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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 […]

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 […]

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