Business
NNPCL, Dangote Refinery in Talks to Roll Out Cheaper Petrol by September 15
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed ongoing negotiations with Dangote Refinery for the purchase of Premium Motor Spirit (PMS), commonly known as petrol, ahead of the refinery’s planned rollout on Sunday, September 15, 2024.
Olufemi Soneye, the spokesperson for NNPCL, shared this during an interview on Thursday.
His comments were in response to a recent statement made by Devakumar Edwin, Vice President of Dangote Industries Limited, who mentioned that local petrol marketers have been avoiding the purchase of fuel from Dangote Refinery, even though it is being offered at lower prices.
Soneye, however, disagreed with the notion that local marketers would boycott a more affordable product.
He expressed optimism that the lower prices being offered by Dangote Refinery would be attractive to the local market, making a boycott improbable.
“I don’t believe local marketers will boycott PMS with lower prices; that seems unlikely,” he said.
He went on to emphasize that NNPCL is currently engaged in discussions with Dangote Refinery to finalize the pricing of petrol, as the company looks forward to the refinery’s official commencement of PMS supply.
“We are currently negotiating prices with Dangote Refinery. We were informed that it would be available by September 15, so we are waiting for that,” Soneye added.
In a previous update, Adedapo Segun, Executive Vice President of NNPCL’s Downstream sector, had confirmed that NNPCL would indeed be lifting petrol from Dangote Refinery once the product becomes available.
This announcement comes on the heels of an early September statement made by the President of Dangote Group, who officially revealed the long-anticipated launch of the refinery’s petrol output.
The success of these negotiations and the timely supply of petrol from Dangote Refinery could mark a significant shift in the Nigerian fuel market.
This collaboration between NNPCL and the refinery is expected to address local fuel demands more efficiently, potentially bringing down prices and reducing Nigeria’s dependence on imported fuel.
Business
Popular and Tasty Street Foods From Across Nigeria
Nigeria’s street food is an essential part of the country’s heated culture and culinary heritage.
The sizzling sounds of grills, the spicy aromas that drift through the air, Nigerian street food is a tasty feast for both the eyes and the taste buds.
It’s more than just food; it’s a cultural experience that brings people together, tells stories, and connects generations.
But beyond the popular dishes we all know, there are hidden gems(street food) waiting to be discovered.
Now, let’s take a deep dive into Nigeria’s diverse street food culture and explore unique flavors and traditions that make it truly special.
Wonders of Nigerian Street Food Culture
Nigerian street food is more than a quick snack; it’s a reflection of the nation’s history and way of life.
In every corner of the country, you’ll find street vendors selling delicious meals that span ethnicities, regions, and even centuries of tradition.
1. Suya
In the bustling cities of Nigeria, one of the most popular dish is Suya — spicy, grilled beef (or chicken) skewers dusted with a fiery peanut spice mix.
Uniquely, it is served with onions, tomatoes, cabbages and a spicy pepper mix.
Suya vendors are common at street corners, and the sound of sizzling meat calls people from all directions.
2. Puff puff
Another beloved dish is Puff Puff. These fluffy, deep-fried dough balls are common at almost every street corner.
Puff Puff is a Nigerian street food made from a simple dough of flour, sugar, yeast, and water.
The dough is deep-fried until golden brown, resulting in fluffy, soft balls with a slightly crispy exterior.
It’s a common treat at parties (small chops), street corners, and even at home, this snack gives a comforting and addictive taste that’s loved by many Nigerians of all ages.
3. Akara (bean cake)
Akara is a popular Nigerian street food made from ground beans, onions, and spices.
The mixture is the shape of a small ball and deep-fried until golden brown.
Often enjoyed as a breakfast dish, it’s commonly paired with pap (fermented cornmeal porridge) or custard.
Akara is crispy on the outside and soft on the inside, this makes it a delicious and satisfying snack or meal.
It’s especially loved for its savory flavor and high protein content, making it a nutritious choice for many Nigerians.
4. Abacha
Abacha, also known as Nigerian African salad, is a popular street food from the southeastern part of Nigeria, particularly among the Igbo people.
It is made from dried shredded cassava that is soaked in water and then mixed with a variety of ingredients, including palm oil, ground pepper, onions, and locust beans (ogiri).
Abacha is often garnished with fresh vegetables, such as utazi leaves, and sometimes served with fried fish, meat, or stockfish.
It’s a highly nutritious dish, typically enjoyed as a snack or light meal, and is known for its unique balance of savory, spicy, and tangy flavors.
5. Mishai
Bread and Egg Mishai is a popular street food in Nigeria, common with northern street food vendors.
It consists of a fried egg, seasoned with spices, and served between slices of bread like a sandwich.
The dish is sometimes garnished with vegetables, such as onions and peppers, or served with spicy sauce to add extra flavor.
It’s a quick, filling, and affordable meal that is often enjoyed as a breakfast or snack.
6. Noddles
Mallam Noddles is a popular Nigerian street food made with instant noodles.
It’s commonly served by Northern street vendors who cook the noodles in a flavorful broth and then add a variety of toppings such as fried eggs, vegetables, spicy pepper sauce.
The dish is a fast and delicious meal that’s loved for its convenient spicy flavors.
Kilishi
The northern part of Nigeria introduces a different vibe to street food, thanks to its history of trade routes and influences from the Sahara.
Kilishi is a dried meat snack, and is a unique northern treat.
This snack is made by marinating meat in spices, sun-drying it, and then grilling it until it becomes tender and flavorful.
Masa
Masa is a traditional Northern Nigerian dish made from rice flour, cooked into a soft, sticky consistency.
It’s usually served with a flavorful stew or pepper mix like the suya pepper.
Fun fact
“Did you know that Nigeria is home to one of the world’s largest street food markets?
The Ikeja Underbridge market in Lagos is famous for its distribution of street food vendors, selling everything from grilled plantains (Boli) to spicy Suya.
It’s a lively hotspot where food lovers from all walks of life come together to indulge in authentic Nigerian flavors.”
From the Street to Your Stomach
There’s something about eating food that’s cooked right in front of you.
It’s the combination of fresh ingredients, the skill of the street food vendor, and the lively atmosphere that makes the experience unforgettable.
But it’s not just about the food; it’s the hustle and bustle, and the constant energy that make eating Nigerian street food a full-blown cultural experience.
The Classic Street Food Experience
Every Nigerian knows the joy of standing by a Boli (grilled plantain) vendor.
The smoky aroma of the grilled plantain, roasted yam/corn mixed with groundnut or pepper sauce, the spicy aroma from the suya grill, the early morning akara routine is enough to make anyone’s stomach growl.
A Street Food for Every Mood
Nigerian street food is versatile, and there’s something for every mood and occasion.
Even if you’re craving something sweet, savory, or spicy, the street food scene offers a solution.
Additionally, you can enjoy a quick bite on your way to work, have a hearty meal to end your day, or gather with friends over a shared bowl of Abacha and palm wine.
More Than Just Food
Street food in Nigeria is about more than just filling your stomach.
It’s about the people you meet, the conversations you have, and the sense of belonging you feel when you eat with locals in the hustle and bustle of city life.
For many Nigerians, the street food experience is a daily tradition that provides comfort, joy, and a taste of home, despite hardship and economic imbalance.
Business
Dangote Refinery Faces Supply Issues as NNPCL Fails to Meet Crude Oil Targets
Dangote Refinery has expressed concerns that the Nigerian government has not fulfilled its obligations to supply the required oil for its domestic refinery under the Naira-for-crude deal, an agreement aimed at boosting local refining capacity.
In an interview with Reuters, Devakumar Edwin, the Vice President of Dangote Industries Limited, stated that the Nigerian National Petroleum Company Limited (NNPCL) has failed to meet the set targets for crude oil delivery.
According to Edwin, the amount of crude oil received from NNPCL is significantly lower than what is necessary to scale up the refinery’s production of refined products.
Edwin pointed out that while the Naira-for-crude initiative, which was launched in October 2024, was supposed to provide a minimum of 385,000 barrels per day (bpd) of crude oil to Dangote Refinery, the actual supply has been far below that target.
He revealed that the refinery actually needs around 650,000 barrels per day to operate at full capacity, but NNPCL’s delivery has fallen short, describing the crude received as “peanuts” in comparison to the refinery’s needs.
This development comes as part of the Nigerian government’s push to revitalize its domestic refining sector and reduce its dependency on imported refined products.
The Naira-for-crude deal was expected to be a key component of this strategy, where the government would provide crude oil to Dangote Refinery in exchange for the refinery processing and supplying refined products to the local market.
However, the continued shortfall in crude oil supply raises questions about the sustainability of this arrangement and the government’s ability to meet its commitments.
Despite these challenges, reports have surfaced that Dangote Refinery has turned to alternative sources, including crude oil imports from the United States, to boost its production capacity.
Business
Dangote Refinery Resumes Import Of Oil from the US to Increase Production Capacity
Dangote Refinery has resumed its acquisition of crude oil from the United States, marking a significant shift in its strategy to boost refining capacity and overall production.
In a report by Bloomberg on Wednesday, it was revealed that a cargo of two million barrels of WTI Midland crude, sourced from Chevron Corp., is expected to be delivered to Dangote Refinery next month.
This marks the first purchase of US oil since the refinery paused foreign crude imports.
The move indicates a shift in the refinery’s supply strategy, which had previously been focused on Nigerian crude, particularly as it seeks to ramp up operations.
This new purchase raises questions about the status of the Nigerian government’s Naira-for-crude deal, which was hinted at in early October 2024.
The agreement, aimed at trading crude oil in exchange for the Nigerian naira, has faced uncertainty.
Some experts suggest that the deal might be stalling, or that the refinery might not be receiving the expected crude oil supply from the Nigerian National Petroleum Company Limited (NNPC).
Dangote Refinery’s recent decision to purchase crude from Chevron, a major US oil company, comes at a time when the refinery is actively scaling up production capabilities.
The refinery had been under intense scrutiny as it works toward becoming a key player in Nigeria’s oil industry.
While it had been procuring Nigerian oil, this new shipment of WTI Midland crude from the US underscores its reliance on diverse global suppliers to meet its production goals.
In fact, Chevron has reportedly booked the supertanker Azure Nova to transport the crude from the US Gulf, with the shipment scheduled to arrive at Dangote Refinery around December 5.
While the Nigerian government’s Naira-for-crude initiative remains in question, economist Kelvin Emmanuel recently stated that Dangote Refinery still purchases crude from the Nigerian government in dollars, suggesting that the refinery’s operations may not yet fully align with the federal government’s policy on local crude sales.
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