Business

Petrol to roll out from Dangote Refinery next month

Published

2 years ago

July 15, 2024

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Petrol will roll out from Dangote Refinery next month, Dangote Group and Chief Executive Officer, Dangote Petroleum Refinery, Alhaji Aliko Dangote said yesterday.

According to him, the crisis over supply of crude from the International Oil Cooperations (IOCs)has been resolved following the intervention of the Nigerian National Petroleum Company Limited (NNPCL) and the federal government.

Addressing media executives during a tour of the Dangote Petroleum Refinery and Petrochemicals in Ibeju Lekki local government area of Lagos state, Dangote said that the crude supply challenge, which affected the supply of petrol from the refinery, was resolved last week.

Dangote expressed hope that the authorities and stakeholders will abide by the provisions of the Petroleum Industry Act, PIA.

He said that the refinery’s fertiliser unit would resume export in two weeks due to efforts to meet local demand this farming season.

This would give farmers more access to fertiliser for their farm products.

Dangote said that there was a massive request for fertiliser from Nigerians and the rest of Africa, so his group had no choice but to respond positively

He also lamented that the delay in securing a site for the Dangote Petrochemical Facility in Ogun State resulted in a $500 million loss for his conglomerate.

Dangote attributed the financial setback to the protracted process of acquiring Olokola land for a petrochemical facility on the $2.5 billion initial drawdown on bank loans.

He expressed disappointment over the bureaucratic hurdles encountered, which significantly impacted the project timeline and overall costs.

“The three years and eight months delay by Ogun State Government over Olokola land for petrochemicals facility costs us $500 million,” Dangote said.

He said a total of $25 billion investments have been made in petrol refinery and fertilizer plant by the Dangote group over the past 10 years.

Located in Lekki Free Zone, Lagos, Dangote Refinery is expected to produce, at full operations, approximately 50 million litres of petrol and 15 million litres of diesel daily, equating to 10.4 million tonnes of petroleum products annually.

Related Topics:Dangote Refinery Featured

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US subjects imports from Nigeria to 12.5% tariff

The tariff affects imports from 60 economies that Washington says have not “imposed and effectively enforced a prohibition on the importation of goods produced with forced labour.”

Published

1 hour ago

July 24, 2026

OCHEFA

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The United States has imposed a 12.5 per cent tariff on imports from Nigeria as part of a new trade measure targeting countries it says have failed to prohibit the importation of goods produced with forced labour.

The tariff affects imports from 60 economies that Washington says have not “imposed and effectively enforced a prohibition on the importation of goods produced with forced labour.”

The measure was announced in a statement posted on the website of the Office of the United States Trade Representative on Thursday.

Nigeria is among the countries subject to the 12.5 per cent tariff, while India, Indonesia, Malaysia, Mexico and the United Kingdom will face a lower 10 per cent rate after adopting or committing to implement bans on imports linked to forced labour.

The move follows investigations launched by the USTR in May 2026 into 60 of the United States’ largest trading partners under Section 301 of the Trade Act.

According to the agency, it received more than 1,600 written submissions, held public hearings involving over 100 witnesses, and consulted more than 45 governments before announcing the tariffs.

Business

MTN Nigeria asks customers to trade old SIM packs for prizes

MTN named eight collection centres across the country where customers can deposit their items. The locations cover Lagos, Abuja, Kano, Jos, Delta, Port Harcourt, and Ibadan.

Published

2 hours ago

July 24, 2026

OCHEFA

15 Views

MTN Nigeria has invited customers to bring in old SIM packs, recharge cards, booster cards, dongles, and MTN-branded phones in exchange for prizes.

The telecom giant is running the campaign the under the hashtag #YelloMoments.

MTN launched the campaign on Wednesday, July 23, via its official social media pages, telling followers that items kept in drawers over the years could be worth something.

Customers who participate will also be featured on what MTN described as a “Memory Wall.”

Collection centres across Nigeria

MTN named eight collection centres across the country where customers can deposit their items. The locations cover Lagos, Abuja, Kano, Jos, Delta, Port Harcourt, and Ibadan.

In Lagos, customers can visit MTN Plaza at No. 1 Awolowo Road, Falomo, Ikoyi, or the office at 43 Allen Avenue, Ikeja. In Abuja, the collection point is at No. 4, Medeira Street, Maitama.

In Kano, it is at 2, Civil Centre Road. In Jos, Plateau State, the centre is at Plot 3119, Royalfield Road.

In Asaba, Delta State, the location is KLM 129, Benin–Asaba Expressway. In Port Harcourt, Rivers State, customers can go to 234, Old Aba Expressway, Opposite Hannah Fast Food.

In Ibadan, Oyo State, the drop-off point is at MTN Regional Office 1, Olubadan Avenue and Up/Zartech Road, Oluyole Estate.