Refineries

Reflections on Nigeria's Refinery Saga: Insights from Aliko Dangote In a recent assessment of Nigeria's refining challenges, Aliko Dangote, the distinguished CEO of the Dangote Group, pointedly questioned the operational viability of the state-owned refineries located in Port Harcourt, Warri, and Kaduna. His remarks were not made in a vacuum; the context was a tour of his own oil refinery with members of the Global CEO Africa program from the Lagos Business School, where he highlighted the staggering sums already expended…

The African Export-Import Bank (Afreximbank) has recently unveiled an ambitious initiative: a $3 billion revolving credit facility designed to simplify fuel access for buyers in Africa and the Caribbean. This groundbreaking measure allows for more streamlined acquisition of essential fuel types, including petrol, diesel, and jet fuel, sourced directly from refineries across the continent. With a mission that touches not just economies, but communities, this initiative may reshape the energy landscape in profound ways.…

In a pivotal move, the Federal Ministry of Finance recently confirmed the continuation of a policy that's been off the radar for a few months—the Crude and Refined Product Sales in Naira initiative. This decision came hot on the heels of a high-powered conclave led by a Technical Sub-Committee. Sometimes, the paths taken to conserve resources and bolster local industries can be quite the labyrinth. Do you remember wanting to unravel a knotty problem yourself? That's what this initiative seeks to do for…