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Tag: Dangote Refinery

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 […]

Oil and Gas

Dangote Refinery exports 456,000 tonnes of fuel to Africa

The Dangote Petroleum Refinery has ramped up its regional footprint with the export of 12 cargoes of refined petroleum products totalling 456,000 tonnes to five African countries. This occurs amid a growing fuel supply crisis triggered by geopolitical tensions in the Middle East. The cargoes, sold through international traders on a Free on Board basis, […]

Business

Dangote ships 456,000 tonnes of refined products to global markets

The Dangote Petroleum Refinery has exported 456,000 tonnes of refined petroleum products across 12 cargoes lifted by international traders. Industry sources said the shipments, consisting of Premium Motor Spirit, were delivered to several African countries, including Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo, according to Nairameteics. This comes after the refinery attained its full nameplate […]

featured Oil and Gas

Dangote Refinery raises petrol price to ₦1,245/itre

Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit, also known as petrol. The refinery cited escalating global geopolitical tensions and rising crude oil costs as the driving factors. In a notice sent to petroleum marketers late Friday, the refinery revealed that its ex-depot (gantry) price would rise from […]

Oil and Gas

S’Africa, others turn to Dangote Refinery amid Iran war

Several African countries, including South Africa, have approached the Dangote Petroleum Refinery to secure fuel supplies following disruptions linked to the ongoing conflict involving Iran, Bloomberg reports on Friday. Findings showed that the 650,000-barrels-per-day refinery owned by Nigerian billionaire Aliko Dangote has received multiple inquiries from governments seeking alternative fuel sources. South Africa is reportedly […]

Business

African nations turn to Dangote as global energy crisis deepens

Dangote Petroleum Refinery and Petrochemicals is experiencing a surge in inquiries from African countries seeking fuel supplies as disruptions from the Iran war tighten global markets. This was disclosed in a Bloomberg report published on Friday. According to the report, several governments are scrambling to secure alternative sources of refined petroleum products amid the supply […]

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