Crime Watch

BREAKING: Dangote Accuses IOCs Of Manipulating Crude Oil Prices

Edwin accused the IOCs of deliberately and wilfully frustrating the refinery’s efforts to buy local crude by jerking up the high premium prices above the market price,

Dangote has accused IOCs of manipulating crude oil prices in Nigeria.

 

NewsOnline Nigeria reports that the vice-president of oil and gas at Dangote Industries Limited (DIL), Devakumar Edwin, on Sunday, accused international oil companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals.

 

ALSO: Lawmakers From Northern Nigeria, Others Demand Nnamdi Kanu’s Release

 

This Nigeria news platform understands that Edwin accused the IOCs of deliberately and wilfully frustrating the refinery’s efforts to buy local crude by jerking up the high premium prices above the market price, thereby forcing it to import crude from countries as far as the United States, with its attendant high costs.

 

More details later…

NewsOnline Nigeria

Recent Posts

  • Crime Watch
  • Top Stories

Biafra: Nnamdi Kanu Sends Message to Former US Mayor Mike Arnold Over Support

Nnamdi Kanu has sent message to a Former US Mayor Mike Arnold over his support…

4 hours ago
  • 2027 Election
  • Headline

2027: Opposition Parties Unite, Adopt Single Presidential Candidate to Challenge Tinubu

Opposition parties in Nigeria has united to adopt a single presidential candidate to challenge Tinubu…

4 hours ago
  • Opinion
  • Politics

Celebrating Failure: Nigeria’s Culture of Excusing Poor Leadership By Festus Edovia

Across Nigeria, the consequences of poor leadership are impossible to ignore; erratic power supply, worsening…

5 hours ago
  • Education
  • Opinion

JAMB Ordeal: What Candidates Endure Before Writing Their Exams By Festus Edovia

Every year, thousands of candidates sitting for the Joint Admissions and Matriculation Board (JAMB) examination…

5 hours ago
  • Economy And Business
  • Top Stories

CBN Raises ATM Card Issuance Fee to ₦1,500, Scraps Monthly Maintenance Charges

CBN has raised ATM card issuance fee to ₦1,500 and scrapped monthly maintenance charges.  …

1 day ago
  • Crime Watch
  • Headline

BREAKING: EFCC Arrests Ex-Skye Bank Chair Tunde Ayeni Over N36.5bn, $30m Fraud

EFCC has arrested Ex-Skye Bank Chair Tunde Ayeni over alleged N36.5bn and $30m fraud.  …

1 day ago