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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SENATE CONFIRMS APPOINTMENT OF 18 RMAFC. (PHOTO).

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 Senate Confirms Appointment Of 18 RMAFC Federal Commissioners


The Senate has confirmed the appointment of 18 Federal Commissioners of the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC).


Their confirmation follows the submission and consideration of the report by Chairman of the Joint Committee on National Planning and Economic Affairs and Finance, Sen. Abdullahi Abubakar (Kebbi North) during plenary on Wednesday.

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