dangote refinery

The Digest: Africa's richest man, Aliko Dangote, has appointed his three daughters to executive positions within the multi-billion dollar Dangote Group as part of succession planning and Vision 2030 ambition to build a $100 billion enterprise. Halima Dangote becomes Group Executive Director...

The Digest: First HoldCo Chairman Femi Otedola has expressed optimism that the naira will strengthen to below N1,000 per US dollar before the end of 2026, citing the Dangote Refinery's attainment of full 650,000 barrels per day capacity. In a social media post, Otedola congratulated Aliko...

The Digest: The Dangote Petroleum Refinery has announced that its plant is now operating at full installed capacity of 650,000 barrels per day, making it the "first refinery in the world to attain this feat." According to a statement, the milestone follows the completion of scheduled...

The Digest: Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) from N799 to N774 per litre, effective immediately. According to a notice to marketers and industry reports, the price adjustment reflects a recalibration amid shifting market...

The Digest: Petroleum marketers have indicated that fuel prices may drop across Nigeria as the cost of imported petrol falls below the Dangote Refinery's gantry price. IPMAN President Abubakar Maigandi stated that with current market dynamics, retail prices could be reduced. Data shows...

The Digest: Oil marketers have stated that the resumption of petrol and diesel import licences by the regulator is a strategic move to close domestic supply gaps and prevent scarcity. They explained that local refineries, including Dangote, cannot yet meet Nigeria's total fuel demand...

The Digest: The International Monetary Fund (IMF) has identified the Dangote Petroleum Refinery as a primary driver for Nigeria's economic diversification, projecting it will add approximately 1.5% to the country's non-oil Gross Domestic Product (GDP) in 2026. According to the IMF's outlook...

The Digest: Dangote Refinery has cautioned that continued reliance on coastal logistics for evacuating petroleum products could raise the pump price of petrol to nearly ₦1,000 per litre. In a statement, the refinery estimated that coastal delivery, transporting fuel by ship along the...

The Digest: Dangote Refinery has announced plans to begin producing surfactants, a key component in detergent manufacturing, in Nigeria. CEO David Bird revealed that the refinery is finalizing commercial terms to install a linear alkyl benzene (LAB) plant, which will produce the raw material...

The Digest: Fuel marketers are warning that the pump price of Premium Motor Spirit (petrol) in Nigeria could approach ₦1,000 per litre if the current surge in global crude oil prices continues. The alert follows Brent crude rising above $70 per barrel, driven by geopolitical tensions in the...

The Digest: Nigerians are facing the prospect of another increase in the price of petrol following a sustained rise in global crude oil prices. Nigeria's Bonny Light crude has risen to $70.30 per barrel, a 10% increase from the previous week, with similar hikes seen in benchmark Brent crude...

The Digest: The Dangote Petroleum Refinery has publicly assured Nigeria of a steady, large-scale domestic supply of refined petroleum products, stating it can deliver up to 75 million litres of Premium Motor Spirit (petrol), 25 million litres of diesel, and 20 million litres of jet fuel daily...

The Digest: Dangote Petroleum Refinery has announced an increase in the gantry price of Premium Motor Spirit (PMS) from ₦699 to ₦799 per litre. This adjustment marks the end of a temporary festive price support initiative, leading MRS Oil Nigeria Plc retail outlets to now sell petrol at ₦839...

The Digest: The Dangote Refinery has signed a major $350 million contract with Engineers India Limited (EIL). According to a statement from EIL, the Indian firm will serve as the Project Management Consultant and Engineering, Procurement, and Construction Management consultant for the...

The Digest: Despite the operational start of domestic refineries, petrol importation accounted for 62.47% of Nigeria’s total Premium Motor Spirit consumption in 2025. According to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reported by Punch...

The Digest: Nigeria’s push toward energy independence saw a significant boost in December, as Dangote Refinery supplied over 32 million litres of petrol to the domestic market, a signal of growing local refining strength even as the country continues to rely on imports to meet demand. Key...

The Digest: Dangote Petroleum Refinery has declared Nigeria’s transition from chronic fuel scarcity to sustained abundance, a pivotal shift the company frames not just as a supply milestone, but as a leap toward cleaner fuels, economic stability, and energy sovereignty Key Points: Dangote...

The Digest: A fierce price war has broken out in Nigeria’s petroleum sector, with some retailers selling petrol below the N739 per litre benchmark set by the Dangote Refinery. As competition intensifies, motorists are benefiting, but marketers warn of mounting losses in a storm of...

The Digest: Nigeria’s independent oil marketers confirm they are now sourcing petrol exclusively from the Dangote Refinery, signaling a potential end to fuel imports. In a market long shaped by scarcity, this shift reflects a quiet but powerful storm of local capacity. Key Points: IPMAN’s...

The Digest: Dangote Petroleum Refinery has dismissed reports of an imminent shutdown as “false and misleading,” affirming its operations remain stable and capable of supplying up to 50 million litres of Premium Motor Spirit daily. In a statement, the refinery detailed strong production and...