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Tag: Dangote Refinery

Oil and Gas

Dangote, local refineries drive 111% surge in Nigerian petrol supply

Nigeria’s domestic petrol supply experienced a significant surge, increasing by 111 per cent in 2025 to reach a record 3.8 billion litres in the first 10 months of the year, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority. This dramatic increase, driven by the ramp-up of the Dangote Refinery and other local facilities, […]

Dangote refinery investors gain N1.2tn in two days
Oil and Gas

NNPCL plans 20% increase in Dangote Refinery stake

The Nigerian National Petroleum Company Limited on Tuesday disclosed plans to raise its equity stake in the $20 billion Dangote Petroleum Refinery to 20 per cent, as part of efforts to strengthen Nigeria’s domestic refining capacity and consolidate its position in the downstream oil sector. The Group Chief Executive Officer of NNPC, Bayo Ojulari, made […]

Oil and Gas

Dangote Refinery supply now exceeds Nigeria’s demand, says official

The Dangote Petroleum Refinery says the supply of petroleum products has now exceeded Nigeria’s demand. In a statement on Saturday, Anthony Chiejina, the group chief branding and communications officer at Dangote Industries Limited, said daily petrol loading has reached 45 million litres, while diesel stands at 25 million litres. The communications officer reaffirmed the company’s […]

featured Oil and Gas

FG pledges total support for Dangote Refinery’s 1.4m BPD goal

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said on Monday that the Federal Government will fully support Dangote Refinery in achieving its 1.4 million barrels-per-day refined products target. Lokpobiri made the pledge during his welcome address at the 19th Africa Downstream Energy Week in Lagos, an event themed “Energy Sustainability: Growth Beyond Boundaries […]

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Dangote to sell 10% refinery stake on NGX

Chairman of Dangote Petroleum Refinery, Aliko Dangote, has announced plans to sell between five and 10 per cent of the refinery’s shares on the Nigerian Exchange Limited within the next one year. Speaking in an interview with S&P Global, Dangote confirmed that the move would follow the same path taken by other Dangote Group subsidiaries […]

Business

Sacked Dangote Refinery engineers reject allegations of sabotage

Some engineers dismissed by the Dangote Refinery last month have refuted claims that 22 acts of sabotage, including an attempt to set the facility on fire, took place. They insisted the allegations were false, stating their termination was due to joining the Petroleum and Natural Gas Senior Staff Association of Nigeria. Speaking anonymously due to […]

Business

Dangote refinery to offer 5–10% stake on NGX next year

The founder of the Dangote Group, Aliko Dangote, has revealed that the Dangote Petroleum Refinery plans to list between 5 and 10 percent of its shares on the Nigerian Exchange Limited within the next year. In an interview with S&P Global on October 20, Dangote said the plan follows the model used for Dangote Cement […]

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

Dangote Refinery raises petrol price to ₦877 as operations fully resume

The Dangote Petroleum Refinery resumed full operations on Thursday, simultaneously raising the gantry price of Premium Motor Spirit, commonly known as petrol, by seven per cent, from ₦820 per litre to ₦877 per litre. According to Vanguard, oil marketers who purchase large volumes of two million litres and above would benefit from this relatively low […]

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Dangote refinery to release 600m litres of petrol monthly

Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery plans to release up to 600 million litres of petrol monthly to stabilise domestic supply and curb the recent rise in pump prices. According to the National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, the refinery is finalising a […]

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

Dangote Refinery denies claims of importing high-sulphur petrol

Dangote Petroleum Refinery has rejected recent media claims that it is importing high-sulphur finished petrol into Nigeria, calling the reports false and misleading. In a statement on Friday, the company clarified that, as a world-scale refinery, it processes a variety of crude oils and intermediate feedstocks, a standard global practice designed to optimise both production […]

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