Business
Dangote Refinery Increases Nigerian Crude Intake, Reduces U.S. Imports
According to a recent report by Bloomberg, the Dangote Petroleum Refinery has scaled back its importation of crude oil from the United States, opting instead to increase the intake of Nigerian crude for its refining processes.
The refinery, with a capacity of 650,000 barrels per day, is now set to source more than 80% of its crude feedstock from domestic oil supplies during the third quarter of the year.
This marks a significant shift from the previous quarter, where less than 75% of the refinery’s crude came from local sources.
Data from tanker-tracking services and insights from traders confirm this growing preference for Nigerian oil, signalling a strategic move toward relying more on local resources for its operations.
The shift underscores the refinery’s role in supporting Nigeria’s energy sector by increasing the use of indigenous crude oil.
Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.
The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.
FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.
FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”
The Federal Government trains 500 women and youths in food production and agriculture. The programme was started to support food security.
The Federal Ministry of Agriculture and Food Security partnered with the National Horticultural Research Institute (NIHORT).
The women and youths were taught tomato, okra and Telfairia production techniques. The government believes this will help boost agriculture, improve food production and strengthen the economy in Ogun State.
According to reports, fuel stations are reducing their prices a bit. This has become a general thing around Nigeria after the spike due to the removal of subsidy.
The prices are dropping to ₦1,275 and ₦1,299, going lower than ₦1,300 compared to what it was before.
FAAN Breaks Silence on Claims Over Uber’s Departure From Nigeria
‘We’ve Signed a Winner’ – Maresca Hails Enzo Fernández After Man City Move
‘The Fastest Way to Ruin a Child’s Life’ – Patience Ozokwor Advises Parents
-
Sport16 hours ago‘We’ve Signed a Winner’ – Maresca Hails Enzo Fernández After Man City Move
-
Entertainment17 hours agoArtists Who Have Taken Their Music Around The World In 2026
-
Entertainment17 hours agoPriscilla Ojo and Juma Jux Secure Court Order Against Lizzy Anjorin
-
Entertainment17 hours agoTochi Urges BBNaija Ex-Housemates to Focus on Building Their Careers
-
Entertainment17 hours ago‘The Fastest Way to Ruin a Child’s Life’ – Patience Ozokwor Advises Parents
-
Business16 hours agoFAAN Breaks Silence on Claims Over Uber’s Departure From Nigeria