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September 3, 2024 Dangote: Our Petrol Will Reach Stations Within 48 Hours

Dangote: Our Petrol Will Reach Stations Within 48 Hours

Aliko Dangote has announced that petrol from his 650,000 barrels-per-day refinery will be available at filling stations within 48 hours, pending final agreements with the Nigerian National Petroleum Company Limited (NNPCL). During a press briefing on Tuesday, Dangote confirmed that the refinery is ready to distribute its Premium Motor Spirit (PMS) as soon as the arrangements with NNPCL are finalized.

When asked about the pricing of petrol from his refinery, Dangote mentioned that the pricing framework has been approved by the Federal Executive Council under President Bola Ahmed Tinubu. He emphasized that the refinery is ready to enter the market as soon as the NNPCL agreement is completed, which could happen imminently.

Dangote’s refinery, which began operations last December with a capacity of 350,000 barrels per day, plans to reach its full capacity of 650,000 barrels per day by the end of the year. The refinery has already started supplying diesel and aviation fuel to the market and is now prepared to distribute petrol.

Additionally, Dangote highlighted the benefits of the “Naira for Crude” initiative, which he believes will reduce the demand for foreign exchange by 40% and bring greater stability to the Naira. He also noted that this system would help track the distribution of loaded trucks, making it easier to calculate the country’s fuel consumption.

September 3, 2024 Osimhen Heads to Turkey After Agreeing to Galatasaray Loan Deal

Osimhen Heads to Turkey After Agreeing to Galatasaray Loan Deal

Napoli has finalized a one-year loan deal with Turkish club Galatasaray for Victor Osimhen. The Nigerian forward is already en route to Turkey, where he will be introduced to Galatasaray fans.

According to Fabrizio Romano's post on X, Napoli's release clause for Osimhen has been reduced from €130 million to €75 million. The deal also includes an option for Napoli to extend Osimhen's contract until 2027.

The loan, which lasts until June 2025, ensures Osimhen will earn a salary of €9-10 million. This move to Turkey concludes the transfer saga involving Osimhen, Chelsea, and Saudi club Al Ahli. After the Saudi deal fell through and negotiations with Chelsea collapsed late in the transfer window, Osimhen found himself in a tough spot, even being left out of Napoli's squad for the season, which would have sidelined him until the next transfer window.

September 3, 2024 Hunger Protest Shakes FG as Wanted Briton Speaks from UK

Hunger Protest Shakes FG as Wanted Briton Speaks from UK

The British national, Andrew Wynne, recently declared wanted by the Nigeria Police for allegedly plotting to overthrow President Bola Tinubu's government, has denied the accusation. Speaking from the UK on a monitored program, Wynne said he was unaware of being labeled a fugitive. This denial came shortly after the police announced a N20 million bounty on him and his alleged accomplice, Lucky Obiyan.

Force spokesperson Muyiwa Adejobi accused Wynne of creating sleeper cells to destabilize the government, but Wynne insisted he couldn’t be plotting against a country he has frequented for 25 years. He expressed willingness to cooperate with authorities via Zoom or in person in London.

Wynne’s wife also dismissed the allegations, calling them a witchhunt driven by a personal dispute. Earlier, the police accused Wynne of using a bookshop and school in Abuja as fronts for his activities and declared him and Obiyan wanted. The police have activated INTERPOL tools to locate the suspects, assuring the public of their commitment to national security.

RELATED: Police Issue Wanted Notice for Briton and Nigerian Over Alleged Plot to Overthrow Tinubu

September 3, 2024 Dangote Refinery Unveils First Petrol Sample, Promises Supply for Nigerians and Africans

Dangote Refinery Unveils First Petrol Sample, Promises Supply for Nigerians and Africans

Aliko Dangote, President of the Dangote Group, has unveiled the first sample of Premium Motor Spirit (petrol) produced at his refinery. The announcement was made on Tuesday during a broadcast from the refinery located in the Ibeju-Lekki area of Lagos State.

The refinery, with a capacity of 650,000 barrels per day, successfully conducted a test run of the product.

In his speech, Dangote expressed his appreciation to the people of Nigeria and praised President Bola Tinubu's administration for providing a platform for growth and development. He also commended the introduction of the "Naira for Crude" initiative, which he believes will contribute to the stability of the Naira.

"As this refinery becomes operational, it will provide a clear picture of Nigeria's actual consumption, allowing us to track every truck and ship loaded with fuel," Dangote said.

He further emphasized that the refinery's production will meet the fuel needs of not only Nigeria but also sub-Saharan Africa.

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