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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 […]

Business

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 […]

featured Oil and Gas

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 […]

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 […]

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