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Business

Dangote Refinery does not import finished petroleum products – MD

The Managing Director of the Dangote Petroleum Refinery, David Bird, stated that the $20 billion facility does not import finished petroleum products. He explained that the refinery follows a merchant refining model, which does not depend solely on crude oil. Bird clarified that what some had referred to as fuel was actually intermediate feedstock, making […]

Oil and Gas

Dangote Refinery reaffirms capacity to exceed local fuel demand

Dangote Petroleum Refinery has confirmed its ability to supply fuel volumes well above Nigeria’s domestic demand. The refinery said it can produce 75 million litres of Premium Motor Spirit daily, surpassing the country’s estimated consumption of 50 million litres. It can also supply 25 million litres of Automotive Gas Oil daily, compared with a national […]

featured Oil and Gas

Dangote petrol now costlier than imported fuel after price hike

The landing cost of imported Premium Motor Spirit (petrol) has fallen below the gantry price of petrol from the Dangote Petroleum Refinery following the refinery’s decision to increase its price. Data from the Major Energies Marketers Association of Nigeria indicate that the landing cost of imported petrol stood at N728.88 per litre last week. On […]

Opinion

Rewane forecasts Dangote Refinery listing to double stock market capitalisation

Bismarck Rewane, chief executive officer of Financial Derivatives Company, has projected that the anticipated listing of the Dangote Refinery on the Nigerian Exchange in 2026 could more than double Nigeria’s stock market capitalisation to above N200 trillion, while warning that the naira may weaken to about N1,590 per dollar by the end of 2026. Rewane […]

featured Oil and Gas

Dangote Refinery to become world’s largest with new expansion

Nigeria’s Dangote Group has awarded a $350 million contract to Engineers India Limited to expand its massive Lekki refinery to 1.4 million barrels per day, more than doubling current capacity in a bid to transform Africa’s largest economy into a regional petroleum hub. The deal, signed with the Indian state-owned engineering consultancy, will see the […]

Oil and Gas

Dangote Refinery lifts Nigeria’s petrol supply by 64%

Nigeria’s domestic supply of petrol from the Dangote Petroleum Refinery and Petrochemicals rose sharply by about 64 per cent to an average of 32 million litres per day after operational improvements at the facility, according to the latest data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Figures contained in the NMDPRA December […]

Business

Dangote Refinery begins round-the-clock petrol supply

The Dangote Petroleum Refinery has begun night-time loading as it steps up efforts to maintain a daily supply of over 50 million litres of Premium Motor Spirit (petrol) nationwide, marking a transition to full 24-hour operations at Africa’s largest refinery. This follows the ongoing production ramp-up and logistics optimisation aimed at strengthening fuel security and […]

featured Oil and Gas

Petrol price war deepens as stations sell below Dangote’s rate

The competition in Nigeria’s downstream petroleum sector has intensified as several filling stations have reduced the pump price of Premium Motor Spirit below the N739 per litre benchmark recommended by the Dangote Petroleum Refinery. Following the Dangote refinery’s decision in December to slash petrol prices from about N900 to N739 per litre, importers and depot […]

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