Tag: Dangote

Dangote, NNPC Refineries Will Not Survive With Refining Margins At Current Pump Prices.—MOMAN warns

ADEOLA YUSUF

Major Oil Marketers Association of Nigeria (MOMAN )has warned that both the multibillion-dollar Dangote Refinery and the refurbished Nigerian National Petroleum Company refineries will not survive with the refining margins at the current pump prices. It, therefore, urged the government to begin the process of complete deregulation of the downstream to reduce this inefficient subsidy. The unattractive pump prices have been responsible for the lack of investment in the sector and those that are investing currently must be encouraged to do so by allowing total deregulation of the sector. By…

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Dangote, BUA’s bickering worsens, Nigerian billionaires take feud to Sugar

ADEOLA YUSUF

  We wrote it, Dangote confirms authorship of letter to Minister Against BUA The bickering between two Nigerian billionaires, Alhaji Aliko Dangote and AbdulSamad Rabiu, has continued to degenerate. This time, the two business Lords from Kano, Northwest Nigeria, have taken their long-time sour relationship, which became obvious from Cement price war to the Sugar industry. Dangote Sugar Refinery PLC (DSR), owned by Africa’s richest man, has confirmed that it wrote a letter to the minister against BUA. BUA was earlier reported to have said that it was ready to…

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