RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Fire Breaks Out at Dangote Multi Billion Naira Refinery in Lagos

Akpan Edidong by Akpan Edidong
June 26, 2024
in Business, company news
Reading Time: 1 min read
A A
0
Fire Breaks Out at Dangote Multi Billion Naira Refinery in Lagos
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

A fire erupted in a section of the Dangote Refinery in Lagos on the afternoon of Wednesday, June 26, 2024, causing significant concern in the surrounding area. Eyewitnesses reported seeing large plumes of smoke and hearing loud noises emanating from the refinery.

The fire, which started around noon, was concentrated in the effluent plant of the refinery, according to reports gathered by Ratecaptain. Videos circulating on social media depicted thick black smoke billowing from the site, though it appeared that the fire was localized and did not spread to other parts of the complex. Engineers on-site were observed monitoring the situation.

AlsoRead

CBN Directs International Money Transfer Operators to Open Naira Settlement Accounts with Local Banks

Central Banks Ramp Up Gold Purchases as Geopolitical Risks Fuel De-Dollarisation Drive

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

Despite the dramatic visuals, emergency responders, including the Lagos State Emergency Management Agency (LASEMA), had not yet arrived at the scene at the time of reporting.

Owned by Aliko Dangote, the Dangote Refinery is a significant entity in Nigeria’s oil sector, anticipated to be the largest single-train refinery globally. The incident prompted immediate action to investigate the cause and evaluate the impact on operations.

In a press statement, the Dangote Group confirmed the fire was a minor incident and had been swiftly contained. “We have swiftly contained a minor fire incident at our effluent treatment plant (ETP) today, Wednesday, 26th June. There is no cause for alarm as the refinery is operating, and there is no recorded injury or harm to any of our staff on duty,” the statement read.

Further investigations are ongoing to determine the exact cause of the fire and to ensure the safety of all refinery operations.

Tags: Dangote Oil Refinery
Previous Post

Nigeria Records $24bn FX Inflow in Q1 2024: CBN

Next Post

CBN Discontinues FX Price Verification Portal for Importers Starting July 1

Related News

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Directs International Money Transfer Operators to Open Naira Settlement Accounts with Local Banks

by Stephen Akudike
March 25, 2026
0

The Central Bank of Nigeria (CBN) has issued a new directive requiring all International Money Transfer Operators (IMTOs) operating in...

Central Banks Ramp Up Gold Purchases as Geopolitical Risks Fuel De-Dollarisation Drive

by Stephen Akudike
March 25, 2026
0

Central banks worldwide are stepping up their gold-buying activities at a notable pace, with emerging market giants China and India...

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

by Stephen Akudike
March 10, 2026
0

Showmax, once positioned as Africa's homegrown challenger to global streaming giants like Netflix, has become a stark case study in...

FCMB Group Plc Reports Remarkable 108% Year-on-Year Profit Growth in 9M 2023

FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence

by Stephen Akudike
March 10, 2026
0

FCMB Group Plc has successfully met the Central Bank of Nigeria's (CBN) revised minimum capital requirement of N500 billion for...

Next Post
NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Discontinues FX Price Verification Portal for Importers Starting July 1

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Union Bank Completes Delisting Procedure from NGX

Federal High Court Nullifies CBN’s Dissolution of Union Bank Board, Orders Immediate Reinstatement

March 26, 2026
CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

CBN Lowers Yields on Two Tenors at March 25 Treasury Bills Auction Amid Liquidity Glut

March 26, 2026

Popular Story

  • NEC Affirms CBN $3 Billion Loan for Naira Stability

    CBN Directs International Money Transfer Operators to Open Naira Settlement Accounts with Local Banks

    0 shares
    Share 0 Tweet 0
  • FG Opens Subscription for N750 Billion March Bond Offer

    0 shares
    Share 0 Tweet 0
  • NGX Market Cap Drops Below N129 Trillion as Profit-Taking Weighs on Banking Stocks

    0 shares
    Share 0 Tweet 0
  • CBN Lowers Yields on Two Tenors at March 25 Treasury Bills Auction Amid Liquidity Glut

    0 shares
    Share 0 Tweet 0
  • Federal High Court Nullifies CBN’s Dissolution of Union Bank Board, Orders Immediate Reinstatement

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>