News
Refinery saga: NNPC supplies insufficient crude oil to us- Dangote
Amidst lingering crisis, Dangote Refinery has revealed that the Nigeria National Petroleum Company Limited, NNPC, is supplying insufficient crude oil for its production demand, hence it is planning to source from brazil and America.
The President of Dangote Group, Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, alongside NNPCL, had been locked in a dispute, ranging from monopoly allegations to supply of crude for the refinery, substandard fuel imports and ownership of blending plants in Malta.
However, Dangote, in a new revelation, said for the $20 billion refinery to meet its production demand, it must look for other sources of crude oil supply overseas as the NNPCL allocation is insufficient.
He said the refinery, which has the capacity of refining 650,000 per day, could not defend on short supply from the Nigeria’s oil company.
Rabiu A. Umar, Group Chief Commercial Officer, Dangote Industries Limited, told newsmen in Kano on Friday that NNPC supplies only 33 percent of of crude to the refinery, disclosing that it had to look elsewhere to source the remaining 67 percent to meet its production capacity.
According to Umar, the refinery had concluded plans to supply crude oil from Brazil and America by August.
“First of all the refinery is here in Nigeria. We have the crude oil here in Nigeria. We thought we would get the crude oil here and refined it here in our refinery for the benefit of the country and the citizens.
“Ironically, the country takes the crude oil overseas for refining while we have a refinery, one of the biggest in the world.
“So, we will not stay idle. We have to look for other sources to meet our production capacity. If we get the crude oil supply here in the country we have no reason to go overseas.
“Even now, we are planning to supply crude oil from countries like Brazil and USA,” he said.
He said the refinery had commenced supplies to foreign countries since February, disclosing that they receive orders from different countries for supply, especially aviation fuel.
The Chief Commercial Officer also revealed that the refinery needs 15 cargos of crude oil in September but NNPCL promised only 5 to it, lamenting that they see the government’s lackadaisical actions towards the refinery as sabotage.
According to him, the refinery should be celebrated and embraced by the government rather than painting it black as it is the biggest employer of labour with over 50,000 workers at the moment.
He emphasized that against the government’s false narratives, the refinery had started on a positive note as the quality of its refined products are would standard.
He said even the House of Representatives, under the leadership of the its speaker, visited the refinery, saw the difference and was satisfied with the quality of the products.
The official also said, “we are here to defend ourselves and all the government narratives are not true. We urge the people to take samples of our products to ascertain their quality.
“We will not be deterred by the government’s criticism. We will continue until we reach the promised land.
A business analyst in Kano, Abdussalam Kani, on his part demanded for apology to Dangote by the federal government and the national Assembly.
He also levelled the NMDPRA boss, Ahmed Farouk’s comments against the refinery treasonable offence that deserve punishment .
News
Maulud: Dalori urges Muslims to Emulate Virtues of Prophet Muhammad
The deputy National Chairman of the All Progressives Congress (APC) North, Hon. Ali Bukar Dalori felicitated with Muslims over Ei-dul Maulud.
Dalori urged Muslim faithful to emulate the virtues of Prophet Muhammad (SAW).
He said 12 Rabi ul Awwal is an important date on Islamic calendar as it marks the birthdate of Prophet Muhammad (SAW), as an epitome of leadership, wisdom, and kindness.
Dalori said, “This occasion is an important date on Islamic calendar. I therefore urge Muslim faithful to emulate the noble teaching of the prophet of Islam.
“Let us reflect and pray for peace and economic well-being for our dear country.”
However, Dalori sympathized with the victims of floods in Maiduguri, saying the natural disaster was devastating.
He added, “The occasion of Maulud is vital as it gives us a unique chance to reflect on our faith. Let us use this opportunity to pray for brothers and sisters in Miaduguri who were devastated by floods.”
News
Gov Dikko, Gawuna, Andishu, Nimrod receives YSFON awards
The Youth Sports Federation of Nigeria, YSFON has conferred the executive governor of Katsina state governor, Radda Dikko with merit award in recognition of the immense contribution by his led state administration to sports development.
The well attended award conferment ceremony took place last Saturday at Ahmadu Bello stadium Kaduna.
Katsina state commissioner for sports, Aliyu Lawal Zakari received the award on behalf of the state governor.
Gov Dikko applaud YSFON for its over four decades of sacrifices and investments in youths development in Nigeria through sports.
He reassured of his commitment to continue to invest in the development of sports in all areas that will boost national development.
The immediate past deputy governor of Kano state, Dr Nasiru Gawuna was also on parade as one of the awardees.
Gawuna was decorated in recognition of his service to YSFON for several years. YSFON said.
The managing director, FreIvan Support Services, Moses Ted Andishu also bagged an award, for his contribution to sports developments at the grass root level.
Moses, who is a UK business mogul and philanthropist, speaking through his representative, Joseph Andishu, who received the award on his behalf has reaffirmed his commitments toward supporting laudable projects that will mentor Nigerian youths towards positive innovations and entrepreneurship using sports as the vehicle to pursue his goals to continue to better the cause of humanity.
The incumbent national president, Nigeria Volleyball Federation, Engineer Musa Nimrod was honorured by YSFON for his tireless support to sports activities involving Nigerian youths.
News
Finally NNPC Tackles Dangote, Releases Estimated Pump Prices of PMS from Dangote Refinery.
The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.
The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms length.
The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.
The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100% to the general public.
The pricing
Attached to this statement are the estimated pump prices of PMS (obtained from the Dangote Refinery) across NNPC Retail Stations the country, based on September 2024 pricing.
Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd
Abuja
16th September, 2024
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