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Dangote refinery drives $3.74bn crude import shift

Nigeria imported $3.74 billion worth of crude oil in 2025 for processing at the Dangote Petroleum Refinery, highlighting a shift in the country’s oil trade pattern as domestic refining capacity grows. This was revealed in the Central Bank of Nigeria’s 2025 Balance of Payments report, which noted that “crude oil imports of $3.74 billion by […]

featured Oil and Gas

We cut fuel price to ease Nigerians’ burden — Dangote Refinery

The management of Dangote Petroleum Refinery has announced a latest price reduction aimed at easing the sufferings of Nigerians. The refinery made this known in a statement issued on Wednesday. It stated: “This decision underscores our commitment to maintaining a pricing structure that remains sensitive to global market trends and reflective of our principles of […]

Oil and Gas

Dangote Refinery slashes petrol price by ₦100 to ₦1,075

Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit and Automotive Gas Oil. This marks the first downward adjustment after several sharp increases recorded in recent days. According to the refinery’s latest pricing template released on March 10, 2026 as seen on petroleumprice.ng, the gantry price of petrol has been cut by […]

Business

Dangote Refinery prepared to compete amid regulatory fairness – CEO

The Chief Executive Officer of the Dangote Petroleum Refinery & Petrochemicals, David Bird, has said the refinery is prepared to compete in Nigeria’s petroleum market under an import-parity pricing framework, provided regulators guarantee a level playing field. Bird made the statement during a media briefing in Lagos on Monday. He stressed that consistent and equitable […]

PETROAN dismisses fuel scarcity fears amid naira-for-crude controversy
featured Oil and Gas

Dangote refinery raises petrol price to ₦875/litre amid crude surge

The Dangote Petroleum Refinery has raised its Premium Motor Spirit gantry price by N101 per litre, increasing the ex-depot rate from N774 to N875 per litre. This adjustment has intensified worries about impending nationwide fuel price hikes. A senior official at the refinery confirmed the change to The PUNCH on Monday. The official explained that […]

NGX reports N5.2bn profit despite economic hardship
Business

Dangote picks Stanbic, Vetiva, First Capital for refinery NGX listing

The Dangote Group has appointed Stanbic IBTC Capital, Vetiva Capital Management, and First Capital as lead issuing houses and financial advisers for the upcoming Nigerian Exchange listing of its $20 billion Dangote Petroleum Refinery & Petrochemicals FZE. Sources familiar with the matter say this could mark Africa’s largest equity offering, with plans to float 5-10 […]

Dangote Refinery loses N32.5bn after petrol price cut
featured Oil and Gas

Dangote Refinery unveils five projects to build industrial hub

Dangote Petroleum Refinery has announced plans to expand beyond crude processing into a fully integrated industrial hub. The expansion includes five major projects aimed at transforming Africa’s manufacturing landscape. One of the key initiatives is the construction of a 400,000-tonne Linear Alkaline Benzene plant to support detergent manufacturing across the continent. Addressing journalists during a […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote inks deal to deliver 65m litres petrol daily

The Dangote Petroleum Refinery has signed an offtake agreement with 12 leading petroleum marketing companies to supply 60–65 million litres of Premium Motor Spirit, also known as petrol daily across Nigeria. The initiative is expected to stabilise fuel supply and strengthen the country’s drive toward self-sufficiency. Aliko Dangote, President of the Dangote Group, stated in […]

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