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Dangote Refinery slashes petrol ex-gantry price to N1,075/litre

The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre. The N50 per litre reduction, representing a 4.4 per cent decrease from the previous price, is expected to further intensify competition in Nigeria’s downstream petroleum sector. This is the refinery’s […]

Business

Dangote Refinery rejects claims of fuel exports, re-importation via Lomé

The management of Dangote Petroleum Refinery and Petrochemicals has expressed concern over the spread of what it described as false and misleading reports alleging that its petroleum products are exported to Lomé and later re-imported into Nigeria. The company said in a statement that while it does not usually respond to baseless allegations, it deemed […]

Oil and Gas

Dangote Refinery denies exporting fuel for reimportation

The management of Dangote Petroleum Refinery and Petrochemicals has noted with concern the circulation of unfounded and misleading claims suggesting that its petroleum products are exported to Lomé and subsequently re-imported into Nigeria. The company said in a statement that, as a matter of policy, it does not engage with baseless allegations, but it considered […]

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Dangote Refinery slashes petrol gantry price by N75/litre

Dangote Petroleum Refinery has announced a N75 per litre reduction in the gantry price of Premium Motor Spirit, commonly known as petrol, citing easing tensions in the Middle East that had contributed to elevated energy prices over the past three months. In a circular issued to fuel marketers on Monday, the refinery said it reviewed […]

Business

Dangote refinery cuts West Africa fuel imports

The expansion of the Dangote Petroleum Refinery has led to a sharp reduction in clean petroleum product imports into West Africa, significantly altering regional tanker traffic and shipping patterns, according to a report by S&P Global. Data from S&P Global Commodities at Sea showed that West Africa’s imports of clean refined products fell by 23 […]

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Dangote refinery boosts Nigerian crude prices amid global uncertainty

Dangote Petroleum Refinery’s increasing demand for Nigerian crude oil is providing crucial support to the country’s oil market, boosting premiums for key crude grades and helping sustain demand amid uncertainty in global energy markets. The refinery’s growing crude intake has strengthened the pricing of Nigerian oil grades compared with competing Angolan crudes, as geopolitical tensions […]

Business

Dangote Refinery valued at $39.1bn in private placement offer

The Dangote Petroleum Refinery has been valued at $39.1 billion as it seeks to raise fresh capital from investors through a private placement. According to an Information Memorandum seen by Nairametrics, the refinery is offering three billion ordinary shares at a placement price of $0.35 per share. The transaction is expected to raise approximately $1 […]

featured Oil and Gas

Petrol imports crash by 96% as Dangote Refinery boosts supply

Nigeria’s spending on the importation of Premium Motor Spirit, popularly known as petrol, plunged by over 96 per cent in the first quarter of 2026, marking a dramatic shift in the country’s fuel supply landscape and signaling the growing impact of local refining capacity. Latest foreign trade statistics released by the National Bureau of Statistics […]

Oil and Gas

Dangote Refinery hits 700,000 bpd processing capacity

Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day, exceeding its official nameplate capacity of 650,000 bpd. The achievement was confirmed following a performance test conducted by the refinery’s process licensors, marking a significant milestone in the facility’s operational development and growth. The latest accomplishment further consolidates […]

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Dangote Refinery slashes petrol gantry price by ₦25 to ₦1,250/litre

The Dangote Petroleum Refinery has reduced its petrol gantry price by N25 per litre, lowering the cost from N1,275 to N1,250. The PUNCH reported that a senior Dangote Group official, who spoke on condition of anonymity because he was not authorised to comment publicly on the matter, confirmed the development to our correspondent on Saturday. […]

featured Oil and Gas

Dangote Refinery emerges top global jet fuel exporter in April

Dangote Refinery topped global jet fuel exports in April driven by output growth and Middle East supply disruptions. Dangote Petroleum Refinery has emerged as the world’s largest exporter of jet fuel in April, driven by surging production levels and global supply disruptions linked to the Middle East conflict, according to S&P Global Energy data. The […]

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