Oil & Energy
Nigeria’s Oil Production Hits 2mbpd
The Central Bank of Nigeria (CBN) says that Nigeria’s oil production reached 2.1 million barrels per day in 2010.
CBN Finance Director, Mr Alex Gaura said this at the inaugural Regional Conference of the Institute of Chartered Accountants of Nigeria (ICAN) UK District, held in London.
“By the end of 2010, the country’s production level was 2.13 million barrels per day,” Gaura was quoted as saying.
He said, however, that in spite of this rise more was still needed to let the sector make more impact on the nation’s economy and the majority of the populace.
He also said the capacity utilization of the four refineries in the country was still estimated at just 24 per cent in 2010.
Earlier, ICAN UK Chair, Mrs Ronke Adeagbo said the sustainability of the country’s economy ‘is a must do’ for all, irrespective of individual’s field of endeavour.
“Our living environment is now under threat and at best, in a flux, requiring multi-disciplinary lenses to perceive and understand.
“Any proposed solutions must definitely be integrating in nature,” she said.
Also, ICAN President, Maj. Gen. Sebastian Achulike said economic sustainability had become an issue of global concern.
He stressed that sustainability was about ensuring that organisations developed and implement environmental, social and economic strategies that would lead to business success without negative impact on the environment.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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