The Senate disclosed on Thursday that it would wade into the face-off between regulators in the petroleum sector and Aliko Dangote, with a view to facilitating the take-off of the Dangote refinery.
It also launched a marathon investigation into cases of sabotage in the petroleum industry in the last 10 years. Public hearings on the…
Senate majority leader and chairman of the ad-hoc Committee, Senator Opeyemi Bamidele, said the crisis involving Dangote Group is within the responsibilities given to the Committee, adding that all parties to the crisis will soon be invited to a crucial meeting. It will equally inquire from the NNPCL the state/status of the 22 depots built by the defunct NNPC to eliminate road distribution of petroleum products.
Bamidele said the Ad-Hoc Committee has identified some critical stakeholders to interact with in the course of discharging this noble assignment. They include the Minister of State for Petroleum ; Ministers of Finance; Trade and Investment; as well as the NNPCL. “Additionally, the Committee will meet with stakeholders in their various zones to gather localised insights and feedback. To ensure broad participation and transparency, the Committee will create a platform for the general public and stakeholders to submit memoranda before the public hearings.”
Nigeria's armed forces and DSS security agency on Thursday warned against Kenya-style violence in protests planned for next week over soaring costs of living, saying the military would stop any attempts to create "anarchy". While Kenya has been rocked by deadly protests that forced the government to repeal new taxes, Nigeria has seen little unrest…
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate wades into Dangote, NNPCL feudThe Senate disclosed on Thursday that it would wade into the face-off between regulators in the petroleum sector and Alhaji Aliko
Read more »
Dangote offers to sell $20bn worth of refinery to NNPCLThe Chairman of the Dangote Group, Aliko Dangote has offered to sell his $20 billion Dangote Refinery to the Nigerian National Petroleum Company Limited amid challenges. Dangote made this known in an interview with Premium Times on Sunday.
Read more »
Dangote Refinery competing with importers not anti-competitive – AFDB president slams NMDPRA, NNPCLThe President of the African Development Bank, AFDB, Akinwunmi Adesina, has said Dangote Refinery's petroleum products competing with importers are not anti-competitive. The AFDB boss, who was a former Agriculture Minister in Nigeria, disclosed this in a statement shared on X, Tuesday by Nigerian billionaire and Chairman Geregu Power, Femi Otedola.
Read more »
Our Decision Was Deliberate, NNPCL To Dangote Over Equity StakeThe Latest News from Nigeria and Around the World
Read more »
NNPCL explains reason for drop in Dangote Refinery’s stake to 7.2%The Nigerian National Petroleum Company Limited has said that it decided not to add to its earlier investment in the 650,000 barrels per day Dangote Refinery. NNPCL spokesperson, Olufemi Soneye disclosed this in a terse statement in reaction to Dangote Refinery's announcement that NNPC's stake is now 7.2 percent contrary to the 20 percent stake.
Read more »
Reducing NNPCL’s stake in Dangote refinery recipe for lossesActivist lawyer, Deji Adeyanju, on Monday, informed President Bola Tinubu of the implications of the Nigerian National Petroleum Company Limited reducing its stake in the Dangote refinery from 20 percent to 7.2 percent. Adeyanju warned President Tinubu that NNPCL's decision has significant implications for Nigeria's economy and welfare.
Read more »