Mr Otedola advises DAPPMAN members to focus on owning and scaling retail outlets, rather than holding on to tanks built for a fuel import economy that no longer serves the country. Femi Otedola, billionaire businessman and chairman of Geregu Power Plc, has expressed strong support for Aliko Dangote, founder and president/chief executive of the Dangote Group, in his dispute with the …
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Crude Oil Imports Hit Record High As Dangote Refinery Reshapes Trade Flow
•More vessels deliver crude oil, load refined products — Consultant The development was attributed to the impact of the 650,000 barrels per day, bpd Dangote Petroleum Refinery, which imported crude oil from many nations, including the United States, Brazil, Angola, and Equatorial Guinea. However, Financial Vanguard’s quarterly analysis revealed a mixed picture, indicating that in Q1’25, crude imports stood at …
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