• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

IPMAN Lauds Dangote Refinery Crude Delivery, Calls for Port Harcourt Privatization

by Leadership News and Anayo Onukwugha
2 years ago
in Business
IPMAN
Share on WhatsAppShare on FacebookShare on XTelegram

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has applauded the Nigerian National Petroleum Company Limited (NNPCL) for supplying one million barrels of crude to Dangote Refinery.

Advertisement

Speaking with newsmen in Port Harcourt, the Rivers State capital on Friday, IPMAN Chairman in the state, Dr. Joseph Obelle, said one cardinal benefit Nigerians will get from the the new $19 billion refinery is the fact that the era of fuel scarcity in Nigeria will be history.

Obelle, who described the development as ‘commendable and a good news to the general public’ however warned that the privatisation of the Port Harcourt Refinery could lead Dangote Refinery into monopoly.

However, Obelle raised concerns about potential monopoly if the Port Harcourt Refinery remains under state control. He urged for its immediate privatization to ensure fair competition and prevent price hikes.

He said: “I’m yet to see any sector that can stand or beat Dangote in a business competition. Hence I will recommend that the Port Harcourt Refinery proposed to commence same time with the Dangote Refinery should be privatised immediately without further delay.

RELATED

Zularich Properties Hands Over New Housing Estate To Buyers, Rewards Realtors

Zularich Properties Hands Over New Housing Estate To Buyers, Rewards Realtors

3 minutes ago
Tinubu Hails NGX Growth, Backs More Capital Market Reforms

Tinubu Hails NGX Growth, Backs More Capital Market Reforms

15 minutes ago
ADVERTISEMENT

“NNPC Limited, as it is presently formulated can stand not an intense competition against the Dangote Refinery and by that the $1.5bn spent on the rehabilitation will be futility. Refusal to privatise the Port Harcourt Refinery shall be an indication of orchestrated monopoly for the Dangote Refinery.

“The inflation index of Nigeria is worrisome and further increment to prices of commodities will mean untold hardship upon Nigerians. Therefore, while Dangote Refinery is operating, another private refinery should also be operating the Port Harcourt Refinery inview of forcing down the price for the benefit of the consumers.

“Regarding the December deadline for the commencement of the Port Harcourt Refinery, I can say on good authority that the MD of Port Harcourt Refinery is working seriously in achieving that deadline and Mr President should be commended for releasing all the funds needed for the rehabilitation.

ADVERTISEMENT

“It is obvious that the plant might likely commence late December this year or early January next year. The progress of the job so far and standard of the job is encouraging.”


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10585Tweet6616Share
ADVERTISEMENT
Previous Post

Obi Cubana To Receive IAWPA Mayor Of Peace Award

Next Post

Last Man Standing To Get N3m As Tokyo Nightlife Holds 32-hour 1st Anniversary In Abuja

Leadership News and Anayo Onukwugha

Leadership News and Anayo Onukwugha

You May Like

Zularich Properties Hands Over New Housing Estate To Buyers, Rewards Realtors
Business

Zularich Properties Hands Over New Housing Estate To Buyers, Rewards Realtors

2025/08/27
Tinubu Hails NGX Growth, Backs More Capital Market Reforms
Business

Tinubu Hails NGX Growth, Backs More Capital Market Reforms

2025/08/27
The Evolution Of Betting In Nigeria: A Journey Of Growth
Business

How To Bet Smarter In 2025

2025/08/26
Malabu Oil: Abacha Family Wants Minister To Withdraw Claims On Court Cases
Business

Global Oil & Gas Contracts Up By $7bn In Q2

2025/08/26
Fadaella Foods To Capture Nigerian Market With New Products
Business

Fadaella Foods To Capture Nigerian Market With New Products

2025/08/26
Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1
Business

Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1

2025/08/26
Leadership Conference advertisement

LATEST

Zularich Properties Hands Over New Housing Estate To Buyers, Rewards Realtors

Tinubu Hails NGX Growth, Backs More Capital Market Reforms

NRC Must Prevent Future Train Mishaps — Tinubu

FERMA Completes Emergency Repairs On Failed Sections Of Lagos Road

N6.5b Scandal: CSOs Allege Intimidation, Kano Govt Blames Ganduje, Aide Refutes Claim

Financial Misconduct Allegations: Anglican Church Investigates Bishop

Anti-quackery Committee Seals 6 Health Facilities In Rivers

Bauchi Speaker Urges Youth Parlamentarians To Embrace Selfless Service

TISSF And Matters Arising

Labourer Dies As Wall Collapses At Garki Excavation Site

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.