DANGOTE REFINERY TO SUPPLY 60 MILLION LITRES OF PETROL WEEKLY TO IPMAN TO BOOST CRUDE IMPORTS. (PHOTO).

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 Dangote Refinery To Supply 60 Million Litres Of Petrol Weekly To IPMAN To Boost Crude Imports The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) on a weekly basis, which translates to 240 million litres per month. This comes as the $20bn Lekki-based refinery seeks to raise billions of dollars to import crude oil and increase production to reach its full capacity of 650,000 barrels per day. IPMAN National Publicity Secretary, Chinedu Ukadike, confirmed that the association is finalizing discussions with Dangote and expects to start lifting PMS from the refinery before the end of November. The agreement has already led to a drop in petrol prices by N10 to N15 due to increased competition in the downstream sector following deregulation. In the past 42 days, the Nigerian National Petroleum Company Limited (NNPC) and other marketers have imported over two bil
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HARDSHIP: NIGERIAN GOVT, NLC, TUC MEET OVER FUEL PRICE, OTHERS. (PHOTO).

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 Hardship: Nigerian Govt, NLC, TUC meet over fuel price, others


A delegation of the Nigerian government, on Wednesday, met with leaders of the Nigeria Labour Congress, NLC, and the Trade Union Congress of Nigeria, TUC.


The meeting which, convened by the Secretary to the Government of the Federation, SGF, George Akume, is centred around the state of the nation, especially petrol pricing and its consequences.


At the meeting were Mallam Nuhu Ribadu, the National Security Adviser, NSA; Nkeiruka Onyejeocha, Labour Minister; Wale Edun, Minister of Finance and Coordinating Minister of the Economy.


Others are Alhaji Mohammed Idris, Information Minister; Heineken Lokpobiri, Petroleum Minister, State; Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), and representatives of the Nigerian National Petroleum Corporation, NNPC, Limited, Vanguard reports.


This is coming amid the adjustment of NNPCL pump price of fuel from N897 per litre to N1,030 in Abuja, and from N855 to N998 in Lagos.

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