria’s 2025 N54.99 trillion budget appears to be facing more challenges as the main source of funding, ...
Nairametrics2d
Nigeria’s oil production declined by 5% in February, falls short of OPEC quota – NUPRC data
Data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) show that Nigeria’s daily average crude oil production in February declined ...
allAfrica.com on MSN2h
Nigeria: Troops Kill 74 Terrorists, Arrest 130 Others, Rescue 61 Hostages
A total of 74 terrorists have been killed, while 130 others were arrested and 61 hostages rescued by the Nigerian troops on ...
Legit.ng on MSN1d
See list of countries buying Nigeria's crude oil as Nigeria sells over N55trn
The National Bureau of Statistics has revealed that the federal government of Nigeria made over N55 trillion from crude oil ...