Business

PETROAN Agrees to Buy PMS from Dangote, says it’s Patriotic

Published

1 year ago

November 5, 2024

OCHEFA

287 Views

” Dangote is one of us. We have no reason not to patronise him,” said Billy Gillis-Harry, President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN).

Billy Gillis-Harry, in an interview on Channels Television’s Morning Brief on Tuesday said that oil marketers are not opposed to Dangote Refinery and are open to purchasing refined Premium Motor Spirit from the facility.

Billy Gillis-Harry, stated that oil marketers would buy products from the refinery if all market conditions were properly negotiated and agreed upon.

He also mentioned that marketers plan to meet with Dangote Refinery this week to solidify discussions and establish the groundwork for a cooperative working relationship.

“There are no gloves off. What it is right now is that PETROAN, among other stakeholders who are patriotic and willing to serve Nigeria in the best way, will not at any time be denigrated. We have never taken off our gloves.

Dangote is one of us. We love the fact that he has made this kind of sacrifice in Nigeria. We are very proud of him.

However, after the pride, we need to get into business. We are surprised that we have been doing business over the airwaves.

And that is not how this business should be done. We have NNPCL, which has been dealing with us, and there are very simple procedures for getting this business to work.

“We are letting the true information out in the public space so that everybody can decide what to do.

We want to patronise Dangote Refinery. Dangote is one of us. We have no reason not to patronise him,” he said.

The clarification follows PETROAN’s recent accusation that Dangote Refinery is attempting to stifle competition in the downstream sector. Marketers raised these concerns after Dangote Refinery said that they were criticising its petrol pricing because they preferred to import lower-quality products at more affordable rates.

Business

President Tinubu Leaves for Kenya, Rwanda and France to Strengthen Strategic Partnerships

At the two summits, President Tinubu will deliver statements highlighting his administration’s ongoing reforms to reposition the nation as a prime destination for investment and growth. He will also hold high-level meetings with top-tier global and African business leaders.

Published

13 hours ago

May 1, 2026

OCHEFA

28 Views

President Bola Ahmed Tinubu will depart Abuja on Saturday, May 2nd, on a visit to Kenya, Rwanda and France.

The itinerary details are provided by Bayo Onanuga,Special Adviser to the President(Information & Strategy), as follows:

” President Tinubu’s first stop will be in France, after which he will depart for Nairobi, Kenya, to attend the Africa-France Summit scheduled to begin next week.

Co-chaired by President Emmanuel Macron and President William Ruto, the summit focuses on energy transition, green industrialisation, digital transformation, restructuring of global financing architecture, and climate action.

President Tinubu’s participation at the summit from May 11- 12 will underscore Nigeria’s unwavering commitment to strengthening strategic partnerships with African nations and the French Republic.

The summit, with the theme – “Africa Forward: Africa-France Partnerships for Innovation and Growth” – will provide a high-level platform for African leaders and their French counterparts to deliberate on critical issues affecting the continent, including economic transformation, climate resilience, infrastructure development, youth empowerment, technological advancement, and peace-building initiatives.

At the end of the Kenyan summit, President Tinubu will depart for Kigali, Rwanda, to attend the annual Africa CEO Forum, taking place between May 14th and 15th.

With the theme “Scale or Fail”, this year’s Africa CEO Forum will be the largest gathering of African private sector leaders, investors, and policymakers, focusing on accelerating economic transformation through shared scale, regional integration, and increased cross-border investment.

Held in partnership with the International Finance Corporation (IFC), the summit brings together over 2,000 top executives and national leaders to debate strategies for building resilient, competitive industries.

President Tinubu will be accompanied on the trip by some of his ministers and senior aides.

He will return to Nigeria at the end of the Rwanda summit. “

Business

Nigerian Lawmakers Demand Arrest of World Bank Official Calling for Reinstatement of Petroleum Import Licences

Declaring the unnamed World Bank official persona non grata, the Committee gave the Bank 30 days to issue a public retraction and written apology.

Published

2 days ago

April 30, 2026

OCHEFA

38 Views

The House of Representatives Committee on Petroleum Resources (Downstream) has call for the dismissal and arrest of the World Bank official responsible for the April 7, 2026 Nigeria Development Update, which recommended the reinstatement of petroleum import licences.

The Committee described the recommendation as a reckless move capable of undermining Nigeria’s indigenous refining capacity.

In a formal resolution, the Committee condemned the World Bank report, which claimed that imported petroleum products are 12 percent cheaper than those from the Dangote Refinery.

It rejected the position as contrary to Nigeria’s national economic interest and an unacceptable interference in the country’s sovereign petroleum policy.

Declaring the unnamed World Bank official persona non grata, the Committee gave the Bank 30 days to issue a public retraction and written apology.

It further demanded that the staff member responsible for the report be relieved of their duties and subjected to investigation.