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

Dangote seeks court order to revoke fuel import approvals

Dangote Petroleum Refinery has instituted a fresh suit challenging the fuel import licences granted to the Nigerian National Petroleum Company Limited and several fuel marketers, reviving the dispute over petrol importation despite improvements in local refining capacity. According to court filings submitted at the Federal High Court in Lagos and cited by Reuters, the mega-refinery […]

Investment

PenCom grants PFAs waiver to invest in Dangote Refinery IPO

The National Pension Commission has granted Pension Fund Administrators a special regulatory waiver allowing them to invest pension assets in the upcoming Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals FZE. Nairametrics reported that the waiver, announced in a circular dated May 13, 2026, effectively suspends several investment restrictions, marking a significant shift in […]

Oil and Gas

Dangote Refinery exports 57m barrels jet fuel since April 2024

Dangote Petroleum Refinery exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, with shipments fluctuating sharply month-to-month but rising to a peak of about 160,000 barrels per day in the latest data. The PUNCH reported that an analysis of export volumes from energy intelligence platform Kpler shows that the […]

featured Oil and Gas

Dangote Refinery says petrol price remains unchanged nationwide

Dangote Petroleum Refinery and Petrochemicals Limited has stated that the price of Premium Motor Spirit, also known as petrol, remains unchanged, reaffirming that its ex-depot price has not been adjusted. In a statement, the refinery noted that maintaining its current pricing underscores its commitment to supporting stability in the domestic energy market and cushioning the […]

featured Oil and Gas

Dangote Refinery raises petrol price to ₦1350/litre

Dangote Refinery has effected another upward price adjustment, raising its ex-depot price of Premium Motor Spirit to N1,350 per litre. The latest adjustment, confirmed on Wednesday by a senior official of Dangote Refinery and pricing platform Petroleumprice.ng, represents a N75 increase from the previous N1,275 per litre, reinforcing a pattern of frequent price recalibrations that […]

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Dangote Refinery recalls redeployed engineers to boost efficiency

Dangote Petroleum Refinery has approved the recall of engineers who were earlier redeployed across its business units, describing the move as a conditional pardon after disciplinary measures stemming from operational disruptions. The decision, communicated in an internal memo to staff on Thursday, reflects a recalibrated approach by management as it seeks to balance accountability with […]

featured Oil and Gas

Dangote Refinery subsidises petrol, diesel for Nigerians, official reveals

A senior management official of the Dangote Group on Monday revealed that the Dangote Petroleum Refinery has been subsidising the petrol and diesel it supplies to the Nigerian market. According to the official, who spoke to The PUNCH in confidence due to the lack of authorisation to speak, the company’s N1,200 per litre ex-depot price […]

Business featured

Dangote Refinery expansion to create 95,000 jobs

President of the Dangote Group, Aliko Dangote, has revealed that the planned expansion of the Dangote Refinery to a production capacity of 1.4 million barrels per day will create employment opportunities for no fewer than 95,000 skilled workers at the peak of construction. The disclosure was contained in a statement issued by the company, noting […]

Shipping crisis stalls Dangote fuel distribution
Investment

Dangote Refinery IPO offers US dollar dividends to attract investors

Africa’s richest man, Aliko Dangote is seeking to draw investors into the planned listing of his refinery business by anchoring returns to United States dollar-denominated dividends, as he prepares to float about 10 per cent minority stake in one of Africa’s largest industrial assets to fund a sweeping expansion programme. The billionaire industrialist plans to […]

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 […]

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