Business

Customs deploy AI to boost revenue, curb audit

  • 14th April 2026

Oil output in Gulf states tumbles amid Iran

  • 13th April 2026

PETROAN backs W’Bank fuel import call to boost

  • 13th April 2026
NAICOM warns insurers over 2026 recapitalisation deadline

NAICOM workers stage protest over staff welfare concerns

  • 13th April 2026

Contact Info

Some Populer Post

Spain grants legal status to 500,000 undocumented migrants

Travel
Loan apps: FCCPC to address rising debt with new policy

FG probes ‘sharp sharp’ loan operators over customers privacy

Policy and Regulations

Tinubu commissions Nigeria Revenue Service new headquarters in Abuja

News

Iran estimates $270bn cost of US-Israel war damages

featured Finance
  • Home
  • Dangote Refinery

Tag: Dangote Refinery

Oil and Gas

Dangote plans historic Pan-African IPO for oil refinery

President of Dangote Industries Limited, Aliko Dangote, is planning a landmark cross-border public offering of his $20bn oil refinery in a move that could reshape capital markets across Africa and deepen regional investor participation, a new report by Bloomberg revealed on Monday. The proposed listing, which will see shares of the Dangote Petroleum Refinery and […]

featured Oil and Gas

Dangote slashes petrol price to ₦1,200/litre amid global oil crash

The Dangote Petroleum Refinery & Petrochemicals has slashed the ex-gantry price of Premium Motor Spirit (petrol) to N1,200 per litre, reversing its earlier increase amid a sharp drop in global crude oil prices triggered by geopolitical developments. The latest adjustment represents a N75 reduction from the previous price of about N1,275 per litre, which the […]

featured Oil and Gas

US-Iran war: Dangote Refinery’s petrol price hits ₦1,275, diesel ₦1,950

Amid rising geopolitical tensions in the Middle East and their ripple effects on global energy markets, the Dangote Petroleum Refinery has increased the gantry price of petrol and diesel, further tightening pressure on consumers and businesses across Nigeria. A top official at the refinery, who confirmed the development to our correspondent on Tuesday night, said […]

Business

Dangote Refinery steps up petrol, urea exports amid supply disruptions

Africa’s largest refinery, owned by billionaire industrialist Aliko Dangote, has increased exports of gasoline and urea to African countries facing supply disruptions linked to the ongoing Iran war. Dangote made this known on Monday during a tour of the Dangote Petroleum Refinery in Lagos, noting that the facility is now running at its full installed […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote cargo reaches UK as Europe looks beyond Middle East

Nigeria is increasingly serving as an alternative supplier of aviation fuel to Europe, as tensions from the US-Iran conflict disrupt Middle East supplies. A recent cargo from the Dangote Petroleum Refinery has already arrived in the United Kingdom. Several European countries are now sourcing aviation fuel from the facility, particularly amid the supply tightness triggered […]

featured Finance

Afreximbank underwrites $2.5bn loan for Dangote Refinery

The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals. A syndicated loan is a financing arrangement involving a large sum of money provided by a group of lenders. In a statement confirming the deal, Afreximbank disclosed that it and Access Bank […]

Business featured

Dangote Refinery denies announcing stock market listing plans

Dangote Petroleum Refinery and Petrochemicals has clarified that it has not announced any Initial Public Offering for its listing, warning the public against relying on speculative reports circulating across media and social platforms. In a statement issued by its management, the company said it had observed the “recent circulation of unauthorised information across various media […]

Oil and Gas

Crude-for-naira: Dangote refinery gets only five of 15 cargoes, CEO laments

The Chief Executive Officer of the Dangote Refinery, David Bird, has called for greater transparency in Nigeria’s crude oil allocation system, warning that supply shortfalls are forcing the refinery to buy Nigerian crude at higher international premiums. Speaking in an interview with Arise News on Wednesday, Bird said the refinery is currently operating at its […]

featured Oil and Gas

Dangote Refinery suffers 79 million barrels crude supply shortage — Report

The ambitious deal between the Dangote Petroleum Refinery and Nigerian National Petroleum Company Limited is facing challenges, as the refinery experienced a crude oil supply shortfall of approximately 79.53 million barrels between October 2025 and mid-March 2026, according to findings by The PUNCH. Data obtained from an impeccable senior management source within the refinery indicated […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in