THE Organisation of Petroleum Exporting Countries has said the refinery being built by Dangote Group is expected to reduce the need for fuel imports in West Africa. OPEC, in the current edition of its World Oil Outlook, noted that the refinery would refine as much as 650,000 barrels of crude oil per day.
THE Dean of Dangote Business School, Bayero University Kano, Prof. Murtala Sagagi, says there are currently over four million jobless people in Kano due to poor development agenda of successive governments. The Dean disclosed this in a paper he presented at a forum organised by Kano Concerned Citizens Innitiative (KCCI) on Saturday in Kano.
Weekly trading on the Nigerian Stock Exchange (NSE) resumed on Monday on bearish note with the market capitalisation dropping below N11 trillion mark amid price loses by some blue chips. The market capitalisation dipped by N171 billion or 1.54 per cent to close at N10.955 trillion from the N11.124 trillion achieved on Friday.
This was disclosed in Kano, yesterday, when the team of Minister of Agriculture, Mr Audu Ogbeh and the Governor of Central Bank of Nigeria, Godwin Emefiele visited Dangote tomato seedlings production farm at Kadawa in Kano State According to Ogbeh, part of the visit is to inspect some facilities in the state before the implementation of a planned programme of enhancing the production of tomatoes in the country.
Mr Rama Putta, the Head of Quality Assurance/Quality Compliance and Construction, DORC, made this known on Sunday in Lagos. The News Agency of Nigeria (NAN) reports that Fluid Catalytic Cracking (FCC) is one of the most important conversion processes used in petroleum refineries. It is widely used to convert the high-boiling, high-molecular weight hydrocarbon fractions of petroleum crude oils into more valuable gasoline, olefinic gases, and other products.
A quiet protest by Africa’s richest man, Alhaji Aliko Dangote, against his inclusion on the President Muhammadu Buhari’s Presidential Campaign Council was what pushed the presidency to quickly remove him. Also, Buhari and the All Progressives Congress (APC) have been accused of seeking to drag Dangote’s name in the mud, and coercing him onto the presidential campaign committee.
Nigerian multi-millionaire businessman Femi Otedola is selling his 75% stake in oil marketing company, Forte Oil, to Prudent Energy, a local oil trading firm. Publicly traded Forte Oil made the announcement on Monday in a press release signed by the company’s General Counsel, Akinleye Olagbende.
Dangote Refinery is investing in producing Euro V fuel to help Nigeria meet the European standard of petrol.
President of Dangote Group of Companies, Aliko Dangote, was recognised and highlighted by Richtopia