Dangote Refinery concludes arrangement with fuel marketers on direct lifting of products

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Refinery to lift products directly. The partnership is to ensure steady, and affordable supply of PMS products nationwide.

IPMAN National President, Abubakar Garima stated thus:

“We are pleased to announce that Dangote Refinery has agreed to supply IPMAN with PMS, AGO, and DPK directly for distribution to our depots and retail outlets.”

Garima expressed confidence that negotiations with Dangote would yield lower rates.

The partnership is expected to increase efficiency, affordability, and economic growth for Nigeria’s petroleum industry.

At the meeting the Dangote Refinery, pledged to commence supply of products to over 30,000 IPMAN members and 150,000 retail outlets nationwide.

Source: Dangote Refinery concludes arrangement with fuel marketers on direct lifting of products – StocksWatch

Related Posts

07

Feb
Business & Economy

Consolidated Hallmark Holdings Plc grows profit by 513.7% to N23.13bn in Q4 2024

The Unaudited Financial Statements of Consolidated Hallmark Holdings Plc for the year ended 31 December 2024 revealed significant growth in the Company’s revenue and profit after tax. Gross Earnings of N28.17 billion was achieved for the 12 months period, up by 340.17% from the Gross Earnings of N6.4 billion recorded the previous year. Profit after tax of […]

07

Feb
Business & Economy

Fidelity Bank Plc increases share capital to N36.7bn

Fidelity Bank Plc has notified the Nigerian Exchange and the investing public that it has increased its issued share capital from N26.7 billion to N36.7 billion by creation of 20 billion additional Ordinary Shares of 50 kobo each. At the recently concluded Extra-Ordinary General Meeting, the board has been authorised to raise additional capital up to the[…]