Business
Aliko Dangote Is Ohibaba.com Personality of The Year 2024
The investment was a significant milestone for the Nigerian economy and Africa as a whole.
Ohibaba.com news website has picked Alhaji Aliko Dangote, the Group President/CEO of Dangote Industries Limited (DIL) as its Personality of The Year 2024.
Photo of Ohibaba.com CEO, Mr. Ohi Odiai and Alhaji Aliko Dangote.
Here’s why :
His massive investment in the Nigeria oil and gas industry, notably the Dangote Petroleum Refinery and the Petrochemicals complex at the Ibeju-Lekki axis in Lagos.
Commissioned on May 22, 2023 by the former President Muhammadu Buhari, the first products from the Dangote Petroleum Refinery in were diesel, aviation fuel, and LPG:
• Diesel: The refinery began producing diesel in October 2023.
• Aviation fuel: The refinery began producing aviation fuel in October 2023.
• LPG: The refinery began producing LPG as one of its first products.
Months after, the refinery rolled out its first petrol in September 2024.
Since then, the refinery has been supplying the local markets and exporting the surplus to other African countries and beyond.
The 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world, was constructed at the cost of over US$20 billion.
The investment was a significant milestone for the Nigerian economy and Africa as a whole.
Dangote aptly said:” The refinery would meet the demands not only of Nigerians but also of sub-Saharan Africa.”
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Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
Business
Nigeria’s oil production dropped by 4% in July – NUPRC
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
The Nigerian Upstream Regulatory Commission (NUPRC) data has shown Nigeria’s average daily oil production fell by four percent in July, 2026.
According to the NUPRC, Nigeria produced 1.505 million barrels per day (bpd) of crude oil and 0.17 million bpd of condensate, bringing the combined daily production to 1.67 million bpd.
The commission said the country met and exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd for the third consecutive month.
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
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