News
High expectation as Dangote refinery begins operation next month, to produce petrol November 30, orders initial crude oil need
The Dangote Petroleum Refinery is currently importing crude oil and expects its first crude cargo in two weeks’ time, the Executive Director, Dangote Group, Devakumar Edwin, has revealed.
Although the Nigerian National Petroleum Company Limited trades crude oil on behalf of Nigeria, Edwin in an interview with S&P Global Commodity Insights on Monday, said the NNPCL had committed its crude to other entities.
The Dangote refinery boss did not disclose the other entities receiving the oil company’s crude but NNPC disclosed last month it had entered into a $3bn crude oil-for-loan deal with African Export-Import Bank. The deal allowed the company to pledge future oil production to the bank as repayments for the loan.
As reported by the Punch, NNPC sources said on Tuesday the company had entered into crude oil contracts with a number of entities, a development that made it impossible for the organisation to meet Dangote’s need earlier.
A top official of the oil company was however quoted to have said plans were already underway to ensure Dangote’s refineries crude oil needs were met in November.
Also, Edwin pointed out that the importation of crude by Dangote refinery was temporary, as the firm would receive supply from NNPCL from November.
Edwin went ahead to state that the firm would begin the production of up to 370,000 barrels per day of crude that would give rise to Automotive Gas Oil, popularly called diesel, and jet fuel in October 2023.
For Premium Motor Spirit, popularly called petrol, the Dangote Group’s boss said the plant would produce it by November 30, 2023.
This came as oil marketers stated that the prices of diesel and jet fuel would only crash when the Dangote refinery starts receiving crude oil from Nigeria, and not by importing crude.
Meanwhile, Edwin stated in the interview that the Dangote Refinery would initiate a gradual increase in petrol production, aiming to reach an impressive 650,000 barrels per day by November 30.
He emphasised the refinery’s readiness to receive crude oil, stating, “Right now, I’m ready to receive crude. We are just waiting for the first vessel. And so, as soon as it comes in, we can start.”
Regarding the shift in the original timeline, Edwin clarified, during his conversation with S&P, that the NNPCL had already committed their crude oil to another entity on a forward basis, causing a temporary delay.
He said the setback was momentary, and the refinery would soon run exclusively on Nigerian crude oil as from November 2023.
It was also gathered on Tuesday in Abuja that the NNPCL had entered into crude oil supply commitments with other entities, but would ensure that it supplies the commodity to Dangote refinery in November.
In mid-August, the national oil firm announced that it had secured a $3bn emergency crude oil repayment loan from the African Export-Import Bank.
It had announced the acquisition of the loan in a brief statement titled, ‘Relief for the naira: NNPC Ltd secures $3bn emergency crude repayment loan from AFREXIM Bank.’
The statement read, “The NNPC Ltd and @afreximbank have jointly signed a commitment letter and term-sheet for an emergency $3bn crude oil repayment loan.
“The signing, which took place today at the bank’s headquarters in Cairo, Egypt, will provide some immediate disbursement that will enable the NNPC Ltd to support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilising the exchange rate market.”
Providing further explanation about the loan at the time, the Senior Special Assistant to President on Digital/New Media, O’tega Ogra, in several posts on X (formerly Twitter), explained that the $3bn was not a crude-for-refined products swap loan, but an upfront cash loan against proceeds from a limited amount of future crude oil production.
This confirmed that the national oil firm had really made commitments to other entities using the crude produced by Nigeria.
Ogra had said, “Is this loan risky for NNPCL or the Nigerian Treasury? No. The exposure for NNPCL is very limited, covering just a fraction of their entitlements. Additionally, there are no sovereign guarantees tied to this loan.”
News
Again, El Rufai to remain in prison
The Court of Appeal sitting in Kaduna has dismissed an appeal filed before it by the former Governor of the state, Nasir El-Rufai, challenging the decision of the Kaduna State High Court to deny him bail.
Delivering its judgment in Appeal Number CA/K/254C/2026, the Appellate Court affirmed the ruling of the lower court, holding that the trial Judge exercised his discretion judicially and judiciously, with no miscarriage of justice.
In a unanimous judgment, the three-member appellate panel held that El-Rufai failed to establish fresh facts or special circumstances warranting interference with the lower court’s decision to deny him bail.
According to the Certified True Copy of the judgment, the lead judgment delivered by Justice Onyekachi Aja Otisi affirmed the ruling of the Kaduna State High Court, which refused the former governor’s second bail application on June 10, 2026.
The Court also struck out the appellant’s reply brief filed on September 29, describing it as incompetent, while resolving the sole issue for determination against El-Rufai and in favour of the Federal Republic of Nigeria.
The Appellate Court held that it would not interfere with findings of fact by a trial court where such findings had not been shown to be perverse, consequently dismissing the appeal for lack of merit.
The substantive trial has been scheduled to commence on October 12, 2026.
News
Dangote cement Obajana awards scholarships, empowers farmers, market women at Jakura community
Dangote Cement Plc, Obajana Plant, has strengthened its support for the Jakura community through scholarship awards and empowerment programmes for farmers and market women.

Speaking at the presentation ceremony on Monday, Plant Director, Obajana Plant, Engr. Azad Nawabuddin, said the scheme was part of the company’s commitment to implementing the provisions of the Community Development Agreement (CDA).
Represented by the Head of Social Performance at the Obajana Plant, Prince Ademola Adeyemi, he said the empowerment programme benefited students, farmers and market women.
Engr. Nawabuddin said the programme, which focused on students, farmers and market women, underscores DCP’s continued commitment to sustainable community development, poverty reduction and economic empowerment across its host communities.
He said a total of twenty beneficiaries drawn from several tertiary institutions and sixty beneficiaries from secondary schools received educational grants running into several millions of naira.
He disclosed that 20 farmers were provided with essential farming implements and funds, noting that the initiative is designed to enhance agricultural productivity, encourage the adoption of improved farming practices and contribute to greater food security in the community.
Twenty market women were each provided with start-up capital and business support to strengthen their enterprises, promote financial independence and enhance household incomes.
The event attracted several stakeholders, traditional rulers, government representatives, and community leaders including: His Royal Highness, Oba Usman Adoga Ajibola, the Obaro of Jakura., Representative of the Olu of Oworo, Chief K.A Mahmood, (The Obalumema of Oworo Land), Engr. E.O. Olaitan, Ministry of Solid Minerals Development (MSMD), Mrs. A. O. Onimode, Kogi State Ministry of Solid Mineral and Natural Resources, youth and women groups, members of Jakura traditional council, among others.
Earlier in his welcome address, the Chairman of Jakura CDA Committee, Chief Bonibade Ajiboye, appreciated Dangote Cement Plc Obajana Plant for keeping to commitments noting that aside the empowerment programme, the electrification project is almost completed.
He commended the Plant for the kind gesture towards Jakura community despite the security challenge. Goodwill messages were brought to the event by members of Jakura traditional council, Oworo traditional council, Federal and State representatives with all commending and joining Jakura community to express appreciation to Dangote Cement Plc, Obajana Plant.
In his remarks, His Royal Highness, Oba Usman Adoga Ajibola, the Obaro of Jakura, expressed gratitude to Almighty God for blessing Jakura with abundant mineral resources and commended **Alhaji Aliko Dangote** for choosing to invest in the area.
The royal father also lauded Dangote Cement Plc for its numerous developmental interventions in the community, describing the latest empowerment initiative as another demonstration of the company’s commitment to improving the welfare and livelihoods of its host communities.
He pledged that the community would ensure the sustainability of the projects and see to it that the beneficiaries put their respective benefits to good use.
He prayed for Allah’s continued blessings upon Alhaji Aliko Dangote for his generosity, philanthropy and contributions to humanity.
News
We paid millions for release of abducted NYSC members- Family
Families of the rescued 20 abducted National Youths Service Corps, NYSC, members have said they paid millions of naira in ransom before learning of their release.
Accordding to them, some relatives paid more than N3 million, while others reportedly paid up to N6 million each.
The hat security agencies, including the military, Department of State Services, DSS, police and other security formations rescued the corps members and another hostage in Imo State on Wednesday.
“I paid as much as N3 million as ransom while I was hoping that nothing happened to my child. I ran helter-skelter to raise the money. I eventually got the money and sent someone to Imo State to deliver the ransom,” a mother of one of the corps members said.
A father, who spoke to News Central Television, said he paid N6 million for the release of his abducted son.
“We had to converge somewhere in Ibadan, Oyo State to put the money together. Some of us even changed the money to dollars and sent it to Imo State to meet whoever was coming to pick it.
“I am excited that my son is coming back. However, how do I repay the N6 million I borrowed? I’m just a farmer,” he said.
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